Document:

QuickLinks
 -- Click here to rapidly navigate through this document

 
 

EXHIBIT 10.22    
    

 
 

INDEMNITY AGREEMENT    
    

        THIS AGREEMENT is made as of [                        ],
200            by and between FEI Company, an Oregon corporation (Company), and
[                        ] (Indemnitee), a [director][executive officer] of the Company. 

RECITALS  

        A.    It
is essential to the Company to retain and attract as directors and executive officers the most capable persons available. 

        B.    The
increase in corporate litigation subjects directors and executive officers to expensive litigation risks at the same time that the availability and coverage of
directors' and officers' liability insurance has been reduced. 

        C.    It
is now and always has been the express policy of the Company to indemnify its directors and executive officers to provide them with the maximum possible protection
permitted by law. 

        D.    The
Articles of Incorporation of the Company require indemnification of the directors and officers of the Company to the fullest extent permitted by the Oregon Business
Corporation Act (Act). The Act expressly provides that the indemnification provisions set forth in the Act are not exclusive and thereby contemplates that contracts may be entered into between the
Company and members of the board of directors and officers with respect to indemnification. 

        NOW,
THEREFORE, the Company and Indemnitee agree as follows: 

        1.    Services to the Company.    Indemnitee agrees to serve or continue to serve as a director or executive officer
of the Company. 

        2.    Definitions.    As used in this Agreement: 

        (a)   The
term "Proceeding" shall include any threatened, pending or completed action, suit or proceeding, or alternative dispute resolution mechanism whether brought in the
right of the Company or otherwise, or any hearing, inquiry or investigation that Indemnitee in good faith believes might lead to the institution of any such action, suit, proceeding or alternative
dispute resolution mechanism and whether of a civil, criminal, administrative or investigative nature, by reason of (or arising in part out of) any event or occurrence related to the fact that
Indemnitee is or was a director or officer of the Company or any subsidiary of the Company, or is or was serving at the request of the Company as a director, officer, employee, agent or fiduciary of
another corporation, partnership, joint venture, trust or other enterprise, whether or not serving in such capacity at the time any liability or expense is incurred for which indemnification or
reimbursement can be provided under this Agreement. 

        (b)   The
term "Expenses" includes, without limitation, any and all expenses (including attorneys' fees and all other costs, expenses and obligations incurred in connection
with investigating, defending, being a witness in or participating in (including on appeal), or preparing to defend, be a witness in or participate in, any such action, suit, proceeding, alternative
dispute resolution mechanism, hearing, inquiry or investigation); any federal, state, local or foreign taxes imposed on Indemnitee as a result of the actual or deemed receipt of any payments under
this Agreement; and any expenses of establishing a right to indemnification under Section 11 of this Agreement, but shall not include amounts paid in settlement by Indemnitee or the amount of
judgments or fines against Indemnitee. 

        (c)   References
to "other enterprise" shall include employee benefit plans; references to "fines" shall include any excise tax assessed with respect to any employee benefit
plan; reference to "serving at the request of the Company" shall include any service as a director, officer, 

 

employee
or agent of the Company which imposes duties on, or involves services by, such director, officer, employee or agent with respect to an employee benefit plan, its participants or
beneficiaries; and a person who acted in good faith and in a manner reasonably believed to be in the best interest of an employee benefit plan shall be deemed to have acted in a manner "not opposed to
the best interests of the Company" as referred to in this Agreement. 

        3.    Indemnity in Third-Party Proceedings.    The Company shall indemnify Indemnitee in accordance with the
provisions of this Section 3 if Indemnitee is a party to or threatened to be made a party to any Proceeding (other than a Proceeding by or in the right of the Company to procure a judgment in
its favor) against all Expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by Indemnitee in connection with the Proceeding, but only if Indemnitee acted in good
faith and in a manner which Indemnitee reasonably believed to be in or not opposed to the best interests of the Company and, in the case of a criminal proceeding, in addition, had no reasonable cause
to believe that Indemnitee's conduct was unlawful. 

        4.    Indemnity in Proceedings by or in the Right of the Company.    The Company shall indemnify Indemnitee in
accordance with the provisions of this Section 4 if Indemnitee is a party to or threatened to be made a party to any Proceeding by or in the right of Company to procure a judgment in its favor
against all Expenses actually and reasonably incurred by Indemnitee in connection with the defense or settlement of the Proceeding, but only if Indemnitee acted in good faith and in a manner which
Indemnitee reasonably believed to be in or not opposed to the best interests of the Company. No indemnification for Expenses shall be made under this Section 4 in respect of any claim, issue or
matter as to which Indemnitee shall have been finally adjudged by a court to be liable to the Company, unless and only to the extent that any court in which the Proceeding was brought shall determine
upon application that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity. 

        5.    Indemnification of Expenses of Successful Party.    Notwithstanding any other provisions of this Agreement, to
the extent that Indemnitee has been successful, on the merits or otherwise, in defense of any Proceeding or in defense of any claim, issue or matter therein, including the dismissal of an action
without prejudice, the Company shall indemnify Indemnitee against all Expenses incurred in connection therewith. 

        6.    Additional Indemnification.    

        (a)   Notwithstanding
any limitation in Sections 3, 4 or 5, the Company shall indemnify Indemnitee to the fullest extent permitted by law if Indemnitee is a party to or
threatened to be made a party to any Proceeding (including a Proceeding by or in the right of the Company to procure a judgment in its favor) against all Expenses, judgments, fines and amounts paid in
settlement actually and reasonably incurred by Indemnitee in connection with the Proceeding. No indemnity shall be made under this Section 6(a) on account of Indemnitee's conduct which
constitutes a breach of Indemnitee's duty of loyalty to the Company or its shareholders or is an act or omission not in good faith or which involves intentional misconduct or a knowing violation of
the law. 

        (b)   Notwithstanding
any limitation in Sections 3, 4, 5 or 6(a), the Company shall indemnify Indemnitee to the fullest extent permitted by law if Indemnitee is a party to or
threatened to be made a party to any Proceeding (including a Proceeding by or in the right of the Company to procure a judgment in its favor) against all Expenses, judgments, fines and amounts paid in
settlement actually and reasonably incurred by Indemnitee in connection with the Proceeding. 

2

 

        (c)   For
purposes of Sections 6(a) and 6(b), the meaning of the phrase "to the fullest extent permitted by law" shall include, but not be limited to: 

	(i)
	to
the fullest extent permitted by the provision of the Act that authorizes or contemplates additional indemnification by agreement, or the corresponding provision of
any amendment to or replacement of the Act, and

	(ii)
	to
the fullest extent authorized or permitted by any amendments to or replacements of the Act adopted after the date of this Agreement that increase the extent to which
a corporation may indemnify its officers and directors. 

        7.    Exclusions.    Notwithstanding any provision in this Agreement, the Company shall not be obligated under this
Agreement to make any indemnity in connection with any claim made against Indemnitee: 

        (a)   for
which payment has actually been made to or on behalf of Indemnitee under any insurance policy or other indemnity provision, except with respect to any excess beyond
the amount paid under any insurance policy or other indemnity provision; 

        (b)   for
any transaction from which Indemnitee derived an improper personal benefit; 

        (c)   for
an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company within the meaning of Section 16(b)
of the Securities Exchange Act of 1934, as amended, or similar provisions of state statutory law or common law; 

        (d)   if
a court having jurisdiction in the matter shall finally determine that such indemnification is not lawful under any applicable statute or public policy (and, in this
respect, both the Company and Indemnitee have been advised that the Securities and Exchange Commission believes that indemnification for liabilities arising under the federal securities laws is
against public policy and is, therefore, unenforceable and that claims for indemnification should be submitted to appropriate courts for adjudication); or 

        (e)   in
connection with any Proceeding (or part of any Proceeding) initiated by Indemnitee, or any Proceeding by Indemnitee against the Company or its directors, officers,
employees or other indemnitees, unless (i) the Company is expressly required by law to make the indemnification, (ii) the Proceeding was authorized by the Board of Directors of the
Company, (iii) the Company provides the indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable law, or (iv) Indemnitee initiated the
Proceeding pursuant to Section 11 of this Agreement and Indemnitee is successful in whole or in part in the Proceeding. 

