2013 Equity and Incentive Plan (Amended and Restated as of May 19, 2022) UK Employee Sub-Plan

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This document is a sub-plan under the company's 2013 Equity and Incentive Plan, specifically for employees residing in the United Kingdom. It outlines modifications to the main plan to ensure compliance with UK law, such as limiting eligibility to UK employees and excluding consultants and directors. The sub-plan ensures that awards granted to UK employees qualify as an "employee share scheme" under UK regulations. The key obligations and terms of the main plan apply, except as specifically modified for UK compliance.

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EX-10.42 5 exhibit1042uksubplan.htm EX-10.42 Document
Exhibit 10.42

2013 Equity and Incentive Plan, as amended and restated as of May 19, 2022

Sub-Plan for UK Employees


The terms set forth herein shall apply to Awards offered to Employees who are resident in the United Kingdom (“UK Employees”). All capitalized terms used herein but not otherwise defined shall have the respective meanings set forth in the Plan.

The rules of the Plan shall apply to all Awards offered, granted or issued to UK Employees, save that:

•Article I, the definition of “Eligible Individual”, Article 3.3(d) and Article 11.7 shall apply with the omission of the words “Consultant”, “and Consultants”, “or Consultant”, “Director”, “a director”, “any Director”, “Non-Employee Director”, “any Non-Employee Director” (or the singular or plural forms thereof, as relevant),
•the definition of “Consultant” shall be deleted,
•sub-paragraph (a) in Article 12.1 shall not be read as permitting or otherwise contemplating the grant of Awards to Non-Employee Directors, and
•the words “; provided, however, that Options granted to Non-Employee Directors and Consultants shall only be Non-Qualified Stock Options” shall be omitted from the definition of “Option”,

such that this Sub-Plan shall constitute an “Employee share scheme” within the meaning of Article 60(2) of the UK Financial Services and Markets Act 2000 (Financial Promotion) Order 2005/1529.