Document:

exv10w2

 

Exhibit 10.2

 

 

TRANSFER RESTRICTION AGREEMENT

AMONG

ACCENTURE SCA

and

TRANSFERORS AND TRANSFEREES SIGNATORY HERETO

Dated as of April 1, 2005

 

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	Page
	ARTICLE I	 	DEFINITIONS AND OTHER MATTERS	 	 	1	 
	 
	 	 	 	 	 	 	 	 
	Section 1.1.
	 	 	 	Definitions	 	 	1	 
	Section 1.2.
	 	 	 	Gender	 	 	4	 
	Section 1.3.
	 	 	 	Application	 	 	4	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE II	 	TRANSFER RESTRICTIONS	 	 	5	 
	 
	 	 	 	 	 	 	 	 
	Section 2.1.
	 	 	 	Transfer and Consent	 	 	5	 
	Section 2.2.
	 	 	 	Transfer Restrictions	 	 	6	 
	Section 2.3.
	 	 	 	Non-Certificated Shares; Legend	 	 	8	 
	Section 2.4.
	 	 	 	Stop Transfers	 	 	8	 
	Section 2.5.
	 	 	 	Release of Restrictions	 	 	8	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE III	 	TRANSFER PROCEDURES	 	 	9	 
	 
	 	 	 	 	 	 	 	 
	Section 3.1.
	 	 	 	Requirements for Transfer	 	 	9	 
	Section 3.2.
	 	 	 	Subsequent Transfers	 	 	10	 
	Section 3.3.
	 	 	 	Subsequent
Amendments to Governing Documents; Subsequent Transfers of Ownership
Interests
	 	 	10	 
	Section 3.4.
	 	 	 	Reacquisition of Transferred Shares	 	 	10	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE IV	 	VOTING OF TRANSFERRED SHARES	 	 	10	 
	 
	 	 	 	 	 	 	 	 
	Section 4.1.
	 	 	 	Irrevocable Proxy and Power of Attorney	 	 	10	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE V	 	CUSTODIAL ARRANGEMENTS	 	 	11	 
	 
	 	 	 	 	 	 	 	 
	Section 5.1.
	 	 	 	Holding of Shares in Custody and/or in Nominee Name	 	 	11	 
	Section 5.2.
	 	 	 	Dividends and Distributions	 	 	12	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE VI	 	REPRESENTATIONS AND WARRANTIES	 	 	12	 
	 
	 	 	 	 	 	 	 	 
	Section 6.1.
	 	 	 	Representations and Warranties of Transferors	 	 	12	 
	Section 6.2.
	 	 	 	Representations and Warranties of Transferees	 	 	13	 
	Section 6.3.
	 	 	 	Continuing Representations and Warranties	 	 	15	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE VII	 	OTHER AGREEMENTS OF THE PARTIES	 	 	15	 
	 
	 	 	 	 	 	 	 	 
	Section 7.1.
	 	 	 	Adjustment upon Changes in Capitalization; Adjustments upon Changes of Control; Representatives, Successors and Assigns

	 	 	15	 
	Section 7.2.
	 	 	 	Redemptions	 	 	16	 
	Section 7.3.
	 	 	 	Agreements and Acknowledgments By Transferees	 	 	16	 
	Section 7.4.
	 	 	 	Confirmation of Agreements	 	 	17	 
	Section 7.5.
	 	 	 	Further Assurances	 	 	17	 

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TABLE OF CONTENTS

(continued)

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	Page	 
	ARTICLE VIII	 	INDEMNITY AND EXPENSES	 	 	17	 
	 
	 	 	 	 	 	 	 	 
	Section 8.1.
	 	 	 	Indemnity	 	 	17	 
	Section 8.2.
	 	 	 	Expenses	 	 	17	 
	 
	 	 	 	 	 	 	 	 
	ARTICLE IX	 	MISCELLANEOUS	 	 	18	 
	 
	 	 	 	 	 	 	 	 
	Section 9.1.
	 	 	 	Term of the Agreement	 	 	18	 
	Section 9.2.
	 	 	 	Waivers; Amendments	 	 	18	 
	Section 9.3.
	 	 	 	Governing Law	 	 	18	 
	Section 9.4.
	 	 	 	Resolution of Disputes	 	 	18	 
	Section 9.5.
	 	 	 	Relationship of Parties	 	 	20	 
	Section 9.6.
	 	 	 	Notices	 	 	20	 
	Section 9.7.
	 	 	 	Severability	 	 	21	 
	Section 9.8.
	 	 	 	No Third-Party Rights; Accenture Ltd Third Party Beneficiary	 	 	21	 
	Section 9.9.
	 	 	 	Section Headings	 	 	21	 
	Section 9.10.
	 	 	 	Execution in Counterparts	 	 	21	 

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TRANSFER RESTRICTION AGREEMENT

     This Transfer Restriction Agreement, dated as of April 1, 2005 (as amended, supplemented, waived or
otherwise modified from time to time in accordance with its terms, the “Agreement”) among Accenture SCA,
a Luxembourg société en commandite par actions (“Accenture SCA”), the Transferors (as defined below) and
the Transferees (as defined below).

WITNESSETH

     WHEREAS, the Articles of Association of Accenture SCA impose certain restrictions on the transfer of
Class I Common Shares of Accenture SCA (the “Class I Common Shares”) held by Covered Persons (as defined below),
including the Partners signature hereto.

     WHEREAS, Accenture SCA is willing to agree to and approve certain Transfers (as defined below) of Class I Common
Shares by the Transferors to the Transferees pursuant to and subject to the terms of this Transfer
Restriction Agreement, notwithstanding that such Transfers are otherwise restricted by the Articles;

     NOW, THEREFORE, in consideration of the premises and the mutual agreements, covenants and
provisions herein contained, the parties agree as follows:

ARTICLE I

DEFINITIONS AND OTHER MATTERS

     Section 1.1. Definitions. The following words and phrases as used herein shall have
the following meanings, except as otherwise expressly provided or unless the context otherwise
requires:

          (a) “Accenture Ltd” shall mean the exempted company limited by Shares organized under
the laws of Bermuda (register number EC30090) which is the general partner of Accenture SCA.

          (b) “Accenture SCA” shall have the meaning ascribed to such term in the preamble
hereto.

          (c) “Agreement” shall have the meaning ascribed to such term in the preamble hereto
and, in respect of each Transferor and each Transferee, shall include the Joinder Agreement
executed by such Transferor and such Transferee.

          (d) “Articles” shall mean the Articles of Association of Accenture SCA as in effect on
the date hereof and as the same may be amended, modified or restated from time to time after
the date hereof, and reference to an Article shall mean the specific numbered Article,
included in the Articles, so referred to.

          (e) A “beneficial owner” of a security or of any other interest in an entity 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 or interest and/or

 

 

(ii) investment power, which includes the power to dispose, or to direct the
disposition of, such security or interest, but for purposes of this Agreement a person shall
not be deemed a beneficial owner of Class I Common Shares (A) solely by virtue of the
application of Exchange Act Rule 13d-3(d) or Exchange Act Rule 13d-5 as in effect on the
date hereof, (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 Code (or equivalent in other jurisdictions as determined from time to
time by Accenture SCA). “Beneficially own” and “beneficial ownership” shall have correlative
meanings. For purposes of the determination of beneficial ownership only, the provisions of
Article IV hereof shall not be deemed to transfer the voting power with respect to any Class
I Common Shares from any person that would otherwise be the beneficial owner of such Class I
Common Shares and the provisions of Article II hereof shall not be deemed to transfer the
investment power with respect to any Class I Common Shares.

          (f) “Base Restriction Date” shall have the meaning ascribed to such term in Section
2.2(a) hereof.

          (g) “Class A Common Shares” shall mean the Class A Common Shares issued by Accenture
Ltd.

          (h) “Class I Common Shares” shall have the meaning ascribed to such term in the
preamble hereto.

          (i) “Company” shall mean Accenture SCA, together with its general partner and
Subsidiaries from time to time.

          (j) “Covered Persons” shall have the meaning ascribed to such term in the Articles.
The Transferors signatory hereto are Covered Persons.

          (k) “Covered Shares” shall have the meaning ascribed to such term in the Articles. The
Transferred Shares (as defined herein) as held by the Transferors prior to Transfer are
Covered Shares.

          (l) “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.

          (m) “Exchange Act” shall mean the United States Securities Exchange Act of 1934, as
amended to date and as further amended from time to time.

          (n) “Exempt Organization” shall mean (i) an organization exempt from federal income
taxation under Sections 501(c) or (d) of the Internal Revenue Code as amended from time to
time (or corresponding provisions of subsequent superseding federal revenue laws), or (ii)
an organization organized under the laws of a jurisdiction other than the United States (or
any political subdivision thereof) which is substantially

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the same, in regard to the nature and purpose of its organization and operations, as
any organization described in preceding clause (i).

          (o) “Extended Restriction Date” shall have the meaning ascribed to such term in Section
2.2(a) hereof.

          (p) “Family Members” shall mean in respect of a Transferor (i) the lawful spouse of the
Transferor, (ii) the domestic partner of the Transferor, (iii) the lineal ascendants and
lineal descendants of the grandparents of the Transferor or the grandparents of the Persons
described in the preceding clauses (i) and (ii), and the spouses or domestic partners of any
such lineal ascendants or lineal descendants, and (iv) the children, including stepchildren
and adopted children, of the Persons described in preceding clauses (i), (ii) and (iii).
With respect to the foregoing, the term “spouse” shall include any current lawful spouse,
deceased spouse or divorced spouse, and the term “domestic partner” shall refer to a Person
(regardless of gender) acknowledged as a domestic partner (or similar term) through legal
process in the applicable jurisdiction or by formal written acknowledgment by the Person
claiming such status, which written acknowledgement shall be subject to a reasonable and
nondiscriminatory approval process by the Company.

          (q) “Interim Restriction Date” shall have the meaning set forth in Section 2.2(a)
hereof.

          (r) “IPO Date” shall mean July 24, 2001, which was the closing date of the initial
public offering of the Class A Common Shares.

          (s) “Joinder Agreement” shall have the meaning ascribed to such term in Section 3.1(a)
hereof.

          (t) “Non-Competition Agreement” shall mean that certain Non-Competition Agreement dated
as of April 18, 2001 among Accenture SCA and the Partners signatory thereto, as the same may
be amended, supplemented or otherwise modified from time to time.

          (u) “Partner Matters Agreement” shall mean that certain Partner Matters Agreement dated
as of April 18, 2001 among Accenture Ltd and the Partners signatory thereto, as the same may
be amended, supplemented or otherwise modified from time to time.

          (v) “Partners” shall mean those executive employees of the Company with the “Partner”
title.

          (w) “Person” shall include, as applicable, any individual, estate, trust, corporation,
partnership, limited liability company, unlimited liability company, foundation, association
or other entity.

          (x) “Pledge Agreement” shall mean that certain Pledge Agreement dated as of April 18,
2001 among Accenture SCA and the Partners signatory thereto, as

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the same may be amended, supplemented or otherwise modified from time to time, which
agreement was given as security for the pledgors’ obligations under the Non-Competition
Agreement.

          (y) “Proxy Termination Date” shall have the meaning ascribed to such term in Section
4.1(c) hereof.

          (z) “Restriction Date” shall have the meaning ascribed to such term in Section 2.2(a)
hereof.

          (aa) “Securities Act” shall mean the United States Securities Act of 1933, as amended
to date and as further amended from time to time.

          (bb) “Transfer” shall mean any sale, transfer, pledge, hypothecation 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 Class I Common Shares, including
short sales of securities of Accenture SCA, option transactions (whether physical or cash
settled) with respect to securities of Accenture SCA, use of equity or other derivative
financial instruments relating to securities of Accenture SCA and other hedging arrangements
with respect to securities of Accenture SCA.

          (cc) “Transferees” shall mean those Persons to whom Class I Common Shares are
Transferred subject to the terms of this Agreement, who from time to time are parties to
this Agreement and who shall execute a Joinder Agreement in a form approved by Accenture
SCA.

          (dd) “Transferors” shall mean those Persons who Transfer Class I Common Shares subject
to the terms of this Agreement, who from time to time are parties to this Agreement and who
shall execute a Joinder Agreement in a form approved by Accenture SCA. Transferors may
include active, retired and resigned Partners.

          (ee) “Transferred Shares” shall have the meaning ascribed to such term in Section
2.1(a) hereof.

     Section 1.2. Gender. For the purposes of this Agreement, the words “he,” “his” or
“himself” and “it,” “its” or “itself” shall be interpreted to include the masculine, feminine and
corporate or other entity or trust form, as applicable in the particular context.

     Section 1.3. Application.

          (a) Accenture SCA and certain Partners and their transferees previously entered into a
“Transfer Restriction Agreement” dated as of October 1, 2002 and subsequently amended with
respect to transfers of Class I Common Shares made prior to the date hereof. This Agreement
applies with respect to Transfers of Class I Common Shares made after the date hereof by
Partners who are signatory hereto as Transferors.

4

 

          (b) The provisions of this Agreement shall be applied separately to each Transferor and
each Transferee in respect of each respective Transfer described in Schedule I to the
Joinder Agreement executed by such respective Transferor and Transferee. The obligations of
the Transferors hereunder shall be the several obligations of the respective Transferors in
respect of the respective Transfers; and the obligations of, and restrictions upon, the
Transferees shall be the several obligations of, and restrictions upon, the respective
Transferees in respect of the respective Transfers.

ARTICLE II

TRANSFER RESTRICTIONS

     Section 2.1. Transfer and Consent.

