Document:

EX-10.1

 Exhibit 10.1 
 EXECUTION COPY 
 DATED THIS 7th DAY OF JUNE 2013 

LIBERTY GLOBAL PLC 
  

 
 DEED OF ASSUMPTION

 relating to 
 Equity Incentive Plans of Liberty Global, Inc. and Virgin Media Inc. 
  

 

 DEED OF ASSUMPTION 

OF 

LIBERTY GLOBAL PLC 
 This Deed of Assumption relating to the equity incentive plans of Liberty Global, Inc., a Delaware corporation (“Liberty Global”) and Virgin Media Inc., a Delaware corporation
(“Virgin Media”), is made on 7 June 2013 by Liberty Global plc (incorporated in England and Wales with registered number 8379990) whose registered office is at 38 Hans Crescent, London, SW1X 0LZ. 

THE MERGER 

WHEREAS, the board of directors and the stockholders of Liberty Global have approved an agreement and plan of merger and
reorganization (the “Merger Agreement”) that was entered into as of February 5, 2013 (and amended March 6, 2013), providing for the combination of Liberty Global and Virgin Media under a new parent company currently called
Liberty Global Corporation Limited (the “Merger”). Pursuant to the Merger Agreement, Liberty Global and Virgin Media will become wholly owned subsidiaries of Liberty Global Corporation Limited, a private limited company incorporated
under English law which, prior to the effective time of the Merger (the “Effective Time”), re-registered as a public limited company named “Liberty Global plc” or a similar name (the “Company”) and, at the
Effective Time, became the parent company of the Liberty Global and Virgin Media group of companies; and 
 WHEREAS,
pursuant to the Merger Agreement, each issued and outstanding share of series A, B or C Liberty Global common stock will be converted, on a one-for-one basis, into the right to receive one corresponding class of A, B, or C ordinary shares of the
Company (a “Share”); and 
 THE LIBERTY GLOBAL PLANS 

WHEREAS, Liberty Global currently sponsors and maintains the following equity incentive plans pursuant to which employees and
consultants of Liberty Global and its subsidiaries and affiliates and directors of Liberty Global may be granted stock options, stock appreciation rights, restricted shares, restricted stock units, performance shares or other rights to purchase,
acquire or receive shares of Liberty Global’s common stock (or the right to receive benefits or cash amounts by reference to such shares): 
  

	 	•	 	 Liberty Global, Inc. 2005 Incentive Plan (As Amended and Restated Effective October, 31, 2006) (the “2005 Plan”)

  

	 	•	 	 Liberty Global, Inc. 2005 Nonemployee Director Incentive Plan (As Amended and Restated Effective November 1, 2006) (the “2005 NED
Plan”) 

 (The 2005 Plan and 2005 NED Plan are collectively referred to as the “Continuing
Liberty Global Plans”) 
  

	 	•	 	 Liberty Media International, Inc. Transitional Stock Adjustment Plan (the “Liberty Media Plan”) 

 

	 	•	 	 UnitedGlobalCom, Inc. Equity Incentive Plan (Amended and Restated Effective October 17, 2003) (the “UGC 2003 EIP”)

  
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	 	•	 	 UnitedGlobalCom, Inc. Stock Option Plan for Non-Employee Directors (Effective March 20, 1998; Amended and Restated January 22, 2004) (the
“UGC NED Plan”) 

 (The Liberty Media Plan, UGC 2003 EIP and UGC NED Plan are collectively
referred to as the “Remaining Liberty Global Plans”) 
 (The Continuing Liberty Global Plans and the Remaining
Liberty Global Plans are collectively referred to as the “Liberty Global Plans”); and 
 WHEREAS,
pursuant to the Merger Agreement, each award granted by Liberty Global under the Liberty Global Plans that is outstanding at the Effective Time and that relates to shares of Liberty Global common stock shall, as of the Effective Time, be converted
into a corresponding award of Shares on a one-for-one basis and such award will remain subject to the same terms and conditions as the award under the applicable Liberty Global Plan and the award agreement relating thereto immediately prior to the
Effective Time, except for such changes as are necessary to reflect the Merger and/or comply or facilitate compliance with English and/or U.S. corporate and tax law requirements (the “Assumed LGI Awards”); and 

WHEREAS, the board of directors of the Company proposes to adopt and assume the Continuing Liberty Global Plans for purposes of
granting awards over Shares following the Effective Time to eligible employees (under the 2005 Plan) and independent contractors (under Annex 2 to the 2005 Plan) of the Company and its subsidiaries and to non-employee directors of the Company (under
the 2005 NED Plan); and 
 WHEREAS, in connection with the Merger, the board of directors of Liberty Global
approved certain amendments to the Liberty Global Plans as necessary or appropriate to (i) facilitate the assumption and adoption by the Company of the Assumed LGI Awards and the Continuing Liberty Global Plans and the issuance of Shares or
rights or amounts related to Shares under the Assumed LGI Awards and future awards granted under Continuing Liberty Global Plans (rather than shares or rights or amounts related to shares of Liberty Global) by the Company, (ii) provide that the
board of directors of the Company (or an appropriate committee thereof) shall administer the Assumed LGI Awards and the Continuing Liberty Global Plans, and (iii) comply with applicable English or U.S. corporate or tax law requirements; and

 WHEREAS, the board of directors of the Company agrees that it (or an appropriate committee thereof) shall sponsor the
Continuing Liberty Global Plans and administer the Assumed LGI Awards, and that the Company will not grant new awards under the Remaining Liberty Global Plans after the Effective Time; and 

WHEREAS, the board of directors of the Company has been presented with and has approved the forms of award agreements for the
Company to use in connection with awards granted in the future under the Continuing Liberty Global Plans, such forms of award agreements being based, to the extent possible, on the forms of award agreements previously used by Liberty Global in
connection with awards granted under the Continuing Liberty Global Plans; and 
 THE VIRGIN MEDIA PLANS 

WHEREAS, Virgin Media currently sponsors and maintains the following equity incentive plans pursuant to which employees, directors
and independent contractors of Virgin Media and its divisions, parent, subsidiaries or affiliates may be granted rights to stock options, restricted stock, restricted stock units, share awards or other rights to purchase, acquire or receive shares
of Virgin Media’s common stock (or the right to receive benefits or cash amounts by reference to such shares): 
  

	 	•	 	 Amended and Restated Virgin Media 2004 Stock Incentive Plan (formerly the Amended and Restated 2004 NTL Stock Incentive Plan)

  
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	 	•	 	 Virgin Media Inc. 2004 Stock Incentive Plan (formerly known as the Telewest Global, Inc. 2004 Stock Incentive Plan) 

 

	 	•	 	 Virgin Media Inc. 2006 Stock Incentive Plan (as amended) 

 

	 	•	 	 Virgin Media Inc. 2010 Stock Incentive Plan (excluding any UK subplan) (the “Continuing Virgin Media Plan,” and collectively with the
other plans listed in this recital, the “Virgin Media Plans”); and 

 WHEREAS, Virgin
Media currently sponsors and maintains the following HM Revenue & Customs (“HMRC”) U.K. tax-qualified employee share option plans: 
  

	 	•	 	 Virgin Media Sharesave Plan (the “Sharesave”) 

 

	 	•	 	 Virgin Media Company Share Option Plan (the “CSOP”) 

(collectively, the “Qualified Virgin Media Plans”) and 

WHEREAS, pursuant to the Merger Agreement, each issued and outstanding share of Virgin Media common stock converted into the right
to receive (i) $17.50 in cash (without interest), (ii) 0.2582 of a class A Share, and (iii) 0.1928 of a class C Share (together with cash in lieu of any fractional class A Shares and class C Shares); and 

WHEREAS, pursuant to the Merger Agreement, each stock option granted by Virgin Media under the Virgin Media Plans to acquire
Virgin Media common stock will be converted into two separate options, the first to acquire 0.4123 of a class A Share for each share of Virgin Media common stock subject to the existing stock option, and the second to acquire 0.3077 of a class C
Share for each share of Virgin Media common stock subject to the existing stock option (with the applicable exercise prices adjusted) (the “Outstanding VMI Options”); and 

WHEREAS, pursuant to the Merger Agreement, certain stock units (restricted stock units and performance shares) granted by Virgin
Media under certain of the Virgin Media Plans in respect of Virgin Media common stock will be converted into stock units in respect of 0.4123 of a class A Share and 0.3077 of a class C Share for each share of Virgin Media common stock subject to the
applicable Virgin Media stock unit award (the “Outstanding VMI Stock Units”) (the Outstanding VMI Options and the Outstanding VMI Stock Units are collectively referred to as the “Assumed VMI Awards”); and

 WHEREAS, pursuant to the Merger Agreement, participants in the Sharesave and the CSOP will be offered the opportunity
to (i) exercise their Qualified Virgin Media Plans or (ii) exchange their options over Virgin Media common stock for new options over Shares at the same rate of exchange as provided in the Merger Agreement for the conversion of the
non-HMRC approved Outstanding VMI Options, and, if optionholders elect to exchange their options, the new options over Shares (the “Outstanding Tax-Qualified VMI Options”) will continue to be governed by the Sharesave and CSOP (as
appropriate); and 
 WHEREAS, the board of directors of the Company proposes to adopt and assume the Continuing Virgin
Media Plan for purposes of granting awards over Shares following the Effective Time to eligible employees of the Company and its subsidiaries; and 
 WHEREAS, in connection with the Merger, the board of directors of Virgin Media approved certain amendments to the Virgin Media Plans as necessary or appropriate to (i) facilitate the
assumption and adoption by the Company of the Assumed VMI Awards and the Continuing Virgin Media Plan with respect to the future awards granted thereunder and the issuance of Shares or rights or amounts related to

