CALCULATION OF SGR OF COMPARATOR GROUP Sample Clauses

CALCULATION OF SGR OF COMPARATOR GROUP. (a) On the Date of Grant, the shareholders shall be assumed to have purchased one share (the "Notional Shareholding") in each member of the Comparator Group. The performance of each share shall be calculated over the Period from the Date of Grant until the date of exercise. On the Date of Grant, a shareholder in the Company shall be assumed to have purchased one Share in the Company. (b) The purchase price of the Company's Share for this purpose shall be the Exercise Price. (c) On the date of exercise an average shall be taken of the daily prices of the shares of each of the constituents of the Comparator Group and the Share during the 30 calendar day period ending on that date and such amount shall be deemed to be the sale price of a share for each company in the Comparator Group and the Company. (d) SGR for each company comprised in the Comparator Group and the Company will be calculated according to the formula: -9- 11 End Value - Start Value ----------------------- Start Value where Start Value is the value of each company in the Comparator Group (including the Company) at the Date of Grant; and End Value is the value of each company in the Comparator Group (including the Company) at the date of exercise. and expressed as a percentage.
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