        8.    Advances of Expenses.    The Company shall pay the expenses incurred by Indemnitee in any Proceeding in advance
at the written request of Indemnitee, if Indemnitee: 

        (a)   furnishes
the Company a written affirmation of the Indemnitee's good faith belief that Indemnitee is entitled to be indemnified by the Company under this Agreement; and 

        (b)   furnishes
the Company a written undertaking to repay the advance to the extent that it is ultimately determined that Indemnitee is not entitled to be indemnified by the
Company. Advances shall be made without regard to Indemnitee's ability to repay the expenses and without regard to Indemnitee's ultimate entitlement to indemnification under the other provisions of
this Agreement. 

        9.    Notice/Cooperation and Defense of Claim.    Indemnitee shall, as a condition precedent to Indemnitee's right to
be indemnified under this Agreement, give the Company notice in writing as soon as practicable of any claim made against Indemnitee for which indemnification will or could be sought under this
Agreement. Notice to the Company shall be directed to the Chief Executive Officer of the Company at the address shown in Section 17 of this Agreement. In addition, Indemnitee shall give the
Company such information and cooperation as it may reasonably require and as shall be within 

3

 

Indemnitee's
power. The omission to notify the Company will not relieve the Company from any liability which it may have to Indemnitee otherwise than under this Agreement. 

        With
respect to any Proceeding as to which Indemnitee notifies the Company of the commencement: 

        (a)   The
Company will be entitled to participate in the Proceeding at its own expense. 

        (b)   Except
as otherwise provided below, the Company may, at its option and jointly with any other indemnifying party similarly notified and electing to assume such defense,
assume the defense of the Proceeding, with legal counsel reasonably satisfactory to the Indemnitee. Indemnitee shall have the right to use separate legal counsel in the Proceeding, but the Company
shall not be liable to Indemnitee under this Agreement, including Section 8 above, for the fees and expenses of separate legal counsel incurred after notice from the Company of its assumption
of the defense, unless (i) Indemnitee reasonably concludes that there may be a conflict of interest between the Company and Indemnitee in the conduct of the defense of the Proceeding or
(ii) the Company does not use legal counsel to assume the defense of such Proceeding. The Company shall not be entitled to assume the defense of any Proceeding brought by or on behalf of the
Company or as to which Indemnitee shall have made the conclusion provided for in (i) above. 

        (c)   If
two or more persons who may be entitled to indemnification from the Company, including the Indemnitee, are parties to any Proceeding, the Company may require
Indemnitee to use the same legal counsel as the other parties. Indemnitee shall have the right to use separate legal counsel in the Proceeding, but the Company shall not be liable to Indemnitee under
this Agreement, including Section 8 above, for the fees and expenses of separate legal counsel incurred after notice from the Company of the requirement to use the same legal counsel as the
other parties, unless the Indemnitee reasonably concludes that there may be a conflict of interest between Indemnitee and any of the other parties required by the Company to be represented by the same
legal counsel. 

        (d)   The
Company shall not be liable to indemnify Indemnitee under this Agreement for any amounts paid in settlement of any Proceeding effected without its written consent,
which shall not be unreasonably withheld. Indemnitee shall permit the Company to settle any Proceeding the defense of which it assumes, except that the Company shall not settle any action or claim in
any manner which would impose any penalty or limitation on Indemnitee without Indemnitee's written consent, which may be given or withheld in Indemnitee's sole discretion. 

        10.    Procedure Upon Application for Indemnification.    Any indemnification under Sections 3, 4, 5 or 6 of this
Agreement shall be made no later than 60 days after receipt of the written request of Indemnitee for indemnification and shall not require that a determination be made in accordance with the
Act by the persons specified in the Act that indemnification is required under this Agreement. Unless it is ordered by a court in an enforcement action under Section 11 of this Agreement,
however, no such indemnification shall be made if a determination is made within such 60-day period by (a) the Board of Directors by a majority vote of a quorum consisting of
directors who were not parties to the Proceeding, or (b) independent legal counsel in a written opinion (which counsel shall be appointed by the Company if such a quorum is not obtainable),
that the Indemnitee is not entitled to indemnification under this Agreement. 

        11.    Enforcement.    The Indemnitee may enforce any right to indemnification or advances granted by this Agreement
to Indemnitee in any court of competent jurisdiction if (a) the Company denies the claim for indemnification or advances, in whole or in part, or (b) the Company does not dispose of the
claim within 60 days of a written request for indemnification or advances. Indemnitee, in the enforcement action, if successful in whole or in part, shall be entitled to be paid also the
expense of prosecuting the claim. It shall be a defense to any such enforcement action (other than an action 

4

 

brought
to enforce a claim for advancement of expenses pursuant to Section 8 above, if Indemnitee has tendered to the Company the required affirmation and undertaking) that Indemnitee is not
entitled to indemnification under this Agreement, but the burden of proving this defense shall be on the Company. Neither a failure of the Company (including its Board of Directors or its
shareholders) to make a determination prior to the commencement of the enforcement action that indemnification of Indemnitee is proper in the circumstances, nor an actual determination by the Company
(including its Board of Directors or its shareholders) that indemnification is improper shall be a defense to the action or create a presumption that Indemnitee is not entitled to indemnification
under this Agreement or otherwise. The termination of any Proceeding by judgment, order of court, settlement, conviction or upon a plea of nolo contendere, or its equivalent, shall not, of itself,
create a presumption that Indemnitee is not entitled to indemnification under this Agreement or otherwise. 

        12.    Partial Indemnification; No Duplication of Payments.    If Indemnitee is entitled under any provisions of this
Agreement to indemnification by the Company for some or part of the Expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred by Indemnitee in the investigation,
defense, appeal or settlement of any Proceeding but not, however, for the total amount, the Company shall indemnify Indemnitee for the portion of the Expenses, judgments, fines and amounts paid in
settlement to which Indemnitee is entitled. The Company shall not be liable under this Agreement to make any payment in connection with any claim made against Indemnitee to the extent Indemnitee has
otherwise actually received payment (under any insurance policy, Articles of Incorporation, Bylaw or otherwise) of the amounts otherwise indemnifiable hereunder. 

        13.    Nonexclusivity and Continuity of Rights.    The indemnification provided by this Agreement shall not be deemed
exclusive of any other rights to which Indemnitee may be entitled under the Articles of Incorporation, the Bylaws, any other agreement, any vote of shareholders or directors, the Act, or otherwise,
both as to action in Indemnitee's official capacity and as to action in other capacity while holding office. The indemnification under this Agreement shall continue as to Indemnitee even though
Indemnitee ceases to be a director or executive officer of the Company or any subsidiary of the Company, or ceases to serve at the request of the Company as a director, officer, employee, agent or
fiduciary of another corporation, partnership, joint venture, trust or other enterprise. 

