Document:

Exhibit 4.1

 

	
   

  	
  INCORPORATED UNDER THE CANADA business
  corporations act

  	
   

  
	
   

  	
   

  	
   

  
	
  Number

  	
   

  	
  Shares

  
	
   

  	
   

  	
  ****0*********

  
	
   

  	
  GEAC COMPUTER CORPORATION LIMITED

  	
  *****0********

  
	
  ZQ 123456

  	
   

  	
  ******0*******

  
	
   

  	
   

  	
  ********0*****

  
	
   

  	
   

  	
  *********0****

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  THIS
  CERTIFIES THAT

  	
   

  	
  CUSIP
  368289 10 4

  
	
   

  	
  SPECIMEN

  	
   

  
	
   

  	
   

  	
  ISIN
  CA 3682891047

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  SEE REVERSE FOR CERTAIN DEFINITIONS

  
	
   

  	
   

  	
   

  
	
  is
  the registered holder of

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  *** ZERO ***

  	
   

  
	
   

  	
   

  	
   

  
	
   

  
	
  FULLY
  PAID AND NON-ASSESSABLE common SHARES
  without par value in the capital of

  
	
   

  
	
  Geac Computer Corporation Limited

  
	
   

  
	
  transferable on the books of the Corporation only upon
  surrender of this certificate properly endorsed.

  
	
   

  
	
  This
  certificate is not valid unless countersigned by the Transfer Agent and
  Registrar or the Co-Transfer Agent and Co-Registrar of the Corporation.

  
	
   

  
	
  IN WITNESS WHEREOF the
  Corporation has caused this certificate to be signed on its behalf by the
  facsimile signatures of its duly authorized officers.

  
	
   

  
	
  Dated:

  	
  COUNTERSIGNED AND
  REGISTERED

  	
  COUNTERSIGNED AND
  REGISTERED

  
	
   

  	
  COMPUTERSHARE TRUST COMPANY 

  INC.

  	
  COMPUTERSHARE TRUST COMPANY OF
  CANADA

  
	
   

  	
  (DENVER, CO)

  	
  (TORONTO, ON)

  
	
   

  	
  USA CO-TRANSFER AGENT AND
  CO-REGISTRAR

  	
  TRANSFER AGENT AND
  REGISTRAR

  
	
   

  	
   

  	
   

  
	
  /s/
  Charles S. Jones

  	
   

  	
   

  
	
  President
  and 

  Chief Executive Officer

  	
   

  	
   

  
	
  CANCELLED

  	
   

  	
  CANCELLED

  
	
   

  	
  By

  	
   

  	
   

  	
  By

  	
   

  
	
   

  	
   

  	
  AUTHORIZED
  OFFICER

  	
   

  	
  AUTHORIZED
  OFFICER

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  /s/
  Craig Thorburn

  	
  The
  shares represented by this certificate are transferable at the offices of

  Computershare Trust Company of Canada in Toronto, ON and at the offices of 

  Computershare Trust Company Inc. in Denver, CO.

  	
   

  
	
  Secretary

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
													

 

	
  SECURITY
  INSTRUCTIONS ON REVERSE

  	
   

  	
  VOIR
  LES INSTRUCTIONS DE SÉCURITÉ AU VERSO

  

 

299804

 

The shares represented by this
certificate have rights, privileges, restrictions and conditions attached
thereto and the Corporation will furnish to a shareholder, on demand and
without charge, a full copy of the text of: (a) the rights, privileges,
restrictions and conditions attached to each class authorized to be issued and
to each series in so far as the same have been fixed by the directors; and (b)
the authority of the directors to fix the rights, privileges, restrictions and
conditions to subsequent series.

 

The following abbreviations
shall be construed as though the words set forth below opposite each abbreviation
were written out in full where such abbreviation appears:

 

	
  TEN
  COM

  	
  -

  	
  as
  tenants in common

  
	
  TEN
  ENT

  	
  -

  	
  as
  tenants by the entireties

  
	
  JT
  TEN

  	
  -

  	
  as
  joint tenants with rights of survivorship and not as tenants in common

  
	
  (Name) CUST (Name) UNIF

  	
  -

  	
  (Name) as Custodian for
  (Name) under the

  
	
  GIFT MIN ACT (State)

  	
   

  	
  (State) Uniform Gifts to
  Minors Act

  
	
   

  	
   

  	
   

  
	
  Additional abbreviations
  may also be used though not in the above list.