          (a) Consent by Accenture Ltd. Subject to the terms and conditions of this
Agreement, including, without limitation, the prior satisfaction of the requirements of
Section 3.1 hereof, Accenture SCA, by its implementation of the Transfer specified in a
Joinder Agreement, consents to the Transfer of Class I Common Shares by the Transferor to
the Transferee, all as described in Schedule I to such Joinder Agreement. This consent
shall be valid only with respect to the specific Transfer, number of Class I Common Shares,
Transferor, and Transferee described in such Schedule I to Joinder Agreement. The Class I
Common Shares identified in such Schedule I to Joinder Agreement and Transferred, or to be
Transferred, by the Transferor to the Transferee with the consent of Accenture SCA pursuant
hereto are referred to herein as the “Transferred Shares.”

          (b) Eligible Transfers. A Transfer shall be eligible to be considered for
Accenture SCA’s consent pursuant to Section 2.1(a) only if such Transfer is made primarily
for the Transferor’s estate and/or tax planning purposes or charitable giving purposes. The
Transferor shall demonstrate to the satisfaction of Accenture SCA (in the exercise of its
discretion) that the proposed Transfer satisfies such eligibility requirement. Subject to
such guidelines as Accenture SCA may establish from time to time in its sole discretion,
Accenture SCA has advised Partners that proposed Transfers to Family Members and/or Exempt
Organizations will presumptively be considered eligible Transfers, subject, however, to
final evaluation and determination in each case by Accenture SCA in its sole discretion.

          (c) Acknowledgments by Transferor and Accenture Ltd. The Transferor and
Accenture SCA acknowledge and agree that: (i) notwithstanding anything to the contrary
contained herein (including, without limitation, the definition of “beneficial owner” in
Section 1.1(e) hereof), the Transferred Shares shall be deemed to continue to be the
Transferor’s “Partner Matters Interests” (as defined in the Partner Matters Agreement) for
purposes of the Partner Matters Agreement at all times until the Proxy Termination Date (as
defined in Section 4.1(c) below); (ii) the respective number of Transferred Shares indicated
for a Base Restriction Date (in accordance with Section 3.1(b) below) shall, for purposes of
Article 8 of the Articles, be applied against the cumulative maximum number of Covered
Shares which may be Transferred as of such date by the Transferor in accordance with the
transfer restrictions imposed by the Articles, but shall not be charged against the
cumulative maximum number of Covered

5

 

Shares which may be transferred prior to such date; and (iii) each Transferor remains
subject to the requirement under the Articles of retaining at least 25% of the Covered
Shares owned by such Partner as of the IPO Date until the later of July 24, 2009 (the eighth
anniversary of the IPO Date) or the date that such Transferor ceases to be an employee of
the Company.

          (d) Independent Determination by Transferor and Transferee. The Transferor and
the Transferee acknowledge and agree that: (i) they have, in their discretion and in
reliance upon such advice and counsel from third parties as they considered appropriate,
determined to effect the Transfer of the Transferred Shares and to effect such Transfer in
the manner described in Schedule I to the Joinder Agreement; (ii) Accenture SCA has not, and
shall not be deemed to have, recommended or endorsed or provided advice in respect of the
Transfer of the Transferred Shares; and (iii) without limitation on the indemnity provided
by Section 8.1 hereof, neither Accenture SCA nor any of its directors, officers, partners,
employees, agents or representatives (except with respect to a Joinder Agreement to which
any such Person is party as Transferor or Transferee) shall have any liability whatsoever on
account of or in respect of the Transfer of the Transferred Shares.

     Section 2.2. Transfer Restrictions.

          (a) Applicable Definitions. This Section 2.2 imposes restrictions on the
transfer of Transferred Shares with reference to the “Base Restriction Date,” the “Extended
Restriction Date,” the “Interim Date” and the “Restriction Date,” which terms shall have the
following meanings:

          (i) “Base Restriction Date” shall mean a date specified by the Transferor in
Schedule I to the Joinder Agreement in respect of Transferred Shares, which date
shall be either (1) an anniversary of the IPO Date not later than July 24, 2008 (the
seventh anniversary of the IPO Date) or (2) the Extended Restriction Date (which
shall be identified by the use of such defined term in Schedule I to the Joinder
Agreement); provided, however, that:

     (1) For Transfers made by Transferors who as of the date of Transfer
are resigned Partners, the Base Restriction Date shall be July 24, 2009 (the
eighth anniversary of the IPO Date);

     (2) A Transferor who is a retired Partner and will attain age 56 after
July 24, 2009 may designate July 24, 2009 as the Base Restriction Date with
respect to shares that are not scheduled pursuant to the Articles to be
released from transfer restriction prior to such date; and

     (3) A Transferor who is a retired Partner and will attain age 56 on or
prior to July 24, 2009 may designate his 56th birthday as the
Base Restriction Date with respect to Transferred Shares which, in
accordance with the Articles, would be subject to transfer restrictions
extending beyond such date except for the occurrence of such birthday.

6

 

          (ii) “Extended Restriction Date” shall mean the later of (1) July 24, 2009 (the
eighth anniversary of the IPO Date) or (2) the date that the Transferor ceases to be
an employee of the Company.

          (iii) “Interim Restriction Date” shall mean the earlier of (1) November 1, 2005
or (2) such date as of which Accenture SCA initiates new trading and transfer
procedures to facilitate the transfer of Class I Common Shares.

          (iv) “Restriction Date” shall mean the later of (1) the Interim Restriction
Date or (2) the Base Restriction Date as it may be accelerated to an earlier date or
deferred to a later date in accordance with the following:

     (1) If the Transferor ceases to be an Employee Covered Person
subsequent to the Transfer and prior to the Base Restriction Date, other
than by reason of the Transferor becoming a “Retired Employee” or a
“Disabled Employee” (each as defined in the Articles) or by reason of the
death of the Transferor, the Base Restriction Date in respect of the
Transferred Shares shall be deferred to July 24, 2009 (the eighth
anniversary of the IPO Date) if the Extended Restriction Date was not
originally specified in Schedule I to the Joinder Agreement as the Base
Restriction Date; and

     (2) If the Transferor dies prior to the Base Restriction Date, the Base
Restriction Date in respect of all the Transferred Shares shall be
accelerated to the date of the Transferor’s death.

          (b) No Transfers. No Transferred Shares or any direct or indirect interest
therein may be Transferred by the Transferee prior to the Restriction Date applicable to
such Transferred Shares without the prior written consent of Accenture SCA, which consent
shall be in the sole discretion of Accenture SCA to grant or withhold.

          (c) No Pledge of Shares. Without limitation on or by Section 2.2(b), prior to
the Restriction Date, unless otherwise agreed in writing by Accenture SCA (which agreement
shall be in the sole discretion of Accenture SCA to grant or withhold), the Transferee shall
not pledge, hypothecate or give as security to any Person the Transferred Shares or any
interest therein.

          (d) Lock-Up Provisions. Each Transferee agrees for the benefit of Accenture
Ltd, the Transferors and each other Transferee that such Transferee will comply with the
restrictions on Transfer relating to Class I Common Shares imposed by the lock-up provisions
of any underwriting agreement, in respect of any offering of Class I Common Shares, entered
into by Accenture Ltd at any time prior to the Restriction Date, whether or not the
Transferee is specifically named therein, provided that either Accenture Ltd or Accenture
SCA shall give to the Transferor, as agent for the Transferee, written notice thereof; and,
notwithstanding anything to the contrary

7

 

contained in this Agreement, such Transferee shall remain subject to and comply with
such lock-up provisions under any such underwriting agreement for the term of such
provisions even though such term may extend beyond the Restriction Date.

          (e) Information. With respect to the determination of the Restriction Date,
Accenture SCA shall be under no obligation to provide information to the Transferee with
respect to any event or condition accelerating or deferring the Base Restriction Date;
provided, however, that upon the specific written request of the Transferee, Accenture SCA
shall use its reasonable efforts to advise the Transferee of the Restriction Date, to the
extent then determinable under the then applicable circumstances.

          (f) Prohibited Transfers Void. Any purported Transfer of the Transferred Shares
or of any direct or indirect interest therein contrary to the provisions of this Section 2.2
shall be null and void and of no force or effect.

     Section 2.3. Non-Certificated Shares; Legend.

          (a) Accenture SCA shall have no obligation to issue certificated shares in respect of
the Transfer of the Transferred Shares, and the Transferee shall have no right to receive
certificated shares. In the discretion of Accenture SCA, the Transferred Shares may be
issued in book-entry or other non-certificated form in accordance with the policies of
Accenture SCA.

          (b) If the Transferred Shares are issued as certificated shares, each Transferor and
each Transferee understands and agrees that any share certificate representing Transferred
Shares may bear a legend noted conspicuously on each such certificate, reading substantially
as follows:

          “THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE PROVISIONS
OF A TRANSFER RESTRICTION AGREEMENT AMONG ACCENTURE SCA AND THE PERSONS NAMED
THEREIN, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL OFFICE OF ACCENTURE SCA AND
WHICH, AMONG OTHER MATTERS, PLACES RESTRICTIONS ON THE DISPOSITION AND VOTING OF
SUCH SECURITIES. THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY BE SOLD,
EXCHANGED, TRANSFERRED, ASSIGNED, PLEDGED, PARTICIPATED, HYPOTHECATED OR OTHERWISE
DISPOSED OF ONLY IN ACCORDANCE THEREWITH.”

     Section 2.4. Stop Transfers. Each Transferor and Transferee agrees and consents (i)
that Accenture SCA may refuse to register the transfer of and (ii) to the entry of stop transfer
orders against the transfer of Transferred Shares, except in compliance with this Agreement.

     Section 2.5. Release of Restrictions. At any time following the Restriction Date,
upon the written request of the Transferee, the Transferred Shares shall be released, pursuant to
procedures to be determined by Accenture SCA in its sole discretion, free and clear of all
restrictions and legends described in this Article II.

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ARTICLE III

TRANSFER PROCEDURES

Section 3.1. Requirements for Transfer

          (a) As a condition to any Transfer of Transferred Shares pursuant to this Agreement,
the Transferor and the Transferee shall complete, execute and deliver to Accenture SCA a
Joinder Agreement (with Schedule I thereto) in a form approved by Accenture SCA (the
“Joinder Agreement”).

          (b) The Transferor shall set forth in Schedule I to the Joinder Agreement the Base
Restriction Date(s) and the applicable number of Transferred Shares with respect to such
Base Restriction Date(s). The Base Restriction Date(s) and the number of Transferred Shares
to which the respective Base Restriction Dates are applicable, as designated by the
Transferor, must be consistent with the restrictions on transfer (and the scheduled lapsing
of such restrictions) provided by the Articles and as applicable to the Transferor, after
giving effect to any Transfers of Covered Shares previously made by the Transferor.
Notwithstanding the foregoing provisions of this Section 3.1(b), in lieu of specifying a
Base Restriction Date in Schedule I to the Joinder Agreement, the Transferor may designate
Transferred Shares as “Unrestricted” if such designation is consistent with the lapsing of
transfer restrictions under the Articles as applicable to the Transferor; provided it is
acknowledged that all such “Unrestricted” Transferred Shares, in the same manner as all
other Transferred Shares, are nevertheless subject to the transfer restriction imposed by
Section 2.2(b) until the Interim Restriction Date.

          (c) As a condition to granting its consent to any Transfer pursuant to this Agreement,
Accenture SCA may require the Transferor to provide such information and materials as
Accenture SCA may determine in its sole discretion with respect to the proposed Transfer and
Transferee, including, without limitation, a description of the beneficial owners of any
proposed Transferee that is not a natural person, a copy of the organizational documents of
any proposed Transferee that is not a natural person, and a copy of the relevant documents
with respect to any estate and/or tax planning vehicle to which or by means of which the
proposed Transfer is to be made.

          (d) As a further condition to granting its consent to any Transfer pursuant hereto,
Accenture SCA shall have received from legal counsel, selected or approved by Accenture SCA
(i) approval of the documentation, information and materials required by this Section 3.1
and (ii) confirmation of the determination that the proposed Transfer satisfies the
eligibility requirement of Section 2.1(b).

          (e) Simultaneously with the delivery of the executed Joinder Agreement pursuant to
Section 3.1(a), if the Transferred Shares are then held in certificated form, the Transferor
shall deliver or cause to be delivered to Accenture SCA the certificates evidencing the
Transferred Shares. Accenture SCA will re-issue the Transferred Shares, in certificated or
non-certificated form as determined by Accenture SCA in its sole discretion, in the name of
a nominee for the Transferee (if so elected by

9

 

Accenture SCA), and the Transferred Shares shall be held in the custody of a custodian
as provided in Section 5.1 hereof.

     Section 3.2. Subsequent Transfers. Subject to the provisions of Section 3.3,
following the Transfer of the Transferred Shares to the Transferee as consented to by Accenture SCA
pursuant to Section 2.1 hereof, Accenture SCA shall have no obligation whatsoever to consent to any
subsequent transfer of the Transferred Shares by the Transferee. In the event Accenture SCA, in
its discretion, consents to any subsequent Transfer of the Transferred Shares, Accenture SCA may,
in its discretion, impose such conditions upon such subsequent Transfer as it considers appropriate
for its purposes, including, without limitation, that (i) the subsequent transferee execute such
documentation accepting, confirming and agreeing to be bound by the agreements, conditions and
restrictions of this Agreement (specifically including, without limitation, the transfer
restrictions set forth in Section 2.2 and the proxy and power of attorney set forth in Section 4.1)
and (ii) that the transferring Transferee and the subsequent transferee execute such other
documents and instruments in respect of such Transfer as deemed appropriate by Accenture SCA.

