March 2004. An Option Agreement signed in the place provided at the end hereof should be delivered to the Secretary of the Company no later than fourteen days following delivery of this Option Agreement to you. Unless otherwise defined herein, capitalized terms used herein shall have the meaning ascribed to them in the Plan. The decision to grant you the Options has been made as an integral part of the Company's policy to employ and retain persons who are valuable to the Company and to its subsidiaries, to encourage the sense of proprietorship as well as to create an active interest in the development and financial success of the Company and its subsidiaries. The Options are Non Qualified Stock Options. The Options are granted pursuant to the Plan and are in all respects governed by the Plan and subject to all terms and conditions as detailed in the Plan. A copy of the Plan is attached hereto as Appendix A. This Option Agreement highlights certain elements of the Plan but in the event there is any inconsistency between the provisions of this agreement and the Plan, the provisions of the Plan shall prevail. Should you require any further assistance please do not hesitate to contact Xx. Xxxxxxx Xxxxxxxxxx. The Number of Options --------------------- You are granted XXX Options to purchase up to XXX Shares. The Exercise Price ------------------
March 2004. 8,034,440.40 March 2007............. 0.57
March 2004. Parties The grant of the Option Conditions precedent
March 2004. For accounting periods ending after 16 March 2004 in the case of either sale and finance leaseback or lease and finance leaseback, section 228D CAA 2001 acted to recompute the lessor’s profits. In a sale and finance leaseback for the purposes of capital allowances the lessor’s qualifying expenditure was limited by section 224 CAA 2001 to the restricted disposal value of the seller, determined in accordance with section 222 CAA 2001. As this may have been less than the price that the lessor actually paid, where appropriate an adjustment was made to the corresponding income received under that lease. To take account of the lessor’s restricted qualifying expenditure, the permitted profit threshold was calculated, and the amounts received under the sale and finance leaseback that were above the permitted threshold were left out of account, section 228D(3) CAA 2001. For example, if the permitted threshold is £8,000 and the lessor receives rents of £10,000 then £2,000 of the £10,000 is not taxed The permitted threshold was (a) the gross earnings, plus (b) the allowable proportion of the capital expenditure as defined in section 228D(4) CAA 2001. The gross earnings were the amount shown in the lessor’s accounts as the gross earnings under the leaseback, section 228D(5) CAA 2001. The allowable proportion of the capital repayment was the expenditure qualifying for capital allowances spread over the length of the lease, given by the formula in section 228D(6) CAA 2001: Investment reduction for period was the amount shown in the lessor’s accounts in respect of the reduction of net investment in the leaseback. Net investment was the amount shown in the lessor’s accounts as the lessor’s net investment in the leaseback at the beginning of its term. In a lease and finance leaseback there is no capital repayment and so the permitted threshold was the gross earnings in the lessor’s accounts.
March 2004. If the lessee is a lessee by way of an assignment made before 17 March 2004 these rules do not apply and the lessor is taxable on the gross rents received. Section 228D CAA 2001 was repealed for transactions entered into on or after 9 October 2007 Normally when a lessor sells an asset the disposal proceeds brought to account cannot be more than the qualifying expenditure section 62 CAA 2001. In a sale and finance leaseback case the qualifying expenditure is restricted to the lower of market value and notional written down value. So both the amount that the lessor spent on the asset and its selling price may be more than the qualifying expenditure. When a leaseback terminates, the lessor may sell the plant and machinery that had been subject to the lease. Depending on the disposal proceeds, this may then result (subject to the terms of the lease) in a refund of some of the rentals paid by the lessee. For terminations on or after 17 March 2004 section 228E CAA 2001 applied to limit the deductions due to the lessor for the refund of rentals to the lessee. Section 228E CAA 2001 was applicable to where: the leaseback terminates, the lessor disposed of the plant and machinery and the amount of the disposal value required to be brought into account was restricted by section 62 CAA 2001. As the refund of rentals was based on the sale price rather than the disposal value brought to account so the deduction for the refund was based on that disposal value rather than the sale price. If the lessor’s disposal value was restricted by section 62 CAA 2001 then the refund of rentals could only be deducted in computing income to the extent it was not more than the disposal value brought to account in the capital allowance computation. Xxxxxx sold an asset to Xxxxxx for £20,000 and leased it back over 10 years for £2,000 a year. When Xxxxxx sold the asset to Xxxxxx his disposal value has been restricted by section 222 CAA 2001 to £1,000. This means that Xxxxxx’x qualifying expenditure was £1,000. Xxxxxx terminates the lease after two years and Xxxxxx xxxxx the asset for £18,500. Xxxxxx has to pay a termination charge of £16,000, which represents the outstanding lease rentals. Xxxxxx then gives Xxxxxx £18,000 as a refund of rentals. As Xxxxxx’x disposal value is restricted to £1,000, he can only deduct (via section 228E CAA 2001) £1,000 of the £18,000 in computing his profits for tax purposes. Section 228E CAA 2001 was repealed for transactions entered into on or after ...
March 2004. 80.97448292 June 2010 ....... 29.
March 2004. 2.28 -77- June 2004 2.21 September 2004 2.01
March 2004. Retrieved 1 July 2010. ^ "It's time to trade in, and trade up, the outdated ANZUS treaty – On Line Opinion – 15/4/2004". On Line Opinion. Retrieved 1 July 2010. ^ U.S. and Australia Sign Missile Defense Agreement – AUSMIN 2004 Archived 14 March 2009 at the Wayback Machine ^ "Australia to Join US Missile Defence Program". Xxxxxxxxxxxxxxx.xxx.xx. 4 December 2003. Archived from the original on 18 December 2006. Retrieved 1 July 2010. ^ Xxxxx Xxxxxxx (22 March 2007). "Better relations on the menu as Xxxx PM dines with Xxxx". The Australian. Archived from the original on 2 December 2008. Retrieved 24 September 2008.
March 2004. Most submissions received by the Council during the three-phase consultation process were from either leaseholders or tangata whenua. The Council considered the 2004 report and the options set out in the report at its meeting on 30 March 2004. The meeting was again well attended, with over 200 people in attendance and deputations received from tangata whenua and leaseholders. Following the deputations and consideration of the report all Councillors spoke to the 2004 report and its recommendations. Councillors’ speeches again reflected their appreciation of the need to balance their responsibilities to leaseholders, tangata whenua and the Waitara community as a whole. The Council minutes dated 30 March 2004, record that the main concerns of the Council in reaching its decision on that day (“the 2004 decision”) was to achieve a comprehensive solution to an issue that had caused long standing social disharmony within the community by: The Council then resolved to offer a large portion of the ‘land’ to the Crown for inclusion in its settlement of historic Treaty of Waitangi claims by Te Atiawa but that such an offer would be on the following terms:
March 2004. Those employed by the Council on 31 March 2004 and continuing in employment in the same job on or after 1 April 2004 will be assimilated into the new pay structure on 1 April 2004.
