Document:

VimpelCom Ltd. Executive Investment Plan.

 Exhibit 4.3 
 VIMPELCOM LTD. 
 EXECUTIVE INVESTMENT PLAN 

Effective Date: 27 March 2012 

  
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 Contents 
  

							
	Rule 1	  	Definitions	  	 	3	  
			
	Rule 2	  	Interpretation	  	 	6	  
			
	Rule 3	  	Availability of Shares	  	 	6	  
			
	Rule 4	  	Powers of the Compensation Committee	  	 	6	  
			
	Rule 5	  	Offer	  	 	7	  
			
	Rule 6	  	Investment Shares	  	 	8	  
			
	Rule 7	  	Award of Matching Option to Acquire Matching Shares	  	 	8	  
			
	Rule 8	  	Shareholder’s Rights	  	 	10	  
			
	Rule 9	  	Vesting and Exercise of Stock Options	  	 	11	  
			
	Rule 10	  	Delivery of Matching Shares upon Matching Option Exercise	  	 	11	  
			
	Rule 11	  	Loss of employment	  	 	12	  
			
	Rule 12	  	Tax and social security	  	 	12	  
			
	Rule 13	  	Reporting obligations	  	 	13	  
			
	Rule 14	  	Delisting; Change of Control of a Group Company	  	 	13	  
			
	Rule 15	  	Plan amendments and special provisions	  	 	13	  
			
	Rule 16	  	Notification	  	 	14	  
			
	Rule 17	  	Regulations and Other Approvals; Governing Law	  	 	14	  
			
	Rule 18	  	Disputes	  	 	16	  
			
	Rule 19	  	Costs of the Plan	  	 	16	  
			
	Rule 20	  	Other Provisions	  	 	16	  

  
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 Rule 1 Definitions 
 In the Rules of this Plan, except where inconsistent with the subject or context, the words and expressions shall have the following meanings as set out below: 

 

			
	Award	  	The award of a Matching Option to acquire Matching Shares under the Rules of this Plan;
		
	Bye-laws	  	The VimpelCom Ltd. Bye-laws adopted on 20 April 2010, as may be amended from time to time;
		
	Cause	  	Any behavior deemed to constitute “cause” in the Participant’s employment contract with a Group Company or, absent such a definition in the Participant’s
employment contract, either Participant’s (i) intentional failure to perform reasonably assigned duties, (ii) dishonesty, gross negligence or willful misconduct in the performance of duties, (iii) involvement in a transaction in connection with
the performance of duties to the Company or any of its affiliates which transaction is adverse to the interests of the Company or any of its affiliates and which is engaged in for personal profit, (iv) willful violation of any law, rule, or
regulation in connection with the performance of duties (other than traffic violations or similar offenses) or (v) breach of any Group Company policy applicable to the Participant (including, without limitation, the Insider Trading Rules and any
code of ethics or business conduct policies);
		
	Company	  	VimpelCom Ltd., an exempted company formed under the laws of Bermuda having its principal executive offices as of the Effective Date at Claude Debussylaan 88, 1082 MD Amsterdam,
the Netherlands, and registered with the Dutch Chamber of Commerce under registration number 34374835;
		
	Compensation Committee	  	The Compensation Committee established by the Supervisory Board as defined in and pursuant to the Bye-laws;
		
	Effective Date	  	The date as from which this Plan is effective, being March 27, 2012;
		
	Exchange	  	The New York Stock Exchange or such other internationally recognized exchange or market quotation system on which the Shares are then traded;
		
	Executives	  	Selected executives of a Group Company, who can, at the absolute and sole discretion of the Compensation Committee, be selected to participate in the Plan;
		
	Exercise Price	  	The price per Share payable for the Matching Shares upon the exercise of a Matching Option (which price shall not be less than the par value of a Share);

  
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	Good Standing	  	The Participant has not engaged in (whether by action or omission) any behavior that constitutes or could reasonably be expected or deemed to constitute Cause;
		
	Group	  	The Company and its Subsidiaries (as defined in the Bye-laws) from time to time;
		
	Group Company	  	Any of the Company or its Subsidiaries (as defined in the Bye-laws) from time to time;
		
	Insider Trading Rules	  	The VimpelCom Ltd. Corporate Policy and Procedure on Insider Trading, as may be amended from time to time;
		
	Investment Amount	  	The part of the Participant’s gross annual base salary that the Participant chooses to invest in accordance with the Participation Agreement;
		
	Investment Share Price	  	The price per Share set forth in the Participation Agreement at which the Participant will purchase the Investment Shares;
		
	Investment Shares	  	The Shares purchased under the Rules of this Plan and the Participation Agreement, such number of Shares equal to the Investment Amount divided by the Investment Share
Price, with the result rounded down or up to the nearest whole number per the standard rounding rules (i.e., 0.4 will be rounded down and 0.5 will be rounded up);
		
	Matching Award Value	  	The Investment Amount multiplied by a multiplier to be determined by the Compensation Committee upon meeting the Performance Conditions at the end of the
Performance Period as set out under the Participation Agreement and the Rules of the Plan. In any event, the multiplier used to determine the Matching Award Value will not exceed 5;
		
	Matching Option	  	An option granted by the Company to acquire Matching Shares in accordance with the Plan and the Matching Option Agreement; provided, however, that under no circumstances
will an “option” be a security as defined under Russian law;
		
	Matching Option Agreement	  	The written agreement between the Company (or any Group Company) and the Participant evidencing the grant of a Matching Option and setting forth the terms and conditions thereof
in accordance with the terms of the relevant Offer and the Rules of this Plan;
		
	Matching Share Amount	  	The Matching Award Value divided by the Matching Share Price, with the result rounded down or up to the nearest whole number per the standard rounding rules (i.e.,
0.4 will be rounded down and 0.5 will be rounded up);

  
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	Matching Share Price	  	The price per Share which shall be used to determine the number of Matching Shares to be issued upon exercise of a Matching Option, such price per Share to be calculated in
accordance with the terms of the Participation Agreement and Matching Option Agreement;
		
	Matching Shares	  	The Shares that can be acquired by the Participant by exercising the Matching Option granted under the Rules of this Plan;
		
	Offer	  	An invitation to participate in the Plan;
		
