Document:

EX-10.23

 Exhibit 10.23 

Digicel Group Limited 

Notice of Grant of Share Option 

2013 Senior Executive & Directors Share Option Plan 

Notice is hereby given of the grant to the individual named below (the “Optionholder”), in consideration for the Optionholder’s agreement to
provide services to the Company or another Qualifying Company, of the following option (the “Option”) to purchase common shares of Digicel Group Limited (the “Company”) under the Company’s 2013 Senior Executive &
Directors Share Option Plan (the “Plan”): 
  

			
	Name of Optionholder:	  	 Brian Finn

		
	Address of Optionholder:	  	 Digicel Group

		  	 14 Ocean Boulevard

		  	 Kingston

		  	 Jamaica

		
	Grant Date of Option:	  	 24 March, 2014

		
	Number of Option Shares:	  	 100,000

		
	Exercise Price:	  	 US$36.75 per Option Share

		
	Vesting Commencement Date:	  	 31 October 2014

		
	Exercise\Vesting Schedule:	  	The Option shall become exercisable for the Option Shares in a series of cumulative instalments over the Optionholder’s period of service as a Service Provider in accordance with the following schedule:-

  

					
	 Date
	  	Maximum Shares to Become
Exercisable
(% of Total Number of Option Shares)	 
	 31 October 2014
	  	 	50	% 
	 31 October 2014
	  	 	50	% 
		  			
		  			
		  			

  

			
	Expiration Date:	  	23 March 2021, subject to earlier termination in accordance with the Rules of the Plan.

 The Optionholder understands and agrees that the Option is granted subject to and in accordance with the Rules of the Plan and
the Optionholder hereby acknowledges receipt of a copy of such Rules and agrees to be bound by such Rules. 

 The Optionholder further understands and agrees that each vesting event as outlined in the above schedule may be
conditional on achievement of certain agreed performance criteria which if applicable will be communicated to the option holder in conjunction with this Grant of Option. 

The Plan Administrator shall have the authority, exercisable in its absolute discretion to amend any of the agreed criteria but not if such amendment results
in a more onerous performance measure. This will normally only apply if there is an Act of God or if decisions are made by the Board which have an adverse effect on the achievement of any of the agreed performance criteria in which instance the
amendment will be limited to the direct impact of that specific matter. 
 Subject to Rule 4(f) of the Plan, the Optionholder further acknowledges that the
Option is personal to the Optionholder and may not be transferred, assigned, mortgaged, charged or otherwise disposed of by the Optionholder, that nothing in this Notice or in the Plan shall confer upon the Optionholder any right to continue in the
service or employment of the Company or any Qualifying Company for any period of specific duration and that this Option shall not form part of the terms and conditions of the Optionholder’s Service Contract with the Company or any Qualifying
Company employing him. Accordingly, the Optionholder acknowledges that he or she shall have no right to any compensation arising for the loss of his or her entitlement with respect to the Option or the Option Shares as a result of the termination of
the Optionholder’s status as a Service Provider (for any reason whatsoever). 
 Except as the Plan Administrator may otherwise provide at the time the
Option is granted or thereafter, or as required to comply with applicable law: 
  

	 	(a)	If the Participant’s employment or service with the Company and its affiliates is terminated by Participant or by the Company for any reason (other than death or disability or by the Company for cause), then
(i) to the extent not yet vested as of the Termination Date, an Option shall immediately be forfeited, and (ii) to the extent vested as of the Termination Date, an Option may be retained and, if applicable, exercised until the earlier of
(A) the date three (3) months (or such longer or shorter period, if any, specified in the applicable Service Agreement or Grant Notice) after the Termination Date or (B) the date such Option would have expired had it not been for the
termination of employment or service, after which time, in either case, such Option shall expire. 

  

	 	(b)	If the Participant’s employment or service with the Company and its Affiliates is terminated by Participant or if he/she has served notice of termination, or by the Company due to Participant’s death or
disability, then (i) to the extent not yet vested as of the Termination Date or at the date of serving of the notice of termination, an Option shall immediately be forfeited, and (ii) to the extent vested as of the Termination Date, an
Option may be retained and, if applicable, exercised until the earlier of (A) the date one (1) year (or such longer or shorter period, if any, specified in the applicable Service Agreement or Grant Notice) after such termination of
employment or service or (B) the date such Option would have expired had it not been for the termination of employment or service, after which time, in either case, such Option shall expire. 

