STANDARD FORM OF
SENIOR OFFICER PERFORMANCE EQUITY AWARD
RESTRICTED SHARE UNIT AGREEMENT
Terms and Conditions
Grant of RSUs.
The Company hereby grants the number of restricted share units (RSUs) set forth in the Essential Grant Terms (as defined
below) to the Participant set forth in the Essential Grant Terms, on the terms and conditions hereinafter set forth. This grant is made pursuant to the terms of the Accenture plc 2010 Share Incentive Plan (the Plan), which Plan, as
amended from time to time, is incorporated herein by reference and made a part of this Restricted Share Unit Agreement. Each RSU represents the unfunded, unsecured right of the Participant to receive a Share on the date(s) specified herein, subject
to the conditions specified herein. Capitalized terms not otherwise defined herein shall have the same meanings ascribed to them in the Plan.
This grant of RSUs is subject to the Senior Officer Performance Equity Award Restricted Share Unit Agreement Essential Grant Terms (the Essential Grant Terms) attached hereto and the Standard
Form of Senior Officer Performance Equity Award Restricted Share Unit Agreement Terms and Conditions which together constitute the Senior Officer Performance Equity Award Restricted Share Unit Agreement (the Agreement).
Subject to the Participants continued employment with the Company or any of its Affiliates (collectively, the Constituent Companies), the RSUs shall vest pursuant to the vesting schedule
set forth in the Essential Grant Terms (as modified by this Agreement) until such RSUs are 100% vested. Upon the Participants termination of employment for any reason, any unvested RSUs shall immediately terminate, and no further Shares shall
be issued or transferred under Section 3 of this Agreement in respect of such unvested RSUs; provided, however, that if (i) the Participants employment with the Constituent Companies terminates due to the
Participants death or Disability, the RSUs granted hereunder shall vest with respect to 100% of the RSUs held by the Participant on the date of such termination of employment, or (ii) the Participants employment with the Constituent
Companies terminates due to an Involuntary Termination, a number of RSUs granted hereunder shall vest on the date of such Involuntary Termination equal to the total number of RSUs granted hereunder multiplied by a fraction, the numerator of which is
the whole number of months that have elapsed after the date of grant of this Agreement through the date of such Involuntary Termination and the denominator of which is
[ number of months ], less the number (if any) of RSUs which vested before the date of such
(b) For purposes of this Agreement:
(i) Cause shall have the meaning set forth in Section 3(c) below.
(ii) Disability shall have the meaning set forth in Section 3(b) below or, if applicable, Section 21(a) below.
(iii) Involuntary Termination shall mean termination of employment with the Constituent Companies (other than for
Cause) which is not voluntary and which is acknowledged as being involuntary in writing by an authorized officer of the Company.
Form and Timing of Issuance or Transfer.
In General. The Company
shall issue or cause there to be transferred to the Participant that number of Shares as set forth in the Essential Grant Terms, until all of the Shares underlying the vested RSUs have
been issued or transferred; provided that on each such delivery date, a number of RSUs equal to the number of Shares issued or transferred to the Participant shall be extinguished;
provided, further, however, that upon the issuance or transfer of Shares to the Participant, in lieu of a fractional Share, the Participant shall receive a cash payment equal to the Fair Market Value of such fractional Share. At
the discretion of the Company, the Company may issue or transfer Shares underlying vested RSUs to the Participant earlier than the dates set forth in the Essential Grant Terms to the extent required to satisfy tax liabilities arising in connection
with this RSU grant. Notwithstanding the foregoing, if the conditions set forth in Section 21 of this Agreement are satisfied, Section 21 shall supersede the foregoing.
Death or Disability. Notwithstanding Section 3(a) of this Agreement, if the Participants employment with the
Constituent Companies terminates due to the Participants death or Disability, the Company shall issue or cause to be transferred to the Participant or to his or her estate, as the case may be, a number of Shares equal to the aggregate number
of RSUs granted to the Participant hereunder (rounded down to the next whole Share) as soon as practicable following such termination of employment, at which time a number of RSUs equal to the number of Shares issued or transferred to the
Participant or to his or her estate shall be extinguished; provided, however, that upon the issuance or transfer of Shares to the Participant or to his or her estate, in lieu of a fractional Share, the Participant or his or her estate,
as the case may be, shall receive a cash payment equal to the Fair Market Value of such fractional Share.
