Exhibit 10.4
AGGREKO INC.
2026 OMNIBUS INCENTIVE PLAN
The name of the Plan is the Aggreko Inc. 2026 Omnibus Incentive Plan (the “Plan”). The purposes of the Plan are to provide an additional incentive to selected officers, employees, partners, non-employee directors, independent contractors, and consultants of the Company or its Affiliates (as hereinafter defined) whose contributions are essential to the growth and success of the business of the Company and its Affiliates, in order to strengthen the commitment of such persons to the Company and its Affiliates, motivate such persons to faithfully and diligently perform their responsibilities, and attract and retain competent and dedicated persons whose efforts will result in the long-term growth and profitability of the Company and its Affiliates. To accomplish such purposes, the Plan provides that the Company may grant Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Stock Bonuses, Other Stock-Based Awards, Cash Awards, Substitute Awards or any combination of the foregoing.
For purposes of the Plan, the following terms shall be defined as set forth below:
(i)any Person (or any group of Persons acting together which would constitute a “group” for purposes of Section 13(d) of the Exchange Act), excluding any Continuing Aggreko Person or any group of Continuing Aggreko Persons, is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company (not including in the securities Beneficially Owned by such Person any securities acquired directly from the Company or its Affiliates) representing fifty percent (50%) or more of the combined voting power of the Company’s then outstanding securities, excluding any Person who becomes such a Beneficial Owner in connection with a transaction described in clause (I) of paragraph (iii) below;
(ii)the following individuals cease for any reason to constitute a majority of the number of directors then serving on the Board: individuals who, on the Effective Date, constitute the Board and any new director (other than a director whose initial assumption
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of office is in connection with an actual or threatened election contest, including, but not limited to, a consent solicitation, relating to the election of directors of the Company) whose appointment or election by the Board or nomination for election by the Company’s shareholders was approved or recommended by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors on the Effective Date or whose appointment, election or nomination for election was previously so approved or recommended;
(iii)there is consummated a merger or consolidation of the Company or any direct or indirect Subsidiary with any other corporation or other entity, other than (I) a merger or consolidation (A) which results in the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or any parent thereof), in combination with the ownership of any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any Subsidiary, more than fifty percent (50%) of the combined voting power of the securities of the Company or such surviving entity or any parent thereof outstanding immediately after such merger or consolidation and (B) immediately following which the individuals who comprise the Board immediately prior thereto constitute at least a majority of the board of directors of the Company, the entity surviving such merger or consolidation or, if the Company or the entity surviving such merger or consolidation is then a subsidiary, the ultimate parent thereof, or (II) a merger or consolidation effected to implement a recapitalization of the Company (or similar transaction) in which no Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company (not including in the securities Beneficially Owned by such Person any securities acquired directly from the Company or its Affiliates) representing fifty percent (50%) or more of the combined voting power of the Company’s then outstanding securities; or
(iv)the shareholders of the Company approve a plan of complete liquidation or dissolution of the Company or there is consummated an agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets, other than (A) a sale or disposition by the Company of all or substantially all of the Company’s assets to an entity, at least fifty percent (50%) of the combined voting power of the voting securities of which are owned by shareholders of the Company following the completion of such transaction in substantially the same proportions as their ownership of the Company immediately prior to such sale or (B) a sale or disposition of all or substantially all of the Company’s assets immediately following which the individuals who comprise the Board immediately prior thereto constitute at least a majority of the board of directors of the entity to which such assets are sold or disposed or, if such entity is a subsidiary, the ultimate parent thereof.
Notwithstanding the foregoing, (i) a Change in Control shall not be deemed to have occurred as a result of any transaction or series of integrated transactions following which any Continuing Aggreko Person or any group of Continuing Aggreko Persons possesses, directly or indirectly, the power to direct or cause the direction of the management and policies of the Company (or any successor thereto), whether through the ownership of voting securities, as trustee or executor, by contract or otherwise, including, without limitation, the ownership, directly or indirectly, of securities having the power to elect a majority of the Board or the board of directors or similar body governing the affairs of any successor to the Company, and (ii) for each Award that constitutes deferred compensation under Section 409A of the Code, and to the extent required to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, a Change in Control shall be deemed to have occurred under the Plan with respect to such Award only if a change in the ownership or effective control of the Company or a
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change in ownership of a substantial portion of the assets of the Company shall also be deemed to have occurred under Section 409A of the Code.
