(1)In this section -

'basic pay rate', in relation to a qualifying employee of a qualifying company, or a qualifying subsidiary as the case may be, means the employee's emoluments (other than non-pecuniary emoluments) per hour from the company in respect of an employment held with the company;

'employment relevant number' means the total number of qualifying employees in receipt of emoluments from the qualifying company, or a qualifying subsidiary as the case may be, in the year of assessment in which, in relation to a subscription for eligible shares, a subsequent period ends;

'employment threshold number' means the total number of qualifying employees in receipt of emoluments from the qualifying company, or a qualifying subsidiary as the case may be, in the year of assessment preceding the year of assessment in which the subscription for eligible shares was made;