        14.    Severability.    If this Agreement or any portion of it is invalidated on any ground by any court of competent
jurisdiction, the Company shall indemnify Indemnitee as to Expenses, judgments, fines and amounts paid in settlement with respect to any Proceeding to the full extent permitted by any applicable
portion of this Agreement that is not invalidated or by any other applicable law. 

        15.    Subrogation.    In the event of payment under this Agreement, the Company shall be subrogated to the extent of
such payment to all of the rights of recovery of Indemnitee. Indemnitee shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Company
effectively to bring suit to enforce such rights. 

        16.    Modification and Waiver.    No supplement, modification or amendment of this Agreement shall be binding unless
executed in writing by both parties. No waiver of any of the provisions of this Agreement shall constitute a waiver of any other provisions of this Agreement (whether or not similar) nor shall any
waiver constitute a continuing waiver, unless expressly stated in any waiver. 

        17.    Notices.    All notices, requests, demands and other communications under this Agreement shall be in writing
and shall be deemed to have been duly given (a) upon delivery if delivered by hand to the party to whom the notice or other communication shall have been directed or (b) if mailed by
certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed: 

	(i)
	If
to Indemnitee, at the address indicated on the signature page of this Agreement. 

5

 

	(ii)
	If
to the Company to 

FEI
Company

7451 NW Evergreen Parkway

Hillsboro, Oregon    97124

Attn: Chief Executive Officer 

or
to any other address as may have been furnished to Indemnitee by the Company. 

        18.    Counterparts.    The parties may execute this Agreement in two counterparts, each of which shall constitute the
original. 

        19.    Applicable Law.    This Agreement shall be governed by and construed in accordance with the law of the state of
Oregon, exclusive of choice of law provisions. 

        20.    Successors and Assigns.    This Agreement shall be binding upon and inure to the benefit of and be enforceable
by the parties hereto and their respective successors, assigns, including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business
and/or assets of the Company, spouses, heirs, and personal and legal representatives (each of the foregoing, a "Successor"). The Company shall require and cause any Successor to the Company, by
written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required
to perform if no such succession had taken place. 

        IN
WITNESS WHEREOF, the parties have caused this Agreement to be signed as of the day and year first above written. 

	FEI Company	 	INDEMNITEE
	

By:	
 	

 	
 	

 
	 	 	
	 	
 (Signature)
	Title:	 	 	 	 
	 	 	
	 	 
	 	 	 	 	
 (Print Name)
	

 	
 	

 	
 	

 (Address)

6

QuickLinks

EXHIBIT 10.22

INDEMNITY AGREEMENTQuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.6    
    

 
 

UNITEDGLOBALCOM, INC.    
    
    1993 STOCK OPTION PLAN    
    
    (amended and restated effective January 22, 2004)    
    

 
 
 

TABLE OF CONTENTS    
    

	 
	 
	 	Page

	ARTICLE I	 	1
	
INTRODUCTION	
 	

1
	 	1.1	Establishment	 	1
	 	1.2	Purposes	 	1
	 	1.3	Effective Date; Amendment	 	1
	
ARTICLE II	
 	

1
	
DEFINITIONS	
 	

1
	 	2.1	Definitions	 	1
	
ARTICLE III	
 	

3
	
PLAN ADMINISTRATION	
 	

3
	 	3.1	General	 	3
	
ARTICLE IV	
 	

3
	
STOCK SUBJECT TO THE PLAN	
 	

3
	 	4.1	Number of Shares	 	3
	 	4.2	Adjustments for Stock Split, Stock Dividend, Etc.	 	4
	 	4.3	Other Distributions and Changes in the Stock	 	4
	 	4.4	No Rights as Stockholder	 	4
	 	4.5	Fractional Shares	 	4
	 	4.6	Determination by the Committee, Etc.	 	4
	
ARTICLE V	
 	

5
	
PARTICIPATION	
 	

5
	 	5.1	In General	 	5
	 	5.2	Maximum Share Grant	 	5
	
ARTICLE VI	
 	

5
	
STOCK OPTIONS	
 	

5
	 	6.1	Grant of Options to Eligible Employees and Eligible Consultants	 	5
	 	6.2	Option Certificates	 	5
	 	6.3	Certain Option Terms	 	5
	 	6.4	Restrictions on Incentive Options	 	8
	 	6.5	Shareholder Privileges	 	8
	
ARTICLE VII	
 	

9
	
CORPORATE REORGANIZATION; CHANGE IN CONTROL	
 	

9
	 	7.4	Change in Control	 	9
	 	7.1	Reorganization	 	9
	
ARTICLE VIII	
 	

10
	
EMPLOYMENT; TRANSFERABILITY	
 	

10
	 	8.1	Service	 	10
	 	8.2	Other Employee Benefits	 	10
	 	 	 	 

i

 

	ARTICLE IX	 	11
	
GENERAL RESTRICTIONS	
 	

11
	 	9.1	Investment Representations	 	11
	 	9.2	Compliance with Securities Laws	 	11
	 	9.3	Changes in Accounting Rules	 	11
	
ARTICLE X	
 	

12
	
WITHHOLDING	
 	

12
	 	10.1	Withholding Requirement	 	12
	 	10.2	Withholding With Stock	 	12
	
ARTICLE XI	
 	

12
	
MISCELLANEOUS	
 	

12
	 	11.1	Expiration	 	12
	 	11.2	Amendments, Etc.	 	12
	 	11.3	Treatment of Proceeds	 	12
	 	11.4	Section Headings	 	13
	 	11.5	Severability	 	13
	 	11.6	Gender and Number	 	13

ii

  

 
 

UNITEDGLOBALCOM, INC.
  1993 STOCK OPTION PLAN    
    
    (as amended and restated effective January 22, 2004)    
    

 
 

ARTICLE I    
    
    INTRODUCTION    
    

        1.1    Establishment.    United International Holdings, Inc., a Delaware corporation
("UIH"), effective June 1, 1993, established the United International Holdings, Inc. 1993 Stock Option Plan (the "Plan") for certain employees of the Company (as defined in subsection
2.1(g)) and certain consultants to the Company. UIH changed its name to UnitedGlobalCom, Inc. effective as of July 23, 1999. The name of the Plan has been changed accordingly, effective
as of August 27, 1999, to UnitedGlobalCom, Inc. 1993 Stock Option Plan. The Plan was assumed by New UnitedGlobalCom, Inc., now known as UnitedGlobalCom, Inc., on
January 30, 2002. The Plan terminated by its terms on June 1, 2003. 

        1.2    Purposes.    The purposes of the Plan are to provide those who are selected for
participation in the Plan with added incentives to continue in the long-term service of the Company and to create in such persons a more direct interest in the future success of the
operations of the Company by relating incentive compensation to increases in shareholder value, so that the income of those participating in the Plan is more closely aligned with the income of the
Company's shareholders. The Plan is also designed to provide a financial incentive that will help the Company attract, retain and motivate the most qualified employees and consultants. 

        1.3    Effective Date; Amendment.    The initial effective date of the Plan was June 1,
1993. The Plan was amended and restated, as of January 30, 2002, to incorporate all amendments since the date of the then-latest restatement of the Plan on June 1, 2001. The
provisions of the Plan, as so amended and restated, applied to any Option (as defined in subsection 2.1(n)) granted on or after January 30, 2002, and, to the extent that the provisions of the
Plan as amended and restated did not adversely affect the Option, also applied to Options granted prior to January 30, 2002. The Plan is now amended and restated, effective January 22,
2004, to incorporate certain changes to the Plan's anti-dilution provisions as well as other technical changes to the Plan. The provisions of this latest amendment and restatement to the
Plan shall apply to all Options outstanding as of January 22, 2004, but shall not affect the terminated status of the Plan. 