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The Participants under the Plan shall be selected from time to time by the Administrator, in its sole discretion, from those individuals that qualify as Eligible Recipients.
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Other forms of Awards valued in whole or in part by reference to, or otherwise based on, Ordinary Shares, including but not limited to dividend equivalents, may be granted either alone or in addition to other Awards (other than in connection with Options or Stock Appreciation Rights) under the Plan. Any dividend or dividend equivalent awarded hereunder shall be subject to the same restrictions, conditions and risks of forfeiture as the underlying
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Awards and, except as provided in the applicable Award Agreement, shall only become payable if (and to the extent) the underlying Awards vest. Subject to the provisions of the Plan, the Administrator shall have sole and complete authority to determine the individuals to whom and the time or times at which such Other Stock-Based Awards shall be granted, the number of Ordinary Shares to be granted pursuant to such Other Stock-Based Awards, or the manner in which such Other Stock-Based Awards shall be settled (e.g., in Ordinary Shares, cash or other property), or the conditions to the vesting and/or payment or settlement of such Other Stock-Based Awards (which may include, but not be limited to, achievement of performance criteria) and all other terms and conditions of such Other Stock-Based Awards.
In the event that the Administrator grants a Stock Bonus, the Shares constituting such Stock Bonus shall, as determined by the Administrator, be evidenced in uncertificated form or by a book entry record or a certificate issued in the name of the Participant to whom such grant was made and issued to such Participant as soon as practicable after the date on which such Stock Bonus is payable.
The Administrator may grant Awards that are payable solely in cash, as deemed by the Administrator to be consistent with the purposes of the Plan, and such Cash Awards shall be subject to the terms, conditions, restrictions and limitations determined by the Administrator, in its sole discretion, from time to time. Cash Awards may be granted with value and payment contingent upon the achievement of Performance Goals.
Except as provided in the applicable Award Agreement, in the event that (a) a Change in Control occurs and (b) either (x) an outstanding Award is not assumed or substituted in connection therewith or (y) an outstanding Award is assumed or substituted in connection therewith and the Participant’s employment, tenure or service is terminated by the Company, its successor or an Affiliate thereof without Cause or by the Participant for Good Reason (if applicable) on or after the effective date of the Change in Control but prior to twenty-four (24) months following the Change in Control, then:
For purposes of this Section 13, an outstanding Award shall be considered to be assumed or substituted for if, following the Change in Control, the Award remains subject to the same terms and conditions that were applicable to the Award immediately prior to the Change in Control except that, if the Award related to Shares, the Award may instead confers the right to receive common shares of the acquiring entity (or cash or such other security or
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entity as may be determined by the Administrator, in its sole discretion, pursuant to Section 5 hereof).
The Board or the Committee may amend, alter or terminate the Plan, but no amendment, alteration, or termination shall be made that would impair the rights of a Participant under any Award theretofore granted without such Participant’s consent. Unless the Board determines otherwise, the Board shall obtain approval of the Company’s shareholders for any amendment to the Plan that would require such approval in order to satisfy any rules of the stock exchange on which Ordinary Shares are traded or other applicable law. The Administrator may amend the terms of any Award theretofore granted, prospectively or retroactively, but, subject to Section 5 hereof and the immediately preceding sentence, no such amendment shall impair the rights of any Participant without the Participant’s consent.
The Plan is intended to constitute an “unfunded” plan for incentive compensation. With respect to any payments not yet made to a Participant by the Company, nothing contained herein shall give any such Participant any rights that are greater than those of a general creditor of the Company.
