Document:

EX-10.1

 Exhibit 10.1 

Dated 2nd October 2007 
 TOTAL
PRODUCE PLC 
 -and- 

COMPUTERSHARE TRUSTEES (IRELAND) LIMITED 
  

 
 TRUST DEED
AND RULES 
 in respect of 

THE TOTAL PRODUCE PLC EMPLOYEE PROFIT SHARING SCHEME 
  

 
 Arthur Cox, 
 Earlsfort Centre 

Earlsfort Terrace 
 Dublin 2 

We hereby certify that this document is a true copy of the original. 

Dated this 5th day of November 2007 

ARTHUR COX 

Earlsfort Centre 

Earlsfort Terrace 

Dublin 2. 

 TABLE OF CONTENTS 

 

							
	 1
	 	 Definitions
	  	 	1	 
	 2
	 	 The Rules
	  	 	2	 
	 3
	 	 Trustees’ Funds
	  	 	2	 
	 4
	 	 Acquisition of Shares
	  	 	2	 
	 5
	 	 Trustees’ Obligations
	  	 	2	 
	 6
	 	 Trustees’ Powers
	  	 	3	 
	 7
	 	 Trustees’ Regulations
	  	 	4	 
	 8
	 	 Records and Information
	  	 	5	 
	 9
	 	 Trust Expenses
	  	 	5	 
	 10
	 	 Trustees’ Liability
	  	 	6	 
	 11
	 	 Corporate Trustee
	  	 	6	 
	 12
	 	 Termination of Liability to Contribute
	  	 	7	 
	 13
	 	 Termination of Scheme
	  	 	7	 
	 14
	 	 Amendments
	  	 	8	 
	 15
	 	 Trust Deed to Prevail
	  	 	8	 
	 16
	 	 Proper Law
	  	 	8	 
		
	 SCHEDULE A EMPLOYEE PROFIT SHARING SCHEME RULES
	  	 	10	 
	 SCHEDULE B TOTAL PRODUCE PLC EMPLOYEE PROFIT SHARING SCHEME
	  	 	20	 

 THIS TRUST DEED is made the              day of
                     2007 
 BETWEEN: 

 

	(1)	 TOTAL PRODUCE PLC whose registered office is at Charles McCann Building, Rampart Road, Dundalk, Co Louth
(hereinafter called “the Company”) of the one part; and 

  

	(2)	 COMPUTERSHARE TRUSTEES (IRELAND) LIMITED (hereinafter called the “Trustees”) having its
registered office at Heron House, Corrig Road, Sandyford Industrial Estate, Dublin 18 of the second part. 

 WHEREAS:- 

 

	(A)	 The Company wishes to establish an employee share purchase scheme (hereinafter called “the Scheme”)
complying with the provisions of Section 60 of the Companies Act, 1963 and capable of approval by the Revenue Commissioners in accordance with Chapter 1 of Part 17 of and Schedule 11 to the Act for the purpose of providing funds to the Trustees
from time to time to enable fully-paid ordinary Shares in the capital of the Company to be acquired from time to time by the Trustees (either by subscription or by Purchase) and subsequently to be appropriated by the Trustees to such directors and
employees of the Company and the Subsidiaries (as hereinafter defined) as shall from time to time be eligible in accordance with the Rules (as hereinafter defined) to participate therein. 

 

	(B)	 The Revenue Commissioners are to approve this Trust Deed as a profit sharing scheme pursuant to Chapter 1 of
Part 17 of and Schedule 11 to the Act. 

 NOW THIS DEED WITNESSETH as follows:- 

 

	1.	 Definitions 

  

	 	(a)	 The definitions contained in the Rules as set out in the Schedule hereto or as amended from time to time as
therein provided shall apply to this Deed. 

  

	 	(b)	 “Trust Property” shall mean any shares, money and other property from time to time in the name of,
transferred to or held by the Trustees or under their control and subject to the terms of this Deed and the Rules. 

  

	 	(c)	 Reference to any Act or any Part, Chapter or Section thereof shall include any statutory modification,
amendment or re-enactment thereof for the time being in force. 

  
 1 

	2.	 The Rules 

The Scheme shall be operated and administered in accordance with the Rules. 

 

	3.	 Trustees’ Funds 

 

	 	(a)	 Subject to sub-clause (b) of this Clause 3 the Company acting by
the Board shall in accordance with the Rules from time to time pay to the Trustees or shall procure the Subsidiaries to pay to the Trustees: 

  

	 	(i)	 such sums of money as may be required from time to time to enable the Trustees to subscribe for or purchase
Shares to be held by the Trustees for the purposes of the Scheme; 

  

	 	(ii)	 such sums of money as the Trustees may from time to time require to meet taxation and other liabilities or
expenses from time to time incurred in the operation and administration of the Scheme including the remuneration (if any) from time to time payable to any Trustee hereof for acting as such. 

 

	 	(b)	 The Company and each member of the Group shall only pay to the Trustee pursuant to sub-clause (a) of this Clause 3 such sums as are required in connection with the acquisition of Shares by the Trustees to be appropriated by the Trustees to Eligible Employees who are for the time being in the
service of the Company or such member of the Group as pays the sums in question to the intent that the Company and the Subsidiaries shall only be liable for moneys required by the Trustees in relation to Eligible Employees in their respective
employments. 

  

	4.	 Acquisition of Shares 

 

	 	(a)	 The Trustees shall use the money paid to them pursuant to Clause 3 hereof for the subscription and/or purchase
of Shares or the payment of expenses or other liabilities (as the case may be) in accordance with the Rules. 

  

	 	(b)	 The Company will upon receipt of the requisite subscription moneys allot the Shares required by the Trustees
for the purposes of the Scheme and issue a certificate for them in the name of the Trustees to be held by the Trustees in accordance with the Rules. 

  

	5.	 Trustees’ Obligations 

 

	 	(a)	 The Trustees shall appropriate the Shares held by them to Eligible Employees in accordance with the Rules.

  

	 	(b)	 As soon as practicable after any Scheme Shares have been appropriated by the Trustees to a Participant in
accordance with the Rules the Trustees shall give the Participant notice in writing of the appropriation specifying the number and description of Scheme Shares so appropriated and stating their Initial Market Value. 

  
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	 	(c)	 The Trustees shall not during the Retention Period dispose of any Shares (whether by transfer to the
Participant or otherwise) except as mentioned in Section 511(6) (a), (b) or (c) of the Act. 

  

	 	(d)	 The Trustees shall not after the end of the Retention Period and before the Release Date dispose of any Shares
appropriated to a Participant except pursuant to a direction given by or on behalf of the Participant or any person in whom the beneficial interest in the Participant’s Shares is for the time being vested and by a transaction which would not
involve a breach of the Participant’s obligation under paragraph (c) or (d) of sub-section (4) of Section 511 of the Act. 

 

	 	(e)	 The Trustees shall subject to any such direction as is referred to in Section 511(6) of the Act, pay over
or transfer to the Participant any money or money’s worth received by them in respect of or by reference to any of his appropriated Shares other than money consisting of a sum referred to in Section 51l(4)(c) of the Act or money’s
worth consisting of “new shares” within the meaning of Section 514 of the Act and shall deal only pursuant to a direction given by or on behalf of the Participant (or any such person as is referred to in
sub-clause (d) of this Clause 5) in respect of any Participant’s appropriated shares to be allotted other shares securities or rights of any description in respect of the said shares.

  

	 	(f)	 The Trustees shall maintain such records as may be necessary to enable the Trustees to carry out their
obligations under Chapter 1 Part 17 of the Act and where the Participant becomes liable to income tax under Schedule E by reason of the occurrence of any event shall inform him of any facts relevant to determining that liability.

  

	 	(g)	 The Trustees shall at all times comply with their obligations to make payments to the Company or any of the
Subsidiaries and to account to the Revenue Commissioners for the sums referred to in Section 511(4)(c) of the Act. 

  

	6.	 Trustees’ Powers 

The Trustees shall have the following powers and discretions in addition to those conferred upon them by the general law: 

 

	 	(a)	 full power and discretion to agree with the Company all matters relating to the operation and administration of
the trusts of this deed and so that no person claiming any interest under such trusts shall be entitled to question the legality and correctness of any arrangement or agreement made between the Company and the Trustees in relation to such
operation and administration; 

  

	 	(b)	 power to arrange for the Company and any Subsidiary to account to the Revenue Commissioners or other authority
concerned for any amounts received by the Trustees pursuant to the Scheme and required to be paid to the Revenue Commissioners in respect of income tax or any other payment required by statute; 

  
 3 

	 	(c)	 power by resolution: 

 

	 	(i)	 to authorise the manner in which cheques and other documents shall be signed on their behalf; and

  

	 	(ii)	 to delegate the signing of such cheques and documents to such persons as they shall think fit.

  

	7.	 Trustees’ Regulations 

 

	 	(a)	 The number of Trustees hereof shall be not less than two or more than four persons save that a body corporate
may act as sole Trustee and if at any time the number of the Trustees shall fall below such limits the surviving or continuing Trustee shall have power to act only for the purpose of doing all things necessary to concur in or secure the appointment
of a new Trustee or Trustees. 

  

	 	(b)	 A Participant is eligible to be or remain a Trustee and shall be eligible to be or remain a Director of a
Trustee which is a body corporate. 

  

	 	(c)	 All Trustees (whether individuals or bodies corporate) shall be resident in Ireland. 

 

	 	(d)	 The Trustees for the time being may at any time appoint new or additional Trustees and the Trustees for the
time being shall execute such documents and do such things as may be necessary to give proper effect to such appointment. 

  

	 	(e)	 A Trustee may resign his office as Trustee by sending a notice in writing to that effect to the Company at its
registered office giving three months’ notice or such shorter notice as the Company may accept. 

  

	 	(f)	 The Trustees, if more than one, shall meet together and regulate their business subject to the provisions of
this Deed in such manner as they from time to time determine provided that a Resolution in writing, signed by all the Trustees, shall be as valid and effectual as if it has been passed at a meeting of Trustees duly convened and held.

  

	 	(g)	 In the event of disagreement among the Trustees (if more than one) the decision of the majority shall in all
cases prevail and in the event of an equality of votes the Chairman of the Meeting, who shall be appointed by the Meeting, shall have a second or casting vote. 

 

	 	(h)	 The Trustees may appoint such persons (including the Company or any member of the Group or any Participant)
approved by the Company to act as their agent hereunder and shall not be bound to supervise such agents or be in any way responsible for any loss incurred by reason of any misconduct or default on the part of any such agents. 

  
 4 

	 	(i)	 The Trustees may at any time obtain and act on the opinion or advice of any lawyer, accountant, actuary, broker
or other expert acting as an expert and shall not be responsible for any loss which may be occasioned by so doing. 

  

	 	(j)	 The Trustees may, but shall not be bound to, accept a certificate signed by a director of the Company as to any
fact or matter which is prima facie within the knowledge of the Company as sufficient evidence thereof. 

  

	 	(k)	 Any Trustee, otherwise eligible to be a Participant, may be so and may retain for his absolute benefit all the
interest to which he is entitled as a Participant in any Scheme Shares acquired or received for him and any other money or money’s worth accruing to him as such and exercise all rights to which he is entitled as a Participant.

  

	8.	 Records and Information 

 

	 	(a)	 The Trustees shall make arrangements with the Company for the preparation and preservation on behalf of the
Trustees of all necessary accounts (including the accounts of individual employees) records and other documents in connection with the trusts of this Deed and for the performance generally of all administrative work in connection therewith and the
Company hereby covenants with the Trustees that it will ensure that such accounts records and documents are fully and accurately prepared and preserved and that the aforesaid work is carried out and will cause to be made available to the Trustees
all facilities and information necessary to ensure that full compliance is made with the provisions of the trusts of this Deed. 

  

	 	(b)	 The Company and the other members of the Group shall give to the Trustees all such information as to Eligible
Employees, Participants and otherwise as the Trustees shall from time to time require for the operation of the Scheme. 

  

	 	(c)	 The Trustees shall make all such returns to the Revenue Commissioners as they may from time to time be required
to make. 

  

	9.	 Trust Expenses 

 

	 	(a)	 Any individual Trustee shall be entitled to receive and retain as remuneration for his services hereunder such
reasonable sum or sums as the Company may from time to time resolve shall be paid to him therefor notwithstanding that he is also an officer or employee of the Company or any Participating Company and he shall not be disqualified from voting or
taking part in any decision of the Trustees on any matter by virtue of any personal and beneficial interest (actual or prospective) therein. 

  

	 	(b)	 Any Trustee being a solicitor accountant stockbroker or other person engaged in any profession or business
shall be entitled to be paid all usual professional or proper charges for business transacted time expended and acts done by him or any employee or partner of his firm in connection with the Scheme including acts which a Trustee not being in any
profession or business could have done personally. 

  
 5 

	 	(c)	 Any Trustee being a body corporate (whether or not a trust corporation) may charge and be paid such reasonable
remuneration or charges as shall from time to time be agreed in writing between the Company and such body corporate and any such body corporate (being a bank) shall be entitled (without accounting for any resultant profit) to act as banker and
perform any services in relation to the Scheme on the same terms as would be made with a customer in the ordinary course of its business as a banker. 

  

	 	(d)	 All costs charges and expenses of the incidental to the administration of these trusts and the Scheme including
but not limited to the remuneration of the Trustees shall be primarily payable out of any income or profits which may accrue to the Trust Property (other than Shares held on behalf of Participants) and subject thereto shall be paid by the Company
and subject to Clause 10 hereof the Company and the Subsidiaries shall at all times hold the Trustees fully indemnified against all liabilities costs claims or losses of any kind incurred by them in connection with the operation or administration of
the Scheme. 

  

	10.	 Trustees’ Liability 

 

	 	(a)	 The Company shall keep the Trustees indemnified against any actions claims and demands arising out of anything
lawfully done or caused to be done by them in the exercise of the powers and discretions vested in them by this Deed and the Scheme or otherwise arising howsoever out of or in connection with the preparation administration operation or determination
of the Scheme and in addition the Trustees shall have the benefit of all indemnities conferred upon Trustees generally by law and by the Trustee Act, 1893 or any statutory modification or re-enactment thereof
for the time being in force; and 

  

	 	(b)	 Every Trustee not being a trust corporation or other remunerated trustee shall be answerable only for losses
arising from his own wilful default and shall not be answerable for any act neglect or default of his co-Trustees or co-Trustee and any Trustee who shall pay or transfer
to his co-Trustee or co-Trustees or do any act or thing or make any omission enabling such co-Trustees or co-Trustee to receive
any monies or other property for the purpose of the Scheme shall not be bound to see to their due application or be subsequently rendered liable by any express notice of the misapplication of any such monies or property nor shall the Trustees be
liable for any neglect or default of any solicitor accountant banker valuer or other agent employed by the Trustees. 

  

	11.	 Corporate Trustee 

A Trustee hereof being a body corporate (whether or not a trust corporation) may in its capacity as Trustee hereof act by its proper officers
and may by such proper officers have and exercise all powers, trusts and discretions vested in it hereunder. 

  
 6 

	12.	 Termination of Liability to Contribute 

 

	 	(a)	 The Company, a Subsidiary which is a member of the Group, or the Company on behalf of itself and/or any or all
of its said Subsidiaries, may at any time by Notice (hereinafter in this Clause 12 referred to as a “Notice”) in writing given to the Trustees terminate its or their obligations under Clause 3(a) (i) to allocate funds to the Trustees.

  

	 	(b)	 In the event of a Notice being given to the Trustees by the Company on behalf of itself and all of its said
Subsidiaries who are or become parties to this Deed:- 

  

	 	(i)	 any Shares in the capital of the Company held by the Trustees (not being Shares held on behalf of the
Participants) shall be sold by the Trustees and the proceeds after payment of any necessary expenses or other liabilities shall be paid to the Company and to such Subsidiaries as are participating in the Scheme at the time of giving of the Notice in
proportion to the last allocation of funds respectively made by such companies pursuant to Rule 2 of the Rules; 

  

	 	(ii)	 the Trustees shall continue to hold on behalf of a Participant upon the terms of this Deed and the Rules unless
Clause 13 hereof applies any such Scheme Shares as have already been appropriated to such Participant. 

  

	 	(c)	 In the event of a Notice being given by the Company or such a Subsidiary (not being given by the Company on
behalf of itself and all the said Subsidiaries) sub-clause (b)(ii) of this Clause shall apply in relation to Participants who are or were employees of the company giving the Notice but in all other respects
the Scheme shall continue. 

  

	13.	 Termination of Scheme 

 

	 	(a)	 This Trust and the Scheme shall determine on the earliest of the following dates:- 

 

	 	(i)	 the date on which shall expire the period of sixty years after the execution of this Deed;

  

	 	(ii)	 the date on which shall expire the period of 21 years after the death of the survivor of the descendants now
living of his Britannic Majesty King George V; 

  

	 	(iii)	 the date of the making of an order or the passing of an effective Resolution that the Company should be wound
up (otherwise than in connection with a company reconstruction as defined in Rule 10 of the Rules). 

  
 7 

	 	(b)	 on such determination the Trustees shall distribute any Trust Property to the persons entitled thereto and
shall pay over to the Company and such Subsidiaries as are participating in the Scheme at the time of such determination the balance thereof in proportion to the last allocation of funds respectively made by such companies pursuant to Rule 2 of the
Rules. In the event of any dispute as to the persons entitled to any part of the Trust Property the Trustees shall convert such part into cash and pay the cash into Court and shall thereupon be discharged from all obligations in relation thereto.

  

	14.	 Amendments 

The Company may with the consent of the Trustees amend the terms of this Deed and the Rules by a deed or deeds supplemental hereto Provided
that:- 
  

	 	(i)	 the Rules may only be amended as provided in Rule 14; 

 

	 	(ii)	 amendments to this Deed shall not be inconsistent with or contrary to the Rules; 

 

	 	(iii)	 no amendment shall be made which would prejudice approval of the Scheme by the Revenue Commissioners under Part
2 of Schedule 11 to the Act; 

  

	 	(iv)	 no amendment shall be made which would prejudice materially the interests of such persons who are the
Participants; 

  

	 	(v)	 no amendment shall be made which would alter the provisions contained in this Clause. 

 

	15.	 Trust Deed to Prevail 

The Trustees’ rights duties and powers are regulated by this Trust Deed and by the Scheme set out in the Schedule hereto and in case of
conflict between the provisions of the Trust Deed and those of the Scheme the provisions of the Trust Deed shall prevail. 
  

	16.	 Proper Law 

This Deed shall be governed by and construed in accordance with the law of the Republic of Ireland. 

  
 8 

 IN WITNESS whereof the parties hereto have entered into these presents the day and year first above
written. 
 PRESENT when the Common Seal of 
 TOTAL
PRODUCE plc was affixed hereto 
 ILLEGIBLE 

ILLEGIBLE 
 PRESENT when
the Common Seal of 
 COMPUTERSHARE TRUSTEES (IRELAND) LIMITED was affixed hereto:- 

ILLEGIBLE 

ILLEGIBLE 

  
 9 

 SCHEDULE A 

EMPLOYEE PROFIT SHARING SCHEME RULES 
  

	1.	 Definitions 

In this Scheme the words and expressions set out below shall have the meanings specified against them unless otherwise specifically provided
and any reference to a provision of an Act of Parliament shall include any modification re-enactment or extension of it. 

 

			
	“Act”	  	The Taxes Consolidation Act, 1997.
		
	“Announcement Date”	  	The day in each year on which the Company invites Eligible Employees to apply for Shares under the Scheme.
		
	“Annual Remuneration”	  	The gross basic salary (including directors’ fees, but excluding any fluctuating emoluments such as overtime) paid or payable by the Company or any subsidiary of the Company to the relevant Eligible Employee.
		
	“Appropriated Share”	  	A share appropriated to a Participant.
		
	“Appropriation Date”	  	The dates in relation to any year upon which Shares are appropriated to Participants.
		
	“Appropriate Percentage”	  	The percentage of the Locked-in Value of a Participant’s Shares chargeable to income tax under Schedule E computed in accordance with the provisions of Section 511(3) of the
Act.
		
	“Auditors”	  	The Auditors for the time being of the Company or in the event of there being Joint Auditors such one of them as the Company shall select.
		
	“the Company”	  	Total Produce plc
		
	“the Board”	  	The Board of Directors of the Company for the time being, or a duly authorised committee thereof.

  
 10 

			
	“Eligible Employee”	  	 (1)    An employee of a member of the Group:-
  

(a)    whose remuneration is subject to Irish Income Tax under Schedule E; and

 
 (b)    who has been in the permanent full time or permanent
part-time service of a member of the Group for a period of not less than six calendar months ending on, and who is employed by a member of the Group on the day previous to, the Announcement Date of the relevant Year.

 
 (2)    A Director of a member of the Group whose remuneration for
his office is subject to Irish Income Tax under Schedule E.

		
		  	The term Eligible Employee shall exclude all individuals who are ineligible to participate in the Scheme by virtue of Part 4 of Schedule 11 to the Act.
		
	“the Group”	  	The Company and all its Subsidiaries for the time being which are incorporated in the Republic of Ireland.
		
	“Individual Share Allocation”	  	The amount of profit share which the Eligible Employee has agreed should be paid to the Trustees provided that in any year of assessment such sum shall not exceed €12,700 or such higher or lower amount as shall from time to
time be the maximum permitted in paragraph 3(4) of Part 2 of Schedule 11 to the Act as from time to time amended or such lesser sum as may be specified by the Company.
		
	“Initial Market Value”	  	The Market Price on the date of appropriation or such earlier date(s) as the Revenue Commissioners and the Trustees may agree in writing.
		
	“Locked-in-Value”	  	The value as defined in Section 512(1) of the Act.
		
	“Market Price”	  	In relation to any Shares has the meaning assigned to it by Section 548 of the Act or, if higher the par value thereof.

  
 11 

			
	 “Minimum Proportional Share

Allocation”
	  	The minimum proportion of profit share which a Participant can elect to pay to the Trustees is €127 per annum and the minimum proportional share allocation shall be the number of shares which can be purchased for this
amount.
		
	“Participant”	  	An Eligible Employee who has elected to participate and is appropriated Shares in this Scheme.
		
	“Profit Share”	  	In relation to an Eligible Employee means the amount determined by the Board to be payable to him out of the profits of the member of the Group employing him.
		
	“Release Date”	  	The date as defined in Section 511(2) of the Act.
		
	“Retention Period”	  	The period as defined in Section 511 of the Act.
		
	“Schedule E”	  	Schedule E contained in Part 5 of the Act.
		
	“this Scheme”	  	The Total Produce plc Employee Profit Sharing Scheme as constituted by a Resolution of the Remuneration Committee dated             August 2007 and these Rules as the same
may be varied from time to time.
		
	“Shares”	  	Fully paid Ordinary Shares in the capital of the Company which comply with the provisions of Part 3 of Schedule 11 of the Act and where the context so requires shall refer to a single Share.
		
	“Subsidiary”	  	A subsidiary of the Company within the meaning of Section 155 of the Companies Act, 1963 and over which it has control within the meaning of Section 432 of the Act and which is also a participating company as defined in
paragraph 3(2) of Part 2 of Schedule 11 of the Act.

  
 12 

			
		
	“the Trust Deed”	  	the Trust Deed dated              August 2007 to which these Rules are scheduled.
		
	“the Trustees”	  	the Trustees or Trustee for the time being of the Trust Deed.
		
	“Year”	  	An accounting reference period of the Company used for the purposes of calculating the benefits (if any) payable under the Profit Sharing Scheme.

 In these Rules words denoting the singular number only shall include the plural number also and words denoting the masculine
gender shall include the feminine gender also and reference to any provision of any statute shall be construed as a reference to any statutory modification or re-enactment thereof for the time being in force.

  

	2.	 Operation of the Scheme 

 

	 	(a)	 As soon as practicable not later than six months following the end of a Year:- 

 

	 	(i)	 the Company shall determine which employees and Directors of the Company and its Subsidiaries are Eligible
Employees in respect of the Year last ended and forthwith inform the Trustees accordingly. 

  

	 	(ii)	 the Company shall inform each Eligible Employee and invite him to specify by notice in writing to the Company
not later than 14 days after the Announcement Date the proportion of his Profit Share to be paid to the Trustees so as to allow the Trustee to subscribe for Shares on his behalf on the terms of the Scheme. 

 

	 	(iii)	 any Eligible Employee who wishes to participate in this Scheme shall contract with the Company in the terms of
Section 511(4) of the Act. Failure to comply with the Company’s requirements in this regard will preclude such employee or Director from participating in this Scheme. 

 

	 	(iv)	 the Company and its Subsidiaries shall, in accordance with such requirements as the Trustees may from time to
time specify, prepare and make available to the Trustees the name and address and Individual Share Allocation of each Eligible Employee who has elected to participate in this Scheme. 

 

	 	(b)	 Where the Profit Share notified to an Eligible Employee in accordance with Rule 2(a)(ii) is less than the
amount specified in paragraph 3(4) of Part 2 of Schedule 11 to the Act or otherwise in any applicable legislation, the Company may, in its absolute discretion but subject to such restrictions as may be required by the Revenue Commissioner from time
to time, permit such Eligible Employee to elect to forego part of his Annual Remuneration for an appropriation of Shares under the Scheme PROVIDED HOWEVER that:- 

  
 13 

	 	(i)	 the amount of such salary foregone does not exceed the lesser of
71⁄2% of his Annual Remuneration or the amount of his Profit Share; and 

  

	 	(ii)	 the aggregate value of the Shares to be appropriated to an Eligible Employee under Rule 2(c) shall not exceed
the limit in the Act referred to above. 

  

	 	(c)	 On or before each Appropriation Date the Company and its Subsidiaries shall make available to the Trustees in
respect of each Eligible Employee who has contracted to participate such sum as will enable the Trustees to purchase or subscribe at the Market Price for all the Shares which such Eligible Employee has elected to have appropriated to him in
accordance with Rule 2(a) and (b) on condition that such sum is applied by the Trustees in the subscription for or purchase of Shares for appropriation to that Eligible Employee on that Appropriation Date. 