  
	
   

  
	
  * Please insert
  Social Insurance, Tax Identification, or other identifying number of
  transferee

  
	
   

  
	
  For value received the
  undersigned hereby sells, assigns and transfers unto

  
	
   

  
	
  Insert
  name and address of transferee

  
	
   

  
	
   

  
	
   

  	
  shares

  
	
  represented by this
  certificate and does hereby irrevocably constitute and appoint

  	
   

  
	
   

  	
   

  
	
   

  	
  the
  attorney

  
	
  of the undersigned to transfer the said shares
  on the books of the Corporation with full power of substitution in the
  premises.

  	
   

  
	
   

  	
   

  	
   

  
	
  DATED:

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Signature
  of Shareholder

  	
   

  	
  Signature
  of Guarantor

  
											

 

Privacy
Notice:

In the course of providing
services to you and our corporate clients, Computershare receives non-public
personal information about you - your name, address, social insurance number,
securities holdings, transactions, etc. We use this to administer your account,
to better serve your and our clients’ needs and for other lawful purposes.  We have prepared a Privacy Code to tell you
more about our information practices and how your privacy is protected.  It is available at our website,
computershare.com, or by writing us at 100 University Avenue, Toronto, Ontario,
M5J 2Y1. You are required to provide your SIN if you will receive income on
these securities.  We will use this
number for income reporting. 
Computershare may also ask for your SIN as an identification-security
measure if you call or write to request service on your account; however you
may decline this usage.

 

The signature on this
assignment must correspond with the name as written upon the face of this
certificate, in every particular, without alteration or enlargement, or any
change whatsoever and must be guaranteed by a major Canadian Schedule I
chartered bank, a major trust company in Canada or a member of an acceptable
Medallion Signature Guarantee Program (STAMP, SEMP, MSP).  The Guarantor must affix a stamp bearing the
actual words “Signature Guaranteed”.

 

In the USA, signature guarantees
must be done by members of a “Medallion Signature Guarantee Program” only.

 

Signature guarantees are not
accepted from Treasury Branches, Credit Unions or Caisses Populaires unless
they are members of the Stamp Medallion Program.

 

“Until the Separation Time (as
such term is defined in the Amended and Restated Shareholder Protection Rights
Agreement dated as of August 1, 2003 as amended from time to time (the “Rights
Agreement”) between Geac Computer Corporation Limited (the “Corporation”) and
Computershare Trust Company of Canada, as Rights Agent) this certificate also
evidences and entitles the holder hereof to certain Rights as set forth in the
Rights Agreement, the terms of which are hereby incorporated herein by reference
and a copy of which is on file and may be inspected during normal business
hours at the head office of the Corporation. 
In certain circumstances, as set forth in the Rights Agreement, such
Rights may be amended, may be redeemed, may expire, may become void or may be
evidenced by separate certificates and may no longer be evidenced by this
certificate.  The Corporation will mail
or arrange for the mailing of a copy of the Rights Agreement to the holder of
this certificate without charge promptly after the receipt of a written request
therefor.”

 

 

SECURITY INSTRUCTIONS - INSTRUCTIONS DE SÉCURITÉ

 

	
  THIS IS
  WATERMARKED PAPER, DO NOT ACCEPT WITHOUT NOTING

  	
  

  
	
  WATERMARK.
  HOLD TO LIGHT TO VERIFY WATERMARK.

  
	
   

  
	
  PAPIER
  FILIGRANÉ, NE PAS ACCEPTER SANS VÉRIFIER LA PRÉSENCE

  
	
  DU
  FILIGRANE. POUR CE FAIRE, PLACER L À LUMIÈRE.Exhibit 4.4

 

GEAC
COMPUTER CORPORATION LIMITED

 

 

Adopted with effect from September 15, 2004

 

 

RESTRICTED SHARE UNIT PLAN

 

 

1.             PURPOSE
AND DEFINITIONS

 

1.1           Title.

 

The Plan herein described shall be called the “Geac
Computer Corporation Limited Restricted Share Unit Plan”.