  
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Shares under the Assumed VMI Awards and future awards granted under the Continuing Virgin Media Plan (rather than shares or rights or amounts related to shares of Virgin Media) by the Company,
(ii) provide that the board of directors of the Company (or an appropriate committee thereof) shall administer the Assumed VMI Awards and the Continuing Virgin Media Plan, and (iii) comply with applicable English or U.S. corporate or tax
law requirements; and 
 WHEREAS, the board of directors of the Company agrees that it (or an appropriate committee
thereof) shall sponsor the Continuing Virgin Media Plan and administer the Assumed VMI Awards, and that the Company will not grant new awards under the Qualified Virgin Media Plans and the Virgin Media Plans other than the Continuing Virgin Media
Plan; 
 WHEREAS, the board of directors of the Company has been presented with and has approved the forms of award
agreements for the Company to use in connection with awards granted in the future under the Continuing Virgin Media Plan, such forms of award agreements being based, to the extent possible, on the forms of award agreements previously used by Liberty
Global in connection with awards granted under the Continuing Liberty Global Plans. 
 NOW THIS DEED WITNESSES AS FOLLOWS:

 The Company hereby declares, undertakes and agrees that, as of the effective time of the Merger, it shall: 

 

	 	1.	accept assignment of and adopt and assume (a) the Continuing Liberty Global Plans and Assumed LGI Awards from Liberty Global and (b) the Continuing Virgin
Media Plan and Assumed VMI Awards from Virgin Media; 

  

	 	2.	discharge all of the rights and obligations relating to sponsorship of the Continuing Liberty Global Plans and the Continuing Virgin Media Plan;

  

	 	3.	exercise all of the powers of the plan sponsor relating to (a) the Continuing Liberty Global Plans and Assumed LGI Awards that were exercised by Liberty Global
with respect to the Continuing Liberty Global Plans and Assumed LGI Awards prior to the Effective Time and (b) the Continuing Virgin Media Plan and Assumed VMI Awards that were exercised by Virgin Media with respect to the Continuing Virgin
Media Plan prior to the Effective Time; 

  

	 	4.	be bound by the terms of the Assumed LGI Awards and the Assumed VMI Awards so that the Company will be bound by the requirements, without limitation, that:

  

	 	4.1	to the extent any plan document provides for the grant, issuance, acquisition, delivery, holding or purchase of, or otherwise relates to or references, shares of
Liberty Global or Virgin Media common stock or rights to shares of Liberty Global or Virgin Media common stock (or rights to receive benefits or amounts by reference to those shares), then, pursuant to the terms hereof and thereof, such plan
document shall instead provide for the grant, issuance, acquisition, delivery, holding or purchase of, or otherwise relate to or reference, Shares or rights to Shares, as applicable (or rights to receive benefits or amounts by reference to Shares)
pursuant to the terms of the Merger Agreement; 

  

	 	4.2	 all references in the Liberty Global Plans to Liberty Global or its predecessors are hereby amended to be references to the Company, except where the
context 

  
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dictates otherwise, and all references in the Virgin Media Plans and Qualified Virgin Media Plans to Virgin Media or its predecessors are hereby amended to be references to the Company, except
where the context dictates otherwise; and 

  

	 	4.3	all references to the board of directors (or relevant committee of the board of directors) in the Liberty Global Plans and the Virgin Media Plans shall henceforth be
taken to be references to the board of directors of the Company (or relevant committee of the board of directors of the Company), except where the context dictates otherwise; 

 

	 	5.	administer the Remaining Liberty Global Plans and the Virgin Media Plans (collectively, the “Remaining Plans”) with respect to the Assumed LGI Awards
and Assumed VMI Awards, respectively, provided that: 

  

	 	5.1	any awards granted under the Remaining Plans will continue to be subject to the same terms and conditions, such as vesting schedule, restrictions and exercise price (if
applicable), as applied to such awards and rights immediately before the Merger, except as required to reflect the Merger; 

  

	 	5.3	if any benefits or amounts due pursuant to awards granted under the Remaining Plans are determined by reference to shares of Liberty Global common stock or Virgin Media
common stock, they will henceforth be determined by reference to Shares; and 

  

	 	6.	be bound by the terms of the Outstanding Tax-Qualified VMI Options so that the Company will be bound by the requirements, without limitation, that:

  

	 	6.1	to the extent any plan document provides for the grant, issuance, acquisition, delivery, holding or purchase of, or otherwise relates to or references, shares of Virgin
Media common stock or rights to shares of Virgin Media common stock (or rights to receive benefits or amounts by reference to those shares), then, pursuant to the terms hereof and thereof, such plan document shall instead provide for the grant,
issuance, acquisition, delivery, holding or purchase of, or otherwise relate to or reference, Shares or rights to Shares, as applicable (or rights to receive benefits or amounts by reference to Shares); 

 

	 	6.2	references in the rules of the Qualified Virgin Media Plans to Virgin Media common stock will be amended to be references to Shares, but references in respect of the
administration of the Qualified Virgin Media Plans will not be amended other than as required in the rules; 

  

	 	7.	sponsor and administer the Continuing Liberty Global Plans and Continuing Virgin Media Plan (collectively, the “Continuing Plans”) and be authorized to
grant new awards under the Continuing Plans following the Effective Time, provided that: 

  

	 	7.1	the aggregate number of Shares available for issuance pursuant to awards granted under the Continuing Plans shall be equal to the aggregate number of shares of Liberty
Global common stock and Virgin Media common stock authorized for grants or subject to outstanding awards granted under the applicable Continuing Plans that are not issued or delivered for any reason, as adjusted to reflect the Merger;

  
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	 	7.2	any awards granted under the Continuing Plans will be evidenced by the forms of award agreements adopted by the board of directors of the Company, which forms will be
based, to the extent possible, on the forms of award agreements previously used by Liberty Global in connection with awards granted under the applicable Continuing Plans prior to the Effective Time; 

 

	 	7.3	equity awards granted under the Continuing Virgin Media Plans that were sponsored by Virgin Media immediately prior to the Effective Time shall not be granted to
individuals who were employees or other service providers of Liberty Global and its subsidiaries immediately prior to the Effective Time. 

  

	 	8.	This Deed of Assumption shall be governed by and construed in accordance with the laws of England and Wales, without regard to conflict of laws principles.

 * * * 
 (Signature page follows.) 

  
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 IN WITNESS WHEREOF this Deed of Assumption has been executed by the Company on the date first above
written. 
  

			
	EXECUTED AS A DEED AND DELIVERED BY	 	)
	LIBERTY GLOBAL
plc                        )	 	
	acting by:	 	)

  

	
	 Authorized Signatory

	Director
	
	 Authorized Signatory

	Company Secretary

  
 8EX-10.2

 Exhibit 10.2 
 LIBERTY GLOBAL, INC. 
 2005 INCENTIVE PLAN 

(as Amended and Restated Effective June 7, 2013) 
 ARTICLE I 
 PURPOSE OF PLAN 

1.1 Purpose. The purpose of the Plan is to promote the success of the Company by providing a method whereby eligible employees of
the Company and its Subsidiaries may be awarded additional remuneration for services rendered and encouraged to acquire shares of the Company, thereby increasing their proprietary interest in the Company’s businesses, encouraging them to remain
in the employ of the Company or its Subsidiaries, and increasing their personal interest in the continued success and progress of the Company and its Subsidiaries. The Plan is also intended to aid in attracting Persons of exceptional ability to
become officers and employees of the Company and its Subsidiaries. All Awards made under the Plan may be settled in Shares only. 
 1.2 Effective Date. The Plan was originally effective May 11, 2004 (the “Effective Date”), was amended and restated effective as of March 9, 2005 with respect to Awards made
after that date, and was further amended and restated effective as of March 8, 2006 and October 31, 2006. The Plan is hereby further amended and restated effective as of June 7, 2013. 

ARTICLE II 

DEFINITIONS 
 2.1 Certain Defined Terms. Capitalized terms not defined elsewhere in the Plan shall have the following meanings (whether used in the singular or plural): 

“Act” means the U.K. Companies Act of 2006. 

“Affiliate” of the Company means any corporation, partnership or other business association that, directly or
indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with the Company. 
 “Agreement” means a share option agreement, share appreciation rights agreement, restricted shares agreement, share units agreement or an agreement evidencing more than one type of Award,
specified in Section 11.5, as any such Agreement may be supplemented or amended from time to time. 

“Approved Transaction” means any transaction in which the Board (or, if approval of the Board is not required as
a matter of law, the Shareholders) shall approve (i) any consolidation or merger of the Company, or binding share exchange, pursuant to which Shares of the Company would be changed or converted into or exchanged for cash,

 
securities, or other property (including pursuant to a scheme or arrangement sanctioned by a court under section 899 of the Act), other than any such transaction in which the Shareholders
immediately prior to such transaction have the same proportionate ownership of the shares of, and voting power with respect to, the surviving corporation immediately after such transaction, (ii) any merger, consolidation or binding share
exchange to which the Company is a party as a result of which the Persons who are Shareholders immediately prior thereto have less than a majority of the combined voting power of the outstanding capital shares of the Company ordinarily (and apart
from the rights accruing under special circumstances) having the right to vote in the election of directors immediately following such merger, consolidation or binding share exchange (including pursuant to a scheme or arrangement sanctioned by a
court under section 899 of the Act), (iii) the adoption of any plan or proposal for the liquidation or dissolution of the Company, or (iv) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions)
of all, or substantially all, of the assets of the Company. 
 “Award” means a grant of Options, SARs,
Restricted Shares, Share Units, and/or Performance Awards under the Plan. 
 “Board” means the Board of
Directors of the Company. 
 “Board Change” means, during any period of two consecutive years,
individuals who at the beginning of such period constituted the entire Board cease for any reason to constitute a majority thereof unless the election, or the nomination for election, of each new director was approved by a vote of at least
two-thirds of the directors then still in office who were directors at the beginning of the period. 