 
 

ARTICLE II    
    
    DEFINITIONS    
    

        2.1    Definitions.    The following terms shall have the meanings set forth below: 

        (a)   "Affiliated Corporation" means any corporation or other entity (including but not limited to a partnership) that is
affiliated with UnitedGlobalCom through stock ownership or otherwise and is treated as a common employer under the provisions of Sections 414(b) and (c) of the Code, provided, however, that for
purposes of Incentive Options granted pursuant to the Plan, an "Affiliated Corporation" means any parent or subsidiary of UnitedGlobalCom as defined in Section 424 of the Code. 

        (b)   "Board" means the Board of Directors of UnitedGlobalCom and any committee of the Board who has been properly delegated
the authority to act on behalf of the entire Board under the terms of applicable law. 

        (c)   "Class A Stock" means the Class A Common Stock, $0.01 par value, of UnitedGlobalCom. 

1

 

        (d)   "Class B Stock" means the Class B Common Stock, $0.01 par value, of UnitedGlobalCom. 

        (e)   "Code" means the Internal Revenue Code of 1986, as it may be amended from time to time. 

        (f)    "Committee" means the committee appointed pursuant to Section 3.1. 

        (g)   "Company" means UnitedGlobalCom and the Affiliated Corporations. 

        (h)   "Disabled" or "Disability" shall have the meaning given to such terms in
Section 22(e)(3) of the Code. 

        (i)    "Eligible Consultants" means those consultants and other individuals who provide services to the Company and whose
judgment, initiative and effort are important to the Company for the management and growth of its business. For purposes of the Plan, Eligible Consultants include only those individuals who do not
receive wages subject to the withholding of federal income tax under Section 3401 of the Code. Eligible Consultants do not include the Company's directors who are not employees of the Company. 

        (j)    "Eligible Employees" means those employees (including, without limitation, officers and directors who are also employees)
of the Company, whose judgment, initiative and efforts are important to the Company for the management and growth of its business. For purposes of the Plan, an employee is an individual who wages are
subject to the withholding of federal income tax under Section 3401 of the Code. Employee shall not include any individual (1) who provides services to the Company or any subsidiary or
division thereof under an agreement, contract, or any other arrangement pursuant to which the individual is initially classified as an independent contractor or (2) whose remuneration for
services has not been treated initially as subject to the withholding of federal income tax pursuant to section 3401 of the Code even if the individual is subsequently reclassified as a common
law employee as a result of a final decree of a court of competent jurisdiction or the settlement of an administrative or judicial proceeding. Leased employees within the meaning of
section 414(n) of the Code shall not be treated as employees under this Plan. 

        (k)   "Fair Market Value" of a share of Class A Stock or Class B Stock shall be the last reported sale price of
the Class A Stock or Class B Stock, as applicable, on the NASDAQ National Market System on the day the determination is to be made, or if no sale took place on such day, the average of
the closing bid and asked prices of the Class A Stock or Class B Stock, as applicable, on the NASDAQ National Market System on such day, or if the market is closed on such day, the last
day prior to the date of determination on which the market was open for the transaction of business, as reported by the NASDAQ National Market System. If, however, the Class A Stock or the
Class B Stock is listed or admitted for trading on a national securities exchange, the Fair Market Value of a share of Class A Stock or Class B Stock shall be the last sale price
or, if no sales took place, the average of the closing bid and asked prices of the Class A Stock or the Class B Stock, as applicable, on the day the determination is to be made, or if
the market is closed on such day, the last day prior to the date of determination on which the market was open for the transaction of business, as reported in the principal consolidated transaction
reporting system for the principal national securities exchange on which the Class A Stock or Class B Stock is listed or admitted for trading. If the Class A Stock is not listed
or traded on the NASDAQ National Market System or on any national securities exchange, the Fair Market Value of the Class A Stock for purposes of the grant of Options under the Plan shall be
determined by the Committee in good faith. If the Class B Stock is not listed or traded on the NASDAQ National Market System or on any national securities exchange, the Fair Market Value of the
Class B Stock for purposes of the grant of Options under the Plan shall be equal to the Fair Market Value of the Class A Stock. 

2

 

        (l)    "Incentive Option" means an Option designated as such and granted in accordance with the requirements of
Section 422 of the Code. 

        (m)  "Non-Qualified Option" means any Option other than an Incentive Option. 

        (n)   "Option" means a right to purchase Stock at a stated or formula price for a specified period of time. Options granted
under the Plan shall be either Incentive Options or Non-Qualified Options. 

        (o)   "Option Certificate" shall have the meaning given to such term in Section 6.2 hereof. 

        (p)   "Option Holder" means an Eligible Employee or Eligible Consultant designated by the Committee from time to time who has
been granted one or more Options under the Plan. 

        (q)   "Option Price" means the price at which each share of Stock subject to an Option may be purchased, determined in
accordance with subsection 6.3(b). 

        (r)   "Share" means a share of Stock. 

        (s)   "UnitedGlobalCom" means UnitedGlobalCom, Inc., a Delaware corporation, as successor in interest to UGC
Holdings, Inc., formerly known as UnitedGlobalCom, Inc., and any successor thereto. 

        (t)    "Stock" means the Class A Stock and the Class B Stock. 

 
 

ARTICLE III    
    
    PLAN ADMINISTRATION    
    

        3.1    General.    The Committee shall be responsible for administration of the Plan. The
Committee shall consist of members of the Board who are empowered hereunder to take actions in administration of the Plan. Members of the Committee shall be appointed from time to time by the Board,
shall serve at the pleasure of the Board and may resign at any time upon written notice to the Board. The Committee shall be so constituted that it satisfies the requirement of "disinterested
administration" imposed by Rule 16b-3 promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as such rule may be amended from time to time,
and each successor applicable rule thereunder. The Committee shall determine the form or forms of the Option Certificates and other agreements with Option Holders that shall evidence the particular
provisions, terms, conditions, rights and duties of UnitedGlobalCom and the Option Holders with respect to Options granted pursuant to the Plan, which provisions need not be identical except as may be
provided herein; provided, however, that Eligible Consultants shall not be eligible to receive Incentive Options. The Committee may from time to time adopt such rules and regulations for carrying out
the purposes of the Plan as it may deem proper and in the best interests of the Company. The Committee may correct any defect, supply any omission or reconcile any inconsistency in the Plan or in any
agreement entered into hereunder in the manner and to the extent it shall deem expedient and it shall be the sole and final judge of such expediency. No member of the Committee shall be liable for any
action or determination made in good faith. The determinations, interpretations and other actions of the Committee pursuant to the provisions of the Plan shall be binding and conclusive for all
purposes and on all persons. 

 
 

ARTICLE IV    
    
    STOCK SUBJECT TO THE PLAN    
    

        4.1    Number of Shares.    The total number of Shares as to which Options may be granted
pursuant to the Plan shall be an aggregate of 39,200,000 Shares, which may be any combination of Class A Stock or Class B Stock as the Committee shall determine in its sole discretion;
provided however, that no 

3

 

more
than 3,000,000 Shares as to which Options may be granted may be Class B Stock. Such number shall be adjusted in accordance with the provisions of Section 4.2. Shares issued upon the
exercise of Options shall be applied to reduce the maximum number of Shares remaining available for use under the Plan. Shares underlying expired or terminated and unexercised Options are available
for grant of Options under the Plan. Shares withheld by the Company pursuant to Section 10.2 and Shares used to pay the Option Price are not available for the grant of Options under the Plan.
The Company shall at all times during the term of the Plan and while any Options are outstanding retain as authorized and unissued Stock, or as treasury Stock, at least the number of Shares from time
to time required under the provisions of the Plan, or otherwise assure itself of its ability to perform its obligations hereunder. 