 

1.2           Purpose of the Plan.

 

The purposes of the Plan are:

 

1.2.1.1             to promote further alignment of interests between key employees and
the shareholders of the Corporation;

 

1.2.1.2             to provide a compensation system for key employees that is
reflective of the responsibility, commitment and risk accompanying their role;

 

1.2.1.3             to assist the Corporation to attract and retain individuals with
experience and ability; and

 

1.2.1.4             to allow eligible key employees of the Corporation to participate in
the success of the Corporation.

 

1.3           Definitions.

 

1.3.1        “Affiliate” means an affiliate of the Corporation as the term “affiliate” is
defined under the Canada Business Corporations Act.

 

1.3.2        “Applicable
Law” means any applicable provision of law, domestic
or foreign, including, without limitation, applicable securities legislation,
together with all regulations, rules, policy statements, rulings, notices,
orders or other instruments promulgated thereunder and Stock Exchange Rules.

 

1.3.3        “Board” means the Board of Directors of the
Corporation.

 

1.3.4        “Committee” means the Human Resources and Compensation Committee of the Board
or such other committee of the Board which may be appointed by the Board to, inter alia, interpret, administer and implement the Plan.

 

1.3.5        “Corporation” means Geac Computer Corporation Limited and
any successor corporation whether by amalgamation, merger or otherwise.

 

1.3.6        “Disability” means the Participant’s physical or mental long-term inability to
substantially fulfil his duties and responsibilities on behalf of the
Corporation or, if applicable, an Affiliate in respect of which the 

 

 

Participant
commences receiving, or is eligible to receive, long-term disability benefits
under the Corporation’s or an Affiliate’s long-term disability plan.

 

1.3.7        “Eligible
Employee” means such employees of the Corporation or a Subsidiary as the Board may designate from time to
time as eligible to participate in the Plan.

 

1.3.8        “Fiscal
Year” means a fiscal year of the Corporation.

 

1.3.9        “Grant
Agreement” means an agreement between the
Corporation and a Participant under which a Share Unit is granted, as
contemplated by section 3.1, together with such amendments, deletions or
changes thereto as are permitted under the Plan.

 

1.3.10      “Grant Date” of a
Share Unit means the date a Share Unit is granted to a Participant under the
Plan.

 

1.3.11      “including” means
including without limitation.

 

1.3.12      “Independent Broker”
means a registered broker which is independent under Stock Exchange Rules.

 

1.3.13      “Market Value” means,
with respect to a Unit on any particular date, the average volume weighted
trading price per Share on the TSE over the five Trading Days immediately prior to that date or, in the event that the Shares are not listed and posted for
trading on the TSE, or any Stock Exchange, or in the event the Shares are not
listed on any Stock Exchange, the Fair Market Value shall be the fair market
value of the Shares as determined by the Corporation in its discretion, acting
reasonably and in good faith.

 

1.3.14      “Nasdaq” means The
NASDAQ Stock Market, Inc.

 

1.3.15      “Participant” means an
Eligible Employee who agrees to participate in the Plan and in the terms set
forth in a Grant Agreement who receives a grant of Share Units under the Plan.

 

1.3.16      “Payout” means, with
respect to each Vested Unit, one Share or, in the discretion of the
Corporation, a cash payment equal to the Market Value of such Vested Unit on
the Vesting Date.

 

1.3.17      “Payout Date” means a
date selected by the Corporation, in accordance with and as contemplated by section 5.1 or section 5.2 as applicable.

 

1.3.18      “Plan” means this Geac
Computer Corporation Limited Restricted Share Unit Plan, as amended from time
to time.

 

2

 

1.3.19      “Reorganization” means
any (i) capital reorganization, (ii) 
amalgamation, (iii) offer for Shares, where the Shares subject to the
offer, together with the offeror’s Shares and Shares of any person or company
acting jointly or in concert with the offeror, constitute in the aggregate 20%
or more of the Shares; (iv) acquisition by a person of Shares such that the
Shares acquired, together with the person’s Shares and Shares of any person or
company acting jointly or in concert with such person, constitute in the
aggregate 20% or more of the Shares outstanding immediately after such
acquisition, unless another person has previously acquired and continues to
hold Shares that represent a greater percentage than the first-mentioned
person; (v) arrangement, plan of arrangement or other scheme or reorganization,
or (vi) extraordinary distributions to shareholders, including cash dividends,
dividends in kind and return of capital.

