SCHEDULE 5INFORMATION ABOUT BENEFITS OF DIRECTORS

PART 3SUPPLEMENTARY PROVISIONS

Meaning of “remuneration”9

1

In this Schedule “remuneration” of a director includes—

a

salary, fees and bonuses, sums paid by way of expenses allowance (so far as they are chargeable to United Kingdom income tax), and

b

subject to sub-paragraph (2), the estimated money value of any other benefits received by the director otherwise than in cash.

2

The expression does not include—

a

the value of any share options granted to the director or the amount of any gains made on the exercise of any such options,

b

any company contributions paid, or treated as paid, under any pension scheme or any benefits to which the director is entitled under any such scheme, or

c

any money or other assets paid to or received or receivable by the director under any long term incentive scheme.