        4.2    Adjustments for Stock Split, Stock Dividend, Etc.    If UnitedGlobalCom shall at any
time increase or decrease the number of its outstanding Shares by means of payment of a stock dividend or any other distribution upon such Shares payable in Stock, or through a stock split,
subdivision, consolidation, combination, reclassification or recapitalization involving the Stock, or change in any way the rights and privileges of such Shares, then the numbers, rights and
privileges of the following shall be increased, decreased or changed in like manner as if the corresponding Shares had been issued and outstanding, fully paid and nonassessable at the time of such
occurrence: (a) the Shares as to which Options may be granted under the Plan; and (b) the Shares then subject to each outstanding Option. Upon any occurrence described in this
Section 4.2, the total Option Price under each then outstanding Option shall remain unchanged but shall be apportioned ratably over the increased or decreased number of Shares subject to the
Option. 

        4.3    Other Distributions and Changes in the Stock.    If 

        (a)   UnitedGlobalCom
shall at any time distribute with respect to its Stock assets or securities of other persons (excluding cash dividends or distributions referred to in
Section 4.2), shares of its capital stock (other than Stock), or evidences of indebtedness, or 

        (b)   UnitedGlobalCom
shall at any time grant to the holders of its Stock rights to subscribe pro rata for additional shares
thereof or for any other securities of UnitedGlobalCom, or 

        (c)   there
shall be any other change (except as described in Section 4.2) in the number or kind of outstanding Shares or of any stock or other securities into which
the Stock shall be changed or for which it shall have been exchanged, 

and
if the Committee shall in its sole discretion determine that the event described in subsection (a), (b), or (c) above equitably requires, in order to preserve the benefits intended to be
made available, an adjustment in the number or kind of Shares subject to an Option, an adjustment in the Option Price or the taking of any other action by the Committee, including without limitation,
the setting aside of any property for delivery to the Participant upon the exercise of an Option or the full vesting of an Option, then such adjustments shall be made, or other action shall be taken,
by the Committee, as the Committee in its sole discretion shall deem appropriate, and shall be effective for all purposes of the Plan and on each outstanding Option that involves the particular type
of stock for which a change was effected. 

        4.4    No Rights as Stockholder.    An Option Holder shall have none of the rights of a
stockholder with respect to the Shares subject to an Option until such Shares are transferred to the Option Holder upon the exercise of such Option. Except as provided in this Article IV, no
adjustment shall be made for dividends, rights or other property distributed to stockholders (whether ordinary or extraordinary) for which the record date is prior to the date such Shares are so
transferred. 

        4.5    Fractional Shares.    No adjustment or substitution provided for in this
Article IV shall require UnitedGlobalCom to issue a fractional share. The total substitution or adjustment with respect to each Option shall be limited by deleting any fractional share. 

4

 

        4.6    Determination by the Committee, Etc.    Adjustments under this Article IV shall
be made by the Committee, whose determinations with regard thereto shall be final and binding. 

 
 

ARTICLE V    
    
    PARTICIPATION    
    

        5.1    In General.    In accordance with the provisions of the Plan, the Committee shall, in
its sole discretion, select Option Holders from among Eligible Employees and Eligible Consultants to whom Options would be granted and shall specify the number of Shares subject to each Option and
whether the Shares subject to such Option are Class A Stock or Class B Stock subject to each Option and such other terms and conditions of each Option as the Committee may deem necessary
or desirable and consistent with the terms of the Plan. Eligible Employees shall be selected from the employees of the Company who are performing services in the management, operation and growth of
the Company, and contribute, or are expected to contribute, to the achievement of long-term corporate objectives. Eligible Consultants shall be selected from the consultants and other
individuals who provide services to the Company with respect to the operation and growth of the Company and who contribute, or are expected to contribute, to the achievement of long-term
corporate objectives. Eligible Employees and Eligible Consultants may be granted from time-to-time one or more Options. The grant of each such Option shall be separately
approved by the Committee, and receipt of one such Option shall not result in automatic receipt of any other Option. Upon determination by the Committee that an Option is to be granted to an Eligible
Employee or Eligible Consultant, written notice shall be given to such person, specifying the terms, conditions, rights and duties related thereto. 

        5.2    Maximum Share Grant.    The maximum number of Shares of Class A Stock and
Class B Stock in the aggregate that may be subject to all Options granted to an Option Holder in a calendar year is 5,000,000 Shares. 

 
 

ARTICLE VI    
    
    STOCK OPTIONS    
    

        6.1    Grant of Options to Eligible Employees and Eligible Consultants.    Coincident with or
following designation for participation in the Plan, Eligible Employees and Eligible Consultants may be granted one or more Options. The Committee in its sole discretion shall designate whether an
Option is an
Incentive Option or a Non-Qualified Option. Incentive Stock Options may be granted only to Eligible Employees. The Committee may grant both an Incentive Option and a
Non-Qualified Option to an Eligible Employee at the same time or at different times. Incentive Options and Non-Qualified Options, whether granted at the same time or at
different times, shall be deemed to have been awarded in separate grants and shall be clearly identified, and in no event shall the exercise of one Option affect the right to exercise any other Option
or affect the number of shares for which any other Option may be exercised. An Option shall be considered as having been granted on the date specified in the grant resolution of the Committee. 

        6.2    Option Certificates.    Each Option granted under the Plan shall be evidenced by a
written stock option certificate or agreement (an "Option Certificate") issued by UnitedGlobalCom in the name of the Option Holder and in such form as may be approved by the Committee. The Option
Certificate shall incorporate and conform to the terms and conditions set forth herein as well as such other terms and conditions that are not inconsistent as the Committee may consider appropriate in
each case. 

5

 

        6.3    Certain Option Terms.    Options granted pursuant to the Plan shall have terms and
conditions consistent with the following in addition to the terms and conditions set forth elsewhere herein: 

        (a)   Number of Shares. Each Option Certificate shall state that it covers a specified number of shares of Stock and state
whether the Stock covered is Class A Stock or Class B Stock, all as determined by the Committee. 

        (b)   Price. Each Option shall have an Option Price that is determined by the Committee. Incentive Stock Options shall have an
Option Price that is equal to or greater than the Fair Market Value of the Stock on the date the Option is granted. 

        (c)   Duration of and Exercise of Options. Each Option Certificate shall state the period of time, determined by the Committee,
within which the Option may be exercised by the Option Holder (the "Option Period"). The Option Period must end, in all cases, not more than ten years from the date the Option is granted. Each Option
shall become exercisable (vest) over such period of time, as determined by the Committee. 

        (d)   Termination of Employment or Service, Death, Disability, Etc. The Committee may specify the period after which an Option
may be exercised following termination of the employment of an Eligible Employee or termination of relationship with an Eligible Consultant. The effect of this subsection 6.3(d) shall be limited to
determining the consequences of a termination and nothing in this subsection 6.3(d) shall restrict or otherwise interfere with the Company's discretion with respect to the termination
of any person's employment or other relationship. If the Committee does not so specify, the following shall apply: 

          (i)  If
the employment or consulting relationship of an Option Holder by or with the Company terminates for any reason other than death or Disability within six months after
the date the Option is granted or if the employment or consulting relationship of the Option Holder by or with the Company is terminated within the Option Period for cause, as determined by the
Company, the Option shall thereafter be void for all purposes. As used in this subsection 6.3(d), "cause" shall mean a gross violation, as determined by the Company, of the Company's established
policies and procedures. 

