Business
TP ICAP : Rules of the TP ICAP Group plc Global Employee Share Purchase Plan
TP ICAP : Rules of the TP ICAP Group plc Global Employee Share Purchase
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 GLOBAL EMPLOYEE SHARE PURCHASE PLAN\n \n \n \n Board adoption: 9 April 2025\n \n \n Shareholders' approval: [14 May] 2025\n Table of Contents\n \n \n Meaning of words used 1\n \n \n Grant of Awards - general 3\n \n \n Plan limit 4\n \n \n Free Share Awards 5\n \n \n Investment Shares 6\n \n \n Matching Share Awards 8\n \n \n Vesting of Free Share Awards and Matching Share Awards 9\n \n \n Settlement of Free Share Awards and Matching Share Awards 10\n \n \n Plan Shares 11\n \n \n Leaving 11\n \n \n Mobile Participants 13\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 21\n \n \n Governing law and jurisdiction 22\n \n \n Schedule 1: US Taxpayers 23\n \n \n Schedule 2: California Participants 26\n \n \n \n TP ICAP Group plc Global Employee Share Purchase Plan\n \n \n (i)\n \n \n TP ICAP Group plc Global Employee Share Purchase Plan\n \n \n Meaning of words used\n \n \n General\n \n \n \n In these rules:\n \n \n \"Application Period\" means the period the Board decides under rule 5.2 (Terms of Investment Shares);\n \n \n \"Award\" means a Free Share Award, a right to purchase Investment Shares or a Matching Share Award;\n \n \n \"Award Date\" means the date on which an Award is granted;\n \n \n \"Board\" means the board of directors of the Company or a committee duly authorised by it. For the purposes of rules 12 (Takeovers and other corporate events) and 13 (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 number 130617;\n \n \n \"Contribution\" means a deduction from a Participant's salary (or other source or method of payment agreed by the Board) for the purpose of acquiring Investment Shares;\n \n \n \"Control\" means the power of a person to secure by means of the holding of shares or the possession of voting power or by virtue of any powers c...