For purposes of
this Agreement, unless Section 21 applies, Disability shall mean disability as defined (i) in any employment agreement then in effect between the Participant and the Company or any Affiliate or (ii) if not
defined therein, or if there shall be no such agreement, as defined in the long-term disability plan maintained by the Participants employer as in effect from time to time, or (iii) if there shall be no plan, the inability of the
Participant to perform in all material respects his or her duties and responsibilities to the Constituent Companies for a period of six (6) consecutive months or for an aggregate period of nine (9) months in any twenty-four
(24) consecutive month period by reason of a physical or mental incapacity.
Notwithstanding Sections 3(a) and 3(b) of
this Agreement, upon the Participants termination of employment with the Constituent Companies for Cause or to the extent that the Participant otherwise takes such action that would constitute Cause, to the extent legally permissible, any
outstanding RSUs shall immediately terminate. For purposes of this Agreement, Cause shall mean cause as defined in any employment or consultancy agreement (or similar agreement) or in any letter of appointment then in effect
between the Participant and the Company or any Affiliate or if not defined therein (it being the intent that the definition of Cause shall include, at a minimum, the acts set forth below), or if there shall be no such agreement, to the
extent legally permissible, (a) the Participants embezzlement, misappropriation of corporate funds, or other material acts of dishonesty, (b) the Participants commission or conviction of any felony, or of any misdemeanor
involving moral turpitude, or entry of a plea of guilty or nolo contendere to any felony or misdemeanor, (c) engagement in any activity that the Participant knows or should know could harm the business or reputation of the Company or an
Affiliate, (d) the Participants material failure to adhere to the Companys or an Affiliates corporate codes, policies or procedures as in effect from time to time, (e) the Participants continued failure to meet
minimum performance standards as determined by the Company or an Affiliate, (f) the Participants violation of any statutory, contractual, or common law duty or obligation to the Company or an Affiliate, including, without limitation, the
duty of loyalty, or (g) the Participants material breach of any confidentiality or non-competition covenant entered into between the Participant and the Company or an Affiliate, including, without limitation, the covenants contained in
this Agreement. The determination of the existence of Cause shall be made by the Company in good faith, which determination shall be conclusive for purposes of this Agreement.
Dividends. If on any date while RSUs are outstanding hereunder the Company shall pay any dividend on the Shares (other than a dividend payable in Shares), the number of RSUs granted to the
Participant shall, as of such dividend payment date, be increased by a number of RSUs equal to: (a) the product of (x) the number of RSUs held by the Participant as of the related dividend record date, multiplied by (y) the per Share
amount of any cash dividend (or, in the case of any dividend payable in whole or in part other than in cash, the per Share value of such dividend, as determined in good faith by the Committee), divided by (b) the Fair Market Value of a Share on
the payment date of such dividend. In the case of any dividend declared on Shares that is payable in the form of Shares, the number of RSUs granted to the Participant shall be increased by a number equal to the product of (I) the aggregate
number of RSUs held by the Participant through the related dividend record date, multiplied by (II) the number of Shares (including any fraction thereof) payable as a dividend on a Share.
Adjustments Upon Certain Events. In the event of any change in the outstanding Shares
by reason of any Share dividend or split, reorganization, recapitalization, merger, consolidation, amalgamation, spin-off or combination transaction or exchange of Shares or other similar events (collectively, an Adjustment Event), the
Committee may, in its sole discretion, adjust any Shares or RSUs subject to this Agreement to reflect such Adjustment Event.
Cancellation and Rescission of RSUs and Shares Underlying RSUs.
Upon any transfer or issuance of Shares underlying RSUs, the Participant shall certify in a manner acceptable to the Company that the
Participant is in compliance with the terms and conditions of this Agreement and the Plan.
(a) In the following
circumstances, the Company may require the Participant to, to the extent legally permitted, transfer to the Company up to a number of Shares equal to the number of Shares that have been issued or transferred under this Agreement (without regard to
whether the Participant continues to own or control such previously delivered Shares) and the Participant shall bear all costs of transfer, including any transfer taxes that may be payable in connection with such transfer:
(i) the Participants employment with the Constituent Companies is terminated for Cause, or
(ii) the Participant engages in any of the Restricted Activities defined in subsection (c) below.
