[insert name of company adopting the SIP] (the Company)—[insert Company number]

Minutes of a meeting of the [Remuneration committee of the ] board of Directors of the Company held at [insert place of meeting] on [insert date of meeting] at [insert time of meeting].

1. 1. 1

      Notice and quorum

      [insert name of Chair] was appointed Chair of the meeting. It was reported that proper notice of the meeting had been given in accordance with the Company's articles of association (the Articles) and that a quorum was present. Accordingly, the Chair declared the meeting open.

   1. 2

      Purpose of meeting

      The Chair reported that the purpose of the meeting was to consider and, if thought fit, approve:

      1. 2.1

         the Adoption of the [insert name of SIP] (SIP);

      1. 2.2

         the establishment of a trust in connection with the SIP (the Trust); and