“Code” means the U.S. Internal Revenue Code of 1986, as amended from time to time, or any successor statute or
statutes thereto. Reference to any specific Code section shall include any successor section. 

“Committee” means the committee of the Board appointed pursuant to Section 3.1 to administer the Plan.

 “Company” means Liberty Global plc, a public limited company incorporated under English law.

 “Control Purchase” means any transaction (or series of related transactions) in which (i) any
person (as such term is defined in Sections 13(d)(3) and 14(d)(2) of the Exchange Act), corporation or other entity (other than the Company, any Subsidiary of the Company or any employee benefit plan sponsored by the Company or any Subsidiary of the
Company) shall purchase any Shares of the Company (or securities convertible into Shares of the Company) for cash, securities or any other consideration pursuant to a tender offer or exchange offer, without the prior consent of the Board, or
(ii) any person (as such term is so defined), corporation or other entity (other than the Company, any Subsidiary of the Company, any employee benefit plan sponsored by the Company or any Subsidiary of the Company or any Exempt Person (as
defined below)) shall become the “beneficial owner” (as such term is defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of 

  
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securities of the Company representing 20% or more of the combined voting power of the then outstanding securities of the Company ordinarily (and apart from the rights accruing under special
circumstances) having the right to vote in the election of directors (calculated as provided in Rule 13d-3(d) under the Exchange Act in the case of rights to acquire the Company’s securities), other than in a transaction (or series of related
transactions) approved by the Board. For purposes of this definition, “Exempt Person” means each of (a) the Chairman of the Board, the President and each of the directors of the Liberty Global, Inc. as of June 15, 2005, and
(b) the respective family members, estates and heirs of each of the Persons referred to in clause (a) above and any trust or other investment vehicle for the primary benefit of any of such Persons or their respective family members or
heirs. As used with respect to any Person, the term “family member” means the spouse, siblings and lineal descendants of such Person. 
 “Disability” means the inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or
which has lasted or can be expected to last for a continuous period of not less than 12 months. 
 “Dividend
Equivalents” means, with respect to Restricted Shares to be issued or transferred at the end of the Restriction Period, to the extent specified by the Committee only, an amount equal to all dividends and other distributions (or the economic
equivalent thereof) which are payable to Shareholders of record during the Restriction Period on a like number and kind of Shares. 
 “Domestic Relations Order” means a domestic relations order as defined by the Code or Title I of the U.S. Employee Retirement Income Security Act, or the rules thereunder. 

“Effective Date” has the meaning ascribed thereto in Section 1.2. 

“Equity Security” shall have the meaning ascribed to such term in Section 3(a)(11) of the Exchange Act, and
an equity security of an issuer shall have the meaning ascribed thereto in Rule 16a-1 promulgated under the Exchange Act, or any successor Rule. 
 “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended from time to time, or any successor statute or statutes thereto. Reference to any specific Exchange Act section shall
include any successor section. 
 “Fair Market Value” of a Share on any day means the last sale price
(or, if no last sale price is reported, the average of the high bid and low asked prices) for a Share on such day (or, if such day is not a trading day, on the next preceding trading day) as reported on the Nasdaq or, if not traded on the Nasdaq,
such other principal U.S. securities exchange for such security on the date of determination. If for any day the Fair Market Value of a Share is not determinable by any of the foregoing means, then the Fair Market Value for such day shall be
determined in good faith by the Committee on the basis of such quotations and other considerations as the Committee deems appropriate. 

  
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 “Free Standing SAR” has the meaning ascribed thereto in
Section 7.1. 
 “Holder” means a Person who has received an Award under the Plan. 

“Nasdaq” means the Nasdaq Global Select Market. 

“Nonqualified Stock Option” means a share option granted under Article VI. 

“Option” means a Nonqualified Stock Option. 

“Performance Award” means an Award made pursuant to Article X of the Plan to a Holder that is subject to the
attainment of one or more Performance Objectives. 
 “Performance Objective” means a standard
established by the Committee to determine in whole or in part whether a Performance Award shall be earned. 

“Person” means an individual, corporation, limited liability company, partnership, trust, incorporated or
unincorporated association, joint venture or other entity of any kind. 
 “Plan” means this Liberty
Global, Inc. 2005 Incentive Plan, as amended, adopted and assumed by the Company effective June [_], 2013. 

“Restricted Shares” means Shares or the right to receive Shares, as the case may be, awarded pursuant to Article
VIII. 
 “Restriction Period” means a period of time beginning on the date of each Award of Restricted
Shares and ending on the Vesting Date with respect to such Award. 
 “Retained Distribution” has the
meaning ascribed thereto in Section 8.3. 
 “SARs” means share appreciation rights, awarded
pursuant to Article VII, with respect to Shares. 
 “Share” means each or any (as the context may
require) class of the Company’s ordinary shares. 
 “Shareholder” means a holder of the ordinary
or preference shares of the Company, known as a “member” under English law. 
 “Share Unit
Awards” has the meaning ascribed thereto in Section 9.1. 
 “Subsidiary” of a Person means
any present or future subsidiary (as defined in Section 424(f) of the Code) of such Person or any business entity in which such Person owns, directly or indirectly, 50% or more of the voting, capital or profits interests. An entity shall be
deemed a subsidiary of a Person for purposes of this definition only for such periods as the requisite ownership or control relationship is maintained. For purposes of Section 5.1, a Subsidiary shall additionally mean a subsidiary within the
meaning of Section 1159 of the Act. 

  
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 “Tandem SARs” has the meaning ascribed thereto in
Section 7.1. 
 “Vesting Date,” with respect to any Restricted Shares awarded hereunder, means the
date on which such Restricted Shares cease to be subject to a risk of forfeiture, as designated in or determined in accordance with the Agreement with respect to such Award of Restricted Shares pursuant to Article VIII. If more than one Vesting Date
is designated for an Award of Restricted Shares, reference in the Plan to a Vesting Date in respect of such Award shall be deemed to refer to each part of such Award and the Vesting Date for such part. 

ARTICLE III 

ADMINISTRATION 
 3.1 Committee. The Plan shall be administered by the Compensation Committee of the Board unless a different committee is subsequently appointed by the Board. The Committee shall be comprised of not
less than two Persons. The Board may from time to time appoint members of the Committee in substitution for or in addition to members previously appointed, may fill vacancies in the Committee and may remove members of the Committee. The Committee
shall select one of its members as its chairman and shall hold its meetings at such times and places as it shall deem advisable. A majority of its members shall constitute a quorum and all determinations shall be made by a majority of such quorum.
Any determination reduced to writing and signed by all of the members shall be as fully effective as if it had been made by a majority vote at a meeting duly called and held. 
 3.2 Powers. The Committee shall have full power and authority to grant to eligible Persons Options under Article VI of the Plan, SARs under Article VII of the Plan, Restricted Shares under Article
VIII of the Plan, Share Units under Article IX of the Plan and/or Performance Awards under Article X of the Plan, to determine the terms and conditions (which need not be identical) of all Awards so granted, to interpret the provisions of the Plan
and any Agreements relating to Awards granted under the Plan and to supervise the administration of the Plan. The Committee in making an Award may provide for the granting or issuance of additional, replacement or alternative Awards upon the
occurrence of specified events, including the exercise of the original Award. The Committee shall have sole authority in the selection of Persons to whom Awards may be granted under the Plan and in the determination of the timing, pricing and amount
of any such Award, subject only to the express provisions of the Plan. In making determinations hereunder, the Committee may take into account the nature of the services rendered by the respective employees, their present and potential contributions
to the success of the Company and its Subsidiaries, and such other factors as the Committee in its discretion deems relevant. 

3.3 Interpretation. The Committee is authorized, subject to the provisions of the Plan, to establish, amend and rescind such rules
and regulations as it deems necessary or advisable for the proper administration of the Plan and to take such other action in connection 

  
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with or in relation to the Plan as it deems necessary or advisable. Each action and determination made or taken pursuant to the Plan by the Committee, including any interpretation or construction
of the Plan, shall be final and conclusive for all purposes and upon all Persons. No member of the Committee shall be liable for any action or determination made or taken by him or her or the Committee in good faith with respect to the Plan.

 ARTICLE IV 
 SHARES SUBJECT TO THE PLAN 
 4.1 Number of Shares; Award Limits.
Subject to the provisions of this Article IV, the maximum number of Shares with respect to which Awards may be granted during the term of the Plan shall be 50 million Shares; provided, however, that the maximum number of class B ordinary
shares, nominal value $0.01 per share, of the Company (the “Class B Shares”) with respect to which Awards may be so granted during the term of the Plan shall be 25 million Shares. Shares issued pursuant to the Plan shall be fully paid
and, to the extent permitted by the laws of England and Wales, will be made available from Shares acquired by or gifted to the Company, newly allotted and issued Shares, or Shares acquired by or issued or gifted to the trustees of an employee
benefit trust established in connection with the Plan. The Shares subject to (i) any Award granted under the Plan that shall expire, terminate or be annulled for any reason without having been exercised (or considered to have been exercised as
provided in Section 7.2), and (ii) any Award of Restricted Shares or Share Units that shall be forfeited prior to becoming vested (provided that the Holder received no benefits of ownership of such Restricted Shares or Share Units other
than voting rights and the accumulation of Retained Distributions and unpaid Dividend Equivalents that are likewise forfeited) shall again be available for purposes of the Plan. Except for Awards described in Section 11.1, and subject to
adjustment from time to time as provided in Section 4.2, (i) no Person may be granted in any calendar year Awards covering more than 4 million Shares, and (ii) no Person may be granted in any calendar year Awards covering more
than 2 million Shares of Class B Shares. 
 4.2 Adjustments. If the Company subdivides its outstanding Shares into a
greater number of Shares (by Share dividend, Share split, reclassification, alteration of capital, capitalization of profits, bonus issue or otherwise) or combines its outstanding Shares into a smaller number of Shares (by reverse Share split,
reclassification, or otherwise) or if the Committee determines that there is any variation in the share capital of the Company or that there is any Share dividend, extraordinary cash dividend, alteration of capital, capitalization of profits, bonus
issue, reclassification, recapitalization, reorganization, split-up, spin-off, combination, exchange of Shares, warrants or rights offering to purchase any class of Shares or other similar corporate event (including compromises or arrangements
sanctioned by a court under section 899 of the Act, mergers or consolidations, other than those which constitute Approved Transactions, adjustments with respect to which shall be governed by Section 11.1(b)) affects any class of Shares so that
an adjustment is required to preserve the benefits or potential benefits intended to be made available under the Plan, then the Committee, in its sole discretion and in such manner as the Committee may deem equitable and appropriate, may make such
adjustments to any or all of (i) the number and kind of Shares which thereafter may be awarded, optioned or otherwise made subject to the benefits contemplated by the Plan, (ii) the number and kind of Shares subject to outstanding Awards,
and (iii) the purchase or exercise price and the relevant 