Each Participant shall, no later than the date as of which the value of an Award first becomes includible in the gross income of such Participant for purposes of applicable taxes, pay to the Company, or make arrangements satisfactory to the Company regarding payment of, an amount in respect of such taxes up to the maximum statutory rates in the Participant’s applicable jurisdiction with respect to the Award, as determined by the Company. The obligations of the Company under the Plan shall be conditional on the making of such payments or arrangements, and the Company shall, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to such Participant. Whenever cash is to be paid pursuant to an Award, the Company shall have the right to deduct therefrom an amount sufficient to satisfy any applicable withholding tax requirements related thereto as determined by the Company. Whenever Shares or property other than cash are to be issued pursuant to an Award, the Company shall have the right to require the Participant to remit to the Company in cash an amount sufficient to satisfy any related taxes to be withheld and applied to the tax obligations as determined by the Company; provided, that, with the approval of the Administrator, a Participant may satisfy the foregoing requirement by either (i) electing to have the Company withhold from such issuance Shares or other property, as applicable, or (ii) by surrendering or transferring to the Company already owned unrestricted Ordinary Shares, in each case, having a value not exceeding the applicable taxes to be withheld and applied to the tax obligations as determined by the Company. Such already owned and unrestricted Ordinary Shares shall be valued at their Fair Market Value on the date on which the amount of tax to be withheld is determined and any fractional share amounts resulting therefrom shall be settled in cash. Such an election may be made with respect to all or any portion of the Shares to be issued pursuant to an award. The Company may also use any other method of obtaining the necessary payment or proceeds, as permitted by law, to satisfy its withholding obligation with respect to any Award as determined by the Company. For purposes of this Section 16, if the Ordinary Shares underlying an Award is admitted to trading on a national securities exchange, the Fair Market Value of such Award (and any Ordinary Shares withheld or issued pursuant to clauses
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(i) or (ii) above) as of the applicable date of determination shall be determined using the closing sale price reported on the last preceding date for which there was a sale of an Ordinary Share on such exchange.
Until such time as the Awards are fully vested and/or exercisable in accordance with the Plan or an Award Agreement, no purported sale, assignment, mortgage, hypothecation, transfer, charge, pledge, encumbrance, gift, transfer in trust (voting or other) or other disposition of, or creation of a security interest in or lien on, any Award or any agreement or commitment to do any of the foregoing (each, a “Transfer”) by any holder thereof in violation of the provisions of the Plan or an Award Agreement will be valid, except with the prior written consent of the Administrator, which consent may be granted or withheld in the sole discretion of the Administrator. Any purported Transfer of an Award or any economic benefit or interest therein in violation of the Plan or an Award Agreement shall be null and void ab initio, and shall not create any obligation or liability of the Company, and any Person purportedly acquiring any Award or any economic benefit or interest therein transferred in violation of the Plan or an Award Agreement shall not be entitled to be recognized as a holder of any Ordinary Shares or other property underlying such Award. Unless otherwise determined by the Administrator in accordance with the provisions of the immediately preceding sentence, an Option or Stock Appreciation Right may be exercised, during the lifetime of the Participant, only by the Participant or, during any period during which the Participant is under a legal disability, by the Participant’s guardian or legal representative.
Neither the adoption of the Plan nor the grant of an Award hereunder shall confer upon any Eligible Recipient any right to continued employment, tenure or service with the Company or any Affiliate thereof, as the case may be, nor shall it interfere in any way with the right of the Company or any Affiliate thereof to terminate the employment, tenure or service of any of its Eligible Recipients at any time.
The Plan was adopted on , subject to approval by the Company’s shareholders, and became effective on (the “Effective Date”).
No Award shall be granted pursuant to the Plan on or after the tenth anniversary of the Effective Date, but Awards theretofore granted may extend beyond that date.
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If any Participant shall, in connection with the acquisition of Ordinary Shares under the Plan, make the election permitted under Section 83(b) of the Code, such Participant shall notify the Company of such election within ten (10) days after filing notice of the election with the Internal Revenue Service.
No fractional Ordinary Shares shall be issued pursuant to the Plan. The Administrator shall determine whether cash, other Awards, or other property shall be issued or paid in lieu of such fractional shares or whether such fractional shares or any rights thereto shall be forfeited or otherwise eliminated.
A Participant may file with the Administrator a written designation of a beneficiary on such form as may be prescribed by the Administrator and may, from time to time, amend or revoke such designation. If no designated beneficiary survives the Participant, the executor or administrator of the Participant’s estate shall be deemed to be the Participant’s beneficiary.
