FORM OF NON-COMPETITION AGREEMENT



 


Exhibit 10.7



 

NON-COMPETITION AGREEMENT











AMONG











ACCENTURE SCA











and











THE PARTNERS PARTY HERETO











Dated as of April 18, 2001





	 Table of Contents


	 	 Page


	 	 
	
Section 1. Non-Competition Covenants
	 3


	 	 


	
Section 2. Remedies Upon Breach
	 8


	 	 


	
Section 3. Governing Law
	 9


	 	 


	
Section 4. Resolution of Disputes
	 9


	 	 


	
Section 5. Amendment; Waiver
	 11


	 	 


	
Section 6. Notice
	 11


	 	 


	
Section 7. Severability
	 12


	 	 


	
Section 8. Change in Control
	 13


	 	 


	
Section 9. Entire Agreement
	 13


	 	 


	
Section 10. Further Assurances
	 13


	 	 


	
Section 11. Execution in Counterparts
	 13


	 	 


	 
Appendix A - Competitive Enterprises



	 


	 	 


	 
Appendix B - Liquidated Damages



	 


	 	 


	 
Appendix C - Pledge Agreement



	 







      This Non-Competition Agreement, dated as of April 18, 2001 (as amended, supplemented, waived or otherwise modified from time to time
in accordance with its terms, this “Agreement”), among Accenture SCA, a Luxembourg société en commandite par actions (“Accenture SCA”), and the Partners (hereinafter defined).

WITNESSETH:

     WHEREAS, each Partner is currently obligated to protect the value of his or her Member Firm(s) through certain non-competition and confidentiality covenants (the “Current
Agreements”); and

     WHEREAS, in connection with the worldwide reorganization of the business and operations of the Accenture Worldwide Organization currently conducted through the Member Firm
Inter-Firm organization structure (“Accenture”) into a unified corporate holding company structure with Accenture Ltd, an exempted company limited by shares organized under the laws of Bermuda (registered number EC30090) (“Accenture
Ltd”), as the top-tier holding company, and Accenture SCA as the second-tier holding company (the “Transaction”), each of the Accenture partners will exchange their ownership interests in his or her Member Firm(s) for shares of
Accenture Ltd or Accenture SCA, as the case may be (including, in the case of Canadian Accenture partners, shares of a Canadian indirect subsidiary of Accenture Ltd which, for purposes of this Agreement, shall be treated as Accenture Ltd shares);
and

     WHEREAS, each Partner acknowledges and agrees that, in connection with and as a result of the Transaction, such Partner will receive shares of Accenture SCA which will materially
benefit the Partner; and

     WHEREAS, each Partner acknowledges and agrees that the consideration such Partner will receive in connection with the Transaction is in exchange for the Partner’s interests
in his or her Member Firm(s) that the Partner is transferring directly or indirectly to Accenture SCA; and




     WHEREAS, each Partner acknowledges and agrees that it is essential to the success of the initial public offering (“IPO”) by Accenture Ltd of its Class A common
shares and the enterprise in the future, and it will be so represented in connection therewith, that the Member Firm interests that are being transferred by the Accenture partners to Accenture Ltd or Accenture SCA in connection with the Transaction
be protected by non-competition agreements similar to the Current Agreements; and

     WHEREAS, each Partner acknowledges and agrees that in connection with the Transaction, and in the course of such Partner’s subsequent employment with Accenture SCA or its
affiliates, the Partner has been and will be provided with access to sensitive and proprietary information about the clients, prospective clients, knowledge capital and business practices of Accenture SCA or its affiliates, and has been and will be
provided with the opportunity to develop relationships with clients, prospective clients, employees and other agents of Accenture SCA or its affiliates, and each Partner further acknowledges that such proprietary information and relationships are
extremely valuable assets in which Accenture SCA or its affiliates have invested and will continue to invest substantial time, effort and expense and which represent a significant component of the value of the Transaction to the other owners of
Accenture SCA and the owners of Accenture Ltd; and

     WHEREAS, each Partner acknowledges and agrees that the other owners of Accenture SCA and the owners of Accenture Ltd would suffer significant and irreparable harm from such
Partner competing with Accenture SCA or its affiliates for a period of time after the IPO or after the termination of the Partner’s employment with Accenture SCA or its affiliates; and




     WHEREAS, each Partner agrees that he or she is willing to enter into this Agreement on the basis of, and in consideration of, all or substantially all of the Accenture partners
entering into this Agreement or similar agreements; and

     WHEREAS, it is a condition precedent to each Partner participating in the Transaction that such Partner agree to be bound by the covenants contained herein; 

     NOW, THEREFORE, for good and valuable consideration, each Partner and Accenture SCA (each, a “Party”; collectively, the “Parties”) hereby covenant and agree
to the following restrictions which the Partner acknowledges and agrees are reasonable and necessary for the other owners of Accenture SCA and the owners of Accenture Ltd to have and enjoy the full benefit of the business interests acquired in
connection with the Transaction and which will not unnecessarily or unreasonably restrict such Partner’s professional opportunities should his or her employment with Accenture SCA or its affiliates terminate:

     

Section 1. Non-Competition Covenants

     (a) Each Partner shall not, for a period ending on the later of five (5) years following the date of the IPO, or eighteen (18) months following the termination of such
Partner’s employment with Accenture SCA or any of its affiliates (the “Restricted Period”):

     (i) associate (including, but not limited to, association as a sole proprietor, owner, employer, partner, principal, investor, joint venturer, shareholder, associate,
employee, member, consultant, contractor or otherwise) with any Competitive Enterprise or any of the affiliates, related entities, successors, or assigns of any Competitive Enterprise and in connection with such association engage in Consulting
Services, provided, however, that with respect to the equity of any Competitive Enterprise which is or becomes publicly traded, such Partner’s ownership as a passive investor of less than 1% of the outstanding publicly traded stock of a
Competitive Enterprise shall not be deemed a violation of Section 1(a)(i) of this Agreement; 