 

1.3.20      “Retirement” means the
retirement of the Participant from employment with the Corporation or an
Affiliate in accordance with the normal retirement policy of the Corporation
or, if applicable, the normal retirement policy of the Affiliate from which the
Participant retires.

 

1.3.21      “Share” means a Common Share of the
Corporation and such other share into which such shares
may be converted, reclassified, redesignated, subdivided, consolidated,
exchanged or otherwise changed or as may be substituted therefor as a result of amendments to the
articles of the Corporation, arrangement, reorganization or otherwise,
including any rights that form a part of the Common Share or substituted share.

 

1.3.22      “Share Unit”
means a unit credited by means of an entry on books of
the Corporation to a Participant pursuant to the Plan, representing the right
to receive for each Vested Unit one Share or in the discretion of the
Corporation, a cash payment equal to the Market Value thereof, at the time, in
the manner, and subject to the terms, set forth in the Plan.

 

1.3.23      “Share Unit Account”
has the meaning ascribed thereto in section 4.1.

 

1.3.24      “Stock Exchanges”
means the TSE, Nasdaq and any other stock exchange on which the Shares are
listed, or if the Shares are not listed on any stock exchange, then the
over-the-counter market.

 

1.3.25      “Stock Exchange Rules”
means the applicable rules of the Stock Exchanges.

 

1.3.26      “Subsidiary” means a subsidiary of the
Corporation as defined by the Canada Business Corporations Act.

 

3

 

1.3.27      “Trading Day” means any date on which the
applicable Stock Exchange is open for the trading of Shares and on which at
least a board lot of Shares actually traded.

 

1.3.28      “Trustee” means such
person or persons as may from time to time be appointed by the Corporation as
trustee.

 

1.3.29      “Trust Fund” means a
trust fund established by the Corporation under section 5.6 for the
purpose of purchasing Shares to make Payouts in that form in respect of Share
Units granted pursuant to the Plan.

 

1.3.30      “TSE” means The
Toronto Stock Exchange.

 

1.3.31      “Vesting Date” means
the date the Share Units of a Participant become Vested Share Units in
accordance with Article 3.

 

1.3.32      “Vested Share Units” has the meaning ascribed thereto in
section 3.5.

 

1.4           Gender, Singular, Plural. 
In the Plan, references to the masculine include the feminine; and
references to the singular shall include the plural and vice versa, as the
context shall require.

 

1.5           Governing Law.  The Plan shall be governed and
interpreted in accordance with the laws of the Province of Ontario and any
actions, proceedings or claims in any way pertaining to the Plan shall be
commenced in the courts of the Province of Ontario.

 

1.6           Severability.  If any provision of the Plan or
part hereof is determined to be void or unenforceable all or in part, such
determination shall not affect the validity or enforcement of any other
provision or part thereof.

 

1.7           Headings, Sections. 
Headings wherever used herein are for reference purposes only and do not
limit or extend the meaning of the provisions herein contained.  A reference to a section or
schedule shall, except where expressly stated otherwise, mean a section or
schedule of the Plan, as applicable.

 

1.8           Currency.  Except where expressly
provided otherwise, all references in the Plan to currency refer to lawful
Canadian currency.

 

2.             EFFECTIVE
DATE 

 

2.1           Effective Date.  The Corporation is establishing
the Plan, effective on September 15, 2004.

 

4

 

3.             SHARE
UNIT GRANTS AND PERFORMANCE PERIODS  

 

3.1           Grant of Share Units. 
The Corporation may grant Share Units to an Eligible Employee or
Eligible Employees in such number and at such times as the Corporation may, in
its sole discretion, determine, as a bonus or similar payment in respect of
services rendered by the Eligible Employee in a Fiscal Year.  Each grant and the
participation of an Eligible Employee in the Plan shall be evidenced by a
written agreement between the Corporation and the Eligible Employee in the form
approved by the Committee.  An Eligible
Employee who receives a grant of Share Units and enters into such written
agreement shall be a Participant under the Plan.