         (ii)  If
the employment or consulting relationship of the Option Holder terminates because the Option Holder becomes Disabled within the Option Period, the Option may be
exercised by the Option Holder (or, in the case of his death after becoming disabled, by those entitled to do so under his will or by the laws of descent and distribution) within one year following
such termination (if otherwise within the Option Period), but not thereafter. In any such case, the Option may be exercised only as to the Shares as to which the Option had become exercisable on or
before the date of termination because of Disability. 

        (iii)  If
the Option Holder dies within the Option Period, while employed by the Company, while a consultant to the Company or within the three-month period referred to in
(iv) below, the Option may be exercised by those entitled to do so under his will or by the laws of descent and distribution within one year following the his death (if otherwise within the
Option Period), but not thereafter. In any such case the Option may be exercised only as to the Shares as to which the Option had become exercisable on or before the date of the Option Holder's death. 

        (iv)  If
the employment or consulting relationship of the Option Holder by or with the Company terminates within the Option Period for any reason other than for cause,
Disability or death, and such termination occurs more than six months after the Option is granted, any Incentive Option may be exercised by the Option Holder within three months following the date of
such termination (if otherwise within the Option Period), but not thereafter, and any 

6

 

Non-Qualified
Option may be exercised by the Option Holder within one year following the date of such termination (if otherwise within the Option Period), but not thereafter. 

        (e)    Consideration for Grant of Option.    The Committee may require each Eligible Employee
who is granted an Option to agree to remain in the employment of the Company, at the pleasure of the Company, for a continuous period of at least six months after the date an Option is granted, at the
salary rate or other compensation in effect on the date of such agreement or at such changed rate as may be fixed, from time to time, by the Company. Nothing in this paragraph shall offset or impair
the Company's right to terminate the employment of any employee. The Committee may require each Eligible
Consultant who is granted an Option to agree to comply with all of the terms and conditions or specified terms and conditions of the agreement between such Eligible Consultant and the Company. If an
Option Holder violates any such agreement, UnitedGlobalCom may, in its sole discretion, rescind the transfer of any Shares to the Option Holder pursuant to the exercise of any portion of the Option.
Upon notice of any such rescission, the Option Holder will deliver promptly to the Company certificates representing the Shares, duly endorsed for transfer to the Company. 

        (f)    Exercise, Payments, Etc.    

        (i)    Manner of Exercise.    The method for exercising each Option granted hereunder shall be
by delivery to UnitedGlobalCom of written notice specifying the number of Shares with respect to which such Option is exercised. The purchase of such Shares shall take place at the principal offices
of UnitedGlobalCom within thirty days following delivery of such notice, at which time the Option Price of the Shares shall be paid in full by any of the methods set forth below or a combination
thereof. Except as set forth in the next sentence, the Option shall be exercised when the Option Price for the number of shares as to which the Option is exercised is paid to UnitedGlobalCom in full.
If the Option Price is paid by means of a broker's loan transaction described in subsection 6.3(f)(ii)(D), in whole or in part, the closing of the purchase of the Stock under the Option shall take
place (and the Option shall be treated as exercised) on the date on which, and only if, the sale of Stock upon which the broker's loan was based has been closed and settled, unless the Option Holder
makes an irrevocable written election, at the time of exercise of the Option, to have the exercise treated as fully effective for all purposes upon receipt of the Option Price by UnitedGlobalCom
regardless of whether or not the sale of the Stock by the broker is closed and settled. A properly executed certificate or certificates representing the Shares shall be delivered to or at the
direction of the Option Holder upon payment therefor. If Options on less than all shares evidenced by an Option Certificate are exercised, UnitedGlobalCom shall deliver a new Option Certificate
evidencing the Option on the remaining shares upon delivery of the Option Certificate for the Option being exercised. 

        (ii)    Manner of Payment.    To the extent permitted by applicable law (as determined by the
Committee in its sole discretion), the exercise price shall be paid by any of the following methods or any combination of the following methods at the election of the Option Holder, or by any other
method approved by the Committee upon the request of the Option Holder: 

        (A)  in
cash; 

        (B)  by
certified check, cashier's check or other check acceptable to the Company, payable to the order of UnitedGlobalCom; 

        (C)  by
delivery to UnitedGlobalCom of certificates representing the number of shares then owned by the Option Holder, the Fair Market Value of which equals the purchase
price of the Stock purchased pursuant to the Option, properly endorsed for transfer to UnitedGlobalCom; provided however, that no Option may be exercised by 

7

 

delivery
to UnitedGlobalCom of certificates representing Stock, unless such Stock has been held by the Option Holder for more than six months or such other period as specified by the Committee; for
purposes of this Plan, the Fair Market Value of any shares of Stock delivered in payment of the purchase price upon exercise of the Option shall be the Fair Market Value as of the exercise date; the
exercise date shall be the day of delivery of the certificates for the Stock used as payment of the Option Price; or 

        (D)  by
delivery to UnitedGlobalCom of irrevocable instructions to a broker to deliver to UnitedGlobalCom promptly the amount of the proceeds of the sale of all or a portion
of the Stock or of a loan from the broker to the Option Holder required to pay the Option Price. 

        (g)    Date of Grant.    An Option shall be considered as having been granted on the date
specified in the grant resolution of the Committee. 

        (h)    Withholding.    

          (i)  Non-Qualified Options. Upon exercise of an Option, the Option Holder shall make appropriate arrangements
with the Company to provide for the amount of additional withholding required by Sections 3102 and 3402 of the Code and applicable state income tax laws, including payment of such taxes through
delivery of shares of Stock or by withholding Stock to be issued under the Option, as provided in Article X. 

         (ii)  Incentive Options. If an Option Holder makes a disposition (as defined in Section 424(c) of the Code) of any
Stock acquired pursuant to the exercise of an Incentive Option prior to the expiration of two years from the date on which the Incentive Option was granted or prior to the expiration of one year from
the date on which the Option was exercised, the Option Holder shall send written notice to the Company at the Company's principal place of business of the date of such disposition, the number of
shares disposed of, the amount of proceeds received from such disposition and any other information relating to such disposition as the Company may reasonably request. The Option Holder shall, in the
event of such a disposition, make appropriate arrangements with the Company to provide for the amount of additional withholding, if any, required by Sections 3102 and 3402 of the Code and applicable
state income tax laws. 

        6.4    Restrictions on Incentive Options.    

        (a)    Initial Exercise.    The aggregate Fair Market Value of the Shares with respect to
which Incentive Options are exercisable for the first time by an Option Holder in any calendar year, under the Plan or otherwise, shall not exceed $100,000. For this purpose, the Fair Market Value of
the Shares shall be determined as of the date of grant of the Option. 

        (b)    Ten Percent Stockholders.    Incentive Options granted to an Option Holder who owns,
directly and indirectly (within the meaning of Section 424(d) of the Code), 10% or more of the total combined voting power of all classes of stock of UnitedGlobalCom shall have an Option Price
equal to 110% of the Fair Market Value of the Shares on the date of grant of the Option and the Option Period for any such Option shall not exceed five years. 

