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TP ICAP : Rules of the TP ICAP Group plc Savings-Related Share Option Plan
TP ICAP : Rules of the TP ICAP Group plc Savings-Related Share Option
About this update from Tp Icap Group Plc
[{"type":"text","content":"\n RULES OF THE TP ICAP GROUP PLC\n \n \n SAVINGS-RELATED SHARE OPTION PLAN\n \n \n \n Adopted by the Board on 14 May 2020 Amended by the Board on 9 April 2025\n Registered with HMRC on 22 June 2022 with reference number 6IQXPICVXHRAN7\n Approved by Shareholders on [14 May] 2025\n \n Allen & Overy LLP\n \n \n CONTENTS\n \n \n Clause Page\n \n \n Definitions and interpretation 1\n \n \n Application for options 1\n \n \n Scaling down 2\n \n \n Grant of options 2\n \n \n Limit on new issue and treasury shares 3\n \n \n Time of exercise of options 4\n \n \n Lapse of options 5\n \n \n Exercise of options and issue or transfer of Shares 6\n \n \n Adjustment of options 7\n \n \n Exchange of options 7\n \n \n Administration 8\n \n \n Amendment 9\n \n \n General 101\n Governing law 122\n Schedule\n \n \n Non tax-advantaged 133\n DEFINITIONS AND INTERPRETATION\n \n \n Definitions\n \n \n \n The words and expressions used in the Rules which have capital letters have the meanings set out in the Appendix.\n \n \n Interpretation\n \n \n \n The headings in the Rules are for convenience and should be ignored when construing them. Unless the context otherwise requires, words in the singular include the plural and vice versa and words importing either gender include both genders.\n \n \n \n Reference in the Rules to any statutory provisions are to those provisions as amended or re-enacted from time to time, and include any regulations or other subordinate legislation made under them.\n \n \n APPLICATION FOR OPTIONS\n \n \n Time when applications may be made\n \n \n \n During the Plan Period, tThe Board may invite all Eligible Employees to apply for Options during an Application Periodat any time, subject to Dealing Restrictions. While the Shares are Listed, the Application Date must be chosen so that each Dealing Day used to determine the Option Price is within the Application Period.\n \n \n Form of application\n \n \n \n The Board will specify the form of the applications for Options. The application form must:\n \n \n state whether or not the Shares are subject to restrictions and if so, the details of the restrictions;\n \n \n contain any undertakings and/or declarations that the Board requires for the Plan; and\n \n \n be accompanied by a completed Proposal Form.\n \n \n Option Price\n \n \n \n The Board will decide the Option Price for...