 

3.2           Share Units.  Each
Share Unit will give the Participant the right to receive, with respect to each
such Share Unit which has become a Vested Share Unit pursuant to the provisions
of the Plan and in accordance with and subject to the terms of the Grant
Agreement relating to such Share Unit, one Share or, in the discretion of the
Corporation, a cash payment equal to the Market Value of such Unit.

 

3.3           Performance Period. 
Share Units granted hereunder shall, unless
otherwise determined by the Corporation and as specifically set out in the
Grant Agreement, and subject to the terms of this Plan and the Grant Agreement,
vest and become available for a Payout as to 33% of the Share Units, on the
first anniversary of the Grant Date, as to an additional 33% of the Share
Units, on the second anniversary of the Grant Date and as to the balance, on
the third anniversary of the Grant Date.

 

3.4           Other
Terms and Conditions.  Subject to the terms of the Plan, the Corporation may determine other terms or conditions of any Share Units,
including:

 

3.4.1        any
additional conditions with respect to the vesting of Share Units, in whole or
in part, or the payment of cash or the provision of Shares under the Plan, in
respect of Vested Share Units, including conditions in respect of

 

a.             the market price of the Shares;

 

b.             the return to holders of Shares, with or without reference to other
companies comparable to the Corporation;

 

c.             the financial performance or results of the Corporation or a
Subsidiary or business unit thereof;

 

d.             other performance criteria relating to the Corporation, or a
Subsidiary or business unit thereof;

 

e.             ownership of Shares by a Participant;

 

5

 

f.              restrictions on the re-sale of Shares acquired under the Plan
including escrow arrangements; and

 

g.             any other terms and conditions the Corporation may in its discretion
determine with respect to vesting; and

 

3.4.2        restrictions
on the re-sale of Shares including escrow arrangements; and

 

3.4.3        any other
terms and conditions the Corporation may in its discretion determine;

 

which
shall be set out in the Grant Agreement.

 

The
conditions may relate to all or a portion of the Share Units in a grant and may
be graduated such that different percentages (which may be greater or lesser
than 100%) of the Share Units in a grant will become vested depending on the
extent of satisfaction of one or more such conditions.

 

The
Corporation may, in its discretion, subsequent to the Grant Date of a Share
Unit, waive any such term or condition or determine that it has been satisfied.

 

For
greater certainty, no term or condition of the Plan imposed under a Grant
Agreement may have the effect of causing payment of the value of a Share Unit
to a Participant, or his legal representative, to occur after December 31
of the third calendar year following the calendar year that includes the last
day of the Fiscal Year in respect of which such Share Unit was granted.

 

3.5           Vesting.  Share
Units granted to a Participant under section 3.1 in respect of a year,
including dividend equivalent Share Units granted to the Participant in respect
of such Share Units pursuant to section 4.2, shall vest in accordance with
this Article 3 and shall become payable in accordance with Article 5.  Except where the context requires otherwise,
each Share Unit which is vested pursuant to this Article 3 and each
additional Share Unit which is granted pursuant to section 4.2 in respect
of such Share Units shall be referred to herein as a “Vested Share Unit” and
collectively as “Vested Share Units”. 
Share Units which have been granted to a Participant and which do not
vest in accordance with this Article 3 shall be cancelled and the
Participant will have no further right, title or interest in such Share Units.

 

3.6           No
Certificates.  No certificates shall be issued with respect
to Share Units.

 

3.7           No
Rights to Shares.  Share Units are not Shares and the grant of
Share Units shall not entitle a Participant to any shareholder rights,
including, without limitation, voting rights, dividend entitlement or rights on
liquidation.

 

6

 

4.             ACCOUNTS,
DIVIDEND EQUIVALENTS AND REORGANIZATION

 

4.1           Share Unit Account. 
An account, to be known as a “ Share Unit Account” shall be maintained
by the Corporation for each Participant and will be credited with such notional
grants of Share Units as are received by a Participant from time to time
pursuant to sections 3.1 and 4.2.  Share
Units that fail to vest in a Participant pursuant to Article 3, or in
respect of which the Participant or his legal representative receives a Payout,
shall be cancelled and shall cease to be recorded in the Participant’s Share
Unit Account as of the date on which such Share Units fail to vest or the
Payout is made, as the case may be.

