Peachtree 2013 Annual Report Download - page 89

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All-employee share scheme (audited information)
In relation to the SAYE Scheme, the outstanding options granted to each director of the Company are as follows:
Director
Exercise price
per share
Shares under
option at
1 October
2012
number
Granted
during
the year
number
Exercised
during
the year
number
Lapsed
during
the year
number
Shares under
option at
30 September
2013
number
Date
exercisable
P S Harrison 201.00p 4,477 – – (4,477) –1 August 2015 – 31 January 2016
Total 4,477 – – (4,477) –
Notes:
– These options are not subject to performance conditions since these do not apply to this type of all-employee share scheme.
– P S Harrison ceased to be a director on 16 August 2013.
External appointments
Executive directors are permitted, where appropriate and with Board approval, to take non-executive directorships with other organisations in order to
broaden their knowledge and experience in other markets and countries. Fees received by the directors in their capacity as directors of these
companies are retained, reflecting the personal responsibility they undertake in these roles. Mr G S Berruyer is a Non-executive Director of Meggit plc.
For the year under review, fees in respect of this Non-executive Directorship were £50,745.
The Board recognises the significant demands that are made on executive and non-executive directors and has therefore adopted a policy that no
executive director should hold more than two directorships of other listed companies. The Board encourages executive directors to limit other
directorships to one listed company. Except in exceptional circumstances where approved in advance by the Chairman of the Committee, if an executive
director holds non-executive positions at more than one listed company then only the fees from one such company will be retained by the director.
No formal limit on other board appointments applies to non-executive directors under the policy but prior approval (not to be unreasonably withheld) from
the Chairman on behalf of the Board is required in the case of any new appointment. In the case of the Chairman, prior approval of the Nomination
Committee is required on behalf of the Board.
There are limits on the number of newly issued and treasury shares that can be used to satisfy awards under the Group’s employee share schemes
in any 10-year period. The limits and the Group’s current position against those limits as at 28 November 2013 (the last practicable date prior to
publication of this document), are set out below:
Limit Current Position
7.5% of Group’s share capital can be used for discretionary share schemes 4.63%
10% of Group’s share capital can be used for all share schemes 5.39%
The Company has previously satisfied all awards under the Performance Share Plan through the market purchase of shares or transfer of treasury
shares and will continue to consider which is the most appropriate approach, based on the relevant factors at the time.
Unexpired term of contract table
Director Date of contract
Unexpired term of contract on
30 September 2013, or on
date of contract if later Notice period under contract
Executive Directors
G S Berruyer 1 October 2010 12 months 12 months from the Company and/or individual
P S Harrison 1 April 2000 0 months 12 months from the Company and/or individual
Non-executive Directors
N Berkett 5 July 2013 2.5 years 6 months from the Company and/or 1 month from individual
D H Brydon 6 July 2012 4 years 6 months from the Company and/or individual
J Howell 15 May 2013 2.5 years 6 months from the Company and/or 1 month from individual
T Ingram 25 November 2010 0 years 6 months from the Company and/or 1 month from individual
R Markland 13 September 2012 2 years 6 months from the Company and/or 1 month from individual
I Mason 30 September 2010 0 years 6 months from the Company and/or 1 month from individual
M E Rolfe 25 November 2010 0 years 6 months from the Company and/or 1 month from individual
Notes:
– P S Harrison ceased to be a director on 16 August 2013 and his contract of employment ended on that date.
– T Ingram ceased to be a director on 31 July 2013 and her contract for services ended on that date.
– J Harlow ceased to be a director on 4 September 2013 and her contract for services ended on that date.
– I Mason and M E Rolfe ceased to be directors on 30 November 2013 and their contracts for services ended on that date.
87The Sage Group plc | Annual Report & Accounts 2013
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