(b) The Participant agrees that, in consideration of the value of and as a condition of receiving and maintaining the RSUs granted to the
Participant under this Agreement, the Participant shall not, for a period of twelve months following the termination of the Participants employment with the Constituent Companies engage in any Restricted Activities, which for purposes of this
Agreement include the following:
(i) associate (including, but not limited to, association as a sole
proprietor, owner, employer, partner, principal, investor, joint venturer, shareholder, associate, employee, member, consultant, contractor or otherwise) with any Competitive Enterprise or any of the affiliates, related entities, successors, or
assigns of any Competitive Enterprise; provided, however, that with respect to the equity of any Competitive Enterprise which is or becomes publicly traded, the Participants ownership as a passive investor of less than 1% of the
outstanding publicly traded stock of a Competitive Enterprise shall not be deemed a violation of this Section 6(c)(i);
(ii) directly or indirectly (A) solicit, or assist any other individual, person, firm or other entity in soliciting, any Client or Prospective Client for the purpose of performing or providing any
Consulting Services; or (B) perform or provide, or assist any other individual, person, firm or other entity in performing or providing, Consulting Services for any Client or Prospective Client; or (C) interfere with or damage (or attempt
to interfere with or damage) any relationship and/or agreement between the Company or any Affiliates and a Client or Prospective Client; or
(iii) directly or indirectly, solicit, employ or retain, or assist any other individual, person, firm or other entity in soliciting, employing or retaining, any employee or other agent of the Company or
an Affiliate, including, without limitation, any former employee or other agent of the Company, its Affiliates and/or their predecessors who ceased working for the Company, its Affiliates and/or their predecessors within an eighteen-month period
before or after the date on which the Participants employment with the Constituent Companies terminated.
of this Agreement:
(iv) Client shall mean any person, firm, corporation or other
organization whatsoever for whom the Company, its Affiliates and/or their predecessors provided services within a twelve-month period before the date on which the Participants employment with the Constituent Companies terminated, or about
which the Participant learned confidential information within the twelve months prior to the date on which the Participants employment with the Constituent Companies terminated.
(v) Competitive Enterprise shall mean a business enterprise that engages in, or owns or controls a significant
interest in any entity that engages in, the performance of services of the type provided by the Company, its Affiliates and/or their predecessors. Competitive Enterprise shall include, but not be limited to, the entities set forth on the
list maintained by the Company on the myHoldings website, which list may be updated by the Company from time to time.
(vi) Consulting Services shall mean the performance of any services of the type provided by the Company, its Affiliates and/or their predecessors at any time, past, present or future.
(vii) Prospective Client shall mean any person, firm, corporation, or other organization
whatsoever with whom the Company, its Affiliates and/or their predecessors had any negotiations or discussions regarding the possible performance of services by the Company or any of its Affiliates or any of their predecessors within the twelve
months prior to the date of the Participants termination of employment with the Constituent Companies.
(viii) solicit shall mean to have any direct or indirect communication of any kind whatsoever, regardless of
by whom initiated, inviting, advising, encouraging or requesting any person or entity, in any manner, to take or refrain from taking any action.
(c) If, during the twelve-month period following the termination of the Participants employment with the Constituent Companies, the Participant is presented with an opportunity that might involve
participation in any Restricted Activity under 6(c)(i) above, Participant shall notify the Company in writing of the nature of the opportunity (the Conflicting Activity). Following receipt of sufficient information concerning the
Conflicting Activity, the Company will advise Participant in writing whether the Company considers the Participants RSUs to be subject to Section 6(b)(ii) above. The Company retains sole discretion to determine whether Participants
RSUs are subject to Section 6(b)(ii) and to alter its determination should additional or different facts become known to the Company.
No Right to Continued Employment. Neither the Plan nor this Agreement shall be construed as giving the Participant the right to be retained in the employ of, or in any consulting relationship to,
the Company or any Affiliate. Further, the Company or an Affiliate may at any time dismiss the Participant from employment or discontinue any consulting relationship, free from any liability or any claim under the Plan or this Agreement, except as
otherwise expressly provided herein.
Data Protection. The Participant consents to the processing (including
international transfer) of personal data as set out in Appendix A for the purposes specified therein.