 

4.2           Dividend Equivalent Share Units. 
Whenever cash dividends are paid on the Shares, additional Share Units
will be credited to the Participant’s Share Unit Account in accordance with
this section 4.2.  The number of
such additional Share Units will be calculated by dividing the cash dividends
that would have been paid to such Participant if the Share Units recorded in
the Participant’s Share Unit Account (the “Outstanding Share Units”) as at the
record date for the dividend had been Shares by the Market Value on the date on
which the dividends are paid on the Shares. 
Fractional Share Units may thereby be created.  Share Units credited under this section 4.2
shall vest when and to the extent the Outstanding Share Units in respect of
which such Share Units have been credited vest, as contemplated by section 3.5.

 

4.3           Adjustments.  In the event of any stock dividend,
stock split, combination or exchange of shares, reclassification,
Reorganization, consolidation, spin-off or other distribution (other than
normal cash dividends) of Corporation assets to shareholders, or any other
similar changes affecting the Shares, such proportionate adjustments, to
reflect such change or changes shall be made with respect to the number of
Share Units outstanding under the Plan, all as determined by the Corporation in
its sole discretion.

 

4.4           Reorganization. 
In the event of a Reorganization or proposed Reorganization, the
Corporation, at its option, may, subject to Stock Exchange Rules, cause either
of the following:

 

4.4.1        the
Corporation may make a Payout, in respect of, 
and cancel, Share Units upon giving to any Participant to whom such
Share Units have been granted at least 10 days’ written notice of its intention
to do so, and a Payout in respect of such Share Units shall be made in
accordance with Article 5, without regard to the vesting provisions
attached to the Share Units; or

 

4.4.2        the
Corporation, or any corporation which is or would be the successor to the
Corporation or which may issue securities in exchange for Shares upon the
Reorganization becoming effective, may, upon notice to the Participant,
substitute for Shares under this Plan securities into which the 

 

7

 

Shares
are changed or are convertible or exchangeable, on a basis proportionate to the
number of Share Units in the Participant’s Share Unit Account or some other
appropriate basis.

 

The
Corporation may specify in any notice under this section 4.4, that, if for
any reason, the Reorganization is not completed, the Corporation may revoke
such notice.  The Corporation may
exercise such right of revocation by further notice in writing to the
Participant and the Share Units shall thereafter continue to be allocated to
the Participant in accordance with their terms and no Payout or distribution of
securities pursuant to the original notice shall be made.

 

This section is
intended to be permissive and paragraphs 1 and 2 hereof may be utilized
independently or successively or in combination or otherwise.

 

5.             PAYMENT
OF SHARE UNIT AWARDS

 

5.1           Participant
Continuing in Employment.  Each Participant
who continues in employment with the Corporation or an Affiliate on a Vesting
Date shall receive a Payout for each Vested Unit, less withholding tax and
other required source deductions.  Such
Payout shall be made to the Participant, his beneficiary, or his legal
representative, as applicable, within 30 days following the Vesting Date and in
any event prior to December 31 of the calendar year of the Vesting
Date.  For greater certainty, no interest
shall accrue to, or be credited to, the Participant on any amount payable under
the Plan.

 

5.2           Disability,
Death or Retirement.  Unless otherwise determined by the
Corporation, if the active employment of an Participant is terminated by reason
of Disability, death or Retirement prior to a Vesting Date or Vesting Dates,
the Participant, his beneficiary or his legal representative, as applicable,
shall be entitled to each Payout (if any), less withholding tax and other
required source deductions, to which the Participant would have been entitled
had he continued in active employment with the Corporation or an Affiliate
throughout to each such Vesting Date and then prorated to reflect the actual
period(s) between the Grant Date and the date of the Participant’s termination
of active employment by reason of Disability, death or Retirement, as
applicable.  Such payment(s) shall be
made to the Participant or to his legal representative, as applicable, as soon
as practicable and in any event prior to December 31 of such calendar
year(s) in which each such Vesting Date occurs. 
Any Share Units recorded in such Participant’s Share Unit Account not
vested (including after giving effect to this section 5.2) shall be
cancelled without payment.