	Participant	  	An Executive to whom an Offer has been made and who has accepted such Offer by signing and returning the Participation Agreement in accordance with the Rules of this
Plan;
		
	Participation Agreement	  	The agreement which contains the Offer to a Participant to participate in the Plan on the terms set forth therein and allowing the Participant to accept such Offer on the terms
set forth therein by indicating the Participant’s Investment Amount;
		
	Performance Conditions	  	The performance target(s) set by the Compensation Committee that must be attained in order for the Matching Options to Vest and to determine the Matching Award Value. The
Performance Conditions will be defined in respect of each Award in the Participation Agreement;
		
	Performance Period	  	The period over which the Performance Conditions attached to the Offer are measured. The Performance Period will be defined in the Participation Agreement;
		
	Plan	  	The VimpelCom Ltd. Executive Investment Plan in its present form or as from time to time amended in accordance with the provisions hereof;
		
	Release	  	The issuance or transfer of Shares by the Company pursuant to this Plan whereby “Release”, “Released” and “Release Date” shall be construed and
interpreted accordingly;
		
	Rules	  	The Rules governing the operation of the Plan as may be amended from time to time;
		
	SPA	  	The written agreement or instrument setting forth the terms and conditions of the sale and purchase of the Investment Shares;
		
	Shares	  	Common shares of par value USD$0.001 each (or such other par value as may result from any reorganization of capital) in the capital of the Company, having the rights and
restrictions set out in the Bye-laws, including American Depositary Receipt(s) evidencing American Depositary Share(s);

  
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	Supervisory Board	  	The Supervisory Board of the Company as defined in the Bye-laws;
		
	Transfer	  	The meaning ascribed to this term in Rule 6.4;
		
	Vesting	  	The satisfaction of the conditions to the exercise of the Matching Option as set forth in the Participation Agreement, the Matching Option Agreement and the Rules of this Plan,
and “Vested” and “Vest” shall be construed accordingly; and
		
	Vesting Date	  	The date on which the Matching Option shall become exercisable, as specified in the relevant Participation Agreement, subject to satisfaction of the Performance Conditions and
the Rules of this Plan.

 Rule 2 Interpretation 
 Words or expressions used in the Plan shall where appropriate: 
  

	 	(i)	when denoting the masculine gender include the feminine and vice versa; 

  

	 	(ii)	when denoting the singular include the plural and vice versa; 

  

	 	(iii)	when referring to any enactment be construed as a reference to that enactment as for the time being consolidated, amended, re-enacted or replaced and shall include any
regulations made thereunder; 

  

	 	(iv)	when referring to the Rules be taken to refer to the Rules of this Plan; 

  

	 	(v)	when a period of time is specified and starts from a given day or the day of an act or event, be calculated inclusive of that day; 

 

	 	(vi)	be construed such that the headings and sub-headings are for ease of reference only, and do not affect the interpretation of any Rule; and 

 

	 	(vii)	references to tax and/or social security contributions and/or withholding taxes shall for the avoidance of doubt include the Netherlands and any other jurisdiction to
which a Participant may be subject. 

 Rule 3 Availability of Shares 

The Company shall ensure that sufficient Shares are available at the time of Vesting of the Matching Options. 

Rule 4 Powers of the Compensation Committee 
  

	4.1	The Plan shall be administered by the Compensation Committee. The Compensation Committee shall have such powers and authority delegated to it as set out in the Plan.

  

	4.2	The Compensation Committee shall have the authority and the absolute and sole discretion to: 

 

	 	(i)	select Executives as Participants; 

  
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	 	(ii)	construe and interpret the provisions of the Plan, any Participation Agreement and any other agreement or document executed pursuant to the Plan;

  

	 	(iii)	determine the terms and conditions of any Offer or Award; 

  

	 	(iv)	interpret, administer, reconcile any inconsistency in, correct any defect in and/or supply any omission in the Plan, Participation Agreement, Matching Option Agreement
and any other instrument or agreement relating to, or Award granted under, the Plan; 

  

	 	(v)	establish, amend, suspend, or waive any rules and regulations and appoint such agents as the Compensation Committee shall deem appropriate for the proper administration
of the Plan; 

  

	 	(vi)	accelerate the vesting or exercisability of, payment for or lapse of restrictions on, Awards or Matching Options; and 

 

	 	(vii)	make any other determination and take any other action that the Compensation Committee deems necessary or desirable for the administration of the Plan.

  

	4.3	The Compensation Committee’s interpretation and construction of any provision of the Plan, of any Offers or Awards effectuated under the Plan or of any
Participation Agreement or Matching Option Agreement shall be final and binding on all Participants claiming an interest in an Award effected under the Plan. No member of the Supervisory Board of the Company, the Compensation Committee, delegate of
the Compensation Committee or any employee or agent of the Company shall be liable for any action taken or omitted to be taken or any determination made in good faith with respect to the Plan or any Award hereunder. 

Rule 5 Offer 
  

	5.1	The Compensation Committee may decide to make an Offer to Executives in accordance with the Rules of this Plan. 

 

	5.2	Offers may be made at any time at the discretion of the Compensation Committee and are subject to the Insider Trading Rules and applicable mandatory provisions
regarding insider trading. 

  

	5.3	Offers made to a Participant in a certain year shall not be construed to give that Participant the right to future Offers. 

 

	5.4	If, after receipt of an Offer, a Participant wishes to participate in the Plan, then as a condition to the grant of an Award, he is required to return a signed copy of
the Participation Agreement to the Company in the manner and by the date specified in the Offer (as described in the Participation Agreement). If the Company has not received a signed copy of the Participation Agreement by the date specified in the
Offer, the Offer shall lapse and shall be void ab initio. 

  
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	5.5	Where under any of the provisions of these Rules it is provided that an Offer shall lapse, that lapsed Offer shall cease to confer any rights whatsoever on the
Participant notwithstanding any other provisions of these Rules. 

 Rule 6 Investment Shares 

 

	6.1	The Participation Agreement shall specify, inter alia, the manner in which the Investment Share Price, the Matching Share Price and the Matching Award Value shall be
determined, the Performance Conditions and the Vesting Date. 