     Section 3.3. Subsequent Amendments to Governing Documents; Subsequent Transfers of
Ownership Interests. If, at any time after the effective date of the Transfer to any
Transferee other than an individual (including any partnership, corporation, limited liability
company, trust or other entity): (a) the governing documents of such Transferee are amended or
modified in any respect, then the Transferee shall promptly notify Accenture SCA in writing of such
amendment or modification and furnish to Accenture SCA copies of such amendment or modification or
amended or modified documents; or (b) any direct or indirect interest in such entity Transferee
shall be transferred or the beneficial owners of such Transferee shall change, then the Transferee
shall promptly notify Accenture SCA in writing of such change (including the identity of any new
beneficial owners and the relationship of such new beneficial owners to the Transferor) and furnish
to Accenture SCA copies of all documentation implementing or evidencing such transfer or change.

     Section 3.4. Reacquisition of Transferred Shares. Subject to the consent of Accenture
SCA, in the event a Transferor reacquires Transferred Shares, such reacquired shares may be
released, pursuant to procedures to be determined by Accenture SCA in its sole discretion, free and
clear of all agreements, conditions and restrictions of this Agreement, provided that such
reacquired shares shall again be deemed, and the Transferor shall confirm that such reacquired
shares are, Covered Shares subject to the transfer restrictions imposed by the Articles in the same
manner and with the same effect as if such shares had never been transferred by the Transferor.

ARTICLE IV

VOTING OF TRANSFERRED SHARES

     Section 4.1. Irrevocable Proxy and Power of Attorney.

          (a) Each Transferee hereby gives the Transferor who has transferred the Transferred
Shares to such Transferee, with full power of substitution and resubstitution, an exclusive
and irrevocable proxy and power of attorney to vote or

10

 

otherwise act with respect to all of the Transferee’s Transferred Shares, as fully, to
the same extent and with the same effect as such Transferee might or could do under any
applicable laws or regulations governing the rights and powers of shareholders of a
Luxembourg company;

          (b) Each such Transferee hereby affirms to Accenture SCA and the Transferor that this
proxy and power of attorney is given as a term of this Agreement and as such is coupled with
an interest and is irrevocable. It is further understood and agreed by each such Transferee
that this proxy and power of attorney may be exercised by the respective Transferor with
respect to all Transferred Shares transferred by such Transferor to such Transferee.

          (c) The proxy and power of attorney given by the Transferee to the Transferor pursuant
to this Section 4.1 shall remain in effect until the date (the “Proxy Termination Date”)
which is the earlier of (i) the date that such Transferor ceases to be an Employee Covered
Person and (ii) such date, following the Restriction Termination Date, that the Transferee
transfers the Transferred Shares to a subsequent transferee.

          (d) It is acknowledged and agreed by the Transferee that the Transferred Shares may be
voted, pursuant to the proxy and power of attorney given pursuant to this Section 4.1, in
the interests of the Transferor and/or the Company, as may be determined by the Transferor,
without any duty or obligation to the Transferee being expressly or implicitly undertaken or
assumed by the Transferor or the Company as a result of the acceptance of such proxy and
power of attorney.

          (e) Notwithstanding the foregoing provisions of this Section 4.1, it is acknowledged
and agreed that the proxy and power of attorney provided by this Section 4.1 are not, and
shall not be deemed to be, given in the case of any Transfer of Transferred Shares (1) by
any Transferor who is a retired or resigned Partner or (2) to any Transferee that is an
Exempt Organization.”

ARTICLE V

CUSTODIAL ARRANGEMENTS

     Section 5.1. Holding of Shares in Custody and/or in Nominee Name.

          (a) Each Transferee agrees, as a condition to the consent of Accenture SCA to the
Transfer of the Transferred Shares to the Transferee, that all Transferred Shares shall, at
the sole discretion of Accenture SCA, be registered in the name of a nominee for such
Transferee and/or shall be held in the custody of a custodian until otherwise determined by
Accenture SCA, and each Transferee appoints the General Counsel of Accenture SCA and/or his
designee, with full power of substitution and resubstitution, such Transferee’s true and
lawful attorney in-fact to assign, endorse and register for transfer into such nominee’s
name or deliver to such custodian any such Transferred Shares which are not so registered or
so held, as the case may be, and to enter into any custody agreement with respect to such
Transferred Shares, granting to such attorneys, and each of them, full power and authority
to do and perform each and every act and thing whatsoever that such attorney or attorneys
may deem necessary, advisable

11

 

or appropriate to carry out fully the intent of this Section 5.1 as such Transferee might or
could do personally, hereby ratifying and confirming all acts and things that such attorney
or attorneys may do or cause to be done by virtue of this power of attorney.

          (b) The Transferred Shares shall be released free and clear from the requirements of
this Section 5.1, pursuant to procedures to be developed by Accenture SCA, upon delivery of
the written request of the Transferee at any time following the Restriction Date.

     Section 5.2. Dividends and Distributions. Whenever any nominee holder shall receive
any dividend or other distribution in respect of any Transferred Shares, satisfied otherwise than
in Class I Common Shares, Accenture SCA will give or cause to be given notice or direction to the
applicable nominee and/or custodian referred to in Section 5.1 to permit the prompt distribution of
such dividend or distribution to the beneficial owner of such Transferred 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 Transferee and
Accenture SCA (or with any other person with respect to which Accenture SCA has expressly agreed in
writing).

ARTICLE VI

REPRESENTATIONS AND WARRANTIES

     Section 6.1. Representations and Warranties of Transferors. Each Transferor severally
represents and warrants with respect to the Transfer described in the Schedule I attached to the
Joinder Agreement executed by him that:

          (a) the information contained in Schedule I to the Joinder Agreement and all
information and material in respect of the Transfer delivered pursuant to
Section 3.1(c) is complete and correct;

          (b) the Transfer of the Transferred Shares by the Transferor satisfies the Transfer
eligibility requirement of Section 2.1(b) hereof;

          (c) the Transferred Shares are not subject to, and the Transferor is not, with respect
to the Transferred Shares, a party to any other agreement, arrangement or understanding with
respect to (i) the Transfer identified in the Schedule I to the Joinder Agreement, (ii) any
other transfer with respect to the Transferred Shares or (iii) any ownership interest in the
Transferred Shares;

          (d) such Transferor has good, valid and marketable title to the Transferred Shares,
free and clear of any pledge, lien, security interest, charge, claim, equity or encumbrance
of any kind, other than pursuant to the Pledge Agreement or any other agreement with
Accenture SCA or any other agreement with another person with respect to which Accenture SCA
has expressly agreed in writing;

          (e) this Agreement constitutes the legal, valid and binding obligation of such
Transferor, enforceable against such Transferor in accordance with its terms,
subject to the effects of bankruptcy, insolvency, fraudulent conveyance,
reorganization,

12

 

moratorium
and other similar laws relating to or affecting creditors’ rights generally and to general equitable principles (whether considered in a proceeding in equity
or at law);

          (f) there are no actions, suits or proceedings pending, or, to the knowledge of such
Transferor, threatened against or affecting such Transferor or such Transferor’s assets in
any court or before or by any federal, state, municipal or other domestic or foreign
governmental department, commission, board, bureau, agency or instrumentality; and

          (g) no statement, representation or warranty made by such Transferor in this Agreement
contains or will contain any untrue statement of a material fact or omits or will omit to
state a material fact necessary in order to make the statements, representations or
warranties contained herein or information provided therein not misleading.

     Section 6.2. Representations and Warranties of Transferees. Each Transferee
represents and warrants with respect to the Transfer described in the Schedule I attached to the
Joinder Agreement executed by it that:

          (a) the information concerning the Transferred Shares and the Transferee contained in
Schedule I to the Joinder Agreement is complete and correct;

          (b) the Transferred Shares are not and will not be subject to, and the Transferee is
not and will not be, with respect to the Transferred Shares, a party to, any other
agreement, arrangement or understanding with respect to (i) the Transfer identified in
Schedule I to the Joinder Agreement, (ii) any other Transfer with respect to the Transferred
Shares, or (iii) the beneficial ownership of the Transferred Shares;

          (c) this Agreement constitutes the legal, valid and binding obligation of such
Transferee, enforceable against such Transferee in accordance with its terms, subject to the
effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and
other similar laws relating to or affecting creditors rights generally and to general
equitable principles (whether considered in a proceeding in equity or at law);

          (d) there are no actions, suits or proceedings pending, or, to the knowledge of such
Transferee, threatened against or affecting such Transferee or such Transferee’s assets in
any court or before or by any federal, state, municipal or other domestic or foreign
governmental department, commission, board, bureau, agency or instrumentality;

          (e) such Transferee understands that the ability to transfer the Transferred Shares is
subject to legal and contractual restrictions and that the Transferred Shares have not been
registered under the United States Securities Act of 1933, and that such Transferee is
holding the Transferred Shares for its own account, for investment, and not for
distribution, assignment or resale to others, and no other person has any direct or indirect
interest in such Transferred Shares (other than Accenture SCA or the
Transferor (to the extent provided herein) or at the express written consent of
Accenture SCA);

13

 

          (f) no statement, representation or warranty made by such Transferee in this Agreement
contains or will contain any untrue statement of a material fact or omits or will omit to
state a material fact necessary in order to make the statements, representations or
warranties contained herein or information provided therein not misleading;

          (g) such Transferee is acquiring the Transferred Shares for its own account and not
with a view to or for sale in connection with any public distribution thereof within the
meaning of the Securities Act, either directly or through the sale of additional shares or
interests in Transferee. In making any subsequent offering or sale of the Transferred
Shares acquired hereby, such Transferee will be acting only on its own behalf and not as
part of a sale or planned distribution which would be in violation of the Securities Act.
Such Transferee understands that the Transferred Shares have not been registered under the
Securities Act and are being offered and sold pursuant to exemptions therefrom;

          (h) such Transferee has sufficient knowledge and experience in financial and business
matters to enable it to evaluate the merits and risks of an investment in the Transferred
Shares; and such Transferee has the ability to bear the economic risk of acquiring the
Transferred Shares;

          (i) such Transferee has been supplied with sufficient information, or such information
has been made available, to which a reasonable investor would attach significance in making
investment decisions, including the publicly available reports of the Company filed with the
Securities and Exchange Commission since the filing of the Company’s most recent Annual
Report on Form 10-K;

          (j) such Transferee acknowledges that the Transferred Shares are not registered under
the Securities Act or any state securities laws, and cannot be reoffered or resold unless
such shares are registered under the Securities Act or such sale is exempt from such
registration. Such Transferee acknowledges that, as long as appropriate, a legend similar
to the following may appear on the certificates (if any) representing the Transferred
Shares: “These securities have not been registered under the Securities Act of 1933 or any
state securities laws and may be reoffered and sold only if so registered or if an exemption
from registration is available.” Such Transferee agrees that it will not transfer all or
any portion of the Transferred Shares unless such shares have been registered or such
transfer is exempt from registration under the Securities Act and any applicable state
securities laws. Such Transferee acknowledges that if any transfer of the Transferred
Shares is to be made in reliance on any exemption under the Securities Act, the Company may
require an opinion of counsel reasonably satisfactory to it that such transfer may be made
pursuant to an exemption under the Securities Act;

          (k) the Transferred Shares were not offered or sold to such Transferee by any form of
general solicitation or general advertising; and

          (l) if such Transferee is not a natural person:

14

 

          (i) such Transferee is duly organized and validly existing in good standing
under the laws of the jurisdiction of such Transferee’s formation;

          (ii) such Transferee has full right, power and authority to enter into and
perform this Agreement; and

          (iii) the execution and delivery of this Agreement and the performance of the
transactions contemplated herein have been duly authorized, and no further
proceedings on the part of such Transferee are necessary to authorize the execution,
delivery and performance of this Agreement; and this Agreement has been duly
executed by such Transferee.

     Section 6.3. Continuing Representations and Warranties.

          (a) The representations and warranties made by the Transferor in Section 6.1 shall be
continuing representations and warranties by the Transferor during the term of this
Agreement, and the Transferor shall take all actions as shall from time to time be necessary
to cure any breach or violation thereof and to obtain any authorizations, covenants,
approvals and clearances in order that such representations and warranties shall be true and
correct during such period.

          (b) The representations and warranties made by the Transferee in Section 6.2 shall be
continuing representations and warranties by the Transferee during the term of this
Agreement, and the Transferee shall take all actions as shall from time to time be necessary
to cure any breach or violation thereof and to obtain any authorizations, covenants,
approvals and clearances in order that such representations and warranties shall be true and
correct during such period.

ARTICLE VII

OTHER AGREEMENTS OF THE PARTIES

Section 7.1. Adjustment upon Changes in Capitalization; Adjustments upon Changes of
Control; Representatives, Successors and Assigns.

          (a) In the event of any change in the outstanding Class I Common Shares by reason of
stock dividends, stock splits, reverse stock splits, spin-offs, split-ups,
recapitalizations, amalgamations, combinations, exchanges of shares and the like, the term
“Transferred 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 Transferred Shares. Upon the occurrence of any event described in the immediately
preceding sentence, Accenture SCA or its authorized representative shall make such
adjustments to or interpretations of the provisions of this Agreement as it shall deem
necessary or desirable to carry out the intent of such provision(s). If Accenture SCA or its
authorized representative deems it desirable, any such adjustments may take effect from the
record date, the “when issued trading date”, the “ex dividend date” or another appropriate
date.

15

 

          (b) In the event of any business combination, amalgamation, restructuring,
recapitalization or other extraordinary transaction directly or indirectly involving
Accenture SCA or any of its securities or assets as a result of which the Transferees shall
hold voting securities of a different entity, the Transferees agree that this Agreement
shall also continue in full force and effect with respect to such voting securities of such
other entity formerly representing or distributed in respect of Class I Common Shares, and
the terms “Class I Common Shares,” “Transferred Shares,” and “Accenture SCA” and “Company”
shall refer to such voting securities formerly representing or distributed in respect of
Class I Common Shares and such entity, respectively. Upon the occurrence of any event
described in the immediately preceding sentence, Accenture SCA or its authorized
representative shall make such adjustments to or interpretations of the restrictions of this
Agreement as they shall deem necessary or desirable to carry out the intent of such
provision(s). If Accenture SCA or its authorized representative deems it desirable, any such
adjustments may take effect from the record date or another appropriate date.