Agreements. As a condition to the issuance or transfer of the Shares underlying the RSUs granted hereunder, the Participant shall, to the degree reasonably required by the Company, (a) execute and return to the Company a counterpart of this
Agreement in accordance with the instructions provided by the Company and (b) either (i) execute and return an employment agreement, a consultancy agreement, a letter of appointment and/or an intellectual property agreement, in form and
substance satisfactory to the Company, or (ii) provide evidence satisfactory to the Company that the agreements referenced in clause (i) have been previously executed by the Participant.
No Acquired Rights. In participating in the Plan, the Participant acknowledges and accepts that the Board has the power to amend
or terminate the Plan at any time and that the opportunity given to the Participant to participate in the Plan is entirely at the discretion of the Committee and does not obligate the Company or any of its Affiliates to offer such participation in
the future (whether on the same or different terms). The Participant
further acknowledges and accepts that such Participants participation in the Plan is outside the terms of the Participants contract of employment with the Constituent Companies and is
therefore not to be considered part of any normal or expected compensation and that the termination of the Participants employment under any circumstances whatsoever will give the Participant no claim or right of action against the Company or
its Affiliates in respect of any loss of rights under this Agreement or the Plan that may arise as a result of such termination of employment.
No Rights of a Shareholder. The Participant shall not have any rights as a shareholder of the Company until the Shares in question have been registered in the Companys register of
Legend on Certificates. Any Shares issued or transferred to the Participant pursuant to Section 3
of this Agreement shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange
upon which such Shares are listed, any applicable Federal or state laws or relevant securities laws of the jurisdiction of the domicile of the Participant or to ensure compliance with any additional transfer restrictions that may be in effect from
time to time, and the Committee may cause a legend or legends to be put on any certificates representing such Shares to make appropriate reference to such restrictions.
Transferability Restrictions RSUs/Underlying Shares. RSUs may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Participant otherwise than by
will or by the laws of descent and distribution, and any purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance not permitted by this Section 13 shall be void and unenforceable against any Constituent Company. Any
Shares issued or transferred to the Participant shall be subject to compliance by the Participant with such policies as the Committee or the Company may deem advisable from time to time, including, without limitation, the policies relating to
certain minimum share ownership requirements. Such policies shall be binding upon the permitted respective legatees, legal representatives, successors and assigns of the Participant. The Company shall give notice of any such additional or modified
terms and restrictions applicable to Shares delivered or deliverable under the Agreement to the holder of the RSUs and/or the Shares so delivered, as appropriate, pursuant to the provisions of Section 14 or, if a valid address does not appear
to exist in the personnel records, to the last address known by the Company of such holder. Notice of any such changes may be provided electronically, including, without limitation, by publication of such changes to a central website to which any
holder of the RSUs or Shares issued therefrom has access.
Notices. Any notice to be given under this Agreement shall
be addressed to the Company in care of its General Counsel at:
161 N. Clark Street
Chicago, IL 60601
Telecopy: (312) 652-5619
Attn: General Counsel
different, the then current principal business address of the duly appointed General Counsel of the Company) and to the Participant at the address appearing in the personnel records of the Company for the Participant or to either party at such other
address as either party hereto may hereafter designate in writing to the other. Any such notice shall be deemed effective upon receipt thereof by the addressee.
Withholding. The Participant may be required to pay to the Company or any Affiliate and the Company or any Affiliate shall have the right and is hereby authorized to withhold from any issuance or
transfer due in connection with the RSUs under this Agreement or under the Plan or from any compensation or other amount otherwise payable to the Participant, applicable withholding taxes and social insurance contributions required to be withheld
with respect to the RSUs, this Agreement or any issuance or transfer under this Agreement or under the Plan and to take such action as may be necessary in the opinion of the Company to satisfy all obligations for the payment of such taxes and social
insurance contributions. The Participant further acknowledges and agrees that such amounts withheld may be at the statutory maximum withholding liability, and, in the event any amounts are determined to have been withheld in excess of actual amounts
owed as a result of such withholding, the Company
shall repay any excess amounts due to the employee within, where administratively feasible, thirty
(30) days of withholding. The Participant hereby acknowledges that he or she will not be entitled to any interest or appreciation on Shares sold to satisfy the tax withholding requirements (including with respect to any amounts withheld in
excess of the Participants tax liability). Notwithstanding the foregoing, if the Participants employment with the Constituent Companies terminates prior to the issuance or transfer of all of the Shares under this Agreement, the payment
of any applicable withholding taxes or social insurance contributions required to be withheld with respect to any further issuance or transfer of Shares under this Agreement or the Plan shall at the Companys discretion be made solely through
the sale of Shares equal to up to the statutory maximum withholding liability.
