Singapore Airlines 2009 Annual Report Download - page 73

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5 Options on Shares in the Company (continued)
(i) Employee Share Option Plan (continued)
Under the Employee Share Option Scheme, options will vest two years after the date of grant.
Under the Senior Executive Share Option Scheme, options will vest:
(a) one year after the date of grant for 25% of the ordinary shares subject to the options;
(b) two years after the date of grant for an additional 25% of the ordinary shares subject to the options;
(c) three years after the date of grant for an additional 25% of the ordinary shares subject to the
options; and
(d) four years after the date of grant for the remaining 25% of the ordinary shares subject to the options.
At the date of this report, the Board Compensation & Industrial Relations Committee which administers
the Plan comprises the following directors:
Stephen Lee Ching Yen – Chairman
David Michael Gonski
James Koh Cher Siang
Sir Brian Pitman
No options have been granted to controlling shareholders or their associates, or parent group employees.
No employee has received 5% or more of the total number of options available under the Plan.
The options granted by the Company do not entitle the holders of the options, by virtue of such
holding, to any rights to participate in any share issue of any other company.
During the fi nancial year, in consideration of the payment of $1.00 for each offer accepted, offers of
options were granted pursuant to the Plan in respect of 12,836,062 unissued shares in the Company
at an exercise price of $14.83 per share.