Sir Terry Leahy, chief executive of Tesco, could receive £11.5m in shares if the retailer's US venture Fresh & Easy is a success.

As part of a New Business Incentive Plan, which only applies to Sir Terry, the CEO could receive 2.5m shares within four to seven years.

Tim Mason, who heads Tesco's US operations, could also receive bonuses if he is entered into the scheme.

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