  

	6.2	Following the Participant’s execution of the Participation Agreement, the Company (or any Group Company) and the Participant will enter into and perform their
respective obligations under the SPA. No rights to the Investment Shares shall accrue to the Participant prior to the date of their delivery in accordance with the terms of the SPA. 

 

	6.3	The Participant shall not be entitled to any compensation of damages insofar as such damages arise or may arise from a delayed delivery of Shares in accordance with the
SPA, and no rights shall accrue to the Participant in respect of the Investment Shares until the date of their delivery in accordance with Rule 6.2 above. The Participant shall not be permitted to designate the time for such delivery of the
Investment Shares. 

  

	6.4	The sale, assignment, alienation, charge, pledge, or other transfer (other than by will or by the laws of descent and distribution) or encumbrance (each, a
“Transfer”) of any of the Investment Shares by the Participant prior to the Vesting Date will cause the corresponding Matching Option to lapse and be void ab initio. 

Rule 7 Award of Matching Option to Acquire Matching Shares 
  

	7.1	The Exercise Price for the Matching Option shall be specified in the Participation Agreement and the Matching Option Agreement. 

 

	7.2	The Matching Option shall Vest and become exercisable on the Vesting Date, subject to satisfaction of the Performance Conditions and any other conditions set forth in
the Participation Agreement, the Matching Option Agreement and the Rules of this Plan, as applicable. The calculation of the Matching Award Value and the Matching Share Amount in relation to a Matching Option will be determined in accordance with
the Participation Agreement, the Matching Option Agreement and the Rules of this Plan. 

  

	7.3	The Compensation Committee, when making an Award, may in its absolute and sole discretion impose Performance Conditions, being conditions and limitations (additional to
any conditions and limitations contained in any other of these Rules) which must be satisfied prior to the Vesting of the Matching Option in relation to such Award, provided that such additional conditions and limitations shall:

  

	 	(i)	be objective and specified in detail in the Participation Agreement; 

  

	 	(ii)	be such that the Vesting of the Matching Option after the fulfillment or attainment of any conditions and limitations so specified shall not be dependent upon the
further discretion of any person, other than the determination by the Compensation Committee that such conditions or limitations have been fulfilled; and 

  
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	 	(iii)	not be capable of amendment, variation or waiver unless a change in circumstances occurs which causes the Compensation Committee to consider that a waived, varied or
amended condition would be a fairer measure of performance and would not be more difficult to satisfy than any existing additional conditions. 

  

	7.4	No consideration shall be payable by a Participant for an Award of Matching Options made in his favor. 

 

	7.5	An Award will Vest on the Vesting Date stated in the Participation Agreement as long as, at the applicable Vesting Date: 

 

	 	(i)	any Performance Conditions, as well as any additional conditions and limitations imposed on the Award in accordance with the terms of the Participation Agreement, the
Matching Option Agreement or the Rules of this Plan (and which have not been waived) have been fulfilled; and 

  

	 	(ii)	the Participant is employed by the Group and is in Good Standing at the Vesting Date, except as set forth in Rule 7.6 below. 

 

	7.6	If a Participant (a) is in Good Standing at the time that he ceases to be employed by a Group Company and meets all obligations to the Group to which the
Participant is subject, including but not limited to non-competition, non-solicitation, confidentiality, and nondisparagement, as described and agreed in his employment contract and any other agreement with a Group Company through the applicable
Vesting Date, and (b) ceases to be employed within the Group: 

  

	 	(i)	by reason of expiration of the term of his employment contract and nonrenewal by the Company (or any Group Company); or 

 

	 	(ii)	by reason of termination of his employment by a Group Company without Cause; or 

 

	 	(iii)	by reason of his death; or 

  

	 	(iv)	by virtue of retirement by agreement with the Group Company employing him; or 

 

	 	(v)	by reason of total and permanent disability, being mental and/or physical disability, whether occupational or non-occupational in cause, as defined in (a) any
long-term disability insurance policy or plan provided to the Participant by the Group Company employing him, or (b) the Participant’s applicable national legislation pertaining to persons with disability; or 

 

	 	(vi)	by reason of redundancy due to a reorganization of the Group or such other circumstances as the Compensation Committee may determine in its absolute and sole
discretion, 

 the date on which the Participant ceases to be employed by the Group shall be deemed to be the
Vesting Date and as soon as reasonably practical thereafter (and in any event within 30 calendar days) the Compensation Committee will determine whether and to what extent any Performance Conditions have been satisfied or waived by reference to

  
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the performance of the Company over that part of the Performance Period as has elapsed as of the date the Participant ceases to be employed with the Group. If the Compensation Committee
determines that the Performance Conditions have been satisfied, the number of Matching Shares subject to the Matching Option shall be reduced pro rata so that it reflects only the proportion of the original Performance Period which has elapsed
before the deemed Vesting Date. Notwithstanding the foregoing, the Compensation Committee may, at its absolute and sole discretion, determine not to accelerate the Vesting Date and instead to apply to the Participant’s Matching Option on the
Vesting Date as set forth in the Participation Agreement subject to satisfaction of the Performance Conditions (and any other conditions set forth the Participation Agreement, the Matching Option Agreement and the Rules of this Plan). In all cases,
if the Compensation Committee determines that the Performance Conditions (and any other conditions set forth in the Participation Agreement, the Matching Option Agreement and the Rules of this Plan) are not satisfied, then the Matching Option will
lapse and will not Vest. 
  

	7.7	If a Participant ceases to be employed within the Group prior to the Vesting Date in any other circumstances other than those listed in Rule 7.6, the Participant’s
right to exercise the Matching Options shall lapse entirely on the date of termination of employment. 

  

	7.8	The Compensation Committee shall have the power to allow a Matching Option held by a Participant to Vest at a date prior to the Vesting Date. 

 

	7.9	A Participation Agreement may contain such other provisions as deemed desirable by the Compensation Committee which do not conflict with the terms of the Plan,
including without limitation: (i) restrictions on the disposition of any Matching Option granted and/or Matching Shares acquired upon exercise of a Matching Option; (ii) submission by the Participant of such forms and documents as the
Compensation Committee may require to effect the Award; and/or (iii) procedures to facilitate the payment of withholding taxes in accordance with Rule 12. 

