Air Companies (Amendment) Act, 1993

Profit sharing schemes.

5.—(1) The Holding Company may, subject to subsection (2), issue shares from time to time as part of one or more employee profit sharing schemes subject to such terms and conditions as may be approved by the Minister with the consent of the Minister for Finance.

(2) The aggregate amount of shares of the Holding Company standing issued at any time as part of one or more than one profit sharing scheme shall not exceed 5 per cent. of the total issued share capital of the Holding Company.