Company: AHL
Filing Date: 2025-04-29
Form Type: F-1/A
Source: 0001628280-25-020463
Chunk: 284

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-04-29
Form: F-1/A
Chunk 284
---
 in part and whether the performance measures applicable to some or all outstanding awards will be deemed to be satisfied. The Board may further require that shares of stock of the corporation resulting from such a change in control, or a parent corporation thereof, be substituted for some or all of our ordinary shares subject to an outstanding award and that any outstanding awards, in whole or in part, be surrendered to us by the holder and be immediately cancelled by us in exchange for a cash payment or other property, shares of capital stock of the corporation resulting from or succeeding us or a combination of cash or other property and such shares of stock.

Clawback . Awards granted under the 2025 Incentive Plan and any cash payment or ordinary shares delivered pursuant to an award are subject to forfeiture, recovery, or other action pursuant to the applicable award agreement or any clawback or recoupment policy that we may adopt, including any policy that we may be required to adopt under the Dodd-Frank Wall Street Reform and Consumer Protection Act and/or Solvency II (as defined in the Aspen Group Remuneration Policy) and any implementing rules and regulations thereunder, or as otherwise required by law or applicable listing standards.

Plan Termination and Amendment. The 2025 Incentive Plan will be effective as of the date the Plan is approved by the Board. The Board has the authority to amend, suspend, or terminate the 2025 Incentive Plan, subject to any requirement of shareholder approval required by law or stock exchange rules. The 2025 Incentive Plan will terminate on the ten-year anniversary of its approval by the Board, unless terminated earlier by the Board.

#### Share Incentive Plan
Employees will be eligible to receive share-based awards pursuant to the U.K. SIP, pursuant to which 227,083 shares will be available for issuance. We expect participation to be limited to employees who reside in the U.K.

Participants in the U.K. SIP may be awarded up to £3,600 of unrestricted shares each tax year (“free shares”). In addition, participants may purchase from their salary, on a pre-tax basis, shares having a value of up to £1,800 per annum (or 10% of gross taxable income, if lower) (“partnership shares”). For each partnership share purchased, the participant can receive an additional two free “matching shares” (in addition to the allowance for free shares

<div align='center'>195</div>

described above). Any dividends paid on free shares, partnership shares or matching