  
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appreciation base with respect to any of the foregoing, provided, however, that the number of Shares subject to any Award shall always be a whole number. Notwithstanding the foregoing, if
all Shares of any class of Shares are redeemed, then each outstanding Award shall be adjusted to substitute for the Shares subject thereto the kind and amount of cash, securities or other assets issued or paid in the redemption of the equivalent
number of Shares of such class of Shares and otherwise the terms of such Award, including, in the case of Options or similar rights, the aggregate exercise price, and, in the case of Free Standing SARs, the aggregate base price, shall remain
constant before and after the substitution (unless otherwise determined by the Committee and provided in the applicable Agreement). 
 ARTICLE V 
 ELIGIBILITY 

5.1 General. The Persons who shall be eligible to participate in the Plan and to receive Awards under the Plan shall, subject to
Section 5.2, be such Persons who are employees (including officers and directors) of the Company or its Subsidiaries as the Committee shall select. Awards may be made to employees who hold or have held Awards under the Plan or any similar or
other awards under any other plan of the Company or any of its Affiliates. 
 5.2 Ineligibility. No member of the
Committee, while serving as such, shall be eligible to receive an Award. 
 ARTICLE VI 

STOCK OPTIONS 
 6.1 Grant of Options. Subject to the limitations of the Plan, the Committee shall designate from time to time those eligible Persons to be granted Options, the time when each Option shall be
granted to such eligible Persons, the class and number of Shares subject to such Option, and, subject to Section 6.2, the purchase price of the Shares subject to such Option. 

6.2 Option Price. The price at which Shares may be purchased upon exercise of an Option shall be fixed by the Committee and may be
no less than the Fair Market Value of the Shares subject to the Option as of the date the Option is granted. 
 6.3 Term of
Options. Subject to the provisions of the Plan with respect to death, retirement and termination of employment, the term of each Option shall be for such period as the Committee shall determine as set forth in the applicable Agreement.

 6.4 Exercise of Options. An Option granted under the Plan shall become (and remain) exercisable during the term of the
Option to the extent provided in the applicable Agreement and the Plan and, unless the Agreement otherwise provides, may be exercised to the extent exercisable, in whole or in part, at any time and from time to time during such term; provided,
however, that subsequent to the grant of an Option, the Committee, at any time before complete termination of such Option, may accelerate the time or times at which such Option may be exercised in whole or in part (without reducing the term of
such Option). 

  
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 6.5 Manner of Exercise. 

(a) Form of Payment. An Option shall be exercised by written notice to the Company upon such terms and conditions
as the Agreement may provide and in accordance with such other procedures for the exercise of Options as the Committee may establish from time to time. The method or methods of payment of the purchase price for the Shares to be purchased upon
exercise of an Option and of any amounts required by Section 11.9 shall be determined by the Committee and may consist of (i) cash, (ii) check, (iii) promissory note (subject to the Act and other applicable law), (iv) the
withholding of Shares of the applicable class of Shares issuable upon such exercise of the Option, (v) the delivery, together with a properly executed exercise notice, of irrevocable instructions to a broker to deliver promptly to the Company
the amount of sale or loan proceeds required to pay the purchase price (subject to the Act and other applicable law), or (vi) any combination of the foregoing methods of payment, or such other consideration and method of payment as may be
permitted for the issuance of Shares under the Act. The permitted method or methods of payment of the amounts payable upon exercise of an Option, if other than in cash, shall be set forth in the applicable Agreement and may be subject to such
conditions as the Committee deems appropriate. 
 (b) Value of Shares. Unless otherwise determined by the
Committee and provided in the applicable Agreement, Shares of any class of Shares delivered in payment of all or any part of the amounts payable in connection with the exercise of an Option, and Shares of any class of Shares withheld for such
payment, shall be valued for such purpose at their Fair Market Value as of the exercise date. 
 (c) Issuance
of Shares. The Company shall effect the transfer of the Shares purchased under the Option as soon as practicable after the exercise thereof and payment in full of the purchase price therefor and of any amounts required by Section 11.9, and
within a reasonable time thereafter, such transfer shall be evidenced on the books of the Company. Unless otherwise determined by the Committee and provided in the applicable Agreement, (i) no Holder or other Person exercising an Option shall
have any of the rights of a Shareholder with respect to Shares subject to an Option granted under the Plan until due exercise and full payment has been made, and (ii) no adjustment shall be made for cash dividends or other rights for which the
record date is prior to the date of such due exercise and full payment. 
 6.6 Nontransferability. Unless otherwise
determined by the Committee and provided in the applicable Agreement, Options shall not be transferable other than by will or the laws of descent and distribution or pursuant to a Domestic Relations Order, and, except as otherwise required pursuant
to a Domestic Relations Order, Options may be exercised during the lifetime of the Holder thereof only by such Holder (or his or her court-appointed legal representative). 

  
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 ARTICLE VII 
 SARS 
 7.1 Grant of SARs. Subject to the limitations of the Plan,
SARs may be granted by the Committee to such eligible Persons in such numbers, with respect to any specified class of Shares, and at such times during the term of the Plan as the Committee shall determine. A SAR may be granted to a Holder of an
Option (hereinafter called a “related Option”) with respect to all or a portion of the Shares subject to the related Option (a “Tandem SAR”) or may be granted separately to an eligible employee (a “Free Standing SAR”).
Subject to the limitations of the Plan, SARs shall be exercisable in whole or in part upon notice to the Company upon such terms and conditions as are provided in the Agreement. 

7.2 Tandem SARs. A Tandem SAR may be granted either concurrently with the grant of the related Option or at any time thereafter
prior to the complete exercise, termination, expiration or cancellation of such related Option. Tandem SARs shall be exercisable only at the time and to the extent that the related Option is exercisable (and may be subject to such additional
limitations on exercisability as the Agreement may provide) and in no event after the complete termination or full exercise of the related Option. Upon the exercise or termination of the related Option, the Tandem SARs with respect thereto shall be
canceled automatically to the extent of the number of Shares with respect to which the related Option was so exercised or terminated. Subject to the limitations of the Plan, upon the exercise of a Tandem SAR and unless otherwise determined by the
Committee and provided in the applicable Agreement, (i) the Holder thereof shall be entitled to receive, for each of the applicable classes of Shares with respect to which the Tandem SAR is being exercised, consideration (in the form determined
as provided in Section 7.4) equal in value to the excess of the Fair Market Value of a Share of the applicable class of Shares with respect to which the Tandem SAR was granted on the date of exercise over the related Option purchase price per
Share, and (ii) the related Option with respect thereto shall be canceled automatically to the extent of the number of Shares with respect to which the Tandem SAR was so exercised. 

7.3 Free Standing SARs. Free Standing SARs shall be exercisable at the time, to the extent and upon the terms and conditions set
forth in the applicable Agreement. The base price of a Free Standing SAR may be no less than the Fair Market Value of the Shares with respect to which the Free Standing SAR was granted as of the date the Free Standing SAR is granted. Subject to the
limitations of the Plan, upon the exercise of a Free Standing SAR and unless otherwise determined by the Committee and provided in the applicable Agreement, the Holder thereof shall be entitled to receive from the Company, for each Share with
respect to which the Free Standing SAR is being exercised, consideration (in the form determined as provided in Section 7.4) equal in value to the excess of the Fair Market Value of a Share with respect to which the Free Standing SAR was
granted on the date of exercise over the base price per Share of such Free Standing SAR. 
 7.4 Consideration. The
consideration to be received upon the exercise of a SAR by the Holder shall be paid in the applicable class of Shares with respect to which the SAR was granted (valued at Fair Market Value on the date of exercise of such SAR). No fractional Shares
shall be issuable upon exercise of a SAR, and unless otherwise provided in the applicable Agreement, the Holder will receive cash in lieu of any fractional Shares. Unless the Committee shall otherwise determine, to the extent a Free Standing SAR is
exercisable, it will be exercised automatically on its expiration date. 

  
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 7.5 Limitations. The applicable Agreement may provide for a limit on the amount
payable to a Holder upon exercise of SARs at any time or in the aggregate, for a limit on the time periods during which a Holder may exercise SARs, and for such other limits on the rights of the Holder and such other terms and conditions of the SAR,
including a condition that the SAR may be exercised only in accordance with rules and regulations adopted from time to time, as the Committee may determine. Unless otherwise so provided in the applicable Agreement, any such limit relating to a
Tandem SAR shall not restrict the exercisability of the related Option. Such rules and regulations may govern the right to exercise SARs granted prior to the adoption or amendment of such rules and regulations as well as SARs granted thereafter.