     (ii) directly or indirectly (a) solicit, or assist any other individual, person, firm or other entity in soliciting, any Client or Prospective Client for the
purpose of performing or providing any Consulting Services; or (b) perform or provide, or assist any other individual, person, firm or other entity in performing or providing, Consulting Services for any Client or Prospective Client; or (c)
interfere with or damage (or attempt to interfere with or damage) any relationship and/or agreement between Accenture SCA or any of its affiliates and a Client or Prospective Client; or

     (iii) directly or indirectly, solicit, employ or retain, or assist any other individual, person, firm or other entity in soliciting, employing or retaining, any employee
or other agent of Accenture SCA or any of its affiliates, including, without limitation, any former employee or other agent of Accenture SCA or any of its affiliates or any of their predecessors (including, but not limited to, Accenture and any of
its affiliates) who ceased working for Accenture SCA or any of its affiliates or any of their predecessors within an eighteen month period before or after the date on which such Partner’s employment with Accenture SCA or any of its affiliates
terminated, in connection with or for the purpose of performing or providing Consulting Services.

     (b) For purposes of this Agreement, the following definitions shall apply:

     (i) The term “Accenture SCA General Partner” shall mean the general partner of Accenture SCA.

     (ii) The term “Act” shall mean the Securities Exchange Act of 1934, as amended, or any successor thereto.

     (iii) The term “Beneficial Owner” shall mean a beneficial owner as such term is defined in Rule 13d-3 under the Act (or any successor rule thereto). 




     (iv) The term “Board” shall mean the Board of Directors of the Accenture SCA General Partner.

     (v) The term “Change in Control” shall mean the occurrence of any of the following events:

     (a) any Person (other than (i) a Person holding securities representing 10% or more of the combined voting power of the Accenture SCA General Partner’s outstanding
securities as of the date of the IPO (a “Pre-Existing Shareholder”), (ii) the Accenture SCA General Partner, any trustee or other fiduciary holding securities under an employee benefit plan of the Accenture SCA General Partner, or (iii)
any company owned, directly or indirectly, by the shareholders of the Accenture SCA General Partner in substantially the same proportions as their ownership of shares of the Accenture SCA General Partner) becomes the Beneficial Owner, directly or
indirectly, of securities of the Accenture SCA General Partner, representing (I) 20% or more of the combined voting power of the Accenture SCA General Partner’s then-outstanding securities and (II) more of the combined voting power of the
Accenture SCA General Partner’s then-outstanding Shares than the Pre-Existing Shareholders in the aggregate;

     (b) during any period of twenty-four consecutive months (not including any period prior to the IPO), individuals who at the beginning of such period constitute the Board,
and any new director (other than a director nominated by any Person (other than the Accenture SCA General Partner) who publicly announces an intention to take or to consider taking actions (including, but not limited to, an actual or threatened
proxy contest) which if consummated would constitute a Change in Control under (a), (c) or (d) of this Section 1(b)(v)) whose election by the Board or nomination for election by the Accenture SCA General Partner’s shareholders was approved by a
vote of at least two-thirds of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to constitute at least a
majority thereof;




     (c) the consummation of any transaction or series of transactions resulting in a merger or consolidation, in which the Accenture SCA General Partner is involved, other
than a merger or consolidation which would result in the shareholders of the Accenture SCA General Partner immediately prior thereto continuing to own (either by remaining outstanding or by being converted into voting securities of the surviving
entity), in the same proportion as immediately prior to the transaction(s), more than 50% of the combined voting power of the voting securities of the Accenture SCA General Partner or such surviving entity outstanding immediately after such merger
or consolidation; or

     (d) the complete liquidation of the Accenture SCA General Partner or the sale or disposition by the Accenture SCA General Partner of all or substantially all of the
Accenture SCA General Partner’s assets, other than a liquidation of the Accenture SCA General Partner into a wholly-owned subsidiary.

     (vi) The term “Client” shall mean any person, firm, corporation or other organization whatsoever for whom Accenture SCA or any of its affiliates or any of their
predecessors (including, but not limited to, Accenture and its affiliates) provided services within an eighteen month period before or after the date on which the Partner’s employment with Accenture SCA or any of its affiliates terminated.


     (vii) The term “Competitive Enterprise” shall mean a business enterprise that engages in, or owns or controls a significant interest in any entity that engages
in, the performance of services of the type provided by Accenture SCA or any of its affiliates or any of their predecessors (including, but not limited to, Accenture and its affiliates) at any time, past, present or future. “Competitive
Enterprise” shall include, but not be limited to, the entities set forth on Appendix A hereto. Accenture SCA may publish to the Partners from time to time a revised Appendix A. 




     (viii) The term “Consulting Services” shall mean the performance of any services of the type provided by Accenture SCA or any of its affiliates or any of their
predecessors (including, but not limited to, Accenture and its affiliates) at any time, past, present or future.

     (ix) The term “employment” shall mean employment by and/or engagement with Accenture SCA or any of its affiliates. 

     (x) The term “Partners” (each, a “Partner”) shall mean those persons other than Accenture SCA who agree to be bound hereby.

     (xi) The term “Person” shall mean a person as such term is used for purposes of Section 13(d) or 14(d) of the Act. 

     (xii) The term “Prospective Client” shall mean any person, firm, corporation, or other organization whatsoever with whom Accenture SCA or any of its affiliates
or any of their predecessors (including, but not limited to, Accenture and its affiliates) have had any negotiations or discussions regarding the possible performance of services within the eighteen months preceding the Partner’s termination of
employment with Accenture SCA or any of its affiliates.

