Accrual Rate Compensatory time for employees will accrue at the rate of one and one-half hours for each one hour of overtime worked.
ANNUAL CAPS The maximum aggregate annual amount of revenue under the framework purchase and sale agreement for the years ending 31 December 2010, 2011 and 2012 shall not exceed the caps set out below: 2010 2011(US$ millions) 2012 Total revenue 20.49 30.74 46.11 The percentage ratios of the above caps as total revenue of the Group for the year ended 31 December 2009 are 6.70%, 10.05% and 15.08%, respectively. The percentage ratios of the above caps as total cost of sales of the Group for the year ended 31 December 2009 are 9.24%, 13.86% and 20.79%, respectively. In arriving at the above annual caps, our Directors have considered the historical figures, the expansion of our production capacity and the market prices of the semi-finished lamps. ▇▇▇▇▇▇ sought for Continuing Connected Transactions Exempt from the Independent Shareholders’ Approval Requirements (“Category A Transactions”) Following the completion of the Global Offering, certain of our continuing connected transactions will be subject to the reporting, announcement requirements, but exempt from the independent shareholders’ approval requirements under Chapter 14A of the Listing Rules. Our Category A Transactions are summarized in the table below: Applicable Nature of transactions and Listing Rule and parties involved 2010 2011 2012 Waiver Sought 1 Framework trademark licensing agreement between the Company and ▇▇. ▇▇’▇ associates (namely ▇▇▇▇▇ ▇▇ ▇▇ ▇▇, Shandong NVC and ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇) These caps are equivalent to the forecast figures for the three years ending 31 December 2010, 2011 and 2012 for transactions contemplated under the framework trademark licensing agreement. announcement requirements 2 Framework distribution management agreement between the Company and ▇▇. ▇▇’▇ associate (namely ▇▇▇▇▇ ▇▇ ▇▇ ▇▇ and Shandong NVC) These caps are equivalent to the forecast figures for the three years ending 31 December 2010, 2011 and 2012 for transactions contemplated under the framework distribution management agreement. announcement requirements 3 Raw material purchase agreement with ▇▇▇▇▇ ▇▇▇ Hardware, ▇▇. ▇▇’▇ associate These caps are equivalent to the forecast figures for the three years ending 31 December 2010, 2011 and 2012 for transactions contemplated under the framework research and development agreement. announcement requirements 4 Framework property lease agreement with ▇▇. ▇▇ Jiannong’s associates (namely Zhejiang NVC and Jiangshan Youhe) These caps are equivalent to the forecast figures for the three years ending 31 December 2010, 2011 and 2012 for transactions contemplated under the framework transportation service agreement. announcement requirements Applicable Nature of transactions and parties involved Yea 2010 r ending 31 Decemb2011 er 2012 Listing Rule and Waiver Sought
Accrual Rates All eligible employees shall accrue vacation pay according to the following rates: