Amendment to the Amended and Restated Carnival plc 2005 Employee Share Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment updates the Carnival plc 2005 Employee Share Plan by revising the rules for adjusting the number or type of shares and the option price per share in the event of certain changes. The Committee is given the authority to make fair and reasonable adjustments or substitutions to awards, subject to specified conditions. The amendment clarifies how share awards may be modified to reflect changes in the company or its shares.

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EX-10.7 8 d71243_ex10-7.txt AMEND. CARN. PLC 2005 EMPLOYEE SHARE PLAN EXHIBIT 10.7 AMENDMENT TO THE AMENDED AND RESTATED CARNIVAL PLC 2005 EMPLOYEE SHARE PLAN The paragraph between Clause 12.1 (c) and Clause 12.1 (c)(i) of the Amended and Restated Carnival plc 2005 Employee Share Plan was stricken and replaced with the following: "the number or type of shares subject to an Award and the Option Price per Share shall be adjusted or the Awards may be subject to substitution in such manner as the Committee may determine is fair and reasonable, PROVIDED THAT:"