In the event that the Company establishes, for itself or using the services of a third party, an automated system for the documentation, granting or exercise of Awards, such as a system using an internet website or interactive voice response, then the paperless documentation, granting or exercise of Awards by a Participant may be permitted through the use of such an automated system.
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If any provision of the Plan is held to be invalid or unenforceable, the other provisions of the Plan shall not be affected but shall be applied as if the invalid or unenforceable provision had not been included in the Plan.
Notwithstanding any other provisions in this Plan, any Award which is subject to recovery under any law, government regulation or stock exchange listing requirement, will be subject to such deductions and repayment as may be required to be made pursuant to such law, government regulation or stock exchange listing requirement (or any policy adopted by the Company pursuant to any such law, government regulation or stock exchange listing requirement).
The Plan as well as payments and benefits under the Plan are intended to be exempt from, or to the extent subject thereto, to comply with Section 409A of the Code, and, accordingly, to the maximum extent permitted, the Plan shall be interpreted in accordance therewith. Notwithstanding anything contained herein to the contrary, to the extent required in order to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, the Participant shall not be considered to have terminated employment, tenure or service with the Company for purposes of the Plan and no payment shall be due to the Participant under the Plan or any Award until the Participant would be considered to have incurred a “separation from service” from the Company and its Affiliates within the meaning of Section 409A of the Code. Any payments described in the Plan that are due within the “short term deferral period” as defined in Section 409A of the Code shall not be treated as deferred compensation unless applicable law requires otherwise. Notwithstanding anything to the contrary in the Plan, to the extent that any Awards (or any other amounts payable under any plan, program or arrangement of the Company or any of its Affiliates) are payable upon a separation from service and such payment would result in the imposition of any individual tax and penalty interest charges imposed under Section 409A of the Code, the settlement and payment of such awards (or other amounts) shall instead be made on the first business day after the date that is six (6) months following such separation from service (or upon the Participant’s death, if earlier). Each amount to be paid or benefit to be provided under this Plan shall be construed as a separate identified payment for purposes of Section 409A of the Code. The Company makes no representation that any or all of the payments or benefits described in this Plan will be exempt from or comply with Section 409A of the Code and makes no undertaking to preclude Section 409A of the Code from applying to any such payment. The Participant shall be solely responsible for the payment of any taxes and penalties incurred under Section 409A of the Code.
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As of the Effective Date and for a certain period of time thereafter, the Company will qualify as a “foreign private issuer” (as defined in Rule 405 of the Securities Act and Rule 3b-4 of the Exchange Act), which permits the Company to operate the Plan, and to grant Awards and issue Shares under the Plan, under different laws, rules or regulations than those that may be expressly referenced herein. Notwithstanding any provision of the Plan or an Award Agreement to the contrary, the Plan shall only be required to be administered in compliance with applicable laws, rules and regulations. However, the Committee, if it deems it necessary or advisable, may decide in its discretion to administer the Plan in compliance with such laws, rules and regulations as may become applicable upon the Company ceasing to qualify as a foreign private issuer.
The Plan shall be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to the principles of conflicts of law of such state.
The titles and headings of the sections in the Plan are for convenience of reference only and, in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control.
The obligations of the Company under the Plan shall be binding upon any successor corporation or organization resulting from the merger, consolidation or other reorganization of the Company, or upon any successor corporation or organization succeeding to substantially all of the assets and business of the Company.
No payment pursuant to the Plan shall be taken into account in determining any benefits under any pension, retirement, savings, profit sharing, group insurance, welfare, or other benefit plan of the Company or any Affiliate except to the extent otherwise expressly provided in writing in such other plan or an agreement thereunder.
In this Plan:
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AGGREKO, INC.
2026 OMNIBUS INCENTIVE PLAN
U.K. EMPLOYEE SUB-PLAN
Section 1. Application
This sub-plan (the “U.K. Employee Sub-Plan”) is established in accordance with Section 3(b)(9) of the Aggreko Inc. 2026 Omnibus Incentive Plan (the “Plan”) and the sets forth additional terms and conditions applicable to Awards granted to, and the Ordinary Shares acquired by, Employees (as defined below) who are (or are deemed to be) resident in the United Kingdom for tax purposes and forms an integral part of the Plan and other Plan Documents (as defined below).
