Company: AHL
Filing Date: 2025-05-08
Form Type: 424B4
Source: 0001628280-25-023859
Chunk: 280

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-05-08
Form: 424B4
Chunk 280
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 option or share appreciation right exceeds the fair market value of an ordinary share on the date of such cancellation.

Share Awards . The Compensation Committee will decide at the time of grant whether an award will be in the form of a restricted share award, restricted share units, or other share award, as well as the form of the agreement evidencing the award. The Compensation Committee will determine the number of shares subject to the award, vesting, and the nature of any performance measures. Unless otherwise specified in the award agreement, the recipient of restricted shares will have voting rights and be entitled to receive dividends with respect to his or her restricted shares. The recipient of restricted share units will not have voting rights, but his or her award agreement may provide for the receipt of dividend equivalents. Any dividends or dividend equivalents paid with respect to restricted shares, other than a regular cash dividend, and regular cash dividends with respect to ordinary shares that are subject to performance-based vesting conditions, in each case, will be subject to the same vesting conditions as the underlying awards. Any dividend equivalents with respect to restricted share units and other share awards that are subject to performance-based vesting conditions will be subject to the same restrictions as the underlying awards. The Compensation Committee may grant other share awards that are based on or related to ordinary shares, such as awards of ordinary shares granted as bonus and not subject to any vesting conditions, deferred share units,

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share purchase rights, and ordinary shares issued in lieu of our obligations to pay cash under any compensatory plan or arrangement.

Performance Awards . The Compensation Committee will determine the value of any performance award, the vesting and nature of the performance measures, and whether the award is denominated or settled in cash or in ordinary shares. The performance goals applicable to a particular award, and any associated rules or conditions, will be determined by the Compensation Committee at the time of grant.

Transferability of Awards. The 2025 Incentive Plan does not allow awards to be transferred other than by will or the laws of inheritance following the participant’s death, and share options may be exercised during the contractual term, only by the participant during the lifetime of the participant. However, an award agreement may permit a participant to assign an award to a family member by gift or pursuant to a domestic relations order, or to a trust, family limited partnership or similar entity established for one of the participant’s family members. A participant may also designate a beneficiary who will receive outstanding awards upon the participant’s death. Upon any