     (xiii) The term “Shares” shall mean the Class A common shares of the Accenture SCA General Partner.

     (xiv) The term “solicit” shall mean to have any direct or indirect communication of any kind whatsoever, regardless of by whom initiated, inviting, advising,
encouraging or requesting any person or entity, in any manner, to take or refrain from taking any action. 




     (c) Each Partner’s Country Company Managing Director is authorized to waive any or all of the foregoing restrictions, or any portion thereof, provided, however, that
the Country Company Managing Director must first obtain the written consent to such waiver of the Chief Executive Officer of the Accenture SCA General Partner, who may grant or withhold such consent in his or her sole and absolute
discretion.

     

Section 2. Remedies Upon Breach

     (a) Damages 

     Each Partner agrees that if such Partner were to breach any provisions of this Agreement, Accenture SCA would suffer damages that are not readily ascertainable. Accordingly, in
addition to and without limiting any remedies in law or in equity that may be available to Accenture SCA for the breach of this Agreement, including, but not limited to, injunctive and other equitable relief, each Partner agrees that in the event of
a breach of this Agreement by such Partner, as reasonably determined by the Supervisory Board of Accenture SCA, such Partner shall pay to Accenture SCA immediately following such determination and a written demand therefor, a cash payment in the
amount designated for the Partner on Appendix B hereto or such lesser amount as may be designated by the Supervisory Board of Accenture SCA in its sole and absolute discretion, as and for liquidated damages (“Liquidated Damages”). Each
Partner acknowledges and agrees that the payment required by this Section is a reasonable forecast of the damages likely to result from such breach and is not a penalty of any kind.

     Each Partner agrees that the Liquidated Damages shall be secured by the shares of Accenture SCA received by the Partner in the Transaction, pursuant to the Pledge Agreement dated
as of the date hereof, attached as Appendix C hereto (“Pledge Agreement”), which is incorporated herein by reference and made a part of this Agreement. 




    Each Partner further agrees that the payment of Liquidated Damages shall not be construed as a release or waiver by Accenture SCA of the right to prevent the continuation of any such
breach of this Agreement in equity or otherwise and shall not preclude or be construed to preclude Accenture SCA from making a showing of irreparable injury or any other element that may be necessary to secure injunctive relief.

     (b) Injunctive Relief

     Each Partner acknowledges and agrees that Accenture SCA’s remedy at law for any breach of the covenants contained herein would be inadequate and that for any breach of such
covenants, Accenture SCA shall, in addition to other remedies as may be available to it at law or in equity, or as provided for in this Agreement, be entitled to an injunction, restraining order, or other equitable relief, without the necessity of
posting a bond, restraining the Partner from committing or continuing to commit any violation of the covenants. Each Partner agrees that proof shall not be required that monetary damages for breach of the provisions of this Agreement would be
difficult to calculate and that remedies at law would be inadequate.

     

Section 3. Governing Law

     This Agreement and the rights and duties of the Parties thereunder shall be governed by and construed and enforced in accordance with the laws of the State of New York, without
regard to principles of conflicts of laws.

     

Section 4. Resolution of Disputes

     (a) Any and all disputes arising out of, relating to or in connection with this Agreement and/or the Pledge Agreement (together, the “Agreements”), including,
but not limited to, disputes relating to the validity, negotiation, execution, interpretation, performance or non-performance of the Agreements (including the validity, scope and enforceability of this arbitration provision), shall be finally
settled by arbitration conducted by a single arbitrator in New York. The proceedings shall be conducted pursuant to the then-existing Rules of Arbitration of the International Chamber of Commerce, except that the Parties may select an arbitrator who
is a national of the same country as one of the Parties. If the Parties to the dispute fail to agree on the selection of an arbitrator within thirty (30) days of the receipt of request for arbitration, either Party may apply to the International
Chamber of Commerce to make the appointment. The arbitrator shall be a lawyer and shall conduct the proceedings in the English language. 




     (b) Notwithstanding the provisions of Paragraph (a) of this Section 4, Accenture SCA may bring an action or special proceeding in any court of competent jurisdiction for
the purpose of compelling a Partner to arbitrate, seeking temporary or preliminary relief pending resolution of a dispute between the Parties and/or enforcing an arbitration award, and, for the purposes of this Paragraph (b), each Partner (i)
expressly consents to the application of Paragraph (c) of this Section 4 to any such action or proceeding and (ii) irrevocably appoints the General Partner of Accenture SCA, 398 Route d’Esch, L-1471, Luxembourg (or, if different, the
then-current corporate seat of Accenture SCA) as such Partner’s agent for service of process in connection with any such action or proceeding and agrees that service of process upon such agent, who shall promptly advise such Partner of any such
service of process, shall be deemed in every respect effective service of process upon the Partner in any such action or proceeding.

     (c) (i) The Parties hereby irrevocably submit to the non-exclusive jurisdiction of the courts of the State of New York and the courts of the United States of America
located in the State of New York for the purpose of any judicial proceeding brought in accordance with the provisions of Paragraph (b) of this Section 4, or any judicial proceeding ancillary to an arbitration or contemplated arbitration arising out
of or relating to or concerning the Agreements. Such ancillary judicial proceedings include any suit, action or proceeding to compel arbitration, to obtain temporary or preliminary judicial relief in aid of arbitration, or to confirm an arbitration
award. The Parties acknowledge that the fora designated by this Paragraph (c) have a reasonable relation to the Agreements, and to the Parties’ relationship with one another. 