Choice of Law and Dispute Resolution
THE INTERPRETATION, PERFORMANCE AND ENFORCEMENT OF THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK
WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW.
Subject to paragraphs (c) through (g), any and all disputes which
cannot be settled amicably, including any ancillary claims of any party, arising out of, relating to or in connection with the validity, negotiation, execution, interpretation, performance or non-performance and/or termination of this Agreement and
any amendment thereto (including without limitation the validity, scope and enforceability of this arbitration provision) (each a Dispute) shall be finally settled by arbitration conducted by a single arbitrator in New York (or at such
other place of arbitration as the Compensation Committee of the Board of Directors of the Company, acting as Plan Administrator, or any successor plan administrator, may approve) in accordance with the then-existing Rules of Arbitration of the
International Chamber of Commerce (ICC), except that the parties may select an arbitrator who is a national of the same country as one of the parties. If the parties to the dispute fail to agree on the selection of an arbitrator within
thirty (30) days of the receipt of the request for arbitration, the ICC shall make the appointment. The arbitrator shall be a lawyer and shall conduct the proceedings in the English language.
Before the Company has filed a request for arbitration or a response under the Rules of Arbitration of the ICC (as the case may be), the
Company may by notice in writing to the Participant require that all Disputes or a specific Dispute be heard by any court of law in accordance with paragraph (f) and, for the purposes of this paragraph (c), each party expressly consents to the
application of paragraphs (d) and (e) to any such suit, action or proceeding. If, at the time that the Company gives notice in accordance with this paragraph (c), arbitration has already been commenced in connection with a Dispute, that
Dispute shall be withdrawn from arbitration.
Either party may bring an action or proceeding in any court of law for the
purpose of compelling a party to arbitrate, seeking temporary or preliminary relief in aid of an arbitration hereunder, and/or enforcing an arbitration award and/or in support of the arbitration as permitted by any applicable arbitration law and,
for the purposes of this paragraph (d), each party expressly consents to the application of paragraphs (f) and (g) to any such suit, action or proceeding.
Judgment on any award(s) rendered by the tribunal may be entered in any court having jurisdiction thereof.
(i) Each party hereby irrevocably submits to the non-exclusive jurisdiction of the Courts located in New York, United States for the purpose of any suit, action or proceeding brought in accordance with
the provisions of paragraphs (d) or (e). The parties acknowledge that the forum designated by this paragraph (f) has a reasonable relation to this Agreement, and to the parties relationship with one another.
(ii) The parties hereby waive, to the fullest extent permitted by applicable law, any objection which they now or hereafter may have to
personal jurisdiction or to the laying of venue of any suit, action or proceeding brought in any court referred to in paragraph (f) (i) pursuant to paragraphs (d) or (e) and such parties agree not to plead or claim the same.
The parties agree that if a suit, action or proceeding is brought under paragraphs
(d) or (e) proof shall not be required that monetary damages for breach of the provisions of this Agreement would be difficult to calculate and that remedies at law would be inadequate, and they irrevocably appoint the General Counsel of
the Company, c/o Accenture, 161 N. Clark Street, Chicago, IL 60601 (or, if different, the then-current principal business address of the duly appointed General Counsel of the Company) as such partys agent for service of process in connection
with any such action or proceeding and agree that service of process upon such agent, who shall promptly advise such party of any such service of process, shall be deemed in every respect effective service of process upon the party in any such
action or proceeding.
