Sch 5 para 11 Meaning of “long term incentive scheme”
(1) In this Schedule “ long term incentive scheme ” means an agreement or arrangement— (a) under which money or other assets may become receivable by a director, and (b) which includes one or more qualifying conditions with respect to service or performance which cannot be fulfilled within a single financial year. (2) For this purpose the following must be disregarded— (a) bonuses the amount of which falls to be determined by reference to service or performance within a single financial year; (b) compensation for loss of office, payments for breach of contract and other termination payments; and (c) retirement benefits.