          (c) This Agreement shall be binding upon and inure to the benefit of the respective
legatees, legal representatives, successors and assigns of the Transferees (and Accenture
SCA in the event of a transaction described in Section 7.1(b) hereof); provided, however,
that no Transferor or Transferee may assign this Agreement or any of his rights or
obligations hereunder without the prior written consent of Accenture SCA, and any assignment
without such consent by a Transferor or Transferee shall be void; and, provided, further,
that, subject to the provisions of Section 7.2, no assignment of this Agreement by Accenture
SCA or to a successor of Accenture SCA (by operation of law or otherwise) shall be valid
unless such assignment is made to a person which succeeds to the business of Accenture SCA
substantially as an entirety.

     Section 7.2. Redemptions. In the event Transferred Shares are redeemed, in accordance
with Article 7 of the Articles, in exchange for Class A Common Shares of Accenture Ltd, Accenture
SCA and such Transferee agree that Accenture Ltd shall succeed to the rights of Accenture SCA under
this Agreement with respect to the Class A Common Shares received in exchange for such Transferred
Shares, and the Transferee agrees that it shall be bound by the terms, conditions and restrictions
of this Agreement with respect to the Class A Common Shares, as if such rights, terms, conditions
and restrictions had been made specifically applicable to Accenture Ltd, the Transferee and the
Class A Common Shares, and the Transferee agrees to execute such additional documents and take such
further action at the request of Accenture Ltd as may be reasonably necessary to confirm or
effectuate the provisions of this Section 7.2.

     Section 7.3. Agreements and Acknowledgments By Transferees. Each Transferee agrees
and acknowledges that:

          (a) Pursuant to Article 7 of the Articles, (i) Class I Common Shares are redeemable for
cash at the option of the holder, provided that, at the option of Accenture SCA, any
redemption price that becomes payable to a holder of Class I Common Shares who becomes such
a shareholder after May 31, 2001 (i.e., including any Transferee) (referred to in said
Article 7 as a “Subsequent Limited Shareholder”) may, at the option of Accenture SCA, be
paid in cash or in Class A Common Shares, and

16

 

(ii) Accenture SCA has the right, at its option, to redeem Class I Common Shares held
by any Subsequent Limited Shareholder if Accenture SCA 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. In consideration of
Accenture SCA’s consent to the Transfer of the Transferred Shares to Transferee and the
other agreements contained herein, each Transferee hereby waives any requirement for the
delivery of such tax opinion required by Article 7 of the Articles and agrees that Accenture
SCA may redeem the Transferred Shares without the delivery of such tax opinion.

          (b) Without limitation on or by the provisions of Section 7.3(a), each Transferee
agrees that the redemption price payable in connection with any redemption of such
Transferee’s Transferred Shares pursuant to Article 7 of the Articles may, at the option of
Accenture SCA, be paid in cash or in Class A Common Shares, as such redemption price is
calculated in accordance with the provisions of said Article 7.

     Section 7.4. Confirmation of Agreements. Each Transferor hereby reaffirms his
agreement to observe and perform, and to be bound by, all terms, conditions and provisions of the
Non-Competition Agreement and related Pledge Agreement to which such Transferor is a party. Each
Transferor also agrees that, with respect to all future Transfers for estate and/or tax planning
purposes or charitable giving purposes, such Transferor will comply with the limitations and
restrictions included in the guidelines established by Accenture SCA as are in effect at the time
of such Transfer.

     Section 7.5. Further Assurances. Each Transferor and each Transferee agrees to
execute such additional documents and take such further action upon the request of Accenture SCA as
may be reasonably necessary to effect the provisions of this Agreement.

ARTICLE VIII

INDEMNITY AND EXPENSES

     Section 8.1. Indemnity. Each Transferor and each Transferee jointly and severally
agrees that it will indemnify and hold harmless the Company and its directors, officers, partners,
employees, agents and representatives against (i) any federal, state or local tax and/or
tax-related liability imposed by any jurisdiction (whether in respect of any income tax, transfer
tax, stamp tax, excise tax or other tax) arising out of or in connection with the Transfer of the
Transferred Shares or any transactions involving the Transferred Shares and (ii) any judgments,
fines, losses, claims, damages, liabilities, costs and expenses (including, without limitation,
attorneys’ fees and defense costs) arising out of or in connection with (x) the Transfer of the
Transferred Shares, any transactions involving the Transferred Shares or any matters pertaining to
this Agreement in respect of such Transferor or Transferee, or (y) any action, suit, proceeding or
investigation, whether civil or criminal, administrative or investigative, in respect of or arising
out of such Transfer, transactions or matters described in preceding clause (x).

     Section 8.2. Expenses. Each Transferor or Transferee shall be responsible for all
expenses of such Transferor or Transferee incurred in connection with the compliance by such
Transferor or Transferee with his obligations under this Agreement, including expenses incurred

17

 

by Accenture SCA or its authorized representative in enforcing the provisions of this
Agreement relating to such obligations.

ARTICLE IX

MISCELLANEOUS

     Section 9.1. Term of the Agreement. The term of this Agreement as to any Transferor
and Transferee shall continue until and terminate upon the later of the Proxy Termination Date and
the Restriction Date; provided, however, that (i) the provisions of Article II and Article V shall
continue until and terminate upon the Restriction Date; (ii) the provisions of Article IV shall
continue until and terminate upon the Proxy Termination Date; and (iii) the provisions of Sections
8.1 and 8.2 shall continue indefinitely.

     Section 9.2. Waivers; Amendments.

          (a) Waivers and amendments with respect to a particular Transferee that do not change
the rights or obligations of any other Transferee shall require, and may be effected by, the
approval of (i) Accenture SCA, (ii) the affected Transferee, and (iii) the Transferor of the
Transferred Shares so long as such Transferor is an Employee Covered Person; provided,
however, Accenture SCA shall have the discretion to grant to Transferor, without the consent
of Transferee, a waiver with respect to the enforcement of any provision hereof to be
performed by or complied with by such Transferor, and Accenture SCA shall have the
discretion to grant to Transferee, without the consent of Transferor, a waiver with respect
to the enforcement of any provision hereof to be performed by or complied with by such
Transferee.

          (b) In connection with any amendment or waiver granted under this Agreement, Accenture
SCA, may impose such conditions as it determines on the entering into any such amendments or
the granting of such waivers.

          (c) The failure of Accenture SCA or its authorized representative at any time or times
to require performance of any provision of this Agreement shall in no manner affect the
rights at a later time to enforce the same. No waiver by Accenture SCA or its authorized
representatives of the breach of any term contained in this Agreement, whether by conduct or
otherwise, in any one or more instances, shall be deemed to be or construed as a further or
continuing waiver of any such breach or the breach of any other term of this Agreement.

     Section 9.3. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF LUXEMBOURG.

     Section 9.4. Resolution of Disputes.

          (a) Accenture SCA may delegate the enforcement of the provisions of this Agreement to
any authorized representative(s) designated by it.

          (b) Any and all disputes which cannot be settled amicably, including any ancillary
claims of any party, arising out of, relating to or in connection with the

18

 

validity, negotiation, execution, interpretation, performance or non-performance of
this Agreement (including the validity, scope and enforceability of this arbitration
provision) shall be finally settled by arbitration conducted by a single arbitrator in New
York in accordance with the then-existing Rules of Arbitration of the International Chamber
of Commerce, except that the parties may select an arbitrator who is a national of the same
country as one of the parties. If the parties to the dispute fail to agree on the selection
of an arbitrator within thirty (30) days of the receipt of the request for arbitration, the
International Chamber of Commerce shall make the appointment. The arbitrator shall be a
lawyer and shall conduct the proceedings in the English language.

          Performance under this Agreement shall continue if reasonably possible during any
arbitration proceedings.

          (c) Notwithstanding the provisions of paragraph (b), Accenture SCA may bring, on behalf
of Accenture SCA or on behalf of one or more Transferors or Transferees, an action or
special proceeding in any court of competent jurisdiction for the purpose of compelling a
party to arbitrate, seeking temporary or preliminary relief in aid of an arbitration
hereunder, and/or enforcing an arbitration award and, for the purposes of this paragraph
(c), each Transferor and Transferee (i) expressly consents to the application of paragraph
(d) of this Section 9.4 to any such action or proceeding, (ii) agrees that proof shall not
be required that monetary damages for breach of the provisions of this Agreement would be
difficult to calculate and that remedies at law would be inadequate, and (iii) irrevocably
appoints the General Partner of Accenture SCA, 46A, Avenue J.F. Kennedy, Luxembourg (or, if
different, the then-current corporate seat of Accenture SCA) as such Transferor’s or
Transferee’s agent for service of process in connection with any such action or proceeding
and agrees that service of process upon such agent, who shall promptly advise such
Transferor or Transferee of any such service of process, shall be deemed in every respect
effective service of process upon the Transferor or Transferee in any such action or
proceeding.

          (d) (i) EACH TRANSFEROR AND TRANSFEREE HEREBY IRREVOCABLY SUBMITS TO THE
JURISDICTION OF COURTS LOCATED IN NEW YORK, UNITED STATES FOR THE PURPOSE OF ANY
JUDICIAL PROCEEDING BROUGHT IN ACCORDANCE WITH THE PROVISIONS OF PARAGRAPH (C) OF
THIS SECTION 9.4, OR ANY JUDICIAL PROCEEDING ANCILLARY TO AN ARBITRATION OR
CONTEMPLATED ARBITRATION ARISING OUT OF OR RELATING TO OR CONCERNING THIS AGREEMENT.
Such ancillary judicial proceedings include any suit, action or proceeding to compel
arbitration, to obtain temporary or preliminary judicial relief in aid of
arbitration, or to confirm an arbitration award. The parties acknowledge that the
fora designated by this paragraph (d) have a reasonable relation to this Agreement,
and to the parties’ relationship with one another.

               (ii) The parties hereby waive, to the fullest extent permitted by applicable
law, any objection which they now or hereafter may have to personal jurisdiction or
to the laying of venue of any such ancillary suit, action or

19

 

proceeding brought in any court referred to in paragraph (d)(i) of this Section
9.4 and such parties agree not to plead or claim the same.

     Section 9.5. Relationship of Parties. The terms of this Agreement are not intended to
create a separate entity for United States federal or state income tax purposes or under the laws
of any other jurisdiction. Nothing in this Agreement shall be read to create any partnership, joint
venture or separate entity among the parties or to create any trust or other fiduciary relationship
between them. Without limitation on the foregoing, the Company shall not be deemed to owe any
duties of any kind to any Transferee under or on account of this Agreement or the transactions
contemplated hereby other than the contractual obligations of Accenture SCA expressly set forth
herein.

     Section 9.6. Notices.

          (a) Any communication, demand or notice to be given hereunder will be duly given (and
shall be deemed to be received) when delivered in writing by hand or first class mail or by
telecopy to a party at its address as indicated below or at such other address of which the
respective party has given notice in accordance with this Section 9.6:

	 	 	 	 	 
	 	 	If to a Transferor:
	 
	 	 	 	 
	 

	 	 	 	c/o Accenture SCA
	 

	 	 	 	46A, Avenue J.F. Kennedy
	 

	 	 	 	L-1855
	 

	 	 	 	Luxembourg
	 

	 	 	 	Telecopy: (352) 26 42 35 00
	 

	 	 	 	Attention: General Partner
	 

	 	 	 	(or, if different, the then-current corporate seat of Accenture SCA)
	 
	 	 	 	 
	 	 	If to a Transferee:
	 
	 	 	 	 
	 

	 	 	 	To the address specified in the Joinder Agreement executed and delivered by the Transferee.
	 
	 	 	 	 
	 	 	If to Accenture SCA:
	 
	 	 	 	 
	 

	 	 	 	c/o Accenture SCA
	 

	 	 	 	46A, Avenue J.F. Kennedy
	 

	 	 	 	L-1855
	 

	 	 	 	Luxembourg
	 

	 	 	 	Telecopy: (352) 26 42 35 00
	 

	 	 	 	Attention: General Partner
	 

	 	 	 	(or, if different, the then-current corporate seat of Accenture SCA)

20

 

	 	 	 	 	 
	 	 	With a copy to:
	 
	 	 	 	 
	 

	 	 	 	Accenture Employee Equity Services
	 

	 	 	 	161 North Clark Street, 38th Floor
	 

	 	 	 	Chicago, Illinois 60601
	 

	 	 	 	Attention: Jason Weakland

          Accenture SCA shall be responsible for notifying each Transferor of the receipt of a
communication, demand or notice under this Agreement relevant to such Transferor, in
writing, at the address of such Transferor then in the records of Accenture SCA (and each
Transferor shall notify Accenture SCA of any change in such address for communications,
demands and notices) or by electronic mail to the principal electronic address of such
person maintained by the Company.

          (b) Unless otherwise provided to the contrary herein, any notice which is required to
be given in writing pursuant to the terms of this Agreement may be given by telecopy.

     Section 9.7. Severability. If any provision of this Agreement is finally held to be
invalid, illegal or unenforceable, the remaining terms and provisions hereof shall be unimpaired.