 

	3.	 Trustees’ Obligations 

 

	 	(a)	 The Trustees shall as soon as practicable following the Announcement Date:- 

 

	 	(i)	 determine the number of Shares to be appropriated on the Appropriation Date; 

 

	 	(ii)	 apply the sum made available by the Company and its Subsidiaries pursuant to Clause 3(b) hereof in purchasing
or subscribing for Shares at the Market Price for the Eligible Employees who have contracted to participate in the Scheme; and 

  

	 	(iii)	 appropriate the Shares to Eligible Employees who have contracted to participate and shall notify each such
Participant of the number and description of Shares so appropriated to him, their Initial Market Value and the date on which such appropriation took place. 

  

	 	(b)	 A Participant (or as the case may be) his legal personal representatives shall be entitled to retain his
beneficial interest in the Shares appropriated notwithstanding his death or departure from the service of the Company or a Subsidiary on or after the relevant Appropriation Date. 

 

	4.	 Limits Upon Appropriations 

 

	 	(a)	 The number of Shares which may be allocated or appropriated by way of subscription under this Scheme in any
period of ten successive calendar years shall not, when added to the number of Shares which shall have been allocated or appropriated by way of subscription under any employee share scheme (other than pursuant to options to subscribe granted prior
to such ten year period) or remain to be issued pursuant to options to subscribe granted during such ten year period under any share option scheme relating to Shares, exceed such number of Shares as represents 10 per cent. of the aggregate of
the issued ordinary share capital of the Company and the ordinary share capital of the Company to be issued on the conversion of the convertible cumulative preference share capital of the Company. 

  
 14 

	 	(b)	 The number of Shares which the Trustees may acquire under this Scheme in any calendar year by way of
subscription shall not exceed a number equal to 1 % (one per cent) of the number of Ordinary Shares in the Company in issue on the day preceding the day on which the Board shall have allocated profits in respect of any Year for Shares under
this Scheme. 

  

	 	(c)	 The number of Shares which may be allocated or appropriated by way of subscription under this Scheme in any
period of three successive calendar years shall not, when added to the number of Shares which shall have been allocated or appropriated by way of subscription under any employee share scheme (other than pursuant to options to subscribe granted prior
to such three year period) or remain to be issued pursuant to options to subscribe granted during such three year period under any share option scheme relating to Shares, exceed such number of Shares as represents 3 per cent. of the aggregate
of the issued ordinary share capital of the Company and the ordinary share capital of the Company to be issued on the conversion of the convertible cumulative preference share capital of the Company. 

 

	 	(d)	 The limits specified in paragraphs (a), (b) and (c) of this Rule and (if appropriate) the Market Price
shall be adjusted in such manner as the Auditors shall consider fair and reasonable to take account of any issue by way of capitalisation of reserves, any rights issued or any sub-division, consolidation or
reduction of share capital. 

  

	 	(e)	 The Company may not appropriate in respect of any Year any of its profits for the purpose of acquisition of
Shares by the Trustees in excess of an amount equal to 5% (five per cent) of that part of its profits in respect of that Year before taxation and excluding exceptional items which, in the opinion of the Board, is attributable to the operations of
the Group whose employees are eligible to participate in this Scheme. In addition, whenever the amount appropriated by the Company for the purposes of this Scheme would result in the number of Shares to be subscribed exceeding the limit specified in
Rule 4(b), then the amount appropriated in excess of that amount may be applied by the Trustees in the purchase of Shares in the market. 

  

	5.	 Rights Attaching to Shares and Listings 

 

	 	(a)	 Shares appropriated to Participants pursuant to this Scheme shall rank pari passu in all respects with the
Ordinary Shares of the Company. 

  

	 	(b)	 The Company will use its best endeavours to procure that as soon as reasonably practicable after an
appropriation of Shares pursuant to this Scheme such Shares are admitted to the Irish Enterprise Exchange of The Irish Stock Exchange Limited and the AIM of the London Stock Exchange plc. 

  
 15 

	6.	 Retention of Shares 

 

	 	(a)	 Except as hereinafter provided the Trustees:- 

 

	 	(i)	 shall not dispose of any Shares during the Retention Period (whether by transfer to a Participant or
otherwise); 

  

	 	(ii)	 shall not dispose of any Shares after the end of the Retention Period except pursuant to a direction given by
or on behalf of the Participant or any person in whom the beneficial interest in his Shares is for the time being vested, and shall not dispose of any Shares by any transaction which would involve a breach of a Participant’s obligations under
paragraphs (b)(iii) and (iv) below; 

  

	 	(iii)	 shall at all times deal with any right conferred in respect of any of a Participant’s Shares to be
allotted other shares securities or rights of any description only pursuant to a direction given by or on behalf of the Participant or any person in whom the beneficial interest in his Shares is for the time being vested; 

 

	 	(b)	 Except as hereinafter provided each Participant:- 

 

	 	(i)	 shall permit his Shares to remain in the hands of the Trustees throughout the Retention Period;

  

	 	(ii)	 shall not assign charge or otherwise dispose of his beneficial interest in his Shares during the Retention
Period; 

  

	 	(iii)	 shall not direct the Trustees to transfer the ownership of his Shares to him at any time before the Release
Date unless he shall pay to the Trustees before the transfer takes place a sum equal to Irish income tax at the standard rate for the time being in force on the Appropriate Percentage at the time of the direction; 

 

	 	(iv)	 shall not direct the Trustees to dispose of his Shares at any time before the Release Date in any other way
except by sale for the best consideration in money that can reasonably be obtained at the time of the sale. 

  

	7.	 Transactions in Shares 

Notwithstanding Rule 6 above, a Participant:- 
  

	 	(a)	 may direct the Trustees to accept an offer for any of the Shares appropriated to him (hereinafter referred to
as “the Original Shares”) if the acceptance or agreement will result in a new holding, as defined in section 584(1) of the Act, being equated with the original Shares for the purposes of Capital Gains Tax; and 

  
 16 

	 	(b)	 may direct the Trustees to agree to a transaction affecting the Shares appropriated to him or such of them as
are of a particular class if the transaction would be entered into pursuant to a compromise arrangement or scheme applicable to or affecting:- 

  

	 	(i)	 all the ordinary share capital of the Company or as the case may be all the shares of the class in question, or

  

	 	(ii)	 all the shares or shares of the class in question which are held by a class of shareholder identified otherwise
than by reference to their participation in this Scheme; and 

  

	 	(c)	 may direct the Trustees to accept an offer of cash, with or without other assets, for the shares appropriated
to him if the offer forms part of a general offer which is made to holders of shares of the same class as himself or of shares in the Company and which is made in the first instance on a condition such that if it is satisfied the person making the
offer will have control of the Company within the meaning of Section 11 of the Act; and 

  

	 	(d)	 may agree after the expiry of the Retention Period to sell the beneficial interest in the Shares appropriated
to him to the Trustees for the same consideration as in accordance with Rule 6(b)(iv) above would be required to be obtained for the Shares themselves. 

  

	8.	 Capital Receipts 

Subject to any such direction as is referred to in Section 513(3) of the Act, the Trustees shall pay or transfer to a Participant any
money or money’s worth received by them in respect of or by reference to any of the Shares appropriated to him (less any costs or expenses of disposal, in the case of a disposal) other than money’s worth consisting of a “new
holding” within Rule 10 below provided that the Trustees shall not be obliged to pay to a Participant any money or money’s worth arising pursuant to Rule 6(b)(iii) hereof and any sums of €1.00 or less. 

 

	9.	 Dividends and Voting Rights 

 

	 	(a)	 The Trustees shall take such steps as they in their absolute discretion think fit to procure that dividends in
respect of Shares appropriated to a Participant are remitted to him at his present or last place of work with the Company or any of its Subsidiaries or such other place as the Trustees may decide as soon as practicable after payment thereof is made
by the Company provided always that the Trustees shall at all times comply with the provisions of paragraph 17(a) of Schedule 11 to the Act. 

  

	 	(b)	 In relation to any voting rights attaching to a Share appropriated to a Participant the Trustees shall deal
only in accordance with directions given to them by the Participant or by any other person in whom the beneficial interest in the Shares is for the time being vested. 

  
 17 

	10.	 Company Reconstruction 

Where there occurs in relation to any of the Shares appropriated to a Participant a company reconstruction (as defined in Section 514 of
the Act) which results in a new holding, as defined in section 584(1) of the Act, being for the purposes of the said Section 514 equated with the original holding for the purposes of Capital Gains Tax then such new holding shall be deemed to
have been appropriated to the Participant on the date of appropriation of the original holding and shall be held by the Trustees on the same terms. 
  

	11.	 Rights of Employees 

Participation in this Scheme by a Participant is a matter entirely separate from any pension right or entitlement he may have and from his
terms or conditions of employment and participation in this Scheme shall in no respects whatever affect in any way a Participant’s pension rights or entitlements or terms or conditions or employment and in particular (but without limiting the
generality of the foregoing words) any Participant who leaves the employment of the Company or a Subsidiary shall not be entitled to any compensation for any loss of any right or benefit or prospective right or benefit under this Scheme which he
might otherwise have enjoyed whether such compensation is claimed by way of damages for wrongful dismissal or other breach of contract or by way of compensation for loss of office or otherwise howsoever. 

 

	12.	 Duty to Account for PAYE etc. 

 

	 	(a)	 When the Trustees receive from a Participant who has directed them to transfer the ownership of his Shares to
him at any time before the Release Date the sum calculated in accordance with Rule 6(b)(iii) above, that sum shall be accounted for to the Revenue Commissioners in accordance with Section 516 of the Act. 

 

	 	(b)	 The Trustees shall maintain records of all sums received from Participants under paragraph (a) above.

  

	 	(c)	 The Trustees shall inform each Participant in writing of any facts which are relevant to determining the
liability (if any) of that Participant to Irish income tax under Schedule E. 

  

	13.	 Administration 

 

	 	(a)	 If the Trustees need from time to time to make additional appropriations pursuant to Rule 3 because of Eligible
Employees fairly and reasonably being included in the Scheme for the relevant Year the Company and/or relevant Subsidiary shall make available to the Trustees such sum or sums as the Trustees need to acquire Shares for such Eligible Employees as
aforementioned provided always that such Eligible Employees shall be treated within the terms of this Scheme as if they had received an appropriation of Shares on the Appropriation Date. Under no circumstances shall the Trustees hold any Shares for
more than 18 months without appropriating them to a Participant; 

  
 18 

	 	(b)	 Any notification or other notice in writing to be given to any Participant in pursuance to this Scheme shall be
sufficiently given if sent through the post in a prepaid cover addressed to the Participant at his address last known to the sender including any address supplied by the Company or a Subsidiary as being his address. Any certificate notification or
other notice in writing required to be given to the Company’s Subsidiary or the Trustees shall be properly given if sent to or delivered to the Company the Subsidiary concerned or the first named trustee at their respective registered or
principal officer or in the case of a Trustee his last known address; 

  

	 	(c)	 The Company shall keep available a sufficient number of unissued ordinary Shares of the Company to enable
Shares to be issued up to the limit laid down in Rule 4(a) above as adjusted in accordance with Rule 4(c) above; 

  

	 	(d)	 If an Eligible Employee completes the required form of contract for participation in this Scheme in respect of
a particular Year but dies before Shares have been appropriated to him thereunder, the Company may at its discretion determine that (without prejudice to the rights attaching to Shares appropriated for earlier Years) no further Shares be
appropriated to the estate of such employee but that his full entitlement be paid in salary. 

  

	14.	 Modifications and Alterations to Scheme 

 

	 	(a)	 Subject to obtaining the approval of the Revenue Commissioners pursuant to paragraph 5(2) of the Schedule 11 to
the Act the Board may from time to time make alterations to the Trust Deed and these Rules including (without prejudice to the generality of the foregoing) such alterations as may be necessary to establish other cash profit sharing schemes and to
permit participants in such other schemes to participate in this Scheme on such terms as the Board thinks fit provided always that no alteration to the Rules 4, 5 or 14(a) shall be effective without the prior sanction of an ordinary Resolution of
the Company in General Meeting and provided further that the Board shall not make any alteration which would prejudice approval of this Scheme by the Revenue Commissioners or a Participant’s rights over Shares already appropriated to him;

  

	 	(b)	 The Board may at any time suspend or terminate operation of this Scheme and the Scheme shall, unless extended
by ordinary Resolution of the Company in General Meeting, terminate following the appropriation of Shares in respect of the Year ending in 2014. 

  

	15.	 Miscellaneous 

If any matter arises on or in connection with this Scheme or its operation for which specific provision is not made in these Rules such matter
shall be resolved dealt with or provided for in such manner as the Board shall in its absolute discretion consider appropriate after taking into account the respective interests of the Company and of the Participants and the requirements of the
Revenue Commissioners. 

  
 19 

 SCHEDULE B 

TOTAL PRODUCE PLC EMPLOYEE PROFIT SHARING SCHEME 
  

	1.	 Subject to the requirements of the Electronic Commerce Act, 2000 (and in particular the consent requirement in
Section 12 (2)(c) of such Act), the Trustees shall have the power to:- 

  

	 	(a)	 enter into contracts with Participants; 

 

	 	(b)	 send and/or receive notices to/from Participants; 

in such electronic form as they may specify from time to time. 
  

	2.	 The Trustees shall have the power to agree with Participants that the Trustees may act on such instructions as
they may receive from time to time unless such instructions are revoked in the manner specified by the Trustees. 

CA66827.3 

  
 20 

 Dated 10 day of December 2020 

 
 

 
 DEED OF AMENDMENT IN RESPECT OF THE TRUST DEED AND RULES 

BETWEEN 
 TOTAL PRODUCE
PLC 
 The Appointor 

COMPUTERSHARE TRUSTEES (IRELAND) LIMITED 

The Trustee 
 Total
Produce PLC Employee Profit Sharing Scheme 
  
  

Legal Services 

Computershare Limited 

The Pavilions 
 Bridgwater
Road 
 Bristol 

Ref: PG 

 Dated 10 day of December 2020 

PARTIES 
  

	(1)	 TOTAL PRODUCE PLC having Its registered office at 29 North Anne Street, Dublin 7 (hereinafter referred
to as the “Appointor”); and 

  

	(2)	 COMPUTERSHARE TRUSTEES (IRELAND) LIMITED (company number 351707) having Its registered office at Heron
House, Corrig Road, Sandyford Industrial Estare, Dublin 18, Ireland (hereinafter referred to as the “Trustee”) 

WHEREAS: 
  

	(A)	 This deed Is supplemental to a Trust Deed (hereinafter called the “Principal Deed”) dated 2 October
2007 and made between the Appointor and the Trustee which Principal Deed together with the rules attached thereto (hereinafter called the “Rules”), established the Total Produce PLC Employee Profit Sharing Scheme (hereinafter called the
“Scheme”); and 

  

	(B)	 The Appointor and the Trustee wish to make certain amendments to the Principal Deed and have agreed to enter
Into this deed for the purpose of effecting these amendments. When required, this prior written approval of the Irish Revenue Commissioners to the terms of this deed has been obtained by the Appointer in accordance with paragraph 5(2) of Schedule 11
to the Taxes Consolidation Act 1997 (as amended) together with any approval(s) required pursuant to the Principal Deed and/or Rules. 

NOW THEREFORE THE PARTIES DO HEREBY AGREE AS FOLLOWS:- 
  

	1	 AMENDMENTS TO THE PRINCIPAL DEED AND RULES 

 

	1.1	 In accordance with Rule 14 of the Principal Deed and Rules the Appointor and the Trustee wish to amend the
Rules which form a Schedule to the Principal Deed by 

  

	 	1.1.1	 adding a new sub-paragraph 6(c) to Rule 6, to read as follows:-

 “After the end of the Retention Period of any Participant’s Shares, the Shares as hereinafter provided in this
Rule be held by the Trustees until the date on which the Participant concerned directs the Trustees:- 
 1) to sell the Scheme Shares; or

 2) to transfer the legal ownership of the Scheme Shares to him; 

provided that as soon as it may be practical following the Release Date applicable thereto the Trustees may transfer legal ownership of the
Scheme Shares to the Participant.” 
  

	 	1.1.2	 adding a new final sentence to paragraph (b) of Rule 13, to read as follows:- 

  
 -2- 

 “Subject to the requirements of Section 12(2)(c) of the Electronic Commerce Act
2000 any notification or other communication to be given to a Participant in connection with the Plan shall have been deemed to have been fully given if sent by electronic mail to the Participant at the electronic mail address as shown in the
Trustee’s records for the time being, or, by post in a pre-paid cover to Participant’s address as shown in the Trustee’s records for the time being or if sent to him at his place of work and the
Trustees and the Participating Companies shall have no liability whatsoever to a Participant in respect of any notification, document, payment or other communication so given, sent or made nor shall the Trustees or the Participating Companies be
concerned to see that any Participant actually receives the same.” 
  

	2	 GOVERNING LAW 

The construction, validity and performance of this deed shall be governed by the laws of Ireland and the parties hereto submit to the jurisdiction of the Irish
Courts. 
  

	3	 HEADINGS 

The Headings to the clauses in this deed are inserted for reference purposes only and shall not affect the interpretation of any provision hereof. 

 

	4	 GENERAL 

  

	4.1	 Subject as provided in this deed, the Principal Deed and Rules shall continue in full force and effect in
accordance with their terms. 

  

	4.2	 This deed may be executed in more than one counterpart, and by the parties to it on separate counterparts, but
shall not be effective until each party has executed at least one counterpart, with the same effect as if the parties to this deed executing the several counterparts had all executed one document. 

IN WITNESS WHEREOF this deed has been duly executed by the parties set out below and delivered on the date first mentioned above. 

The Common Seal of TOTAL PRODUCE PLC 
 was hereunto
affixed in the presence of:- 
  

			
	 ILLEGIBLE
	 	Director
		
	  
	 	Director/ Secretary

 The Common Seal of COMPUTERSHARE TRUSTEES (IRELAND) LIMITED 

was hereunto affixed in the presence of:- 
  

			
	  
	 	Director
		
	  
	 	Director/ Secretary

  
 -3- 

 “Subject to the requirements of Section 12(2)(c) of the Electronic Commerce Act
2000 any notification or other communication to be given to a Participant in connection with the Plan shall have been deemed to have been fully given if sent by electronic mail to the Participant at the electronic mail address as shown in the
Trustee’s records for the time being, or, by post in a pre-paid cover to the Participant’s address as shown in the Trustee’s records for the time being or if sent to him at his place of work and
the Trustees and the Participating Companies shall have no liability whatsoever to a Participant in respect of any notificatication document, payment or other communication so given, sent or made nor shall the Trustees or the Participating Companies
be concerned to see that any Participant actually receives the same.” 
  

	2	 GOVERNING LAW 

The construction, validity and performance of this deed shall be governed by the laws of Ireland and the parties hereto submit to the jurisdiction of the Irish
Courts. 
  

	3	 HEADINGS 

The Headings to the clauses in this deed are inserted for reference purposes only and shall not affect the interpretation of any provision hereof. 

 

	4	 GENERAL 

  

	4.1	 Subject as provided in this deed, the Principal Deed and Rules shall continue in full force and effect in
accordance with their terms. 

  

	4.2	 This deed may be executed in more than one counterpart, and by the parties to it on separate counterparts, but
shall not be effective until each party has executed at least one counterpart, with the same effect as if the parties to this deed executing the several counterparts had all executed one document. 

IN WITNESS WHEREOF this deed has been duly executed by the parties set out below and delivered on the date first mentioned above. 

The Common Seal of TOTAL PRODUCE PLC 
 was hereunto
affixed in the presence of:- 
  

			
	  
	 	Director
		
	 ILLEGIBLE
	 	Secretary

 The Common Seal of COMPUTERSHARE TRUSTEES {IRELAND) LIMITED 

was hereunto affixed in the presence of:- 
  

			
	  
	 	Director
		
	  
	 	Director/ Secretary

  
 -3- 

 “Subject to the requirements of Section 12(2)(c) of the Electronic Commerce Act
2000 any notification or other communication to be given to a Participant in connection with the Plan shall have been deemed to have been fully given If sent by electronic mail to the Participant at the electronic mail address as shown in the
Trustee’s records for the time being, or, by post in a pre-paid cover to the Participant’s address as shown in the Trustee’s records for the time being or if sent to him at his place of work and
the Trustees and the Participating Companies shall have no liability whatsoever to a Participant in respect of any notification, document, payment or other communication so given, sent or made nor shall the Trustees or the Participating Companies be
concerned to see that any Participant actually receives the same.” 
  

	2	 GOVERNING LAW 

The construction, validity and performance of this deed shall be governed by the laws of Ireland and the parties hereto submit to the jurisdiction of the Irish
Courts. 
  

	3	 HEADINGS 

The Headings to the clauses in this deed are inserted for reference purposes only and shall not affect the interpretation of any provision hereof. 

 

	4	 GENERAL 

  

	4.1	 Subject as provided in this deed, the Principal Deed and Rules shall continue in full force and effect in
accordance with their terms. 

  

	4.2	 This deed may be executed in more than one counterpart, and by the parties to it on separate counterparts, but
shall not be effective until each party has executed at least one counterpart, with the same effect as if the parties to this deed executing the several counterparts had all executed one document. 

IN WITNESS WHEREOF this deed has been duly executed by the parties set out below and delivered on the date first mentioned above. 

The Common Seal of TOTAL PRODUCE PLC 
 was hereunto
affixed in the presence of:- 
  

			
	  
	 	Director
		
	  
	 	Director/ Secretary

 The Common Seal of COMPUTERSHARE TRUSTEES (IRELAND) LIMITED 

was hereunto affixed in the presence of:- 
  

			
	 ILLEGIBLE
	 	Director
		
	 ILLEGIBLE
	 	Director/ Secretary

  
 -3- 

 DATED 14 OCTOBER 2021 

TOTAL PRODUCE PLC 

DOLE PLC 

COMPUTERSHARE TRUSTEES (IRELAND) LIMITED 

 
  

DEED OF AMENDMENT AND SUBSTITUTION 

IN RESPECT OF 

THE TOTAL PRODUCE PLC EMPLOYEE PROFIT
SHARING SCHEME 
  

 
 ARTHUR COX

 THIS DEED OF AMENDMENT AND SUBSTITUTION is made on the 14th day of OCT, 2021 
 BETWEEN: 

 

	(1)	 TOTAL PRODUCE PLC, a public limited company incorporated in Ireland with registered number 427687 having
its registered office at 29 North Anne Street, Dublin D07 PH36 (hereinafter called “the Original Company”) of the first part; 

  

	(2)	 DOLE PLC, a public limited company incorporated in Ireland with registered number 606201 having its
registered office at 29 North Anne Street, Dublin D07 PH36 (hereinafter called “the New Company”) of the second part; and 

  

	(3)	 COMPUTERSHARE TRUSTEES (IRELAND) LIMITED, a private company limited by shares incorporated in Ireland
with registered number 351707 having its registered office at Unit 3100, Lake Drive, Citywest Business Campus, Citywest, Dublin D24 AK82 (hereinafter called “the Trustee”) of the third part. 

WHEREAS: 
  

	(A)	 This Deed is supplemental to: 

 

	 	(i)	 a Trust Deed dated the 2nd day of October 2007 between the Original Company and the Trustee, with Rules
scheduled thereto (hereinafter called “the Trust Deed” and “the Rules” respectively) whereby the Original Company established ‘The Total Produce plc Employee Profit Sharing Scheme’ (hereinafter
called “the Scheme”) which has been approved by the Revenue Commissioners in accordance with Chapter 1 of Part 17 of and Schedule 11 to the Taxes Consolidation Act 1997 (hereinafter called “the Act”); and

  

	 	(ii)	 a Deed of Amendment dated the 10th day of December 2020 whereby the Rules were amended as provided therein.

  

	(B)	 The Trustee is the present trustee of the Scheme. 

 

	(C)	 It is provided in Clause 14 of the Trust Deed that the Original Company may with the consent of the Trustee
amend the terms of the Trust Deed and the Rules by deed supplemental thereto provided, inter alia, that no amendment shall be made which would prejudice approval of the Scheme by the Revenue Commissioners under Part 2 of Schedule 11 of the Act.

  

	(D)	 Pursuant to the terms of an Agreement dated 16 February 2021 between, among others, the Original Company and
the New Company, on 28 July 2021 (the “Effective Date”) the Original Company became a wholly owned subsidiary of the New Company in exchange for the issue to the holders of ordinary shares of €0.01 each in the capital of the
Original Company of ordinary shares of US$0.0l each in the capital of the New Company. 

  

	(E)	 The Original Company with the consent of the Trustee is desirous, subject to the approval of the Scheme by the
Revenue Commissioners under Part 2 of Schedule 11 of the Act not being prejudiced, of, with effect from the Effective Date, amending the Rules as hereinafter provided to the effect that the Original Company is released from all of its obligations
under the Trust Deed and the Rules and the New Company is deemed to be substituted for the Original Company as the person liable to perform the said obligations. 

 

	(F)	 The New Company has entered into this Deed to evidence its consent to assuming the obligations of the Original
Company with effect from the Effective Date. 

  
 1 

 NOW THIS DEED WITNESSETH as follows: 

 

	1.	 Subject to the approval of the Scheme by the Revenue Commissioners under Part 2 of Schedule 11 of the Act not
being prejudiced, in pursuance of the aforesaid desire and with effect from the Effective Date: 

  

	 	1.1	 the Original Company with the consent of the Trustee, in exercise of the power for this purpose conferred upon
it by Clause 14 of the Trust Deed and of every and any other power enabling it in this behalf, with effect from the Effective Date, HEREBY AMENDS the Rules by, 

 

	 	(a)	 in Rule 1, in the definition: 

 

	 	(i)	 “the Company”, the deletion of the words “Total Produce plc’’ and their replacement
with the words “Dole plc, a public limited company incorporated in Ireland with registered number 606201 having its registered office at 29 North Anne Street, Dublin D07 PH36”; and 

 

	 	(ii)	 “this Scheme’’, the deletion of the words “Total Produce” and their replacement with
the words “Dole”; and 

  

	 	(b)	 in Rule 5(b), the deletion of the words “Irish Enterprise Exchange of The Irish Stock Exchange Limited and
the AIM of the London Stock Exchange plc” and their replacement with the words “New York Stock Exchange or the Nasdaq Stock Market”; 

  

	 	1.2	 the Original Company is released from all of its obligations under the Trust Deed and the Rules, the New
Company agrees and is hereby deemed to be substituted for the Original Company as the person liable to perform the said obligations and the Trust Deed and the Rules shall have effect as if the New Company had been a party to and had executed the
Trust Deed in place of the Original Company and any references to the Original Company in the Trust Deed and in the Rules were references to the New Company; and 

 

	 	1.3	 the Scheme be henceforth known as ‘The Dole plc Employee Profit Sharing Scheme’.