     (ii) The Parties hereby waive, to the fullest extent permitted by applicable law, any objection which they now or hereafter may have to personal jurisdiction or to the laying of
venue of any such ancillary suit, action or proceeding brought in any court referred to in Paragraph (c)(i) of this Section 4, and the Parties agree not to plead or claim the same. 

     

Section 5. Amendment; Waiver

     This Agreement may not be modified, other than by a written agreement executed by the Partner and Accenture SCA, nor may any provision hereof be waived other than by a writing
executed by Accenture SCA. 

     The waiver by Accenture SCA of any particular default by a Partner shall not affect or impair the rights of Accenture SCA with respect to any subsequent default of the same or of
a different kind by such Partner or a different Partner; nor shall any delay or omission by Accenture SCA to exercise any right arising from any default by a Partner affect or impair any rights that Accenture SCA may have with respect to the same or
any future default by such Partner or a different Partner. 

     

Section 6. Notice

     (a) Any communication, demand or notice to be given hereunder will be duly given (and shall be deemed to be received) when delivered in writing by hand or first class mail
or by telecopy to a party at its address as indicated below:




If to a Partner, 





c/o Accenture SCA


398 Route d’Esch


L-1471


Luxembourg


Telecopy: (352) 48 18 28 3419


Attention: General Partner


(or, if different, the then-current corporate seat of Accenture SCA)





If to Accenture SCA, 





398 Route d’Esch


L-1471


Luxembourg


Telecopy: (352) 48 18 28 3419


Attention: General Partner


(or, if different, the then-current corporate seat of Accenture SCA)





     (b) Accenture SCA shall be responsible for notifying each Partner of the receipt of a communication, demand or notice under this Agreement relevant to such Partner, in
writing, at the address of such Partner then in the records of Accenture SCA (and each Partner shall notify Accenture SCA of any change in such address for communications, demands and notices) or by electronic mail to the principal electronic
address of such person maintained by Accenture SCA.

     (c) Unless otherwise provided to the contrary herein, any notice which is required to be given in writing pursuant to the terms of this Agreement may be given by telecopy.


     

Section 7. Severability

     If any provision of this Agreement shall be held or deemed to be invalid, illegal, or unenforceable in any jurisdiction, for any reason, the invalidity of that provision shall
not have the effect of rendering the provision in question unenforceable in any other jurisdiction or in any other case or of rendering any other provisions herein unenforceable, but the invalid provision shall be substituted with a valid provision
which most closely approximates the intent and the economic effect of the invalid provision and which would be enforceable to the maximum extent permitted in such jurisdiction or in such case.






Section 8. Change in Control

     Notwithstanding any provision in this Agreement to the contrary, this Agreement shall terminate in the event of a Change in Control after the IPO.

     

Section 9. Entire Agreement

     This Agreement and the Pledge Agreement contain the entire agreement between the Parties with respect to the subject matter therein and supersede all prior oral and written
agreements between the Parties pertaining to such matters.

     

Section 10. Further Assurances

     Each Partner agrees to execute all such further instruments and documents and to take all such further action as may be reasonably necessary to effect the terms and purposes of
this Agreement.

     

Section 11. Execution in Counterparts

     This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all such counterparts shall together constitute one
agreement.




     IN WITNESS WHEREOF, the parties hereto have duly executed or caused to be duly executed this Non-Competition Agreement as of the date first above written.









ACCENTURE SCA


By: ACCENTURE LTD, its General Partner








By _________________________________


      Name:


      Title:












[Signature blocks of Partners set forth separately.]

 


APPENDIX C TO NON-COMPETITION AGREEMENT

PLEDGE AGREEMENT

     PLEDGE AGREEMENT, dated as of April 18, 2001 (this “Agreement”), among Partners Security Ltd (the “Pledgee”) and each other entity and
individual, other than the Pledgee, agreeing to be bound hereby (each, a “Pledgor” and, collectively, the “Pledgors”). Terms used herein and not otherwise defined shall have the meanings ascribed to them in the
Non-Competition Agreement referred to below.

WITNESSETH

     WHEREAS, in connection with each Pledgor’s participation in the Transaction, each Partner and Accenture SCA, a Luxembourg société en commandite par action (“Accenture SCA”) have entered into the Non-Competition Agreement attached hereto (the “Non-Competition
Agreement”), into which this Agreement is incorporated by reference and of which this Agreement is a part, in respect of, inter alia, each Partner’s obligations not to engage in competitive activities and not to solicit Accenture
SCA’s clients or employees for the Restricted Period (the “Obligations”). In addition, each Partner has agreed under the Non-Competition Agreement to certain provisions regarding choice of law, arbitration, injunctive relief
and submission to jurisdiction with respect to the enforcement of the Obligations.

     WHEREAS, pursuant to the Non-Competition Agreement, each Partner has agreed to pay a certain amount of liquidated damages (with respect to any Partner, such Partner’s
“Liquidated Damages”) to Accenture SCA in respect of any breach by such Partner of the Obligations set forth in the Non-Competition Agreement. As security for the timely payment of the Liquidated Damages, each Pledgor has agreed to
pledge to the Pledgee (i) all of such Pledgor’s Covered Shares, as such term is defined in the Transfer Rights Agreement, dated as of April 18, 2001 (as amended, supplemented, waived or otherwise modified from time to time in accordance with
its terms, the “Transfer Rights Agreement”), among Accenture SCA and the Covered Persons (defined therein) and (ii) any shares of Accenture Ltd, an exempted company limited by shares organized under the laws of Bermuda (registered
number EC30090) (“Accenture Ltd”), for or into which any such shares described in clause (i) are redeemable under the Articles of Association of Accenture SCA ((i) and (ii) together, the “Covered Shares”).