 Rule 8 Shareholder’s Rights 
  

	8.1	Subject to Rule 6.4 above, the Investment Shares shall entitle the Participant to all share ownership rights, such as the right to receive dividends, to vote and to
dispose of the Shares. The Participant shall not be deemed for any purpose to be the owner of any Matching Shares subject to the Matching Option unless and until (i) the Matching Option shall have been exercised pursuant to the terms thereof in
accordance with the Plan, and (ii) the Company or any Group Company shall have delivered title to the Matching Shares in accordance with the Matching Option Agreement. 

 

	8.2	An unvested Matching Option does not entitle the Participant to any rights with respect to the Matching Shares or any share ownership rights, such as the right to
receive dividends, to vote and to dispose of the underlying Shares. The Participant may not Transfer an Award, a Matching Option and/or underlying Matching Shares to which he may be entitled upon exercise of a Matching Option in accordance with the
Plan, or any rights in respect thereof, in all cases until the Matching Option has Vested and been exercised and the Matching Shares have been delivered in accordance with the Matching Option Agreement; provided that the designation of a
beneficiary shall not constitute a Transfer. Any Transfer, whether voluntary or involuntary, in violation of this Rule 8.2 shall cause the Award or Matching Option to immediately lapse and be void ab initio. 

  
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 Rule 9 Vesting and Exercise of Stock Options 

 

	9.1	As soon as reasonably practicable (and in any event within 30 calendar days) after the Vesting Date, the Compensation Committee will determine whether and to what
extent any Performance Conditions have been satisfied or waived, and the Matching Award Value and Matching Share Amount in relation to each Award, and will notify the Participant in writing of their determinations under this Rule 9.1.

  

	9.2	The Matching Option, once Vested, must be exercised at the time and in the manner as may be set forth in the Participation Agreement, the Matching Option Agreement
and/or this Plan, as applicable. 

  

	9.3	The exercise of a Matching Option shall be made only after the Compensation Committee has made the determinations described in Rule 9.1 and provided written notice to
the Participant of their determination. Exercise shall be made only by a written notice delivered in person, by mail, by internationally recognized courier service or by facsimile transmission to the Company at its principal executive office or
other address provided by the Company, specifying the number of Matching Shares to be purchased pursuant to the exercise of the Matching Option, and in compliance with any other conditions for exercise set forth in the relevant Participation
Agreement or Matching Option Agreement. Once the written notice is approved by the Company as being in accordance with the Plan and the Matching Option Agreement, the Exercise Price for any Matching Shares purchased pursuant to the exercise of the
Matching Option shall be paid by or on behalf of the Participant via wire transfer (or via any other means approved by the Company). No fractional Shares (or cash in lieu thereof) shall be issued upon exercise of a Matching Option and the number of
Shares that may be purchased upon exercise shall be rounded to the nearest number of whole Shares. 

  

	9.4	To the extent any Matching Option has not Vested as of the Vesting Date, or to the extent a Vested Matching Option is not exercised in accordance with the time period
(if any) specified in the Participation Agreement, the Matching Option Agreement or the Plan, that Matching Option will lapse. If an Award or Matching Option lapses under the Plan, it cannot Vest and a Participant has no rights in respect of it, nor
any right to receive consideration for such lapsed Award or Matching Option. 

 Rule 10 Delivery of Matching Shares upon
Matching Option Exercise 
  

	10.1	The Company (or any Group Company) or any party designated by the Company (or any Group Company) shall deliver the Matching Shares which a Participant is entitled to
receive upon exercise of a Matching Option as soon as practicable following the exercise of the Matching Option, but in no event later than the last day of the calendar year in which the Vesting Date and exercise of the Matching Option occur. In no
event will the Participant be permitted to designate the time of delivery of the Matching Shares. 

  

	10.2	The Participant shall not be entitled to any compensation of damages insofar as such damages arise or may arise from a delayed delivery of Matching Shares under this
Rule 10. 

  
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 Rule 11 Loss of employment 

 

	11.1	The Plan does not form part of the Participant’s employment agreement with the Company or with any Group Company, and shall not be construed to give any
Participant the right to remain in the employ of the Company or any Group Company. 

  

	11.2	An Offer made under this Plan shall not be considered a guarantee to the Participant that his employment agreement with the Company or with any other Group Company will
continue. 

  

	11.3	Any benefits derived by the Participant under this Plan shall not be taken into account for the purposes of determining the Participant’s contribution or
entitlement to benefits under any retirement arrangement or for the purposes of determining any other claim for compensation the Participant may have against the Company or against any other Group Company. 

 

	11.4	Where the employment agreement of the Participant terminates for whatever reason, the Participant shall not be entitled to any compensation or damages including damages
following unfair dismissal, any other form of breach of contract or any claim for compensation for the loss of employment insofar as such compensation or damages arise or may arise from the Participant ceasing to have rights under this Plan as a
result of such termination. The Plan shall not at any time affect the rights of the Company or a Group Company to terminate such Participant’s status as a Participant. 

 

	11.5	Except as may be expressly provided in the Participation Agreement or the Offer, an Offer shall neither entitle nor preclude a Participant from participating in another
Offer under the Plan or participation in any other plan, program or policy operated by any Group Company. 

 Rule 12 Tax and
social security 
  

	12.1	All applicable wage tax, personal income tax and employee social security premiums, if any, as a result of or in respect of the implementation of the Plan shall be
borne by the Participant. Any employer social security premiums as a result or in respect of the implementation of the Plan shall be borne by the Company or any Group Company. 

 

	12.2	It shall be a condition of the obligation of the Company to issue or to procure the delivery of the Shares acquired by the Participant upon exercise of the Matching
Option that the Participant shall permit the Company or any Group Company to make such arrangements as it considers necessary to meet any liability to taxation or social security contributions in respect of Investment Shares, Awards or exercises of
Matching Options. These arrangements may include the Company or any Group Company withholding directly at source or selling, that number of acquired Matching Shares, equaling in value to any wage or income tax, employee’s social security levies
liability and any other liabilities for which the Company or a Group Company as the case may be, has an obligation to withhold and account, or the Participant arranging for discharge of the liability himself, in all cases as the Compensation
Committee deems appropriate. Any failure by the Participant to allow the Company to satisfy any such withholding obligation will cause the applicable Award or Matching Option to lapse and be rendered void ab initio. 