  

	2.	 This Deed may be executed in any number of counterparts, and by parties on separate counterparts, but shall not
be effective until each party has executed at least one counterpart. Each counterpart shall constitute an original of this Deed, but all the counterparts shall together constitute one and the same instrument. 

 

	3.	 This Deed shall be governed and construed in accordance with the laws of Ireland. 

IN WITNESS WHEREOF the parties hereto have executed these presents on the day and year first above written. 

  
 2 

 GIVEN under the common seal of 

TOTAL PRODUCE PLC 
 and DELIVERED as a DEED:

  

	
	 ILLEGIBLE

	
	Director
	 ILLEGIBLE

	Secretary

 GIVEN under the common seal of 

DOLE PLC 
 and DELIVERED as a DEED: 

 

	
	 ILLEGIBLE

	Director
	
	 ILLEGIBLE

	Secretary

 GIVEN under the common seal of 

COMPUTERSHARE TRUSTEES (IRELAND) LIMITED 
 and
DELIVERED as a DEED: 
  

	
	 ILLEGIBLE

	Director
	
	 ILLEGIBLE

	Director/Secretary

  
 3EX-10.2

 Exhibit 10.2 

DATED 18/02/2008 

(1) TOTAL PRODUCE PLC 

(2) COMPUTERSHARE TRUSTEES LIMITED 
  

 
 TRUST DEED

 ESTABLISHING THE TOTAL PRODUCE SIP TRUST 
  

 
  

 
 

 
  
  

  
 1 

 THIS TRUST DEED is made on the 18 day of February 2008 

BETWEEN:- 
  

	(1)	 TOTAL PRODUCE PLC (registered in the Republic of Ireland number 427687) whose registered office is at
Charles McCann Building, The Ramparts, Dundalk, Co Louth (the “Company”); and 

  

	(2)	 COMPUTERSHARE TRUSTEES LIMITED (registered in England Number 3661515) whose registered office is at The
Pavilions, Bridgwater Road, Bristol BS13 8AE (the “Original Trustee”). 

 WHEREAS:- 

 

	(A)	 The parties intend, by the execution of this Deed, to establish an employees’ share scheme, the terms of
which comply both with the requirements of section 60(12) of the Irish Companies Act 1963 and Schedule 2 to the Income Tax (Earnings and Pensions) Act 2003, to facilitate the acquisition and holding of shares by and for the benefit of employees of
the Company and of subsidiaries of the Company pursuant to The Total Produce Share Incentive Plan (the “Plan”). 

  

	(B)	 The Company has paid to the Original Trustee by way of gift the sum of £10, the receipt of which the
Original Trustee acknowledges. 

  

	(C)	 The Original Trustee has agreed to act as the first trustee of this Trust. 

 

	(D)	 The settlement created by this Deed shall unless and until the Trustees for the time being of this Trust
otherwise determine, be known as The Total Produce SIP Trust. 

 IT IS AGREED as follows:- 

INTERPRETATION 
  

	1.1	 The following words and expressions shall, where they are used in this Deed, have the following meanings:-

  

			
	 “Beneficiary”
	 	a bona fide employee or former employee of any member of the Group
		
	 “Charity”
	 	any company, trust, association or other body of persons established for charitable purposes only
		
	 “this Deed”
	 	the provisions of this trust deed as varied or added to from time to time pursuant to and in accordance with Clause 15
		
	 “Employees’ Share

Scheme”
	 	an employees’ share scheme, the terms of which comply with the requirements of section 60(12) of the Irish Companies Act 1963
		
	 “Foreign Cash

Dividend”
	 	means a cash dividend paid in respect of Plan Shares in a company not resident in the United Kingdom
		
	 “this Settlement”
	 	the trusts declared in this Deed
		
	 “Takeover Offer”
	 	an offer to acquire all the shares in the capital of the Company, which has been made in circumstances and under terms that would (subject only to the relevant acceptance threshold being achieved) permit the offeror to invoke the
procedure for the compulsory acquisition of shares in the Company under section 204 of the Irish Companies Act 1963
		
	 “Trustee”
	 	the Original Trustee or other the trustee or trustees for the time being of this Settlement

  
 2 

			
	 “Trust Fund”
	 	 (a)   the initial sum of £10 paid to the Original Trustee;

 
 (b)   all property, other than
any Participant’s Partnership Share Money, transferred to the Trustee to hold on the terms of this Settlement, including any accumulation of income of such property; and
  

(c)   all property from time to time representing the above

		
	 “Trust Period”
	 	 means the period beginning with the date hereof and ending upon the first to happen of the following namely:-

 
 (a)   the expiry of the period
of eighty years beginning with the date of this Deed; or
  

(b)   such date as the Trustee (acting with the prior written consent of the Company) shall by deed
declare to be the end of the Trust Period (not being a date earlier than the date of such deed)

		
	 “Trust Property”        
	 	any property comprised in the Trust Fund

 All terms used in this Deed which are defined in the Glossary to the Plan shall bear the same meanings as in
that Glossary. 
  

	1.2	 For the purposes of the interpretation of this Deed:- 

 

	 	1.2.1	 words denoting the singular shall include the plural and vice versa; 

 

	 	1.2.2	 words denoting the masculine gender shall include the feminine and neuter gender; 

 

	 	1.2.3	 no account shall be taken of the clause headings which have been inserted for ease of reference only;

  

	 	1.2.4	 references to any statutory provision shall be read and construed as references to such provision as amended or
re-enacted from time to time; and 

  

	 	1.2.5	 references to clauses and Schedules are to be read and construed as references to clauses and Schedules of this
Deed. 

  

	2.	 PRINCIPAL TRUSTS 

 

	2.1	 Subject to the provisions of Clause 2.4 the Trustee shall during the Trust Period hold the capital and income
of the Trust Fund UPON TRUST:- 

  

	 	2.1.1	 for so long as the Plan, having been approved by HMRC pursuant to the Schedule, remains so approved, to hold
the Trust Fund for the benefit of Beneficiaries but shall deal with the same only in accordance with the provisions of Clauses 4 and 5; and 

  

	 	2.1.2	 subject to Clause 2.1.1 above, for all or such one or more exclusively of the other or others of the
Beneficiaries at such age or time or respective ages or times and if more than one in such shares and either absolutely or for such period or respective periods and with such gifts over and upon such trusts (including discretionary trusts) and with
or subject to such powers or provisions (whether dispositive or administrative at the discretion of the 

  
 3 

	 	
Trustee or of any one or more of the Beneficiaries or of any other person or persons) and generally in such manner in all respects for the benefit of all or any one or more of the Beneficiaries
as the Trustee may at any time or times during the Trust Period by deed or deeds revocable or irrevocable in their discretion appoint PROVIDED THAT no exercise of the power conferred by this Clause 2.1.2 shall invalidate any prior payment or
application of either the capital or income of the Trust Fund or affect any part of the Trust Fund to which any person has become indefeasibly entitled. 

  

	2.2	 In default of and subject to any appointment made under Clause 2.1, and subject to the provisions of Clauses
2.4 and 5, the following trusts shall apply to the capital and income of the Trust Fund:- 

  

	 	2.2.1	 the Trustee may accumulate the whole or part of the income of the Trust Fund during the Trust Period as an
addition to the capital of the Trust Fund and as one fund with such capital for all purposes but the Trustee may apply such Trust Property as if it were income arising in the then current year; 

 

	 	2.2.2	 subject to Clause 5.2, the Trustee shall pay or apply the income of the Trust Fund to or for the benefit of any
one or more of the Beneficiaries and if more than one in such proportions and in such manner in all respects as the Trustee shall in its absolute discretion think fit; 

 

	 	2.2.3	 the Trustee may at any time or times during the Trust Period realise the whole or any part or parts of the
Trust Fund and may pay the same to or apply the same for the benefit of any one or more of the Beneficiaries in such manner as the Trustee shall in its absolute discretion think fit; and 

 

	 	2.2.4	 subject to the preceding provisions of this Clause 2, the Trustee shall hold the capital and income of the
Trust Fund at the expiry of the Trust Period UPON TRUST for such one or more of the Beneficiaries and if more than one in such proportion and in such manner in all respects as the Trustee shall before the end of the Trust Period, and in its
absolute discretion, determine SAVE THAT if there are no such Beneficiaries or in default of such determination the Trustee shall hold the capital and income of the Trust Fund on trust absolutely for such one or more Charity as the Company
shall in its discretion determine. 

  

	2.3	 The provisions of Clause 2.4 shall have effect for the purpose of ensuring that any contribution or loan to the
Trust Fund by a company incorporated in the Republic of Ireland falls to be excluded from the prohibition (in Section 60 of the Irish Companies Act 1963) against the giving of financial assistance for the purchase of shares in the Company.

  

	2.4	 No part of the Trust Fund which was contributed or loaned to the Trust by a company incorporated in the
Republic of Ireland (an “Irish Company”), or which represents, or is derived from the investment of, monies contributed or loaned to the Trust by an Irish Company, shall be applied in the purchase or subscription of shares (being shares in
such Irish Company, or in any company incorporated in the Republic of Ireland which is a holding company, within the meaning that term is given for the purposes of the Irish Companies Act, of such Irish Company) to be held by or for the benefit of
any person who is not an employee or former employee of either:- 

  

	 	(a)	 the Irish Company which made such contribution or loan, or 

 

	 	(b)	 any subsidiary (within the meaning that term is given for the purposes of the Irish Companies Acts) of such
Irish Company 

 and any shares so purchased or subscribed shall be held by the Trustees, and applied by the Trustees in
providing benefits, only for any person who is, or persons each of whom is, an employee or former employee of the Irish Company which made such contribution or loan or of any such subsidiary of such Irish Company. 

  
 4 

	3.	 ADDITIONS TO THE TRUST FUND 

 

	3.1	 The Trustee may at any time accept a gift of Shares or other assets to be held as an addition to the Trust
Fund. 

  

	3.2	 Any member of the Group may from time to time at its sole discretion transfer pay or credit sums of money to
the Trustee to be held as an addition to the Trust Fund, and nothing in this Deed shall confer on the Trustee any right to receive any such transfer, payment or credit or create any trust of the money intended to be transferred, paid or credited
unless and until the same shall have been actually transferred, paid or credited to the Trustee. 

  

	3.3	 If Shares are listed on the Official List of the UK Listing Authority, the Company shall apply for a listing
for any Shares subscribed by the Trustee. 

  

	3.4	 The Trustee shall not accept any contribution to the Trust Fund from any person if the acceptance of such
contribution would cause this Settlement to be in breach of the rules restricting the accumulation of trust income. 

  

	4.	 PARTNERSHIP SHARE MONIES AND PARTNERSHIP SHARES 

 

	4.1	 The Trustee shall accept any Participant’s Partnership Share Money and shall hold such funds upon trust
for the benefit of such Participant and shall deal with such funds and with any income from the investment of such funds only in accordance with the Plan SAVE THAT the Trustee shall be under no duty or obligation to deposit such funds in an
interest-bearing account. 

  

	4.2	 The Trustee shall apply each Participant’s Partnership Share Money in acquiring Shares in accordance with
the Plan by:- 

  

	 	4.2.1	 purchase in the market (whether on the London Stock Exchange, the Irish Stock Exchange or any other market on
which Shares may be purchased, from time to time); 

  

	 	4.2.2	 subscription; or 

  

	 	4.2.3	 acquisition by purchase from the Trust Fund. 

 

	4.3	 For the avoidance of doubt, the Trustee shall not be liable for any disadvantage suffered by any Participant as
a result of changes to:- 

  

	 	4.3.1	 the Conversion Rate; or 

 

	 	4.3.2	 the market value of Shares 

in the period between the Trustee’s receipt of a Participant’s Partnership Share Money and its acquisition of Partnership Shares, on
behalf of the relevant Participant, with the Participant’s Partnership Share Money. 
  

	4.4	 The Trustee shall hold a Participant’s Partnership Shares upon trust for the benefit of such Participant
and shall deal with such Shares and all rights attaching to such Shares only in accordance with the Plan and this Deed. 

  

	4.5	 For the purposes of section 13 of the Perpetuities and Accumulations Act 1964, the accumulation period
applicable to any Partnership Share Money shall be 21 years from the date of this Deed. 

  
 5 

	5.	 TRUSTEE’S POWERS AND DUTIES RELATING TO THE PLAN 

 

	5.1	 The Trustee shall join with the Company in establishing and giving effect to the Plan. 

 

	5.2	 For so long as the Plan having been approved by HMRC pursuant to the Schedule remains so approved, the Trust
Fund shall not be applied, and this Settlement shall not be used, otherwise than for the purposes of giving effect to the Plan. 

  

	5.3	 The Trustee shall expend any sum received from any member of the Group as a contribution to the Trust Fund for
any such one or more of the purposes mentioned in Clause 5.4 as the Trustee shall in its absolute discretion determine and pending such expenditure shall deposit any such contribution with a Bank on such terms as the Trustee may in its absolute
discretion think fit. 

  

	5.4	 The purposes referred to in Clause 5.3 are:- 

 

	 	5.4.1	 the acquisition of Shares for the purposes of the Plan whether by way of:- 

 

	 	(a)	 purchase in the market (whether on the London Stock Exchange, the Irish Stock Exchange or any other market on
which Shares may be purchased, from time to time); 

  

	 	(b)	 subscription; or 

  

	 	(c)	 acquisition by purchase from the Trust Fund; 

 

	 	5.4.2	 the repayment of sums borrowed; 

 

	 	5.4.3	 the payment of interest on sums borrowed; 

 

	 	5.4.4	 satisfying any of the obligations of the Trustee under the Plan; and 

 

	 	5.4.5	 paying expenses of the Trustee (including the fees of the Trustee, any Administrator and any professional
adviser retained by the Trustee in relation to the operation of the Plan). 

  

	5.5	 The Trustee may only acquire shares or other securities which are not Shares if:- 

 

	 	5.5.1	 they are shares or other securities issued to the Trustee in exchange for or in respect of Shares in
circumstances mentioned in section 135(1) of the Taxation of Chargeable Gains Act 1992; or 

  

	 	5.5.2	 if they are shares or other securities acquired by the Trustee pursuant to a reconstruction or amalgamation as
mentioned in section 136 of that Act. 

  

	5.6	 The Trustee may at any time and from time to time award Shares to any one or more of the Beneficiaries pursuant
to and in accordance with the Plan. 

 Duty to give notice of acquisition of Partnership Shares 

 

	5.7	 As soon as practicable after the Trustee has acquired any Partnership Shares on behalf of a Participant, the
Trustee shall give him or her notice of the acquisition:- 

  

	 	5.7.1	 specifying the number and description of those Shares; 

 

	 	5.7.2	 stating the amount of Partnership Share Money applied by the Trustee in acquiring such Partnership Shares;

  

	 	5.7.3	 their Market Value on the Acquisition Date; and 

  
 6 

	 	5.7.4	 informing him or her of any amount of surplus Partnership Share Money carried forward. 

Duty to give notice of acquisition of Dividend Shares 
  

	5.8	 As soon as practicable after any Dividend Shares have been acquired on behalf of a Participant the Trustee
shall give him or her notice of the acquisition:- 

  

	 	5.8.1	 specifying the number and description of those Shares; 

 

	 	5.8.2	 stating their Market Value on the Acquisition Date; 

 

	 	5.8.3	 stating the Holding Period applicable to them; and 

 

	 	5.8.4	 informing him or her of any surplus amount of cash dividends carried forward. 

Foreign cash dividends 
  

	5.9	 If the Trustee receives any Foreign Cash Dividend in respect of any of a Participant’s Plan Shares, the
Trustee shall notify the Participant of the amount of any foreign tax deducted from the dividend before it was paid. 

Duty to deal with Plan Shares 
  

	5.10	 The Trustee shall hold and deal with all Shares awarded to or acquired on behalf of any Participant only in
accordance with the terms of Part C of the Plan and the following provisions of this Deed. 

 General duty of Trustee
to retain Dividend Shares 
  

	5.11	 Save as mentioned in Clause 5.12, the Trustee shall not dispose of any of a Participant’s Plan Shares that
are Dividend Shares (whether to the Participant or otherwise) at any time during the Holding Period relating to such Shares unless the Participant ceases to be in Relevant Employment. 

 

	5.12	 The duty imposed by Clause 5.11 shall not restrict the Trustee from disposing of any of a Participant’s
Plan Shares in accordance with a provision of the Plan which gives effect to the requirements of any of the paragraphs of the Schedule mentioned in paragraph 73(3) of the Schedule. 

Power of Trustee to raise funds to subscribe for a rights issue 

 

	5.13	 The Trustee may, subject to Clause 5.17, dispose of some of the rights under a rights issue in order to be able
to obtain sufficient funds to exercise other such rights. 

  

	5.14	 For the purposes of Clause 5.13, “rights issue” means rights conferred in respect of a
Participant’s Plan Shares to be allotted, on payment, other shares or securities or rights of any description in the same company. 

Duty of Trustee on Participant ceasing to be in Relevant Employment 

 

	5.15	 If a Participant ceases to be in Relevant Employment, the Trustee shall as soon as is practicable:-

  

	 	5.15.1	 transfer such Participant’s Plan Shares to the Participant or another person at his direction; or

  
 7 

	 	5.15.2	 dispose of the Shares and account (or hold itself ready to account) for the proceeds to the Participant or to
another person at his direction. 

  

	5.16	 The Trustee shall pay over to a Participant any money or money’s worth received by the Trustee in respect
of or by reference to any of such Participant’s Plan Shares, other than money or money’s worth consisting of New Shares SAVE THAT this duty of the Trustee shall not prevent the Trustee from reinvesting cash dividends in accordance
with the Plan nor from doing anything in fulfilment of its obligations under or in relation to PAYE. 

 General duties
to Participants 
  

	5.17	 Subject to Clause 5.15, the Trustee shall dispose of a Participant’s Plan Shares and deal with any right
conferred in respect of any of his Plan Shares to be allotted other shares, securities or rights of any description only pursuant to a direction given by or on behalf of the Participant SAVE THAT the Trustee may dispose of any of a
Participant’s Plan Shares which cease to be held in the Plan and any of a Participant’s remaining Plan Shares to meet any obligation imposed on the Trustee under or in relation to PAYE. 

Duties in relation to tax liabilities 
  

	5.18	 The Trustee shall:- 

  

	 	5.18.1	 maintain such records as may be necessary for the purposes of complying with any obligations of the Trustee or
of any member or former member of the Group under PAYE and NICs so far as they relate to the Plan; and 

  

	 	5.18.2	 when a Participant becomes liable to income tax under Chapter 3 or 4 of Part 4 of the Income Tax (Trading and
Other Income) Act 2005 or ITEPA by reason of the occurrence of any event, inform him of any facts relevant to determining that liability. 

  

	5.19	 References in the preceding provisions of this Clause 5 to a Participant include, in relation to a Participant
who has died, a reference to his Personal Representatives. 

 Administration of the Plan 

 

	5.20	 The Trustee may from time to time appoint any such person as the Company may approve to act as Administrator on
such terms as the Trustee and the Company shall agree and in that event the Trustee shall delegate to such person such of the Trustee’s administrative powers and duties as shall, in the opinion of the Directors, be necessary or appropriate to
enable such person to procure the award of Shares to, and the acquisition of Shares on behalf of, Participants and generally to administer the operation of the Plan PROVIDED THAT:- 

 

	 	5.20.1	 no such delegation shall take effect so as to divest the Trustee of any duty imposed on the Trustee by the
provisions of this Deed; and 

  

	 	5.20.2	 the Trustee shall remain liable for the acts and defaults of such person to the intent that section 23 of the
Trustee Act 2000 shall not apply. 

  

	5.21	 The Trustee may pay the costs and expenses of any Administrator out of the Trust Fund. 

Power to take and pay for professional advice 
  

	5.22	 The Trustee may, for the purpose of enabling the Trustee or any Administrator to exercise the powers and duties
of this Settlement, seek and act upon the advice of any such firm of legal or other professional advisers and may pay for such advice out 

  
 8 

	 	
of the Trust Fund PROVIDED THAT no such advice shall be sought by the Trustee or the Administrator on any occasion without the prior approval (which shall not be unreasonably withheld) of
the Company as to the choice of such adviser and the terms on which such advice shall be sought. 

 Provision of
information to the Company 
  

	5.23	 The Trustee shall provide to the Company and every other member of the Group all such information relating to
the operation of the Plan as shall, in the opinion of the Directors, be necessary to enable each such member of the Group to fulfil its obligations to account for income tax and NICs under PAYE. 

 

	5.24	 The Trustee shall, from time to time, provide to the Company such other information, relating to the operation
of the Plan and to the individual entitlements of any or all of the Participants as the Company may request, and shall do so within such reasonable period as the Company may specify. 

Residual Shares 
  

	5.25	 If any Shares (other than a Participant’s Plan Shares) remain Trust Property after either:-

  

	 	5.25.1	 Shares have been awarded to Participants in accordance with the Plan on any occasion; or 

 

	 	5.25.2	 the requirements of paragraph 90 of the Schedule have been complied with 

the Trustee shall, if the Company so directs, hold such Shares upon trust to sell such Shares in the market and pay or apply the net proceeds
of sale (after deduction of all costs and expenses and of such amount as, in the opinion of the Trustee, is sufficient to enable the Trustee to discharge in full all of its current and future liabilities, whether actual or contingent) to or for the
benefit of Participating Companies in such proportions, having regard to their respective contributions, to the Trust Fund as the Company shall direct. 

Acquisition of shares from a QUEST 
  

	5.26	 If any Shares are transferred to the Trustee as mentioned in paragraph 78 of the Schedule, such Shares shall
not become Partnership or Dividend Shares. 

 Duty to monitor Participants in connected plans 

 

	5.27	 The Trustee shall maintain records of Participants who in the same Tax Year have participated in one or more
other Approved Share Incentive Plans established by the Company or a Connected Company. 

  

	6.	 TRUSTEE’S DEALINGS IN SHARES 

 

	6.1	 For the purpose of enabling the Directors to ensure compliance by the Company and by its directors with the
rules and regulations imposed by the Irish Stock Exchange, the Trustee shall inform the secretary of the Company in writing in advance of any dealing by the Trustee in Shares (otherwise than any award of Shares to or acquisition of Partnership
Shares or Dividend Shares on behalf of, a Participant who is not a director of the Company being a dealing pursuant to or done for the purpose of giving effect to the operation of the Plan). 

 

	6.2	 If the Trustee provides any benefit (in whatever form) out of the Trust Fund to any Beneficiary (otherwise than
pursuant to the Plan) the Trustee shall give details of such benefit to the secretary of the Company. 

  
 9 

	6.3	 The Trustee shall not deal in Shares or other securities of the Company at any time if the Trustee is aware or
has received notice in writing from the Company that any such dealing at that time would cause the Company or any Subsidiary or any director, officer or employee of the Company or any Subsidiary to be in breach of the provisions of the code of
dealing adopted by resolution of the directors of the Company imposing restrictions upon dealings by directors and employees in Shares or securities of the Company as required by the rules of the Irish Stock Exchange PROVIDED THAT nothing in
this Clause 6.3 shall compel the Trustee to enquire from the Company or any Subsidiary as to whether such dealing would breach any such provisions. 

Waiver of Trustees’ dividend and voting rights 
  

	6.4	 The provisions of Clauses 6.5 and 6.6 shall not apply (so that the Trustee shall not be taken to have waived
its rights to receive dividends and/or exercise voting rights) throughout any period in relation to which the Company has given notice in writing to the Trustee that such provisions shall not apply PROVIDED THAT no such period shall commence
before the date on which such notice is received by the Trustee. 

  

	6.5	 Whilst and for so long as any Shares are held by the Trustee and no beneficial interest in such Shares is
vested in any Beneficiary the Trustee shall waive any right to dividend payments in respect of such Shares and the Trustee shall not be liable for any loss to the Trust Fund as a result of such waiver. 

 

	6.6	 Whilst any Shares in the Company are held by the Trustee the Trustee shall refrain from exercising any voting
rights which may attach to the Shares SAVE THAT if the beneficial interest in any Share is vested in any Beneficiary then the Trustee shall comply with the provisions of Rule 41 of the Plan. 

 

	7.	 INVESTMENT POWERS 

 

	7.1	 The Trustee may apply the whole or any part of the Trust Fund in the acquisition of Shares by subscription or
by purchase from any person at a price which is not greater than the price which the Trustee would otherwise have to pay for the purchase of such Shares on the Irish Stock Exchange (or, if such Shares are not listed on the Irish Stock Exchange, in
the open market) at the time of purchase. 

  

	7.2	 The Trustee shall not be under any obligation to diversify the investment of the Trust Fund and, in particular,
may:- 

  

	 	7.2.1	 retain, in their existing condition, any investments, including Shares or other securities of the Company, or
other property (including uninvested money) for the time being forming part of the Trust Fund for so long as the Trustee in its absolute discretion thinks fit notwithstanding that the same may comprise the sole investment of the Trust Fund; and

  

	 	7.2.2	 at its absolute discretion, invest the whole of the Trust Fund in the shares or securities of any one company

 without being liable for any loss occasioned thereby. 

 

	7.3	 The Trustee shall be under no obligation to:- 

 

	 	7.3.1	 become a director or officer, or interfere in the management or affairs, of any company any of the shares or
stocks of which are, for the time being, comprised in the Trust Fund or any company associated with such company, notwithstanding that the Trustee has {whether directly or indirectly) a substantial holding in or control of any such company; or

  

	 	7.3.2	 seek information about the affairs of any such company

  
 10 

	 	
but may leave the conduct of the affairs of any such company to its directors or other persons managing the company (so long as they have no actual notice of any act of dishonesty on the part of
such directors or others in connection with the management of the company). 