Section 2. Definitions
| a) | For the purposes of this U.K. Employee Sub-Plan, the following terms shall have the meanings set out below: |
| 1) | “Data Protection Laws” means the (a) the General Data Protection Regulation (Regulation (EU) 2016/679) (the “GDPR”), the GDPR as transposed into the national laws of any EEA member state and the U.K. (the “U.K. GDPR”), and any amendments made thereto; (b) any national laws supplementing the GDPR and the U.K. GDPR; |
| 2) | “Employee” shall be defined for the purposes of the “employee share schemes” exemption under Article 60(2) of the Order; |
| 3) | “FSMA” means the Financial Services and Markets Act 2000 (as amended from time to time). |
| 4) | “ITEPA 2003” means the Income Tax (Earnings and Pensions) Act 2003 (as amended from time to time). |
| 5) | “Order” means the U.K. Financial Services and Markets Act 2000 (Financial Promotion) Order 2005/1529 (as amended from time to time). |
| 6) | “Plan Documents” means the Plan and any other documents or mediums (including websites) entered into by, provided to, or accessed by, an Eligible Recipient, at the request or direction of the Company or its Subsidiaries, in connection with the Plan and the grant of an Award or acquisition of Ordinary Shares thereunder (including any offering document, Award Agreement, prospectus, or website allowing Eligible Recipient to participate in the Plan). |
| b) | The definition of “Eligible Recipient” shall be deleted and replaced with the following and all references to partner, non-employee director, independent contractor or consultant or other similar non-employee service provider shall be deleted. |
“Eligible Recipient” means any Employee of the Company or any of its Subsidiaries.”
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| c) | The following clause (vii) shall be added to the definition of "Cause": |
(vii) any other circumstances pursuant to the Participant's employment agreement or otherwise in which the Company or one of its Subsidiaries is permitted to terminate the Participant's employment without notice or payment in lieu of notice.”
| d) | The definition of “Subsidiary” shall be deleted and replaced with the following: |
“Subsidiary” shall have the meaning given to it for the purposes of the “employee share schemes” exemption under Article 60(2) of the Order, with respect to the Company.
| e) | All other capitalized terms used in this U.K. Employee Sub-Plan shall be as defined under the Plan. |
Section 3. Data Protection
The following provisions shall be added to the Plan:
| b) | Data Sharing: Any member of the Company's group may share the Data, in connection with the Purposes, with: (i) any other group company; (ii) any trustee of any employee benefit trust or other trust operated in conjunction with the Plan; (iii) a third party broker, registrar, advisor, or administrator; and (iv) a future purchaser of the Company or any group company. For transfers of Data from the U.K. or the EEA to a third country or an international organization, the Company will ensure that any such transfers are subject to appropriate safeguards, and where applicable, on condition that enforceable data subject rights and effective legal remedies for Participants are available. |
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| c) | Participant Rights. The Participant acknowledges that they may, subject to certain restrictions, exercise the rights granted to them under applicable Data Protection Laws, including (but not limited to) the right to, where applicable, request to access or be provided with a copy of their Data, request additional information about the storage and processing of their Data, request to receive their Data in a structured, commonly used format and have such Data transmitted to another party, request that the processing of their Data is restricted, request that their Data is erased or otherwise object to its processing by the Company. In addition, the Participant acknowledges that they have the right to lodge a complaint with the competent supervisory authority in their jurisdiction. |
| d) | Privacy Notice. Further information on how the Company processes Data and the rights of Participants in relation to the processing of their Data are set out in the Company’s data privacy notice, as updated and amended from time to time, which is available on the Company’s internal intranet portal. By participating in the Plan or accepting any rights thereunder, the Participant confirms that they have read and acknowledged the content of the aforementioned data privacy notice. |
Section 4. Taxes
The following provisions shall be added to the Plan:
| a) | Withholding. For the avoidance of doubt any reference in Section 16 to withholding “taxes”, shall include any liability of the Company or its Subsidiaries to withhold income tax and employee National Insurance contributions or any other similar obligations to pay or account for tax or social security contributions (wherever in the world arising), arising on the grant, vesting, exercise, settlement or otherwise in connection with an Award under pay as you earn (PAYE). |
