Company: KYIV
Filing Date: 2025-06-05
Form Type: F-4
Source: 0001213900-25-051575
Chunk: 388

Company: Kyivstar Group Ltd.
Filing Date: 2025-06-05
Form: F-4
Chunk 388
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1 stof such year, unless the Board, in its discretion, determines otherwise. In accordance with Kyivstar Group Ltd.’s Policy for Recovery of Erroneously Awarded Compensation, Kyivstar Group Ltd. is required to recover any portion of any STIP award granted in excess of the STIP award that would have been granted based on a restated financial reporting measure. Share-based Compensation Plan — Long-Term Incentive Plan In connection with the consummation of Business Combination, the Kyivstar Group Ltd. Board intends to adopt, subject to approval by the Kyivstar Group Ltd. Board, a discretionary long -term, share -basedcompensation plan (the “LTIP”). The key objective of the LTIP will be to align the interests of the Kyivstar Group Ltd. leadership team with the long -termsuccess of the Company and shareholders’ interests while also serving as a tool to incentivize and enhance retention among the leadership team. Eligible participants under the LTIP may include members of Kyivstar Group Ltd. management, Kyivstar Group Ltd. employees, certain members of the Kyivstar Group Ltd. Board and consultants of Kyivstar Group Ltd. and its subsidiaries. Beneficiaries under the LTIP will generally be granted equity awards pursuant to the terms and conditions of the LTIP and any applicable award agreement. The final eligibility of any beneficiary to participate in the applicable equity awards will be determined by the Kyivstar Group Ltd. Board (or a committee thereof) in its absolute discretion. The terms and conditions of LTIP and any applicable equity awards shall specify (without limitation) the following: (i)the structure of the award (whether it will be a performance award, retention award or deferred bonus award); (ii)whether the award shall be a nil or nominal cost -option, conditional share award or phantom cash award; (iii)the number and/or value of shares over which an award is granted; (iv)the date on which the award will normally vest and (in the case of options) become exercisable; (v)any objective criteria (including performance conditions) that will apply to any award; (vi)whether shares acquired on vesting or exercise shall be subject to a holding period; (vii) if a dividend equivalent (or similar) shall accrue and become payable on vested shares; (viii) the application of any malus and clawback provisions; and, (ix)the treatment of awards held by participants who cease to be