     Section 9.8. No Third-Party Rights; Accenture Ltd Third Party Beneficiary. Except as
set forth in this Section 9.8, nothing expressed or referred to in this Agreement will be construed
to give any person other than the parties to this Agreement, the Company (and its directors,
officers, partners, employees, agents and representatives) and Accenture Ltd any legal or equitable
right, remedy, or claim under or with respect to this Agreement or any provision of this Agreement.
This Agreement and all of its provisions and conditions are for the sole and exclusive benefit of
the parties to this Agreement, the Company (and its directors, officers, partners, employees,
agents and representatives) and Accenture Ltd and their successors and permitted assigns. It is
expressly intended that Accenture Ltd shall be a third party beneficiary with respect to Section
7.2 of this Agreement and that, upon a redemption of Transferred Shares in exchange for Class A
Common Shares as described in said Section 7.2, Accenture Ltd shall succeed to all rights of
Accenture SCA hereunder and shall be entitled to exercise all rights, remedies and claims under or
with respect to this Agreement and all provisions hereof. It is further expressly acknowledged and
agreed that this Agreement and all of its provisions and conditions are binding upon the parties
and their successors and permitted assigns (including any permitted subsequent transferees of the
Transferee).

     Section 9.9. Section Headings. The headings of sections in this Agreement are
provided for convenience only and will not affect its construction or interpretation.

     Section 9.10. Execution in Counterparts. This Agreement may be executed in any number
of counterparts, each of which shall be deemed an original, but all such counterparts shall
together constitute one agreement.

     IN WITNESS WHEREOF, the parties hereto have duly executed or caused to be duly executed this
Transfer Restriction Agreement as of the date first above written, but with the

21

 

effective date as to any Transferor and Transferee in respect of any Transfer to be the date of
Accenture SCA’s implementation of such Transfer in accordance with the respective Joinder Agreement
for such Transfer.

	 	 	 
	 

	ACCENTURE SCA
	 
	 	 
	 

	By:

	 

	 	

	 

	Name:
	 

	Title:

22exv10w3

 

 

 

Exhibit 10.3

TRANSFER RESTRICTION AGREEMENT

AMONG

ACCENTURE LTD

and

TRANSFERORS AND TRANSFEREES SIGNATORY HERETO

Dated as of April 1, 2005

 

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 	 	 
	 	 	 	Page	 
	ARTICLE
I   DEFINITIONS AND OTHER MATTERS	 	 	1	 
	 

	 	Section 1.1.
	 	Definitions
	 	 	1	 
	 

	 	Section 1.2.
	 	Gender
	 	 	4	 
	 

	 	Section 1.3.
	 	Application
	 	 	4	 
	ARTICLE II  TRANSFER RESTRICTIONS	 	 	5	 
	 

	 	Section 2.1.
	 	Transfer and Consent
	 	 	5	 
	 

	 	Section 2.2.
	 	Transfer Restrictions
	 	 	6	 
	 

	 	Section 2.3.
	 	Non-Certificated Shares; Legend
	 	 	8	 
	 

	 	Section 2.4.
	 	Stop Transfers
	 	 	8	 
	 

	 	Section 2.5.
	 	Release of Restrictions
	 	 	8	 
	ARTICLE III  TRANSFER PROCEDURES	 	 	9	 
	 

	 	Section 3.1.
	 	Requirements for Transfer
	 	 	9	 
	 

	 	Section 3.2.
	 	Subsequent Transfers
	 	 	10	 
	 

	 	Section 3.3.
	 	Subsequent Amendments to Governing Documents; Subsequent
Transfers of Ownership Interests
	 	 	10	 
	 

	 	Section 3.4.
	 	Reacquisition of Transferred Shares
	 	 	10	 
	ARTICLE IV   VOTING OF TRANSFERRED SHARES	 	 	11	 
	 

	 	Section 4.1.
	 	Irrevocable Proxy and Power of Attorney
	 	 	11	 
	ARTICLE V   CUSTODIAL ARRANGEMENTS	 	 	11	 
	 

	 	Section 5.1.
	 	Holding of Shares in Custody and/or in Nominee Name
	 	 	11	 
	 

	 	Section 5.2.
	 	Dividends and Distributions
	 	 	12	 
	ARTICLE VI   REPRESENTATIONS AND WARRANTIES	 	 	12	 
	 

	 	Section 6.1.
	 	Representations and Warranties of Transferors
	 	 	12	 
	 

	 	Section 6.2.
	 	Representations and Warranties of Transferees
	 	 	13	 
	 

	 	Section 6.3.
	 	Continuing Representations and Warranties
	 	 	15	 
	ARTICLE VII   OTHER AGREEMENTS OF THE PARTIES	 	 	16	 
	 

	 	Section 7.1.
	 	Adjustment upon Changes in Capitalization; Adjustments upon
Changes of Control; Representatives, Successors and Assigns
	 	 	16	 
	 

	 	Section 7.2.
	 	Confirmation of Agreements
	 	 	17	 
	 

	 	Section 7.3.
	 	Further Assurances
	 	 	17	 
	ARTICLE VIII  INDEMNITY AND EXPENSES	 	 	17	 
	 

	 	Section 8.1.
	 	Indemnity
	 	 	17	 
	 

	 	Section 8.2.
	 	Expenses
	 	 	17	 
	ARTICLE
IX    MISCELLANEOUS	 	 	17	 
	 

	 	Section 9.1.
	 	Term of the Agreement
	 	 	17	 
	 

	 	Section 9.2.
	 	Waivers; Amendments
	 	 	17	 
	 

	 	Section 9.3.
	 	Governing Law
	 	 	18	 
	 

	 	Section 9.4.
	 	Resolution of Disputes
	 	 	18	 
	 

	 	Section 9.5.
	 	Relationship of Parties
	 	 	19	 
	 

	 	Section 9.6.
	 	Notices
	 	 	20	 
	 

	 	Section 9.7.
	 	Severability
	 	 	21	 
	 

	 	Section 9.8.
	 	No Third-Party Rights
	 	 	21	 
	 

	 	Section 9.9.
	 	Section Headings
	 	 	21	 

-i-

 

TABLE OF
CONTENTS
(continued)

	 	 	 	 	 	 	 	 	 
	 

	 	
	 	 
	 	 	Page	 
	 

	 	Section 9.10.
	 	Execution in Counterparts
	 	 	21	 

-ii-

 

 

TRANSFER RESTRICTION AGREEMENT

     This Transfer Restriction Agreement, dated as of April 1, 2005 (as amended, supplemented,
waived or otherwise modified from time to time in accordance with its terms, the “Agreement”) among
Accenture Ltd, an exempted company limited by shares organized under the laws of Bermuda
(registered number EG300900) (“Accenture Ltd”), the Transferors (as defined below) and the
Transferees (as defined below).

WITNESSETH

     WHEREAS, the Bye-laws of Accenture Ltd (the “Bye-laws”) impose certain restrictions on the
transfer of Class A Common Shares of Accenture Ltd (the “Class A Common Shares”) held by “Covered
Persons” (as defined below), including the Partners signatory hereto.

     WHEREAS, Accenture Ltd is willing to agree to and approve certain Transfers (as defined below)
of Class A Common Shares by the Transferors to the Transferees pursuant to and subject to the terms
of this Transfer Restriction Agreement notwithstanding that such Transfers are otherwise restricted
by the Bye-laws.

     NOW, THEREFORE, in consideration of the premises and the mutual agreements, covenants and
provisions herein contained, the parties agree as follows:

ARTICLE I

DEFINITIONS AND OTHER MATTERS

     Section 1.1. Definitions. The following words and phrases as used herein shall have
the following meanings, except as otherwise expressly provided or unless the context otherwise
requires:

          (a) “Accenture Ltd” shall have the meaning ascribed to such term in the preamble
hereto.

          (b) “Agreement” shall have the meaning ascribed to such term in the preamble hereto
and, in respect of each Transferor and each Transferee, shall include the Joinder Agreement
executed by such Transferor and such Transferee.

          (c) A “beneficial owner” of a security or of any other interest in an entity 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 or interest and/or (ii) investment power,
which includes the power to dispose, or to direct the disposition of, such security or
interest, but for purposes of this Agreement a person shall not be deemed a beneficial owner
of Common Shares (A) solely by virtue of the application of Exchange Act Rule 13d-3(d) or
Exchange Act Rule 13d-5 as in effect on the date hereof, (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 Code
(or equivalent in other jurisdictions as determined from time to time by Accenture Ltd).
“Beneficially own” and “beneficial ownership” shall have correlative meanings. For purposes
of the determination of beneficial ownership only, the provisions of Article IV hereof shall
not be deemed to transfer the voting power with respect to any Common Shares from any person
that would otherwise be the beneficial owner of such Common Shares and the provisions of
Article II hereof shall not be deemed to transfer the investment power with respect to any
Common Shares.

               (d) “Base Restriction Date” shall have the meaning ascribed to such term in Section
2.2(a) hereof.

               (e) “Bye-laws” shall mean the Bye-laws of Accenture Ltd as in effect on the date hereof
and as the same may be amended, modified or restated from time to time after the date
hereof, and reference to a “Bye-law” shall mean the specific numbered Bye-law, included in
the Bye-laws, so referred to.

               (f) “Class A Common Shares” shall have the meaning ascribed to such term in the
preamble hereto.

               (g) “Common Shares” shall mean collectively the Class A Common Shares and the Class X
Common Shares of Accenture Ltd..

               (h) “Company” shall mean Accenture Ltd, together with its Subsidiaries from time to
time.

               (i) “Covered Persons” shall have the meaning ascribed to such term in the Bye-laws. The
Transferors signatory hereto are Covered Persons.

               (j) “Covered Shares” shall have the meaning ascribed to such term in the Bye-laws. The
“Transferred Shares” (as defined herein) as held by the Transferors prior to Transfer are
Covered Shares.

               (k) “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.

               (l) “Exchange Act” shall mean the United States Securities Exchange Act of 1934, as
amended to date and as further amended from time to time.

               (m) “Exempt Organization” shall mean (i) an organization exempt from federal income
taxation under Sections 501(c) or (d) of the Internal Revenue Code as amended from time to
time (or corresponding provisions of subsequent superseding federal revenue laws), or (ii)
an organization organized under the laws of a jurisdiction other than the United States (or
any political subdivision thereof) which is substantially

2

 

the same, in regard to the nature and purpose of its organization and operations, as
any organization described in preceding clause (i).

               (n) “Extended Restriction Date” shall have the meaning ascribed to such term in Section
2.2(a) hereof.

               (o) “Family Members” shall mean in respect of a Transferor (i) the lawful spouse of the
Transferor, (ii) the domestic partner of the Transferor, (iii) the lineal ascendants and
lineal descendants of the grandparents of the Transferor or the grandparents of the Persons
described in the preceding clauses (i) and (ii), and the spouses or domestic partners of any
such lineal ascendants or lineal descendants, and (iv) the children, including stepchildren
and adopted children, of the Persons described in preceding clauses (i), (ii) and (iii).
With respect to the foregoing, the term “spouse” shall include any current lawful spouse,
deceased spouse or divorced spouse, and the term “domestic partner” shall refer to a Person
(regardless of gender) acknowledged as a domestic partner (or similar term) through legal
process in the applicable jurisdiction or by formal written acknowledgment by the Person
claiming such status, which written acknowledgement shall be subject to a reasonable and
nondiscriminatory approval process by the Company.

               (p) “Interim Restriction Date” shall have the meaning set forth in Section 2.2(a)
hereof.

               (q) “IPO Date” shall mean July 24, 2001, which was the closing date of the initial
public offering of the Class A Common Shares.

               (r) “Joinder Agreement” shall have the meaning ascribed to such term in Section 3.1(a)
hereof.

               (s) “Non-Competition Agreement” shall mean that certain Non-Competition Agreement dated
as of April 18, 2001 among Accenture Ltd and the Partners signatory thereto, as the same may
be amended, supplemented or otherwise modified from time to time.

               (t) “Partner Matters Agreement” shall mean that certain Partner Matters Agreement dated
as of April 18, 2001 among Accenture Ltd and the Partners signatory thereto, as the same may
be amended, supplemented or otherwise modified from time to time.

               (u) “Partners” shall mean those executive employees of the Company with the “Partner”
title.

               (v) “Person” shall include, as applicable, any individual, estate, trust, corporation,
partnership, limited liability company, unlimited liability company, foundation, association
or other entity.

               (w) “Pledge Agreement” shall mean that certain Pledge Agreement dated as of April 18,
2001 among Accenture Ltd and the Partners signatory thereto, as the

3

 

same may be amended, supplemented or otherwise modified from time to time, which
agreement was given as security for the pledgors’ obligations under the Non-Competition
Agreement.

               (x) “Proxy Termination Date” shall have the meaning ascribed to such term in Section
4.1(c) hereof.

               (y) “Restriction Date” shall have the meaning ascribed to such term in Section 2.2(a)
hereof.

               (z) “Securities Act” shall mean the United States Securities Act of 1933, as amended to
date and as further amended from time to time.

               (aa) “Transfer” shall mean any sale, transfer, pledge, hypothecation 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 Common Shares, including short
sales of securities of Accenture Ltd, option transactions (whether physical or cash settled)
with respect to securities of Accenture Ltd, use of equity or other derivative financial
instruments relating to securities of Accenture Ltd and other hedging arrangements with
respect to securities of Accenture Ltd.

               (bb) “Transferees” shall mean those Persons to whom Class A Common Shares are
Transferred subject to the terms of this Agreement, who from time to time are parties to
this Agreement and who shall execute a Joinder Agreement in a form approved by Accenture
Ltd.

               (cc) “Transferors” shall mean those Persons who Transfer Class A Common Shares subject
to the terms of this Agreement, who from time to time are parties to this Agreement and who
shall execute a Joinder Agreement in a form approved by Accenture Ltd. Transferors may
include active, retired and resigned Partners.

               (dd) “Transferred Shares” shall have the meaning ascribed to such term in Section
2.1(a) hereof.

     Section 1.2. Gender. For the purposes of this Agreement, the words “he,” “his” or
“himself” and “it,” “its” or “itself” shall be interpreted to include the masculine, feminine and
corporate or other entity or trust form, as applicable in the particular context.

     Section 1.3. Application.