| b) | Section 431 Elections. To the extent required by the Company, any Subsidiary or the Participant’s employer (as applicable), as a condition to the vesting or exercise of any Award or the issuance of any Ordinary Shares in accordance with the Plan, the Participant agrees to enter into an election under section 431 of ITEPA 2003 before or within 14 days after the acquisition of any Ordinary Shares acquired in accordance with the Plan. |
| c) | Indemnity. The Participant agrees that they are liable for and shall indemnify and keep indemnified the Company, any Subsidiary and / or their employer (as applicable) from and against any liability for or obligation to pay any tax liability being any liability for income tax, employee National Insurance contributions, or any other similar obligations to pay or account for tax or social security contributions (wherever in the world arising) that may arise in respect of the the grant, vesting, settlement, disposal or otherwise in connection with an Award (including any amount due under pay as you earn (PAYE) in respect of any Award or Ordinary Shares as a result of the failure by the Participant to make good such an amount within the time limit specified in section 222 of ITEPA 2003). |
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Section 5. Non-Transferability
Section 17 shall be deleted in its entirety and replaced with the following:
No purported sale, assignment, mortgage, hypothecation, transfer, charge, pledge, encumbrance, gift, transfer in trust (voting or other) or other disposition of, or creation of a security interest in or lien on, any Award or any agreement or commitment to do any of the foregoing (each, a “Transfer”) by any holder thereof in violation of the provisions of the Plan or an Award Agreement will be valid, except by will or by the laws of descent and distribution.
Section 6. Right of Participants.
| a) | The following provisions shall be added to the Plan: |
| 1) | The grant of an Award under the Plan Documents is a discretionary benefit operated by the Company, and no Eligible Recipient participates as of right in the Plan. The grant of an Award does not imply a right to participate or to be considered for participation in a later grant and any rights granted under the Plan Documents are separate to the Eligible Recipient's rights under any contract of employment they have entered into with the Company or any Subsidiary. |
| 2) | The Participant waives all and any rights to compensation or damages for the termination of their employment with the Company or any Subsidiary for any reason whatsoever (including unlawful termination of employment) insofar as those rights arise or may arise from the Participant ceasing to have rights under the Plan Documents as a result of that termination or from the loss or diminution in value of such rights or entitlements. Nothing in the Plan Documents will give any person any right to continue in employment or will affect the right of the Company or any Subsidiary to terminate the employment of any participant or any other person without liability at any time, with or without Cause, or will impose on the Company or any Subsidiary or their respective agents, employees and officers any liability in connection with the loss of a Participant’s benefits or rights under the Plan Documents or as a result of the exercise of a discretion under the Plan Documents for any reason as a result of the termination of the Participant’s employment. For the avoidance of doubt, nothing in this paragraph shall abrogate the Participant’s contractual rights on termination of employment in respect of any Award, as expressly provided for under the Plan Documents. |
| b) | Sections 7(i) and 8(h) shall be deleted in their entirety. |
Section 7. Acknowledgements
The following provisions shall be added to the Plan:
By participating in the Plan, the Participant acknowledges and agrees that:
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| a) | neither this document, nor any of the Plan Documents, is an approved prospectus for the purposes of section 85(1) of FSMA and no offer of transferable securities is being made to the public (for the purposes of section 102B of FSMA) or Regulation (EU) 2017/1129 as it forms part of domestic law in the U.K. by virtue of the European Union (Withdrawal) Act 2018; |
| b) | the Participant is a bona fide employee of the Company or a Subsidiary and the Participant’s right to participate in the Plan in accordance with the Plan Documents is being granted to the Participant by the Company pursuant to the “employee share schemes” exemption under Article 60(2) of the Order. In the U.K., the Plan Documents are directed only at Eligible Recipients and must not be acted on or relied on by persons who are not the categories of individuals set out in Article 60(2)(a) of the Order. Any person who is not an Employee should not act or rely on the Plan Documents or their respective contents; and |
| c) | if the Participant is in any doubt about the content of the Plan Documents, the participant should seek their own independent financial advice immediately from an independent financial adviser, authorized under the FSMA. The Participant further acknowledges and agrees that nothing in the Plan Documents constitute financial advice to any holder of any Award or any Ordinary Shares by the Company, or any Subsidiary or the Participant’s employer. |
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