	 	(c)	If the Participant’s employment or service with the Company and/or its Affiliates is terminated by the Participant or if he/she has served notice of termination, prior to any specified vesting period as defined in
the Schedule above, then the upside on the already vested options is restricted to 50% of any uplift between the Exercise Price and the Market Price. 

  

	 	(d)	If an Optionholder’s Service Provider status is terminated by the Company (or other Qualifying Company employing the Optionholder) for cause, as determined in accordance with the laws, de facto governing the
Service Provider’s Service Contract, then, as of the Optionholder’s Termination Date, each outstanding Option held by such individual shall automatically lapse and cease to be exercisable with respect to all of the Option Shares subject to
such Option. 

  

	 	(e)	If the Participant is in breach of the Confidentiality undertaking in Rule 16 the Plan Administrator is entitled to notify such Participant that each outstanding Option held by such individual will lapse and cease to be
exercisable with respect to all of the Option Shares subject to such Option. 

  

	 	(f)	In no event shall any additional Option Shares become exercisable after an Optionholder’s Termination Date. 

Each capitalised term in this Notice shall have the meaning assigned to such term in this Notice or the Plan. 

By executing the attached duplicate of this Notice, the Optionholder confirms his or her acceptance of the Option upon the terms and conditions described
herein. In the event the attached duplicate is not returned to the Company duly executed on or prior to 30 June 2014, the Option shall be deemed to have lapsed as of such date and shall have no force or effect thereafter. 

 

			
	By:	 	  

		
	Title:	 	Director
	
	For and on behalf of Digicel Group Limited
	
	Acknowledged and Accepted:
		
	By:	 	  

		 	Optionholder
		
	Date:	 	

	Note:	This Notice should be executed in duplicate by the Optionholder and the Company. One originally executed copy should be retained by each party. 

 

			
	Attachments:	  	 2013 Senior Executive & Directors Share Option Plan Rules

Form of Management AgreementEX-10.25

 Exhibit 10.25 

APPENDIX 1 
 Digicel Group
Limited 
 Notice of Grant of Share Option 

2013 Executive Share Option Plan 
 Notice is
hereby given of the grant to the individual named below (the “Optionholder”), in consideration for the Optionholder’s agreement to provide services to the Company or another Qualifying Company, of the following option (the
“Option”) to purchase common shares of Digicel Group Limited (the “Company”) under the Company’s 2013 Executive Share Option Plan (the “Plan”): 

 

			
	Name of Optionholder:	  	
		
	Address of Optionholder:	  	
		
	Grant Date of Option:	  	
		
	Number of Option Shares:	  	
		
	Exercise Price:	  	 US$[        ] per Option Share

		
	Vesting Commencement Date:	  	
		
	Exercise\Vesting Schedule:	  	The Option shall become exercisable for the Option Shares in a series of cumulative instalments over the Optionholder’s period of service as a Service Provider in accordance with the following schedule:-

  

			
	 Date
	  	Maximum Shares to Become
Exercisable
(% of Total Number of Option Shares)
		  	
		  	
		  	
		  	
		  	

  

			
	Expiration Date:	  	[date immediately preceding 7-year anniversary of Grant Date], subject to earlier termination in accordance with the Rules of the Plan.

 The vesting events as outlined in the above schedule will be conditional on achievement of the following
performance criteria: 
  

							
	 25% weighting
	  	 25% weighting
	  	 25% weighting
	  	 25% weighting

	Achievement of 100% of budgeted EBITDA for your profit centre for preceding financial year:	  	Achievement of 100% of budgeted Revenues for your profit centre for the preceding financial year	  	Spending no more than the budgeted capital expenditures for your profit centre	  	Identification of a suitable successor for your role

 The Optionholder understands and agrees that the Option is granted subject to and in accordance with the Rules of the Plan and
the Optionholder hereby acknowledges receipt of a copy of such Rules and agrees to be bound by such Rules. 
 The Optionholder further understands and
agrees that each vesting event as outlined in the above schedule will be conditional on achievement of certain agreed performance criteria which will be communicated to the option holder in conjunction with this Grant of Option. 

