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rules relating to the Pumpkin Patch 2004 share option scheme

  • 1.


    • 1.1

      Name: The name of this scheme is the Pumpkin Patch 2004 Share Option Scheme.

    • 1.2

      Purpose: The Scheme is intended to create incentives for, and enable the Company and its Subsidiaries

to attract and/or retain, key persons connected to the Company and its Subsidiaries, by conferring on them a right to participate in the equity of the Company.


Defined Terms: Further definitions specific to this Scheme are set out in clause 8.

  • 2.

    Offer of Options

    • 2.1

      Content of Offer: The Company may make an offer of Options to an Eligible Person. Each offer shall:

      • 2.1.1

        be in writing;

      • 2.1.2

        enclose details of the Scheme;

      • 2.1.3

        specify the number of Options to be granted to the Eligible Person;

      • 2.1.4

        specify the Exercise Period or Exercise Periods for exercise of the Options, including tranches (if any) of the Options;

      • 2.1.5

        specify the conditions (if any) which must be satisfied before the Options may be exercised;

      • 2.1.6

        specify the Exercise Price or Exercise Prices for exercise of the Options;

      • 2.1.7

        specify the minimum number or multiple of a number of Options for exercise of the Options;

      • 2.1.8

        specify the date by which the offer of Options must be accepted; and

      • 2.1.9

        provide a form of Option Certificate setting out certain of the details referred to above.

    • 2.2

      Maximum Number: The maximum number of Options to be offered to any Eligible Person under the

Scheme in any 12 month period shall be determined by the Company.

  • 3.

    Acceptance of Offer of Options

    • 3.1

      Response: An Eligible Person who wishes to accept an offer of Options must return to the Company a completed acceptance of the letter of offer and completed Scheme Member Undertaking, by 5.00pm on the 12th Business Day following the date of the offer or such later date as the Company advises in writing.

    • 3.2

      Acknowledgement: In accepting an offer of Options, an Eligible Person acknowledges that:

      • 3.2.1

        the terms of the Scheme are binding on him or her; and

      • 3.2.2

        participation in the Scheme does not affect the terms of the Eligible Person’s employment (if any) or prospective employment (if any). In no event shall the Company be deemed, by making an offer of Options, to have represented that any employment or prospective employment shall continue until, during and/or beyond the Exercise Period.

    • 3.3

      Grant: On receipt of acceptance of an offer of Options from an Eligible Person the Company shall grant Options, and send an Option Certificate, as soon as practicable to the Scheme Member.


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