Business
DCC : Proposed amendments to the Rules of the DCC plc Long Term Incentive Plan 2021 (with changes highlighted)
DCC : Proposed amendments to the Rules of the DCC plc Long Term Incentive Plan 2021 (with changes
About this update from Dcc Plc
DCC PLC Rules of THE DCC PLC Long Term Incentive Plan 2021 to be submitted for approvalas adopted by ordinary resolution of shareholders at the Annual General Meeting of DCC plc to be held on 16 JULY 2021 and subsequently amended by ordinary resolution of shareholders at the Annual General Meeting of DCC plc held on july 2026 Contents Rule Page No 1 Definitions 3 2 Eligibility to participate 5 3 Grant of Awards 5 4 Limits to Awards 6 5 Transfer and renunciation of Awards 7 6 Vesting and exercise of Awards 7 7 Malus, clawback and retention of Shares by Executive Director Participants 8 8 Delivery of Shares and rights of Participants 9 9 Plan Shares 9 10 Cessation of employment of a Participant 9 11 Corporate events 11 12 Variation of share capital 12 13 Administration of the Plan 12 14 Amendment of the Plan 1312 15 Termination of the Plan 13 16 General provisions 13 17 Data Privacy 14 18 Governing law and jurisdiction 14 Rules of the DCC plc Long Term Incentive Plan 2021 Definitions In these Rules, unless the context otherwise requires, the following words and expressions shall bear the meanings set out below: "Accounting Period" means any period in respect of which the Company prepares a report and audited financial statements; "Act" means the Taxes Consolidation Act 1997 as amended from time to time; "Adoption Date" means the date on which the Plan was adopted by the Company in general meeting; "Announcement Date" means the date on which the Company announces its annual or half-yearly results; "Award" means an Option or a Share Award granted by the Committee to an Eligible Employee in accordance with these Rules; "Award Certificate" means a deed issued by the Company to an Eligible Employee in respect of the grant of an Award to him; "Award Date" means the date specified in the Award Certificate as the Award Date; "Board" means the Board of Directors from time to time of the Company or a duly authorised committee thereof; "Committee" means the Remuneration Committee of the Board consisting exclusively of non-executive Directors; "Company" means DCC plc, whose registered office is at DCC House, Leopardstown Road, Foxrock, Dublin 18, Ireland; "Control" means the control of a company within the meaning given to that expression by Section 432 of the Act and for the purposes of Rule 11 a person shall be deemed to have control of a company if he and others act...