 7.6 Exercise. For purposes of this Article VII, the date of exercise of a SAR shall mean the date on which the Company
shall have received notice from the Holder of the SAR of the exercise of such SAR (unless otherwise determined by the Committee and provided in the applicable Agreement). 
 7.7 Nontransferability. Unless otherwise determined by the Committee and provided in the applicable Agreement, (i) SARs shall not be transferable other than by will or the laws of descent and
distribution or pursuant to a Domestic Relations Order, and (ii) except as otherwise required pursuant to a Domestic Relations Order, SARs may be exercised during the lifetime of the Holder thereof only by such Holder (or his or her
court-appointed legal representative). 
 ARTICLE VIII 

RESTRICTED SHARES 
 8.1 Grant. Subject to the limitations of the Plan, the Committee shall designate those eligible Persons to be granted Awards of Restricted Shares, shall determine the time when each such Award
shall be granted, shall determine whether Shares covered by Awards of Restricted Shares will be issued or transferred at the beginning or the end of the Restriction Period and whether Dividend Equivalents will be paid during the Restriction Period
in the event the applicable class of Shares are to be issued or transferred at the end of the Restriction Period, and shall designate (or set forth the basis for determining) the Vesting Date or Vesting Dates for each Award of Restricted Shares, and
may prescribe other restrictions, terms and conditions applicable to the vesting of such Restricted Shares in addition to those provided in the Plan. The Committee shall determine the price to be paid by the Holder for the Restricted Shares;
provided, however, that the issuance of Restricted Shares shall be made for at least the minimum consideration necessary to permit such Restricted Shares to be deemed fully paid. All determinations made by the Committee pursuant to this
Section 8.1 shall be specified in the Agreement. 
 8.2 Issuance of Restricted Shares at Beginning of the Restriction
Period. If Shares of the applicable class of Shares are issued or transferred at the beginning of the Restriction Period, the Share certificate or certificates representing such Restricted Shares shall be registered in

  
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the name of the Holder to whom such Restricted Shares shall have been awarded. During the Restriction Period, certificates representing the Restricted Shares and any securities constituting
Retained Distributions shall bear a restrictive legend to the effect that ownership of the Restricted Shares (and such Retained Distributions), and the enjoyment of all rights appurtenant thereto, are subject to the restrictions, terms and
conditions provided in the Plan and the applicable Agreement. Such certificates shall remain in the custody of the Company or its designee, and the Holder shall deposit with the custodian share powers or other instruments of assignment, each
endorsed in blank, so as to permit transfer to any employee benefit trust established by the Company or its Subsidiary or to such other entity or employee, as determined by the Committee in its sole discretion, of all or any portion of the
Restricted Shares and any securities constituting Retained Distributions that shall be forfeited or otherwise not become vested in accordance with the Plan and the applicable Agreement. 

8.3 Restrictions. Restricted Shares issued or transferred at the beginning of the Restriction Period shall constitute issued and
outstanding Shares of the applicable class of Shares for all corporate purposes. The Holder will have the right to vote such Restricted Shares, to receive and retain such dividends and distributions, as the Committee may designate, paid or
distributed on such Restricted Shares, and to exercise all other rights, powers and privileges of a Holder of Shares of the applicable class of Shares with respect to such Restricted Shares; except, that, unless otherwise determined by the
Committee and provided in the applicable Agreement, (i) the Holder will not be entitled to delivery of the Share certificate or certificates representing such Restricted Shares until the Restriction Period shall have expired and unless all
other vesting requirements with respect thereto shall have been fulfilled or waived; (ii) the Company or its designee will retain custody of the Share certificate or certificates representing the Restricted Shares during the Restriction Period
as provided in Section 8.2; (iii) other than such dividends and distributions as the Committee may designate, the Company or its designee may retain custody of all distributions (“Retained Distributions”) made or declared with
respect to the Restricted Shares (and such Retained Distributions will be subject to the same restrictions, terms and vesting, and other conditions as are applicable to the Restricted Shares) until such time, if ever, as the Restricted Shares with
respect to which such Retained Distributions shall have been made, paid or declared shall have become vested, and such Retained Distributions shall not bear interest or be segregated in a separate account; (iv) the Holder may not sell, assign,
transfer, pledge, exchange, encumber or dispose of the Restricted Shares or any Retained Distributions or his or her interest in any of them during the Restriction Period; and (v) a breach of any restrictions, terms or conditions provided in
the Plan or established by the Committee with respect to any Restricted Shares or Retained Distributions will cause a forfeiture of such Restricted Shares and any Retained Distributions with respect thereto. 

8.4 Issuance of Shares at End of the Restriction Period. Restricted Shares issued at the end of the Restriction Period shall not
constitute issued and outstanding Shares of the applicable class of Shares, and the Holder shall not have any of the rights of a Shareholder with respect to the Shares covered by such an Award of Restricted Shares, in each case until such Shares
shall have been transferred to the Holder at the end of the Restriction Period. If and to the extent that Shares are to be issued or transferred at the end of the Restriction Period, the Holder shall be entitled to receive Dividend Equivalents with
respect to the Shares covered thereby either (i) during the Restriction Period or (ii) in accordance with the rules applicable to Retained Distributions, as the Committee may specify in the Agreement. 

  
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 8.5 Completion of Restriction Period. On the Vesting Date with respect to each Award
of Restricted Shares and the satisfaction of any other applicable restrictions, terms and conditions, (i) all or the applicable portion of such Restricted Shares shall become vested and (ii) any Retained Distributions and any unpaid
Dividend Equivalents with respect to such Restricted Shares shall become vested to the extent that the Restricted Shares related thereto shall have become vested, in accordance with the terms of the applicable Agreement. Any such Restricted Shares,
Retained Distributions and any unpaid Dividend Equivalents that shall not become vested shall be forfeited and cancelled or deposited in an employee benefit trust established by the Company or its Subsidiary or to such other entity or employee as
determined by the Committee, and the Holder shall not thereafter have any rights (including dividend and voting rights) with respect to such Restricted Shares, Retained Distributions and any unpaid Dividend Equivalents that shall have been so
forfeited. The Committee may, in its discretion, provide that the delivery of any Restricted Shares, Retained Distributions and unpaid Dividend Equivalents that shall have become vested Share Unit under this Article VIII, shall be deferred until
such date or dates as the recipient may elect. Any election of a recipient pursuant to the preceding sentence shall be filed in writing with the Committee in accordance with such rules and regulations, including any deadline for the making of such
an election, as the Committee may provide, and shall be made in compliance with Section 409A of the Code. 
 ARTICLE IX

 SHARE UNITS 
 9.1 Grant. In addition to granting Awards of Options, SARs and Restricted Shares, the Committee shall, subject to the limitations of the Plan, have authority to grant to eligible Persons Awards of
Share Units which may be in the form of Shares of any specified class of Shares or units, the value of which is based, in whole or in part, on the Fair Market Value of the Shares of any specified class of Shares. Subject to the provisions of the
Plan, including any rules established pursuant to Section 9.2, Awards of Share Units shall be subject to such terms, restrictions, conditions, vesting requirements and payment rules as the Committee may determine in its discretion, which need
not be identical for each Award. The determinations made by the Committee pursuant to this Section 9.1 shall be specified in the applicable Agreement. 
 9.2 Rules. The Committee may, in its discretion, establish any or all of the following rules for application to an Award of Share Units: 

(a) Any Shares which are part of an Award of Share Units may not be assigned, sold, transferred, pledged or otherwise
encumbered prior to the date on which the Shares are issued or, if later, the date provided by the Committee at the time of the Award. 
 (b) Such Awards may provide for the payment of cash consideration by the Person to whom such Award is granted or provide that the Award, and any Shares to be issued or transferred in connection therewith,
shall be delivered without the payment of cash consideration; provided, however, that the issuance of any Shares in connection with an Award of Share Units shall be for at least the minimum consideration necessary to permit such Shares to be
deemed fully paid. 

  
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 (c) Awards of Share Units may provide for deferred payment schedules,
vesting over a specified period of employment, the payment (on a current or deferred basis) of dividend equivalent amounts with respect to the number of Shares covered by the Award, and elections by the employee to defer payment of the Award or the
lifting of restrictions on the Award, if any, provided that any such deferrals shall comply with the requirements of Section 409A of the Code. 
 (d) In such circumstances as the Committee may deem advisable, the Committee may waive or otherwise remove, in whole or in part, any restrictions or limitations to which a Share Unit Award was made
subject at the time of grant. 
 ARTICLE X 
 PERFORMANCE AWARDS 
 10.1 Designation as a Performance Award. The
Committee shall have the right to designate any Award of Options, SARs, Restricted Shares or Share Units as a Performance Award. 
 10.2 Performance Objectives. The grant or vesting of a Performance Award shall be subject to the achievement of Performance Objectives over a performance period established by the Committee based
upon one or more of the following business criteria that apply to the Holder, one or more business units, divisions or Subsidiaries of the Company or the applicable sector of the Company, or the Company as a whole, and if so desired by the
Committee, by comparison with a peer group of companies: increased revenue; net income measures (including income after capital costs and income before or after taxes); Share price measures (including growth measures and total shareholder return);
price per Share; market share; earnings per Share (actual or targeted growth); earnings before interest, taxes, depreciation, and amortization (EBITDA); economic value added (or an equivalent metric); market value added; debt to equity ratio; cash
flow measures (including cash flow return on capital, cash flow return on tangible capital, net cash flow and net cash flow before financing activities); return measures (including return on equity, return on average assets, return on capital,
risk-adjusted return on capital, return on investors’ capital and return on average equity); operating measures (including operating income, funds from operations, cash from operations, after-tax operating income; sales volumes, production
volumes and production efficiency); expense measures (including overhead cost and general and administrative expense); margins; shareholder value; total shareholder return; proceeds from dispositions; total market value and corporate values measures
(including ethics compliance, environmental and safety). Unless otherwise stated, such a Performance Objective need not be based upon an increase or positive result under a particular business criterion and could include, for example, maintaining
the status quo or limiting economic losses (measured, in each case, by reference to specific business criteria). The Committee shall have the authority to determine whether the Performance Objectives and other terms and conditions of the Award are
satisfied, and the Committee’s determination as to the achievement of Performance Objectives relating to a Performance Award shall be made in writing. 

  
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 10.3 Section 162(m) of the Code. Notwithstanding the foregoing provisions, if
the Committee intends for a Performance Award to be granted and administered in a manner designed to preserve the deductibility of the compensation resulting from such Award in accordance with Section 162(m) of the Code, then the Performance
Objectives for such particular Performance Award relative to the particular period of service to which the Performance Objectives relate shall be established by the Committee in writing (i) no later than 90 days after the beginning of such
period and (ii) prior to the completion of 25% of such period. 
 10.4 Waiver of Performance Objectives. The
Committee shall have no discretion to modify or waive the Performance Objectives or conditions to the grant or vesting of a Performance Award unless such Award is not intended to qualify as qualified performance-based compensation under
Section 162(m) of the Code and the relevant Agreement provides for such discretion. 
 ARTICLE XI 

GENERAL PROVISIONS 
 11.1 Acceleration of Awards. 
 (a) Death or
Disability. If a Holder’s employment shall terminate by reason of death or Disability, notwithstanding any contrary waiting period, installment period, vesting schedule or Restriction Period in any Agreement or in the Plan, unless the
applicable Agreement provides otherwise: (i) in the case of an Option or SAR, each outstanding Option or SAR granted under the Plan shall immediately become exercisable in full in respect of the aggregate number of Shares covered thereby;
(ii) in the case of Restricted Shares, the Restriction Period applicable to each such Award of Restricted Shares shall be deemed to have expired and all such Restricted Shares, any related Retained Distributions and any unpaid Dividend
Equivalents shall become vested; and (iii) in the case of Share Units, each such Award of Share Units shall become vested in full. 
 (b) Approved Transactions; Board Change; Control Purchase. In the event of any Approved Transaction, Board Change or Control Purchase, notwithstanding any contrary waiting period, installment
period, vesting schedule or Restriction Period in any Agreement or in the Plan, unless the applicable Agreement provides otherwise: (i) in the case of an Option or SAR, each such outstanding Option or SAR granted under the Plan shall become
exercisable in full in respect of the aggregate number of Shares covered thereby; (ii) in the case of Restricted Shares, the Restriction Period applicable to each such Award of Restricted Shares shall be deemed to have expired and all such
Restricted Shares, any related Retained Distributions and any unpaid Dividend Equivalents shall become vested; and (iii) in the case of Share Units, each such Award of Share Units shall become vested in full, in each case effective upon the
Board Change or Control Purchase or immediately prior to consummation of the Approved Transaction. Notwithstanding the foregoing, unless otherwise provided in the applicable Agreement, the Committee may, in its discretion, determine that any or all
outstanding Awards of any or all types granted 

  
 14 

 
pursuant to the Plan will not vest or become exercisable on an accelerated basis in connection with an Approved Transaction if effective provision has been made for the taking of such action
which, in the opinion of the Committee, is equitable and appropriate to substitute a new Award for such Award or to assume such Award and to make such new or assumed Award, as nearly as may be practicable, equivalent to the old Award (before giving
effect to any acceleration of the vesting or exercisability thereof), taking into account, to the extent applicable, the kind and amount of securities, cash or other assets into or for which the applicable class of Shares may be changed, converted
or exchanged in connection with the Approved Transaction. 
 11.2 Termination of Employment. 

(a) General. If a Holder’s employment shall terminate prior to an Option or SAR becoming exercisable or being
exercised (or deemed exercised, as provided in Section 7.2) in full, or during the Restriction Period with respect to any Restricted Shares or prior to the vesting or complete exercise of any Share Units, then such Option or SAR shall
thereafter become or be exercisable, such Share Units to the extent vested shall thereafter be exercisable, and the Holder’s rights to any unvested Restricted Shares, Retained Distributions, unpaid Dividend Equivalents and any such unvested
Share Units shall thereafter vest, in each case solely to the extent provided in the applicable Agreement; provided, however, that, unless otherwise determined by the Committee and provided in the applicable Agreement, (i) no Option or
SAR may be exercised after the scheduled expiration date thereof; (ii) if the Holder’s employment terminates by reason of death or Disability, the Option or SAR shall remain exercisable for a period of at least one year following such
termination (but not later than the scheduled expiration of such Option or SAR); and (iii) any termination of the Holder’s employment for cause will be treated in accordance with the provisions of Section 11.2(b). 

(b) Termination for Cause. If a Holder’s employment with the Company or a Subsidiary of the Company shall be
terminated by the Company or such Subsidiary for “cause” during the Restriction Period with respect to any Restricted Shares or prior to any Option or SAR becoming exercisable or being exercised in full or prior to the vesting or complete
exercise of any Share Unit (for these purposes, “cause” shall have the meaning ascribed thereto in any employment agreement to which such Holder is a party or, in the absence thereof, shall include insubordination, dishonesty,
incompetence, moral turpitude, other misconduct of any kind and the refusal to perform his or her duties and responsibilities for any reason other than illness or incapacity; provided, however, that if such termination occurs within 12 months
after an Approved Transaction or Control Purchase or Board Change, termination for “cause” shall mean only a felony conviction (or its equivalent under local law) for fraud, misappropriation, or embezzlement), then, unless otherwise
determined by the Committee and provided in the applicable Agreement, (i) all Options and SARs and all unvested or unexercised Share Units held by such Holder shall immediately terminate, and (ii) such Holder’s rights to all
Restricted Shares, Retained Distributions, any unpaid Dividend Equivalents shall be forfeited immediately. 

  
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 (c) Miscellaneous. The Committee may determine whether any given
leave of absence constitutes a termination of employment; provided, however, that for purposes of the Plan, (i) a leave of absence, duly authorized in writing by the Company for military service or sickness, or for any other purpose
approved by the Company if the period of such leave does not exceed 90 days, and (ii) a leave of absence in excess of 90 days, duly authorized in writing by the Company provided the employee’s right to reemployment is guaranteed either by
statute or contract, shall not be deemed a termination of employment. Unless otherwise determined by the Committee and provided in the applicable Agreement, Awards made under the Plan shall not be affected by any change of employment so long as the
Holder continues to be an employee of the Company. 
 11.3 Right of Company to Terminate Employment. Nothing contained in
the Plan or in any Award, and no action of the Company or the Committee with respect thereto, shall confer or be construed to confer on any Holder any right to continue in the employ of the Company or any of its Subsidiaries or interfere in any way
with the right of the Company or any Subsidiary of the Company to terminate the employment of the Holder at any time, with or without cause, subject, however, to the provisions of any employment agreement between the Holder and the Company or any
Subsidiary of the Company. 
 11.4 Nonalienation of Benefits. Except as set forth herein, no right or benefit under the
Plan shall be subject to anticipation, alienation, sale, assignment, hypothecation, pledge, exchange, transfer, encumbrance or charge, and any attempt to anticipate, alienate, sell, assign, hypothecate, pledge, exchange, transfer, encumber or charge
the same shall be void. No right or benefit hereunder shall in any manner be liable for or subject to the debts, contracts, liabilities or torts of the Person entitled to such benefits. 

11.5 Written Agreement. Each Award of Options shall be evidenced by a share option agreement; each Award of SARs shall be
evidenced by a share appreciation rights agreement; each Award of Restricted Shares shall be evidenced by a restricted shares agreement; each Award of Share Units shall be evidenced by a share units agreement; and each Performance Award shall be
evidenced by a performance award agreement, each in such form and containing such terms and provisions not inconsistent with the provisions of the Plan as the Committee from time to time shall approve; provided, however, that if more than one
type of Award is made to the same Holder, such Awards may be evidenced by a single Agreement with such Holder. Each grantee of an Option, SAR, Restricted Shares, Share Units or Performance Award shall be notified promptly of such grant, and a
written Agreement shall be promptly executed and delivered by the Company. Any such written Agreement may contain (but shall not be required to contain) such provisions as the Committee deems appropriate to insure that the penalty provisions of
Section 4999 of the Code will not apply to any Shares received by the Holder from the Company. Any such Agreement may be supplemented or amended from time to time as approved by the Committee as contemplated by Section 11.7(b). 

11.6 Designation of Beneficiaries. If permitted under the applicable Agreement, each Person who shall be granted an Award under
the Plan may designate a beneficiary or beneficiaries and may change such designation from time to time by filing a written designation of beneficiary or beneficiaries with the Committee on a form to be prescribed by it, provided that no such
designation shall be effective unless so filed prior to the death of such Person. 

  
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 11.7 Termination and Amendment. 