Severability. This Agreement shall be enforceable to the fullest extent allowed by law. In the
event that a court or appointed arbitrator holds any provision of this Agreement to be invalid or unenforceable, then, if allowed by law, that provision shall be reduced, modified or otherwise conformed to the relevant law, judgment or determination
to the degree necessary to render it valid and enforceable without affecting the rest of this Agreement. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be deemed severable from
the remainder of this Agreement, and the remaining provisions contained in this Agreement shall be construed to preserve to the maximum permissible extent the intent and purposes of this Agreement. Any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
RSUs Subject to
Plan. By entering into this Agreement, the Participant agrees and acknowledges that the Participant has received and read a copy of the Plan. All RSUs are subject to the Plan. In the event of a conflict between any term or provision contained
herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail.
Signature in Counterparts. This Agreement may be signed in counterparts, each of which shall be deemed an original, with the same
effect as if the signatures thereto and hereto were upon the same instrument.
Administration; Consent. In order to
manage compliance with the terms of this Agreement, Shares delivered pursuant to the Agreement may, at the sole discretion of the Company, be registered in the name of the nominee for the holder of the Shares and/or held in the custody of a
custodian until otherwise determined by the Company. To that end, by acceptance of this Agreement, the holder hereby appoints the Company, with full power of substitution and resubstitution, his or her true and lawful attorney-in-fact to assign,
endorse and register for transfer into such nominees name or deliver to such custodian any such Shares, granting to such attorneys, and each of them, full power and authority to do and perform each and every act and thing whatsoever that such
attorney or attorneys may deem necessary, advisable or appropriate to carry out fully the intent of this paragraph as such person might or could do personally. It is understood and agreed by each holder of the Shares delivered under the Agreement
that this appointment, empowerment and authorization may be exercised by the aforementioned persons with respect to all Shares delivered pursuant to the Agreement of such holder, and held of record by another person or entity, for the period
beginning on the date hereof and ending on the later of the date the Agreement is terminated and the date that is ten years following the last date Shares are delivered pursuant to this Agreement. The form of the custody agreement and the identity
of the custodian and/or nominee shall be as determined from time to time by the Company in its sole discretion. A holder of Shares delivered pursuant to the Agreement acknowledges and agrees that the Company may refuse to register the transfer of
and enter stop transfer orders against the transfer of such Shares except for transfers deemed by it in its sole discretion to be in compliance with the terms of this Agreement. Each holder of Shares delivered pursuant to the Agreement agrees to
execute such additional documents and take such other actions as may be deemed reasonably necessary or desirable by the Company to effect the provisions of the Agreement, as in effect from time to time. Each holder of Shares delivered pursuant to
the Agreement acknowledges and agrees that the Company may impose a legend on any document relating to or Shares issued or issuable pursuant to this Agreement conspicuously referencing the restrictions applicable to such Shares.
Section 409A - Disability, Deferral Elections, Payments to Specified Employees, and Interpretation of Grant Terms.
If the Participant is subject to income taxation on the income resulting from this Agreement under the laws of the United States, and the foregoing provisions of this Agreement would result in adverse tax consequences to the Participant, as
determined by the Company, under Section 409A of the U.S. Internal Revenue Code of 1986, as amended (the Code), then the following provisions shall apply and supersede the foregoing provisions:
Disability shall mean a disability within the meaning of
Section 409A(a)(2)(C) of the Code.
Deferral elections made by U.S. taxpayers are subject to Section 409A of the
Code. The Company will use commercially reasonable efforts to not permit RSUs to be deferred, accelerated, released, extended, paid out or modified in a manner that would result in the imposition of an additional tax under Section 409A of the
Code. In the event that it is reasonably determined by the Company that, as a result of Section 409A of the Code, payments or delivery of the Shares underlying the RSU award granted pursuant to this Agreement may not be made at the time
contemplated by the terms of the RSU award or your deferral election, as the case may be, without causing the Participant to be subject to taxation under Section 409A of the Code, the Company will make such payment or share delivery as soon as
practicable on or following the first day that would not result in your incurring any tax liability under Section 409A of the Code, and in any event, no later than the last day of the calendar year in which such first date occurs.
If the Participant is a specified employee (within the meaning of Section 409A(a)(2)(B)(i) of the Code), payments and
deliveries of shares in respect of any RSUs subject to Section 409A of the Code that are linked to the date of the Participants separation from service shall not be made prior to the date which is six (6) months after the date of the
Participants separation from service from the Company or any of its Affiliates, determined in accordance with Section 409A of the Code and the regulations promulgated thereunder.