               (a) Accenture Ltd and certain Partners and their transferees previously entered into a
“Transfer Restriction Agreement” dated as of October 1, 2002 and subsequently amended with
respect to transfers of Class A Common Shares made prior to the date hereof. This Agreement
applies with respect to Transfers of Class A Common Shares made after the date hereof by
Partners who are signatory hereto as Transferors.

               (b) The provisions of this Agreement shall be applied separately to each Transferor and
each Transferee in respect of each respective Transfer described in

4

 

Schedule I to the Joinder Agreement executed by such respective Transferor and
Transferee. The obligations of the Transferors hereunder shall be the several obligations
of the respective Transferors in respect of the respective Transfers; and the obligations
of, and restrictions upon, the Transferees shall be the several obligations of, and
restrictions upon, the respective Transferees in respect of the respective Transfers.

ARTICLE II

TRANSFER RESTRICTIONS

     Section 2.1. Transfer and Consent.

               (a) Consent by Accenture Ltd. Subject to the terms and conditions of this
Agreement, including, without limitation, the prior satisfaction of the requirements of
Section 3.1 hereof, Accenture Ltd, by its implementation of the Transfer specified in a
Joinder Agreement, consents to the Transfer of Class A Common Shares by the Transferor to
the Transferee, all as described in Schedule I to such Joinder Agreement. This consent
shall be valid only with respect to the specific Transfer, number of Class A Common Shares,
Transferor and Transferee described in such Schedule I to Joinder Agreement. The Class A
Common Shares identified in such Schedule I to Joinder Agreement and Transferred, or to be
Transferred, by the Transferor to the Transferee with the consent of Accenture Ltd pursuant
hereto are referred to herein as the “Transferred Shares.”

               (b) Eligible Transfers. A Transfer shall be eligible to be considered for
Accenture Ltd’s consent pursuant to Section 2.1(a) only if such Transfer is made primarily
for the Transferor’s estate and/or tax planning purposes or charitable giving purposes. The
Transferor shall demonstrate to the satisfaction of Accenture Ltd (in the exercise of its
discretion) that the proposed Transfer satisfies such eligibility requirement. Subject to
such guidelines as Accenture Ltd may establish from time to time in its sole discretion,
Accenture Ltd has advised Partners that proposed Transfers to Family Members and/or Exempt
Organizations will presumptively be considered eligible Transfers, subject, however, to
final evaluation and determination in each case by Accenture Ltd in its sole discretion.

               (c) Acknowledgments by Transferor and Accenture Ltd. The Transferor and
Accenture Ltd acknowledge and agree that: (i) notwithstanding anything to the contrary
contained herein (including, without limitation, the definition of “beneficial owner” in
Section 1.1(c) hereof), the Transferred Shares shall be deemed to continue to be the
Transferor’s “Partner Matters Interests” (as defined in the Partner Matters Agreement) for
purposes of the Partner Matters Agreement at all times until the Proxy Termination Date (as
defined in Section 4.1(c) below); (ii) the respective number of Transferred Shares indicated
for a Base Restriction Date (in accordance with Section 3.1(b) below) shall, for purposes of
Bye-law 43.2, be applied against the cumulative maximum number of Covered Shares which may
be Transferred as of such date by the Transferor in accordance with the transfer
restrictions imposed by the Bye-laws, but shall not be charged against the cumulative
maximum number of Covered Shares which may

5

 

be transferred prior to such date; and (iii) each Transferor remains subject to the
requirement under the Bye-laws of retaining at least 25% of the Covered Shares owned by such
Partner as of the IPO Date until the later of July 24, 2009 (the eighth anniversary of the
IPO Date) or the date that such Transferor ceases to be an employee of the Company.

               (d) Independent Determination by Transferor and Transferee. The Transferor and
the Transferee acknowledge and agree that: (i) they have, in their discretion and in
reliance upon such advice and counsel from third parties as they considered appropriate,
determined to effect the Transfer of the Transferred Shares and to effect such Transfer in
the manner described in Schedule I to the Joinder Agreement; (ii) Accenture Ltd has not, and
shall not be deemed to have, recommended or endorsed or provided advice in respect of the
Transfer of the Transferred Shares; and (iii) without limitation on the indemnity provided
by Section 8.1 hereof, neither Accenture Ltd nor any of its directors, officers, partners,
employees, agents or representatives (except with respect to a Joinder Agreement to which
any such Person is party as Transferor or Transferee) shall have any liability whatsoever on
account of or in respect of the Transfer of the Transferred Shares.

     Section 2.2. Transfer Restrictions.

               (a) Applicable Definitions. This Section 2.2 imposes restrictions on the
transfer of Transferred Shares with reference to the “Base Restriction Date,” the “Extended
Restriction Date,” the “Interim Restriction Date” and the “Restriction Date,” which terms
shall have the following meanings:

          (i) “Base Restriction Date” shall mean a date specified by the Transferor in
Schedule I to the Joinder Agreement in respect of Transferred Shares, which date
shall be either (x) an anniversary of the IPO Date not later than July 24, 2008 (the
seventh anniversary of the IPO Date) or (y) the Extended Restriction Date (which
shall be identified by the use of such defined term in Schedule I to the Joinder
Agreement); provided, however, that:

          (1) For Transfers made by Transferors who as of the date of Transfer
are resigned Partners, the Base Restriction Date shall be July 24, 2009 (the
eighth anniversary of the IPO Date);

          (2) A Transferor who is a retired Partner and will attain age 56 after
July 24, 2009 may designate July 24, 2009 as the Base Restriction Date with
respect to shares that are not scheduled pursuant to the Bye-laws to be
released from transfer restriction prior to such date; and

          (3) A Transferor who is a retired Partner and will attain age 56 on or
prior to July 24, 2009 may designate his 56th birthday as the Base
Restriction Date with respect to Transferred Shares which, in accordance
with the Bye-laws, would be subject to transfer restrictions extending
beyond such date except for the occurrence of such birthday.

6

 

          (ii) “Extended Restriction Date” shall mean the later of (1) July 24, 2009 (the
eighth anniversary of the IPO Date) or (2) the date that the Transferor ceases to be
an employee of the Company.

          (iii) “Interim Restriction Date” shall mean the earlier of (1) November 1, 2005
or (2) such date as of which Accenture Ltd initiates new trading and transfer
procedures to facilitate the transfer of Class A Common Shares.

          (iv) “Restriction Date” shall mean the later of (1) the Interim Restriction
Date or (2) the Base Restriction Date as it may be accelerated to an earlier date or
deferred to a later date in accordance with the following:

     (1) If the Transferor ceases to be an Employee Covered Person
subsequent to the Transfer and prior to the Base Restriction Date, other
than by reason of the Transferor becoming a “Retired Employee” or a
“Disabled Employee” (each as defined in the Bye-laws) or by reason of the
death of the Transferor, the Base Restriction Date in respect of Transferred
Shares shall be deferred to July 24, 2009 (the eighth anniversary of the IPO
Date) if the Extended Restriction Date was not originally specified in
Schedule I to the Joinder Agreement as the Base Restriction Date; and

     (2) If the Transferor dies prior to the Base Restriction Date, the Base
Restriction Date in respect of all Transferred Shares shall be accelerated
to the date of the Transferor’s death.

               (b) No Transfers. No Transferred Shares or any direct or indirect interest
therein may be Transferred by the Transferee prior to the Restriction Date applicable to
such Transferred Shares without the prior written consent of Accenture Ltd, which consent
shall be in the sole discretion of Accenture Ltd to grant or withhold.

               (c) No Pledge of Shares. Without limitation on or by Section 2.2(b), prior to
the Restriction Date, unless otherwise agreed in writing by Accenture Ltd (which agreement
shall be in the sole discretion of Accenture Ltd to grant or withhold), the Transferee shall
not pledge, hypothecate or give as security to any Person the Transferred Shares or any
interest therein.

               (d) Lock-Up Provisions. Each Transferee agrees for the benefit of Accenture
Ltd, the Transferors and each other Transferee that such Transferee will comply with the
restrictions on Transfer relating to Common Shares imposed by the lock-up provisions of any
underwriting agreement, in respect of any offering of Common Shares, entered into by
Accenture Ltd at any time prior to the Restriction Date, whether or not the Transferee is
specifically named therein, provided that Accenture Ltd shall give to the Transferor, as
agent for the Transferee, written notice thereof; and, notwithstanding anything to the
contrary contained in this Agreement, such Transferee shall remain subject to and comply
with such lock-up provisions under any such underwriting

7

 

agreement for the term of such provisions even though such term may extend beyond the
Restriction Date.

               (e) Information. With respect to the determination of the Restriction Date,
Accenture Ltd shall be under no obligation to provide information to the Transferee with
respect to any event or condition accelerating or deferring the Base Restriction Date;
provided, however, that upon the specific written request of the Transferee, Accenture Ltd
shall use its reasonable efforts to advise the Transferee of the Restriction Date, to the
extent then determinable under the then applicable circumstances.

               (f) Prohibited Transfers Void. Any purported Transfer of the Transferred Shares
or of any direct or indirect interest therein contrary to the provisions of this Section 2.2
shall be null and void and of no force or effect.

     Section 2.3. Non-Certificated Shares; Legend.

               (a) Accenture Ltd shall have no obligation to issue certificated shares in respect of
the Transfer of the Transferred Shares, and the Transferee shall have no right to receive
certificated shares. In the discretion of Accenture Ltd, the Transferred Shares may be
issued in book-entry or other non-certificated form in accordance with the policies of
Accenture Ltd.

               (b) If the Transferred Shares are issued as certificated shares, each Transferor and
each Transferee understands and agrees that any share certificate representing Transferred
Shares may bear a legend noted conspicuously on each such certificate, reading substantially
as follows:

“THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO THE PROVISIONS OF A TRANSFER
RESTRICTION AGREEMENT AMONG ACCENTURE LTD AND THE PERSONS NAMED THEREIN, A COPY OF WHICH IS
ON FILE AT THE PRINCIPAL OFFICE OF ACCENTURE LTD AND WHICH, AMONG OTHER MATTERS, PLACES
RESTRICTIONS ON THE DISPOSITION AND VOTING OF SUCH SECURITIES. THE SECURITIES REPRESENTED BY
THIS CERTIFICATE MAY BE SOLD, EXCHANGED, TRANSFERRED, ASSIGNED, PLEDGED, PARTICIPATED,
HYPOTHECATED OR OTHERWISE DISPOSED OF ONLY IN ACCORDANCE THEREWITH.”

     Section 2.4. Stop Transfers. Each Transferor and Transferee agrees and consents (i)
that Accenture Ltd may refuse to register the transfer of and (ii) to the entry of stop transfer
orders against the transfer of Transferred Shares, except in compliance with this Agreement.

     Section 2.5. Release of Restrictions. At any time following the Restriction Date,
upon the written request of the Transferee, the Transferred Shares shall be released, pursuant to
procedures to be determined by Accenture Ltd in its sole discretion, free and clear of all
restrictions and legends described in this Article II.

8

 

ARTICLE III

TRANSFER PROCEDURES

     Section 3.1. Requirements for Transfer

               (a) As a condition to any Transfer of Transferred Shares pursuant to this Agreement,
the Transferor and the Transferee shall complete, execute and deliver to Accenture Ltd a
Joinder Agreement (with Schedule I thereto) in a form approved by Accenture Ltd (the
“Joinder Agreement”).

               (b) The Transferor shall set forth in Schedule I to the Joinder Agreement the Base
Restriction Date(s) and the applicable number of Transferred Shares with respect to such
Base Restriction Date(s). The Base Restriction Date(s) and the number of Transferred Shares
to which the respective Base Restriction Dates are applicable, as designated by the
Transferor, must be consistent with the restrictions on transfer (and the scheduled lapsing
of such restrictions) provided by the Bye-laws and as applicable to the Transferor, after
giving effect to any Transfers of Covered Shares previously made by the Transferor.
Notwithstanding the foregoing provisions of this Section 3.1(b), in lieu of specifying a
Base Restriction Date in Schedule I to the Joinder Agreement, the Transferor may designate
Transferred Shares as “Unrestricted” if such designation is consistent with the lapsing of
transfer restrictions under the Bye-laws as applicable to the Transferor; provided it is
acknowledged that all such “Unrestricted” Transferred Shares, in the same manner as all
other Transferred Shares, are nevertheless subject to the transfer restriction imposed by
Section 2.2(b) until the Interim Restriction Date.

               (c) As a condition to granting its consent to any Transfer pursuant to this Agreement,
Accenture Ltd may require the Transferor to provide such information and materials as
Accenture Ltd may determine in its sole discretion with respect to the proposed Transfer and
Transferee, including, without limitation, a description of the beneficial owners of any
proposed Transferee that is not a natural person, a copy of the organizational documents of
any proposed Transferee that is not a natural person, and a copy of the relevant documents
with respect to any estate and/or tax planning vehicle to which or by means of which the
proposed Transfer is to be made.

               (d) As a further condition to granting its consent to any Transfer pursuant hereto,
Accenture Ltd shall have received from legal counsel, selected or approved by Accenture Ltd
(i) approval of the documentation, information and materials required by this Section 3.1
and (ii) confirmation of the determination that the proposed Transfer satisfies the
eligibility requirement of Section 2.1(b).

               (e) Simultaneously with the delivery of the executed Joinder Agreement pursuant to
Section 3.1(a), if the Transferred Shares are then held in certificated form, the Transferor
shall deliver or cause to be delivered to Accenture Ltd the certificates evidencing the
Transferred Shares. Accenture Ltd will re-issue the Transferred Shares, in certificated or
non-certificated form as determined by Accenture

9

 

Ltd in its sole discretion, in the name of a nominee for the Transferee (if so elected
by Accenture Ltd), and the Transferred Shares shall be held in the custody of a custodian as
provided in Section 5.1 hereof.