 

5.3           Termination
of Employment During Performance Period.  Unless
otherwise determined by the Corporation, if the employment of a Participant
with the Corporation or an Affiliate, is terminated by the Corporation, an
Affiliate or the Participant, including any termination without cause, by the
Corporation or any Affiliate, otherwise than by reason of Disability,
Retirement or death, the 

 

8

 

Participant
will not be entitled to any payment of Share Units which are not Vested Share
Units at the time the Participant’s employment terminates.  Any such Share Units recorded in a
Participant’s Share Unit Account shall be cancelled without payment.  For greater certainty, a Participant’s
employment with the Corporation or an Affiliate, as the case may be, shall be
deemed not to be terminated by reason of a transfer of employment from the
Corporation to an Affiliate, between Affiliates or from an Affiliate to the
Corporation.

 

5.4           Whole
Number of Shares.  The number of Shares to be issued or provided
shall be equal to the whole number of Share Units subject to the Payout.  Where the number of Share Units allocated
would result in the provision of a fractional Share Unit in the form of a
fractional Share, the number of Share Units to be provided in the form of
Shares shall be rounded down to the next whole number of Share Units.  No fractional Shares shall be provided nor
shall cash be paid at any time in lieu of any such fractional interest.  Any such fractional interests of a Share Unit
which, together with other fractional interests, form a whole Share Unit, shall
be provided in the form of a Share as part of the Share Units to be provided to
the Participant on the next applicable Vesting Date, if any.

 

5.5           Share Purchases.  Any purchases of Shares pursuant to the Plan
shall be made on the open market by a trustee appointed for this purpose using
an Independent Broker.  Any such
designation may be changed from time to time.

 

5.6           Contributions
to Trust Fund. 
The Corporation may establish a Trust Fund and may from time to time, on
its own behalf and on behalf of such of its Subsidiaries as employ Eligible
Employees, make contributions to the Trust Fund in such amounts and at such
times as may be specified by the Corporation for the purpose of funding, in
whole or in part, the purchase of Shares in the open market to make Payouts in
respect of Share Units which become payable to Eligible Employees pursuant to
the Plan.  If and to the extent the Trust
Fund holds Shares pending Payouts under the Plan, the Trustee shall exercise
all rights relating to the Shares.

 

6.             ADMINISTRATION

 

6.1           Committee.  Unless otherwise determined by
the Board, the Plan shall be administered by the Committee and actions or
determinations to be taken by the Corporation shall be taken by the Committee.

 

6.2           Delegation.  The Committee may also delegate to any
director, officer or employee of the Corporation such duties and powers
relating to the Plan as it may see fit. 
The Corporation may also appoint or engage the Trustee or a trustee,
custodian or administrator to administer or implement the Plan.

 

6.3           Compliance with Laws and Policies.  Each Participant shall
acknowledge and agree (and shall be conclusively deemed to have so acknowledged
and agreed by participating in the Plan) that the Participant will, at all
times, act in strict 

 

9

 

compliance
with Applicable Law and any policies of the Corporation applicable to the
Participant in connection with the Plan. 
Such laws, regulations, rules and policies shall include, without
limitation, those governing “insiders” of “reporting issuers” as those terms
are construed for the purposes of applicable securities laws, regulations and
rules.

 

6.4           Subject to Law.  The Corporation’s grant of any Share Units or
the obligation of the Corporation or any Affiliate to provide any Shares or to
make any payments hereunder is subject to compliance with Applicable
Law.  As a condition of participating in the Plan, each Participant
agrees to comply with all such Applicable Law and agrees to furnish to the
Corporation all information and undertakings as may be required to permit
compliance with Applicable Law.

 

6.5           Withholdings.  The Corporation or an Affiliate may withhold
or cause to be withheld from any amount payable to a Participant, either under
this Plan or otherwise, such amount as may be necessary so as to ensure that
the Corporation or any Affiliate will be able to comply with the applicable
provisions of any law relating to the withholding of tax or other required
deductions, including on the amount, if any, includable in the income of a
Participant.  The Corporation or any
Affiliate shall also have the right in its discretion to satisfy any such
withholding tax liability by retaining, acquiring or selling, or directing the
Trustee or any other trustee, custodian or administrator to retain, hold or
sell, any Shares which would otherwise be provided to a Participant
hereunder.  The Corporation in its
discretion may condition the grant of a Share Unit or the distribution of a
Payout on the Participant making satisfactory arrangements for the withholding
of tax or other required deductions.