  
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	12.3	The Plan is based on the applicable tax and social security legislation and regulations prevailing at the Effective Date. If any tax and/or social security legislation
or regulations are amended after the Effective Date and any tax or employee social security levies become payable, the costs and risks related thereto shall be borne by the Participant. 

 

	12.4	Except as described in this Rule 12, any tax, employee social security levies or similar liabilities arising from the disposal of Shares shall be the sole
responsibility of the Participant. 

  

	12.5	The Company does not guarantee any tax treatment in respect of the Investment Shares, Matching Options and the Matching Shares and the Participant is advised to consult
with his or her personal tax advisors regarding participation in the Plan. 

 Rule 13 Reporting obligations 

The Company shall not, or any party designated by the Company shall not, be entitled to deliver the Shares in accordance with this Plan, until such time
as the Company is satisfied that the Company or Group Company which employs the Participant and the Participant are aware of, and will carry out, their reporting obligations in respect of such delivery. 

Rule 14 Delisting; Change of Control of a Group Company 
  

	14.1	If an event occurs as a result of which the Shares are no longer listed on an Exchange, the date on which such event occurs shall be deemed to be the Vesting Date and
as soon as reasonably practical thereafter (and in any event within 30 calendar days) the Compensation Committee will determine whether and to what extent any Performance Conditions have been satisfied or waived by reference to the performance of
the Company over that part of the Performance Period as has elapsed as of the date on which the Shares cease to be listed on an Exchange. If the Compensation Committee determines that the Performance Conditions have been satisfied, the number of
Matching Shares subject to the Matching Option shall be reduced pro rata so that it reflects only the proportion of the original Performance Period which has elapsed before the deemed Vesting Date. 

 

	14.2	If a corporate event occurs as a result of which the Group Company in which the Participant is employed ceases to be a consolidated Subsidiary of the Company, the date
on which such event occurs shall be deemed to be the Vesting Date and as soon as reasonably practical thereafter (and in any event within 30 calendar days) the Compensation Committee will determine whether and to what extent any Performance
Conditions have been satisfied or waived by reference to the performance of the Company over that part of the Performance Period as has elapsed as of the date on which the Group Company ceased to be a consolidated Subsidiary of the Company. If the
Compensation Committee determines that the Performance Conditions have been satisfied, the number of Matching Shares subject to the Matching Option shall be reduced pro rata so that it reflects only the proportion of the original Performance Period
which has elapsed before the deemed Vesting Date. 

 Rule 15 Plan amendments and special provisions 

 

	15.1	 Subject to the terms and conditions of the Bye-laws, the Compensation Committee may at any time and from time to time at its absolute and sole
discretion amend any of the 

  
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Rules of this Plan and/or the Participation Agreements to, inter alia, take account of a change in legislation or to obtain or maintain a favorable tax, exchange control, legal, accounting or
regulatory treatment for Participants and/or the Group. 

  

	15.2	The Plan may be terminated at any time by the Compensation Committee provided such termination does not materially and adversely affect the subsisting rights of
the Participant. 

  

	15.3	The Compensation Committee may amend the Plan, establish Rules of this Plan or establish a sub-plan for Participants in a particular jurisdiction, which Plan, Rules
and/or sub-plan are designed to conform to the rules of such jurisdiction. 

  

	15.4	If the Shares are altered by way of capitalization or rights issue, change in par value, reclassification, recapitalization, merger, amalgamation, consolidation,
reorganization, scheme of arrangement, spin-off, split-up, sub-division, issuance of warrants, rights or debentures, stock dividend, stock split or reverse stock split, cash dividend, asset dividend, bonus issue, combination or exchange of shares,
repurchase of shares, change in corporate structure, change in depositary receipt ratio or otherwise, the Compensation Committee shall have the absolute and sole discretion to conclusively determine the appropriate adjustments, if any, to be made to
the Performance Conditions, the Plan and any agreement with a Participant under the Plan. Except as expressly determined by the Compensation Committee, no Participant shall be afforded any rights by reason of any capital or corporate reorganization
of the Company. 

  

	15.5	A purchase of Investment Shares by a Participant or an Award pursuant to the Plan shall not affect in any way the right or power of the Company or any Group Company to
effectuate any capital or corporate reorganization or transaction. 

  

	15.6	The Compensation Committee may amend any terms of, or alter, suspend, discontinue, cancel or terminate, any Participation Agreement, Award granted or any other
agreement entered into under this Plan; provided that any such waiver, amendment, alteration, suspension, discontinuance, cancellation or termination that would materially and adversely affect the rights of any Participant shall not to that
extent be effective without the consent of the affected Participant. 

 Rule 16 Notification 

Any notice or other document required to be given to any Participant with respect to the operation of this Plan shall be delivered to him at his home
address or such other address as may appear to the Company to be appropriate, or by e-mail message or in any other format agreed in advance between the Participant and the person giving the notice on behalf of the Company. Any notice or other
document required to be given to the Company shall be delivered in a format agreed in advance between the Participant and the person receiving the notice. Notices sent by post, unless received earlier, shall be deemed to have been given on the fifth
day following the date of posting. 
 Rule 17 Regulations and Other Approvals; Governing Law 

 

	17.1	The Plan and the rights of all persons claiming hereunder shall be construed and determined in accordance with the laws of The Netherlands, without giving effect to
conflicts of laws principles. 