     NOW, THEREFORE, in consideration of the promises contained herein and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the
parties hereto agree as follows:

     1.   Pledge. (a) As collateral security for the full and timely payment of Liquidated Damages, each Pledgor
hereby pledges to the Pledgee and creates for the benefit of the Pledgee a perfected first priority security interest and pledge (gage) in the Covered Shares in which such Pledgor now has or at any time in the future may acquire any right,
title or interest (and all certificates or other instruments or documents evidencing the Covered Shares, if any) and, except as set forth in Section 2(a), all proceeds thereof (together with any securities or property to be delivered to the Pledgee
pursuant to Section 2(b)) and, upon substitution or delivery in accordance with Section l(b), any Substitute Collateral (as defined in Section 1(b)) and all proceeds thereof (collectively, the “Pledged Securities”). Notwithstanding
the foregoing, at the request of a Pledgor and upon the prior written consent of the Pledgee (which consent shall be granted in the sole discretion of the Pledgee), such Pledgor may grant a first priority security interest in the Pledged Securities
to another entity (a “Permitted Prior Pledgee”), in which case, the pledge by such Pledgor hereunder shall be a second priority security interest in the Pledged Securities. In furtherance of the foregoing, with respect to Pledged
Securities that are Class I Common Shares of Accenture SCA (the “Accenture SCA Shares”), in order to have the pledge over such Accenture SCA Shares perfected under Luxembourg law:





(1) such Pledgor and the Pledgee give irrevocable and unconditional power to and instruct any person designated by the general partner of Accenture SCA to that effect, any of the members of the supervisory
board of Accenture SCA and any lawyer of Beghin & Feider in association with Allen & Overy forthwith, upon execution of the present Agreement, to register the pledge over the Accenture SCA Shares in the share register of Accenture SCA in the
name of the Pledgee or, at the Pledgee’s option, its nominee, in accordance with article 114 (3) (c) of the Luxembourg Code of Commerce and to undertake all further steps or formalities in relation therewith;


(2) such Pledgor irrevocably authorizes and empowers the Pledgee and any lawyer of Beghin & Feider in association with Allen & Overy to cause any formal steps to be taken by the general partner of
Accenture SCA or any person designated by the general partner to that effect or other officers of Accenture SCA for the purpose of perfecting the pledge over the Accenture SCA Shares; 


(3) such Pledgor undertakes to bring, promptly and no later than five days after the earlier of the execution hereof and the acquisition by such Pledgor of Accenture SCA Shares, satisfactory evidence to
Pledgee of such notification or acceptance and recording in the share register of Accenture SCA including, without limitation, a certified true copy of the page or the pages bearing the recording of the pledge over the Accenture SCA Shares, and the
registration of the name of Pledgor, or, at Pledgor’s option, its nominee, in the share register of Accenture SCA; and


(4) such Pledgor agrees with the Pledgee and, for the avoidance of doubt, confirms that the pledge over such Accenture SCA Shares includes any additional shares of Accenture SCA which such Pledgor may own or
hold from time to time without there being a need to accomplish any additional formalities at such point in time, it being understood however that the Pledgor undertakes to reiterate on demand by the Pledgee the above formalities each time that the
pledge over the Accenture SCA Shares is extended to further shares of Accenture SCA, should the Pledgee or its counsel deem such formalities necessary or appropriate in order to protect the interests and rights of the Pledgee hereunder.





     (b) During the term of this Agreement, a Pledgor may substitute for Pledged Securities readily marketable direct obligations of the United States, any agency thereof, or any
triple-A rated sovereign, or other collateral acceptable to the Pledgee in its sole and absolute discretion (such collateral, other than Covered Shares, the “Substitute Collateral”) with a Fair Market Value on the date of
substitution equal to or greater than the Fair Market Value on such date of the Pledged Securities to be released in exchange therefor. Upon such substitution, the Pledged Securities replaced by such Substitute Collateral shall be released from the
pledge hereunder. Each Pledgor agrees to deliver to the Pledgee such documents and to take such action deemed necessary or appropriate by the Pledgee to give the Pledgee a first priority perfected security interest in the Substitute Collateral,
provided that in cases where a security interest in the Pledged Securities has been granted to a Permitted Prior Pledgee, the Pledgee shall receive a second priority perfected interest in the Substitute Collateral.

     (c) If a Pledgor is not prohibited from doing so by the terms of the Transfer Rights Agreement or any other written agreement with Accenture SCA or Accenture Ltd, or any law or
regulation or Accenture SCA or Accenture Ltd policy (collectively, the “Restrictions”) and, if at the time of the transfer, no Payment Event (as defined below) has occurred or is continuing with respect to such Pledgor (or the
Partner who controls such Pledgor), this Agreement shall not prohibit such Pledgor from disposing of Covered Shares and receiving the proceeds thereof (such disposition, a “Permitted Disposition”).

     (d) For purposes of this Agreement, the “Fair Market Value” of any Pledged Security means, as of any date (1) in the case of Pledged Securities, if any, that are
Class A common shares of Accenture Ltd (the “Class A common shares”), the average of the daily closing prices for Class A common shares of Accenture Ltd on the principal securities exchange or market on which the Class A common
shares are traded for the 20 consecutive business days before the date in question (the “Average Closing Price”); provided, however, that the Fair Market Value of Class A common shares for purposes of determining the amount of
Substitute Collateral necessary to deliver in lieu of the Covered Shares during the first 20 business days following the date of the IPO shall be deemed to be the initial public offering price in the initial public offering by Accenture Ltd of its
Class A common shares; and provided, further, that in connection with any enforcement of the security interest granted hereunder by the Pledgee in respect of the Class A common shares under Section 3 hereof, the Average Closing Price shall be
determined as the average of the daily closing prices for Class A common shares on the principal securities exchange or market on which the Class A common shares are traded for the 20 consecutive business days before the date the Enforcement Notice
(as hereafter defined) was given, (2) in the case of Pledged Securities that are Class I Common Shares of Accenture SCA, the Fair Market Value of Class A common shares, determined in accordance with clause (i), multiplied by the Exchange Ratio (as
such term is defined in the Articles of Association of Accenture SCA) and (3) otherwise, the fair market value thereof as determined in good faith by the Pledgee. Any good faith determination by the Pledgee of the Fair Market Value of any Pledged
Security will be binding on each Pledgor.