        6.5    Shareholder Privileges.    No Option Holder shall have any rights as a shareholder with
respect to any shares of Stock covered by an Option until the Option Holder becomes the holder of record of such Stock, and no adjustments shall be made for dividends or other distributions or other
rights as to which there is a record date preceding the date such Option Holder becomes the holder of record of such Stock, except as provided in Article IV. 

8

 

        6.6    Shares Subject to Option.    The Committee may in its sole and absolute discretion,
amend a previously granted Option (provided that such Option was granted after December 3, 2001) to provide that the shares of Stock covered by such Option shall be Class B Stock or
that, upon exercise of the Option, the Option Holder will be issued shares of Class B Stock in lieu of shares of Class A Stock. Such amendment may be made in whole or in part with
respect to the number of shares of Stock underlying the Option. Notwithstanding the foregoing, no such amendment shall be effective without the consent of the Option Holder. 

        All
other terms of the Option shall remain in effect. If an Option is amended pursuant to the first sentence of this section, the number of shares of Class A Stock that are no
longer covered by the Option or that were not issued upon exercise of the Option shall again be available for grant under the Plan, and the number of shares of Class B Stock that are covered by
the Option or that are issued upon exercise of the Option shall reduce the number of shares of Class B Stock available for grant under the Plan. 

 
 

ARTICLE VII    
    
    CHANGE IN CONTROL; CORPORATE REORGANIZATION    
    

        7.1    Change in Control.    

        (a)   If
a Change in Control (as defined below) occurs under (c)(i) below without the prior approval of at least a majority of the members of the Board unaffiliated
with such person or under (c)(ii) below, all Options shall become exercisable in full, regardless of whether all conditions of exercise relating to length of service have been satisfied and
shall remain so, whether or not Option Holder remains an employee or consultant of the Company. 

        (b)   If
a Change in Control (as defined below) occurs under (c)(i) below with the prior approval of at least a majority of the members of the Board unaffiliated with
such person and (i) the Option Holder's employment is terminated within six (6) months after such Change of Control or (ii) the Option Holder is assigned duties materially
different in any respect to such Option Holder's duties, authority or responsibilities prior to such Change of Control, all Options shall become exercisable in full, regardless of whether all
conditions of exercise relating to length of service have been satisfied and shall remain so, whether or not Option Holder remains an employee or consultant of the Company. 

        (c)   "Change
in Control" is deemed to have occurred if (i) a person (as such term is used in Section 13(d) of the Exchange Act) becomes the beneficial owner (as
defined in Rule 13d-3 under the Exchange Act) of shares of UnitedGlobalCom having more than 50% of the total number of votes that may be cast for the election of directors of
UnitedGlobalCom and after such acquisition such person has the ability, through share ownership contract or otherwise, to elect persons constituting a majority of the Board; or (ii) individuals
who constitute the directors of UnitedGlobalCom at the beginning of a 24-month period (together with any new or replacement directors as approved by a vote of at least a majority of the
members of the Board in office immediately prior to such period and of the new and replacement directors so approved) cease to constitute at least 2/3 of all directors at any time
during such period; provided, however, any increased ownership by Liberty Media Corporation or its wholly-owned subsidiaries pursuant to the terms set forth in that certain Agreement dated as of
May 25, 2001, among UnitedGlobalCom, Liberty Media Corporation and Liberty Media International, Inc., shall not be deemed a Change in Control for purposes of this Plan. 

        7.2    Reorganization.    If a Change in Control has not occurred and one of the following
events has occurred and if the notice required by Section 7.3 shall have first been given, the Plan and all Options then outstanding hereunder shall automatically terminate and be of no further
force and effect 

9

 

whatsoever,
without the necessity for any additional notice or other action by the Board or UnitedGlobalCom: (a) the merger or consolidation of UnitedGlobalCom with or into another corporation
(other than a consolidation or merger in which UnitedGlobalCom is the continuing corporation and which does not result in any reclassification or change of outstanding shares of stock; or
(b) the sale or conveyance of the property of UnitedGlobalCom as an entirety or substantially as an entirety (other than a sale or conveyance in which UnitedGlobalCom continues as holding
company of an entity or entities that conduct the business or business formerly conducted by UnitedGlobalCom); or (c) the dissolution or liquidation of UnitedGlobalCom. 

        7.3    Required Notice.    At least 30 days' prior written notice of any event
described in Section 7.2 shall be given by UnitedGlobalCom to each Option Holder, unless in the case of the events described in clauses (a) or (b) of Section 7.2,
UnitedGlobalCom, or the successor or purchaser, as the case may be, shall make adequate provision for the assumption of the outstanding Options or the substitution of new options for the outstanding
Options on terms comparable to the outstanding Options, except that the Option Holder shall have the right thereafter to purchase the kind and amount of securities or property or cash receivable upon
such merger, consolidation, sale or conveyance by a holder of the number of Shares that would have been receivable upon exercise of the Option immediately prior to such merger, consolidation, sale or
conveyance (assuming such holder of Stock failed to exercise any rights of election and received per share the kind and amount received per share by a majority of the non-electing shares).
The provisions of this Article VII shall similarly apply to successive mergers, consolidations, sales or conveyances. Such notice shall be deemed to have been given when delivered personally to
an Option Holder or when mailed to an Option Holder by registered or certified mail, postage prepaid, at such Option Holder's address last known to the Company. 

        7.4    Acceleration of Exercisability.    Option Holders notified in accordance with
Section 7.3 may exercise their Options at any time before the occurrence of the event requiring the giving of notice (but subject to occurrence of such event), regardless of whether all
conditions of exercise relating to length of service have been satisfied. 

 
 

ARTICLE VIII    
    
    EMPLOYMENT; TRANSFERABILITY    
    

        8.1    Service.    Nothing contained in the Plan or in any Option granted under the Plan shall
confer upon any Option Holder any right with respect to the continuation of his employment by, or consulting relationship with, the Company, or interfere in any way with the right of the Company,
subject to the terms of any separate employment agreement or other contract to the contrary, at any time to terminate such services or to increase or decrease the compensation of the Participant from
the rate in existence at the time of the grant of an Option. Whether an authorized leave of absence, or absence in military or government service, shall constitute a termination of service shall be
determined by the Committee at the time of its occurrence. 

        8.2    Other Employee Benefits.    The amount of any compensation deemed to be received by an
Option Holder as a result of the exercise of an Option shall not constitute "earnings" with respect to which any other employee benefits of such person are determined, including without limitation
benefits under any pension, profit sharing, life insurance or salary continuation plan. 

        8.3    Transferability.    

        (a)    General Rule: No Lifetime Transfers.    An Option shall not be transferable by the
Option Holder except by will or pursuant to the laws of descent and distribution. An Option shall be exercisable during the Option Holder's lifetime only by him or her, or in the event of Disability
or incapacity, by his or her guardian or legal representative. The Option Holder's guardian or legal representative shall have all of the rights of the Option Holder under this Plan. 