  
 14 

	17.2	The obligation of the Company to deliver Shares in accordance with the Plan shall be subject to all applicable laws, rules and regulations, including all applicable
securities laws, and the obtaining of all such approvals by governmental agencies as may be deemed necessary or appropriate by the Compensation Committee. Notwithstanding any terms or conditions of any Award to the contrary, the Company shall be
under no obligation to offer to sell or to sell, and shall be prohibited from offering to sell or selling, any Shares pursuant to an Award unless such Shares have been properly registered for sale or unless the Company has received an opinion of
counsel, satisfactory to the Company, that such Shares may be offered or sold without such registration pursuant to an available exemption therefrom and the terms and conditions of such exemption have been fully complied with. The Company shall be
under no obligation to register for sale any of the Shares to be offered or sold under the Plan. The Compensation Committee shall have the authority to provide that all certificates for Shares or other securities of the Company delivered under the
Plan shall be subject to such stop transfer orders and other restrictions as the Compensation Committee may deem advisable under the Plan, the applicable Award agreement, the applicable securities laws, or the rules, regulations and other
requirements of the U.S. Securities and Exchange Commission or other applicable governing body, any Exchange upon which such Shares or other securities are then listed or quoted and any other applicable federal, state, foreign, or local laws, and
the Compensation Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. Notwithstanding any provision in the Plan to the contrary, the Compensation Committee reserves the right
to make such changes as may be necessary or appropriate to any Participation Agreement or Award granted under the Plan that it in its sole discretion deems necessary or advisable in order to comply with the legal requirements of any governmental
entity to whose jurisdiction it is subject or the rules and regulations of any Exchange on which the Shares are listed or traded. 

  

	17.3	The Compensation Committee may make such changes as may be necessary or appropriate to comply with the rules and regulations of any government authority or of any
Exchange. 

  

	17.4	Each Award is subject to the requirement that, if at any time the Compensation Committee determines, in its discretion, that the listing, registration, or qualification
of Shares issuable pursuant to the Plan is required by any Exchange or under any law, or the consent or approval of any governmental regulatory body is necessary or desirable as a condition of, or in connection with, the grant of an Award or the
issuance of Shares, no Award shall be granted, in whole or in part, unless listing, registration, qualification, consent, or approval has been effected or obtained. The Compensation Committee may cancel an Award or any portion thereof if it
determines, in its absolute and sole discretion, that legal or contractual restrictions and/or blockage and/or other market considerations would make the Company’s acquisition of Shares from the public markets, the Company’s issuance of
Shares to the Participant, the Participant’s acquisition of Shares from the Company and/or the Participant’s sale of Shares to the public markets, illegal, impracticable or inadvisable. 

 

	17.5	Participants of the Plan shall be subject to and bound by the terms and conditions of the Insider Trading Rules adopted by the Company and/or applicable statutory
provisions as regards insider trading. This may restrict the rights of the Participants under the Plan with respect to the timing of the purchase or sale of the Shares. 

  
 15 

 Rule 18 Disputes 
  

	18.1	The decision of the Compensation Committee in any dispute or question relating to any Participation shall be final and conclusive subject to the terms of this Plan.

  

	18.2	Except as may be expressly provided in an agreement with Participants under this Plan, the provisions of the Rules shall govern and prevail in the event of any conflict
with an agreement with Participants under this Plan. 

 Rule 19 Costs of the Plan 

 

	19.1	The costs of introducing, operating and administering this Plan shall be borne by the Company. Except for the Release, the costs associated with the sale or transfer of
the Shares shall be borne by the Participant. 

  

	19.2	The Company may, where appropriate, recharge the costs of operating the Plan to Group Companies if and to the extent that Participants are employed by these Group
Companies. 

 Rule 20 Other Provisions 
  

	20.1	Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Group, on the one
hand, and a Participant or other person or entity, on the other hand. No provision of the Plan or any Award shall require the Company, for the purpose of satisfying any obligations under the Plan, to purchase assets or place any assets in a trust or
other entity to which contributions are made or otherwise to segregate any assets, nor shall the Company maintain separate bank accounts, books, records or other evidence of the existence of a segregated or separately maintained or administered fund
for such purposes. Participants shall have no rights under the Plan other than as unsecured general creditors of the Company. 

  

	20.2	If any provision of the Plan or any Award or agreement under this Plan is or becomes or is deemed to be invalid, illegal, or unenforceable in any jurisdiction or as to
any person or entity or Award, or would disqualify it under any law deemed applicable by the Compensation Committee, such provision shall be construed or deemed amended to conform to the applicable laws, or if it cannot be construed or deemed
amended without, in the determination of the Compensation Committee, materially altering the intent of the Plan or the Award, such provision shall be construed or deemed stricken as to such jurisdiction, person or entity or Award and the remainder
of the Plan and any such Award and agreement under this Plan shall remain in full force and effect. 

  
 16Form of Notice and Agreement

 EXHIBIT 10.1 

GENTIVA HEALTH SERVICES, INC. 

AMENDED AND RESTATED 2004 EQUITY INCENTIVE
PLAN 
 NOTICE OF PERFORMANCE CASH
AWARD 
  

			
	Name of Award Recipient:	  	[Name]
		
	Threshold Award:	  	[Amount of Cash Compensation]
		
	Target Award:	  	[Amount of Cash Compensation]
		
	Maximum Award:	  	[Amount of Cash Compensation]
		
	Date of Grant:	  	[Date]
		
	Performance Period:	  	[Period]

 Performance Measures 
 The Performance Measures for the Performance Period ending December 31, 20     will be the following pre-established fully diluted earnings per share goals for the Fiscal
Year ending December 31, 20    : 
  

													
	Performance Measures - Fiscal Year Ending December 31, 20    	  
				
	 	  	Threshold	 	 	Target	 	 	Maximum	 
		  	 	50%	  	 	 	100%	  	 	 	200%	  
	 Fully Diluted Earnings Per Share (“EPS”)
	  	$	[            	] 	 	$	[            	] 	 	$	[            	] 

 In order for the Award Recipient to earn an award for the Performance Period ending December 31,
20    , the Threshold Performance Measure for the Fiscal Year ending December 31, 20     must be met or exceeded; and if such Threshold Performance Measure is not met or exceeded, no cash
compensation will be earned under this Agreement for the Performance Period ending December 31, 20     and the Performance Cash Award will be forfeited in its entirety without payment. 