     (e) Each Pledgor shall deliver to the Pledgee, promptly upon receipt thereof, all certificates or other instruments or documents, if any, evidencing the Pledged Securities
together with such other documents deemed necessary or appropriate by the Pledgee to give the Pledgee control (as defined in the Uniform Commercial Code of the State of New York (the “UCC”)) or otherwise to perfect the security
interest granted hereunder (such transfer powers and other appropriate documents, the “Perfection Documents”) in respect of Pledged Securities, and will deliver Perfection Documents for all Pledged Securities to be pledged hereunder
from time to time. Each Pledgor hereby authorizes the issuer of any Covered Shares issued to such Pledgor and any transfer agent in respect of such Covered Shares to deliver any certificate or other instruments or documents, if any, evidencing such
Covered Shares to the Pledgee or its delegate.

 


     2.   Administration of Security. The following provisions shall govern the administration of Pledged
Securities:

     (a) (1) So long as no Payment Event (as defined below) has occurred and is continuing with respect to a Pledgor (or the Partner who controls such Pledgor), such Pledgor shall
(subject to the terms of the Transfer Rights Agreement or any other agreement governing the Pledged Securities) be entitled to vote Pledged Securities and to exercise all of such Pledgor’s rights in respect of the Pledged Securities (subject to
the terms of the Transfer Rights Agreement or any other agreement governing the Pledged Securities), and to receive and retain all cash dividends and distributions or interest in respect of Pledged Securities and, except as set forth in Section 2(b)
below, other distributions thereon and to give consents, waivers and, if applicable, ratifications in respect thereof. As used herein, a “Payment Event”, as to any Pledgor, shall mean the failure by such Pledgor (or the Partner who
controls such Pledgor) to make any payment of Liquidated Damages upon demand by Accenture SCA therefor as provided in the Non-Competition Agreement.

          (2) Notwithstanding the other provisions contained herein, so long as no Payment Event has occurred and is continuing with respect to a Pledgor (or
the Partner who controls such Pledgor), such Pledgor shall be entitled to receive the proceeds from Permitted Dispositions of Pledged Securities pursuant to and subject to Section 1(c) hereof.

     (b) If a Pledgor becomes entitled to receive, or receives, any certificate representing Pledged Securities (or other share or security that may succeed Pledged Securities or any
share or security issued as a dividend or distribution in respect of Pledged Securities) in respect of any stock split, reverse share split, share dividend, spinoff, splitup, merger or other combination, exchange or distribution in connection with
any reclassification, increase or reduction of capital, in each case, with respect to Pledged Securities, Pledgor agrees to deliver to the Pledgee such documents and to take such action deemed necessary or appropriate by the Pledgee to give the
Pledgee a first priority perfected security interest in such certificates, as additional collateral security for Liquidated Damages, provided that in cases where a security interest in the Pledged Securities has been granted to a Permitted Prior
Pledgee, the Pledgee shall receive a second priority perfected security interest in such collateral.

     (c) Each Pledgor hereby agrees that the Pledgee is authorized to hold Pledged Securities through one or more custodians or, in relation to any Pledged Securities, to engage any
agent or agents to enforce its rights under this Agreement in respect of the Pledged Securities in which case the identity of such custodian or agent shall be made known to the relevant Pledgor if and when required by applicable law. The Pledgee and
its agents (and its and their assigns) shall have no obligation in respect of Pledged Securities, except to hold and dispose, or direct the disposition of, or purchase the Pledged Shares in accordance with the terms of this Agreement. In the event
that a Pledgor substitutes cash for Pledged Securities as provided in Section l(b), the Pledgee shall determine in its sole discretion the manner in which such cash shall be invested during the term of this Agreement.

   





     (d) Each Pledgor agrees with the Pledgee that: (i) such Pledgor will not, and will not purport to, grant or suffer liens or encumbrances against (excluding for such purpose the
Transfer Rights Agreement or any other agreement governing the Pledged Securities and such liens and encumbrances granted to or in favor of Permitted Prior Pledgees and the Pledgee), or except as provided in Section 1(c), sell, transfer or dispose
of, any Pledged Securities other than to or in favor of a Permitted Prior Pledgee or the Pledgee; (ii) the Pledgee is authorized, at any time and from time to time, to file financing statements and other recording instruments and give notice to
third parties regarding Pledged Securities without such Pledgor’s signature to the extent permitted by applicable law, to transfer all or any part of the Pledged Securities to the Pledgee’s name or that of its nominee, and, subject to the
provisions of Section 2(a), to exercise all rights as if the absolute owner thereof; and (iii) each Pledgor shall, promptly upon request by the Pledgee, provide the Pledgee with such Pledgor’s true legal name and principal residence or chief
executive office and jurisdiction of organization, and, thereafter, such Pledgor will not change such Pledgor’s name or address or chief executive office or jurisdiction of organization without 30 days’ prior written notice to the
Pledgee.