The Plan Administrator shall have the authority, exercisable in its absolute discretion to amend any of the agreed criteria but not if such amendment results
in a more onerous performance measure. This will normally only apply if there is an Act of God or if decisions are made by the Board which have an adverse effect on the achievement of any of the agreed performance criteria in which instance the
amendment will be limited to the direct impact of that specific matter. 
 Subject to Rule 4(f) of the Plan, the Optionholder further acknowledges that the
Option is personal to the Optionholder and may not be transferred, assigned, mortgaged, charged or otherwise disposed of by the Optionholder, that nothing in this Notice or in the Plan shall confer upon the Optionholder any right to continue in the
service or employment of the Company or any Qualifying Company for any period of specific duration and that this Option shall not form part of the terms and conditions of the Optionholder’s Service Contract with the Company or any Qualifying
Company employing him. Accordingly, the Optionholder acknowledges that he or she shall have no right to any compensation arising for the loss of his or her entitlement with respect to the Option or the Option Shares as a result of the termination of
the Optionholder’s status as a Service Provider (for any reason whatsoever). 
 Except as the Plan Administrator may otherwise provide at the time the
Option is granted or thereafter, or as required to comply with applicable law: 
  

	 	(a)	If the Participant’s employment or service with the Company and its affiliates is terminated by Participant or by the Company for any reason (other than death or disability or by the Company for cause), then
(i) to the extent not yet vested as of the Termination Date, an Option shall immediately be forfeited, and (ii) to the extent vested as of the Termination Date, an Option may be retained and, if applicable, exercised until the earlier of
(A) the date three (3) months (or such longer or shorter period, if any, specified in the applicable Service Agreement or Grant Notice) after the Termination Date or (B) the date such Option would have expired had it not been for the
termination of employment or service, after which time, in either case, such Option shall expire. 

	 	(b)	If the Participant’s employment or service with the Company and its Affiliates is terminated by Participant or if he/she has served notice of termination, or by the Company due to Participant’s death or
disability, then (i) to the extent not yet vested as of the Termination Date or at the date of serving of the notice of termination, an Option shall immediately be forfeited, and (ii) to the extent vested as of the Termination Date, an
Option may be retained and, if applicable, exercised until the earlier of (A) the date one (1) year (or such longer or shorter period, if any, specified in the applicable Service Agreement or Grant Notice) after such termination of
employment or service or (B) the date such Option would have expired had it not been for the termination of employment or service, after which time, in either case, such Option shall expire. 

 

	 	(c)	If the Participant’s employment or service with the Company and/or its Affiliates is terminated by the Participant or if he/she has served notice of termination, prior to any specified vesting period as defined in
the Schedule above, then the upside on the already vested options is restricted to 50% of any uplift between the Exercise Price and the Market Price. 

  

	 	(d)	If an Optionholder’s Service Provider status is terminated by the Company (or other Qualifying Company employing the Optionholder) for cause, as determined in accordance with the laws, de facto governing the
Service Provider’s Service Contract, then, as of the Optionholder’s Termination Date, each outstanding Option held by such individual shall automatically lapse and cease to be exercisable with respect to all of the Option Shares subject to
such Option. 

  

	 	(e)	If the Participant is in breach of the Confidentiality undertaking in Rule 16 the Plan Administrator is entitled to notify such Participant that each outstanding Option held by such individual will lapse and cease to be
exercisable with respect to all of the Option Shares subject to such Option. 

  

	 	(f)	In no event shall any additional Option Shares become exercisable after an Optionholder’s Termination Date. 

Each capitalised term in this Notice shall have the meaning assigned to such term in this Notice or the Plan. 

By executing the attached duplicate of this Notice, the Optionholder confirms his or her acceptance of the Option upon the terms and conditions described
herein. In the event the attached duplicate is not returned to the Company duly executed on or prior to [                    ], the Option shall be
deemed to have lapsed as of such date and shall have no force or effect thereafter. 
  

			
	By:	 	  

		
	Title:	 	  

 For and on behalf of Digicel Group Limited 

 Acknowledged and Accepted: 
  

			
	By:	 	  

		 	Optionholder
		
	Date:	 	

  

			
	Note:	  	This Notice should be executed in duplicate by the Optionholder and the Company. One originally executed copy should be retained by each party.

  

			
	Attachments:	  	2013 Executive Share Option Plan Rules
		  	Form of Management Agreement

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