The Threshold and Target performance levels (i.e., 50% and 100%) will be increased on a pro-rata basis for EPS amounts between the Threshold and Target
or Target and Maximum levels, respectively, and will be rounded up to the next highest whole dollar; provided that if the total cash compensation earned under this award would exceed the total Maximum Award specified at the top of this Notice
because of such rounding, the fractional dollar amount would be rounded down and forfeited. For example, if the Threshold EPS amount is $[            ], the Target EPS amount is
$[            ], and the actual EPS amount is $[            ], (i.e., between the Threshold and Target performance
levels), the cash compensation will be deemed earned at a pro-rata performance level between Threshold and Target, or at [    ]% [(    ]% + [    ]%
[[    ]% X $[            ]/$[            ]]). In the event that the cash compensation is
earned because one or more of the Performance Measures are met or exceeded for the Fiscal Year ending December 31, 20    , the cash compensation earned will remain subject to the vesting and forfeiture provisions
prescribed 

 
in Section 3 of the Performance Cash Award Agreement reference number 002 through the end of the Performance Period ending December 31, 20    , except to the
extent such vesting and forfeiture provisions provide otherwise. 
 Adjustments to EPS Performance Measures 

For purposes of the Agreement and this Notice, in determining the extent to which, if any, the EPS Performance Measures are met, the Committee shall
exclude the impact of charges for restructurings, discontinued operations (including dispositions and other divestitures), legal settlements, acquisition and integration costs, net income from noncontrolling interests, the tax impact of items
excluded from income, extraordinary items and other unusual or non-recurring items, including asset impairments, and the cumulative effects of accounting changes, each as defined by generally accepted accounting principles as identified in the
Company’s financial statements, notes to the financial statements or management’s discussion and analysis. The EPS Performance Measures were established based on the “Medicare Reimbursement Rates” in effect on
[                    ] remaining unchanged for the entire Fiscal Year ending December 31, 20    . To the
extent such Medicare Reimbursement Rates are changed by law, regulation or other governmental action, the Committee shall adjust the EPS Performance Measures for the Fiscal Year ending December 31, 20     accordingly
to reflect the expected Medicare Reimbursement Rates for the remaining portion of the Fiscal Year ending December 31, 20    . The Committee shall not exclude the impact of acquisitions or any other business
combinations or net gain on sale of assets during the Performance Period, or any other events not expressly referenced herein. 
 By signing
your name below, you accept this award and acknowledge and agree that this award is granted under and governed by the terms and conditions of Gentiva Health Services, Inc.’s Amended and Restated 2004 Equity Incentive Plan and the Performance
Cash Award Agreement reference number 002, both of which are hereby made a part of this document. Any capitalized terms that are not expressly defined in this Notice shall have the meanings described in the Agreement. 

 

							
	AWARD RECIPIENT:	 		 		 	GENTIVA HEALTH SERVICES, INC.
				
	  
	 		 	By:	 	  

	[Name]	 		 		 	
		 		 	Title:	 	  

 Gentiva Health Services, Inc. 

AMENDED AND RESTATED 2004 EQUITY INCENTIVE PLAN

 PERFORMANCE CASH AWARD AGREEMENT 

REFERENCE 002 

SECTION 1. GRANT OF PERFORMANCE CASH AWARD. 
 (a) Performance Cash Award. On the terms and conditions set forth in this Agreement and each Notice of Performance Cash Award referencing this Agreement (the “Notice”), the Company
hereby grants the Award Recipient a performance grant in the form of a Performance Cash Award. The Performance Cash Award under this Agreement shall represent a right to receive a designated amount of cash compensation to the extent such Performance
Cash Award is earned and vested pursuant to the terms of this Agreement. Each Notice, together with this referenced Agreement, shall be a separate Performance Cash Award governed by the terms of this Agreement. 

(b) Equity Incentive Plan and Defined Terms. This award is granted under and subject to the terms of the Plan, which is incorporated herein by
this reference. Capitalized terms are defined in Section 6 of this Agreement. 
 SECTION 2. PERFORMANCE CASH AWARD. 

(a) Target Award. The Target Award means the target amount of cash compensation covered by and subject to the terms of this Agreement as set forth
in the Notice. Subject to satisfaction of the applicable Performance Measures, the Award Recipient can earn, as specified in the Notice, between 0% and 200% of the Target Award. 
 (b) Performance Period. The Performance Period means the performance period as set forth in the Notice. 
 (c) Performance Measures. Subject to the provisions of this Agreement, the Company shall pay to the Award Recipient the amount of cash compensation that is earned in accordance with the
Performance Measures set forth in the Notice; provided, however, that the Committee may reduce the amount of cash compensation earned under this Award, but in no event may the Committee increase the amount of cash compensation earned under this
Award beyond the performance levels achieved. 
 SECTION 3. SEPARATION FROM SERVICE. 

(a) General Rule - Forfeiture of Award. Except as otherwise provided in this Section 3, if the Award Recipient Separates from Service for any
reason prior to the end of the Performance Period, then effective at the close of business on the date the Award Recipient Separates from Service, the Award Recipient’s Performance Cash Award covered by this Agreement, whether earned or
unearned, shall be automatically cancelled 

 
and forfeited in its entirety without any further obligation on the part of the Company, such that the Company shall not be obligated to pay any of the cash compensation or any other compensation
to Award Recipient with respect to such cancelled and forfeited Performance Cash Award. 
 (b) Death, Disability and Certain Involuntary
Separations from Service. If during the Performance Period (i) the Award Recipient Separates from Service as a result of the Award Recipient’s Disability or death, or (ii) the Award Recipient experiences an involuntary Separation
from Service by the Company on account of the Award Recipient’s position being eliminated by the Company or a reduction in force by the Company affecting multiple positions, the Award Recipient shall be entitled to receive the portion of the
Performance Cash Award earned, if any, before such Separation from Service pursuant to Section 2(c) above. Any cash compensation to which Award Recipient becomes entitled to receive pursuant to the preceding sentence will be paid as soon as
administratively practicable following such Separation from Service, but in no event later than March 15th of the calendar year immediately following the end of the Fiscal Year in which the Award Recipient Separates from Service; provided,
however, that no cash compensation shall be paid with respect to the Performance Cash Award unless the Committee has certified in writing that the applicable Performance Measures set forth in the Notice and other material terms of this Agreement
have been achieved. Any payment of cash compensation on account of the Award Recipient’s death shall be paid to the Award Recipient’s estate. 
 (c) Change of Control. In the event that a Change in Control occurs prior to the end of the Performance Period, the cash compensation that has been earned for any Fiscal Year ending before such
Change in Control plus any cash compensation at the Target Award level for any Fiscal Year ending after such Change in Control that has not been previously cancelled and forfeited shall become fully vested and payable (and the Performance Period
shall thereafter be deemed to have terminated). Any cash compensation to which the Award Recipient becomes entitled to receive pursuant to the preceding sentence will be paid to the Award Recipient in a single lump sum payment contemporaneously with
the consummation of the Change of Control. 
 SECTION 4. PAYMENT OF CASH COMPENSATION AND TAXES. 

