Business
TP ICAP : Rules of the TP ICAP Group plc Equity Deferral Plan
TP ICAP : Rules of the TP ICAP Group plc Equity Deferral
About this update from Tp Icap Group Plc
[{"type":"text","content":"\n \n \n RULES\n \n \n \n OF THE\n \n \n \n TP ICAP GROUP PLC EQUITY DEFERRAL PLAN\n \n \n \n Board adoption: 9 April 2025\n \n \n \n Shareholders' approval: [14 May] 2025\n \n \n \n Expiry date: Later of [14 May] 2035 and the Company's AGM in 2035\n \n \n 1\n \n \n Table of Contents\n \n \n Meaning of words used 1\n \n \n Granting Awards 3\n \n \n Participant limits 6\n \n \n Share dilution limit 6\n \n \n Vesting and exercise of Awards 7\n \n \n Lapsing 7\n \n \n Settlement of Awards 8\n \n \n Investigations 9\n \n \n Dealing Restrictions 10\n \n \n Retention Periods 10\n \n \n Leaving 11\n \n \n Post-termination restriction for Executive Directors 13\n \n \n Mobile Participants 14\n \n \n Takeovers and other corporate events 14\n \n \n Exchange of Awards 15\n \n \n Variations in share capital 16\n \n \n Tax 17\n \n \n Terms of employment 17\n \n \n General 18\n \n \n Administration 20\n \n \n Changing the Plan and termination 20\n \n \n Governing law and jurisdiction 22\n \n \n Schedule 1: US Taxpayers 23\n \n \n Schedule 2: California Participants 29\n \n \n \n TP ICAP Group plc Equity Deferral Plan (i)\n \n \n TP ICAP Group plc Equity Deferral Plan\n \n \n Meaning of words used\n \n \n General\n \n \n In these rules:\n \n \n \"Additional Conditions\" means any additional conditions on Vesting imposed under rule 2.5 (Terms of Awards);\n \n \n \"Award\" means a Conditional Award, a Forfeitable Share Award, an Option, or a Phantom Award;\n \n \n \"Award Date\" means the date specified under rule 2.5 (Terms of Awards), which will normally be the date the Award is granted, unless the Board decides otherwise including in circumstances where the grant of the Award has been delayed;\n \n \n \"Board\" means the board of directors of the Company or a committee duly authorised by it. For the purposes of rules 14 (Takeovers and other corporate events) and 15 (Exchange of Awards), it means those persons who were members of the Board immediately before the relevant event;\n \n \n \"Business Day\" means a day on which the London Stock Exchange (or, if the Board decides, any other stock exchange on which the Shares are traded) is open for the transaction of business;\n \n \n \"Company\" means TP ICAP Group plc, registered in Jersey with registered number 130617;\n \n \n \"Conditional Award\" means a conditional right to acquire Shares gra...