Vodafone 1998 Annual Report Download - page 22

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Annual Reports and Accounts 1998 - Directos Information - Report of the Remuneratrion Committee
Notes
1. The pension benefits earned by the directors are those which would be paid annually on retirement, on service to the end of the year, at the
normal retirement age. Salaries have been averaged over 3 years in accordance with Inland Revenue regulations. The increase in accrued
pension during the year excludes any increase for inflation. The transfer value has been calculated on the basis of actuarial advice in
accordance with the Faculty and Institute of Actuaries' Guidance Note GN11. No director elected to pay Additional Voluntary Contributions.
2. Pension benefits for E J Peett are for the period to 31 October 1997 when he retired from the Board. On that date his accrued pension
entitlement was £195,000.
Share options
The following information summarises the directors' options under the Vodafone Group Savings Related Share Option
Scheme ('savings related scheme'), the Vodafone Group Executive Share Option Scheme ('executive scheme'), both Inland
Revenue approved schemes, and the Vodafone Group Share Option Scheme ('unapproved scheme'), which is not Inland
Revenue approved(1). Sir Ernest Harrison, Sir William Barlow, Professor Sir Alec Broers, Sir Robert Clark, Lord MacLaurin,
Sir David Scholey and Sir Gerald Whent may have no options under any of these schemes. The Remuneration Committee
has resolved that, except under the savings related scheme, no shares will be offered at a discount in future grants of options.
Weighted
Options Options average
Options granted exercised Options exercise
held at during during held at price at Date from Latest
1 April
1997
the year to
31 March 1998
the year to 31
March 1998
31 March
1998
31 March
1998 (£)
which
exercisable
expiry
date
C C Gent 716,111 196,475 Nil 912,586 2.09 7/96 7/05
D Channing Williams 410,944 116,075 152,400 374,619 2.48 7/98 7/05
J M Horn-Smith 578,044 253,775 361,800 470,019 2.48 7/97 7/05
K J Hydon 325,429 211,675 Nil 537,104 2.32 7/96 7/05
Sir Gerald Whent(2) 1,283,500 Nil 1,283,500 Nil --
3,314,028 778,000 1,797,700 2,294,328
These options by exercise price were:
Options Options Options
Option Options granted exercised held at
price held at during during 31 March
(p) 1 April 1997 the year the year 1998
Executive scheme and
unapproved scheme
86.7 144,600 -- 144,600 --
101.7 601,500 -- 601,500 --
107.0 462,300 -- 462,300 --
118.0 3,300 -- 3,300 --
124.7 37,200 -- 12,000 25,200
125.7 76,500 -- 76,500 --
138.7 86,100 -- 86,100 --
141.7 11,700 -- 10,200 1,500
146.3 198,300 -- 122,700 75,600
http://www.vodafone.com/download/investor/reports/annual98/directorsinfo/remuneration.html (4 of 7)29/03/2007 23:06:30