     (e) Subject to the earlier disposition and application of Pledged Securities pursuant to this Agreement following a Payment Event in respect of a Pledgor (or the Partner who
controls such Pledgor), Pledged Securities pledged by a Pledgor under this Agreement shall be released from the pledge hereunder, and the lien hereby created in such Pledged Securities shall simultaneously be released, upon the earliest to occur of
(i) such Pledgor’s death or the death of the Partner who controls such Pledgor, (ii) the expiration of the Restricted Period, (iii) payment in cash or other satisfaction by such Pledgor of all Liquidated Damages, (iv) the Permitted Disposition
of such Pledged Securities or (v) a Change in Control. Notwithstanding the foregoing, no Pledged Securities pledged by a Pledgor pursuant to this Agreement shall be released from the pledge hereunder pursuant to this Section 2(e), if a Payment Event
has occurred and is continuing with respect to such Pledgor (or the Partner who controls such Pledgor) or if there are one or more pending disputes between such Pledgor and Accenture SCA as to the occurrence of a Payment Event or as to the right of
Accenture SCA to exercise its remedies under the Non-Competition Agreement or as to the right of the Pledgee to exercise its remedies under this Agreement, including realization against Pledged Securities in accordance with Section 3 hereof, and
this Agreement shall not terminate until the resolution of all such disputes.

     (f) The Pledgee shall immediately upon request by a Pledgor execute and deliver to such Pledgor such instruments, deeds, transfers, assurances and agreements, in form and
substance as such Pledgor shall reasonably request, including the withdrawal or termination of any financing statements and amendments thereto, or the filing, withdrawal, termination or amendment of any other document required under applicable law
to evidence the termination of the security interest created hereunder with respect to any securities that are released from the pledge hereunder in accordance with the provisions of this Agreement.

 


     3.   Remedies in Case of a Payment Event. (a) If a Payment Event has occurred and is continuing with
respect to a Pledgor (or the Partner who controls such Pledgor), the Pledgee shall have the rights and remedies of a secured party under Article 9 of the UCC to the extent permitted by applicable law with respect to such Pledgor. 

     (b) If the Pledgee elects to sell the Pledged Securities pledged by a Pledgor as a remedy hereunder, to the extent required and permitted by applicable law, the Pledgee will give
such Pledgor notice of the time and place of any public sale or of the time after which any private sale or other disposition of such Pledged Securities is to be made, by sending notice at least three days before the time of sale or disposition,
which each Pledgor hereby agrees is reasonable. The Pledgee need not give such notice if not required by the UCC or other applicable law. Each Pledgor acknowledges the possibility that the public sale of some or all Pledged Securities by the Pledgee
may not be made without a then existing and effective registration statement under the Securities Act of 1933, as amended. Each Pledgor acknowledges and agrees with the Pledgee that the Pledgee has no affirmative obligation to prepare or keep
effective any such registration statement and agrees that at any private sale Pledged Securities pledged by a Pledgor may be sold at a price that is less than the price which might have been obtained at a public sale or that is less than the
aggregate outstanding amount of Liquidated Damages of such Pledgor (or the Partner who controls such Pledgor). Any proceeds from the sale of such Pledged Securities in excess of the then outstanding Liquidated Damages of such Pledgor (or the Partner
who controls such Pledgor) will continue to be held as Pledged Securities under this Agreement until returned in accordance with Section 2(e). 

     (c) The Pledgee may, as a remedy hereunder and to the extent permitted by applicable law, (i) take ownership of or (ii) purchase in accordance with S42A of the Companies Act 1981
of Bermuda, in each case, such number of Pledged Securities pledged by a Pledgor as have a value (based upon the Fair Market Value thereof) equal to, or as near as possible equal to, the then unpaid portion of Liquidated Damages of such Pledgor (or
the Partner who controls such Pledgor) (in either case, without payment of any cash consideration to the Pledgor) by giving written notice to the applicable Pledgor (the “Enforcement Notice”). Effective upon the giving of the
Enforcement Notice, and without further action on the part of the parties to this Agreement, the Pledgee shall be deemed to have (1) taken ownership (to the extent permitted by applicable law) or purchased, and disposed of the lesser of (A) all such
Pledged Securities or (B) such whole number of such Pledged Securities as has a Fair Market Value equal to, or as near as possible equal to, the then unpaid Liquidated Damages of such Pledgor (or the Partner who controls such Pledgor); and (2)
received proceeds in the amount of the Fair Market Value of such Pledged Securities and applied such proceeds to the payment of any then unpaid Liquidated Damages of the applicable Pledgor (or the Partner who controls such Pledgor). Any proceeds
from the deemed sale of such Pledged Securities in excess of the then outstanding Liquidated Damages of the applicable Pledgor (or the Partner who controls such Pledgor) will continue to be held as Pledged Securities under this Agreement until
returned in accordance with Section 2(e). Nothing in this Agreement, however, shall require the Pledgee to take ownership of or to purchase Pledged Securities in accordance with this Section 3 in order to satisfy an obligation of a Pledgor (or the
Partner who controls such Pledgor) to pay Liquidated Damages.

     (d) If a Payment Event has occurred and is continuing with respect to a Pledgor (or the Partner who controls such Pledgor), the Pledgee (subject to the terms of the Transfer
Rights Agreement or any other agreement governing the Pledged Securities) shall be entitled to vote such Pledgor’s Pledged Securities and to exercise all of such Pledgor’s rights in respect of such Pledged Securities, and to receive and
retain all cash dividends and distributions or interest in respect of such Pledged Securities, and other distributions thereon and to give consents, waivers and, if applicable, ratifications in respect thereof.

