Company: AHL
Filing Date: 2025-04-29
Form Type: F-1/A
Source: 0001628280-25-020463
Chunk: 282

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-04-29
Form: F-1/A
Chunk 282
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 an option or share appreciation right may not exceed ten years; provided, however, that an incentive share option held by an employee who owns more than 10% of all of our classes of shares, or of certain of our affiliates, may not have a term in excess of five years, and the exercise price will not be less than the price required by the Code in order to constitute an incentive share option (at the date of the offering, 110% of fair market value). Subject to the provisions of the 2025 Incentive Plan, the Compensation Committee will determine the remaining terms of the options and share appreciation rights (e.g., vesting). Upon a participant’s termination of service, the participant may exercise his or her option or share appreciation right, to the extent vested (unless the Compensation Committee permits otherwise), as specified in the award agreement.

The 2025 Incentive Plan permits the Compensation Committee to, without the approval of shareholders, (i) reduce the exercise price of any previously granted share option or share appreciation right, (ii) cancel any previously granted share option or share appreciation right in exchange for another share option or share appreciation right with a lower exercise price, or (iii) cancel any previously granted share option or share appreciation right in exchange for cash or another award if the exercise price of such share 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.