Company: AHL
Filing Date: 2025-04-29
Form Type: F-1/A
Source: 0001628280-25-020463
Chunk: 283

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-04-29
Form: F-1/A
Chunk 283
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 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 attempt to so sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of any award, such award and all rights thereunder will immediately become null and void.

Certain Adjustments . If any change is made in our ordinary shares subject to the 2025 Incentive Plan, or subject to any award agreement under the 2025 Incentive Plan, without the receipt of consideration by us, such as through a share split, share dividend, extraordinary distribution, recapitalization, combination of shares, exchange of shares or other similar transaction, appropriate adjustments will be made in the number, class, and price of shares subject to each outstanding award and the numerical share limits contained in the plan.

Change in Control . Subject to the terms of the applicable award agreement, upon a “change in control” (as defined in the 2025 Incentive Plan), the Board (as constituted prior to such change in control) may, in its discretion, determine whether some or all outstanding options and share appreciation rights will become exercisable in full or in part, whether the restriction period and performance period applicable to some or all outstanding restricted share awards and restricted share unit awards will lapse in full or