  


     (e) With respect to enforcement of the pledge of any Accenture SCA Shares, after the sending of a notice in accordance with the terms of this Section 3(b) above by registered
mail to the address of the applicable Pledgor as found in the records of Accenture SCA, the Pledgee may sell the pledged Accenture SCA Shares by way of public auction at the Luxembourg Stock Exchange in accordance with the terms of article 116 of
the Luxembourg Code of Commerce, or at the option of the Pledgee, the Pledgee may apply in accordance with the terms of article 117 of the Luxembourg Code of Commerce to a Luxembourg court and obtain the authorization from the court to appropriate,
for a value equal to the amount of unpaid Liquidated Damages, the pledged Accenture SCA Shares in satisfaction of the obligations of such Pledgor (or the Partner who controls such Pledgor) to pay Liquidated Damages.

     4.   Pledgor’s Obligations Not Affected. Except as provided in Section 10(b), the obligations of
any Pledgor under this Agreement shall remain in full force and effect without regard to, and shall not be impaired or affected by (a) any subordination, amendment or modification of or addition or supplement to this Agreement, the Non-Competition
Agreement, or any assignment or transfer thereof; (b) any exercise or non-exercise by the Pledgee or Accenture SCA of any right, remedy, power or privilege under or in respect of this Agreement, the Non-Competition Agreement, or any waiver of any
such right, remedy, power or privilege; (c) any waiver, consent, extension, indulgence or other action or inaction in respect of this Agreement, the Non-Competition Agreement, or any assignment or transfer of any thereof; (d) any bankruptcy,
insolvency, reorganization, arrangement, readjustment, composition, liquidation or the like, of Accenture SCA, whether or not any Pledgor shall have notice or knowledge of any of the foregoing; (e) any substitution of collateral pursuant to Section
l(b); or (f) any other act or omission to act or delay of any kind by any Pledgor, Accenture SCA or the Pledgee or any other person or any other circumstance whatsoever which might, but for the provisions of this clause (f), constitute a legal and
equitable discharge of any Pledgor’s obligations hereunder.

     5.   Attorneys-in-Fact. Without prejudice to the terms of Section 1(a), the Pledgee is hereby appointed
the attorney-in-fact of each Pledgor for the purpose of carrying out the provisions of this Agreement and taking any action and executing any instrument that the Pledgee reasonably may deem necessary or advisable to accomplish the purposes hereof,
which appointment as attorney-in-fact is irrevocable as one coupled with an interest. Without limiting the foregoing, each Pledgor specifically authorizes and appoints as attorney-in-fact the Pledgee to execute and deliver any undated share transfer
powers in respect of any certificates or other instruments or documents evidencing the Pledge Securities pledged hereunder by such Pledgor.

  


     6.   Notices. All notices or other communication required or permitted to be given hereunder shall be
delivered as provided in the Non-Competition Agreement.

     7.   No Third Party Beneficiaries. Except as expressly provided herein, this Agreement shall not confer
on any person other than the Pledgee and the Pledgors any rights or remedies hereunder.

     8.  Governing Law. This Agreement and the rights and duties of the parties hereunder shall be governed by and construed and enforced in accordance with the laws of
the State of New York, without regard to principles of conflict of laws, and except to the extent that the validity or perfection of a security interest created hereby or remedies hereunder are governed by the law of a jurisdiction other than the
State of New York as provided herein or in the UCC.

     9.  Resolution of Disputes. This Agreement shall be subject to the provisions of Sections 2 and 4 of the Non-Competition Agreement, which are incorporated herein by
reference and made a part of this Agreement. Any and all disputes arising out of, relating to or in connection with this Agreement, including, but not limited to, disputes relating to the validity, negotiation, execution, interpretation, performance
or non-performance of this Agreement (including the validity, scope and enforceability of the arbitration provision), shall be finally settled by arbitration in accordance with Section 4 of the Non-Competition Agreement.

     10.  Miscellaneous.

     (a) This Agreement and the Non-Competition Agreement contain the entire understanding and agreement between the Pledgors, Accenture SCA and the Pledgee with respect to the
matters expressly covered herein and therein and supersede any other agreement, written or oral, pertaining to such matters.

     (b) This Agreement may not be amended or modified with respect to any Pledgor other than by a written agreement executed by such Pledgor and the Pledgee or its successors, nor
may any provision hereof be waived other than by a document in writing by the party granting such waiver; provided, that the Pledgee may amend or modify this Agreement with respect to any Pledgor without the written consent of such Pledgor if such
amendment or modification (i) is not materially adverse to such Pledgor and (ii) is necessary or desirable in the judgment of a Permitted Prior Pledgee in order to create or perfect the security interest in the Pledged Securities granted to such
Permitted Prior Pledgee. No Pledgor may, directly or indirectly, assign such Pledgor’s rights or obligations hereunder without the prior written consent of the Pledgee or its successors, or such individual’s designee, and any such
assignment by such Pledgor in violation of this Agreement shall be void. This Agreement shall be binding upon any Pledgor’s permitted successors and assigns. Without impairing any Pledgor’s obligations hereunder, the Pledgee may at any
time and from time to time assign its rights and obligations hereunder to any of its subsidiaries or affiliates (and have such rights and obligations reassigned to it or to any other subsidiary or affiliate). This Agreement shall be binding upon and
inure to the benefit of the Pledgee and its successors and assigns.

     (c) If any provision of this Agreement is finally held to be invalid, illegal or unenforceable (whether in whole or in part), such provision shall be deemed modified to the
extent, but only to the extent, of such invalidity, illegality or unenforceability and the remaining provisions shall not be affected thereby.

     (d) The captions in this Agreement are for convenience of reference only and shall not define or limit the provisions hereof.

 


     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and delivered on the date first above written.


	  	
 PARTNERS SECURITY LTD


By:                               
                       


       Name:


      Title: