Document:

EX-4.1

Exhibit 4.1

FURNITURE BRANDS INTERNATIONAL, INC.

2008 INCENTIVE PLAN

ARTICLE I

ESTABLISHMENT

1.1 Purpose. The purpose of the Furniture Brands International 2008 Incentive Plan (the
“Plan” or “Incentive Plan”) is to enhance Company performance by motivating, attracting, and
retaining key employees and non-employee directors through the issuance of equity and cash
awards. This Plan is intended to supersede the 1999 Furniture Brands Long Term Incentive Plan and
no new awards will be made under such prior plan after the effective date of this Plan.

1.2 Effective Date. The Plan shall be effective as of the date the stockholders of the
Company approve the Plan.

ARTICLE II

DEFINITIONS

          As used in this Plan, the following terms shall be defined as set forth below:

2.1 “Award” means any Short- or Long-Term Incentive, Stock Option, SAR, Restricted Share,
Restricted Share Unit, or Performance Share or Performance Unit award granted or payable under the
Plan.

2.2 “Award Agreement” means an agreement, certificate, resolution or other form of
writing or other evidence approved by the Committee that sets forth the terms and conditions of an
Award. An Award Agreement may be in an electronic medium, may be limited to a notation on the
Company’s books and records and, if approved by the Committee, need not be signed by a
representative of the Company or a Participant.

2.3 “Board” means the Board of Directors of the Company.

2.4 “Cause” means (a) a Participant’s conviction of any crime (whether or not involving
the Company) constituting a felony in the jurisdiction involved; (b) conduct of a Participant
related to the Participant’s employment for which either criminal or civil penalties against the
Participant or the Company may be sought; (c) material violation of the Company’s policies,
including the disclosure or misuse of confidential information, or those set forth in Company
manuals or statements of policy; or (d) serious neglect or misconduct in the performance of a
Participant’s duties for the Company or willful or repeated failure or refusal to perform such
duties.

          Any rights the Company may have in respect of the events giving rise to Cause shall be in
addition to the rights the Company may have under any other agreement with a Participant or at law
or in equity. Any determination of whether a Participant’s
employment is (or is deemed to have been) terminated for Cause shall be made by the Committee
in its sole discretion, which determination shall be final and binding on all parties. If,
subsequent to a Participant’s termination of employment (whether voluntary or involuntary) without
Cause, it is discovered that the Participant’s employment could have been terminated for Cause,
such Participant’s employment shall be deemed to have been terminated for Cause. A Participant’s
termination of employment for Cause shall be effective as of the date of the occurrence of the
event giving rise to Cause, regardless of when the determination of Cause is made.

2.5 “Change in Control” means the first to occur of any of the following events:

	 	(i)	 	any person is or becomes the beneficial owner, directly or indirectly, of
securities of the Company (not including in the securities beneficially owned by such
person any securities acquired directly from the Company or its affiliates, other than
in connection

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	 	 	 	with the acquisition by the Company or its affiliates of a business)
representing 35% or more of either the then outstanding shares of common stock of the
Company or the combined voting power of the Company’s then outstanding securities; or
	 
	 	(ii)	 	the majority of the members of the Board is replaced during any 12-month period
by directors whose appointment or election is not endorsed by a majority of the members
of the Board prior to the date of the appointment or election; or
	 
	 	(iii)	 	the consummation of a merger or consolidation of the Company with any other
entity, other than (a) a merger or consolidation which would result in the voting
securities of the Company outstanding immediately prior to such merger or consolidation
continuing to represent (either by remaining outstanding or by being converted into
voting securities of the surviving entity or any parent thereof), in combination with
the ownership of any trustee or other fiduciary holding securities under an employee
benefit plan of the Company, 60% or more of the combined voting power of the voting
securities of the Company or such surviving entity or any parent thereof outstanding
immediately after such merger or consolidation, or (b) a merger or consolidation
effected to implement a recapitalization of the Company (or similar transaction) in
which no person is or becomes the beneficial owner, directly or indirectly, of
securities of the Company (not including in the securities beneficially owned by such
person any securities acquired directly from the Company or its affiliates, other than
in connection with the acquisition by the Company or its affiliates of a business)
representing 50% or more of either the then outstanding shares of common stock of the
Company or the combined voting power of the Company’s then outstanding securities; or
	 
	 	(iv)	 	the stockholders of the Company approve a plan of complete liquidation or
dissolution of the Company or an agreement for the sale or disposition by the Company
of all or substantially all of the Company’s assets, other than a sale or disposition
by the Company of all or substantially all of the Company’s assets to an entity, 60% or
more of the combined voting power of the voting securities of which is owned by persons
in substantially the same proportions as their ownership of the Company immediately
prior to such sale.

          Notwithstanding the foregoing, no “Change in Control” shall be deemed to have occurred if
there is consummated any transaction or series of integrated transactions immediately following
which the record holders of the common stock of the Company immediately prior to such transaction
or series of transactions continue to have substantially the same proportionate ownership in an
entity which owns all or substantially all of the assets of the Company immediately following such
transaction or series of transactions.

          For purposes of this Section, “beneficial ownership” shall be determined in accordance with
Rule 13d-3 under the Securities Exchange Act of 1934, as amended.

2.6 “Code” means the U.S. Internal Revenue Code of 1986, as amended from time to time.

2.7 “Committee” means the committee of the Board described in Section 4.1.

2.8 “Company” means Furniture Brands International, Inc., a Delaware corporation, or any
successor corporation.

2.9 “Covered Employee” shall have the meaning as set forth in Code Section 162(m).

2.10 “Disability” means that a Participant is permanently and totally disabled and unable
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 twelve months. The existence of a Disability shall be
determined by the Committee in its sole

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discretion. 

2.11 “Employee” means any person, including an officer, employed by the Company or a
Subsidiary as an employee. The Company’s employment classification of an individual shall be
binding and controlling for all purposes of the Plan and shall apply irrespective of any contrary
employment classification of such individual by the Internal Revenue Service, a court of competent
jurisdiction or any other person or entity.

2.12 “Fair Market Value” means the fair market value of the Shares as determined by the
Committee from time to time. Unless otherwise determined by the Committee, the fair market value
shall be the closing price for the Shares reported on the New York Stock Exchange on the relevant
date or, if there were no sales on such date, the closing price on the nearest following date on
which sales occurred.

2.13 “Grant Date” means the date specified by the Committee on which a grant of an Award
shall become effective, which date shall not be earlier than the date on which the Committee takes
action creating the legally binding right constituting the Award

2.14 “Incentive Stock Option” means any Option that is intended to qualify as an “incentive
stock option” under Code Section 422 or any successor provision. Only Participants who are
employees of the Company or a Subsidiary may receive Incentive Stock Options.

2.15 “Long-Term Incentive” means an incentive payment described in Section 8.1.

2.16 “Non-Employee Director” means a director of the Company who is not an active employee
of the Company or a Subsidiary.

2.17 “Nonqualified Stock Option” means an Option that is not intended to qualify as an
Incentive Stock Option.

2.18 “Option” or “Stock Option” means any option to purchase Shares granted under
Article VI.

2.19 “Participant” means an Employee or Non-Employee Director who is selected by the
Committee to receive benefits under this Plan.

2.20 “Performance Award” means an Award of “Performance Shares” or “Performance Units”
granted pursuant to Article V that is contingent upon the satisfaction of one or more Performance
Objectives. Each Performance Share or Performance Unit shall have an initial value equal to the
Fair Market Value of one Share.

2.21 “Performance Objectives” has the meaning set for in Article XII.

2.22 “Performance Period” means a period of time established by the Committee during which
the attainment of Performance Objectives relating to an Award are to be achieved.

2.23 “Qualified Performance-Based Award” means an Award or portion of an Award that is
intended to satisfy the requirements for “qualified performance-based
compensation” under Code Section 162(m). The Committee shall designate any Qualified
Performance-Based Award as such at the time of grant.

2.24 “Restricted Shares” means an award of Shares granted pursuant to Article VIII that are
subject to a substantial risk of forfeiture.

2.25 “Restricted Share Units” means an award of a contractual right granted pursuant to
Article VII to receive a specified number of Shares or cash at the end of a specified deferral
period. Each Restricted Share Unit shall have an initial value equal to the Fair Market Value of
one Share.

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2.26 “Restriction Period” means that time from the Grant Date during which a grant of
Restricted Shares or Restricted Share Units shall be subject to a “substantial risk of forfeiture”
pursuant to Section 7.5.

2.27 “Retirement” means a Participant’s termination of employment on or after attaining age
55 and completing 5 years of service with the Company.

2.28 “Shares” means shares of the Common Stock of the Company, no par value.

2.29 “Short Term Incentive” means an incentive payment described in Section 8.1.

2.30 “SAR” means an award of a contractual right granted pursuant to Article VI to receive
an amount equal to the appreciation in the Company’s Shares from the Grant Date. Acronym for Stock
Appreciation Right.

2.31 “Stock Option” see Option

2.32 “Subsidiary” means a corporation in which the Company owns or controls directly or
indirectly more than 50% of the total combined voting power represented by all classes of stock
issued by such corporation at the time of such grant.

ARTICLE III

SHARES AVAILABLE UNDER THE PLAN

3.1 Reserved Shares. Subject to adjustment as provided in Section 3.5, the maximum
number of Shares that may be issued or transferred pursuant to this Plan shall not exceed 1,800,000
Shares. Such Shares may be Shares of original issuance, Shares held in treasury, or Shares that
have been reacquired by the Company.

3.2 Grant Maximums. In no event shall the total number of Shares issued upon the
exercise of Stock Options and stock-settled SARs exceed 1,200,000 Shares; nor shall the total
number of Shares granted in association with any award other than a Stock Option or SAR exceed
600,000 Shares; nor shall the total number of Shares
granted to Employees in association with any non-performance award of time-based Restricted Shares
that are subject to any restrictions or minimum vesting periods exceed 80,000 shares; with all such
limits subject to adjustment as provided in Section 3.4.

3.3 Maximum Calendar Year Award. No Employee may receive Awards representing more than
400,000 Shares or $4,000,000 in any one calendar year, subject to adjustment as provided in
Section 3.4. The maximum number of Shares that may be granted in the aggregate to Non-Employee
Directors for all types of Awards shall not exceed 100,000 Shares in any one calendar year. The
maximum number of Shares that may be granted in the aggregate to Employees for all types of Awards
shall not exceed 600,000 Shares in any one calendar year, net of adjustment for forfeited and
unused Shares as provided in Section 3.7.

3.4 Adjustments to Maximum Limits. The maximum Awards provided in Sections 3.2 and 3.3
above are subject to Authorization Adjustments as provided in Section 3.5.

3.5 Authorization Adjustments. The Committee shall make such adjustments in (a)
the number of Shares covered by outstanding Awards granted hereunder, (b) prices per share
applicable to outstanding Options and SARs, and (c) the kind of shares covered thereby (including
shares of another issuer), as the Committee determines to be equitable in order to prevent dilution
or enlargement of the rights of Participants that otherwise would result from any stock dividend,
stock split, combination or exchange of Shares, reorganization, partial or complete liquidation or
other distribution of assets (other than a normal cash dividend), recapitalization or other change
in the capital structure of the Company, or other corporate transaction or event having an effect
similar to any of the foregoing. Adjustments under

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this Section 3.5 shall be made by the
Committee, whose determinations with regard thereto shall be final and binding upon all persons.

3.6 Fractional Shares. The Company shall not be required to issue any fractional Shares
pursuant to this Plan. The Committee may provide for the elimination of fractions or for the
settlement thereof in cash.

3.7 Unused and Forfeited Shares. If any Award expires, terminates, or is terminated for
any reason before exercise or vesting in full, the Shares that were subject to the unexercised,
forfeited, expired or terminated portion of such Incentive Award shall be available for future
grants of Awards under the Plan. Notwithstanding any provision of the Plan to the contrary,
liberal share counting is not permitted under the Plan such that no Shares derived from any of the
following circumstances may be added to the Plan’s reserve of shares: (i) shares tendered in
payment of an Option, (ii) shares withheld for taxes, (iii) shares repurchased by the Corporation
using Option proceeds, or (iv) SARs settled in Stock when only the shares delivered are counted
against the Plan reserve.

ARTICLE IV

PLAN ADMINISTRATION

4.1 Board Committee Administration. This Plan shall be administered by the Human
Resource Committee of the Board (or such other Committee appointed by the Board from among its
Non-Employee Directors), provided that, except with respect to any Qualified Performance-Based
Award, the full Board may act at any time as the Committee. Notwithstanding the foregoing, the
full Board shall be responsible for the administration of Awards to Non-Employee Directors.

4.2 Duties and Powers. The Committee shall have the full power and discretion to
determine the Participants eligible to receive Awards and the type, size and conditions of such
Awards, and to administer, construe, and apply the provisions of the Plan and any Award.

4.3 Committee Delegation. The Committee may delegate to one or more officers of the
Company the authority to grant Awards to Participants who are not Covered Employees of the Company;
provided that the Committee shall determine a limit for the total number of shares of Stock subject
to such delegated grants.

4.4 Determinations Binding. All actions taken or determinations made by the Committee,
in good faith, with respect to the Plan, an Award or any Award Agreement shall not be subject to
review by anyone, but shall be final, binding and conclusive upon all persons interested in the
Plan or any Award. No member of the Committee shall be liable to any person for any such action
taken or determination made in good faith.

ARTICLE V

PERFORMANCE AWARDS

5.1 General. The Committee may from time to time authorize grants to Participants of
Performance Awards upon such terms and conditions as the Committee may determine in accordance with
provisions of this Article V. Performance Awards shall be evidenced by an Award Agreement
containing such terms and provisions as the Committee may determine consistent with this Plan

5.2 Incentive Opportunity. Prior to the beginning of each Performance Period, the
Committee shall specify the value of the opportunity subject to the number of Performance Shares or
Performance Units to which the Performance Award pertains.

5.3 Performance Period. The Performance Period with respect to each Performance Award
shall commence and end as of the dates determined by the Committee under the terms of the
applicable Award Agreement.

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5.4 Performance Objectives. Each Performance Award shall specify the Performance
Objectives that must be achieved before such Award shall become vested and payable. The Committee
may adjust such Performance Objectives as provided in Section 12.2. The Committee shall specify a
minimum acceptable level of achievement of the specified Performance Objectives, below which no
payment will be made and a highest level of achievement of the specified Performance Objectives
that determines the maximum payment that will be made. The Committee may also set forth a formula
for determining the amount of payment to be made between the minimum and maximum levels of
achievement.

5.5 Payment in Cash or Shares. The amount payable upon the completion of the Performance
Period and the achievement of the Performance Objectives with respect to any Performance Award
shall be specified in the Award Agreement and may be paid by the Company in cash, Shares or any
combination thereof and may either grant to the Participant or reserve to the Committee the right
to elect among those alternatives. The final determination of the payment in cash or Shares will
be made at the end of the Performance Period at the sole discretion of the Committee. Payment with
respect to any Performance Award shall be made within 60 days after the end of the applicable
Performance Period.

5.6 Dividend Equivalents. Prior to the expiration of a Performance Period and payment of
any Shares or cash earned with respect to a Performance Award, no dividend equivalents shall be
paid or payable with respect to such Award.

5.7 Effect of Termination of Employment.

	 	(i)	 	Unless otherwise specified by the Committee, in the event that the employment
of a Participant shall terminate for any reason other than Retirement, Cause,
Disability or death prior to the payment of any Performance Award granted to such
Participant, all Performance Awards that have not paid as of the date of such
termination shall be forfeited.
	 
	 	(ii)	 	Unless otherwise specified by the Committee, in the event that the employment
of a Participant with the Company shall terminate on account of the Retirement, death,
or Disability of the Participant prior to the payment of any Performance Award granted
to such Participant, a pro rata portion of such Performance Award shall be payable to
such Participant within 60 days following the end of the applicable Performance
Period. The amount payable pursuant to the preceding sentence shall be determined by
measuring actual achievement versus the Performance Objectives for the full Performance
Period, and by multiplying that earned amount by a fraction, the numerator of which
shall be the number of full months that have elapsed in the applicable Performance
Period prior to the Participant’s termination of employment and the denominator of
which shall be the total number of months in the Performance Period.
	 
	 	(iii)	 	In the event of the termination of a Participant’s employment for Cause, all
outstanding Performance Awards granted to such Participant shall be forfeited.

5.8 Effect of Change in Control. Unless otherwise specified by the Committee, any
unvested Performance Awards shall be payable to such Participant within thirty days following a
Change in Control. The amount payable pursuant to the preceding sentence shall be determined by
determining the actual achievement versus the Performance Objectives to date of the Change in
Control, and paid out by multiplying that earned amount by a fraction, the numerator of which shall
be the number of full months that have elapsed in the applicable Performance Period prior to the
Change in Control and the denominator of which shall be the total number of months in the
Performance Period.

ARTICLE VI

OPTIONS AND SARS

6.1 General. The Committee may from time to time authorize grants to Participants of
Options

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and/or SARs upon such terms and conditions as the Committee may determine in accordance
with provisions of this Article VI. Options and SARs shall be evidenced by an Award Agreement
containing such terms and provisions as the Committee may determine consistent with this Plan.

6.2 Number of Options or SARs. Each grant shall specify the number of Shares subject to
the Option or SAR.

6.3 Exercise Price. Each grant shall specify an exercise price per Option Share or SAR,
provided that in no event shall the exercise price be less than the Fair Market Value per Share on
the Grant Date (or, in the case of an Incentive Stock Option for a Participant possessing more than
10% of the voting power of all classes of stock of the Company, less than 110% of the Fair Market
Value per Share on the Grant Date).

6.4 Consideration. The form of consideration to be paid in satisfaction of the exercise
price of an Option and the manner of payment of such consideration may include, as determined by
the Committee: (i) cash in the form of currency or check or other cash equivalent acceptable to the
Company, (ii) nonforfeitable, unrestricted Shares owned by the Participant which have a value at
the time of exercise that is equal to the option price, (iii) any other legal consideration that
the Committee may deem appropriate, on such basis as the Committee shall determine in accordance
with this Plan, or (iv) any combination of the foregoing. The method of payment shall be specified
in the Award Agreement. Notwithstanding the foregoing, to the extent permitted by applicable law,
any grant may provide for payment of the exercise price of an Option from the proceeds of sale
through a bank or broker on the date of exercise of some or all of the Shares to which the exercise
relates.

6.5 Exercise of SARs. Upon exercise of a SAR, a Participant shall be entitled to receive
payment from the Company in an amount determined by multiplying (i) the difference between the Fair
Market Value of a Share on the date of exercise over the exercise price, times (ii) the number
of Shares with respect to which the SAR is exercised. The Award Agreement for the grant may
specify that the amount payable upon the exercise of a SAR may be paid by the Company in cash,
Shares or any combination thereof and may either grant to the Participant or reserve to the
Committee the right to elect among those alternatives.

6.6 Performance-Based Options and SARs. Any grant of an Option or SAR may specify
Performance Objectives that must be achieved as a condition to vesting and/or exercise of the
Option or SAR.

6.7 Vesting. Each Option or SAR grant may specify the conditions that must be satisfied
before the Options or SARs (or installments thereof) shall become vested and exercisable, provided
however, no Option or SAR award may become exercisable in full until three years from the date such
Stock Option was granted. The limitations of the preceding sentence shall not apply in the case of
a Stock Option that becomes exercisable as a result of the attainment of a specified Performance
Measure or in the case of a Stock Option granted as an employee recognition award, a retention
award, or to a newly hired employee; provided that except as provided for under the Plan no portion
of any such Stock Option may become exercisable until six months from the date the Stock Option was
granted. The exceptions in the preceding sentence to the general minimum vesting provisions of
this subsection, other than the exception applying to a Stock Option that becomes exercisable as a
result of the attainment of a specified Performance Measure, are intended to be applied only in
special circumstances as determined by the Committee (or its delegate).

6.8 ISO Dollar Limitation. Options granted under this Plan may be Incentive Stock
Options, Nonqualified Stock Options or a combination of the foregoing. Each grant shall specify
whether (or the extent to which) the Option is an Incentive Stock Option or a Nonqualified Stock
Option. Notwithstanding any such designation, to the extent that the aggregate Fair Market Value of
the Shares with respect to which Options designated as Incentive Stock Options are exercisable for
the first time by a Participant during any calendar year (under all plans of the Company) exceeds
$100,000, such Options shall be treated as Nonqualified Stock Options.

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6.9 Exercise Period. Any grant may specify (i) a waiting period or periods before
Options or SARs shall become exercisable and (ii) permissible dates or periods on or during which
Options or SARs shall be exercisable. No Option or SAR granted under this Plan may be exercised
more than seven years from the Grant Date. In addition, the exercise period for any Incentive
Stock Option for a Participant possessing more than 10% of the voting power of all classes of stock
of the Company shall not exceed five years. The Committee may not extend the exercise period of an
outstanding Option or
SAR beyond the time originally prescribed in the Award Agreement, except to the extent permitted
under Code Section 409A and U.S. Department of Treasury regulations or other guidance issued
thereunder.

6.10 Repricing and Backdating Prohibited. The Committee shall not reprice any outstanding
Option or SAR including the cancellation of an existing Option or SAR and substitution of a new
Option or SAR with a lower exercise price, directly or indirectly, without the approval of the
stockholders of the Company, provided that nothing herein shall prevent the Committee from taking
any action provided for in Section 3.5. In no event shall the Grant Date of any Option or SAR be
earlier than the date on which the Committee takes action with respect thereto.

6.11 Notification of Disqualifying Disposition. If any Participant shall make any
disposition of Shares issued pursuant to the exercise of an Incentive Stock Option under the
circumstances described in Section 421(b) of the Code (relating to certain disqualifying
dispositions), such Participant shall notify the Company of such disposition within ten (10) days
thereof.

6.12 Effect of Termination of Employment.

     (i) Unless otherwise provided in an applicable Award Agreement, in the event
that the employment of a Participant shall terminate for any reason other than Retirement,
Cause, Disability or death, (a) Options and SARs granted to such Participant, to the extent
that they were exercisable at the time of such termination, shall remain exercisable until
the expiration of 90 days after such termination, on which date they shall expire, and
(b) Options and SARs granted to such Participant, to the extent that they were not
exercisable at the time of such termination, shall expire at the close of business on the
date of such termination; provided however, no Option or SAR shall be exercisable after the
expiration of its term.

     (ii) Unless otherwise provided in an applicable Award Agreement, in the event
that the employment of a Participant shall terminate on account of the Retirement, death, or
Disability of the Participant, (a) Options and SARs granted to such Participant, to the
extent that they were exercisable at the time of such termination, shall remain exercisable
until the expiration of three years after such termination, on which date they shall expire,
and (b) Options and SARs granted to such Participant, to the extent that they were not
exercisable at the time of such termination, shall expire at the close of business on the
date of such termination; provided however, no Option or SAR shall be exercisable after the
expiration of its term.

     (iii) In the event of the termination of a Participant’s employment for Cause,
all outstanding Options and SARs granted to such Participant (regardless of whether or not
exercisable at the time of such termination) shall expire at the
commencement of business on the effective date of such termination (or deemed
termination).

6.13 Effect of Change in Control. Unless otherwise provided in an applicable Award
Agreement, all Options and SARs granted to Participants who are employed by the Company or a
Subsidiary at the time of such Change in Control shall become fully vested and exercisable.

ARTICLE VII

RESTRICTED SHARES AND RESTRICTED SHARE UNITS

7.1 General. The Committee may from time to time authorize grants to Participants of
Restricted

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Shares and/or Restricted Share Units upon such terms and conditions as the Committee may
determine in accordance with provisions of this Article VII. Each grant of Restricted Shares and
Restricted Share Units shall be evidenced by an Award Agreement containing such terms and
provisions as the Committee may determine consistent with this Plan.

7.2 Number of Restricted Shares or Units. Each grant shall specify the number of
Restricted Shares or Restricted Share Units to which it pertains.

7.3 Minimum Restriction Period. Except as provided in this subsection or as otherwise
provided under the Plan, the Restriction Period applicable to a Restricted Share Award or
Restricted Share Unit Award may not lapse in full until three years from the date such award was
granted and no portion of the Restriction Period applicable to a Restricted Share Award or
Restricted Share Unit Award may lapse until one year from the date such award was granted. The
limitations of the preceding sentence shall not apply in the case of a Restricted Share Award or
Restricted Share Unit Award that vests as a result of the attainment of a specified Performance
Measure or in the case of a Restricted Share Award or Restricted Share Unit Award granted as a
founder’s grant, an employee recognition award, or to a newly hired employee; provided that except
as provided for under the Plan the minimum Restriction Period applicable to such award shall be six
months. The exceptions in the preceding sentence to the general minimum vesting provisions of this
subsection, other than the exception applying to a Restricted Share Award or Restricted Share Unit
Award that vests as a result of the attainment of a specified Performance Measure, are intended to
be applied only in special circumstances as determined by the Committee (or its delegate).

7.4 Transfer of Shares. Each grant of Restricted Shares shall constitute an immediate
transfer of the ownership of Shares to the Participant in consideration of the performance of
services, subject to the restrictions on transfer hereinafter referred to. Each grant of
Restricted Share Units shall constitute the agreement by the Company to issue or transfer Shares,
cash or a combination thereof to the Participant in
the future subject to the fulfillment of such conditions as the Committee may specify, but in no
event later than 60 days following the end of the risk of forfeiture period determined in Section 7.6.

7.5 Consideration. Each grant of Restricted Shares or Restricted Share Units may be made
without additional consideration from the Participant or in consideration of a payment by the
Participant that is less than the Fair Market Value per share or unit on the Grant Date.

7.6 Substantial Risk of Forfeiture. Each grant of Restricted Shares shall provide that
those Shares covered thereby shall be subject to a “substantial risk of forfeiture” within the
meaning of Code Section 83 for a period to be determined by the Committee on the Grant Date. Each
grant of Restricted Share Units shall provide that those Unites covered thereby shall be subject to
a “substantial risk of forfeiture” within the meaning of Code 409A for a period to be determined by
the Committee on the Grant Date. This risk of forfeiture period for any grant of Restricted Shares
or Restricted Share Units whether based solely on continued employment of the Participant or in
part on the achievement of specified Performance Objectives shall not be less than 3 years from the
Grant Date. If any Participant makes an election under Code Section 83(b) with respect to any
Restricted Shares granted hereunder, such election shall be made within 30 days of the Grant Date
and the Participant shall notify the Company with ten days of such making election, and provide the
Company with a copy of such election.

7.7 Dividends, Voting and Other Ownership Rights. Unless otherwise provided in an
applicable Award Agreement, an Award of Restricted Shares shall entitle the Participant to
dividend, voting and other ownership rights during the period for which such substantial risk of
forfeiture is to continue. Any Award of Restricted Shares may require that any or all dividends or
other distributions paid on the Restricted Shares during the period of such restrictions be
automatically sequestered and reinvested on an immediate or deferred basis in additional Shares,
which may be subject to the same restrictions as the underlying Award or such other restrictions as
the Committee may determine. To the extent set forth in a Participant’s Award Agreement with
respect to Restricted Share Units, a Participant may be entitled to receive dividend equivalents
payable in cash or additional Shares on a current, deferred or contingent basis.

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7.8 Performance-Based Restricted Shares and Restricted Share Unit. Any grant of
Restricted Shares or Restricted Share Units may specify Performance Objectives that must be
achieved as a condition of vesting and/or payment of such Restricted Shares or Restricted Stock
Units.

7.9 Effect of Termination of Employment.

     (i) Unless otherwise provided in an applicable Award Agreement, in the event
that the employment of a Participant shall terminate for any reason other than Retirement,
Cause, Disability or death prior to the vesting of
Restricted Shares or Restricted Stock Units granted to such Participant, all
Restricted Shares and Restricted Stock Units that have not vested as of the date of such
termination shall be forfeited.

     (ii) Unless otherwise provided in an applicable Award Agreement, in the
event that the employment of a Participant shall terminate on account of the Retirement,
death or Disability of the Participant prior to the vesting of Restricted Shares or
Restricted Stock Units granted to such Participant, a proportion of such Restricted Shares
and Restricted Stock Units, to the extent not forfeited or canceled on or prior to such
termination pursuant to any provision hereof, shall vest on the date of such termination,
and payment with respect to any such vested Restricted Share Units shall be made no later
than 60 days following the date of such termination. The proportion referred to in the
preceding sentence shall be determined by multiplying the Participant’s non-vested
Restricted Shares or Restricted Stock Units by a fraction, the numerator of which shall be
the number of full months that have elapsed in the applicable vesting period prior to the
Participant’s termination of employment and the denominator of which shall be the total
number of months in such vesting period.

     (iii) In the event a Participant’s employment is or is deemed to have been
terminated for Cause, all Restricted Shares and Restricted Stock Units granted to such
Participant that have not vested as of the effective date of such termination shall be
forfeited.

7.10 Effect of Change in Control. Unless otherwise provided in an applicable Award
Agreement, all Restricted Shares and Restricted Stock Units granted to Participants who are
employed by the Company or a Subsidiary at the time of such Change in Control shall become fully
vested and non-forfeitable.

ARTICLE VIII

SHORT- AND LONG-TERM INCENTIVE PLANS

8.1 Cash Incentives. For each of the Company’s fiscal year or series of years, the
Committee may establish an incentive pool or other incentive structure or policy with respect to
Participants who are not Non-Employee Directors. Any such incentive pool, structure or policy
shall be subject to such terms, restrictions and conditions determined by the Committee and
consistent with the terms of this Plan. Cash Incentives shall normally be paid in cash; the
Committee may at its discretion determine that Shares or a combination thereof be used to deliver
the payment of the incentives. Payment of such Short- or Long-Term Incentives shall be subject to
the following:

     (i) Unless otherwise specified by the Committee, in the event that the
employment of a Participant shall terminate for any reason other than
Retirement, Cause, Disability or death prior to the payment date of any Short- or
Long-Term Incentive, such incentive opportunity shall be forfeited in its entirety.

     (ii) Unless otherwise specified by the Committee, in the event that the
employment of a Participant with the Company shall terminate on account of the Retirement,
death, or Disability of the Participant prior to the payment date of any Short- or
Long-Term Incentive, a pro rata portion of such Short- or Long-Term Incentive shall be
payable to such

10

 

Participant within 60 days following the end of the applicable Performance
Period. The amount payable pursuant to the preceding sentence shall be determined by
measuring actual achievement versus the Performance Objectives for the full Performance
Period, and by multiplying that earned amount by a fraction, the numerator of which shall
be the number of full months that have elapsed in the applicable Performance Period prior
to the Participant’s termination of employment and the denominator of which shall be the
total number of months in the Performance Period.

     (iii) In the event of the termination of a Participant’s employment for
Cause, such Participant’s Short- and Long-Term incentive opportunity shall be forfeited in
its entirety.

     (iv) Unless otherwise specified by the Committee, a pro rata portion of a
Participant’s Short- and Long-Term Incentive shall be payable to such Participant within
thirty days following a Change in Control. The amount payable pursuant to the preceding
sentence shall be determined by determining the actual achievement versus the Performance
Objectives to date of the Change in Control, and paid out by multiplying that earned amount
by a fraction, the numerator of which shall be the number of full months that have elapsed
in the applicable Performance Period prior to the Change in Control and the denominator of
which shall be the total number of months in the Performance Period.

ARTICLE IX

OTHER AWARDS

9.1 Other Stock Awards. The Committee may, subject to limitations under applicable law,
grant to any Participant such other awards that may be denominated or payable in, valued in whole
or in part by reference to, or otherwise based on, or related to, Shares or factors that may
influence the value of such Shares, including, without limitation, convertible or exchangeable debt
securities, other rights convertible or exchangeable into Shares, purchase rights for Shares,
awards with value and payment contingent upon performance of the Company or specified Subsidiaries,
affiliates or other business units thereof or any other factors designated by the Committee, and
awards valued by reference to the book value of Shares or the value of securities of, or the
performance of specified Subsidiaries or affiliates or other business units of the Company. The
Committee shall determine the terms and conditions of such
awards. Shares delivered pursuant to an award in the nature of a purchase right granted under this
Article IX shall be purchased for such consideration, paid for at such time, by such methods, and
in such forms, including, without limitation, cash, Shares, other awards, notes or other property,
as the Committee shall determine.

9.2 Payment In Lieu of Other Obligations. The Committee may grant Shares as a bonus, or
may grant other awards in lieu of obligations of the Company or a Subsidiary to pay cash or deliver
other property under this Plan or under other plans or compensatory arrangements, subject to such
terms as shall be determined by the Committee.

ARTICLE X

TRANSFERABILITY

10.1 Transfer Restrictions. Unless provided in Section 10.2, no Award granted under this
Plan shall be transferable by a Participant other than by will or the laws of descent and
distribution, and Options and SARs shall be exercisable during a Participant’s lifetime only by the
Participant or, in the event of the Participant’s legal incapacity, by his guardian or legal
representative acting in a fiduciary capacity on behalf of the Participant under state law. Any
attempt to transfer an Award in violation of this Plan shall render such Award null and void.

10.2 Family Transfers. The Committee may, in its sole discretion, authorize all or a
portion of the Award granted to a Participant to be on terms which permit transfer to: (i) the
spouse, children or grandchildren of the Participant (“Immediate Family Members”), (ii) a trust or
trusts for the exclusive

11

 

benefit of Immediate Family Members, (iii) a partnership in which
Immediate Family Members are the only partners, or (iv) a former spouse pursuant to a qualified
domestic relations order, provided that subsequent transfers of transferred Awards shall be
prohibited except by will or the laws of descent and distribution. Following transfer, any such
Awards shall continue to be subject to the same terms and conditions as were applicable immediately
prior to transfer.

10.3 Restrictions on Transfer. Any Award made under this Plan may provide that all or
any part of the Shares that are (i) to be issued or transferred by the Company upon the exercise of
Options or SARs, upon the termination of any risk of forfeiture period applicable to Restricted
Share Units or upon payment of any Short- or Long-Term Incentives or Performance Awards, or (ii) no
longer subject to the substantial risk of forfeiture and restrictions on transfer referred to in
Article VII applicable to Restricted Shares, shall be subject to further restrictions upon
transfer, as is determined by the Committee at the time of grant of that Award.

ARTICLE XI

DEFERRAL OF AWARDS

11.1 General. The Committee may permit Participants to elect to defer the issuance of
Shares or the settlement of Awards in cash under the Plan pursuant to such rules, procedures or
programs as it may establish for purposes of this Plan. In the case of an Award of Restricted
Shares, the deferral may be effected by the Participant’s agreement to forego or exchange his or
her Award of Restricted Shares and to receive an Award of Restricted Share Units. The Committee
also may provide that deferred settlements include the payment or crediting of interest on the
deferral amounts, or the payment or crediting of dividend equivalents where the deferral amounts
are denominated in Shares.

11.2 Compliance with Code Section 409A. To the extent any Award (or portion thereof)
provides for the deferral of compensation and is subject to Code Section 409A, such deferred
compensation shall be subject to the following limitations and conditions:

(i) In no event shall any deferred compensation be distributed earlier than
separation from service, death, disability, a time (or pursuant to a fixed schedule)
specified at the date of the deferral of such compensation, a change in the ownership or
effective control of the Company or in the ownership of a substantial portion of the assets
of the Company, or the occurrence of an unforeseeable emergency.

(ii) In the case of a Participant who is a key employee, as defined in Code
Section 416(i), distribution due to separation from service may not be made before the date
which is six months after the date of separation from service (or, if earlier, the date of
death of such Participant).

(iii) Except to the extent provided in U.S. Department of Treasury regulations or
other guidance, any deferred compensation payable to a Participant may not be accelerated.

(iv) To the extent a Participant is offered an opportunity to defer receipt of
compensation for services performed during a taxable year, such Participant’s deferral
election must be made not later than the close of the preceding taxable year (or within
30 days of eligibility in the case of a newly eligible individuals) or at such other time
as provided in U.S. Department of Treasury regulations or other guidance. Notwithstanding
the foregoing, in the case of any performance-based compensation based on services
performed over a period of at least twelve months, such election may be made no later than
six months before the end of such performance period.

(v) To the extent a Participant is offered an opportunity to delay the payment
date of any deferred compensation or to change the form in which such deferred compensation
shall be paid, (a) the Participant’s new election may not take effect for at least twelve
months after the date on which the election is made, (b) except in the case of an election
related to a payment due to disability,
death or the occurrence of an unforeseeable emergency, the first payment with respect to
which a new election is made must provide for a deferral period of not less than five years
from the date such payment would otherwise have been made, and (c) any election

12

 

relating to
a specified time (or pursuant to a fixed schedule) may not be made less than twelve months
prior to the date of the first scheduled payment.

     To the extent applicable, the Plan and Award Agreements shall be interpreted in accordance
with Code Section 409A and U.S. Department of Treasury regulations and other interpretative
guidance issued thereunder, including without limitation any regulations or other guidance that may
be issued after the effective date of this Plan. Notwithstanding any provision of the Plan to the
contrary, in the event that following the effective date of this Plan any Award is subject to Code
Section 409A and related U.S. Department of Treasury guidance (including such U.S. Department of
Treasury guidance as may be issued after the effective date of the Plan), the Committee may adopt
such amendments to the Plan and applicable Award Agreements or adopt other policies and procedures
(including amendments, policies and procedures retroactive effect), or take any other actions, that
the Committee determines are necessary or appropriate to exempt the Award from Code Section 409A
and/or preserve the intended tax treatment of the benefits provided with respect to the Award, or
comply with the requirements of Code Section 409A and related U.S. Department of Treasury guidance.

ARTICLE XII

PERFORMANCE OBJECTIVES

12.1 General. Performance Objectives means the performance objectives established
pursuant to this Plan for Participants who have received Awards. Performance Objectives may be
described in terms of Company-wide objectives or objectives that are related to the performance of
an individual Participant or the Subsidiary, division, department or function within the Company or
Subsidiary in which the Participant is employed. Performance Objectives may be measured on an
absolute or relative basis. Relative performance may be measured by comparison to a group of peer
companies or to a financial market index. Any Performance Objectives applicable to a Qualified
Performance-Based Award are intended to be “performance-based” under Code Section 162(m) and shall
be limited to specified levels of or increases in one or more of the following Performance
Objectives: return on equity, return on invested capital, return on sales regional income, diluted
earnings per share, net earnings, total earnings, earnings growth, return on capital, working
capital turnover, return on assets, earnings before interest and taxes, sales, sales growth, gross
margin return on investment, increase in the fair market value of the Shares, share price
(including but not limited to, growth measures and total stockholder return), operating profit,
cash flow (including, but not limited to, operating cash flow and free cash flow), cash flow return
on investment (which equals net cash flow divided by total capital),
inventory turns, financial return ratios, total return to stockholders, market share, earnings
measures/ratios, economic value added, balance sheet measurements such as receivable turnover,
internal rate of return, increase in net present value or expense targets, productivity and
satisfaction of environment, health and safety targets.

12.2 Adjustments of Performance Objectives. . Subject to any limitation under Code
Section 162(m) with respect to Covered Employees, the Committee may adjust Performance Objectives
and the related minimum acceptable level of achievement if, in the sole judgment of the Committee,
events or transactions have occurred after the Grant Date that are unrelated to the performance of
the Company and/or Participant and result in distortion of the Performance Objectives or the
related minimum acceptable level of achievement. Potential transactions or events giving rise to
adjustment include but are not limited to (i) restructurings, discontinued operations,
extraordinary items or events, and other unusual or non-recurring charges; (ii) an event either not
directly related to the operations of the Company or not within the reasonable control of the
Company’s management; or (iii) a change in tax law or accounting standards required by generally
accepted accounting principles.

12.3 Performance Period. The period over which results are measured for determining the
value Performance Award or payout under any Incentive Plan, whether that award or payment consists
of shares or cash or a combination thereof, shall in no case be less than 12 months.

13

 

ARTICLE XIII

MISCELLANEOUS

13.1 Withholding Taxes. To the extent that the Company is required to withhold federal,
state, local or foreign taxes in connection with any payment made or benefit realized by a
Participant or other person under this Plan, the Committee may withhold any amounts necessary to
collect any withholding taxes upon any taxable event relating to an Award. At the discretion of
the Committee, such arrangements may include relinquishment of a portion of such benefit payable in
cash or Shares.

13.2 Change in Control. Notwithstanding any provision in this Plan or an Award Agreement
to the contrary, in the event that the Company undergoes a Change in Control, or in the event the
Company shall become a party to any corporate merger, consolidation, major acquisition of property
for stock, separation, reorganization or liquidation, the Committee (or the board of directors of
any corporation assuming the obligations of the Company) shall have the sole and absolute power and
discretion to prescribe and amend the terms and conditions for the exercise, or modification, of
any outstanding Awards granted hereunder. Such power and discretion shall include, but shall not be
limited to, the power and authority to remove restrictions on Restricted Shares, to modify the
performance requirements for any Awards, and to provide that Options or SARs granted hereunder must
be exercised in connection with the closing of such transaction and that if not so exercised such
Options and SARs will expire. Any such determinations by the Committee may be made generally with
respect to all Participants, or may be made on a case-by-case basis with respect to particular
Participants. Notwithstanding the foregoing, any transaction undertaken for the purpose of
reincorporating the Company under the laws of another jurisdiction, if such transaction does not
materially affect the beneficial ownership of the Company’s capital, shall not constitute a merger,
consolidation, major acquisition of property for stock, separation, reorganization, liquidation, or
Change in Control.

13.3 Certain Terminations of Employment, Hardship and Approved Leaves of Absence.
Notwithstanding any other provision of this Plan to the contrary, in the event of termination of
employment by reason of death, Disability, Retirement or leave of absence approved by the Company,
or in the event of hardship or other special circumstances, of a Participant who holds an Option or
SAR that is not immediately and fully exercisable, any Restricted Shares as to which the
substantial risk of forfeiture or the prohibition or restriction on transfer has not lapsed, any
Restricted Share Units as to which any deferral period is not complete, any Short- or Long-Term
Incentives or Performance Awards that have not been fully earned, or any Shares that are subject to
any transfer restriction, the Committee may in its sole discretion take any action that it deems to
be equitable under the circumstances or in the best interests of the Company, including, without
limitation, waiving or modifying any limitation or requirement with respect to any Award under this
Plan.

13.4 Right of Recapture. If, at any time within one year after the date on which a
Participant exercises an Option or SAR, or receives payment of a Short- or Long-Term Incentive or
Performance Award, or on which Restricted Shares or Restricted Share Units vest or on which income
is realized by a Participant in connection with any other Award (each of which events shall be a
“realization event”), the Committee determines in its discretion that the Company has been
materially harmed by the Participant, whether such harm (a) results in the Participant’s
termination or deemed termination of employment for Cause or (b) results from any activity of the
Participant determined by the Committee to be in competition with any activity of the Company, or
otherwise prejudicial, contrary or harmful to the interests of the Company (including, but not
limited to, accepting employment with or serving as a consultant, adviser or in any other capacity
to an entity that is in competition with or acting against the interests of the Company), then any
gain realized by the Participant from the realization event shall be paid by the Participant to the
Company upon notice from the Company. Such gain shall be determined as of the date of the
realization event, without regard to any subsequent change in the Fair Market Value of the
Company’s Shares. The Company shall have the right to offset such gain against any amounts
otherwise owed to the Participant by the Company (whether as wages, vacation pay, or pursuant to
any benefit plan or other compensatory arrangement).

13.5 Foreign Participants. To facilitate the making of any Award or combination of
Awards under

14

 

this Plan, the Committee may provide for such special terms for Awards to Participants
who are foreign nationals, or who are employed by or perform services for the Company or any
Subsidiary outside of the United States of America, as the Committee may consider necessary or
appropriate to accommodate differences in local law, tax policy or custom. Moreover, the Committee
may approve such supplements to, or amendments, restatements or alternative versions of, this Plan
as it may consider necessary or appropriate for such purposes without thereby affecting the terms
of this Plan as in effect for any other purpose, provided that no such supplements, amendments,
restatements or alternative versions shall include any provisions that are inconsistent with the
terms of this Plan, as then in effect, unless this Plan could have been amended to eliminate such
inconsistency without further approval by the stockholders of the Company.

13.6 Amendment or Termination. The Board shall have complete power and authority to
amend the Plan at any time; provide, however, that the Board shall not, without the requisite
affirmative approval of stockholders of the Company, make any amendment which materially modifies
the Plan by increasing the benefits accrued to Participants under the Plan; increasing the numbers
of securities which may be issued under the Plan; modifying the requirement for participation in
the Plan; or including a provision allowing the Board to lapse or waive restrictions at its
discretion; or which requires stockholder approval under the Code, unless such compliance is no
longer desired under the Code, or under any other applicable law or rule of any stock exchange
which lists Common Stock or Company Voting Securities. No termination or amendment of the Plan
may, without the consent of the Participant to whom any Award
shall theretofore have been granted under the Plan, adversely affect the right of such individual
under such Award.

13.7 Conditional Awards. The Committee may condition the grant of any Award or
combination of Awards under the Plan on the surrender or deferral by the Participant of his or her
right to receive a cash bonus or other compensation otherwise payable by the Company or any
Subsidiary to the Participant.

13.8 No Employment Right. This Plan shall not confer upon any Participant any right with
respect to continuance of employment or other service with the Company or any Subsidiary and shall
not interfere in any way with any right that the Company or any Subsidiary would otherwise have to
terminate any Participant’s employment or other service at any time.

13.9 Tax Qualification. To the extent that any provision of this Plan would prevent any
Option that was intended to qualify under particular provisions of the Code from so qualifying,
such provision of this Plan shall be null and void with respect to such Option, provided that such
provision shall remain in effect with respect to other Options, and there shall be no further
effect on any provision of this Plan.

13.10 Duration of the Plan. Unless sooner terminated in accordance with Section 13.6,
this Plan shall automatically terminate on the tenth anniversary of the date upon which it is
approved by the stockholders of the Company, and no Award shall be granted after such tenth
anniversary. Awards outstanding at the termination of the Plan shall continue in accordance with
their terms and shall not be affected by such termination.

13.11 Limitations Period. Any person who believes he or she is being denied any benefit or
right under the Plan may file a written claim with the Committee. Any claim must be delivered to
the Committee within forty-five (45) days of the specific event giving rise to the claim. Untimely
claims will not be processed and shall be deemed denied. The Committee, or its designated agent,
will notify the Participant of its decision in writing as soon as administratively
practicable. Claims not responded to by the Committee in writing within ninety (90) days of the
date the written claim is delivered to the Committee shall be deemed denied. The Committee’s
decision shall be final and conclusive and binding on all persons. No lawsuit relating to the Plan
may be filed before a written claim is filed with the Committee and is denied or deemed denied and
any lawsuit must be filed within one year of such denial or deemed denial or be forever barred.

13.12 Governing Law. The validity, construction and effect of this Plan and any Award
hereunder will be determined in accordance the laws of state of Delaware.

15

 

13.13 Investment Representations. As a condition to the exercise or granting of an
Award, the Committee may require the person exercising or receiving such Award
to represent and warrant that the Shares are being purchased only for investment and without any
present intention to sell or distribute such Shares if, in the opinion of counsel for the Company,
such a representation is required.

13.14 Post-Employment Limitations. At its sole discretion, the Committee may, as a
condition to granting an Award, require that the Participant exercising or receiving that Award
after that Participant’s termination from active employment, agree to or execute an agreement
defining limitations to that Participant’s actions for a defined period after employment. Such
limitations may include, but are not limited to, nondisclosure of confidential company information,
the soliciting Company employees or the execution of a non-compete agreement.

13.15 Uncertificated Shares. To the extent that the Plan provides for issuance of
certificates to reflect the transfer of Shares, the transfer of such Shares may be effected on a
non-certificated basis, to the extent not prohibited by applicable law or the rules of any stock
exchange.

13.16 Unfunded Plan. Participants shall have no right, title, or interest whatsoever in
or to any investments that the Company may make to aid it in meeting its obligations under the
Plan. Nothing contained in the Plan, and no action taken pursuant to its provisions, shall create
or be construed to create a trust of any kind, or a fiduciary relationship between the Company and
any Participant, beneficiary, legal representative or any other person. To the extent that any
person acquires a right to receive payments from the Company under the Plan, such right shall be no
greater than the right of an unsecured general creditor of the Company. All payments to be made
hereunder shall be paid from the general funds of the Company and no special or separate fund shall
be established and no segregation of assets shall be made to assure payment of such amounts except
as expressly set forth in the Plan.

13.17 Beneficiary Designation. Each Participant under the Plan may, from time to time,
name any beneficiary or beneficiaries (who may be named contingently or successively) to whom any
benefit under the Plan is to be paid in case of his or her death before he or she receives any or
all of such benefit. Each such designation shall revoke all prior designations by the same
Participant, shall be in a form prescribed by the Committee, and will be effective only when filed
by the Participant in writing with the Committee during the Participant’s lifetime. In the absence
of any such designation, benefits remaining unpaid at the Participant’s death shall be paid to the
Participant’s estate.

ADOPTED BY THE BOARD OF DIRECTORS — MARCH 14, 2008

APPROVED BY THE STOCKHOLDERS — MAY 1, 2008

16EX-10.1

Exhibit 10.1

ACCENTURE SCA

société en commandite par actions

siège social: L-1855 Luxembourg

46A, avenue J.F. Kennedy

R.C.S. Luxembourg B 79.874

STATUTS COORDONNES

au 17 novembre 2008

UPDATED ARTICLES OF ASSOCIATION

AS AT

17 NOVEMBER 2008

     Article 1 – Form

     There exists among Accenture Ltd, a company limited by shares organised under the laws of
Bermuda, being the general partner (gérant commandité) (the “General Partner” or “Accenture Ltd”)
of “Accenture SCA”, a partnership limited by shares (société en commandite par actions)
(hereinafter referred to as the “Company”) and Accenture Minority IV, Ltd, a Gibraltar company
being the current limited shareholder (associé commanditaire) of the Company and all those persons
who shall become limited shareholders (associés commanditaires) (the “Limited Shareholders”) of the
Company.

     Hereinafter the Limited Shareholders and the General Partner will be referred to individually
as a Shareholder and collectively as the Shareholders.

     Article 2 – Term

     The Company is incorporated for an unlimited period of time. However, the Company shall come
to an end in the event of a resolution to dissolve the Company adopted at a general meeting of
Shareholders deciding in compliance with the conditions of quorum and majority required for
amendments to the articles of association of the Company (the “Articles of Association”). The
Company shall not end in the event of the resignation, dissolution, bankruptcy or insolvency of the
General Partner.

     Article 3 — Purposes

     The Company shall have as its business purpose the holding of participations, in any form
whatsoever, in Luxembourg and foreign companies, the acquisition by purchase, subscription, or in
any other manner as well as the transfer by sale, exchange or otherwise of stock, bonds,
debentures, notes and other securities of any kind, and the ownership, administration, development
and management of its participations and of its asset portfolio.

     The Company may carry on any commercial, industrial and/or financial activity or maintain a
commercial establishment open to the public. The Company may participate directly on indirectly in
the establishment and development of any financial, industrial or commercial enterprises in

 Page 1

 

Luxembourg and abroad and it may render them every assistance, whether of a financial nature
or not, such as, without limitation, the granting of loans or advances, guarantees for their
benefit or other forms of assistance. The Company may borrow in any form and proceed to the
issuance of bonds and notes whether or not convertible or exchangeable in shares of the Company or
into shares of other companies.

     The Company may enter into and perform under global alliances and marketing arrangements and
any other contracts aimed at promoting and furthering the development and the operation of the
Accenture group, including but not limited to actions involving or relating to staff of any and all
affiliated group companies.

     In general, it may take any controlling and supervisory measures and carry out any operation
which it may deem useful for the accomplishment and development of its purposes.

     Article 4 — Registered office

     The registered office of the Company is established in Luxembourg City, Grand Duchy of
Luxembourg. The General Partner may establish branches or other offices either in Luxembourg or
abroad.

     In the event that the General Partner determines that extraordinary political, economic or
social developments have occurred or are imminent that interfere or are likely to interfere with
the normal activities of the Company at its registered office, or with the ease of communication
between such office and persons abroad, the registered office may be temporarily transferred abroad
until the complete cessation of these extraordinary circumstances; such temporary measures shall
have no effect on the nationality of the Company which, notwithstanding the temporary transfer of
its registered office, will remain a Luxembourg partnership limited by shares.

     Article 5 – Capital

     The Company has a subscribed, issued and fully paid nominal share capital of EUR
1,868,030,866.25 (one billion eight hundred and sixty-eight million thirty thousand eight hundred
sixty-six Euro and twenty-five cents) (divided into shares (actions de commandité) held by the
General Partner and having a par value of one Euro and twenty-five cents (EUR 1.25) each and shares
(actions de commanditaires) held by the Limited Shareholder(s) having a par value of one Euro and
twenty-five cents (EUR 1.25) each. The Shares are divided into 138,959,879 (one hundred
thirty-eight million nine hundred and fifty-nine thousand eight hundred and seventy-nine) Class I
Common Shares (Class I Common Shares), 494,880,698 (four hundred ninety-four million eight hundred
eighty thousand six hundred ninety-eight) Class II Common Shares (Class II Common Shares),
643,133,854 (six hundred and forty-three million one hundred and thirty-three thousand eight
hundred and fifty-four) Class III Common Shares (Class III Common Shares) and 5,000,000 (five
million) Class III-A Common Shares (Class III-A Common Shares), 5,000,000 (five million) Class
III-B Common Shares (Class III-B Common Shares), 10,000,000 (ten million) Class III-C Common Shares
(Class III-C Common Shares), 10,000,000 (ten million) Class III-D Common Shares (Class III-D Common
Shares), 15,000,000 (fifteen million) Class III-E Common Shares (Class III-E Common Shares),
15,000,000 (fifteen million) Class III-F Common Shares (Class III-F Common Shares), 20,000,000
(twenty million) Class III-G Common Shares (Class III-G Common Shares),

 Page 2

 

25,000,000 (twenty-five million) Class III-H Common Shares (Class III-H Common Shares),
5,000,000 (five million) Class III-I Common Shares (Class III-I Common Shares), 5,000,000 (five
million) Class III-J Common Shares (Class III-J Common Shares), 16,050,000 (sixteen million fifty
thousand) Class III-K Common Shares (Class III-K Common Shares), 5,025,720 (five million
twenty-five thousand seven hundred twenty) Class III-L Common Shares (Class III-L Common Shares),
68,626,707 (sixty-eight million six hundred and twenty-six thousand seven hundred seven) Class
III-M Common Shares (Class III-M Common Shares), and 12,747,835 (twelve million seven hundred
forty-seven thousand eight hundred thirty-five) Class III-N Common Shares (Class III-N Common
Shares) (Class III-A Common Shares through Class III-N Common Shares are collectively referred to
as Class III Letter Shares), having the same characteristics and rights save as to those
differences outlined in these Articles of Association and namely those differences set out in
Articles 5, 6, 7, 8, 19 and 20 hereof.

     In connection with this authorisation to increase the capital and in compliance with article
32-3 (5) of the Law, the General Partner of the Company is authorised, at its discretion, to waive
entirely or partially or to limit, or to set conditions in respect of any preferential subscription
rights of the existing Shareholders for the same period of five years and to determine the amount
of issue premium (if any) which will have to be paid by the subscriber(s) in the context of this
capital increase.

     The Class I Common Shares, the Class II Common Shares, the Class III Common Shares and the
Class III Letter Shares are individually referred to as a “Share” and collectively as the “Shares.”

     The Class II Common Shares, the Class III Common Shares and the Class III Letter Shares are
exclusively reserved for Accenture Ltd and its subsidiaries.

     The Class III Common Shares and Class III Letter Shares will not entitle their holder to any
cash dividend distributions. Class III Common Shares and Class III Letter Shares will give right to
newly issued Class III Common Shares also labelled “Class III Bonus Shares,” to the extent a cash
dividend is paid on Class I Common Shares.

     The aggregate value of the Class III Bonus Shares (the “Class III Bonus Shares Value”) shall
be the amount of any cash dividends that the holders of outstanding Class III Common Shares and
Class III Letter Shares would have received had they participated on a fully participating basis
with the holders of Class I Common Shares in any cash dividends declared to the holders of the
Class I Common Shares.

     The number of Class III Bonus Shares issued to holders of Class III Common Shares and Class
III Letter Shares in connection with the payment of any cash dividend on the Class I Common Shares
shall be determined by dividing (i) the Class III Bonus Shares Value by (ii) the closing price of
an Accenture Ltd Class A Common Share on the United States trading day immediately prior to the day
of issue of the Class III Bonus Shares. Upon such determination, fractional Class III Bonus Shares
whether or not issuable to holders of Class III Common Shares or Class III Letter Shares shall be
rounded down to the nearest entire number of Class III Bonus Shares. The Class III Bonus Shares
shall be issued on the date of payment of the cash dividend on the Class I Common Shares.

 Page 3

 

     All other rights of the Class III Common Shares and Class III Letter Shares, such as rights to
liquidation proceeds and voting rights will remain the same as the rights for the Class I Common
Shares save as set out otherwise in these Articles of Association.

     Any issuances of Class III Bonus Shares to the holder(s) of Class III Common Shares and of
Class III Letter Shares in the context of the Authorised Share Capital of the Company (as defined
hereafter), shall be recorded at the latest within a month of the issue date by a Luxembourg
notary. Full powers are attributed to the General Partner or an appointee of the General Partner to
see from time to time to the accomplishment of any formality in connection therewith.

     The Class II Common Shares will not entitle their holder to any cash dividend distributions.
Class II Common Shares will have the right to receive newly issued Class II Common Shares also
labelled (“Class II Bonus Shares”) to the extent a cash dividend is paid on Class I Common Shares.

     The aggregate value of the Class II Bonus Shares (“the Class II Bonus Shares Value”) shall be
the amount of any cash dividends that the holders of outstanding Class II Common Shares would have
received had they participated on a ten percent (10%) participating basis with the holders of Class
I Common Shares in any cash dividends declared to the holders of the Class I Common Shares.

     The number of Class II Bonus Shares issued to holders of Class II Common Shares in connection
with the payment of any cash dividend on the Class I Common Shares shall be determined by dividing
(i) the Class II Bonus Shares Value by (ii) 10 % of the closing price of an Accenture Ltd Class A
Common Share on the United States trading day immediately prior to the day of issue of the Class II
Bonus Shares. Upon such determination, fractional Class II Bonus Shares whether or not issuable to
holders of Class II Common Shares shall be rounded down to the nearest entire number of Class II
Bonus Shares. The Class II Bonus Shares shall be issued on the date of payment of the cash dividend
on Class I Common Shares.

     Any issuances of Class II Common Shares as Class II Bonus Shares to the holders of Class II
Common Shares in the context of the Authorised Share Capital of the Company (as defined hereafter),
shall be recorded at the latest within a month of the issue date by a Luxembourg notary. Full
powers are attributed to the General Partner or an appointee of the General Partner to see from
time to time to the accomplishment of any formality in connection therewith.

     Upon Class I Common Shares being sold or otherwise transferred by their holder to Accenture
Ltd or a subsidiary of Accenture Ltd, such shares shall as a result of the transfer be
automatically relabelled and reclassified as Class III Common Shares. The Company shall
subsequently periodically record (with such recordings to occur not less than once in every
quarter) in notarial form the reclassification of Class I Common Shares into Class III Common
Shares and the General Partner or an appointee of the General Partner is authorised and empowered
to see to any requisite formalities in relation with the registration in the share register of the
Company and any notarial recording including, without limitation, any amendments which need to be
made to these Articles of Association.

     Class III Common Shares and Class III Letter Shares are convertible into Class II Common
Shares by a resolution of an extraordinary meeting of Shareholders resolving in the manner required
for amendments of these Articles of Association. The conversion ratio shall be 1 Class III Common
Share or 1 Class III Letter Share for 10 Class II Common Shares. Upon such resolution, the nominal
capital

 Page 4

 

shall be increased by EUR 11.25 per Class III Common Share or per Class III Letter Share so
converted and Class II Common Shares shall be issued in accordance with the conversion ratio in
replacement of the Class III Common Shares or Class III Letter Shares so converted.

     Class II Common Shares are convertible into Class III Common Shares by a resolution of an
extraordinary meeting of Shareholders resolving in the manner required for amendments of these
Articles of Association. The conversion ratio shall be 10 Class II Common Shares for 1 Class III
Common Share. Upon such resolution, the nominal capital shall be reduced by EUR 11.25 per 10 Class
II Common Shares so converted and the amount of the nominal share capital reduction shall be
allocated to the share premium reserve of the Company. In addition, additional Class III Common
Shares shall be issued in accordance with the conversion ratio in replacement of the Class II
Common Shares so converted.

     The Class I Common Shares, the Class II Common Shares, the Class III Common Shares and the
Class III Letter Shares are redeemable shares in accordance with the terms of article 49-8 of the
law of August 10, 1915, on commercial companies, as amended (the “Law”), and the redemption
features laid down in Articles 7 and 8 hereof and the disposal features laid down in Articles 6 and
8 hereof shall apply thereto.

     An extraordinary meeting of Shareholders, resolving in the manner required for the amendment
of these Articles of Association, and with the consent of the General Partner, may increase or
reduce the subscribed and issued capital.

     Notwithstanding the preceding paragraph, the General Partner of the Company is authorised and
empowered to render effective an increase of the subscribed and issued capital, in whole or in
part, from time to time, within a period starting as of 28 June, 2005, and expiring on the fifth
anniversary of such date, by issuing Shares representing such whole or partial increase of the
capital up to the total amount of the Authorised Share Capital (as defined hereafter) and for the
number and classes of Shares being the object of the authorisation. The General Partner shall
accept, to the extent required and whenever it shall not issue Class II Bonus Shares and Class III
Bonus Shares subscriptions for such Shares.

     The authorised capital of the Company is set at EUR 50,000,000,000 (the “Authorised Share
Capital”) consisting of 10,000,000,000 Class I Common Shares of a par value of one euro and
twenty-five cents (EUR 1.25) each, 20,000,000,000 Class II Common Shares of a par value of one euro
and twenty-five cents (EUR 1.25) each, 9,782,549,738 Class III Common Shares of a par value of one
euro and twenty-five cents (EUR 1.25) each and 5,000,000 Class III-A Common Shares of a par value
of one euro and twenty-five cents (EUR 1.25) each, 5,000,000 Class III-B Common Shares of a par
value of one euro and twenty-five cents (EUR 1.25) each, 10,000,000 Class III-C Common Shares of a
par value of one euro and twenty-five cents (EUR 1.25) each, 10,000,000 Class III-D Common Shares
of a par value of one euro and twenty-five cents (EUR 1.25) each, 15,000,000 Class III-E Common
Shares of a par value of one euro and twenty-five cents (EUR 1.25) each, 15,000,000 Class III-F
Common Shares of a par value of one euro and twenty-five cents (EUR 1.25) each, 20,000,000 Class
III-G Common Shares of a par value of one euro and twenty-five cents (EUR 1.25) each, 25,000,000
Class III-H Common Shares of a par value of one euro and twenty-five cents (EUR 1.25) each,

 Page 5

 

5,000,000 Class III-I Common Shares of a par value of one euro and twenty-five cents (EUR
1.25) each, 5,000,000 Class III-J Common Shares of a par value of one euro and twenty-five cents
(EUR 1.25) each, 16,050,000 Class III-K Common Shares of a par value of one euro and twenty-five
cents (EUR 1.25) each, 5,025,720 Class III-L Common Shares of a par value of one euro and
twenty-five cents (EUR 1.25) each, 68,626,707 Class III-M Common Shares of a par value of one euro
and twenty-five cents (EUR 1.25) each, and 12,747,835 Class III-N Common Shares of a par value of
one euro and twenty-five cents (EUR 1.25) each.

     The General Partner is authorised and empowered for a period of 5 years starting on 28 June,
2005 to issue Class I Common Shares and/or Class II Common Shares (whether or not as Class II Bonus
Shares) and/or Class III Common Shares (whether or not as Class III Bonus Shares) from time to time
including Class III Letter Shares in one or several series bearing different numbers or letters in
order to identify them.

     The authorisation granted to the General Partner includes the authorisation to issue Shares to
itself.

     The General Partner is authorised and empowered for the same period of 5 years starting on 28
June 2005 to determine the conditions attaching to any subscription of Shares and to determine the
amount of issue premium (if any) which will have to be paid, and it may, from time to time, effect
such whole or partial increase upon the conversion of any net profit of the Company into capital
and the attribution of fully-paid Shares to Shareholders.

     In connection with the authorisation to increase the capital of the Company given to the
General Partner up to the amount of the Authorised Share Capital and in compliance with the terms
of article 32-3(5) of the Law, the General Partner is authorised, at its discretion, to waive
entirely or partially or to limit, or to set the conditions in respect of any preferential
subscription rights of the then existing Shareholders of the Company.

     The General Partner is further authorised to cause the Company to issue warrants, convertible
bonds or assimilated instruments or bonds with warrants or subscription rights or to issue any
financial instruments convertible into Shares under the terms and conditions to be set by the
General Partner.

     Each time the General Partner shall act to render effective the increase of capital, as
authorised, Article 5 of the Articles of Association of the Company shall be amended so as to
reflect the result of such action and the General Partner shall take or authorise any person to
take any necessary steps for the purpose of the recording and publication of such increase and such
amendment.

     The Company recognises only one holder per Share; in case a Share is held by more than one
person, the Company has the right to suspend the exercise of all rights attached to that Share
until one person is appointed or designated by the joint holders as the sole owner in relation to
the Company.

     The Shares of the Company are and they continue to stay in registered form. The Shares are not
certificated, but a certificate (certificat d’inscription nominative) witnessing the registration
of the relevant Shareholder in the share register of the Company and the number of Shares held by
it shall be issued by the Company on request of the Shareholder.

     A share register shall be kept at the registered office of the Company and, to the extent the
General Partner shall so decide, with a transfer agent and registrar. Such register shall set forth
the name of

 Page 6

 

each Shareholder, its residence or elected notice address, the number of Shares held by it,
the class of Shares, the amounts paid in on each such Share, the transfers of Shares and the dates
of such transfers.

     Unpaid amounts, if any, on issued and outstanding Shares may be called at any time at the
discretion of the General Partner, provided however that calls shall be made on all the Shares in
the same proportion and at the same time. Any sum, the payment of which is in arrear, automatically
attracts interest in favour of the Company at the rate of ten per cent (10%) per year or such other
rate as may be determined by the General Partner from time to time calculated from the date when
the payment was due until the date of the actual payment.”

     Article 6 — Transfer of Shares

     Except for a Transfer taking the form of a redemption made pursuant to Article 7 or a Transfer
to Accenture Ltd or a subsidiary thereof, no Transfer of Class I Common Shares of the Company by a
Limited Shareholder shall be made unless the General Partner shall have given its prior approval to
a contemplated Transfer. As used in this Article 6, the term “Transfer” shall have the same meaning
as set forth in Article 8 below.

     Except for a Transfer taking the form of a redemption made pursuant to Article 7 or a Transfer
to Accenture Ltd or a subsidiary of Accenture Ltd, if a Limited Shareholder wants to Transfer all
or part of its Class I Common Shares or of all or part of the rights attached thereto, in any form
whatsoever, it must submit an application beforehand to the Company by any means approved by the
General Partner. A Transfer application shall contain the name of the contemplated transferee, the
contemplated sale price or consideration as well as any other relevant information. The decision of
the Company will be made known to the applicant as soon as reasonably practicable after it shall
have been taken. The Company’s decision in respect of the application must be made known to the
Limited Shareholder by any means approved by the General Partner.

     Any Transfer not made in compliance with the terms of these Articles of Association shall,
with respect to the Company, be deemed to be null and void.

     Requests for Transfers to the Company’s subsidiaries may be made in accordance with procedures
to be approved by the General Partner, provided that any transferee, which is a subsidiary of the
Company, shall retain the right, in its sole discretion, to separately refuse such request for
Transfer.”

     Article 7 – Redemption of Shares

     Subject to any contractual restrictions on Transfer by a holder set forth in any contract or
agreement to which the Company or any of its affiliates is a party or set forth in Article 8 of
these Articles of Association, Class I Common Shares shall be redeemable for cash at the option of
the holder by giving irrevocable notice of an election for redemption to the Company.

     At the initiative of the General Partner, the Company is authorised to redeem any Class I
Common Share or any series held by any Limited Shareholder that becomes a Limited Shareholder after
May 31, 2001 (or such other date that the Supervisory Board shall declare to be the date of the
consummation of the Accenture group of companies’ transition to a corporate structure) (a
“Subsequent Limited Shareholder”) for Accenture Ltd Class A Common Shares if the Company receives
a satisfactory opinion from an internationally recognized counsel or professional tax advisor that
such redemption should be tax-free with respect to such Subsequent Limited Shareholder. If the

 Page 7

 

redemption of the Class I Common Share will be done in the context of or accompanied by a
share capital reduction of the Company or a cancellation of Shares, the redemption must in addition
be approved by a resolution at a meeting of Shareholders passed by a two-thirds majority of those
present and voting, including the consent of the General Partner.

     The redemption price for a Class I Common Share to be paid in Accenture Ltd Class A Common
Shares shall equal a number of Accenture Ltd Class A Common Shares equal to the Valuation Ratio (as
defined in Article 24). The redemption price for a Class I Common Share to be paid in cash shall
equal the Valuation Ratio multiplied by the Market Price of an Accenture Ltd Class A Common Share
(as defined in Article 24) as of either (i) the United States trading day (as defined in Article
24) on which the Company receives a notice of an election for redemption with respect to such Class
I Common Share if such notice is received prior to the close of trading of Accenture Ltd Class A
Common Shares on the New York Stock Exchange or any other exchange on which they may be listed from
time to time or (ii) the United States trading day immediately following the United States trading
day on which the Company receives a notice of an election for redemption with respect to such Class
I Common Share (if such notice is received after the close of trading of Accenture Ltd Class A
Common Shares on the New York Stock Exchange or any other exchange on which they may be listed from
time to time). The redemption price for any Class III Common Share or Class III Letter Share shall,
subject to equality of shareholder treatment, be agreed between the Company and the holder thereof.
The redemption price for Class II Common Shares shall constitute 10% of the price agreed in respect
of a Class III Common Share or a Class III Letter Share between the Company and the holder of Class
III Common Shares or of Class III Letter Shares.

     The Company is authorized to redeem its Class II Common Shares or Class III Common Shares at
the initiative of the General Partner. If the redemption of the Class II Common Shares or Class
III Common Shares will be done in the context of or accompanied by a share capital reduction of the
Company or a cancellation of Shares, the redemption of the Shares must be approved by a resolution
at a meeting of Shareholders passed by a two thirds majority of those present and voting, including
the consent of the General Partner.

     Notwithstanding the foregoing, at the option of the Company represented by the General
Partner, the redemption price payable to any Subsequent Limited Shareholder in connection with any
redemption under this Article 7 may be paid in cash or in Accenture Ltd Class A Common Shares and
any holder, including, for the avoidance of doubt, the General Partner, and the Company may agree
that the Company may redeem such holder’s or part of such holder’s Class I Common Shares, Class II
Common Shares, Class III Common Shares and/or Class III Letter Shares for different consideration
or for consideration determined differently.

     Notwithstanding anything to the contrary, a holder of Class I Common Shares shall not be
entitled to have Class I Common Shares redeemed or transferred to the Company or to Accenture Ltd
or any subsidiary thereof, and the Company shall have the right to refuse to honor any request for
redemption of Class I Common Shares, (i) at any time or during any period, including, without
limitation, during a “blackout period,” if the Company determines, based on the advice of
counsel (which may be inside counsel), that there is material non-public information that may
affect the Average Price Per Share (as

 Page 8

 

defined below) at such time or during such period, (ii) if such redemption would be prohibited
under applicable law or regulation (in each case regardless of whether the redemption price is
payable in Accenture Ltd Class A Common Shares, cash or other consideration) or (iii) from the date
of the announcement of a tender offer by the Company or any of its affiliates for Class I Common
Shares, or any securities convertible into, or exchangeable or exercisable for, Class I Common
Shares, until the expiration of ten United States business days after the termination of such
tender offer, provided that nothing in this clause (iii) shall preclude any holder of Class I
Common Shares from tendering Class I Common Shares in any such tender offer.

     The Company may adopt reasonable procedures for the implementation of the redemption
provisions set forth in this Article 7, including, without limitation, procedures for the giving of
notice of an election for redemption.

     Article 8-Transfer Restrictions Applicable to Covered Shares

     1. Each Covered Person shall at all times be the Sole Beneficial Owner of all Covered Shares
beneficially owned by such Covered Person as of or prior to the IPO Date, except as provided
herein. Any Covered Shares Transferred in compliance with this Article 8 shall no longer be subject
to such provisions. Capitalized terms used in this Article 8 shall have the meanings ascribed to
such terms in paragraph 24 of this Article 8.

     2. Notwithstanding paragraph 1, an Employee Covered Person may:

     (i) on or prior to the date that is four years after the IPO Date, Transfer an aggregate of up
to 35% of the aggregate number of Covered Shares beneficially owned by such Employee Covered Person
as of the IPO Date;

     (ii) commencing on the date that is four years after the IPO Date, Transfer an aggregate
(together with all other Transfers made pursuant to this paragraph 2) of up to 45% of the aggregate
number of Covered Shares beneficially owned by such Employee Covered Person as of the IPO Date;

     (iii) commencing on the date that is five years after the IPO Date, Transfer an aggregate
(together with all other Transfers made pursuant to this paragraph 2) of up to 55% of the aggregate
number of Covered Shares beneficially owned by such Employee Covered Person as of the IPO Date;

     (iv) commencing on the date that is six years after the IPO Date, Transfer an aggregate
(together with all other Transfers made pursuant to this paragraph 2) of up to 65% of the aggregate
number of Covered Shares beneficially owned by such Employee Covered Person as of the IPO Date; and

     (v) commencing on the date that is seven years after the IPO Date, Transfer an aggregate
(together with all other Transfers made pursuant to this paragraph 2) of up to 75% of the aggregate
number of Covered Shares beneficially owned by such Employee Covered Person as of the IPO Date.

     3. Notwithstanding paragraph 1, a Covered Person may Transfer any Covered Shares beneficially
owned by such Covered Person as of the IPO Date commencing on the later of (i) the date that is
eight years after the IPO Date and (ii) the date that such Covered Person ceases to be an employee
of the Company.

     4. Notwithstanding paragraph 1, an Employee Covered Person that retires (or has retired) at
the age of 50 or older and is not in contravention of the Non-Competition Agreement (a “Retired
Employee”) may:

 Page 9

 

     (i) if such Retired Employee retires (or has retired) at age 50, Transfer up to that number of
Covered Shares beneficially owned by such Retired Employee as of the IPO Date which is equal to the
product of (x) the aggregate number of Covered Shares beneficially owned by such Retired Employee
as of the IPO Date multiplied by (y) the sum of (a) the percentage of Covered Shares eligible for
sale at the date of such retirement pursuant to paragraph 2 of this Article 8 (the “Base Eligible
Sales”) and (b) the product of (A) (1 minus Base Eligible Sales) multiplied by (B) 0.25;

     (ii) if such Retired Employee retires (or has retired) at age 51, Transfer up to that number
of Covered Shares beneficially owned by such Retired Employee as of the IPO Date which is equal to
the product of (x) the aggregate number of Covered Shares beneficially owned by such Retired
Employee as of the IPO Date multiplied by (y) the sum of (a) the percentage of the Base Eligible
Sales and (b) the product of (A) (1 minus Base Eligible Sales) multiplied by (B) 0.375;

     (iii) if such Retired Employee retires (or has retired) at age 52, Transfer up to that number
of Covered Shares beneficially owned by such Retired Employee as of the IPO Date which is equal to
the product of (x) the aggregate number of Covered Shares beneficially owned by such Retired
Employee as of the IPO Date multiplied by (y) the sum of (a) the percentage of the Base Eligible
Sales and (b) the product of (A) (1 minus Base Eligible Sales) multiplied by (B) 0.50;

     (iv) if such Retired Employee retires (or has retired) at age 53, Transfer up to that number
of Covered Shares beneficially owned by such Retired Employee as of the IPO Date which is equal to
the product of (x) the aggregate number of Covered Shares beneficially owned by such Retired
Employee as of the IPO Date multiplied by (y) the sum of (a) the percentage of the Base Eligible
Sales and (b) the product of (A) (1 minus Base Eligible Sales) multiplied by (B) 0.625;

     (v) if such Retired Employee retires (or has retired) at age 54, Transfer up to that number of
Covered Shares beneficially owned by such Retired Employee as of the IPO Date which is equal to the
product of (x) the aggregate number of Covered Shares beneficially owned by such Retired Employee
as of the IPO Date multiplied by (y) the sum of (a) the percentage of the Base Eligible Sales and
(b) the product of (A) (1 minus Base Eligible Sales) multiplied by (B) 0.75;

     (vi) if such Retired Employee retires (or has retired) at age 55, Transfer up to that number
of Covered Shares beneficially owned by such Retired Employee as of the IPO Date which is equal to
the product of (x) the aggregate number of Covered Shares beneficially owned by such Retired
Employee as of the IPO Date multiplied by (y) the sum of (a) the percentage of the Base Eligible
Sales and (b) the product of (A) (1 minus Base Eligible Sales) multiplied by (B) 0.875; and

     (vii) if such Retired Employee retires (or has retired) at age 56 or above, Transfer 100% of
the Covered Shares beneficially owned by such Retired Employee as of the IPO Date.

     5. A Retired Employee may also Transfer the Covered Shares beneficially owned by such Retired
Employee as of the IPO Date in accordance with paragraph 2 of this Article 8 as if such Retired
Employee were an Employee Covered Person.

     6. Following the first anniversary of the IPO Date, a Retired Employee that reaches (or has
reached) the age of 56 may also Transfer 100% of the Covered Shares beneficially owned by such
Retired Employee as of the IPO Date.

 Page 10

 

     7. Notwithstanding paragraph 1, a Covered Person that became disabled while an employee of the
Company (a “Disabled Employee”) prior to June 15, 2001, may Transfer 100% of Covered Shares
beneficially owned by such Disabled Employee as of the IPO Date. A Covered Person that becomes (or
has become) a Disabled Employee following June 15, 2001 may (i) if such Disabled Employee becomes
disabled (or has become disabled) prior to reaching the age of 50, Transfer Covered Shares
beneficially owned by such Disabled Employee as of the IPO Date in accordance with the provisions
of paragraph 2of this Article 8 as if such Disabled Employee were an Employee Covered Person and
(ii) if such Disabled Employee becomes (or has become) disabled after reaching the age of 50,
Transfer Covered Shares beneficially owned by such Disabled Employee as of the IPO Date in
accordance with the provisions of paragraph 4 of this Article 8 as if such Disabled Employee were a
Retired Employee.

     8. Notwithstanding paragraph 1, a Covered Person may Transfer Covered Shares beneficially
owned by such Covered Person as of the IPO Date pursuant to bona fide pledges of Covered Shares
approved by the Supervisory Board, if any, or its delegate in writing and any foreclosures
thereunder, provided that the pledge has agreed in writing with the Supervisory Board, if any, or
its delegate (any such agreement to be satisfactory to the Supervisory Board, if any, or its
delegate in its sole discretion) that the Company shall have a right of first refusal to purchase
such Covered Shares at the market price prior to any sale of such Covered Shares by such pledgee.
In the event an external auditor has been appointed instead of a Supervisory Board under Article 17
of these Articles of Association, then such approval shall refer to the approval of the General
Partner acting through a committee of at least three Limited Shareholders appointed by the General
Partner or the delegate of such committee.

     9. Notwithstanding paragraph 1, commencing on June 15, 2004, the Covered Shares are redeemable
at the option of the Covered Person for a redemption price per share equal to the lower of (i) the
Valuation Ratio multiplied by the Market Price of an Accenture Ltd Class A Common Share and (ii)
one United States dollar.

     10. Each Covered Person, for so long as such Covered Person is an Employee Covered Person,
will comply with any restrictions on Transfer relating to Class I Common Shares imposed by the
Company pursuant to the Company’s insider trading policies from time to time and notified to such
Covered Person from time to time.

     11. All Transfers of Covered Shares beneficially owned by a Covered Person as of or prior to
the IPO Date made by such Covered Person before the adoption of this Article 8 shall be aggregated,
for purposes of paragraphs 2 through 4, with all Transfers of Covered Shares beneficially owned by
such Covered Person as of or prior to the IPO Date made by such Covered Person after the adoption
of this Article 8.

     12. Notwithstanding paragraph 2, each Covered Person will not Transfer any Covered Shares
until July 24, 2005, except (A) to participate in underwritten public offerings, share repurchases,
sales or redemptions or other transactions, in each case as approved in writing by the Company
and/or (B) to estate and/or tax planning vehicles, family members and charitable organizations that
become bound to the terms of Article 8 of these Articles of Association by express agreement in
writing, in each case as approved in writing by the Company (which approval may be subject to other

 Page 11

 

conditions, including upon the requirement that any transferee become bound by any other
agreement, that the Company may require in its sole discretion). The preceding sentence shall not
preclude any Transfer permitted under paragraph 8 or 9 of this Article 8.

     13. All Covered Shares beneficially owned by a Covered Person (in each case other than Covered
Shares held of record by a trustee in a compensation or benefit plan administered by the Company
and other Covered Shares that have been pledged to the Company (or to a third party agreed to in
writing by the Company) shall, at the sole discretion of the Company, be registered in the name of
a nominee for such Covered Person and/or shall be held in the custody of a custodian until
otherwise determined by the Company or until such time as such Covered Shares are released pursuant
to paragraph 17 or 18 of this Article 8. The form of the custody agreement and the identity of the
custodian and/or nominee shall be as determined by the Supervisory Board, if any, or its delegate
from time to time. In the event an external auditor has been appointed instead of a Supervisory
Board under Article 17 of these Articles of Association, then such determination shall refer to the
determination of the General Partner acting through a committee of at least three Limited
Shareholders appointed by the General Partner or the delegate of such committee.

     14. Whenever any nominee holder shall receive any dividend or other distribution in respect of
any Covered Shares, satisfied otherwise than in Covered Shares, the Company will give or cause to
be given notice or direction to the applicable nominee and/or custodian referred to in paragraph 13
to permit the prompt distribution of such dividend or distribution to the beneficial owner of such
Covered Shares, net of any tax withholding amounts required to be withheld by the nominee, unless
the distribution of such dividend or distribution is restricted by the terms of another agreement
between the Covered Person and the Company (or with any other person with respect to which the
Company has expressly agreed in writing) known to the Company.

     15. Any share certificate representing Covered Shares beneficially owned by a Covered Person,
and any agreement or other instrument evidencing restricted share units, options or other rights to
receive or acquire Covered Shares beneficially owned by such Covered Person, may bear a legend
noted conspicuously on each such certificate, agreement or other instrument reading substantially
as follows:

     The securities represented by this certificate are subject to transfer restrictions set forth
in the company’s articles of association. The securities represented by this certificate may be
sold, exchanged, transferred, assigned, pledged, participated, hypothecated or otherwise disposed
of only in accordance therewith.

     16. The Company shall refuse to register the transfer of Covered Shares not made in
compliance with these Articles of Association and it may enter stop transfer orders against the
transfer of Covered Shares not made in compliance with these Articles of Association.

     17. All Covered Shares of each Covered Person who is not an Employee Covered Person which
could be Transferred without contravening any provision of this Article 8 shall be released from
the custody of the custodian pursuant to procedures to be developed by the Company to or at the
direction of such Covered Person free and clear of all restrictions and legends described above.

     18. A specified number of Covered Shares of an Employee Covered Person shall be released from

 Page 12

 

the custody of the custodian, pursuant to procedures to be developed by the Company, upon the
request of such Employee Covered Person and to or at the direction of such Employee Covered Person
(free and clear of all restrictions and legends described in this Article 8), provided that such
request is accompanied by a certificate of such requesting Employee Covered Person (i) indicating
such requesting Employee Covered Person’s intention to Transfer promptly such specified number of
Covered Shares and (ii) establishing that such specified number of Covered Shares are then
permitted to be Transferred without contravening any Transfer Restrictions (which evidence must be
satisfactory to the Company).

     19. Each Covered Person shall be responsible for all expenses of such Covered Person incurred
in connection with compliance by such Covered Person with its obligations under this Article 8,
including expenses incurred by the Company in enforcing the provisions of Article 8 relating to
such obligations.

     20. In the event of any change in the outstanding Class I Common Shares by reason of stock
dividends, stock splits, reverse stock splits, recapitalizations, combinations, exchanges of shares
and the like, the term “Covered Shares” shall refer to and include the securities received or
resulting therefrom, but only to the extent such securities are received in exchange for or in
respect of Covered Shares. Upon the occurrence of any event described in the immediately preceding
sentence, the Company shall make such adjustments to or interpretations of the provisions of this
Article 8 as the Company shall deem necessary or desirable to carry out the intent of such
provisions. If the Company deems it advisable, any such adjustments may take effect from the record
date, the “when issued trading date,” the “ex dividend date” or another appropriate date.

     21. The provisions of this Article 8 shall be binding upon the respective legatees, legal
representatives, successors and assigns of the Covered Persons; provided, however, that a Covered
Person may not assign or otherwise transfer any of its obligations under such provisions without
the prior written consent of the Supervisory Board, if any, or its delegate and any assignment or
other transfer of rights and/or obligations under this Article 8 by a Covered Person without such
consent of the Supervisory Board, if any, or its delegate shall be void. In the event an external
auditor has been appointed instead of a Supervisory Board under Article 17 of these Articles of
Association, then such prior written consent shall refer to the prior written consent of the
General Partner acting through a committee of at least three Limited Shareholders appointed by the
General Partner or the delegate of such committee.

     22. If requested by the Supervisory Board or its delegate (or in the event an external auditor
has been appointed instead of a Supervisory Board under Article 17 of these Articles of
Association, then if requested by the General Partner acting through a committee of at least three
Limited Shareholders appointed by the General Partner or the delegate of such committee), each
Covered Person shall execute such documents and take such further action as may be reasonably
necessary to effect the provisions of this Article 8.

     23. The Supervisory Board, if any, or its delegate may waive any of the provisions of this
Article 8 to permit particular Covered Persons, a particular class of Covered Persons or all
Covered Persons to Transfer Covered Shares in particular situations (such as Transfers to family
members, partnerships or

 Page 13

 

trusts) or generally. The Supervisory Board, if any, or its delegate may impose such
conditions as the Supervisory Board, if any, or its delegate determines on the granting of such
waivers. The determinations of the Supervisory Board, if any, or its delegate under this paragraph
23 shall be final and binding and need not to be uniform and may be made selectively among Covered
Persons (whether or not such Covered Persons are similarly situated). In the event an external
auditor has been appointed instead of a Supervisory Board under Article 17 of these Articles of
Association, then the authority of the Supervisory Board or its delegate under this paragraph 23
shall be vested in the General Partner acting through a committee of at least three Limited
Shareholders appointed by the General Partner or the delegate of such committee.

     24. For purposes of this Article 8, the following terms have the following meanings:

     A “beneficial owner” of a security includes any person who, directly or indirectly, through
any contract, arrangement, understanding, relationship or otherwise, has or shares: (i) voting
power, which includes the power to vote, or to direct the voting of, such security and/or (ii)
investment power, which includes the power to dispose, or to direct the disposition of, such
security, but for purposes of these Articles of Association a person shall not be deemed a
beneficial owner of Covered Shares (A) solely by virtue of the application of the United States
Securities Exchange Act of 1934, as amended from time to time (the “Exchange Act”) Rule 13d-3(d) or
Exchange Act Rule 13d-5 as in effect on April 18, 2001, (B) solely by virtue of the possession of
the legal right to vote securities under applicable law (such as by proxy, power of attorney or
appointment as corporate representative) or (C) held of record by a “private foundation” subject to
the requirements of Section 509 of the United States Internal Revenue Code of 1986, as amended from
time to time, and the applicable rulings and regulations thereunder (or equivalent in other
jurisdictions as determined from time to time by the Supervisory Board or its delegate, or in the
event an external auditor has been appointed instead of a Supervisory Board under Article 17 of
these Articles of Association, then as determined from time to time by the General Partner acting
through a committee of at least three Limited Shareholders appointed by the General Partner or the
delegate of such committee). “Beneficially own” and “beneficial ownership” shall have correlative
meanings. For purposes of the determination of beneficial ownership only, the provisions of Article
8 shall not be deemed to transfer the investment power with respect to any Class I Common Shares.

     “Covered Person” or “Covered Persons” shall mean those persons, other than the Company, who
were Shareholders on the IPO Date; provided that any Covered Person who was not also a party to
that certain Common Agreement dated as of April 19, 2002 among the Company and the other parties
thereto on the date of adoption of this Article 8 shall not be subject to paragraph 12 of this
Article 8.

     “Company” means Accenture SCA, together, as the case may be and if the context so requires,
with its Subsidiaries from time to time.

     A Covered Person’s “Covered Shares” shall mean any Class I Common Shares beneficially owned by
such Covered Person at the time in question. “Covered Shares” shall also include the securities
that are defined to be “Covered Shares” in paragraph 20 of this Article 8. A Covered Person
“acquires” Covered Shares when such Covered Person first acquires beneficial ownership over such
Covered Shares.

 Page 14

 

     The term “disabled” shall mean “disabled” as defined (i) in any employment agreement then in
effect between the employee and the Company, or (ii) if not defined therein, or if there shall be
no such agreement, as defined in the Company’s long-term disability plan as in effect from time to
time, or (iii) if there shall be no plan, the inability of an employee to perform in all material
respects his duties and responsibilities to the Company for a period of six (6) consecutive months
or for an aggregate of nine (9) months in any twenty-four (24) consecutive month period by reason
of a physical or mental incapacity. Any question as to the existence of a disability as to which
the employee and the Company cannot agree shall be determined in writing by a qualified independent
physician mutually acceptable to the employee and the Company. If the employee and the Company
cannot agree as to a qualified independent physician, each shall appoint such a physician and those
two physicians shall select a third who shall make such determinations in writing. The
determination of disability made in writing to the Company and the employee shall be final and
conclusive for all purposes of this Article 8.

     An “employee” shall include, without limitation, the owners and employees of partner personal
service companies in certain countries with which the Company has personal service contracts (in
each case as agreed by the Supervisory Board or its delegate, or in the event an external auditor
has been appointed instead of a Supervisory Board under Article 17 of these Articles of
Association, then as agreed by the General Partner acting through a committee of at least three
Limited Shareholders appointed by the General Partner or the delegate of such committee), and any
other similarly situated person designated as an “employee” by the Supervisory Board or its
delegate (or in the event an external auditor has been appointed instead of a Supervisory Board
under Article 17 of these Articles of Association, then as designated by the General Partner acting
through a committee of at least three Limited Shareholders appointed by the General Partner or the
delegate of such committee).

     “Employee Covered Person” shall mean a Covered Person that is an employee of the Company at
the time in question, provided that if the Company has received notice that any Covered Person
intends to terminate such Covered Person’s employment with the Company (except in the case of
notice with respect to retirement or disability), such Covered Person shall be deemed not to be an
Employee Covered Person.

     “IPO Date” shall mean July 24, 2001, the date of completion of Accenture Ltd’s initial public
offering.

     “Non-Competition Agreement” shall mean, collectively, any Non-Competition Agreement, dated as
of April 18, 2001, among the Company and the partners from time to time party thereto as such
agreement may be amended from time to time or any agreement having a similar effect.

     “Permitted Basket Transaction” shall mean the purchase or sale of, or the establishment of a
long or short position in, a basket or index of securities (or of a derivative financial instrument
with respect to a basket or index of securities) that includes securities of the Company, in each
case if such purchase, sale or establishment is permitted under the Company’s policy on hedging
with respect to securities of the Company and other relevant policies, including insider trading
policies, as announced from time to time.

 Page 15

 

     “Sole Beneficial Owner” shall mean a person who is the beneficial owner of Covered Shares, who
does not share beneficial ownership of such Covered Shares with any other person (other than
pursuant to these Articles of Association, the Non-Competition Agreement or applicable community
property laws) and who is the only person (other than pursuant to applicable community property
laws) with a direct economic interest in the Covered Shares. An economic interest of the Company
(or of any other person with respect to which the Company has expressly agreed to in writing) as
pledgee shall be disregarded for this purpose. A Covered Person that holds Covered Shares
indirectly through a wholly-owned personal holding company shall be considered the “Sole Beneficial
Owner” of such Covered Shares, provided that such personal holding company is a Covered Person
hereunder. In respect of Covered Shares held a personal holding company or a trust structure, the
share register shall refer both to the legal entity or trust, respectively, as the legal owner and
record owner of the Covered Shares and the beneficial owner(s) of the legal entity or trust,
respectively.

     “Subsidiary” shall mean any person in which Accenture SCA owns, directly or indirectly, at
least a majority of the equity, economic or voting interest.

     “Transfer” shall mean any sale, transfer, pledge, hypothecation, redemption or other
disposition, whether direct or indirect, whether or not for value, and shall include any
disposition of the economic or other risks of ownership of Covered Shares, including short sales of
securities of the Company, option transactions (whether physical or cash settled) with respect to
securities of the Company, use of equity or other derivative financial instruments relating to
securities of the Company and other hedging arrangements with respect to securities of the Company,
in each such case other than Permitted Basket Transaction.

     Article 9 — Liability of Shareholders

     The Limited Shareholders are only liable up to the amount of their capital contribution made
to the Company.

     The General Partner’s liability is and shall be unlimited.

     Article 10 — Meetings of Shareholders

     The annual general meeting of Shareholders shall be held, in accordance with Luxembourg law,
in Luxembourg at the registered office of the Company, or at such other place in Luxembourg as may
be specified in the notice of meeting, on November 15 at 12:00 noon. If such day is not a
Luxembourg business day, the annual general meeting shall be held on the next following Luxembourg
business day.”

     Other meetings of Shareholders may, subject to applicable law, be held at such place and at
such time as may be specified by the General Partner in the respective notices of meeting.

     For the purposes of the Articles of Association, a “Luxembourg business day” shall mean a day
on which banks are ordinarily open for business in the City of Luxembourg, Luxembourg

     Article 11 — Notice, quorum, proxies, majority

     The notice periods and quorum rules required by the Law shall apply with respect to the
meetings of Shareholders of the Company, as well as with respect to the conduct of such meetings,
unless otherwise provided herein.

 Page 16

 

     Each Share is entitled to one vote. A Shareholder may act at any meeting of Shareholders by
appointing another person in writing (whether in original or by telefax, cable, telegram or telex),
whether a Shareholder or not, as its proxy.

     Except as otherwise required by law or by these Articles of Association, resolutions at a
meeting of Shareholders will be passed by a simple majority of those Shares represented and voting
at the meeting and with the consent of the General Partner.

     The following matters shall require a quorum (if and when required as a matter of the Law) of
half of the Company’s issued and outstanding Shares and a two-thirds majority vote of those Shares
represented and voting at the meeting:

     (i) amendment of these Articles of Association;

     (ii) dissolution and the liquidation of the Company;

     (iii) setting of the authorised share capital and the authorisation given to the General
Partner to increase the Company’s share capital within the limits of the authorisation;

     (iv) decrease of the Company’s share capital; and

     (v) sale of all or substantially all of the Company’s assets.

     The following matters shall require a unanimous resolution of all the Shareholders of the
Company:

     (i) the redomestication of the Company (i.e. its migration) by the change of the nationality
of the Company; and

     (ii) the assessment of the Shareholders.

     The Shares shall, as a rule, vote as a single class. Matters adversely affecting the rights
of the holders of a specific share class only shall require a quorum (if and when required as a
matter of the Law) of half of the class’ issued and outstanding Shares and a two-thirds majority
vote of the Shares of that share class and, in respect of such matters but only in respect of such
matters, the holders shall vote as a separate class.

     Article 12 — Convening notice

     Shareholders’ meetings shall be convened by the General Partner or by the Supervisory Board,
if any, pursuant to a notice setting forth the agenda and sent by registered mail at least eight
days prior to the meeting to each Shareholder at the Shareholder’s notice address on record or,
failing which, its residence address on record in the share register of the Company or by two
publications in each of the Luxembourg press and in the Luxembourg Official Gazette (Mémorial),
whereby the first publication shall be made so that the second publication shall be made at least
eight days prior to the meeting and with there being at least an eight-day interval between the
first and the second publications for the meeting.

     If all the Shareholders are present or represented at a meeting of Shareholders, and if they
state that they have been informed of the agenda of the meeting, the meeting may be held without
prior notice.

     The General Partner may determine all reasonable conditions that must be fulfilled by
Shareholders for them to participate in any meeting of Shareholders.

 Page 17

 

     Article 13 — Powers of the meeting of Shareholders

     Any regularly constituted meeting of Shareholders of the Company shall represent the entire
body of Shareholders of the Company. The meeting of Shareholders may resolve on any item only with
the consent of the General Partner.

     Article 14 — Management

     The Company shall be managed by the General Partner who shall be the liable partner (associé -
gérant — commandité) and who shall be personally, jointly and severally liable with the Company for
all liabilities which cannot be met out of the assets of the Company.

     The General Partner is vested with the broadest powers to perform all acts of administration
and disposition in the Company’s interest which are not expressly reserved by the Law or by these
Articles of Association to the meeting of Shareholders or to the Supervisory Board, if any.

     The General Partner shall have the sole authority to institute and direct court proceedings
and to negotiate, settle and compromise disputes on behalf of the Company and may delegate this
authority to such persons or committees as it may designate.

     The General Partner shall have the power on behalf and in the name of the Company to carry out
any and all of the purposes of the Company and to perform all acts and enter into and perform all
contracts and other undertakings that it may deem necessary, advisable or useful or incidental
thereto. Except as otherwise expressly provided, the General Partner has, and shall have full
authority in its discretion to exercise, on behalf of and in the name of the Company, all rights
and powers necessary or convenient to carry out the purposes of the Company.

     Article 15 — Authorised signature

     The Company shall be bound by the corporate signature of the General Partner as made by the
individual or joint signatures of any other persons to whom authority shall have been delegated by
the General Partner as the General Partner shall determine in its discretion.

     Article 16 — Remuneration of General Partner; Expenses

     The General Partner shall receive no remuneration from the Company for its duties. To the
largest extent permitted by applicable law, but without prejudice to the second paragraph of
Article 8, the Company shall bear, and reimburse for, the costs and expenses incurred by the
General Partner resulting from the performance of its duties and/or actions taken on behalf of
and/or for the benefit of the Company and may make advances to the General Partner in connection
therewith (including, without limitation, losses, damages and defense costs resulting from actual
or threatened third party claims).

     Article 17 — Supervisory Board/External Auditor

     The affairs of the Company and its financial situation including particularly its books and
accounts shall be supervised by a supervisory board composed of at least three board members
(herein referred to as the “Supervisory Board”). However, if instead of a Supervisory Board an
external auditor (réviseur d’entreprises) shall be proposed by the General Partner and appointed by
a simple majority vote of the general meeting of Shareholders amongst the members of the Institut
des réviseurs d’entreprises for the duration of and in accordance with the terms of a service
agreement to be entered

 Page 18

 

from time to time in order to audit the Company’s annual accounts in accordance with
applicable Luxembourg law, no Supervisory Board shall be elected by the general meeting of the
Shareholders.

     The Supervisory Board, if any, shall be elected by a simple majority vote of the general
meeting of Shareholders for a maximum term of six years, which shall be renewable.

     The general meeting of Shareholders shall determine the remuneration, if any, of the
Supervisory Board, if a Supervisory Board is elected.

     The Supervisory Board, if any, shall be convened by its chairman (as appointed by the
Supervisory Board, if any, from the Board members) or by the General Partner.

     Written notice of any meeting of the Supervisory Board, if any, shall be given to all members
of the Supervisory Board, if any, with at least eight days prior notice, except in circumstances of
emergency, in which case the nature of such circumstances shall be set forth in the notice of the
meeting. This notice may be waived by the consent in writing, whether in original or by cable,
telegram, telefax or telex of each member. Separate notice shall not be required for individual
meetings held at times and places prescribed in a schedule previously adopted by resolution of the
Supervisory Board, if any. If all the members of the Supervisory Board, if any, are present or
represented at a meeting of Supervisory Board, if any, and if they state that they have been
informed of the agenda of the meeting, the meeting may be held without prior notice.

     Any member may act at any meeting of the Supervisory Board, if any, by appointing in writing,
whether in original or by cable, telegram, telex, telefax or other electronic transmission another
member as his proxy.

     The Supervisory Board, if any, can deliberate or act validly only if at least the majority of
its members are present or represented. Resolutions shall be approved if taken by a majority of the
votes of the members present or represented at such meeting. Resolutions may also be taken in one
or several written instruments signed by all the members.

     No member of the Supervisory Board, if any, shall be liable in respect of any negligence,
default or breach of duty on his own part in relation to the Company and each member of the
Supervisory Board, if any, shall be indemnified out of the funds of the Company against all
liabilities, losses, damages or expenses arising out of the actual or purported execution or
discharge of his duties or the exercise of his powers or otherwise in relation to or in connection
with his duties, powers or office; provided that this exemption from liability and indemnity shall
not extend to any matter which would render them void pursuant to Luxembourg law.

     Article 18 — Accounting year — Accounts

     The accounting year of the Company shall begin on 1st September and it shall terminate on 31st
August of each year.

     The accounts of the Company shall be stated in euro and/or United States dollars or in any
other functionnal currency as decided by the General Partner.

     Article 19 — Allocation of profits

     From the annual net profits of the Company, five per cent (5 %) shall be allocated to the
legal reserve as required by the Law. This allocation shall cease to be required as soon as such
legal reserve

 Page 19

 

amounts to ten per cent (10 %) of the nominal issued share capital of the Company as stated in
Article 5 hereof as increased or reduced from time to time.

     The General Partner shall determine how the annual net profits shall be disposed of, and it
shall decide to pay dividends from time to time, as it, in its discretion, believes to suit best
the corporate purpose and policy of the Company. A general meeting of Shareholders shall have to
approve the General Partner’s decision to pay dividends as well as the profit allocation proposed
by the General Partner.

     Dividends may be paid in Euro or in United States Dollars or in any other currency determined
by the General Partner and they may be paid at such places and times as shall be determined by the
General Partner.

     The General Partner may decide to pay interim dividends under the conditions and within the
limits laid down in the Law.

     Article 20 — Dissolution and liquidation

     The Company may be voluntarily dissolved by a resolution passed at a general meeting of
Shareholders with the consent of the General Partner.

     The liquidation shall be carried out by one or several liquidators (who may be physical
persons or legal entities) named by a general meeting of Shareholders which shall also determine
their powers and their remuneration.

     Each holder of Shares of the Company shall be entitled (to the extent of the availability of
funds or assets in sufficient amount), to the repayment of the nominal share capital amount
corresponding to its Share holdings. The liquidation proceeds (if any), including the return of
nominal share capital, shall be paid so that each Class II Common Share shall entitle its holder to
receive a liquidation payment equal to 10% of any liquidation payment to which a Class I Common
Share or a Class III Common Share or a Class III Letter Share entitles its holder

     Article 21 — Amendments

     These Articles of Association may be amended from time to time by a general meeting of
Shareholders, subject to the quorum and majority requirements provided by the laws of Luxembourg,
and subject to the consent of the General Partner.

     Article 22 — Tax Matters

     The General Partner may, in its sole discretion, make any tax elections with respect to the
Company, provided that the General Partner reasonably determines that any such election would not
have an adverse tax impact on any Shareholder.

     Article 23 — Applicable law

     All matters not governed by these Articles of Association shall be determined by application
of the provisions of Luxembourg law, and, in particular, of the Law.

     Article 24 – Definitions

     The “Average Price Per Share” as of any day shall equal the average of the high and low sales
prices of Accenture Ltd Class A Common Shares as reported on the New York Stock Exchange (or if the
Accenture Ltd Class A Common Shares are not listed or admitted to trading on the New York Stock
Exchange, on the American Stock Exchange, or if the Accenture Ltd Class A Common Shares

 Page 20

 

are not listed or admitted to trading on the American Stock Exchange, on the NASDAQ National
Market, or if the Accenture Ltd Class A Common Shares are quoted on the NASDAQ National Market, on
the over-the-counter market as furnished by any nationally recognized New York Stock Exchange
member firm selected by Accenture Ltd for such purpose), net of customary brokerage and similar
transaction costs as determined with respect to the Company and by the Company.

     The “Market Price of an Accenture Ltd Class A Common Share” as of any day shall equal the
Average Price Per Share as of such day, unless Accenture Ltd sells (i.e. trade date) shares of its
Class A Common Shares on such day for cash other than in a transaction with any employee or an
affiliate and other than pursuant to a preexisting obligation; in which case the “Market Price of
an Accenture Ltd Class A Common Share” as of such day shall be the weighted average sale price per
share, net of brokerage and similar costs.

     A “United States business day” shall mean a day other than a Saturday, Sunday or United States
federal holiday and shall consist of the time period from 12:01 am through 12:00 midnight (Eastern
time).

     A “United States trading day” shall mean a day on which Accenture Ltd Class A Common Shares
are traded on the New York Stock Exchange or any other exchange on which they may be listed from
time to time.

     The “Valuation Ratio” at any time shall equal 1.00, provided that the Valuation Ratio shall be
subject to adjustment from time to time pursuant to the following provisions of this Article 23. If
at any time:

     (i) Accenture Ltd acquires or otherwise holds more than a de miminis amount of assets other
than:

     (a) its shareholding in the Company,

     (b) any direct or indirect interest in its own shares (provided that such shares would not be
treated as an asset of Accenture Ltd on a consolidated balance sheet of Accenture Ltd prepared in
accordance with generally accepted accounting principles in the United States of America) or

     (c) any assets that it holds only transiently prior to contributing or loaning such assets to
the Company (provided that any such transiently held assets are so contributed or loaned prior to
the end of the then current fiscal quarter of Accenture Ltd),

     (ii) Accenture Ltd incurs or otherwise is liable for more than a de miminis amount of
liabilities other than any liability for which it is the obligee under a corresponding liability of
the Company or

     (iii) circumstances otherwise require,
then

     (1) the General Partner shall promptly inform the Supervisory Board, if any, and those members
of the Supervisory Board, if any, that are also Limited Shareholders (in such capacity, the
“Limited Shareholders Committee”) of such fact,

     (2) the General Partner shall provide the Limited Shareholders Committee with such other
information, including financial information or statements, as the Limited Shareholders Committee
may reasonably require in connection with the determinations contemplated by the following clause
(3) of this sentence and

 Page 21

 

     (3) each of the General Partner and the Limited Shareholders Committee shall use their best
efforts to promptly:

     (x) determine whether an adjustment to the Valuation Ratio is required in order to reflect the
relative fair market values of an Accenture Ltd Class A Common Share and a Class I Common Share and

     (y) if such an adjustment is so required, determine a process for equitable adjustment of the
Valuation Ratio (whether based on the financial statements of Accenture Ltd or otherwise and
whether a process for a one-time adjustment or recurring adjustments).

     If the General Partner and the Limited Shareholders Committee determine that an adjustment in
the Valuation Ratio is so required and determine a process for equitable adjustment of the
Valuation Ratio, then the Valuation Ratio shall be adjusted by such process. If no agreement can be
reached promptly (but in any event within 45 days) between the General Partner and the Limited
Shareholders Committee as to whether any such adjustment is so required or as to a process for
equitable adjustment, then the General Partner and the Limited Shareholders Committee shall choose
an independent arbitrator (which may be a leading international investment bank) who is a
recognized expert in the field of company valuation to (x) determine whether an adjustment to the
Valuation Ratio is required in order to reflect the relative fair market values of an Accenture Ltd
Class A Common Share and a Class I Common Share and (y) if such an adjustment is so required,
determine a process for equitable adjustment of the Valuation Ratio (whether based on the financial
statements of Accenture Ltd or otherwise and whether a process for a one-time adjustment or
recurring adjustments). If the arbitrator determines that an adjustment in the Valuation Ratio is
so required and determines a process for equitable adjustment of the Valuation Ratio, then the
Valuation Ratio shall be adjusted by such process. Notwithstanding the foregoing, in the event an
external auditor has been appointed instead of a Supervisory Board under Article 17 of these
Articles of Association, then the Limited Shareholders Committee referred to herein shall refer to
a committee of at least three Limited Shareholders appointed by the General Partner.

     If Accenture Ltd:

     (i) pays a dividend or makes a distribution on its Accenture Ltd Class A Common Shares in
Accenture Ltd Class A Common Shares,

     (i) subdivides its outstanding Accenture Ltd Class A Common Shares into a greater number of
shares,

     (iii) combines its outstanding Accenture Ltd Class A Common Shares into a smaller number of
shares,

     (iv) makes a distribution on its Accenture Ltd Class A Common Shares in shares of its share
capital other than Accenture Ltd Class A Common Shares or

     (iv) issues by reclassification of its Accenture Ltd Class A Common Shares any shares of its
share capital,

     
then the Valuation Ratio in effect immediately prior to such action shall be adjusted so that
the holder of Class I Common Shares thereafter redeemed may receive the redemption price or number
of shares of share capital of Accenture Ltd, as the case may be, which it would have owned
immediately

 Page 22

 

following such action if it had redeemed immediately prior to such action (after taking into
account any corresponding action taken by the Company).

     In the event of any business combination, amalgamation, restructuring, recapitalization or
other extraordinary transaction directly or indirectly involving Accenture Ltd or any of its
securities or assets as a result of which the holders of Accenture Ltd Class A Common Shares shall
hold voting securities of an entity other than Accenture Ltd, the terms “Accenture Ltd Class A
Common Shares” and “Accenture Ltd” shall refer to such voting securities formerly representing or
distributed in respect of Accenture Ltd Class A Common Shares and such entity, respectively.

 Page 23

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