(a) Payment of Cash Compensation. Except as otherwise provided in this Agreement and subject to satisfaction of the applicable tax withholding
requirements set forth in subsection (b) below, the Company shall pay any cash compensation earned and vested and determined under Section 2(c) in a single lump sum payment in the calendar year immediately following the end of the
Performance Period, but no later than March 15th of such calendar year; provided, however, that: (i) except as provided below, no cash compensation shall be paid unless the Committee has certified in writing that the applicable Performance
Measures set forth in the Notice and other material terms of this Agreement have been achieved; and (ii) the Company shall not pay any cash compensation if the Committee determines, in its sole discretion, that the payment of such cash
compensation would violate the terms of the Plan, this Agreement or applicable law. 

 (b) Income Taxes. The Award Recipient acknowledges that any income for federal, state or local income
tax purposes that the Award Recipient is required to recognize on account of the payment of cash compensation to the Award Recipient shall be subject to withholding of tax by the Company. 
 (c) Code Section 409A. This Award is intended to be excepted from coverage under Code section 409A and the regulations promulgated thereunder and shall be interpreted and construed
accordingly. Notwithstanding, Award Recipient recognizes and acknowledges that Code section 409A may impose upon the Award Recipient certain taxes or interest charges for which the Award Recipient is and shall remain solely responsible. 

SECTION 5. MISCELLANEOUS PROVISIONS. 

(a) No Right to Continued Service. Nothing in the Notice, Agreement or Plan shall confer upon the Award Recipient any right to continue in service
for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Company (or any parent corporation or subsidiary corporation employing or retaining the Award Recipient) or of the Award Recipient, which rights
are hereby expressly reserved by each, to terminate his or her service at any time and for any reason, with or without cause. 
 (b)
Notification. Any notification required by the terms of this Agreement shall be given in writing and shall be deemed effective upon personal delivery or upon deposit with the United States Postal Service, by registered or certified mail, with
postage and fees prepaid. A notice shall be addressed to the Company at its principal executive office and to the Award Recipient at the address that he or she most recently provided to the Company. 

(c) Entire Agreement. The Notice, this Agreement and the Plan constitute the entire contract between the parties hereto with regard to the subject
matter hereof. They supersede any other agreements, representations or understandings (whether oral or written and whether express or implied) which relate to the subject matter hereof. 
 (d) Waiver. No waiver of any breach or condition of this Agreement shall be deemed to be a waiver of any other or subsequent breach or condition whether of like or different nature. 

(e) Successors and Assigns. The provisions of this Agreement shall inure to the benefit of, and be binding upon, the Company and its successors
and assigns and upon the Award Recipient, the Award Recipient’s assigns and the legal representatives, heirs and legatees of the Award Recipient’s estate, whether or not any such person shall have become a party to this Agreement and have
agreed in writing to be joined herein and be bound by the terms hereof. 
 (f) Choice of Law. This Agreement shall be governed by, and
construed in accordance with, the laws of the State of Delaware (regardless of the law that might otherwise govern under applicable Delaware principles of conflict of laws). 

 SECTION 6. DEFINITIONS. 
 (a) “Agreement” shall mean this Performance Cash Award Agreement. 
 (b)
“Award Recipient” shall mean the person named in the Notice. 
 (c) “Board of Directors (or
Board)” shall mean the Board of Directors of the Company, as constituted from time to time. 
 (d) “Change of
Control” shall have the meaning described in Section 13(d) of the Plan. 
 (e) “Code” shall mean the
Internal Revenue Code of 1986, as amended from time to time, and the regulations promulgated thereunder. 
 (f)
“Committee” shall mean the committee of the Board of Directors responsible for administering the Plan, as described in Section 2(a) of the Plan. 
 (g) “Company” shall mean Gentiva Health Services, Inc., a Delaware corporation, and any successor thereto. 
 (h) “Disability” shall mean that the Award Recipient is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment
as determined by the Committee in its sole discretion. 
 (i) “Employee” shall mean any individual who is a common-law
employee of the Company or any subsidiary. 
 (j) “Fiscal Year” shall mean the taxable year of the Company, which is the
calendar year. 
 (k) “Notice” shall have the meaning described in Section 1(a) of this Agreement. 

(l) “Performance Measures” shall have the meaning described in Section 2(c) of this Agreement. 

(m) “Performance Period” shall have the meaning described in Section 2(b) of this Agreement. 

(n) “Performance Cash Award” shall mean the performance grant awarded pursuant to this Agreement, which shall represent the right
to receive the designated cash compensation to the extent the Performance Cash Award is earned and vested pursuant to the terms of this Agreement. 
 (o) “Plan” shall mean Gentiva Health Services, Inc.’s Amended and Restated 2004 Equity Incentive Plan. 
 (p) “Separation (or Separates) from Service” shall mean the Award Recipient’s death, retirement or other termination of employment or service with the employer (including all
persons treated as a single employer under Code sections 414(b) and 414(c)). For purposes hereof, the determination of controlled group members shall be made pursuant to the provisions of Code sections 414(b) and 414(c); provided that the language
“at least 50 percent” shall be used instead of “at least 80 percent” each place that it appears in Code sections 1563(a)(1), (2) and (3) and Treas. Reg. section 1.414(c)-2; provided, further, where legitimate business
reasons exist (within the meaning of Treas. Reg. section 1.409A-1(h)(3)), the language “at least 20 percent” shall be used instead of “at least 80 percent” in each place it appears. Whether an Award Recipient has experienced a
Separation from Service will be determined based on all of the facts and circumstances in accordance with the guidance issued under Code section 409A and, to the extent not inconsistent therewith, the terms of the Plan. 

 

	(q)	“Target Award” shall have the meaning described in Section 2(a) of this Agreement.

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