Unit based employee benefit scheme: must be an employee unit option and implemented via separate employee benefit trust. A unit based employee benefit scheme must be an employee unit option scheme, shall not result in any additional cost to the REIT, its HoldCo or SPV, and must be implemented through a separate employee benefit trust created by the manager; the trust deed must contain the provisions specified in Part A of Schedule X.
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Provisions expressly mentioned in the judgment/order text.
Unit based employee benefit scheme: must be an employee unit option and implemented via separate employee benefit trust.
A unit based employee benefit scheme must be an employee unit option scheme, shall not result in any additional cost to the REIT, its HoldCo or SPV, and must be implemented through a separate employee benefit trust created by the manager; the trust deed must contain the provisions specified in Part A of Schedule X.
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