 

6.6           Statements. 
The Corporation shall keep or cause to be kept such records and accounts
as may be necessary or appropriate in connection with the administration of the
Plan and the discharge of its duties.  At
such times as the Corporation shall determine, the Corporation shall furnish
the Participant with a statement setting forth the details of his or her Share
Units including the Grant Date and the Vested and unvested Share Units held by each
Participant.  Such statement shall be
deemed to have been accepted by the Participant as correct unless written
notice to the contrary is given to the Corporation within 30 days after such
statement is given to the Participant.

 

6.7           Notices.  Any payment, notice, statement, certificate or other instrument
required or permitted to be given to a Participant or any person claiming or
deriving any rights through him or her shall be given by:

 

6.7.1        delivering
it personally to the Participant or to the person claiming or deriving rights
through him or her, as the case may be; or

 

10

 

6.7.2        mailing
it postage paid (provided that the postal service is then in operation) or
delivering it to the address which is maintained for the Participant in the
Corporation personnel records.

 

Any
payment, notice, statement, certificate or other instrument required or
permitted to be given to the Corporation shall be given by mailing it postage
paid (provided that the postal service is then in operation), delivering it to
the Corporation at its principal address, or (other than in the case of a
payment) sending it by means of facsimile or similar means of electronic
transmission, to the attention of the Senior Vice-President, Human Resources or
any such person as the Committee may designate.

 

Any
payment, notice, statement, certificate or other instrument referred to in
paragraph 1 or 2 of this section 6.7, if delivered, shall be deemed to
have been given or delivered on the date on which it was delivered, if mailed
(provided that the postal service is then in operation), shall be deemed to
have been given or delivered on the second business day following the date on
which it was mailed and if by facsimile or similar means of electronic
transmission, on the next business day following transmission.

 

6.8           No Additional Rights.  Neither designation of an
employee as an Eligible Employee nor the grant of any Share Units to any
Eligible Employee or Participant entitles any Eligible Employee or Participant
to the grant, or any additional grant, as the case may be, of any Share Units
under the Plan.

 

6.9           No
Employment Rights.  Nothing herein contained shall be deemed to
give any person the right to be retained as an employee of the Corporation or
of an Affiliate.  For greater certainty,
a period of notice, if any, or payment in lieu thereof, upon termination of
employment, wrongful or otherwise, shall not be considered as extending the
period of employment for the purposes of the Plan.

 

6.10         Participation Voluntary. 
Participation in the Plan shall be entirely voluntary and any decision
not to participate shall not affect any employee’s employment with the
Corporation, a Subsidiary or an Affiliate.

 

6.11         Amendment, Termination. From time
to time the Corporation may, in addition to its powers under the Plan, add to
or amend any of the provisions of the Plan or suspend or terminate the Plan or
amend the terms of any Share Units granted under the Plan; provided, however,
that (i) any approvals required under any Applicable Law are obtained, and (ii)
no such amendment or termination shall be made at any time which has the effect
of adversely affecting the existing rights of a Participant under the Plan with
respect to Share Units that have been granted to them under the Plan without
his or her consent in writing.  Upon the termination of the Plan, in
whole or in part, the Corporation shall, in its discretion, determine whether
the outstanding Share Units (including Vested and unvested Share Units) or a
portion thereof credited to a Participant affected by the termination shall be 

 

11

 

redeemed and paid out in a lump sum cash payment net
of any applicable withholdings or held for the credit of the Participant and
redeemed and paid out at a later date in accordance with the terms of the Plan
and the applicable Grant Agreement in effect immediately prior to the
termination of the Plan.

 

6.12         Administration Costs. 
The Corporation will be responsible for all costs relating to the
administration of the Plan.

 

7.             ASSIGNMENT

 

7.1           Assignment.  The assignment or transfer of
the Share Units, or any other benefits under this Plan, shall not be permitted
other than by operation of law.

 

7.2           Beneficiaries and Claims for Benefits.  Subject to the requirements of Applicable Law, a Participant may
designate in writing a beneficiary to receive any benefits that are payable
under the Plan upon the death of such Participant.  The Participant may, subject to Applicable
Law, change such designation from time to time. 
Such designation or change shall be in such form and executed and filed
in such manner as the Corporation may from time to time determine.

 

12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00086-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00086-of-00352.parquet"}]]