     Section 3.2. Subsequent Transfers. Subject to the provisions of Section 3.3,
following the Transfer of the Transferred Shares to the Transferee as consented to by Accenture Ltd
pursuant to Section 2.1 hereof, Accenture Ltd shall have no obligation whatsoever to consent to any
subsequent transfer of the Transferred Shares by the Transferee. In the event Accenture Ltd, in
its discretion, consents to any subsequent Transfer of the Transferred Shares, Accenture Ltd may,
in its discretion, impose such conditions upon such subsequent Transfer as it considers appropriate
for its purposes, including, without limitation, that (i) the subsequent transferee execute such
documentation accepting, confirming and agreeing to be bound by the agreements, conditions and
restrictions of this Agreement (specifically including, without limitation, the transfer
restrictions set forth in Section 2.2 and the proxy and power of attorney set forth in Section 4.1)
and (ii) that the transferring Transferee and the subsequent transferee execute such other
documents and instruments in respect of such Transfer as deemed appropriate by Accenture Ltd.

     Section 3.3. Subsequent Amendments to Governing Documents; Subsequent Transfers of
Ownership Interests. If, at any time after the effective date of the Transfer to any
Transferee other than an individual (including any partnership, corporation, limited liability
company, trust or other entity): (a) the governing documents of such Transferee are amended or
modified in any respect, then the Transferee shall promptly notify Accenture Ltd in writing of such
amendment or modification and furnish to Accenture Ltd copies of such amendment or modification or
amended or modified documents; or (b) any direct or indirect interest in such entity Transferee
shall be transferred or the beneficial owners of such Transferee shall change, then the Transferee
shall promptly notify Accenture Ltd in writing of such change (including the identity of any new
beneficial owners and the relationship of such new beneficial owners to the Transferor) and furnish
to Accenture Ltd copies of all documentation implementing or evidencing such transfer or change.

     Section 3.4. Reacquisition of Transferred Shares. Subject to the consent of Accenture
Ltd, in the event a Transferor reacquires Transferred Shares, such reacquired shares may be
released, pursuant to procedures to be determined by Accenture Ltd in its sole discretion, free and
clear of all agreements, conditions and restrictions of this Agreement, provided that such
reacquired shares shall again be deemed, and the Transferor shall confirm that such reacquired
shares are, Covered Shares subject to the transfer restrictions imposed by the Bye-laws in the same
manner and with the same effect as if such shares had never been transferred by the Transferor.

10

 

ARTICLE IV

VOTING OF TRANSFERRED SHARES

     Section 4.1. Irrevocable Proxy and Power of Attorney.

               (a) Each Transferee hereby gives the Transferor who has transferred the Transferred
Shares to such Transferee, with full power of substitution and resubstitution, an exclusive
and irrevocable proxy and power of attorney to vote or otherwise act with respect to all of
the Transferee’s Transferred Shares, as fully, to the same extent and with the same effect
as such Transferee might or could do under any applicable laws or regulations governing the
rights and powers of shareholders of a Bermuda company;

               (b) Each such Transferee hereby affirms to Accenture Ltd and the Transferor that this
proxy and power of attorney is given as a term of this Agreement and as such is coupled with
an interest and is irrevocable. It is further understood and agreed by each such Transferee
that this proxy and power of attorney may be exercised by the respective Transferor with
respect to all Transferred Shares transferred by such Transferor to such Transferee.

               (c) The proxy and power of attorney given by the Transferee to the Transferor pursuant
to this Section 4.1 shall remain in effect until the date (the “Proxy Termination Date”)
which is the earlier of (i) the date that such Transferor ceases to be an Employee Covered
Person and (ii) such date, following the Restriction Date, that the Transferee transfers the
Transferred Shares to a subsequent transferee.

               (d) It is acknowledged and agreed by the Transferee that the Transferred Shares may be
voted, pursuant to the proxy and power of attorney given pursuant to this Section 4.1 in the
interests of the Transferor and/or the Company, as may be determined by the Transferor,
without any duty or obligation to the Transferee being expressly or implicitly undertaken or
assumed by the Transferor or the Company as a result of the acceptance of such proxy and
power of attorney.

               (e) Notwithstanding the foregoing provisions of this Section 4.1, it is acknowledged
and agreed that the proxy and power of attorney provided by this Section 4.1 are not, and
shall not be deemed to be, given in the case of any Transfer of Transferred Shares (1) by
any Transferor who is a retired or resigned Partner or (2) to any Transferee that is an
Exempt Organization.

ARTICLE V

CUSTODIAL ARRANGEMENTS

     Section 5.1. Holding of Shares in Custody and/or in Nominee Name.

               (a) Each Transferee agrees, as a condition to the consent of Accenture Ltd to the
Transfer of the Transferred Shares to the Transferee, that all Transferred

11

 

Shares shall, at the sole discretion of Accenture Ltd, be registered in the name of a
nominee for such Transferee and/or shall be held in the custody of a custodian until
otherwise determined by Accenture Ltd, and each Transferee appoints the General Counsel of
Accenture Ltd and/or his designee, with full power of substitution and resubstitution, such
Transferee’s true and lawful attorney-in-fact to assign, endorse and register for transfer
into such nominee’s name or deliver to such custodian any such Transferred Shares which are
not so registered or so held, as the case may be, and to enter into any custody agreement
with respect to such Transferred Shares, granting to such attorneys, and each of them, full
power and authority to do and perform each and every act and thing whatsoever that such
attorney or attorneys may deem necessary, advisable or appropriate to carry out fully the
intent of this Section 5.1 as such Transferee might or could do personally, hereby ratifying
and confirming all acts and things that such attorney or attorneys may do or cause to be
done by virtue of this power of attorney.

          (b) The Transferred Shares shall be released free and clear from the requirements of
this Section 5.1, pursuant to procedures to be developed by Accenture Ltd, upon delivery of
the written request of the Transferee at any time following the Restriction Date.

     Section 5.2. Dividends and Distributions. Whenever any nominee holder shall receive
any dividend or other distribution in respect of any Transferred Shares, satisfied otherwise than
in Common Shares, Accenture Ltd will give or cause to be given notice or direction to the
applicable nominee and/or custodian referred to in Section 5.1 to permit the prompt distribution of
such dividend or distribution to the beneficial owner of such Transferred 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 Transferee and
Accenture Ltd (or with any other person with respect to which Accenture Ltd has expressly agreed in
writing).

ARTICLE VI

REPRESENTATIONS AND WARRANTIES

     Section 6.1. Representations and Warranties of Transferors. Each Transferor severally
represents and warrants with respect to the Transfer described in the Schedule I attached to the
Joinder Agreement executed by him that:

          (a) the information contained in Schedule I to the Joinder Agreement and all
information and material in respect of the Transfer delivered
pursuant to Section 3.1(c) is complete and correct;

          (b) the Transfer of the Transferred Shares by the Transferor satisfies the Transfer
eligibility requirement of Section 2.1(b) hereof:

          (c) the Transferred Shares are not subject to, and the Transferor is not, with respect
to the Transferred Shares, a party to any other agreement, arrangement or understanding with
respect to (i) the Transfer identified in the Schedule I to the Joinder

12

 

Agreement, (ii) any other transfer with respect to the Transferred Shares or (iii) any
ownership interest in the Transferred Shares.

          (d) such Transferor has good, valid and marketable title to the Transferred Shares,
free and clear of any pledge, lien, security interest, charge, claim, equity or encumbrance
of any kind, other than pursuant to the Pledge Agreement or any other agreement with
Accenture Ltd or any other agreement with another person with respect to which Accenture Ltd
has expressly agreed in writing;

          (e) this Agreement constitutes the legal, valid and binding obligation of such
Transferor, enforceable against such Transferor in accordance with its terms, subject to the
effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and
other similar laws relating to or affecting creditors’ rights generally and to general
equitable principles (whether considered in a proceeding in equity or at law);

          (f) there are no actions, suits or proceedings pending, or, to the knowledge of such
Transferor, threatened against or affecting such Transferor or such Transferor’s assets in
any court or before or by any federal, state, municipal or other domestic or foreign
governmental department, commission, board, bureau, agency or instrumentality; and

          (g) no statement, representation or warranty made by such Transferor in this Agreement
contains or will contain any untrue statement of a material fact or omits or will omit to
state a material fact necessary in order to make the statements, representations or
warranties contained herein or information provided therein not misleading.

     Section 6.2. Representations and Warranties of Transferees. Each Transferee
represents and warrants with respect to the Transfer described in the Schedule I attached to the
Joinder Agreement executed by it that:

          (a) the information concerning the Transferred Shares and the Transferee contained in
Schedule I to the Joinder Agreement is complete and correct;

          (b) the Transferred Shares are not and will not be subject to, and the Transferee is
not and will not be, with respect to the Transferred Shares, a party to, any other
agreement, arrangement or understanding with respect to (i) the Transfer identified in
Schedule I to the Joinder Agreement, (ii) any other Transfer with respect to the Transferred
Shares, or (iii) the beneficial ownership of the Transferred Shares;

          (c) this Agreement constitutes the legal, valid and binding obligation of such
Transferee, enforceable against such Transferee in accordance with its terms, subject to the
effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and
other similar laws relating to or affecting creditors rights generally and to general
equitable principles (whether considered in a proceeding in equity or at law);

          (d) there are no actions, suits or proceedings pending, or, to the knowledge of such
Transferee, threatened against or affecting such Transferee or such

13

 

Transferee’s assets in any court or before or by any federal, state, municipal or other
domestic or foreign governmental department, commission, board, bureau, agency or
instrumentality;

          (e) such Transferee understands that the ability to transfer the Transferred Shares is
subject to legal and contractual restrictions and that the Transferred Shares have not been
registered under the United States Securities Act of 1933, and that such Transferee is
holding the Transferred Shares for its own account, for investment, and not for
distribution, assignment or resale to others, and no other person has any direct or indirect
interest in such Transferred Shares (other than Accenture Ltd or the Transferor (to the
extent provided herein) or at the express written consent of Accenture Ltd);

          (f) no statement, representation or warranty made by such Transferee in this Agreement
contains or will contain any untrue statement of a material fact or omits or will omit to
state a material fact necessary in order to make the statements, representations or
warranties contained herein or information provided therein not misleading;

          (g) such Transferee is acquiring the Transferred Shares for its own account and not
with a view to or for sale in connection with any public distribution thereof within the
meaning of the Securities Act, either directly or through the sale of additional shares or
interests in Transferee. In making any subsequent offering or sale of the Transferred
Shares acquired hereby, such Transferee will be acting only on its own behalf and not as
part of a sale or planned distribution which would be in violation of the Securities Act.
Such Transferee understands that the Transferred Shares have not been registered under the
Securities Act and are being offered and sold pursuant to exemptions therefrom;

          (h) such Transferee has sufficient knowledge and experience in financial and business
matters to enable it to evaluate the merits and risks of an investment in the Transferred
Shares; and such Transferee has the ability to bear the economic risk of acquiring the
Transferred Shares;

          (i) such Transferee has been supplied with sufficient information, or such information
has been made available, to which a reasonable investor would attach significance in making
investment decisions, including the publicly available reports of the Company filed with the
Securities and Exchange Commission since the filing of the Company’s most recent Annual
Report on Form 10-K;

          (j) such Transferee acknowledges that the Transferred Shares are not registered under
the Securities Act or any state securities laws, and cannot be reoffered or resold unless
such shares are registered under the Securities Act or such sale is exempt from such
registration. Such Transferee acknowledges that, as long as appropriate, a legend similar
to the following may appear on the certificates (if any) representing the Transferred
Shares: “These securities have not been registered under the Securities Act of 1933 or any
state securities laws and may be reoffered and sold only if so registered or if an exemption
from registration is available.” Such Transferee agrees that it will not

14

 

transfer all or any portion of the Transferred Shares unless such shares have been
registered or such transfer is exempt from registration under the Securities Act and any
applicable state securities laws. Such Transferee acknowledges that if any transfer of the
Transferred Shares is to be made in reliance on any exemption under the Securities Act, the
Company may require an opinion of counsel reasonably satisfactory to it that such transfer
may be made pursuant to an exemption under the Securities Act;

          (k) the Transferred Shares were not offered or sold to such Transferee by any form of
general solicitation or general advertising; and

          (l) if such Transferee is not a natural person:

               (i) such Transferee is duly organized and validly existing in good standing
under the laws of the jurisdiction of such Transferee’s formation;

               (ii) such Transferee has full right, power and authority to enter into and
perform this Agreement; and

               (iii) the execution and delivery of this Agreement and the performance of the
transactions contemplated herein have been duly authorized, and no further
proceedings on the part of such Transferee are necessary to authorize the execution,
delivery and performance of this Agreement; and this Agreement has been duly
executed by such Transferee.

     Section 6.3. Continuing Representations and Warranties.

          (a) The representations and warranties made by the Transferor in Section 6.1 shall be
continuing representations and warranties by the Transferor during the term of this
Agreement, and the Transferor shall take all actions as shall from time to time be necessary
to cure any breach or violation thereof and to obtain any authorizations, covenants,
approvals and clearances in order that such representations and warranties shall be true and
correct during such period.

          (b) The representations and warranties made by the Transferee in Section 6.2 shall be
continuing representations and warranties by the Transferee during the term of this
Agreement, and the Transferee shall take all actions as shall from time to time be necessary
to cure any breach or violation thereof and to obtain any authorizations, covenants,
approvals and clearances in order that such representations and warranties shall be true and
correct during such period.

15

 

ARTICLE VII

OTHER AGREEMENTS OF THE PARTIES

Section 7.1. Adjustment upon Changes in Capitalization; Adjustments upon Changes of
Control; Representatives, Successors and Assigns.