  

	8.	 ADDITIONAL POWERS 

 

	8.1	 In addition to all the powers vested in trustees by law or statute, the Trustee shall have the following powers
regarding the Trust Fund:- 

  

	 	8.1.1	 power to invest or hold or allow to remain in the name or under the control of any person as nominee or bare
trustee of the Trustee the whole or such part of the Trust Fund as the Trustee shall in its absolute discretion think fit and the Trustee shall not be liable for any loss to the Trust Fund or the income of the Trust Fund occasioned by the exercise
of this power; 

  

	 	8.1.2	 power to promote, alone or with others, and to approve, concur or acquiesce in, or agree to carry into effect,
alone or with others, any scheme, proposal or offer for or leading to or being a step in:- 

  

	 	(a)	 the reconstruction or amalgamation with any other company or corporation of any company or corporation in whose
securities the Trust Fund or any part of the Trust Fund shall be for the time being invested; 

  

	 	(b)	 the release, modification or alteration of the rights, privileges or liabilities attached to any investments or
other property forming part of the Trust Fund or attached to any property whatever having rights affecting any such investments or other property; or 

  

	 	(c)	 the exchange of any investments or other property forming part of the Trust Fund for any other investments or
other property 

  

	 	8.1.3	 power to give warranties and indemnities for the foregoing purposes with power to accept any security, shares
or other interest of any description of the reconstructed or purchasing or new company or demerged company or companies in lieu or in exchange for all or any of the original securities, shares or other interest and with power to retain any property
so accepted as aforesaid for any period for which the original property could have been retained; 

  

	 	81.4	 power to apply the Trust Fund or any part of it or the whole or any part of the income of the Trust Fund in
paying any stamp duty or stamp duty reserve tax payable in respect of any transfer of or agreement to transfer Shares to a Beneficiary; 

  

	 	8.1.5	 power to borrow moneys, for any purpose for which trust moneys may be applied under this Settlement, from any
person or company (including any member of the Group) on such terms as the Trustee may decide PROVIDED THAT any loan made to the Trustee by any member of the Group shall be on terms which are no less favourable to the Trustee than if it had
been made in a transaction made at arm’s length between persons not connected with each other; 

  

	 	8.1.6	 power to pay any duties or taxes or other fiscal impositions (together with any related interest or penalties
or surcharges) for which the Trustee may become liable and to have entire discretion as to the time and manner in which such duties taxes and fiscal impositions shall be paid and no person interested under this Deed shall be entitled to make any
claim whatsoever against the Trustee by reason of such payment; 

  
 11 

	 	8.1.7	 power to arrange for any member of the Group to account to HMRC or other authority concerned for any amounts
deducted from the sums of money paid or credited to the Trustee by any member of the Group or from or in respect of any amounts paid or property transferred by the Trustee to Beneficiaries in respect of income tax or any other deductions required by
law; 

  

	 	8.1.8	 power to delegate to any other person or persons (including any one or more of themselves) all or any of the
administrative and management functions and powers (including investment powers) vested in the Trustee either by virtue of the provisions of this Deed or by virtue of its office as Trustees PROVIDED THAT:- 

 

	 	(a)	 this power shall apply only after the Plan, having been approved by HMRC pursuant to the Schedule, is no longer
so approved; and 

  

	 	(b)	 the Trustee shall not be entitled to delegate the exercise of discretionary trusts and powers in relation to
the Trust Fund which require or empower the determination of beneficial interests in the Trust; and 

  

	 	(c)	 no such delegation shall take effect so as to divest the Trustee of any duty imposed on the Trustee by the
provisions of this Deed; and 

  

	 	(d)	 the Trustee shall remain liable for the acts and defaults of such person to the intent that Section 23 of
the Trustee Act 2000 shall not apply; 

  

	 	8.1.9	 power to convert any moneys forming part of the Trust Fund into any other property, whether income producing or
not, in particular power to acquire any property with moneys forming part of the Trust Fund or the income of the Trust Fund and to transfer such property or any part of it to any Beneficiary in exercise of the Trustee’s powers and discretions;

  

	 	8.1.10	 power to deal with the Trust Fund as if the Trustee were a sole absolute beneficial owner of the Trust Fund;

  

	 	8.1.11	 power to make any payment to any Beneficiary into such Beneficiary’s bank account and in such case the
Trustee shall be discharged from obtaining a receipt or seeing to the application of such payment; 

  

	 	8.1.12	 power to enter into any agreement or grant any option for the sale or other disposition of any shares stock or
securities comprised in the Trust Fund upon any terms and for any consideration whatsoever and power to give warranties indemnities and undertakings for the above purposes; 

 

	 	8.1.13	 power to make and to amend by resolution in writing such rules as the Trustee may in its absolute discretion
think fit for the purpose of determining the basis upon which the Trust Fund shall be paid or applied to or for the benefit of Beneficiaries; 

  

	 	8.1.14	 power in its absolute discretion to enter into any transaction with any other person or persons whether that
person or persons is or are acting in a fiduciary capacity or not (being a transaction which apart from foregoing provisions of this Deed the Trustee could properly have entered into if it or any Trustee had not also been or been interested in such
other person or persons) notwithstanding that the Trustee or any of them may also be or be interested in such other person or persons and in like manner in all respects as if the Trustee or any of them were not, or were not interested in, such other
person or persons; and 

  
 12 

	 	8.1.15	 power to agree with HMRC that, if the Market Value of any Shares falls to be determined for the purposes of the
Schedule, the Market Value of such Shares shall be determined by reference to such date or dates, or to an average of the values on a number of dates, as may be specified in such agreement. 

 

	8.2	 Each such power shall be a separate power in addition and without prejudice to the generality of all other
powers vested in the Trustee, and the Trustee may exercise all or any of the same from time to time, without the intervention of any Beneficiary, in such manner and to such extent as it shall in its absolute discretion think fit SAVE THAT the
Trustee shall not exercise any such power if or to the extent that to do so would be inconsistent with the trusts of this Deed. 

  

	8.3	 The discretions conferred upon the Trustee by this Deed or by law shall be absolute and unfettered discretions
and the Trustee shall not be obliged to give any person beneficially interested under this Settlement any reason or justification for any exercise or non-exercise of any such discretion. 

 

	9.	 PERPETUITY PERIOD  

The Perpetuity Period applicable to this Settlement shall be the period of 80 years from the date of execution of this Deed. 

 

	10.	 TRUSTEE  

  

	10.1	 Subject to the following provisions of this Clause 10, the statutory power of appointing new or additional
trustees of this Settlement shall be vested in the Company and the Company shall have the power exercisable by deed to remove any person as trustee of this Settlement and to appoint any new trustee of this Settlement in the place of such person
SAVE THAT:- 

  

	 	10.1.1	 the power conferred by this Clause 10.1 shall only be operative and capable of taking effect from the date on
which the person who is to be removed as trustee receives notice in writing of such removal and every new trustee accepts office as such new Trustee; and 

  

	 	10.1.2	 if the Company shall be the subject of a Takeover Offer which becomes or is declared unconditional in all
respects the Company shall not exercise any power to remove any person as a Trustee or to appoint a new or additional Trustee at any time within the period of thirty days beginning with the date on which such Takeover Offer becomes or is declared
unconditional in all respects. 

  

	10.2	 Every trustee of this Settlement shall be resident in the United Kingdom and the Company shall immediately
remove as a trustee of this Settlement any trustee who ceases to be resident in the United Kingdom. 

  

	10.3	 The minimum number of trustees of this Settlement shall be two individuals or a body corporate.

  

	10.4	 So long as the number of trustees of this Settlement is below the minimum number, the Trustee shall not be
entitled to exercise any discretion or power pursuant to the terms of this Deed. 

  

	10.5	 Any trustee of this Settlement may, at any time, by written notice given to the Company and to the remaining
Trustees (if any), retire from his office at the expiry of one month from the date when such notice is received by the Company or any shorter period agreed in writing by the Company PROVIDED THAT such retirement shall not take effect
unless and until immediately after it there will be as trustees of this Settlement, (whether by virtue of an appointment taking effect forthwith upon such retirement or otherwise), at least the minimum number of persons required by Clause 10.3 to be
the trustees. 

  
 13 

	10.6	 Any person who ceases to be a trustee of this Settlement shall execute and do or make all such transfers or
other documents acts or things as may be necessary for vesting the Trust Fund in the new or continuing Trustee or placing it under the control of the Trustee and shall be bound and entitled to assume that any new trustee of this Settlement is a
proper person to have been appointed PROVIDED ALWAYS that if any outgoing trustee of this Settlement is liable as Trustee for any duties or taxes or fiscal impositions (including without prejudice to the generality of the foregoing words
capital gains wealth gifts probate succession death or any other duties or taxes on capital or income) wheresoever arising and whether or not enforceable through the courts of the place where such Trustee is resident or where this Settlement is for
the time being administered then that person shall not be bound to transfer the Trust Fund as aforesaid unless reasonable security is provided for indemnifying them and their estates against such liability. 

 

	10.7	 A trust corporation or other corporate trustee may be appointed by deed to be a Trustee upon such terms as to
remuneration and otherwise as may be agreed at the time of its appointment by the person or persons making the appointment (on the one hand) and the trust corporation or other corporate trustee (on the other hand). 

 

	10.8	 The provisions of sections 37 and 39 of the Trustee Act 1925 shall apply to this Settlement as if any reference
in those sections to a trust corporation were a reference to a company or body corporate carrying on trust business. 

  

	11.	 REMUNERATION OF THE TRUSTEE  

 

	11.1	 Any Trustee, or any director or other officer of a body corporate acting as a Trustee being an individual
engaged in any profession or business, shall be entitled to be paid all usual professional or proper charges for work done by him, his firm or his company in connection with the trusts declared in this Deed, on the usual terms and conditions of such
firm or company in force from time to time including (in addition to reimbursement of such firm or company’s proper expenses, costs and other liabilities) the right to remuneration and the incidence of remuneration whether such work is in the
ordinary course of his profession or business or not, including acts which a Trustee, not being in any profession or business, could have done personally. 

  

	11.2	 Any corporate body acting as Trustee:- 

 

	 	11.2.1	 may carry out, in its own office, in connection with this Settlement, any business which by its constitution it
is authorised to undertake and in which it is then, in fact, ordinarily engaged, upon the same terms as would for the time being be made with an ordinary customer and if it is a bank, it shall be entitled to act as a banker to and make advances to
the Trustee in connection with the trusts declared in this Deed, without accounting for any profit thereby made and in all respects as if it were not a Trustee; and 

 

	 	11.2.2	 may employ as a banker or investment adviser or other agent, on behalf of this Settlement, any company, firm or
enterprise associated with it PROVIDED THAT such agent is authorised by its constitution to undertake such business and that it is, in fact, ordinarily so engaged and that all charges made by it for work done or services provided in
connection with the trusts declared in this Deed are reasonable and normal. 

  

	12.	 PERSONAL INTERESTS OF TRUSTEE  

 

	12.1	 No decision of or exercise of a power by the Trustee shall be invalidated or questioned on the grounds that the
Trustee or any individual trustee of this Settlement or any director or other officer of a body corporate acting as Trustee had an interest in a 

  
 14 

	 	personal or fiduciary capacity in the result of any decision or in the exercising of any power and any such person may vote in such respect and be taken into account for the purposes of a quorum notwithstanding his
interest. 

  

	12.2	 A Beneficiary who is a Trustee or a director or other officer or employee of a body corporate acting as Trustee
may retain all benefits to which he becomes entitled under this Deed and shall not be liable to account for any property paid to or applied for the benefit of him or any spouse, former spouse, child (including step-child) of such Beneficiary.

  

	12.3	 Any Trustee, and any director or other officer of a body corporate acting as Trustee, shall not be precluded
from acquiring, holding or dealing with any debentures, debenture stock, shares or securities whatsoever of the Company or any Subsidiary or from entering into any contract or other transaction with the Company or such Subsidiary or being interested
in any such contract or transaction and none of them shall be in any manner whatsoever liable to account to the Company or the Beneficiaries for any resulting profits made or benefits obtained by him or it. 

 

	12.4	 Any Trustee, or any director or other officer or any employee of a corporate body acting as Trustee, or any
associate or person or body connected with the Trustee may be employed and remunerated as a director or other officer or employee or as agent or adviser of any company, body or firm in any way connected with this Settlement or the Trust Fund and may
keep as his property (and without being liable to account therefor) any remuneration, fees or profits received by him in any such capacity, notwithstanding that his situation or office may have been obtained, held or retained by means or by reason
of his position as Trustee or as an employee or officer of a corporate trustee of the trusts declared in this Deed. 

  

	13.	 PROTECTION OF THE TRUSTEE  

 

	13.1	 In the professed execution of the trusts and powers contained in this Deed, no Trustee, or director or other
officer of a body corporate acting as Trustee, shall be liable for any loss arising by reason of:- 

  

	 	13.1.1	 negligence or fraud of any other Trustee or director or other officer or employee of a body corporate acting as
such other Trustee; or 

  

	 	13.1.2	 any mistake or omission made in good faith by any other Trustee or any such other person; or

  

	 	13.1.3	 any other matter or thing except loss arising by reason of fraud, wilful default or negligence on the part of
the Trustee or other person who is sought to be made liable. 

  

	13.2	 The Company HEREBY COVENANTS with the Trustee and every director or other officer of a body corporate
acting as Trustee jointly and severally for themselves and as trustees for their successors in title that it will at all times after the execution of this Deed keep each of them and each of their successors in title as Trustee and each of their
estates and effects fully indemnified and saved harmless both before as well as after any removal or retirement of a trustee of this Settlement pursuant to Clause 10 against all claims, losses, demands, actions, proceedings, charges, expenses,
costs, damages, taxes, duties and other liabilities that may be suffered or incurred by it or by any of them in connection with the execution of the trusts and powers of this Deed other than liabilities arising as a consequence of fraud, wilful
misconduct or (in the case of a Trustee, or any director or other officer of a body corporate acting as Trustee, who is engaged in the business of providing a trustee service for a fee) negligence and save to the extent that any such liability is
capable of being discharged at the expense of the Trust Fund. 

  
 15 

	14.	 INFORMATION SUPPLIED BY THE COMPANY  

The Trustee shall be entitled to rely, without further enquiry, on all information supplied to it by the Company and/or any directors or
officers of the Company with regard to its duties as trustee of the trusts declared in this Deed whether or not such information is for the purposes of or relates to the operation of the Plan, and the Trustee shall not be liable to any Participant
or any member of the Group for any loss arising in consequence of the incompleteness or inaccuracy of any such information. 
  

	15.	 POWER OF MODIFICATION  

 

	15.1	 Subject to Clause 15.2, during the Trust Period, the Company shall have power, so as to bind the Trustee, to
vary, amend, modify, alter or extend the trusts, powers and provisions of this Deed in any manner and in any particular whatsoever by deed delivered to the Trustee revocable (during the Trust Period) or irrevocable, which shall be expressed to be
supplemental to this Deed, and this Deed shall then be read and construed and take effect as if the provisions of such deed were incorporated in this Deed PROVIDED THAT no exercise of these powers may:- 

 

	 	15.1.1	 amend the definition of “Beneficiary” in Clause 1.1, or amend Clauses 3.4 (accumulation), 10.3
(minimum number of trustees), 13.2 (indemnity), and this Clause 15 (modification) or the proviso to Clause 8.1.5 (borrowing) insofar as they relate to loans made by any member of the Group; 

 

	 	15.1.2	 confer on any person other than an employee or former employee of the Company or of any Subsidiary any
eligibility or entitlement to benefit; 

  

	 	15.1.3	 extend the power conferred by this Clause 15 (modification) or remove the restrictions contained in this
proviso; 

  

	 	15.1.4	 be effective to amend Clauses 10.6 (outgoing Trustee), 10.7 (appointment), 11 (remuneration), 12 (personal
interests) or 13 (protection), or otherwise to impose on the Trustee any obligations more onerous than the obligations accepted by the Trustee under this Settlement prior to such purported amendment without the prior consent of the Trustee in
writing; 

  

	 	15.1.5	 cause this Settlement to cease to be an Employees’ Share Scheme; 

 

	 	15.1.6	 reduce or adversely affect the right or interest of any Beneficiary insofar as such right or interest has been
granted, awarded or allocated pursuant to the prior exercise by the Trustee of the Trustee’s powers under this Deed; or 

  

	 	15.1.7	 adversely affect the position of the Trustee unless the Trustee gives prior written consent to such amendment.

  

	15.2	 For so long as the Plan, having been approved by HMRC pursuant to the Schedule, remains so approved, no
alteration shall be made to any key feature of this Deed without the approval of HMRC. 

  

	15.3	 Every power, authority or discretion conferred upon the Trustee or any other person and not expressly made
exercisable only during a period allowed by law shall (notwithstanding anything to the contrary expressed or implied in this Deed) only to be exercisable during the Trust Period and during such further period if any (whether definite or indefinite)
as in the case of the particular power, authority or discretion the law may allow. 

  

	16.	 PROPER LAW  

The trusts of this Settlement are established under the laws of England and Wales and subject as provided in this Deed the rights of the
Beneficiaries and the rights powers and duties of the Trustee under this Deed and the construction of every provision of this Deed shall be determined according to the laws of England and Wales. 

  
 16 

	17.	 EXCLUSIONS FROM BENEFIT  

Notwithstanding anything to the contrary expressed or implied in this Deed, no part of the Trust Fund or its income shall at any time be paid
or lent or otherwise applied nor shall any power or discretion in this Deed or by law conferred on the Trustee or on any other person in any circumstances be exercisable or exercised in any manner which causes the Company or any one or more
Subsidiaries to be in breach of section 60 of the Irish Companies Act 1963, Regulation 5(2)(c) of the European Communities (Public Limited Companies Subsidiaries) Regulations, 1997 or causes this Settlement to fall outside the provisions of section
86 of the Inheritance Tax Act 1984. 
  

	18.	 COUNTERPARTS  

This Deed may be executed in any number of counterparts, and by the parties on separate counterparts, but shall not be effective until each
party has executed at least one counterpart. Each counterpart shall constitute an original of this Deed but all of the counterparts shall together constitute but one and the same instrument. 

 

	19.	 IRREVOCABILITY OF TRUSTS  

The trusts declared by this Deed are irrevocable. 

EXECUTED AS A DEED by the parties on the date which first appears in this Deed. 

 

					
	 EXECUTED (but not delivered until dated) as

a Deed by TOTAL PRODUCE PLC acting by:-
	  	 )
 )

)
	  	
			
		  	 ILLEGIBLE
 Director
	  	
			
		  	 ILLEGIBLE
 Director/Secretary
	  	

					
			
	 EXECUTED as a Deed (but not delivered until dated)

by affixing
 the Common Seal of

COMPUTERSHARE TRUSTEES LIMITED
 in the presence
of:-
	  	 )
 )

)
	  	
		  	 ILLEGIBLE
 Director
	  	
			
		  	 ILLEGIBLE
 Director/Secretary
	  	

  
 

 

  
 17 

 TOTAL PRODUCE PLC 

THE TOTAL PRODUCE SHARE INCENTIVE PLAN 

This is a copy of the rules of the Total Produce Share Incentive Plan as produced to a meeting of the board of directors of Total Produce plc
held on 30 November 2007 and signed, for the purposes of identification only, by the Chairman of the meeting 
 ILLEGIBLE 

Chairman 
  
 

 
  
 

 

 TOTAL PRODUCE PLC 

THE TOTAL PRODUCE SHARE INCENTIVE PLAN 
  

			
	Part A:	  	General
		
	Part B:	  	Partnership Shares
		
	Part C:	  	Provisions relating to the holding of Plan Shares
		
	Part D:	  	Glossary
		
	Part E:	  	Plan Trust Deed

 The Plan has been:- 
  

	(a)	 approved as part of the arrangements for the demerger of the general produce business of Fyffes plc by
shareholders of Fyffes plc by ordinary resolution passed on 5 December 2006; and 

  

	(b)	 established by resolution of the directors of Total Produce plc (the “Company”) passed on 30 November
2007; and 

  

	(c)	 approved by HMRC pursuant to the Schedule on
[                ] under reference [                ]. 

 CONTENTS 
  

					
	PART A: GENERAL	  	1
	1.	 	PURPOSE OF THE PLAN	  	1
	2.	 	PROVISION OF PARTNERSHIP SHARES	  	1
	3.	 	HOLDING OF PLAN SHARES	  	1
	4.	 	DEFINITIONS AND INTERPRETATION	  	1
	5.	 	ESTABLISHMENT OF PLAN TRUST	  	1
	6.	 	REFERENCES TO THE TRUSTEE TO INCLUDE REFERENCES TO THE ADMINISTRATOR	  	1
	7.	 	ELIGIBILITY TO PARTICIPATE IN THE PLAN	  	1
	8.	 	AMENDMENT OF THE PLAN	  	2
	9.	 	TERMINATION OF THE PLAN	  	2
	10.	 	ERRORS AND OMISSIONS	  	3
	11.	 	RELATIONSHIP WITH CONTRACT OF EMPLOYMENT	  	4
	12.	 	TERM OF THE DIRECTORS’ AUTHORITY TO ISSUE SHARES	  	4
	13.	 	OVERALL LIMIT ON THE ISSUE OF SHARES	  	4
	14.	 	PROPER LAW	  	4
	PART B: PARTNERSHIP SHARES	  	5
	15.	 	ISSUE OF INVITATIONS TO ENTER INTO A PARTNERSHIP SHARE AGREEMENT	  	5
	16.	 	ENTRY INTO A PARTNERSHIP SHARE AGREEMENT	  	5
	17.	 	QUALIFYING PERIOD OF EMPLOYMENT	  	5
	18.	 	AUTHORITY TO MAKE DEDUCTIONS FROM SALARY	  	6
	19.	 	INDIVIDUAL LIMIT ON DEDUCTIONS FROM SALARY	  	6
	20.	 	VARIATION BY PARTICIPANTS OF AMOUNTS DEDUCTED	  	6
	21.	 	TERM OF A PARTNERSHIP SHARE AGREEMENT	  	6

  
 1 

					
	22.	 	NOTICE OF EFFECT OF DEDUCTIONS ON BENEFITS AND TAX CREDITS	  	6
	23.	 	NOTICE TO STOP DEDUCTIONS	  	6
	24.	 	PARTNERSHIP SHARE MONEY TO BE HELD BY THE TRUSTEE	  	7
	25.	 	ACCUMULATION PERIODS	  	7
	26.	 	FURTHER REQUIREMENT OF ELIGIBILITY	  	8
	27.	 	ACQUISITION OF PARTNERSHIP SHARES	  	8
	28.	 	SCALING BACK OF PARTNERSHIP SHARES	  	9
	29.	 	CARRY-FORWARD OF SURPLUS PARTNERSHIP SHARE MONEY	  	9
	30.	 	NOTIFICATION OF ACQUISITION OF PARTNERSHIP SHARES	  	10
	31.	 	WITHDRAWAL FROM A PARTNERSHIP SHARE AGREEMENT	  	10
	32.	 	RETURN OF PARTNERSHIP SHARE MONEY UPON WITHDRAWAL OF HMRC APPROVAL	  	10
	33.	 	FORM OF PARTNERSHIP SHARE AGREEMENT	  	10
	34.	 	SUSPENSION OF DEDUCTIONS FROM SALARY	  	10
	PART C: PROVISIONS RELATING TO THE HOLDING OF PLAN SHARES	  	12
	35.	 	HOLDING OF PLAN SHARES	  	12
	36.	 	VOLUNTARY WITHDRAWAL OF SHARES FROM THE PLAN	  	12
	37.	 	AUTOMATIC WITHDRAWAL OF PLAN SHARES UPON CEASING TO BE IN RELEVANT EMPLOYMENT	  	12
	38.	 	CONSEQUENCES OF WITHDRAWAL OF SHARES FROM THE PLAN	  	12
	39.	 	NO LIABILITY FOR LOSS OCCASIONED BY DELAY	  	13
	40.	 	PROVISIONS OF SHAREHOLDERS’ INFORMATION TO PARTICIPANTS	  	13
	41.	 	VOTING RIGHTS ATTACHING TO PLAN SHARES	  	13
	42.	 	RIGHTS ISSUES	  	13
	43.	 	HOLDING PERIOD: FREEDOM TO AUTHORISE TRUSTEE TO ACCEPT A GENERAL OFFER ETC	  	14
	44.	 	COMPANY RECONSTRUCTIONS	  	15

  
 2 

					
	45.	 	REINVESTMENT OF CASH DIVIDENDS IN PLAN SHARES	  	16
	46.	 	HOLDING PERIOD FOR DIVIDEND SHARES	  	17
	47.	 	PAYE	  	17
	48.	 	SPECIFIED RETIREMENT AGE	  	18
	PART D: GLOSSARY	  	19
	49.	 	DEFINITIONS	  	19
	50.	 	INTERPRETATION OF THE PLAN	  	23
	PART E: PLAN TRUST DEED	  	25
	1.	 	INTERPRETATION	  	25
	2.	 	PRINCIPAL TRUSTS	  	26
	3.	 	ADDITIONS TO THE TRUST FUND	  	27
	4.	 	PARTNERSHIP SHARE MONIES AND PARTNERSHIP SHARES	  	27
	5.	 	TRUSTEE’S POWERS AND DUTIES RELATING TO THE PLAN	  	28
	6.	 	TRUSTEE’S DEALINGS IN SHARES	  	31
	7.	 	INVESTMENT POWERS	  	32
	8.	 	ADDITIONAL POWERS	  	33
	9.	 	PERPETUITY PERIOD	  	35
	10.	 	TRUSTEE	  	35
	11.	 	REMUNERATION OF THE TRUSTEE	  	36
	12.	 	PERSONAL INTERESTS OF TRUSTEE	  	36
	13.	 	PROTECTION OF THE TRUSTEE	  	37
	14.	 	INFORMATION SUPPLIED BY THE COMPANY	  	37
	15.	 	POWER OF MODIFICATION	  	37
	16.	 	PROPER LAW	  	38

  
 3 

					
	17.	 	EXCLUSIONS FROM BENEFIT	  	38
	18.	 	COUNTERPARTS	  	38
	19.	 	IRREVOCABILITY OF TRUSTS	  	38

  
 4 

 TOTAL PRODUCE PLC 

RULES OF 
 THE TOTAL
PRODUCE SHARE INCENTIVE PLAN 
 PART A: GENERAL 
  

	1.	 PURPOSE OF THE PLAN 

The purpose of the Plan is to provide benefits to employees of Participating Companies in the nature of shares in the Company which give such
employees a continuing stake in the Company. 
  