(a) General. Unless the Plan shall theretofore have been terminated as hereinafter provided, no Awards may be made
under the Plan on or after the tenth anniversary of the Effective Date. The Plan may be terminated at any time prior to the tenth anniversary of the Effective Date and may, from time to time, be suspended or discontinued or modified or amended if
such action is deemed advisable by the Committee. 
 (b) Modification. No termination, modification or
amendment of the Plan may, without the consent of the Person to whom any Award shall theretofore have been granted, adversely affect the rights of such Person with respect to such Award. No modification, extension, renewal or other change in any
Award granted under the Plan shall be made after the grant of such Award, unless the same is consistent with the provisions of the Plan. With the consent of the Holder and subject to the terms and conditions of the Plan (including
Section 11.7(a)), the Committee may amend outstanding Agreements with any Holder, including any amendment which would (i) accelerate the time or times at which the Award may be exercised and/or (ii) extend the scheduled expiration
date of the Award. Without limiting the generality of the foregoing, the Committee may, but solely with the Holder’s consent unless otherwise provided in the Agreement, agree to cancel any Award under the Plan and grant a new Award in
substitution therefor, provided that the Award so substituted shall satisfy all of the requirements of the Plan as of the date such new Award is made. Nothing contained in the foregoing provisions of this Section 11.7(b) shall be construed to
prevent the Committee from providing in any Agreement that the rights of the Holder with respect to the Award evidenced thereby shall be subject to such rules and regulations as the Committee may, subject to the express provisions of the Plan, adopt
from time to time or impair the enforceability of any such provision. 
 11.8 Government and Other Regulations. The
obligation of the Company with respect to Awards shall be subject to all applicable laws, rules and regulations, including the Act, and to such approvals by any governmental agencies as may be required, including the effectiveness of any
registration statement required under the U.S. Securities Act of 1933, and the rules and regulations of any securities exchange or association on which the Shares may be listed or quoted. For so long as any class of Shares are registered under the
Exchange Act, the Company shall use its reasonable efforts to comply with any legal requirements (i) to maintain a registration statement in effect under the Securities Act of 1933 with respect to all Shares of the applicable class that may be
issued to Holders under the Plan and (ii) to file in a timely manner all reports required to be filed by it under the Exchange Act. 
 11.9 Withholding. The Company’s obligation to deliver Shares under the Plan shall be subject to applicable national, state and local tax and employee social security contribution withholding
requirements. National, state and local withholding tax and employee social security contribution withholding due at the time of an Award, upon the exercise of any Option or SAR or upon the vesting of, or expiration of restrictions with respect to,
Restricted Shares or Share Units or the satisfaction of the Performance Objectives applicable to a Performance Award, as appropriate, may, in the discretion of the Committee, be paid through the withholding of Shares

  
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otherwise issuable to such Holder (subject to compliance with applicable law, including, but not limited to, “financial assistance” prohibitions under UK law), upon such terms and
conditions (including the conditions referenced in Section 6.5) as the Committee shall determine. If the Holder shall fail to pay, or make arrangements satisfactory to the Committee for the payment to the Company of, all such national, state
and local taxes and employee social security contributions required to be withheld by the Company, then the Company shall, to the extent permitted by law, have the right to deduct from any payment of any kind otherwise due to such Holder an amount
equal to any national, state or local taxes and employee social security contributions of any kind required to be withheld by the Company with respect to such Award. 
 11.10 Nonexclusivity of the Plan. The adoption of the Plan by the Board shall not be construed as creating any limitations on the power of the Board to adopt such other incentive arrangements as it
may deem desirable, including the granting of Share options and the awarding of Shares otherwise than under the Plan, and such arrangements may be either generally applicable or applicable only in specific cases. 

11.11 Exclusion from Pension and Profit-Sharing Computation. By acceptance of an Award, unless otherwise provided in the
applicable Agreement, each Holder shall be deemed to have agreed that such Award is special incentive compensation that will not be taken into account, in any manner, as salary, compensation or bonus in determining the amount of any payment under
any pension, retirement or other employee benefit plan, program or policy of the Company or any Subsidiary of the Company. In addition, each beneficiary of a deceased Holder shall be deemed to have agreed that such Award will not affect the amount
of any life insurance coverage, if any, provided by the Company on the life of the Holder which is payable to such beneficiary under any life insurance plan covering employees of the Company or any Subsidiary of the Company. 

11.12 Unfunded Plan. Neither the Company nor any Subsidiary of the Company shall be required to segregate any Shares which may at
any time be represented by Awards, and the Plan shall constitute an “unfunded” plan of the Company. Except as provided in Article VIII with respect to Awards of Restricted Shares and except as expressly set forth in an Agreement, no
employee shall have voting or other rights with respect to the Shares covered by an Award prior to the delivery of such Shares. Neither the Company nor any Subsidiary of the Company shall, by any provisions of the Plan, be deemed to be a trustee of
any Shares or any other property, and the liabilities of the Company and any Subsidiary of the Company to any employee pursuant to the Plan shall be those of a debtor pursuant to such contract obligations as are created by or pursuant to the Plan,
and the rights of any employee, former employee or beneficiary under the Plan shall be limited to those of a general creditor of the Company or the applicable Subsidiary of the Company, as the case may be. In its sole discretion, the Board may
authorize the creation of trusts (including, without limitation, employee benefit trusts) or other arrangements to meet the obligations of the Company under the Plan, provided, however, that the existence of such trusts or other arrangements
is consistent with the unfunded status of the Plan. 
 11.13 Governing Law. The Plan shall be governed by, and construed
in accordance with, the laws of the State of Delaware. 

  
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 11.14 Accounts. The delivery of any Shares shall be for the account of the Company or
the applicable Subsidiary of the Company, as the case may be, and any such delivery or payment shall not be made until the recipient shall have paid or made satisfactory arrangements for the payment of any applicable withholding taxes as provided in
Section 11.9. 
 11.15 Legends. Each certificate evidencing Shares subject to an Award shall bear such legends as
the Committee deems necessary or appropriate to reflect or refer to any terms, conditions or restrictions of the Award applicable to such Shares, including any to the effect that the Shares represented thereby may not be disposed of unless the
Company has received an opinion of counsel, acceptable to the Company, that such disposition will not violate any federal or state securities laws. 
 11.16 Company’s Rights. The grant of Awards pursuant to the Plan shall not affect in any way the right or power of the Company to make reclassifications, reorganizations or other changes of or
to its capital or business structure or to merge, consolidate, liquidate, sell or otherwise dispose of all or any part of its business or assets. 
 11.17 Interpretation. The words “include,” “includes,” “included” and “including” to the extent used in the Plan shall be deemed in each case to be followed
by the words “without limitation.” 
 11.18 Section 409A. Notwithstanding anything in this Plan to the
contrary, if any Plan provision or Award under the Plan would result in the imposition of an additional tax under Code Section 409A and related regulations and United States Department of the Treasury pronouncements (“Section 409A”),
that Plan provision or Award will be reformed to avoid imposition of the applicable tax and no action taken to comply with Section 409A shall be deemed to adversely affect the Holder’s rights to an Award. 

  
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 ANNEX 1 
 This Annex 1 to the Liberty Global, Inc. 2005 Incentive Plan (as Amended and Restated Effective June 7, 2013) (the “Plan”) governs Cash Awards and Awards granted under the Plan that are payable
in cash, Shares or any combination thereof. Any Awards granted pursuant to this Annex 1 are subject to all of the terms and conditions set forth in the Plan except as modified by the following provisions, which shall replace and/or supplement
certain provisions of the Plan, as indicated below. Any Award that may be settled in cash or in a combination of cash and Shares shall be granted only under an Annex to the Plan. 

ARTICLE I 

1. The following paragraph shall replace Section 1.1 of the Plan: 

1.1 Purpose. The purpose of this Annex 1 of the Plan is to promote the success of the Company by providing a method whereby
eligible Persons may be awarded additional remuneration for services rendered that are payable in cash, Shares or any combination thereof, thereby encouraging them to remain in the service of the Company or its Subsidiaries, and increasing their
personal interest in the continued success and progress of the Company and its Subsidiaries. 
 ARTICLE II 

2.1 Certain Defined Terms. Capitalized terms used in this Annex 1 shall have the same definitions as set forth in the Plan except
for the following terms: 
 “Agreement” means a share option agreement, share appreciation rights agreement,
restricted share agreement, share unit agreement, cash award agreement or an agreement evidencing more than one type of Award, specified in Section 11.5, as such Agreement may be supplemented or amended from time to time. 

“Award” means a grant of Options, SARs, Restricted Shares, Share Units, Performance Awards, Cash Awards and/or cash amounts
under the Plan. 
 “Cash Award” means an Award made pursuant to Section 10.5 of the Plan to the Holder that is
paid solely on account of attainment of one or more Performance Objectives that have been pre-established by the Committee. 

ARTICLE III 
 3.2 Powers. The following sentence shall replace the first sentence of Section 3.2 for purposes of Awards granted under this Annex 1: 

The Committee shall have full power and authority to grant to eligible Persons Options under Article VI of the Plan, SARs under Article
VII of the Plan, Restricted Shares under Article VIII of the Plan, Share Units under Article IX of the Plan, Cash Awards under this Annex 1 and Article X of the Plan and/or Performance Awards under Article X of the Plan, to determine the terms and
conditions (which need not be identical) of all Awards so granted, to interpret the 

  
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provisions of the Plan, this Annex 1 and any Agreements relating to Awards granted under the Plan, to adopt sub-plans under the Plan or special terms for Awards granted to Persons in countries
outside the United Kingdom and the United States, to enter into arrangements with the trustee of any employee benefit trust established by the Company or any of its Affiliates to facilitate the administration of Awards under the Plan, and to
supervise the administration of the Plan. 
 ARTICLE IV 

4.1 Number of Shares; Award Limits. The following paragraph shall supplement Section 4.1 for purposes of Awards granted under
this Annex 1: 
 Notwithstanding the foregoing, Shares subject to any Award of any SARs granted under the Plan that shall be
exercised for cash shall again be available for purposes of the Plan. In addition, no Person shall receive payment for Cash Awards during any calendar year aggregating in excess of $10,000,000. 

4.2 Adjustments. The following paragraph shall supplement Section 4.2 for purposes of Awards granted under this Annex 1:

 The Committee may, if deemed appropriate, provide for a cash payment to any Holder of an Award in connection with any
adjustment made pursuant to Section 4.2 
 ARTICLE V 

5.1 General. The following shall replace Section 5.1 for purposes of Awards granted under this Annex 1: 

5.1 General. The Persons who shall be eligible to participate in the Plan and to receive Awards under the Plan shall, subject to
Section 5.2, be such employees (including officers and directors) of the Company or its Subsidiaries or such other Persons eligible under Annex 2 as the Committee shall select. Awards may be made to Persons who hold or have held Awards under
the Plan or any similar or other awards under any other plan of the Company or any of its Affiliates. For purposes of this Section 5.1, Subsidiary shall mean a subsidiary within the meaning of Section 1159 of the Act. 