The Company shall use commercially reasonable efforts to avoid subjecting the Participant to any additional taxation under
Section 409A of the Code as described herein; provided that neither the Company nor any of its employees, agents, directors or representatives shall have any liability to the Participant with respect to Section 409A of the Code.
2. Recoupment. The RSUs granted under this Agreement, and any Shares issued or other payments made in respect thereof,
shall be subject to any recoupment policy that the Company may adopt from time to time, to the extent any such policy is applicable to the Participant.
3. Entire Agreement. This Agreement, including the Plan, as provided therein, contains the entire agreement between the parties with respect to the subject matter therein and supersedes all prior
oral and written agreements between the parties pertaining to such matters.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement effective as of the Date
of Grant set forth on the attached Essential Grant Terms.
Julie Spellman Sweet
General Counsel, Secretary and Compliance Officer
DATA PROTECTION PROVISION
||By participating in the Plan or accepting any rights granted under it, the Participant consents to the collection and processing by the Company and its Affiliates of
personal data relating to the Participant by the Company and its Affiliates so that they can fulfill their obligations and exercise their rights under the Plan, issue certificates (if any), statements and communications relating to the Plan and
generally administer and manage the Plan, including keeping records of participation levels from time to time. Any such processing shall be in accordance with the purposes and provisions of this data protection provision. References in this
provision to the Company and its Affiliates include the Participants employer. |
These data will include
||already held in the Participants records such as the Participants name and address, ID number, payroll number, length of service and whether the Participant
works full-time or part time; |
||collected upon the Participant accepting the rights granted under the Plan (if applicable); and |
||subsequently collected by the Company or any of its Affiliates in relation to the Participants continued participation in the Plan, for example, data about shares
offered or received, purchased or sold under the Plan from time to time and other appropriate financial and other data about the Participant and his or her participation in the Plan (e.g., the date on which the shares were granted, termination of
employment and the reasons of termination of employment or retirement of the Participant). |
This consent is in addition to and does not affect any previous consent provided by the Participant to the Company or
In particular, the Participant expressly consents to the transfer of personal data about the Participant as described in
paragraph (a) above by the Company and its Affiliates. Data may be transferred not only within the country in which the Participant is based from time to time or within the EU or the European Economic Area, but also worldwide, to other
employees and officers of the Company and its Affiliates and to the following third parties for the purposes described in paragraph (a) above:
||Plan administrators, auditors, brokers, agents and contractors of, and third party service providers to, the Company or its Affiliates such as printers and mail houses
engaged to print or distribute notices or communications about the Plan; |
||regulators, tax authorities, stock or security exchanges and other supervisory, regulatory, governmental or public bodies as required by law; |
||actual or proposed merger partners or proposed assignees of, or those taking or proposing to take security over, the business or assets of the Company or its Affiliates
and their agents and contractors; |
||other third parties to whom the Company or its Affiliates may need to communicate/transfer the data in connection with the administration of the Plan, under a duty of
confidentiality to the Company and its Affiliates; and |
||the Participants family members, physicians, heirs, legatees and others associated with the Participant in connection with the Plan. |
Not all countries, where the personal data may be transferred to, have an equal level of data protection as in the EU or the European
Economic Area. Countries to which data are transferred include the USA.
All national and international transfer of personal data is only done in order to fulfill
the obligations and rights of the Company and/or its Affiliates under the Plan.
The Participant has the right to be informed
whether the Company or its Affiliates hold personal data about the Participant and, to the extent they do so, to have access to those personal data at no charge and require them to be corrected if they are inaccurate or to be destroyed if the
Participant wishes to withdraw his or her consent. The Participant is entitled to all the other rights provided for by applicable data protection law, including those detailed in any applicable documentation or guidelines provided to the Participant
by the Company or its Affiliates in the past. More detailed information is available to the Participant by contacting the appropriate local data protection officer in the country in which the Participant is based from time to time. If the
Participant has a complaint regarding the manner in which personal information relating to the Participant is dealt with, the Participant should contact the appropriate local data protection officer referred to above.
The processing (including transfer) of data described above is essential for the administration and operation of the Plan. Therefore, in cases where the
Participant wishes to participate in the Plan, it is essential that his/her personal data are processed in the manner described above. At any time the Participant may withdraw his or her consent.