	2.	 PROVISION OF PARTNERSHIP SHARES 

 

	2.1	 The Plan provides in Part B, for Shares (“Partnership Shares”) to be acquired on
behalf of participating Eligible Employees out of sums deducted from their salary. 

  

	2.2	 The Directors may from time to time determine whether Eligible Employees shall, in a given Tax Year, or in, or
in respect of, a given Financial Year, be offered the opportunity to acquire Shares pursuant to the provisions of Part B (Partnership Shares). 

  

	3.	 HOLDING OF PLAN SHARES 

Part C contains provisions governing the terms on which Dividend Shares may be acquired and on which Partnership Shares and Dividend Shares
shall be held in the Plan. 
  

	4.	 DEFINITIONS AND INTERPRETATION 

Words and expressions used in the Plan shall have the meanings given in the Glossary in Part D. 

 

	5.	 ESTABLISHMENT OF PLAN TRUST 

 

	5.1	 The Company has established a trust which is constituted under the laws of England and Wales for the purposes
of:- 

  

	 	5.1.1	 in the case of Partnership Shares, holding Partnership Share Money and applying it in acquiring shares on
behalf of Eligible Employees in accordance with the Plan; 

  

	 	5.1.2	 in the case of Dividend Shares, acquiring such Shares in accordance with the Plan; and 

 

	 	5.1.3	 holding all such Shares so awarded or acquired in accordance with the Plan. 

 

	6.	 REFERENCES TO THE TRUSTEE TO INCLUDE REFERENCES TO THE ADMINISTRATOR 

References in Parts A to E of this Plan to anything done or to be done by or to the Trustee shall be read and construed as including anything
done or to be done by or to the Administrator pursuant to the powers and duties delegated to the Administrator by the Trustee. 
  

	7.	 ELIGIBILITY TO PARTICIPATE IN THE PLAN 

 

	7.1	 An individual shall not be entitled to have Shares acquired on his or her behalf under Part B, at any time
unless:- 

  

	 	7.1.1	 he or she is then an employee of a Participating Company; 

  
 1 

	 	7.1.2	 if, pursuant to Rules 17, the Directors have specified a Qualifying Period in relation to eligibility on that
occasion, he or she has, at all times during that Qualifying Period, been an employee of a Qualifying Company; 

  

	7.2	 Shares shall not be acquired on behalf of, or awarded to, any person on any day under the Plan if he or she
then has, or has at any time in the period of twelve months preceding that day had, a Material Interest in a Close Company whose shares may be awarded or acquired under the Plan or a company which has control of such a company or is a member of a
consortium which owns such a company. 

  

	8.	 AMENDMENT OF THE PLAN 

 

	8.1	 Before the Plan is approved by HMRC, the Directors may by resolution in writing alter (by amending, deleting or
adding to) any of the terms of the Plan in any respect SAVE THAT no such alteration (other than an alteration which is necessary to secure such approval) shall be made if it would conflict in any material respect with the summary of the
principal terms of the Plan included in Part 6 of the shareholders’ circular sent to shareholders of Fyffes plc in relation to the demerger of the general produce business of Fyffes plc or would, in the opinion of the Directors, materially
prejudice the interests of shareholders. 

  

	8.2	 After the Plan is approved by HMRC, the Directors may so alter any of the terms of Parts A to D of the Plan
PROVIDED THAT:- 

  

	 	8.2.1	 no such alteration to any term of the Plan which is a key feature of the Plan shall take effect without the
prior approval of HMRC; and 

  

	 	8.2.2	 no such alteration shall be made to the advantage of Participants to the provisions of:- 

 

			
	 Rule 7
	    	 eligibility to participate

	 Rule 12
	    	 expiry of directors’ authority to issue shares

	 Rule 13
	    	 overall limit on the issue of shares

	 Rule 41
	    	 voting rights

	 Rule 42
	    	 rights issues

	 Rule 44
	    	 company reconstructions

 and this Rule 8 without the prior approval of shareholders of the Company except for amendments which, in the
opinion of the Directors, are minor amendments to benefit the administration of the Plan, to take account of a change in legislation or to obtain or maintain favourable tax, exchange control or regulatory treatment for Participants or for any member
of the Group. 
  

	8.3	 The terms of the Plan Trust may be amended, deleted or added to in accordance with the terms of the Deed by the
Company executing a deed expressed to be supplemental to the Deed SAVE THAT no such amendment deletion or addition to any key feature of the Plan Trust shall take effect without the prior approval of HMRC. 

 

	8.4	 For the purposes of this Rule 8, an alteration is an alteration to a “key feature” of the Plan or of
the Plan Trust if it relates to a provision that is necessary in order for the Plan to meet the requirements of the Schedule. 

  

	9.	 TERMINATION OF THE PLAN 

 

	9.1	 The Directors may at any time, by giving notice in writing to:- 

 

	 	9.1.1	 HMRC; 

  

	 	9.1.2	 the Trustee; and 

  
 2 

	 	9.1.3	 each Participant 

terminate the operation of the Plan on and with effect from a date specified in such notice which is not earlier than 14 days after the date of
such notice. 
  

	9.2	 Following such termination:- 

 

	 	9.2.1	 no further Partnership Shares shall be acquired by the Trustee on behalf of Participants;

  

	 	9.2.2	 no further Dividend Shares shall be acquired by the Trustee on behalf of any Participant;

  

	 	9.2.3	 the Trustee shall as soon as practicable after such notice is given to the Trustee return to each Participant
(subject to deduction of income tax and NICs under PAYE) all of the Partnership Share Money and any other money held on behalf of such Participant; 

  

	 	9.2.4	 the Trustee shall withdraw from the Plan each Participant’s Plan Shares as soon as is practicable after:-

  

	 	(a)	 the end of the period of 3 months beginning with the date on which notice is given pursuant to Rule 9.1; or

  

	 	(b)	 if later, the first date on which such Participant’s Plan Shares may be removed from the Plan without
giving rise to a charge to income tax under Chapter 6 of Part 7 of ITEPA on the part of such Participant; 

  

	 	9.2.5	 the Trustee may, if the Participant so directs, withdraw from the Plan any of a Participant’s Plan Shares
at any time before the end of the relevant period mentioned in Rule 9.2.4 above SAVE THAT the Trustee shall disregard any such direction given before the date on which notice is given to such Participant pursuant to Rule 9.1; and

  

	 	9.2.6	 Shares which remain held in the Plan pending their withdrawal from the Plan by virtue of Rules 9.2.4 and 9.2.5
above shall continue to be so held by the Trustee subject to the provisions of Part C of the Plan. 

  

	 	9.2.7	 Whenever a Participant’s Plan Shares are withdrawn from the Plan pursuant to Rules 9.2.4 and 9.2.5, the
Trustee shall, subject to the provisions of Rule 47 (PAYE):- 

  

	 	9.2.8	 transfer such Shares to the Participant or to such other person as the Participant may direct; or

  

	 	9.2.9	 dispose of the Shares and account (or hold itself ready to account) for the proceeds to the Participant or to
such other person as the Participant has specified. 

  

	9.3	 Unless the Participant otherwise agrees, a disposal of Shares as mentioned in Rule 9.2.9 shall be for the best
consideration which the Trustee is able to obtain at the time of such disposal. 

  

	9.4	 References in this Rule 9 to a disposal of Shares shall be construed as including references to a purchase of
the beneficial interest in such Shares by the Trustee. 

  

	9.5	 If a Participant has died, references in Rule 9.2.7 to the Participant shall be read as references to his or
her Personal Representatives. 

  

	10.	 ERRORS AND OMISSIONS 

 

	10.1	 If in consequence of an error or omission:- 

 

	 	10.1.1	 an Eligible Employee has not been given the opportunity to participate in the Plan on any occasion; or

  

	 	10.1.2	 the number of Shares appropriated to any Eligible Employee on any occasion is found to be incorrect;

  
 3 

	 	
and such error or omission cannot be corrected within the relevant period specified in the Plan, the Company and the Trustee may do all such acts and things as may be agreed with HMRC to rectify
such error or omission notwithstanding that such actions may not otherwise be in accordance with the rules of the Plan. 

  

	11.	 RELATIONSHIP WITH CONTRACT OF EMPLOYMENT 

 

	11.1	 The opportunity given to any person to participate in the Plan shall form part of such person’s
entitlement to remuneration or benefits pursuant to his or her contract of employment. Except as otherwise expressly provided in the Plan, the existence of a contract of employment between any person and any member or former member of the Group or
any Associated Company shall not give such person any right or entitlement to participate in the Plan in any manner or any expectation that Shares might be awarded to such person or at all. 

 

	11.2	 The rights, entitlements and obligations under the terms of any contract of employment between any person and
any member or former member of the Group or any Associated Company shall not be affected by such person’s participation in the Plan. 

  

	11.3	 Participation in the Plan shall not afford any person any rights or additional rights to compensation or
damages in consequence of the loss or termination of such person’s employment with any member or former member of the Group or any Associated Company for any reason whatsoever (whether or not such termination is ultimately held to be wrongful
or unfair). 

  

	11.4	 No person shall be entitled to any compensation or damages for any loss or potential loss which he or she may
suffer by reason of being unable to participate (or continue to participate) in the Plan in consequence of the loss or termination of any such employment for any reason whatsoever (whether or not such termination is ultimately held to be wrongful or
unfair). 

  

	12.	 TERM OF THE DIRECTORS’ AUTHORITY TO ISSUE SHARES 

The authority of the Directors to issue Shares for the purposes of the Plan expires on 4 December 2016. 

 

	13.	 OVERALL LIMIT ON THE ISSUE OF SHARES 

 

	13.1	 The number of Shares which may on any day be issued, or in respect of which the Trustee may for the purposes of
the Plan be granted rights to subscribe for Shares, when added to the number of Shares which have been so issued or in respect of which rights to subscribe for Shares have been granted (and, if not exercised, have not ceased to be exercisable) for
the purposes of the Plan or pursuant to any other employees’ share scheme in the period of ten years ending on that day, shall not exceed 10 per cent of the ordinary share capital of the Company in issue on that day. 

 

	13.2	 When applying the limit in rule 13.1, there shall be disregarded any Shares acquired or committed for issue
under any broadly based employee share scheme insofar as this is permitted by the March 1999 Corporate Governance, Share Option and Other Incentive Scheme Guidelines of the Irish Association of Investment Managers. 

 

	14.	 PROPER LAW 

The Plan shall be subject to the laws of England and Wales and the Company and the Trustee and all Participants shall submit to the exclusive
jurisdiction of the Courts of England and Wales in relation to any matter concerning the Plan or the rights or entitlement of any person under the Plan. 

  
 4 

 PART B: PARTNERSHIP SHARES 

 

	15.	 ISSUE OF INVITATIONS TO ENTER INTO A PARTNERSHIP SHARE AGREEMENT 

 

	15.1	 The Company may from time to time invite every Plan Employee to enter into an agreement with the Company
(“a Partnership Share Agreement”) under which:- 

  

	 	15.1.1	 such Employee agrees to one or more deductions being made from his or her Salary (before deduction of income
tax and NICs under PAYE) for the acquisition of Shares on his or her behalf to be held in the Plan (“Partnership Shares”); and 

  

	 	15.1.2	 the Company undertakes to arrange for Partnership Shares to be acquired by the Trustee on behalf of such person
in accordance with the Plan. 

  

	15.2	 If the terms of such Partnership Share Agreement (as is mentioned in Rule 15.1) do not differ materially from
the terms of any subsisting Partnership Share Agreement, then no such invitation need be issued to any Plan Employee who is already party to such a subsisting Partnership Share Agreement. 

 

	15.3	 If the terms of such Partnership Share Agreement (as is mentioned in Rule 15.1) differ in any material respect
from the terms of any subsisting Partnership Share Agreement, then the Company shall on that occasion invite each of those Plan Employees who is already party to a subsisting Partnership Share Agreement either:- 

 

	 	15.3.1	 to give notice of withdrawal from such subsisting Partnership Share Agreement (as mentioned in Rule 31) and
enter into a fresh Partnership Share Agreement; or 

  

	 	15.3.2	 if the difference relates only to an increase in the maximum amount of deductions from salary specified by the
Directors (as mentioned in Rule 19), to vary the amount of the deductions authorised to be made under such subsisting Partnership Share Agreement (as mentioned in Rule 20). 

 

	16.	 ENTRY INTO A PARTNERSHIP SHARE AGREEMENT 

Those Plan Employees who wish to enter into a Partnership Share Agreement in response to such an invitation shall, within the period of 14 days
after such notice is given, or such further period as the Company may allow, complete and return to the Company (or such other person as the Company may direct) in such form as the Company may specify (which may be in writing or electronic form) a
Partnership Share Agreement. 
  

	17.	 QUALIFYING PERIOD OF EMPLOYMENT 

 

	17.1	 The Directors may determine that a Plan Employee shall be eligible to have Shares acquired by the Trustee on
his or her behalf on any occasion only if he or she has, throughout such period as the Directors shall specify, held continuous employment with a Qualifying Company. 

 

	17.2	 Any such Qualifying Period shall:- 

 

	 	17.2.1	 if a Participant’s deductions from Salary are to be accumulated as mentioned in Rule 25.4, be a period of
not more than 6 months ending with the start of the Accumulation Period; 

  

	 	17.2.2	 if not, be a period of not more than 18 months ending on the day on which the deduction is made from the
Participant’s Salary; and 

  

	 	17.2.3	 be the same for all Employees in relation to acquisitions of Shares on the same occasion.

  
 5 

	18.	 AUTHORITY TO MAKE DEDUCTIONS FROM SALARY 

 

	18.1	 A Partnership Share Agreement shall specify:- 

 

	 	18.1.1	 the amount (or percentage of the amount of Salary from which such deduction is made) which the Plan Employee
authorises to be deducted from his or her Salary each month/week; and 

  

	 	18.1.2	 at what intervals such deductions shall be made. 

 

	19.	 INDIVIDUAL LIMIT ON DEDUCTIONS FROM SALARY 

 

	19.1	 The amount deducted from a Participant’s Salary in any Tax Year shall not exceed:- 

 

	 	19.1.1	 10 per cent of the Participant’s Salary for the Tax Year or, if such deductions are to be accumulated
within successive Accumulation Periods, 10 per cent of the total of the Participant’s Salary paid during the Accumulation Period; and 

  

	 	19.1.2	 £1,500. 

  

	19.2	 Any amount deducted in excess of that allowed by Rule 19.1 shall be paid over to the Plan Employee, subject to
deduction of income tax and NICs under PAYE as soon as is practicable. 

  

	19.3	 The minimum amount to be deducted in pursuance of a Partnership Share Agreement on any occasion shall:-

  

	 	19.3.1	 be determined by the Directors and specified in the Partnership Share Agreement; 

 

	 	19.3.2	 be not greater than £10; and 

 

	 	19.3.3	 be the same in relation to all Partnership Share Agreements entered into in response to invitations issued on
the same occasion. 

  

	20.	 VARIATION BY PARTICIPANTS OF AMOUNTS DEDUCTED 

An Eligible Employee may only be a party to one Partnership Share Agreement authorising one or more deductions from Salary in any given month
but the Directors may from time to time, and subject to Rule 19.1, invite all Participants to vary the amount of the deductions authorised to be made. 
  

	21.	 TERM OF A PARTNERSHIP SHARE AGREEMENT 

The authority to make deductions from Salary granted by a Participant pursuant to a Partnership Share Agreement shall lapse upon the occurrence
of any of the events specified in Rule 25.6 or, if earlier, upon the effective date of a Participant’s withdrawal from a Partnership Share Agreement as mentioned in Rule 31. 

 

	22.	 NOTICE OF EFFECT OF DEDUCTIONS ON BENEFITS AND TAX CREDITS 

Every Partnership Share Agreement shall contain a notice under paragraph 48 of the Schedule containing information prescribed by regulations
made by HMRC as to the possible effect of deductions on an Employee’s entitlement to social security benefits and tax credits. 
  

	23.	 NOTICE TO STOP DEDUCTIONS 

 

	23.1	 A Participant may at any time give notice in writing to the Company directing the Company to procure that
deductions being made from his or her Salary pursuant to a Partnership Share Agreement are stopped. 

  

	23.2	 If a Participant has given a notice pursuant to Rule 23.1, he or she may (on one occasion only in any
Accumulation Period) subsequently give notice in writing to the Company directing the Company to procure that deductions are again made pursuant to that Partnership Share Agreement. 

 

	23.3	 Unless a Participant specifies a later date in any such notice, the Company shall procure that:-

  
 6 

	 	23.3.1	 within 30 days of receiving a notice given pursuant to Rule 23.1, no further deductions are so made; or

  

	 	23.3.2	 if a notice is given pursuant to Rule 23.2, the first deduction made thereafter shall be made not later than
the date on which the first deduction is due to be made under the relevant Partnership Share Agreement more than 30 days after receipt of such notice. 

  

	23.4	 A Participant may not make up any deduction that has been missed in consequence of having given any such
notice. 

  

	24.	 PARTNERSHIP SHARE MONEY TO BE HELD BY THE TRUSTEE 

 

	24.1	 Partnership Share Money shall be paid to the Trustee as soon as is practicable after it is deducted from a
Participant’s Salary. 

  

	24.2	 The Trustee shall hold such monies on behalf of, and on trust for the benefit of, such Participant and shall
apply such monies in acquiring Partnership Shares on the Participant’s behalf. 

  

	24.3	 A Participant’s Partnership Share Money shall be deposited by the Trustee in an account with a Bank.

  

	24.4	 If such account pays interest the Trustee shall account for such interest to the Participant.

  

	24.5	 Participants’ Partnership Share Monies shall either:- 

 

	 	24.5.1	 be applied by the Trustee in acquiring Shares on behalf of each Participant on the date set by the Trustee
(which shall be the same date in relation to all Participants) being a date within 30 days after each deduction is made; or 

  

	 	24.5.2	 be accumulated by the Trustee within each successive Accumulation Period (as mentioned in Rule 25) and be
applied in acquiring Shares on behalf of each Participant on the date set by the Trustee (which shall be the same date in relation to all Participants), being a date within 30 days after the end of the relevant Accumulation Period.

  

	25.	 ACCUMULATION PERIODS 

 

	25.1	 The first Accumulation Period shall begin on the date on which the first deductions from Salary are made and
successive Accumulation Periods shall each begin on the date on which the first deductions from Salary are made after the end of the last Accumulation Period. 

 

	25.2	 Accumulation Periods relating to deductions from Salaries made pursuant to all Partnership Share Agreements
entered into in response to invitations issued on the same occasion shall be of the same length. 

  

	25.3	 Subject to Rule 25.2, successive Accumulation Periods may vary in length but no Accumulation Period shall
exceed 12 months. 

  

	25.4	 A Participant’s Partnership Share Money first deducted within a given Accumulation Period shall be
accumulated by the Trustee with all other amounts of that Participant’s Partnership Share Money deducted from Salary within that Accumulation Period. 

  

	25.5	 If, after the end of an Accumulation Period, the Shares which would otherwise be acquired on behalf of
Participants in accordance with Rule 24.5.2 would not then satisfy the requirements of Part 4 of the Schedule the Trustee shall, as soon as practicable, return to each Participant (subject to deduction of income tax and NICs under PAYE) all of
the Partnership Share Money held on behalf of such Participant. 

  

	25.6	 All subsisting Accumulation Periods shall immediately come to an end (and, except as provided by Rule 34.2, no
new Accumulation Period shall thereafter begin):- 

  
 7 

	 	25.6.1	 with effect from the date specified in a notice to terminate the operation of the Plan given in accordance with
Rule 9.1; 

  

	 	25.6.2	 if notice is given to shareholders of the Company of a resolution being proposed for the voluntary winding-up of the Company; 

  

	 	25.6.3	 upon the commencement of a winding-up of the Company;

  

	 	25.6.4	 if a general offer is made to acquire the whole of the issued ordinary share capital of the Company which is
made on a condition such that if it is satisfied the person making the offer will have control of the Company; 

  

	 	25.6.5	 if a general offer is made to acquire all the shares in the Company of the same class as the Shares;

  

	 	25.6.6	 if any person becomes entitled or bound to acquire shares in the Company under section 204 of the Irish
Companies Act 1963; 

  

	 	25.6.7	 if the Court sanctions a compromise or arrangement proposed for the purposes of or in connection with a scheme
for the reconstruction of the Company or its amalgamation pursuant to section 201 of the Irish Companies Act 1963; or 

  

	 	25.6.8	 with effect from the date on which the Directors specify in a notice in writing given to all Participants
pursuant to Rule 34.1. 

  

	25.7	 If an Accumulation Period comes to an end pursuant to Rule 25.6, and if the Partnership Share Agreement so
provides, the Trustee shall, as soon as practicable, pay to each Participant, subject to deduction of income tax and NICs under PAYE, the amount of that Participant’s Partnership Share Money deducted from salary in that Accumulation Period.

  

	26.	 FURTHER REQUIREMENT OF ELIGIBILITY 

 

	26.1	 The Trustee shall not at any time acquire Shares on behalf of any person under this Part B who does not then
meet the requirements of Rule 7. 

  

	26.2	 An individual shall be entitled to have Shares acquired on his behalf pursuant to this Part B in any Tax Year,
if in that Tax Year he has had shares awarded to him or acquired on his behalf (or would have had shares awarded to him but for his failure to meet any performance target set in relation to such award) under any connected Approved Share Incentive
Plan PROVIDED THAT:- 

  

	 	26.2.1	 an individual shall not be entitled to participate simultaneously in connected Approved Share Incentive Plans;
and 

  

	 	26.2.2	 the limit on a Participant’s contributions towards the purchase of Partnership Shares referred to in Rule
19.1 shall apply as if the Plan and the other Approved Share Incentive Plan(s) in which the individual participates in the same Tax Year were one plan. 

  

	26.3	 For purposes of Rule 26.2 an Approved Share Incentive Plan is a “connected Approved Share Incentive
Plan” if it is established by the Company or a Connected Company. 

  

	27.	 ACQUISITION OF PARTNERSHIP SHARES 

 

	27.1	 Subject to Rule 27.2, the Trustee shall apply Participants’ Partnership Share Money in acquiring Shares on
the Acquisition Date and shall do so at a price per Share equal to the Market Value of a Share on that date. 

  

	27.2	 If a Participant’s deductions from Salary are to be accumulated as mentioned in Rule 25.4, the Trustee
shall on each occasion on which a Participant’s Partnership Share Money is applied in acquiring Shares, do so at a price per Share which is equal to the lesser of:- 

 

	 	27.2.1	 the Market Value of a Share on the first day of the relevant Accumulation Period; and 

  
 8 

	 	27.2.2	 the Market Value of a Share on the Acquisition Date. 

 

	27.3	 If the application of Rules 27.1 and 27.2 would result in the acquisition of a fraction of a Share, the number
of Shares actually acquired on that occasion shall be rounded down to a whole number. 

  

	27.4	 For the purpose of this Rule 28, the Trustee shall;- 

 

	 	27.4.1	 have discretion as to whether it acquires Shares by;- 

 

	 	(a)	 purchase in the market (whether on the Alternative Investment Market, the Irish Investment Exchange or any
other market on which Shares may be purchased, from time to time); 

  

	 	(b)	 subscription; or 

  

	 	(c)	 acquisition by purchase from the Trust Fund; and 

 

	 	27.4.2	 if appropriate, convert Participants’ Partnership Share Money from sterling into euro at the Currency
Conversion Rate. 

  

	27.5	 For the avoidance of doubt, the Trustee shall not be liable for any disadvantage suffered by any Participant as
a result of changes to:- 

  

	 	27.5.1	 the Conversion Rate; or 

 

	 	27.5.2	 the market value of Shares 

in the period between the Trustee’s receipt of a Participant’s Partnership Share Money and its acquisition of Partnership Shares, on
behalf of the relevant Participant, with the Participant’s Partnership Share Money. 
  

	28.	 SCALING BACK OF PARTNERSHIP SHARES 

 

	28.1	 The Directors may determine that the number of Shares which the Trustee acquires on behalf of a Participant on
any occasion shall be restricted to such maximum number as the Directors shall notify to the Participant:- 

  

	 	28.1.1	 before the deduction from Salary is made; or 

 

	 	28.1.2	 if such deductions from Salary are to be accumulated as mentioned in Rule 25.4, before the beginning of the
relevant Accumulation Period. 

  

	28.2	 If on any occasion the number of Shares which could otherwise be acquired with a Participant’s Partnership
Share Money is greater than such maximum number, then the number of Shares which the Trustee acquires on behalf of each Participant shall be proportionately reduced. 

 

	28.3	 All Partnership Share Agreements shall contain an undertaking by the Company to notify Employees of any
restrictions on the number of Shares which may be acquired on behalf of Participants on any occasion. 

  

	29.	 CARRY-FORWARD OF SURPLUS PARTNERSHIP SHARE MONEY 

If, after Partnership Share Money has been applied in the acquisition of Shares on any occasion, there remains a surplus of unused cash, such
surplus may, if the Participant has so agreed in the Partnership Share Agreement, be retained by the Trustee and added to the Partnership Share Money which is so applied on the next occasion on which Shares are acquired on behalf of the Participant
but shall otherwise be returned to the Participant (subject to deduction of income tax and NICs under PAYE). 