10

 

        (b)    InterVivos Transfer to Certain Family Members.    The Committee may, however, provide
at the time of grant or thereafter that the Option Holder may transfer a Non-Qualified Option to a member of the Option Holder's immediate family, a trust of which members of the Option
Holder's immediate family are the only beneficiaries, or a partnership of which members of the Option Holder's immediate family or trusts for the sole benefit of the Option Holder's immediate family
are the only partners (the "InterVivos Transferee"). Immediate family means the Option Holder's spouse, issue (by birth or adoption), parents, grandparents, siblings (including half brothers and
sisters and adopted siblings) and nieces and nephews. No transfer shall be effective unless the Option Holder shall have notified the Company of the transfer in writing and has furnished a copy of the
documents that effect the transfer to the Company. The InterVivos Transferee shall be subject to all of the terms of this Plan and the Option, including, but not limited to, the vesting schedule,
termination provisions, and the manner in which the Option may be exercised. The Committee may require the Option Holder and the InterVivos Transferee to enter into an appropriate agreement with the
Company providing for, among other things, the satisfaction of required tax withholding with respect to the exercise of the transferred Option and the satisfaction of any Stock retention requirements
applicable to the Option Holder, together with such other terms and conditions as may be specified by the Committee. Except to the extent provided otherwise in such agreement, the InterVivos
Transferee shall have all of the rights and obligations of the Option Holder under this Plan; provided that the InterVivos Transferee shall not
have any Stock withheld to pay withholding taxes pursuant to Section 10.2 unless the agreement referred to in the preceding sentence specifically provides otherwise. 

        (c)    No Transfer of ISOs.    During the Option Holder's lifetime the Option Holder may not
transfer an Incentive Option under any circumstances. 

        (d)    No Assignment.    No right or interest of any Option Holder in an Option granted
pursuant to the Plan shall be assignable or transferable during the lifetime of the Option Holder, either voluntarily or involuntarily, or be subjected to any lien, directly or indirectly, by
operation of law, or otherwise, including execution, levy, garnishment, attachment, pledge or bankruptcy, except as set forth above. 

 
 

ARTICLE IX    
    
    GENERAL RESTRICTIONS    
    

        9.1    Investment Representations.    UnitedGlobalCom may require any person to whom an Option
is granted, as a condition of exercising such Option, to give written assurances in substance and form satisfactory to UnitedGlobalCom and its counsel to the effect that such person is acquiring the
Stock for his own account for investment and not with any present intention of selling or otherwise distributing the same, and to such other effects as UnitedGlobalCom deems necessary or appropriate
in order to comply with Federal and applicable state securities laws. Legends evidencing such restrictions may be placed on the Stock certificates. 

        9.2    Compliance with Securities Laws.    Each Option shall be subject to the requirement
that, if at any time counsel to UnitedGlobalCom shall determine that the listing, registration or qualification of the shares subject to such Option upon any securities exchange or under any state or
federal law, or the consent or approval of any governmental or regulatory body, is necessary as a condition of, or in connection with, the issuance or purchase of shares thereunder, such Option may
not be accepted or exercised in whole or in part unless such listing, registration, qualification, consent or approval shall have been effected or obtained on conditions acceptable to the Committee.
Nothing herein shall be deemed to require UnitedGlobalCom to apply for or to obtain such listing, registration or qualification. 

        9.3    Changes in Accounting Rules.    Except as provided otherwise at the time an Option is
granted, notwithstanding any other provision of the Plan to the contrary, if, during the term of the Plan, any 

11

 

changes
in the financial or tax accounting rules applicable to Options shall occur which, in the sole judgment of the Committee, may have a material adverse effect on the reported earnings, assets or
liabilities of the Company, the Committee shall have the right and power to modify as necessary, any then outstanding and unexercised Options as to which the applicable services or other restrictions
have not been satisfied. 

 
 

ARTICLE X    
    
    WITHHOLDING    
    

        10.1    Withholding Requirement.    UnitedGlobalCom's obligations to deliver shares of Stock
upon the exercise of any Option shall be subject to the Option Holder's satisfaction of all applicable federal, state and local income and other tax withholding requirements. 

        10.2    Withholding With Stock.    At the time the Committee grants an Option or at any time
thereafter, it may, in its sole discretion, grant the Option Holder an election to pay all such amounts of tax withholding, or any part thereof, by electing (a) to have UnitedGlobalCom withhold
from shares otherwise issuable to the Option Holder, shares of Stock having a value equal to the amount required to be withheld or such lesser amount as may be elected by the Option Holder; provided
however, that the amount of Stock so withheld shall not exceed the minimum amount required to be withheld under the method of withholding that results in the smallest amount of withholding, or
(b) to transfer to UnitedGlobalCom a number of shares of Stock that were acquired by the Option Holder more than six months prior to the transfer to UnitedGlobalCom and that have a value equal
to the amount required to be withheld or such lesser amount as may be elected by the Option Holder. All elections shall be subject to the approval or disapproval of the Committee. The value of shares
of Stock to be withheld shall be based on the Fair Market Value of the Stock on the date that the amount of tax to be withheld is to be determined (the "Tax Date"). Any such elections by Option
Holders to have shares of Stock withheld for this purpose will be subject to the following restrictions: 

        (a)   All
elections must be made prior to the Tax Date. 

        (b)   All
elections shall be irrevocable. 

        (c)   If
the Option Holder is an officer or director of UnitedGlobalCom within the meaning of Section 16 of the 1934 Act ("Section 16"), the Option Holder must
satisfy the requirements of such Section 16 and any applicable Rules thereunder with respect to the use of Stock to satisfy such tax withholding obligation. 

 
 

ARTICLE XI    
    
    MISCELLANEOUS    
    

        11.1    Expiration.    The Plan shall terminate whenever the Board adopts a resolution to that
effect. If not sooner terminated by the Board, the Plan shall terminate and expire on June 1, 2003. After termination, no additional Options shall be granted under the Plan, but the Company
shall continue to recognize Options previously granted. 

        11.2    Amendments, Etc.    The Board may from time to time amend, modify, suspend or
terminate the Plan. Nevertheless, no such amendment, modification, suspension or termination shall, without the consent of the Option Holder, impair any Option previously granted under the Plan or
deprive any Option Holder of any Shares that he may have acquired through or as a result of the Plan. 

        11.3    Treatment of Proceeds.    Proceeds from the sale of Stock pursuant to Options granted
under the Plan shall constitute general funds of UnitedGlobalCom. 

12

 

        11.4    Section Headings.    The section headings are included herein only for convenience,
and they shall have no effect on the interpretation of the Plan. 

        11.5    Severability.    If any article, section, subsection or specific provision is found to
be illegal or invalid for any reason, such illegality or invalidity shall not affect the remaining provisions of the Plan, and the
Plan shall be construed and enforced as if such illegal and invalid provision had never been set forth in the Plan. 

        11.6    Gender and Number.    Except when otherwise indicated by the context, the masculine
gender shall include the feminine gender, and the definition of any term herein in the singular shall also include the plural. 

        Amended
and Restated as of January 22, 2004. 

	 	 	UNITEDGLOBALCOM, INC.

    a Delaware corporation
	 	 	 	 
	 	 	 	 
	 	 	By:	/s/  ELLEN P. SPANGLER      

13

QuickLinks

Exhibit 10.6

UNITEDGLOBALCOM, INC. 1993 STOCK OPTION PLAN (amended and restated effective January 22, 2004)

TABLE OF CONTENTS

UNITEDGLOBALCOM, INC. 1993 STOCK OPTION PLAN (as amended and restated effective January 22, 2004)

ARTICLE I INTRODUCTION

ARTICLE II DEFINITIONS

ARTICLE III PLAN ADMINISTRATION

ARTICLE IV STOCK SUBJECT TO THE PLAN

ARTICLE V PARTICIPATION

ARTICLE VI STOCK OPTIONS

ARTICLE VII CHANGE IN CONTROL; CORPORATE REORGANIZATION

ARTICLE VIII EMPLOYMENT; TRANSFERABILITY

ARTICLE IX GENERAL RESTRICTIONS

ARTICLE X WITHHOLDING

ARTICLE XI MISCELLANEOUS

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00062-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00062-of-00352.parquet"}]]