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3.1.2.3 Any other employment level in the Company deemed of strategic importance by the Board and
Remuneration Committee
3.1.3 Shares are only to be awarded to employees that are working towards the Group’s overall goals and allocation
and participation in the scheme will only be permitted to those employees who have no shareholding in any of
the Company’s subsidiaries.
3.1.4 The Remuneration Committee may, in its discretion, call upon any company as part of the Group to make
recommendations as to which of its respective employees it wishes to incentivise, retain the services of or
attract the services of, by making a Share Award to such employee. Non-executive directors are not eligible
for participation.
3.1.5 To identify eligible participants from the employment category levels mentioned above, the Board and
Remuneration Committee will consider a range of criteria aligned to achieve a combination of the following
outcomes to attract, motivate, engage and retain a group of participants that will fall within the ambit of the
following sub-categories (which is solely subject to the Board and Remuneration Committee’s discretion):
3.1.5.1 talented employees;
3.1.5.2 performing employees;
3.1.5.3 professionals with critical, core and scarce skills;
3.1.5.4 professionals identified as succession candidates for leadership roles; and
3.1.5.5 designated groups in the context of employment equity standards.
3.2 AWARDS
3.2.1 Shares will be awarded in the form of Share Awards (which may include bonus shares solely within the Board
and Remuneration Committee’s discretion).
3.2.2 Share Awards are subject to continued employment over the retention period.
3.3 SHARE AWARDS
3.3.1 The number of Share Awards to be allocated to an eligible employee will primarily be based on the identified
employee’s annual salary, grade, performance, retention and attraction requirements and market benchmarks.
3.3.2 The number of Share Awards will be recommended by the Remuneration Committee at the time that Share
Awards are granted per an award letter. The Remuneration Committee will take into account the particular
circumstances at that time. Annual Share Awards will be benchmarked and set to a market-related level of
remuneration, while considering the overall affordability thereof to the Company.
3.3.3 Once selected and approved by the Board, eligible employees will be notified in writing (per award letter) of
their selection to the Plan. Continued participation is, however, not guaranteed.
3.3.4 An award letter will be remitted by the Board to the identified eligible employees.
3.3.5 The Share Awards for different eligible categories of employees will be aligned to the respective reward
strategy per category of employment and as determined by the Board and recommended by Remuneration
Committee from time to time. However, for purpose of nominating and selecting eligible employees and
determining his/her performance and leadership skills, it should be noted that the approaches, criteria,
assessments, performance data and key performance indicators considered will be within the Remuneration
Committee’s and Board’s discretion and are therefore not elaborated on, as different strategies and approaches
would be followed for the different categories of employees.
3.3.6 The Company recognises the importance of potential as a core essential to identify talent of individual
employees, and should be seen in the context of the individual employee’s ability to:
3.3.6.1 operate at a higher or complex level;
3.3.6.2 have the right attitude; and
3.3.6.3 aspire to achieve at a higher level.