  
 9 

	30.	 NOTIFICATION OF ACQUISITION OF PARTNERSHIP SHARES 

 

	30.1	 As soon as practicable after any Partnership Shares have been acquired on behalf of a Participant, the Trustee
shall notify the Participant of:- 

  

	 	30.1.1	 the number of Shares so acquired; 

 

	 	30.1.2	 the description of such Shares; 

 

	 	30.1.3	 the amount of Partnership Share Money applied by the Trustee in acquiring such Shares; 

 

	 	30.1.4	 their Market Value on the date on which they were so acquired; and 

 

	 	30.1.5	 the amount of any surplus Partnership Share Money carried forward. 

 

	31.	 WITHDRAWAL FROM A PARTNERSHIP SHARE AGREEMENT 

 

	31.1	 A Participant may withdraw from a Partnership Share Agreement by giving notice in writing to the Company at any
time and, unless the Participant specifies a later date in such notice, the Company shall procure that such withdrawal takes effect within 30 days of when such notice is received by the Company. 

 

	31.2	 The Company may direct that, to be effective, any such notice must be given to such person (as agent for the
Company) in such form as the Company shall specify. 

  

	31.3	 If a Participant withdraws from a Partnership Share Agreement with effect from any date, the Company shall
procure that any Partnership Share Money which by that date has not been applied in the acquisition of Shares is paid to the Participant (subject to deduction of income tax and NICs under PAYE) as soon as is practicable after that date.

  

	32.	 RETURN OF PARTNERSHIP SHARE MONEY UPON WITHDRAWAL OF HMRC APPROVAL 

If HMRC approval of the Plan is withdrawn, the Company shall as soon as practicable provide the Trustee with a copy of the notice of such
withdrawal served on the Company and the Trustee shall as soon as practicable thereafter pay to a Participant (subject to deduction of income tax and NICs under PAYE) any Partnership Share Money then held on his or her behalf. 

 

	33.	 FORM OF PARTNERSHIP SHARE AGREEMENT 

Partnership Share Agreements shall be such form as may be determined by the Directors from time to time and approved in advance by HMRC. 

 

	34.	 SUSPENSION OF DEDUCTIONS FROM SALARY 

 

	34.1	 The Directors may give notice to all Participants that, on and with effect from a date specified in the notice
(being a date which is not earlier than the date on which such notice is given), no further deductions from Salary shall be made for the purposes of enabling Participants to acquire Partnership Shares and all existing Accumulation Periods shall come
to an end SAVE THAT:- 

  

	 	34.1.1	 such notice shall only be given if an event or events have occurred which cause the Directors acting fairly and
reasonably to consider that such suspension is appropriate; 

  

	 	34.1.2	 the notice shall specify the event or events which has or have caused the Directors to give such notice; and

  

	 	34.1.3	 no such notice shall have the effect of avoiding the obligation of the Company to apply a Participant’s
Partnership Share Money deducted from Salary before the date on which such notice has effect in acquiring Shares as mentioned in Rule 27.1. 

  

	34.2	 If notice to suspend the operation of the Plan is given to all Participants as mentioned in Rule 34.1, then the
Directors may at any time thereafter give notice to all Participants that on and with effect 

  
 10 

	 	
from a date specified in such notice (being a date which is not earlier than the date on which such notice is given) deductions from Salary will be resumed in accordance with each
Participant’s Partnership Share Agreement. 

  

	34.3	 If deductions from Salary are resumed as mentioned in Rule 34.2 then, if a Participant’s deductions from
Salary are to be accumulated, a fresh Accumulation Period shall begin with the date on which the first deductions from Salary are then made. 

! 

  
 11 

 PART C: PROVISIONS RELATING TO THE HOLDING OF PLAN SHARES 

 

	35.	 HOLDING OF PLAN SHARES 

 

	35.1	 For so long as a Participant is in Relevant Employment, he or she may, subject to Rule 9 allow his or her Plan
Shares to remain held in the Plan. 

  

	35.2	 All Plan Shares shall be registered in the name of the Trustee or a nominee of the Trustee.

  

	35.3	 Except as otherwise expressly provided by the rules of the Plan, the terms of a Partnership Share Agreement or
as required or permitted by the provisions of the Schedule, Plan Shares of the same class shall not receive different treatment in any respect from the other Shares of that class. 

 

	35.4	 The requirement of Rule 35.3 shall not be infringed by reason only that Shares which are newly issued receive,
in respect of dividends payable with respect to a period beginning before the date on which they were issued, treatment less favourable than that accorded to Shares issued before that date. 

 

	35.5	 Subject to Rule 45, cash dividends paid to the Trustee in respect of a Participant’s Plan Shares shall be
paid to the Participant as soon as is practicable and, when making such payment, the Trustee shall deliver to each such Participant an “appropriate statement” within the meaning of section 234A of the Taxes Act. 

 

	36.	 VOLUNTARY WITHDRAWAL OF SHARES FROM THE PLAN 

 

	36.1	 Except as provided by the terms of a Partnership Share Agreement, a Participant may at any time withdraw any or
all of his or her Plan Shares from the Plan by:- 

  

	 	36.1.1	 directing the Trustee in writing to transfer any or all of his or her Plan Shares to such Participant or to
such other person as the Participant specifies; 

  

	 	36.1.2	 assigning, charging or otherwise disposing of his or her beneficial interest in any of the Participant’s
Plan Shares; or 

  

	 	36.1.3	 directing the Trustee to dispose of any or all of the Participant’s Plan Shares and account (or hold
itself ready to account) for the proceeds to the Participant or to another person. 

  

	37.	 AUTOMATIC WITHDRAWAL OF PLAN SHARES UPON CEASING TO BE IN RELEVANT EMPLOYMENT 

If a Participant ceases to be in Relevant Employment then his or her Plan Shares shall thereupon automatically be withdrawn from the Plan. 

 

	38.	 CONSEQUENCES OF WITHDRAWAL OF SHARES FROM THE PLAN 

 

	38.1	 The provisions of this Rule 38 are subject to the provisions of Rule 47. 

 

	38.2	 Whenever a Participant’s Plan Shares are voluntarily or automatically withdrawn from the Plan pursuant to
Rules 36 or 37:- 

  

	 	38.2.1	 the Trustee shall immediately cease to hold such Shares in the Plan and, if and for so long as the Trustee (or
its nominee) then retains any title to or interest in such Shares, the Trustee (or its nominee) shall, subject to Rule 38.2.2, hold such title or interest on bare trust for the Participant otherwise than in the Plan; 

 

	 	38.2.2	 if the Participant has so directed the Trustee in writing before the Shares cease to be held in the Plan, the
Trustee shall as soon as is practicable:- 

  

	 	(a)	 transfer the Shares to the Participant or to such other person as the Participant has specified; or

  
 12 

	 	(b)	 dispose of the Shares and account (or hold itself ready to account) for the proceeds to the Participant or to
such other person as the Participant has specified; and 

  

	 	38.2.3	 if no such direction has been given, the Trustee shall as soon as is practicable dispose of the Shares and
account (or hold itself ready to account) for the proceeds to the Participant or to such other person as the Participant has specified. 

  

	38.3	 Unless the Participant otherwise agrees, a disposal of Shares as mentioned in 36.1.3, 38.2.2(b) and 38.2.3
shall be for the best consideration which the Trustee is able to obtain at the time of such disposal. 

  

	38.4	 References in this Rule 38 to a disposal of Shares shall be construed as including references to a purchase by
the Trustee of the beneficial interest in such Shares. 

  

	38.5	 If a Participant has died, references in Rule 38.2 to the Participant shall be read as references to his or her
Personal Representatives. 

  

	39.	 NO LIABILITY FOR LOSS OCCASIONED BY DELAY 

In giving effect to any such direction as mentioned in Rules 36.1 and 38.2.2 neither the Trustee nor the Company shall be liable to the
Participant (or any other person) for any loss occasioned by delay on the part of the Company or the Trustee in giving effect to such direction or procuring a sale or transfer of any of a Participant’s Plan Shares (whether or not such delay is
occasioned by the Company’s obligations to comply with the requirements of the Irish Stock Exchange or otherwise). 
  

	40.	 PROVISIONS OF SHAREHOLDERS’ INFORMATION TO PARTICIPANTS 

The Company shall procure that copies of any or all such notices, circulars and other documents (except for proxy forms) sent to the holders of
ordinary shares in the Company shall be sent to all Participants who have Shares held in the Plan. 
  

	41.	 VOTING RIGHTS ATTACHING TO PLAN SHARES 

 

	41.1	 In relation to any matter on which the Trustee has a right or opportunity as a member of the Company to vote or
to exercise any other rights, the Trustee may, but shall not be obliged to, seek irrevocable directions from each Participant as to the manner in which the Trustee should exercise such rights in respect of a Participant’s Plan Shares.

  

	41.2	 The Trustee shall comply with such directions and if, before such time as may be specified in writing by the
Trustee, the Trustee does not receive directions in respect of the exercise of voting or other rights attaching to any Plan Shares, then, except as otherwise provided in Rule 41.3 the Trustee shall refrain from exercising any such rights.

  

	41.3	 The Trustee shall not be entitled to vote on a show of hands on a particular resolution in respect of Plan
Shares held on behalf of Participants unless all directions received from those Participants who have given directions in respect of that resolution are identical. 

 

	41.4	 The Trustee shall not be under any obligation to call for a poll, and in the event of any poll the Trustee
shall in relation to Plan Shares vote only in accordance with the directions of Participants. 

  

	42.	 RIGHTS ISSUES 

 

	42.1	 If the Company makes an offer or invitation conferring any rights upon its members to acquire against payment
additional securities in the Company, the Trustee shall allocate such rights or securities amongst the Participants concerned in direct proportion to the number of Plan Shares respectively held by the Trustee on behalf of each Participant and, if
such allocation shall give rise to a fraction of a security or a transferable unit the Trustee shall round down to the next whole unit and shall aggregate the fractions not so allocated and use best endeavours to sell any rights or units which are
not so allocated and distribute the net proceeds of sale (after deducting any 

  
 13 

	 	expenses of sale and any taxation which may be payable) proportionately amongst the Participants whose allocation was rounded down, provided that any sum of less than £3 otherwise distributable to a particular
Participant may be retained by the Trustee. 

  

	42.2	 If the Company makes an offer or invitation conferring any rights upon its members to acquire against payment
additional shares, securities or rights of any description in the Company the Trustee shall comply with any direction from a Participant concerning the exercise or sale of any rights attributable to the Participant’s Plan Shares PROVIDED
THAT the Trustee shall not be required to exercise any such rights except to the extent that they have been provided with the full amount payable (if any) on such exercise either by the Participant concerned or, with his authority, out of the
net proceeds of the sale, nil paid, of another part of the rights attributable to that Participant’s Plan Shares. 

  

	42.3	 If no such direction as is mentioned in Rule 42.2 is received at least 7 business days before the last day on
which such rights may be exercised, the Trustee shall take no action in relation to such rights. 

  

	42.4	 If a Participant so directs the Trustee at least 7 business days before the last day on which such rights may
be exercised, the Trustee shall exercise a proportion of such rights by selling sufficient of the rights, nil paid, so that out of the net proceeds of sale, the balance of the rights may be exercised. 

 

	42.5	 Shares acquired by the Trustee on behalf of a Participant upon the exercise of such rights as are mentioned in
Rule 42.2 and which are conferred in respect of all Shares and are acquired in the manner mentioned in Rule 42.4 shall, for the purposes of this Part C, be held by the Trustee as Plan Shares and be deemed to have been awarded to, or acquired by the
Trustee on behalf of, the Participant in the same way and at the same time as were the Participant’s Plan Shares in respect of which such rights were conferred. 

 

	42.6	 Subject to Rule 42.5, any shares or other securities acquired by the Trustee on behalf of a Participant in any
of the circumstances mentioned in Rules 42.1 or 42.2 (otherwise than any new securities allotted by the Company by way of capitalisation issue to the Trustee in respect of a Participant’s Plan Shares) shall not be held in the Plan and shall not
form part of that Participant’s Plan Shares, but shall be held by the Trustee as bare trustee for the Participant subject to the provisions of Rule 38.2.2 and 38.2.3. 

 

	43.	 HOLDING PERIOD: FREEDOM TO AUTHORISE TRUSTEE TO ACCEPT A GENERAL OFFER ETC 

 

	43.1	 A Participant may during the Holding Period direct the Trustee to:- 

 

	 	43.1.1	 accept an offer for any of his Dividend Shares (referred to in this Rule 43.1 as the “Original
Shares”) if the acceptance or agreement will result in a new holding being equated with the original shares for the purposes of capital gains tax; 

 

	 	43.1.2	 accept an offer of a Qualifying Corporate Bond (whether alone or with other assets or cash or both) for his
Dividend Shares if the offer forms part of such a general offer as is mentioned in Rule 43.1.3 below; 

  

	 	43.1.3	 accept an offer of cash, with or without other assets, for his Dividend Shares if the offer forms part of a
general offer which is made to holders of shares of the same class as his or of shares in the same company and which is made in the first instance on a condition such that if it is satisfied the person making the offer will have control of that
company, within the meaning of section 416 of the Taxes Act; or 

  

	 	43.1.4	 agree to a transaction affecting his Dividend Shares or such of them as are of a particular class, if the
transaction would be entered into pursuant to a compromise, arrangement or scheme applicable to or affecting:- 

  

	 	(a)	 all of the ordinary share capital of the Company or, as the case may be, all the shares of the class in
question; or 

  
 14 

	 	(b)    	 all the shares, or all the shares of the class in question, which are held by a class of shareholders
identified otherwise than by reference to their employment or their participation in an Approved Share Incentive Plan. 

  

	44.	 COMPANY RECONSTRUCTIONS 

 

	44.1	 The following provisions of this Rule 44 apply if there occurs, in relation to any of a Participant’s Plan
Shares (referred to in this Rule 44 as the “Original Holding”) a transaction:- 

  

	 	44.1.1	 which results in a new holding (referred to in this Rule 44 as the “New Holding”)
being equated with the Original Holding for the purposes of capital gains tax; or 

  

	 	44.1.2	 that would have that result but for the fact that what would be the new holding consists of or includes a
Qualifying Corporate Bond 

 for the purposes of identifying the shares which, after the time of the Company
Reconstruction, comprise a Participant’s shares held in the Plan and identifying the beginning of any Holding Period or other period throughout which such shares are at risk of forfeiture. Such a transaction is referred to in this Rule 44 as a
“Company Reconstruction”. 
  

	44.2	 If an issue of shares of any of the following descriptions (in respect of which a charge to income tax arises)
is made as part of a Company Reconstruction, such shares shall be treated for the purposes of this Rule 44 as not forming part of the New Holding:- 

  

	 	44.2.1	 redeemable shares or securities issued as mentioned in section 209(2)(c) of the Taxes Act;

  

	 	44.2.2	 share capital issued in circumstances such that section 210(1) of the Taxes Act applies; or

  

	 	44.2.3	 share capital to which section 249 of the Taxes Act applies. 

 

	44.3	 In this Rule 44:- 

“Corresponding Shares”, in relation to any New Shares, means the shares in respect of which the New Shares are
issued or which the New Shares otherwise represent; and 
 “New Shares” means shares comprised in the New Holding which were
issued in respect of, or otherwise represent, shares comprised in the Original Holding. 
  

	44.4	 Subject to the following provisions of this Rule 44, references in this Plan to a Participant’s Plan
Shares or, as the case may be, a Participant’s Dividend Shares shall be respectively construed, after the time of the Company Reconstruction, as being or, as the case may be, as including references to any New Shares. 

 

	44.5	 For the purposes of this Plan:- 

 

	 	44.5.1	 a Company Reconstruction shall be treated as not involving a disposal of shares comprised in the Original
Holding; and 

  

	 	44.5.2	 the date on which any New Shares are to be treated as having been awarded to or acquired on behalf of the
Participant shall be that on which the Corresponding Shares were so awarded or acquired. 

  

	44.6	 In the context of a New Holding, any reference in this Rule 44 to shares includes securities and rights of any
description which form part of the new holding for the purposes of Chapter II of Part IV of the Taxation of Chargeable Gains Act 1992. 

  
 15 

	45.	 REINVESTMENT OF CASH DIVIDENDS IN PLAN SHARES 

 

	45.1	 The Directors may at any time determine and notify all Participants that, with effect from such date as they
shall specify:- 

  

	 	45.1.1	 cash dividends paid to the Trustee in respect of every Participant’s Plan Shares shall, subject to Rule
45.4, be applied by the Trustee in acquiring further Shares on behalf of each such Participant; 

  

	 	45.1.2	 if a Participant so elects in writing, cash dividends paid to the Trustee more than 30 days (or such shorter
period as the Trustee may specify) after the Trustee has received such request shall, subject to Rule 45.4, be applied by the Trustee in acquiring further Plan Shares on behalf of each such Participant on the date set by the Trustee (which shall be
the same date in relation to all Participants) being a date within 30 days after the dividends are received by the Trustee; or 

  

	 	45.1.3	 (whether or not any Participant has made such an election), all cash dividends paid to the Trustee in respect
of every Participant’s Plan Shares shall, with effect from 30 days (or such shorter period as the Trustee may specify) after the date of such notice, be paid by the Trustee to each such Participant in cash. 

 

	45.2	 A Participant who has made an election as mentioned in Rule 45.1.2 above may at any time thereafter give notice
in writing to the Trustee revoking that election and the Trustee shall give effect to such revocation (so that all cash dividends paid to the Trustee in respect of that Participant’s Plan Shares shall thereafter be paid by the Trustee to the
Participant in cash) as soon as practicable after such notice has been received. 

  

	45.3	 Any such election as mentioned in Rule 45.1.2, and any such notice of revocation as mentioned in Rule 45.2,
shall relate to all, and not some only, of a Participant’s Plan Shares. 

  

	45.4	 The amount which may be so applied by the Trustee in acquiring Shares on behalf of a Participant in any Tax
Year, when added to the amount of any cash dividends applied by the trustee of any other Approved Share Incentive Plan established by the Company or an Associated Company in acquiring shares on behalf of such Participant in that Tax Year, shall not
exceed £1,500 or such other sum as may from time to time be specified in the Schedule. 

  

	45.5	 The Shares which are so acquired on behalf of a Participant using cash dividends paid to the Trustee in respect
of a Participant’s Plan Shares:- 

  

	 	45.5.1	 shall be Shares of the same class and carry the same rights as the Shares in respect of which the dividend is
paid; and 

  

	 	45.5.2	 shall be held by the Trustee on behalf of the Participant upon and subject to the provisions of this Part C of
the Plan. 

  

	45.6	 The number of Shares so acquired on behalf of each Participant shall be a whole number determined by dividing
the amount to be so applied (plus any amount brought forward as mentioned in Rule 45.7) by the Market Value of a Share on the Acquisition Date. 

  

	45.7	 Any cash balance remaining shall be retained and carried forward by the Trustee and added to the amount so
applied on the next occasion SAVE THAT:- 

  

	 	45.7.1	 any amount of cash dividend so carried forward shall be separately identified by the Trustee; and

  

	 	45.7.2	 if it is not reinvested within a period beginning with the date on which the dividend was paid to the Trustee
and ending 3 years thereafter or, if earlier, upon the Participant ceasing to hold Relevant Employment or the Directors give notice under Rule 9 to terminate the Plan such sum shall as soon as practicable be paid over to the Participant.

  
 16 

	45.8	 For the purposes of Rule 45.7, an amount carried forward representing an earlier cash dividend shall be treated
as reinvested before any such amount representing a later cash dividend. 

  

	45.9	 In exercising its powers in relation to the acquisition of Dividend Shares, the Trustee shall treat
Participants fairly and equally. 

  

	46.	 HOLDING PERIOD FOR DIVIDEND SHARES 

 

	46.1	 Except as mentioned in Rule 43, a Participant shall be bound:- 

 

	 	46.1.1	 to permit his or her Dividend Shares to remain in the hands of the Trustee; and 

 

	 	46.1.2	 not to assign, charge or otherwise dispose of his or her beneficial interest in such Dividend Shares

 for a period of 3 years beginning with the date on which such Shares are acquired on behalf of the Participant. 

 

	46.2	 A Participant’s obligation to permit his or her Dividend Shares to remain in the hands of the Trustee
throughout the Holding Period shall be subject to the following exceptions:- 

  

	 	46.2.1	 the Trustee may at any time dispose of such a Participant’s Plan Shares as may be necessary to realise
sufficient monies to satisfy any obligation under PAYE as mentioned in Rule 47.1; and 

  

	 	46.2.2	 a Participant may during the Holding Period direct the Trustee to deal with any of such Participant’s Plan
Shares as mentioned in Rule 43. 

  

	47.	 PAYE 

  

	47.1	 If, in consequence of any of a Participant’s Plan Shares ceasing to be held in the Plan, the Participant
is chargeable to income tax in accordance with Chapter 6 of Part 7 of ITEPA and an obligation to make a deduction required under PAYE arises in respect of that charge then:- 

 

	 	47.1.1	 unless within 14 days of the date on which the Shares in question cease to be so held (or, if earlier the date
on which the Trustee receives notice of such withdrawal) the Participant pays to the Trustee sufficient money to enable such obligation to be discharged, the Trustee may retain and dispose of any of the Shares so ceasing to be held in the Plan or
any of the Participant’s remaining Plan Shares (if any) as shall be necessary to raise sufficient funds (after deduction of expenses and commissions) to discharge such obligation; and 

 

	 	47.1.2	 subject to Rule 47.5, the Trustee shall pay to the Participant’s Employer Company a sum which is
sufficient to enable the Participant’s Employer Company to discharge that obligation. 

  

	47.2	 If on any occasion the Trustee receives a sum of money which constitutes (or forms part of) a Capital Receipt
in respect of which a Participant is chargeable to income tax under Chapter 6 of Part 7 of ITEPA, the Trustee shall, subject to Rule 47.6, pay out of that sum of money to the Participant’s Employer Company an amount equal to that on which
income tax is so payable and the Participant’s Employer Company shall pay over that amount to the Participant subject to deduction of income tax and NICs under PAYE. 

 

	47.3	 If a Participant disposes of his beneficial interest in any Plan Shares to the Trustee, and the Trustee is
deemed for the purposes of the Schedule to have disposed of such Shares for any consideration, the Trustee shall, for the purposes of Rule 47.2, be deemed to have received such consideration as the proceeds of disposal of the Participant’s Plan
Shares. 

  

	47.4	 For the purposes of this Rule 47 “Participant’s Employer Company” means a
company:- 

  
 17 

	 	47.4.1	 of which the Participant is an employee at the time when the Participant’s Plan Shares cease to be held in
the Plan (as mentioned in Rule 47.1) or when the Trustee receives or is deemed to receive the sum of money referred to in Rule 47.2; and 

  

	 	47.4.2	 to whom PAYE then applies. 

 

	47.5	 If, in consequence of any of a Participant’s Plan Shares ceasing to be held in the Plan, a Participant is
chargeable to income tax in accordance with Chapter 6 of Part 7 of ITEPA and either:- 

  

	 	47.5.1	 there is no Participant’s Employer Company; or 

 

	 	47.5.2	 HMRC are of the opinion that it is impracticable for the Participant’s Employer Company to make a
deduction of income tax under PAYE and so direct 

 then the Trustee shall account for income tax under PAYE in respect of
an amount equal to that on which income tax is payable as if the Participant were a former employee of the Trustee. 
  

	47.6	 If the Trustee receives a sum of money as mentioned in Rule 47.2 and either:- 

 

	 	47.6.1	 there is no Participant’s Employer Company; or 

 

	 	47.6.2	 HMRC are of the opinion that it is impracticable for the Participant’s Employer Company to make a
deduction of income tax under PAYE and so direct 

 then in paying over to the Participant the Capital Receipt, the Trustee
shall make a deduction of income tax under PAYE in respect of an amount equal to that on which income tax is payable as mentioned in Rule 47.2, as if the Participant were a former employee of the Trustee. 

 

	47.7	 The reference in Rule 47.1 to a disposal of Shares shall be construed as including a reference to a purchase by
the Trustee of the beneficial interest in such Shares. 

  

	48.	 SPECIFIED RETIREMENT AGE 

For the purposes of section 498 ITEPA, the specified retirement age for the Plan is 65. 

