1.   Earnings figures exclude share options and pension contributions.

2.   Firstly, gains from share options in the final year of employment were no longer allowed in the calculation of final salary.

3.   Furthermore, the actual price of the shares only has to be paid upon exercising the share option.

4.   Macmillan was fortunate to have been granted a significant number of share options in his employer.

5.   Most of this sum was earned through the exercising of share options arising from the merger.

6.   The accounts also provide details of the gains so far on executive share options in the merged company.

7.   The current tax regime encouraged pensions, share options and subsidised meals, but discouraged company loans, cars and petrol.

8.   They sold low-price share options - and pocketed huge profits as City prices soared.

9.   The Remuneration Committee determines the remuneration of the executive directors of the Company and the basis of allocation of share options among directors and senior employees.

10.   An unusually large proportion of workers in the Valley receives share options as well as salaries.