          (a) In the event of any change in the outstanding Common Shares by reason of stock
dividends, stock splits, reverse stock splits, spin-offs, split-ups, recapitalizations,
amalgamations, combinations, exchanges of shares and the like, the term “Transferred 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 Transferred Shares.
Upon the occurrence of any event described in the immediately preceding sentence, Accenture
Ltd or its authorized representative shall make such adjustments to or interpretations of
the provisions of this Agreement as it shall deem necessary or desirable to carry out the
intent of such provision(s). If Accenture Ltd or its authorized representative deems it
desirable, any such adjustments may take effect from the record date, the “when issued
trading date”, the “ex dividend date” or another appropriate date.

          (b) 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 Transferees shall
hold voting securities of a different entity, the Transferees agree that this Agreement
shall also continue in full force and effect with respect to such voting securities of such
other entity formerly representing or distributed in respect of Common Shares, and the terms
“Class A Common Shares,” “Transferred Shares,” “Common Shares”, and “Accenture Ltd” and
“Company” shall refer to such voting securities formerly representing or distributed in
respect of Common Shares and such entity, respectively. Upon the occurrence of any event
described in the immediately preceding sentence, Accenture Ltd or its authorized
representative shall make such adjustments to or interpretations of the restrictions of this
Agreement as they shall deem necessary or desirable to carry out the intent of such
provision(s). If Accenture Ltd or its authorized representative deems it desirable, any such
adjustments may take effect from the record date or another appropriate date.

          (c) This Agreement shall be binding upon and inure to the benefit of the respective
legatees, legal representatives, successors and assigns of the Transferees (and Accenture
Ltd in the event of a transaction described in Section 7.1(b) hereof); provided, however,
that no Transferor or Transferee may assign this Agreement or any of his rights or
obligations hereunder without the prior written consent of Accenture Ltd, and any assignment
without such consent by a Transferor or Transferee shall be void; and, provided, further,
that no assignment of this Agreement by Accenture Ltd or to a successor of Accenture Ltd (by
operation of law or otherwise) shall be valid unless such assignment is made to a person
which succeeds to the business of Accenture Ltd substantially as an entirety.

16

 

     Section 7.2. Confirmation of Agreements. Each Transferor hereby reaffirms his
agreement to observe and perform, and to be bound by, all terms, conditions and provisions of the
Non-Competition Agreement and related Pledge Agreement to which such Transferor is a party. Each
Transferor also agrees that, with respect to all future Transfers for estate and/or tax planning
purposes or charitable giving purposes, such Transferor will comply with the limitations and
restrictions included in the guidelines established by Accenture Ltd. as are in effect at the time
of such Transfer.

     Section 7.3. Further Assurances. Each Transferor and each Transferee agrees to
execute such additional documents and take such further action upon the request of Accenture Ltd as
may be reasonably necessary to effect the provisions of this Agreement.

ARTICLE VIII

INDEMNITY AND EXPENSES

     Section 8.1. Indemnity. Each Transferor and each Transferee jointly and severally
agrees that it will indemnify and hold harmless the Company and its directors, officers, partners,
employees, agents and representatives against (i) any federal, state or local tax and/or
tax-related liability imposed by any jurisdiction (whether in respect of any income tax, transfer
tax, stamp tax, excise tax or other tax) arising out of or in connection with the Transfer of the
Transferred Shares or any transactions involving the Transferred Shares and (ii) any judgments,
fines, losses, claims, damages, liabilities, costs and expenses (including, without limitation,
attorneys’ fees and defense costs) arising out of or in connection with (x) the Transfer of the
Transferred Shares, any transactions involving the Transferred Shares or any matters pertaining to
this Agreement in respect of such Transferor or Transferee, or (y) any action, suit, proceeding or
investigation, whether civil or criminal, administrative or investigative, in respect of or arising
out of such Transfer, transactions or matters described in preceding clause (x).

     Section 8.2. Expenses. Each Transferor or Transferee shall be responsible for all
expenses of such Transferor or Transferee incurred in connection with the compliance by such
Transferor or Transferee with his obligations under this Agreement, including expenses incurred by
Accenture Ltd or its authorized representative in enforcing the provisions of this Agreement
relating to such obligations.

ARTICLE IX

MISCELLANEOUS

     Section 9.1. Term of the Agreement. The term of this Agreement as to any Transferor
and Transferee shall continue until and terminate upon the later of the Proxy Termination Date and
the Restriction Date; provided, however, that (i) the provisions of Article II and Article V shall
continue until and terminate upon the Restriction Date; (ii) the provisions of Article IV shall
continue until and terminate upon the Proxy Termination Date; and (iii) the provisions of Sections
8.1 and 8.2 shall continue indefinitely.

17

 

     Section 9.2. Waivers; Amendments.

          (a) Waivers and amendments with respect to a particular Transferee that do not change
the rights or obligations of any other Transferee shall require, and may be effected by, the
approval of (i) Accenture Ltd, (ii) the affected Transferee, and (iii) the Transferor of the
Transferred Shares so long as such Transferor is an Employee Covered Person; provided,
however, Accenture Ltd shall have the discretion to grant to Transferor, without the consent
of Transferee, a waiver with respect to the enforcement of any provision hereof to be
performed by or complied with by such Transferor, and Accenture Ltd shall have the
discretion to grant to Transferee, without the consent of Transferor, a waiver with respect
to the enforcement of any provision hereof to be performed by or complied with by such
Transferee.

          (b) In connection with any amendment or waiver granted under this Agreement, Accenture
Ltd, may impose such conditions as it determines on the entering into any such amendments or
the granting of such waivers.

          (c) The failure of Accenture Ltd or its authorized representative at any time or times
to require performance of any provision of this Agreement shall in no manner affect the
rights at a later time to enforce the same. No waiver by Accenture Ltd or its authorized
representatives of the breach of any term contained in this Agreement, whether by conduct or
otherwise, in any one or more instances, shall be deemed to be or construed as a further or
continuing waiver of any such breach or the breach of any other term of this Agreement.

     Section 9.3. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF BERMUDA.

     Section 9.4. Resolution of Disputes.

          (a) Accenture Ltd may delegate the enforcement of the provisions of this Agreement to
any authorized representative(s) designated by it.

          (b) Any and all disputes which cannot be settled amicably, including any ancillary
claims of any party, arising out of, relating to or in connection with the validity,
negotiation, execution, interpretation, performance or non-performance of this Agreement
(including the validity, scope and enforceability of this arbitration provision) shall be
finally settled by arbitration conducted by a single arbitrator in New York in accordance
with the then-existing Rules of Arbitration of the International Chamber of Commerce, except
that the parties may select an arbitrator who is a national of the same country as one of
the parties. If the parties to the dispute fail to agree on the selection of an arbitrator
within thirty (30) days of the receipt of the request for arbitration, the International
Chamber of Commerce shall make the appointment. The arbitrator shall be a lawyer and shall
conduct the proceedings in the English language.

          Performance under this Agreement shall continue if reasonably possible during any
arbitration proceedings.

          (c) Notwithstanding the provisions of paragraph (b), Accenture Ltd may bring, on behalf
of Accenture Ltd or on behalf of one or more Transferors or

18

 

Transferees, an action or special proceeding in any court of competent jurisdiction for
the purpose of compelling a party to arbitrate, seeking temporary or preliminary relief in
aid of an arbitration hereunder, and/or enforcing an arbitration award and, for the purposes
of this paragraph (c), each Transferor and Transferee (i) expressly consents to the
application of paragraph (d) of this Section 9.4 to any such action or proceeding, (ii)
agrees that proof shall not be required that monetary damages for breach of the provisions
of this Agreement would be difficult to calculate and that remedies at law would be
inadequate, and (iii) irrevocably appoints the General Counsel of Accenture Ltd, c/o
Accenture Ltd, 1661 Page Mill Road, Palo Alto, CA 94304 (or, if different, the then-current
principal business address of the duly appointed General Counsel of Accenture Ltd) as such
Transferor’s or Transferee’s agent for service of process in connection with any such action
or proceeding and agrees that service of process upon such agent, who shall promptly advise
such Transferor or Transferee of any such service of process, shall be deemed in every
respect effective service of process upon the Transferor or Transferee in any such action or
proceeding.

     (d) (i) EACH TRANSFEROR AND TRANSFEREE HEREBY IRREVOCABLY SUBMITS TO THE
JURISDICTION OF COURTS LOCATED IN NEW YORK, UNITED STATES FOR THE PURPOSE OF ANY
JUDICIAL PROCEEDING BROUGHT IN ACCORDANCE WITH THE PROVISIONS OF PARAGRAPH (C) OF
THIS SECTION 9.4, OR ANY JUDICIAL PROCEEDING ANCILLARY TO AN ARBITRATION OR
CONTEMPLATED ARBITRATION ARISING OUT OF OR RELATING TO OR CONCERNING THIS AGREEMENT.
Such ancillary judicial proceedings include any suit, action or proceeding to compel
arbitration, to obtain temporary or preliminary judicial relief in aid of
arbitration, or to confirm an arbitration award. The parties acknowledge that the
fora designated by this paragraph (d) have a reasonable relation to this Agreement,
and to the parties’ relationship with one another.

          (ii) The parties hereby waive, to the fullest extent permitted by applicable
law, any objection which they now or hereafter may have to personal jurisdiction or
to the laying of venue of any such ancillary suit, action or proceeding brought in
any court referred to in paragraph (d)(i) of this Section 9.4 and such parties agree
not to plead or claim the same.

     Section 9.5. Relationship of Parties. The terms of this Agreement are not intended to
create a separate entity for United States federal or state income tax purposes or under the laws
of any other jurisdiction. Nothing in this Agreement shall be read to create any partnership, joint
venture or separate entity among the parties or to create any trust or other fiduciary relationship
between them. Without limitation on the foregoing, the Company shall not be deemed to owe any
duties of any kind to any Transferee under or on account of this Agreement or the transactions
contemplated hereby other than the contractual obligations of Accenture Ltd expressly set forth
herein.

19

 

     Section 9.6. Notices.

          (a) Any communication, demand or notice to be given hereunder will be duly given (and
shall be deemed to be received) when delivered in writing by hand or first class mail or by
telecopy to a party at its address as indicated below or at such other address of which the
respective party has given notice in accordance with this Section 9.6:

	 	 	 	 	 
	 	 	If to a Transferor:
	 
	 	 	 	 
	 

	 	 	 	c/o Accenture Ltd
	 

	 	 	 	1661 Page Mill Road
	 

	 	 	 	Palo Alto, CA 94304
	 

	 	 	 	Telecopy: (650) 213-2956
	 

	 	 	 	Attention: General Counsel
	 

	 	 	 	(or, if different, the then-current principal business address of the duly
appointed General Counsel of Accenture Ltd)
	 
	 	 	 	 
	 	 	If to a Transferee:
	 
	 	 	 	 
	 

	 	 	 	To the address specified in the Joinder Agreement executed and delivered by
the Transferee.
	 
	 	 	 	 
	 	 	If to Accenture Ltd:
	 
	 	 	 	 
	 

	 	 	 	Accenture Ltd
	 

	 	 	 	1661 Page Mill Road
	 

	 	 	 	Palo Alto, CA 94304
	 

	 	 	 	Telecopy: (650) 213-2956
	 

	 	 	 	Attention: General Counsel
	 

	 	 	 	(or, if different, the then-current principal business address of the duly
appointed General Counsel of Accenture Ltd)
	 
	 	 	 	 
	 	 	With a copy to:
	 
	 	 	 	 
	 

	 	 	 	Accenture Employee Equity Services
	 

	 	 	 	Accenture Ltd
	 

	 	 	 	161 North Clark Street, 38th Floor
	 

	 	 	 	Chicago, Illinois 60601
	 

	 	 	 	Attention: Jason Weakland

     Accenture Ltd shall be responsible for notifying each Transferor of the receipt of a
communication, demand or notice under this Agreement relevant to such Transferor, in
writing, at the address of such Transferor then in the records of Accenture Ltd (and each
Transferor shall notify Accenture Ltd of any change in such address for communications,
demands and notices) or by electronic mail to the principal electronic address of such
person maintained by the Company.

20

 

          (b) Unless otherwise provided to the contrary herein, any notice which is required to
be given in writing pursuant to the terms of this Agreement may be given by telecopy.

     Section 9.7. Severability. If any provision of this Agreement is finally held to be
invalid, illegal or unenforceable, the remaining terms and provisions hereof shall be unimpaired.

     Section 9.8. No Third-Party Rights. Nothing expressed or referred to in this
Agreement will be construed to give any person other than the parties to this Agreement, and the
Company (and its directors, officers, partners, employees, agents and representatives) any legal or
equitable right, remedy, or claim under or with respect to this Agreement or any provision of this
Agreement. This Agreement and all of its provisions and conditions are for the sole and exclusive
benefit of the parties to this Agreement and the Company (and its directors, officers, partners,
employees, agents and representatives) and their successors and permitted assigns. It is further
expressly acknowledged and agreed that this Agreement and all of its provisions and conditions are
binding upon the parties and their successors and permitted assigns (including any permitted
subsequent transferees of the Transferee).

     Section 9.9. Section Headings. The headings of sections in this Agreement are
provided for convenience only and will not affect its construction or interpretation.

     Section 9.10. Execution in Counterparts. This Agreement may be executed in any number
of counterparts, each of which shall be deemed an original, but all such counterparts shall
together constitute one agreement.

     IN WITNESS WHEREOF, the parties hereto have duly executed or caused to be duly executed this
Transfer Restriction Agreement as of the date first above written, but with the effective date as
to any Transferor and Transferee in respect of any Transfer to be the date of Accenture Ltd’s
implementation of such Transfer in accordance with the respective Joinder Agreement for such
Transfer.

	 	 	 	 	 
	 	 	ACCENTURE LTD
	 
	 	 	 	 
	 

	 	By	 	 
	 

	 	 	 	 
	 

	 	Name:	 	 
	 

	 	Title:	 	 

21

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}]]