  
 18 

 PART D: GLOSSARY 

 

	49.	 DEFINITIONS 

The following words and expressions shall, where they are used in the Plan, have the following meanings:- 

 

	 “Accumulation Period” 
	in relation to Partnership Shares, the period during which a Participant’s Partnership Share Money is accumulated by the Trustee pending the acquisition of Partnership Shares or its repayment to such person 

 

	 “Acquisition Date” 
	in relation to an acquisition of Partnership Shares, the date mentioned in Rule 24.5 and, in relation to Dividend Shares, the date mentioned in Rule 45.1.2 

  

	 “Administrator” 
	such person as is from time to time appointed by the Trustee with the approval of the Company to administer the Plan and to whom the Trustee has delegated the necessary administrative powers pursuant to Clause 5.20 of the Deed 

 

	 “Alternative Investment Market” 
	the Alternative Investment Market of the London Stock Exchange 

  

	 “Approved Share Incentive Plan” 
	an share incentive plan as mentioned in the Schedule and which is approved by HMRC 

  

	 “Articles of Association” 
	the articles of association of the Company 

  

	 “Associated Company” 
	has the meaning given in paragraph 94 of the Schedule 

  

	 “Bank” 
	(a)        a person who falls within section 840A(1 )(b) of the Taxes Act; 

  

	 	(b)	 a building society within the meaning of the Building Societies Act 1986; or 

 

	 	(c)	 a European Economic Area firm of the kind mentioned in paragraph 5 of Schedule 3 to the Financial Services and
Markets Act 2000 which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12(1) of that Schedule) to accept deposits 

 

	 “Benefits Code” 
	as defined in section 63 of ITEPA 

  

	 “Capital Receipt” 
	has the same meaning as in section 502 of ITEPA 

  

	 “Close Company” 
	has the same meaning as in paragraph 20 of the Schedule 

  

	 “Company” 
	Total Produce pie (registered in the Republic of Ireland number 427687) 

  

	 “Connected Company” 
	has the meaning given in paragraph 18(3) of the Schedule 

  

	             “Conversion Rate” 
	on any given day, the average currency conversion rate quoted by Barclays Bank plc or such other bank with whom the Trustee then holds its accounts for the purposes of the Plan, as the price for euros purchased with pounds sterling on the
preceding day or, if that preceding day is not a business day, the preceding business day 

  
 19 

	 “control” 
	has the same meaning as in section 840 of the Taxes Act 

  

	 “Dealing Day” 
	a day on which the Irish Stock Exchange is open for business 

  

	 “Deed” 
	the trust deed of the Plan Trust 

  

	 “Directors” 
	the board of directors of the Company or a duly-authorised committee of such directors 

  

	 “Dividend Shares” 
	Shares acquired by the Trustee on behalf of a Participant using dividends paid in respect of such Participant’s Plan Shares and which are held in the Plan 

 

	 “Eligible Employee” 
	in relation to an acquisition of Shares pursuant to Part B, on any occasion, a Plan Employee who satisfies all of the relevant conditions for participating in the Plan mentioned in Rule 7.1 and who is not ineligible to participate in the Plan by
virtue of Rule 7.2 

  

	 “Employee” 
	an employee of any member of the Group 

  

	 “Financial Year” 
	a financial year of the Company 

  

	 “Group” 
	the Company and each and every company which is for the time being controlled by the Company within the meaning of section 840 of the Taxes Act and is also a subsidiary of the Company within the meaning of section 155 of the Irish Companies Act
1963 

  

	 “HMRC” 
	Her Majesty’s Revenue & Customs 

  

	 “Holding Period” 
	in relation to a Participant’s Dividend Shares, the period of three years mentioned in Rule 46 

  

	 “Irish Investment Exchange” 
	the Irish Investment Exchange of the Irish Stock Exchange 

  

	 “Irish Stock Exchange” 
	the Irish Stock Exchange Limited or any successor organisation thereto 

  

	 “ITEPA” 
	means the Income Tax (Earnings and Pensions) Act 2003 

  

	 “key feature” 
	has the meaning given in Rule 8.4 

  

	 “London Stock Exchange” 
	London Stock Exchange plc 

  

	 “Market Value” 
	in relation to a Share on a given date:- 

  

	 	(a)	 if shares in the Company of the same class as the Shares are then listed on the Irish Stock Exchange, the
average of the middle market quotations of a Share as derived from the Daily Official List of the Irish Stock Exchange for the 3 consecutive Dealing Days last preceding that date provided that if the means of providing the foregoing information as
to dealings and prices by reference to which the middle market quotations of a Share is to be determined is altered or is replaced by some other means, then the middle market quotations of a Share shall be determined on the basis of the equivalent
information published by or with the authorisation of the relevant authority in relation to dealings on the Irish Stock Exchange; or 

  
 20 

	 	(b)	 in any other case, the market value of a Share on that date (or on such earlier date or dates as may be agreed
in advance in writing with HMRC Shares and Assets Valuation) determined in accordance with the provisions of Part VIII of the Taxation of Chargeable Gains Act 1992 

 

	 “Material Interest” 
	has the meaning given in paragraph 20 of the Schedule 

  

	 “New Shares” 
	has the meaning given in Rule 44.3 

  

	 “NICs” 
	National Insurance contributions 

  

	 “Non-Qualifying Salary” 
	any particular description of earnings, paid to Eligible Employees, which is determined by the Directors not to be Salary for the purposes of Rule 19.1, pursuant to paragraph 4A(b) of the Schedule 

 

	 “Original Trustee” 
	Computershare Trustees Limited (registered in England number 3661515) 

  

	 “Participant” 
	in relation to Partnership Shares, a person who is party to a subsisting Partnership Share Agreement or on whose behalf Partnership Shares, or Dividend Shares have been acquired and which are for the time being held in the Plan

  

	 “Participant’s Employer Company” 
	has the meaning given in Rule 47.4 

  

	 “Participating Company” 
	a company which is a member of the Group in relation to which the Directors have resolved that the employees of such company may, if so permitted by the rules of the Plan, be eligible to participate in this Plan 

 

	 “Partnership Shares” 
	shares acquired by the Trustee on behalf of an Eligible Employee using Partnership Share Money and which are held in the Plan 

  

	 “Partnership Share Agreement” 
	a contract between the Company and a Participant (as mentioned in Rule 15.1) in such form (approved in advance by HMRC) as the Company may from time to time determine 

 

	 “Partnership Share Money” 
	money deducted from an Employee’s Salary pursuant to a Partnership Share Agreement and held by the Trustee pending the acquisition of Partnership Shares or its repayment to such person 

 

	 “PAYE” 
	the rules and regulations governing the obligation of an employer or other person to account for:- 

  

	 	(a)	 income tax as mentioned in Part 11 of ITEPA or regulations made under Section 684 of ITEPA; and

  

	 	(b)	 NICs 

  

	 “Personal Representatives” 
	in relation to a Participant, the legal personal representatives of the Participant (being either the executors of his will to whom a valid grant of probate has been made or if he dies intestate the duly appointed administrator(s) of his estate)
who have provided to the Directors evidence of their appointment as such 

  
 21 

	 “Plan” 
	the Total Produce Share Incentive Plan as approved by HMRC as amended from time to time in accordance with Rule 8 

  

	 “Plan Employee” 
	an employee of a Participating Company who:- 

  

	 	(a)	 is chargeable to tax under sections 15 or 21 of ITEPA in respect of such employment; and 

 

	 	(b)	 every other employee of a Participating Company who has been nominated by the Directors 

 

	 “Plan Shares” 
	subject to Rules 42.5 and 44.4, Partnership and Dividend Shares which have been acquired by the Trustee on behalf of an Eligible Employee 

  

	 “Plan Trust” 
	the trust established by the Company by the execution of the Trust Deed for use in conjunction with this Plan for the purpose, amongst other matters, of holding on behalf of Participants legal title to Plan Shares 

 

	 “Qualifying Company” 
	in relation to a Qualifying Period:- 

  

	 	(a)	 a company that is a Participating Company at the end of the Qualifying Period; 

 

	 	(b)	 a company that, when the individual concerned was employed by it, was a Participating Company; or

  

	 	(c)	 a company that, when the individual concerned was employed by it, was an Associated Company of either:-

  

	 	(i)	 any such company as is mentioned in (a) or (b) above; or 

 

	 	(ii)	 another company which is itself a Qualifying Company 

 

	 “Qualifying Corporate Bond” 
	has the meaning given by section 117 of the Taxation of Chargeable Gains Act 1992 

  

	 “Qualifying Period” 
	in relation to an individual’s eligibility to acquire Partnership Shares, such period (if any) as is specified by the Directors pursuant to paragraph 16 of the Schedule and throughout which the individual must at all times have been an
employee of a Qualifying Company 

  

	 “Relevant Employment” 
	employment by the Company or any Associated Company 

  

	 “relevant European institution” 
	has the meaning given in section 326A(10) of the Taxes Act 

  

	 “ Salary” 
	in relation to a Participant, means such of the earnings of the employment by reference to which he is eligible to participate in the Plan as are liable to be paid under deduction of tax under PAYE after deducting any amounts included by virtue
of the Benefits Code or as would be so liable apart from the SIP Code or which would be if that individual were within the scope of the charge to income tax under Part 2 of ITEPA SAVE THAT for the purposes of Rule 19.1, no account shall be
taken, in determining the amount of a Participant’s Salary in any tax year, of any amount of Non-Qualifying Salary paid to such Participant 

  
 22 

 
			
		
	“Schedule”	  	Schedule 2 to ITEPA
		
	“Shares”	  	ordinary shares in the capital of the Company (or, following a Company Reconstruction as mentioned in Rule 44, shares issued in respect of, or which otherwise represent such first- mentioned shares) which, except in the
circumstances mentioned in paragraphs 86(4) and 88 of the Schedule, satisfy the requirements of paragraphs 25 to 33 of the Schedule
		
	“SIP Code”	  	has the meaning given in section 488(3) of ITEPA
		
	“Subsidiary”	  	a subsidiary (within the meaning given in section 155 of the Irish Companies Act 1963) of the Company
		
	“Tax Year”	  	a year ending 5 April
		
	“Taxes Act”	  	the Income and Corporation Taxes Act 1988
		
	“Trustee”	  	the trustee or trustees for the time being of the Plan Trust
		
	“Trust Fund”	  	 (a)   The initial sum of £10 paid to the Original Trustee;

 
 (b)   all property, other than
any Participant’s Partnership Share Money, transferred to the Trustee to hold on the terms of this Settlement, including any accumulation of income of such property; and
  

(c)   all property from time to time representing the above

		
	“UK Listing Authority”	  	the Financial Services Authority in its capacity as the competent authority for the purposes of Part VI of the Financial Services and Markets Act 2000

  

	50.	 INTERPRETATION OF THE PLAN 

 

	50.1	 Words and expressions used in the Plan but not defined in this Part D have the same meanings given in, or which
they bear for the purposes of, the SIP Code. 

  

	50.2	 References to the provisions of any Act, including the Taxes Act, shall include any statutory consolidation,
modification, amendment or re-enactment, or any subordinate legislation made under it for the time being in force. 

  

	50.3	 Words denoting the singular shall include the plural and vice versa. 

 

	50.4	 References to an “award” of Shares shall be construed as references to the transfer of the beneficial
interest in such Shares (and related expressions shall be construed accordingly). 

  

	50.5	 If New Shares (as mentioned in Rule 44) are treated as awarded to, or as having been acquired on behalf of, a
Participant as mentioned in Rule 44 all references in Part C and Rule 50.6 to Shares (including references to Partnership Shares and Dividend Shares) shall be construed as including references to such New Shares and if such New Shares were so
treated as having been awarded to, or acquired on behalf of, a Participant in consequence of his or her interest in Partnership Shares or Dividend Shares then references in Part C to any such Partnership Shares or Dividend Shares shall be construed
as including such New Shares. 

  

	50.6	 Subject to Rule 50.5, references to Shares or to any interest in Shares being “held in the Plan”
shall be construed as references to the legal title to such Shares being held by the Trustee, subject to and in accordance with the rules of this Plan (and related expressions shall be construed accordingly). 

  
 23 

	50.7	 References in relation to a Participant to “participation in the Plan” and related expressions shall
be construed as references to participation by being a party to a Partnership Share Agreement or by reason of any Shares then being held in the Plan on behalf of such Participant. 

 

	50.8	 References to rules are to the rules set out in this Plan as amended from time to time in accordance with Rule
8. 

  

	50.9	 A Participant shall not be treated for the purposes of this Plan as ceasing to be in Relevant Employment if he
remains in the employment of the Company or any company which, in relation to the Company, is an Associated Company. 

  
 24 

 PART E: PLAN TRUST DEED 

[Stamp duty: £5] 
 THIS TRUST
DEED is made on [                    ] 

BETWEEN:- 
  

	(1)	 TOTAL PRODUCE PLC (registered in the Republic of Ireland number 427687) whose registered office is at
Charles McCann Building, Rampart Road, Dundalk, Co Louth (the “Company”); and 

  

	(2)	 COMPUTERSHARE TRUSTEES LIMITED (registered in England Number 3661515) whose registered office is at The
Pavilions, Bridgwater Road, Bristol BS13 8AE (the “Original Trustee”). 

 WHEREAS:- 

 

	(A)	 The parties intend, by the execution of this Deed, to establish an employees’ share scheme, the terms of
which comply both with the requirements of section 60(13)(b) of the Irish Companies Act 1963 and Schedule 2 to the Income Tax (Earnings and Pensions) Act 2003, to facilitate the acquisition and holding of shares by and for the benefit of employees
of the Company and of subsidiaries of the Company pursuant to The Total Produce Share Incentive Plan (the “Plan”). 

  

	(B)	 The Company has paid to the Original Trustee by way of gift the sum of £10, the receipt of which the
Original Trustee acknowledges. 

  

	(C)	 The Original Trustee has agreed to act as the first trustee of this Trust. 

 

	(D)	 The settlement created by this Deed shall unless and until the Trustees for the time being of this Trust
otherwise determine, be known as The Total Produce SIP Trust. 

 IT IS AGREED as follows:- 

 

	1.	 INTERPRETATION 

 

	1.1	 The following words and expressions shall, where they are used in this Deed, have the following meanings:-

  

			
	“Beneficiary”	  	a bona fide employee or former employee of any member of the Group
		
	“Charity”	  	any company, trust, association or other body of persons established for charitable purposes only
		
	“this Deed”	  	the provisions of this trust deed as varied or added to from time to time pursuant to and in accordance with Clause 15
		
	“Employees’ Share Scheme”	  	an employees’ share scheme, the terms of which comply with the requirements of section 60(13)(b) of the Irish Companies Act 1963
		
	“Foreign Cash Dividend”	  	means a cash dividend paid in respect of Plan Shares in a company not resident in the United Kingdom
		
	“this Settlement”	  	the trusts declared in this Deed
		
	“Takeover Offer”	  	an offer to acquire all the shares in the capital of the Company, which has been made in circumstances and under terms that would (subject only to the relevant acceptance threshold being achieved) permit the offeror to invoke the
procedure for the compulsory acquisition of shares in the Company under section 204 of the Irish Companies Act 1963

  
 25 

 
			
	“Trustee”	  	the Original Trustee or other the trustee or trustees for the time being of this Settlement
		
	“Trust Fund”	  	 (a)   the initial sum of £10 paid to the Original Trustee;

 
 (b)   all property, other than
any Participant’s Partnership Share Money, transferred to the Trustee to hold on the terms of this Settlement, including any accumulation of income of such property; and
  

(c)   all property from time to time representing the above

		
	“Trust Period”	  	 means the period beginning with the date hereof and ending upon the first to happen of the following namely:-

 
 (a)   the expiry of the period
of eighty years beginning with the date of this Deed; or
  

(b)   such date as the Trustee (acting with the prior written consent of the Company) shall by deed
declare to be the end of the Trust Period (not being a date earlier than the date of such deed)

		
	‘‘Trust Property”	  	any property comprised in the Trust Fund

 All terms used in this Deed which are defined in the Glossary to the Plan shall bear the same meanings
as in that Glossary. 
  

	1.2	 For the purposes of the interpretation of this Deed:- 

 

	 	1.2.1	 words denoting the singular shall include the plural and vice versa; 

 

	 	1.2.2	 words denoting the masculine gender shall include the feminine and neuter gender; 

 

	 	1.2.3	 no account shall be taken of the clause headings which have been inserted for ease of reference only;

  

	 	1.2.4	 references to any statutory provision shall be read and construed as references to such provision as amended or
re-enacted from time to time; and 

  

	 	1.2.5	 references to clauses and Schedules are to be read and construed as references to clauses and Schedules of this
Deed. 

  

	2.	 PRINCIPAL TRUSTS 

 

	2.1	 The Trustee shall during the Trust Period hold the capital and income of the Trust Fund UPON TRUST:-

  

	 	2.1.1	 for so long as the Plan, having been approved by HMRC pursuant to the Schedule, remains so approved, to hold
the Trust Fund for the benefit of Beneficiaries but shall deal with the same only in accordance with the provisions of Clauses 4 and 5; and 

  

	 	2.1.2	 subject to Clause 2.1.1 above, for all or such one or more exclusively of the other or others of the
Beneficiaries at such age or time or respective ages or times and if more than one in such shares and either absolutely or for such period or respective periods and with such gifts over and upon such trusts (including discretionary trusts) and with
or subject to such powers or provisions (whether dispositive or administrative at the discretion of the Trustee or of any one or more of the Beneficiaries or of any other person or persons) and generally in such manner in all respects for the
benefit of all or any one or more of the Beneficiaries as the Trustee may at any time or times during the Trust 

  
 26 

	 	Period by deed or deeds revocable or irrevocable in their discretion appoint PROVIDED THAT no exercise of the power conferred by this Clause 2.1.2 shall invalidate any prior payment or application of either the
capital or income of the Trust Fund or affect any part of the Trust Fund to which any person has become indefeasibly entitled. 

  

	2.2	 In default of and subject to any appointment made under Clause 2.1, and subject to the provisions of Clause 5,
the following trusts shall apply to the capital and income of the Trust Fund:- 

  

	 	2.2.1	 the Trustee may accumulate the whole or part of the income of the Trust Fund during the Trust Period as an
addition to the capital of the Trust Fund and as one fund with such capital for all purposes but the Trustee may apply such Trust Property as if it were income arising in the then current year; 

 

	 	2.2.2	 subject to Clause 5.2, the Trustee shall pay or apply the income of the Trust Fund to or for the benefit of any
one or more of the Beneficiaries and if more than one in such proportions and in such manner in all respects as the Trustee shall in its absolute discretion think fit; 

 

	 	2.2.3	 the Trustee may at any time or times during the Trust Period realise the whole or any part or parts of the
Trust Fund and may pay the same to or apply the same for the benefit of any one or more of the Beneficiaries in such manner as the Trustee shall in its absolute discretion think fit; and 

 

	 	2.2.4	 subject to the preceding provisions of this Clause 2, the Trustee shall hold the capital and income of the
Trust Fund at the expiry of the Trust Period UPON TRUST for such one or more of the Beneficiaries and if more than one in such proportion and in such manner in all respects as the Trustee shall before the end of the Trust Period, and in its
absolute discretion, determine SAVE THAT if there are no such Beneficiaries or in default of such determination the Trustee shall hold the capital and income of the Trust Fund on trust absolutely for such one or more Charity as the Company
shall in its discretion determine. 

  

	3.	 ADDITIONS TO THE TRUST FUND 

 

	3.1	 The Trustee may at any time accept a gift of Shares or other assets to be held as an addition to the Trust
Fund. 

  

	3.2	 Any member of the Group may from time to time at its sole discretion transfer pay or credit sums of money to
the Trustee to be held as an addition to the Trust Fund, and nothing in this Deed shall confer on the Trustee any right to receive any such transfer, payment or credit or create any trust of the money intended to be transferred, paid or credited
unless and until the same shall have been actually transferred, paid or credited to the Trustee. 

  

	3.3	 If Shares are listed on the Official List of the UK Listing Authority, the Company shall apply for a listing
for any Shares subscribed by the Trustee. 

  

	3.4	 The Trustee shall not accept any contribution to the Trust Fund from any person if the acceptance of such
contribution would cause this Settlement to be in breach of the rules restricting the accumulation of trust income. 

  

	4.	 PARTNERSHIP SHARE MONIES AND PARTNERSHIP SHARES 

 

	4.1	 The Trustee shall accept any Participant’s Partnership Share Money and shall hold such funds upon trust
for the benefit of such Participant and shall deal with such funds and with any income from the investment of such funds only in accordance with the Plan SAVE THAT the Trustee shall be under no duty or obligation to deposit such funds in an
interest-bearing account. 

  

	4.2	 The Trustee shall apply each Participant’s Partnership Share Money in acquiring Shares in accordance with
the Plan by:- 

  

	 	4.2.1	 purchase in the market (whether on the London Stock Exchange, the Irish Stock Exchange or any other market on
which Shares may be purchased, from time to time); 

  
 27 

	 	4.2.2	 subscription; or 

  

	 	4.2.3	 acquisition by purchase from the Trust Fund. 

 

	4.3	 For the avoidance of doubt, the Trustee shall not be liable for any disadvantage suffered by any Participant as
a result of changes to:- 

  

	 	4.3.1	 the Conversion Rate; or 

 

	 	4.3.2	 the market value of Shares 

in the period between the Trustee’s receipt of a Participant’s Partnership Share Money and its acquisition of Partnership Shares, on
behalf of the relevant Participant, with the Participant’s Partnership Share Money. 
  

	4.4	 The Trustee shall hold a Participant’s Partnership Shares upon trust for the benefit of such Participant
and shall deal with such Shares and all rights attaching to such Shares only in accordance with the Plan and this Deed. 

  

	4.5	 For the purposes of section 13 of the Perpetuities and Accumulations Act 1964, the accumulation period
applicable to any Partnership Share Money shall be 21 years from the date of this Deed. 

  

	5.	 TRUSTEE’S POWERS AND DUTIES RELATING TO THE PLAN 

 

	5.1	 The Trustee shall join with the Company in establishing and giving effect to the Plan. 

 

	5.2	 For so long as the Plan having been approved by HMRC pursuant to the Schedule remains so approved, the Trust
Fund shall not be applied, and this Settlement shall not be used, otherwise than for the purposes of giving effect to the Plan. 

  

	5.3	 The Trustee shall expend any sum received from any member of the Group as a contribution to the Trust Fund for
any such one or more of the purposes mentioned in Clause 5.4 as the Trustee shall in its absolute discretion determine and pending such expenditure shall deposit any such contribution with a Bank on such terms as the Trustee may in its absolute
discretion think fit. 

  

	5.4	 The purposes referred to in Clause 5.3 are:- 

 

	 	5.4.1	 the acquisition of Shares for the purposes of the Plan whether by way of:- 

 

	 	(a)	 purchase in the market (whether on the London Stock Exchange, the Irish Stock Exchange or any other market on
which Shares may be purchased, from time to time); 

  

	 	(b)	 subscription; or 

  

	 	(c)	 acquisition by purchase from the Trust Fund; 

 

	 	5.4.2	 the repayment of sums borrowed; 

 

	 	5.4.3	 the payment of interest on sums borrowed; 

 

	 	5.4.4	 satisfying any of the obligations of the Trustee under the Plan; and 

 

	 	5.4.5	 paying expenses of the Trustee (including the fees of the Trustee, any Administrator and any professional
adviser retained by the Trustee in relation to the operation of the Plan). 

  

	5.5	 The Trustee may only acquire shares or other securities which are not Shares if:- 

 

	 	5.5.1	 they are shares or other securities issued to the Trustee in exchange for or in respect of Shares in
circumstances mentioned in section 135(1) of the Taxation of Chargeable Gains Act 1992; or 

  
 28 

	 	5.5.2	 if they are shares or other securities acquired by the Trustee pursuant to a reconstruction or amalgamation as
mentioned in section 136 of that Act. 

  

	5.6	 The Trustee may at any time and from time to time award Shares to any one or more of the Beneficiaries pursuant
to and in accordance with the Plan. 

 Duty to give notice of acquisition of Partnership Shares 

 

	5.7	 As soon as practicable after the Trustee has acquired any Partnership Shares on behalf of a Participant, the
Trustee shall give him or her notice of the acquisition:- 

  

	 	5.7.1	 specifying the number and description of those Shares; 

 

	 	5.7.2	 stating the amount of Partnership Share Money applied by the Trustee in acquiring such Partnership Shares;

  

	 	5.7.3	 their Market Value on the Acquisition Date; and 

 

	 	5.7.4	 informing him or her of any amount of surplus Partnership Share Money carried forward. 

Duty to give notice of acquisition of Dividend Shares 
  

	5.8	 As soon as practicable after any Dividend Shares have been acquired on behalf of a Participant the Trustee
shall give him or her notice of the acquisition:- 

  

	 	5.8.1	 specifying the number and description of those Shares; 

 

	 	5.8.2	 stating their Market Value on the Acquisition Date; 

 

	 	5.8.3	 stating the Holding Period applicable to them; and 

 

	 	5.8.4	 informing him or her of any surplus amount of cash dividends carried forward. 

Foreign cash dividends 
  

	5.9	 If the Trustee receives any Foreign Cash Dividend in respect of any of a Participant’s Plan Shares, the
Trustee shall notify the Participant of the amount of any foreign tax deducted from the dividend before it was paid. 

Duty to deal with Plan Shares 
  

	5.10	 The Trustee shall hold and deal with all Shares awarded to or acquired on behalf of any Participant only in
accordance with the terms of Part C of the Plan and the following provisions of this Deed. 

 General duty of Trustee
to retain Dividend Shares 
  

	5.11	 Save as mentioned in Clause 5.12, the Trustee shall not dispose of any of a Participant’s Plan Shares that
are Dividend Shares (whether to the Participant or otherwise) at any time during the Holding Period relating to such Shares unless the Participant ceases to be in Relevant Employment. 

 

	5.12	 The duty imposed by Clause 5.11 shall not restrict the Trustee from disposing of any of a Participant’s
Plan Shares in accordance with a provision of the Plan which gives effect to the requirements of any of the paragraphs of the Schedule mentioned in paragraph 73(3) of the Schedule. 

  
 29 

 Power of Trustee to raise funds to subscribe for a rights issue 

 

	5.13	 The Trustee may, subject to Clause 5.17, dispose of some of the rights under a rights issue in order to be able
to obtain sufficient funds to exercise other such rights. 

  

	5.14	 For the purposes of Clause 5.13, “rights issue” means rights conferred in respect of a
Participant’s Plan Shares to be allotted, on payment, other shares or securities or rights of any description in the same company. 

Duty of Trustee on Participant ceasing to be in Relevant Employment 

 

	5.15	 If a Participant ceases to be in Relevant Employment, the Trustee shall as soon as is practicable:-

  

	 	5.15.1	 transfer such Participant’s Plan Shares to the Participant or another person at his direction; or

  

	 	5.15.2	 dispose of the Shares and account (or hold itself ready to account) for the proceeds to the Participant or to
another person at his direction. 

  

	5.16	 The Trustee shall pay over to a Participant any money or money’s worth received by the Trustee in respect
of or by reference to any of such Participant’s Plan Shares, other than money or money’s worth consisting of New Shares SAVE THAT this duty of the Trustee shall not prevent the Trustee from reinvesting cash dividends in accordance
with the Plan nor from doing anything in fulfilment of its obligations under or in relation to PAYE. 

 General duties
to Participants 
  

	5.17	 Subject to Clause 5.15, the Trustee shall dispose of a Participant’s Plan Shares and deal with any right
conferred in respect of any of his Plan Shares to be allotted other shares, securities or rights of any description only pursuant to a direction given by or on behalf of the Participant SAVE THAT the Trustee may dispose of any of a
Participant’s Plan Shares which cease to be held in the Plan and any of a Participant’s remaining Plan Shares to meet any obligation imposed on the Trustee under or in relation to PAYE. 