ARTICLE VII 
 7.4 Consideration. The following paragraph shall supplement Section 7.4 for purposes of Awards granted under this Annex 1: 
 Notwithstanding the foregoing, the Committee may permit the Holder of a SAR who is not subject to United States federal income tax to be paid consideration in the form of cash, or a combination of cash
and the applicable class of Shares with respect to which the SAR was granted. 

  
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 ARTICLE VIII 
 8.3 Restrictions. The last three sentences of Section 8.3 shall be deleted for purposes of Awards granted under this Annex 1. 

8.5 Completion of Restricted Period. The following clause (iii) shall supplement the first sentence of Section 8.5 for
purposes of Awards granted under this Annex 1: 
 and (iii) any cash amount to be received by the Holder with respect to
such Restricted Shares shall become payable, all in accordance with the terms of the applicable Agreement. 
 8.5 Completion
of Restricted Period. The following paragraph shall supplement Section 8.5 for the purposes of Awards granted under this Annex 1: 
 The Committee may, in its discretion, provide that the delivery of any payment of any cash amounts related to Restricted Shares, Retained Distributions and any unpaid Dividend Equivalents that have become
vested shall be deferred until such date or dates as the recipient may elect. 
 8.6 Cash Payments. The following
Section 8.6 shall supplement Article 8 for purposes of Awards granted under this Annex 1: 
 8.6 Cash Payments. In
connection with any Award of Restricted Shares, an Agreement may provide for the payment of a cash amount to the Holder of such Restricted Shares after such Restricted Shares shall have become vested. Such cash amounts shall be payable in accordance
with such additional restrictions, terms and conditions as shall be prescribed by the Committee in the Agreement and shall be in addition to any other salary, incentive, bonus or other compensation payments which such Holder shall be otherwise
entitled or eligible to receive from the Company. 
 ARTICLE X 

10.2 Designation as a Performance Award. The following sentence shall supplement Section 10.2 for purposes of Awards granted
under this Annex 1: 
 All Cash Awards shall be designed as Performance Awards. 

10.5 Cash Awards. The following Section 10.5 shall supplement Article 10 for purposes of Awards granted under this Annex 1:

 10.5 Cash Awards. In addition to granting Options, SARs, Restricted Shares and Share Units, the Committee shall,
subject to the limitations of the Plan and this Annex 1, have authority to grant to eligible Persons Cash Awards. Each Cash Award shall be subject to such terms and conditions, restrictions and contingencies as the Committee shall determine.
Restrictions and contingencies limiting the right to receive a cash payment pursuant to a Cash Award shall be based upon the achievement of single or multiple Performance Objectives over a performance period established by the Committee. The
determinations made by the Committee pursuant to this Section 10.5 and this Annex 1 shall be specified in the applicable Agreement. 

  
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 ARTICLE XI 
 11.1(a) Death or Disability. The following sentence shall supplement Section 11.1(a) for purposes of Awards granted under this Annex 1: 

Upon the deemed expiration of the Restriction Period applicable to each such Award of Restricted Shares in connection with the
Holder’s termination of employment by reason of death or Disability, any related cash amounts payable pursuant to the applicable Agreement shall be adjusted in such manner as may be provide in the Agreement. 

11.1(b) Approved Transactions; Board Change; Control Purchase. The following paragraph shall supplement Section 11.1(b) for
purposes of Awards granted under this Annex 1: 
 Upon the deemed expiration of the Restriction Period applicable to each such
Award of Restricted Shares in connection with any Approved Transaction, Board Change or Control Purchase, unless the applicable Agreement provides otherwise, any related cash amounts payable pursuant to the applicable Agreement shall be adjusted in
such manner as may be provided in the Agreement. The effect, if any, on a Cash Award of an Approved Transaction, Board Change or Control Purchase shall be prescribed in the applicable Agreement. 

11.2(a) General. The following paragraph shall supplement Section 11.2(a) for purposes of Awards granted under this Annex 1:

 If the Holder’s employment shall terminate during the Restriction Period with respect to any Restricted Shares, the
Holder’s rights to any related cash amounts shall thereafter vest solely to the extent provided in the applicable Agreement. The effect on a Cash Award of the termination of a Holder’s employment for any reason, other than for cause, shall
be prescribed in the applicable Agreement. 
 11.2(b) Termination for Cause. The following paragraph shall supplement
Section 11.2(b) for purposes of Awards granted under this Annex 1: 
 If the Holder’s employment with the Company or a
Subsidiary shall be terminated by the Company or the Subsidiary for “cause” (as defined in Section 11.2(b) of the Plan), then, unless otherwise determined by the Committee and provided in the applicable Agreement, all (i) unpaid
Cash Awards held by such Holder shall immediately terminate, and (ii) all cash amounts related to Restricted Shares shall be forfeited immediately. 
 11.5 Written Agreement. The following paragraph shall supplement Section 11.5 for the purposes of Awards granted under this Annex 1: 

Each Cash Award shall be evidenced by a cash award agreement in such form and containing such terms and provisions not inconsistent with
the provisions of the Plan as the Committee from time to time shall approve. If more than one type of Award is granted to the one Holder, the cash award agreement may be separate from the Agreements evidencing such other types of Awards or may
evidence the other types of Awards granted to such Holder. Any such Agreement may contain such provisions as the Committee deems appropriate and may be supplemented or amended from time to time as approved by the Committee and contemplated by
Section 11.7(b). 

  
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 11.9 Withholding. The following sentence shall supplement Section 11.9 for
purposes of Awards granted under this Annex 1: 
 The foregoing powers of the Company and the Committee with respect to
withholding for taxes shall apply to Cash Awards or cash amounts paid in settlement of any Award (or portion thereof) under the Plan. 
 11.12 Unfunded Plan. The following sentence shall supplement Section 11.12 for purposes of Awards granted under this Annex 1: 

Neither the Company nor any Subsidiary of the Company shall be required to segregate any cash which may at any time be represented by
Awards, and the Plan shall constitute an “unfunded” plan for the Company. 
 11.14 Accounts. The following
sentence shall supplement Section 11.14 for purposes of Awards granted under this Annex 1: 
 The payment of any cash amounts payable in
respect of an Award shall be for the account of the Company or the applicable Subsidiary of the Company, as the case may be, and any such payment shall not be made until the recipient shall have paid or made satisfactory arrangements for the payment
of any applicable taxes as provided in Section 11.9. 

  
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 ANNEX 2 
 This Annex 2 to the Liberty Global, Inc. 2005 Incentive Plan (as Amended and Restated Effective June 7, 2013) (the “Plan”) governs Awards granted to independent contractors under the Plan or
Annex 1. Any Awards granted pursuant to this Annex 2 are subject to all of the terms and conditions set forth in the Plan and Annex 1, as applicable, except as modified by the following provisions, which shall replace and/or supplement certain
provisions of the Plan and Annex 1, as indicated below. 
 ARTICLE I 

The following paragraph shall replace Section 1.1 of the Plan: 
 1.1 Purpose. The purpose of this Annex 2 of the Plan is to promote the success of the Company by providing a method whereby independent contractors providing services to the Company and its
Subsidiaries may be awarded additional remuneration for services rendered and encouraged to invest in capital shares of the Company, thereby increasing their proprietary interest in the Company’s businesses, encouraging them to remain in the
service of the Company or its Subsidiaries, and increasing their personal interest in the continued success and progress of the Company and its Subsidiaries. The Plan is also intended to aid in inducing independent contractors to agree to provide
services to the Company and its Subsidiaries. 
 ARTICLE III 

3.2 Powers. The following sentence shall supplement Section 3.2 for purposes of Awards granted under this Annex 2:

 In making determinations hereunder, the Committee may take into account the nature of the services rendered by the
independent contractors, their present and potential contributions to the success of the Company and its Subsidiaries, and such other factors as the Committee in its discretion deems relevant. 

ARTICLE V 

5.1 General. The following shall replace Section 5.1 for purposes of Awards granted under this Annex 2: 

5.1 General. The Persons who shall be eligible to participate in the Plan to receive Awards under the Plan and Annex 1 shall,
subject to Section 5.2, be such Persons who are independent contractors of the Company or its Subsidiaries as the Committee shall select. Awards may be made to independent contractors who hold or have held Awards under the Plan or Annex 1 or
any similar or other awards under any other plan of the Company or any of its Affiliates. For purposes of this Section 5.1, Subsidiary shall mean a subsidiary within the meaning of Section 1159 of the Act. 

  
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 ARTICLE VI 
 6.3 Term of Options. References in Section 6.3 to “employment” shall be replaced with references to “service” for purposes of Awards granted under this Annex 2. 

ARTICLE VII 
 7.1 Grant of SARs. References in Section 7.1 to “employee” shall be replaced with references to “independent contractor” for purposes of Awards granted under Annex 2.

 ARTICLE IX 
 9.2 Rules. References in Section 9.2(c) to “employee” shall be replaced with references to “independent contractor” for purposes of Awards granted under this Annex 2.

 ARTICLE XI 
 11.1(a) Death or Disability. References in Section 11.1(a) to “employment” shall be replaced with references to “service” for purposes of Awards granted under this Annex 2.

 11.2 Termination of Service. References in Section 11.2(a)–(c) to “employment” shall be replaced
with references to “service” and references in Section 11.2(c) to “employee” shall be replaced with references to “independent contractor” for purposes of Awards granted under this Annex 2. 

11.3 Right of Company to Terminate Service. References in Section 11.3 to “employment” and “employ” shall
be replaced by references to “service” for purposes of Awards granted under this Annex 2. 
 11.12 Unfunded
Plan. References in Section 11.12 to “employee” shall be replaced by references to “independent contractor” for purposes of Awards granted under this Annex 2, provided, however, that references to an
“employee benefit trust” shall remain unchanged. 

  
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