Yinson Annual Report 2021

183 ANNUAL REPORT 2021 Employees’ Long-term Incentive Plan (continued) Under the LTIP, awards to eligible employees and an executive director of the Group can be made either through the Share Award Scheme (award of ordinary shares in the Company (“Yinson Shares”)) or Performance Bonus Scheme (bonus payout in cash). The Share Award Scheme component under the LTIP (which is under the ESS) shall expire on 2 November 2025. Pursuant to Clause 21.1 of the by-laws of the ESS, the ESS Committee may, in its sole discretion, settle any unvested Yinson Shares by way of equity settlement or cash settlement prior to the termination of the ESS or expiry of the LTIP. Any unvested Yinson Shares shall automatically lapse and cease to be capable of vesting in the event the ESS expires or terminates in accordance with the terms of the By-Laws. During the financial year ended 31 January 2021, there were no awards granted to the eligible employees and executive director of the Group. The salient features and other terms of the LTIP are disclosed in Note 29(b) to the financial statements. Directors The Directors in office during the financial year and during the period from the end of the financial year to the date of this report are: Lim Han Weng Lim Chern Yuan Bah Kim Lian Lim Han Joeh Dato' Wee Hoe Soon @ Gooi Hoe Soon Dato' Mohamad Nasir bin AB Latif Raja Datuk Zaharaton binti Raja Zainal Abidin Datuk Abdullah bin Karim Rohaya binti Mohammad Yusof Sharifah Munira bt. Syed Zaid Albar The names of Directors of subsidiaries are set out in the respective subsidiaries’ financial statements, where applicable, and the said information is deemed incorporated herein by such reference and made a part hereof. Directors' benefits Neither during nor at the end of the financial year was the Company or any of its subsidiaries a party to any arrangements whose objects was to enable the Directors to acquire benefits by means of the acquisition of shares in, or debentures of, the Company or any other body corporate other than share options granted under the ESS. Since the end of the previous financial year, no Director has received or become entitled to receive a benefit (other than benefits included in the aggregate amount of remuneration received or due and receivable by the Directors as shown in Note 11 to the financial statements) by reason of a contract made by the Company or a related corporation with the Director or with a firm of which the Director is a member, or with a company in which the Director has a substantial financial interest, except as disclosed in Note 38 to the financial statements. Directors' and officers' indemnity and insurance costs Details of Directors' and officers' indemnity and insurance costs are set out in Note 11 to the financial statements. Directors' remuneration Details of Directors' remuneration are set out in Note 11 to the financial statements. DIRECTORS' REPORT (CONT’D)