Duties in relation to tax liabilities 
  

	5.18	 The Trustee shall:- 

  

	 	5.18.1	 maintain such records as may be necessary for the purposes of complying with any obligations of the Trustee or
of any member or former member of the Group under PAYE and NICs so far as they relate to the Plan; and 

  

	 	5.18.2	 when a Participant becomes liable to income tax under Chapter 3 or 4 of Part 4 of the Income Tax (Trading and
Other Income) Act 2005 or ITEPA by reason of the occurrence of any event, inform him of any facts relevant to determining that liability. 

  

	5.19	 References in the preceding provisions of this Clause 5 to a Participant include, in relation to a Participant
who has died, a reference to his Personal Representatives. 

 Administration of the Plan 

 

	5.20	 The Trustee may from time to time appoint any such person as the Company may approve to act as Administrator on
such terms as the Trustee and the Company shall agree and in that event the Trustee shall delegate to such person such of the Trustee’s administrative powers and duties as shall, in the opinion of the Directors, be necessary or appropriate to
enable such person to procure the award of Shares to, and the acquisition of Shares on behalf of, Participants and generally to administer the operation of the Plan PROVIDED THAT:- 

 

	 	5.20.1	 no such delegation shall take effect so as to divest the Trustee of any duty imposed on the Trustee by the
provisions of this Deed; and 

  

	 	5.20.2	 the Trustee shall remain liable for the acts and defaults of such person to the intent that section 23 of the
Trustee Act 2000 shall not apply. 

  
 30 

	5.21	 The Trustee may pay the costs and expenses of any Administrator out of the Trust Fund. 

Power to take and pay for professional advice 
  

	5.22	 The Trustee may, for the purpose of enabling the Trustee or any Administrator to exercise the powers and duties
of this Settlement, seek and act upon the advice of any such firm of legal or other professional advisers and may pay for such advice out of the Trust Fund PROVIDED THAT no such advice shall be sought by the Trustee or the Administrator on
any occasion without the prior approval (which shall not be unreasonably withheld) of the Company as to the choice of such adviser and the terms on which such advice shall be sought. 

Provision of information to the Company 
  

	5.23	 The Trustee shall provide to the Company and every other member of the Group all such information relating to
the operation of the Plan as shall, in the opinion of the Directors, be necessary to enable each such member of the Group to fulfil its obligations to account for income tax and NICs under PAYE. 

 

	5.24	 The Trustee shall, from time to time, provide to the Company such other information, relating to the operation
of the Plan and to the individual entitlements of any or all of the Participants as the Company may request, and shall do so within such reasonable period as the Company may specify. 

Residual Shares 
  

	5.25	 If any Shares (other than a Participant’s Plan Shares) remain Trust Property after either:-

  

	 	5.25.1	 Shares have been awarded to Participants in accordance with the Plan on any occasion; or 

 

	 	5.25.2	 the requirements of paragraph 90 of the Schedule have been complied with 

the Trustee shall, if the Company so directs, hold such Shares upon trust to sell such Shares in the market and pay or apply the net proceeds
of sale (after deduction of all costs and expenses and of such amount as, in the opinion of the Trustee, is sufficient to enable the Trustee to discharge in full all of its current and future liabilities, whether actual or contingent) to or for the
benefit of Participating Companies in such proportions, having regard to their respective contributions, to the Trust Fund as the Company shall direct. 

Acquisition of shares from a QUEST 
  

	5.26	 If any Shares are transferred to the Trustee as mentioned in paragraph 78 of the Schedule, such Shares shall
not become Partnership or Dividend Shares 

 Duty to monitor Participants in connected plans 

 

	5.27	 The Trustee shall maintain records of Participants who in the same Tax Year have participated in one or more
other Approved Share Incentive Plans established by the Company or a Connected Company. 

  

	6.	 TRUSTEE’S DEALINGS IN SHARES 

 

	6.1	 For the purpose of enabling the Directors to ensure compliance by the Company and by its directors with the
rules and regulations imposed by the Irish Stock Exchange, the Trustee shall inform the secretary of the Company in writing in advance of any dealing by the Trustee in Shares (otherwise than any award of Shares to or acquisition of Partnership
Shares or Dividend Shares on behalf of, a Participant who is not a director of the Company being a dealing pursuant to or done for the purpose of giving effect to the operation of the Plan). 

  
 31 

	6.2	 If the Trustee provides any benefit (in whatever form) out of the Trust Fund to any Beneficiary (otherwise than
pursuant to the Plan) the Trustee shall give details of such benefit to the secretary of the Company. 

  

	6.3	 The Trustee shall not deal in Shares or other securities of the Company at any time if the Trustee is aware or
has received notice in writing from the Company that any such dealing at that time would cause the Company or any Subsidiary or any director, officer or employee of the Company or any Subsidiary to be in breach of the provisions of the code of
dealing adopted by resolution of the directors of the Company imposing restrictions upon dealings by directors and employees in Shares or securities of the Company as required by the rules of the Irish Stock Exchange PROVIDED THAT nothing in
this Clause 6.3 shall compel the Trustee to enquire from the Company or any Subsidiary as to whether such dealing would breach any such provisions. 

Waiver of Trustees’ dividend and voting rights 
  

	6.4	 The provisions of Clauses 6.5 and 6.6 shall not apply (so that the Trustee shall not be taken to have waived
its rights to receive dividends and/or exercise voting rights) throughout any period in relation to which the Company has given notice in writing to the Trustee that such provisions shall not apply PROVIDED THAT no such period shall commence
before the date on which such notice is received by the Trustee. 

  

	6.5	 Whilst and for so long as any Shares are held by the Trustee and no beneficial interest in such Shares is
vested in any Beneficiary the Trustee shall waive any right to dividend payments in respect of such Shares and the Trustee shall not be liable for any loss to the Trust Fund as a result of such waiver. 

 

	6.6	 Whilst any Shares in the Company are held by the Trustee the Trustee shall refrain from exercising any voting
rights which may attach to the Shares SAVE THAT if the beneficial interest in any Share is vested in any Beneficiary then the Trustee shall comply with the provisions of Rule 41 of the Plan. 

 

	7.	 INVESTMENT POWERS 

 

	7.1	 The Trustee may apply the whole or any part of the Trust Fund in the acquisition of Shares by subscription or
by purchase from any person at a price which is not greater than the price which the Trustee would otherwise have to pay for the purchase of such Shares on the Irish Stock Exchange (or, if such Shares are not listed on the Irish Stock Exchange, in
the open market) at the time of purchase. 

  

	7.2	 The Trustee shall not be under any obligation to diversify the investment of the Trust Fund and, in particular,
may:- 

  

	 	7.2.1	 retain, in their existing condition, any investments, including Shares or other securities of the Company, or
other property (including uninvested money) for the time being forming part of the Trust Fund for so long as the Trustee in its absolute discretion thinks fit notwithstanding that the same may comprise the sole investment of the Trust Fund; and

  

	 	7.2.2	 at its absolute discretion, invest the whole of the Trust Fund in the shares or securities of any one company

 without being liable for any loss occasioned thereby. 

 

	7.3	 The Trustee shall be under no obligation to:- 

 

	 	7.3.1	 become a director or officer, or interfere in the management or affairs, of any company any of the shares or
stocks of which are, for the time being, comprised in the Trust Fund or any company associated with such company, notwithstanding that the Trustee has (whether directly or indirectly) a substantial holding in or control of any such company; or

  

	 	7.3.2	 seek information about the affairs of any such company 

  
 32 

 
but may leave the conduct of the affairs of any such company to its directors or other persons managing the company (so long as they have no actual notice of any act of dishonesty on the part of
such directors or others in connection with the management of the company). 
  

	8.	 ADDITIONAL POWERS 

 

	8.1	 In addition to all the powers vested in trustees by law or statute, the Trustee shall have the following powers
regarding the Trust Fund:- 

  

	 	8.1.1	 power to invest or hold or allow to remain in the name or under the control of any person as nominee or bare
trustee of the Trustee the whole or such part of the Trust Fund as the Trustee shall in its absolute discretion think fit and the Trustee shall not be liable for any loss to the Trust Fund or the income of the Trust Fund occasioned by the exercise
of this power; 

  

	 	8.1.2	 power to promote, alone or with others, and to approve, concur or acquiesce in, or agree to carry into effect,
alone or with others, any scheme, proposal or offer for or leading to or being a step in:- 

  

	 	(a)	 the reconstruction or amalgamation with any other company or corporation of any company or corporation in whose
securities the Trust Fund or any part of the Trust Fund shall be for the time being invested; 

  

	 	(b)	 the release, modification or alteration of the rights, privileges or liabilities attached to any investments or
other property forming part of the Trust Fund or attached to any property whatever having rights affecting any such investments or other property; or 

  

	 	(c)	 the exchange of any investments or other property forming part of the Trust Fund for any other investments or
other property 

  

	 	8.1.3	 power to give warranties and indemnities for the foregoing purposes with power to accept any security, shares
or other interest of any description of the reconstructed or purchasing or new company or demerged company or companies in lieu or in exchange for all or any of the original securities, shares or other interest and with power to retain any property
so accepted as aforesaid for any period for which the original property could have been retained; 

  

	 	8.1.4	 power to apply the Trust Fund or any part of it or the whole or any part of the income of the Trust Fund in
paying any stamp duty or stamp duty reserve tax payable in respect of any transfer of or agreement to transfer Shares to a Beneficiary; 

  

	 	8.1.5	 power to borrow moneys, for any purpose for which trust moneys may be applied under this Settlement, from any
person or company (including any member of the Group) on such terms as the Trustee may decide PROVIDED THAT any loan made to the Trustee by any member of the Group shall be on terms which are no less favourable to the Trustee than if it had
been made in a transaction made at arm’s length between persons not connected with each other; 

  

	 	8.1.6	 power to pay any duties or taxes or other fiscal impositions (together with any related interest or penalties
or surcharges) for which the Trustee may become liable and to have entire discretion as to the time and manner in which such duties taxes and fiscal impositions shall be paid and no person interested under this Deed shall be entitled to make any
claim whatsoever against the Trustee by reason of such payment; 

  

	 	8.1.7	 power to arrange for any member of the Group to account to HMRC or other authority concerned for any amounts
deducted from the sums of money paid or credited to the Trustee by any member of the Group or from or in respect of any amounts paid or property transferred by the Trustee to Beneficiaries in respect of income tax or any other deductions required by
law; 

  
 33 

	 	8.1.8	 power to delegate to any other person or persons (including any one or more of themselves) all or any of the
administrative and management functions and powers (including investment powers) vested in the Trustee either by virtue of the provisions of this Deed or by virtue of its office as Trustees PROVIDED THAT:- 

 

	 	(a)	 this power shall apply only after the Plan, having been approved by HMRC pursuant to the Schedule, is no longer
so approved; and 

  

	 	(b)	 the Trustee shall not be entitled to delegate the exercise of discretionary trusts and powers in relation to
the Trust Fund which require or empower the determination of beneficial interests in the Trust; and 

  

	 	(c)	 no such delegation shall take effect so as to divest the Trustee of any duty imposed on the Trustee by the
provisions of this Deed; and 

  

	 	(d)	 the Trustee shall remain liable for the acts and defaults of such person to the intent that Section 23 of
the Trustee Act 2000 shall not apply; 

  

	 	8.1.9	 power to convert any moneys forming part of the Trust Fund into any other property, whether income producing or
not, in particular power to acquire any property with moneys forming part of the Trust Fund or the income of the Trust Fund and to transfer such property or any part of it to any Beneficiary in exercise of the Trustee’s powers and discretions;

  

	 	8.1.10	 power to deal with the Trust Fund as if the Trustee were a sole absolute beneficial owner of the Trust Fund;

  

	 	8.1.11	 power to make any payment to any Beneficiary into such Beneficiary’s bank account and in such case the
Trustee shall be discharged from obtaining a receipt or seeing to the application of such payment; 

  

	 	8.1.12	 power to enter into any agreement or grant any option for the sale or other disposition of any shares stock or
securities comprised in the Trust Fund upon any terms and for any consideration whatsoever and power to give warranties indemnities and undertakings for the above purposes; 

 

	 	8.1.13	 power to make and to amend by resolution in writing such rules as the Trustee may in its absolute discretion
think fit for the purpose of determining the basis upon which the Trust Fund shall be paid or applied to or for the benefit of Beneficiaries; 

  

	 	8.1.14	 power in its absolute discretion to enter into any transaction with any other person or persons whether that
person or persons is or are acting in a fiduciary capacity or not (being a transaction which apart from foregoing provisions of this Deed the Trustee could properly have entered into if it or any Trustee had not also been or been interested in such
other person or persons) notwithstanding that the Trustee or any of them may also be or be interested in such other person or persons and in like manner in all respects as if the Trustee or any of them were not, or were not interested in, such other
person or persons; and 

  

	 	8.1.15	 power to agree with HMRC that, if the Market Value of any Shares falls to be determined for the purposes of the
Schedule, the Market Value of such Shares shall be determined by reference to such date or dates, or to an average of the values on a number of dates, as may be specified in such agreement. 

 

	8.2	 Each such power shall be a separate power in addition and without prejudice to the generality of all other
powers vested in the Trustee, and the Trustee may exercise all or any of the same from time to time, without the intervention of any Beneficiary, in such manner and to such extent as it shall in its absolute discretion think fit SAVE THAT the
Trustee shall not exercise any such power if or to the extent that to do so would be inconsistent with the trusts of this Deed. 

  
 34 

	8.3	 The discretions conferred upon the Trustee by this Deed or by law shall be absolute and unfettered discretions
and the Trustee shall not be obliged to give any person beneficially interested under this Settlement any reason or justification for any exercise or non-exercise of any such discretion. 

 

	9.	 PERPETUITY PERIOD 

The Perpetuity Period applicable to this Settlement shall be the period of 80 years from the date of execution of this Deed. 

 

	10.	 TRUSTEE 

  

	10.1	 Subject to the following provisions of this Clause 10, the statutory power of appointing new or additional
trustees of this Settlement shall be vested in the Company and the Company shall have the power exercisable by deed to remove any person as trustee of this Settlement and to appoint any new trustee of this Settlement in the place of such person
SAVE THAT:- 

  

	 	10.1.1	 the power conferred by this Clause 10.1 shall only be operative and capable of taking effect from the date on
which the person who is to be removed as trustee receives notice in writing of such removal and every new trustee accepts office as such new Trustee; and 

  

	 	10.1.2	 if the Company shall be the subject of a Takeover Offer which becomes or is declared unconditional in all
respects the Company shall not exercise any power to remove any person as a Trustee or to appoint a new or additional Trustee at any time within the period of thirty days beginning with the date on which such Takeover Offer becomes or is declared
unconditional in all respects. 

  

	10.2	 Every trustee of this Settlement shall be resident in the United Kingdom and the Company shall immediately
remove as a trustee of this Settlement any trustee who ceases to be resident in the United Kingdom. 

  

	10.3	 The minimum number of trustees of this Settlement shall be two individuals or a body corporate.

  

	10.4	 So long as the number of trustees of this Settlement is below the minimum number, the Trustee shall not be
entitled to exercise any discretion or power pursuant to the terms of this Deed. 

  

	10.5	 Any trustee of this Settlement may, at any time, by written notice given to the Company and to the remaining
Trustees (if any), retire from his office at the expiry of one month from the date when such notice is received by the Company or any shorter period agreed in writing by the Company PROVIDED THAT such retirement shall not take effect unless
and until immediately after it there will be as trustees of this Settlement, (whether by virtue of an appointment taking effect forthwith upon such retirement or otherwise), at least the minimum number of persons required by Clause 10.3 to be the
trustees. 

  

	10.6	 Any person who ceases to be a trustee of this Settlement shall execute and do or make all such transfers or
other documents acts or things as may be necessary for vesting the Trust Fund in the new or continuing Trustee or placing it under the control of the Trustee and shall be bound and entitled to assume that any new trustee of this Settlement is a
proper person to have been appointed PROVIDED ALWAYS that if any outgoing trustee of this Settlement is liable as Trustee for any duties or taxes or fiscal impositions (including without prejudice to the generality of the foregoing words
capital gains wealth gifts probate succession death or any other duties or taxes on capital or income) wheresoever arising and whether or not enforceable through the courts of the place where such Trustee is resident or where this Settlement is for
the time being administered then that person shall not be bound to transfer the Trust Fund as aforesaid unless reasonable security is provided for indemnifying them and their estates against such liability. 

 

	10.7	 A trust corporation or other corporate trustee may be appointed by deed to be a Trustee upon such terms as to
remuneration and otherwise as may be agreed at the time of its appointment by the person or persons making the appointment (on the one hand) and the trust corporation or other corporate trustee (on the other hand). 

  
 35 

	10.8	 The provisions of sections 37 and 39 of the Trustee Act 1925 shall apply to this Settlement as if any reference
in those sections to a trust corporation were a reference to a company or body corporate carrying on trust business. 

  

	11.	 REMUNERATION OF THE TRUSTEE 

 

	11.1	 Any Trustee, or any director or other officer of a body corporate acting as a Trustee being an individual
engaged in any profession or business, shall be entitled to be paid all usual professional or proper charges for work done by him, his firm or his company in connection with the trusts declared in this Deed, on the usual terms and conditions of such
firm or company in force from time to time including (in addition to reimbursement of such firm or company’s proper expenses, costs and other liabilities) the right to remuneration and the incidence of remuneration whether such work is in the
ordinary course of his profession or business or not, including acts which a Trustee, not being in any profession or business, could have done personally. 

  

	11.2	 Any corporate body acting as Trustee:- 

 

	 	11.2.1	 may carry out, in its own office, in connection with this Settlement, any business which by its constitution it
is authorised to undertake and in which it is then, in fact, ordinarily engaged, upon the same terms as would for the time being be made with an ordinary customer and if it is a bank, it shall be entitled to act as a banker to and make advances to
the Trustee in connection with the trusts declared in this Deed, without accounting for any profit thereby made and in all respects as if it were not a Trustee; and 

 

	 	11.2.2	 may employ as a banker or investment adviser or other agent, on behalf of this Settlement, any company, firm or
enterprise associated with it PROVIDED THAT such agent is authorised by its constitution to undertake such business and that it is, in fact, ordinarily so engaged and that all charges made by it for work done or services provided in
connection with the trusts declared in this Deed are reasonable and normal. 

  

	12.	 PERSONAL INTERESTS OF TRUSTEE 

 

	12.1	 No decision of or exercise of a power by the Trustee shall be invalidated or questioned on the grounds that the
Trustee or any individual trustee of this Settlement or any director or other officer of a body corporate acting as Trustee had an interest in a personal or fiduciary capacity in the result of any decision or in the exercising of any power and any
such person may vote in such respect and be taken into account for the purposes of a quorum notwithstanding his interest. 

  

	12.2	 A Beneficiary who is a Trustee or a director or other officer or employee of a body corporate acting as Trustee
may retain all benefits to which he becomes entitled under this Deed and shall not be liable to account for any property paid to or applied for the benefit of him or any spouse, former spouse, child (including step-child) of such Beneficiary.

  

	12.3	 Any Trustee, and any director or other officer of a body corporate acting as Trustee, shall not be precluded
from acquiring, holding or dealing with any debentures, debenture stock, shares or securities whatsoever of the Company or any Subsidiary or from entering into any contract or other transaction with the Company or such Subsidiary or being interested
in any. such contract or transaction and none of them shall be in any manner whatsoever liable to account to the Company or the Beneficiaries for any resulting profits made or benefits obtained by him or it. 

 

	12.4	 Any Trustee, or any director or other officer or any employee of a corporate body acting as Trustee, or any
associate or person or body connected with the Trustee may be employed and remunerated as a director or other officer or employee or as agent or adviser of any company, body or firm in any way connected with this Settlement or the Trust Fund and may
keep as his property (and without being liable to account therefor) any remuneration, fees or profits received by him in any such capacity, notwithstanding that his situation or office may have been obtained, held or retained by means or by reason
of his position as Trustee or as an employee or officer of a corporate trustee of the trusts declared in this Deed. 

  
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	13.	 PROTECTION OF THE TRUSTEE 

 

	13.1	 In the professed execution of the trusts and powers contained in this Deed, no Trustee, or director or other
officer of a body corporate acting as Trustee, shall be liable for any loss arising by reason of:- 

  

	 	13.1.1	 negligence or fraud of any other Trustee or director or other officer or employee of a body corporate acting as
such other Trustee; or 

  

	 	13.1.2	 any mistake or omission made in good faith by any other Trustee or any such other person; or

  

	 	13.1.3	 any other matter or thing except loss arising by reason of fraud, wilful default or negligence on the part of
the Trustee or other person who is sought to be made liable. 

  

	13.2	 The Company HEREBY COVENANTS with the Trustee and every director or other officer of a body corporate
acting as Trustee jointly and severally for themselves and as trustees for their successors in title that it will at all times after the execution of this Deed keep each of them and each of their successors in title as Trustee and each of their
estates and effects fully indemnified and saved harmless both before as well as after any removal or retirement of a trustee of this Settlement pursuant to Clause 10 against all claims, losses, demands, actions, proceedings, charges, expenses,
costs, damages, taxes, duties and other liabilities that may be suffered or incurred by it or by any of them in connection with the execution of the trusts and powers of this Deed other than liabilities arising as a consequence of fraud, wilful
misconduct or (in the case of a Trustee, or any director or other officer of a body corporate acting as Trustee, who is engaged in the business of providing a trustee service for a fee) negligence and save to the extent that any such liability is
capable of being discharged at the expense of the Trust Fund. 

  

	14.	 INFORMATION SUPPLIED BY THE COMPANY 

The Trustee shall be entitled to rely, without further enquiry, on all information supplied to it by the Company and/or any directors or
officers of the Company with regard to its duties as trustee of the trusts declared in this Deed whether or not such information is for the purposes of or relates to the operation of the Plan, and the Trustee shall not be liable to any Participant
or any member of the Group for any loss arising in consequence of the incompleteness or inaccuracy of any such information. 
  

	15.	 POWER OF MODIFICATION 

 

	15.1	 Subject to Clause 15.2, during the Trust Period, the Company shall have power, so as to bind the Trustee, to
vary, amend, modify, alter or extend the trusts, powers and provisions of this Deed in any manner and in any particular whatsoever by deed delivered to the Trustee revocable (during the Trust Period) or irrevocable, which shall be expressed to be
supplemental to this Deed, and this Deed shall then be read and construed and take effect as if the provisions of such deed were incorporated in this Deed PROVIDED THAT no exercise of these powers may:- 

 

	 	15.1.1	 amend the definition of “Beneficiary” in Clause 1.1, or amend Clauses 3.4 (accumulation), 10.3
(minimum number of trustees), 13.2 (indemnity), and this Clause 15 (modification) or the proviso to Clause 8.1.5 (borrowing) insofar as they relate to loans made by any member of the Group; 

 

	 	15.1.2	 confer on any person other than an employee or former employee of the Company or of any Subsidiary any
eligibility or entitlement to benefit; 

  

	 	15.1.3	 extend the power conferred by this Clause 15 (modification) or remove the restrictions contained in this
proviso; 

  

	 	15.1.4	 be effective to amend Clauses 10.6 (outgoing Trustee), 10.7 (appointment), 11 (remuneration), 12 (personal
interests) or 13 (protection), or otherwise to impose on the Trustee any obligations more onerous than the obligations accepted by the Trustee under this Settlement prior to such purported amendment without the prior consent of the Trustee in
writing; 

  
 37 

	 	15.1.5	 cause this Settlement to cease to be an Employees’ Share Scheme; 

 

	 	15.1.6	 reduce or adversely affect the right or interest of any Beneficiary insofar as such right or interest has been
granted, awarded or allocated pursuant to the prior exercise by the Trustee of the Trustee’s powers under this Deed; or 

  

	 	15.1.7	 adversely affect the position of the Trustee unless the Trustee gives prior written consent to such amendment.

  

	15.2	 For so long as the Plan, having been approved by HMRC pursuant to the Schedule, remains so approved, no
alteration shall be made to any key feature of this Deed without the approval of HMRC. 

  

	15.3	 Every power, authority or discretion conferred upon the Trustee or any other person and not expressly made
exercisable only during a period allowed by law shall (notwithstanding anything to the contrary expressed or implied in this Deed) only to be exercisable during the Trust Period and during such further period if any (whether definite or indefinite)
as in the case of the particular power, authority or discretion the law may allow. 

  

	16.	 PROPER LAW 

The trusts of this Settlement are established under the laws of England and Wales and subject as provided in this Deed the rights of the
Beneficiaries and the rights powers and duties of the Trustee under this Deed and the construction of every provision of this Deed shall be determined according to the laws of England and Wales. 

 

	17.	 EXCLUSIONS FROM BENEFIT 

Notwithstanding anything to the contrary expressed or implied in this Deed, no part of the Trust Fund or its income shall at any time be paid
or lent or otherwise applied nor shall any power or discretion in this Deed or by law conferred on the Trustee or on any other person in any circumstances be exercisable or exercised in any manner which causes the Company or any one or more
Subsidiaries to be in breach of section 60 of the Irish Companies Act 1963, Regulation 5(2)(c) of the European Communities (Public Limited Companies Subsidiaries) Regulations, 1997 or causes this Settlement to fall outside the provisions of
section 86 of the Inheritance Tax Act 1984. 
  

	18.	 COUNTERPARTS 

This Deed may be executed in any number of counterparts, and by the parties on separate counterparts, but shall not be effective until each
party has executed at least one counterpart. Each counterpart shall constitute an original of this Deed but all of the counterparts shall together constitute but one and the same instrument. 

 

	19.	 IRREVOCABILITY OF TRUSTS 

The trusts declared by this Deed are irrevocable. 

EXECUTED AS A DEED by the parties on the date which first appears in this Deed. 

  
 38 

			
	EXECUTED (but not delivered until dated) as	 	)
	a Deed by TOTAL PRODUCE PLC acting by:-	 	)
		 	)
		
		 	Director
		
		 	Director/Secretary
		
	EXECUTED (but not delivered until dated) as	 	)
	a Deed by COMPUTERS HARE TRUSTEES	 	)
	LIMITED acting by:-	 	)
		
		 	Director
		
		 	Director/Secretary

  
 39

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