Document:

EXHIBIT 4.15

Exhibit 4.15

RIO TINTO PLC

RULES OF THE RIO TINTO 2008 BONUS DEFERRAL PLAN

	 	 	 
	Directors’ Adoption:

	 	17 March 2009
	 
	 	 
	Expiry Date:

	 	31 December 2011

 

 

Table of Contents

	 	 	 	 	 	 	 
	Contents	 	 	 	Page	 
	 
	1

	 	Granting Awards
	 	 	1	 
	 
	 	 	 	 	 	 
	2

	 	Bonus Deferral Awards and Company Contributed Awards Prior to Vesting
	 	 	2	 
	 
	 	 	 	 	 	 
	3

	 	Consequences of Vesting
	 	 	2	 
	 
	 	 	 	 	 	 
	4

	 	Leaving the Group before Vesting
	 	 	3	 
	 
	 	 	 	 	 	 
	5

	 	Variations in share capital, demergers and special distributions
	 	 	4	 
	 
	 	 	 	 	 	 
	6

	 	Takeovers and restructurings
	 	 	4	 
	 
	 	 	 	 	 	 
	7

	 	Exchange of Awards
	 	 	5	 
	 
	 	 	 	 	 	 
	8

	 	General
	 	 	6	 
	 
	 	 	 	 	 	 
	9

	 	Governing law and jurisdiction
	 	 	7	 
	 
	 	 	 	 	 	 
	10

	 	Definitions
	 	 	7	 

17 March 2009

i

 

Rules of the Rio Tinto 2008 Bonus Deferral

	1	 	Granting Awards

	 	1.1	 	Shares subject to Awards
	 
	 	 	 	Awards may, at the sole discretion of the Committee and subject to all necessary corporate
and securities requirements, be settled i) in cash, ii) with Shares purchased from the open
market, or iii) , with the approval of the Company’s Shareholders in general meeting (if
required), with the issue of new Shares or with treasury Shares.
	 
	 	1.2	 	Eligibility
	 
	 	 	 	All employees designated as Band C level employees or above, according to the Rio Tinto
Global Grading System, as at 31 December 2008 who were eligible to receive a 2008 Bonus, are
eligible Participants. If an employee became a Band C employee during 2008, for purposes of
this Plan, the employee will be considered a Band C employee for all of 2008. If an employee
has been notified prior to 17 March 2009 that they will be made redundant in 2009, the
employee will not be subject to a bonus deferral and will not be a Participant.
	 
	 	1.3	 	Nature and Timing of Award
	 
	 	 	 	On 3 February 2009, the Committee established a mandatory deferral of 100% of the 2008 Bonus
for the Executive Directors and the Product Group Chief Executives (the “Most Senior
Executives”) and a mandatory deferral of 50% of the 2008 Bonus for all employees at Band C
and above who are not Executive Directors or Product Group Chief Executives (“Band C and
Above Executives”).
	 
	 	 	 	The number of Shares subject to a Bonus Deferral Award shall be the percentage of the gross
amount of a Participant’s deferred 2008 Bonus divided by the average closing price of Shares
on the London Stock Exchange over the five business days preceding 17 March 2009 (the
“Average Share Price”), rounded to the nearest whole Share.
	 
	 	 	 	On the same date, in order to enhance retention of key employees in a period of uncertainty,
the Committee also established the Company Contributed Award for each Band C and Above
Executive equal to 25 percent of the gross annual basic salary of that employee as at 1
March 2009. The number of Shares subject to a Company Contributed Award shall be 25% of a
Participant’s above-stated salary divided by the Average Share Price, rounded to the nearest
whole Share.
	 
	 	1.4	 	Time of Vesting
	 
	 	 	 	Subject to the terms of these rules:

(i) in the case of the Most Senior Executives, 100 percent of the Bonus Deferral Award will
Vest on 31 December 2011; and

(ii) in the case of the Band C and Above Executives, 50 percent of the Bonus Deferral Award
and the Company Contributed Award will Vest on 31 December 2010. The remaining 50 percent of
the Bonus Deferral Award and the Company Contributed Award will Vest on 31 December 2011.

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	 	1.5	 	Dividend Equivalent Shares at Vesting of a Bonus Deferral Award or Company Contributed
Award
	 
	 	 	 	In the case of the Bonus Deferral Award and the Company Contributed Award, as applicable,
the Award includes a right to receive, upon Vesting of some or all of the Shares, a number
of additional shares (“Additional Shares”) calculated in accordance with the following
formula:

X = D / P, rounded down to the nearest whole number, where

X is the number of Additional Shares;

D is the aggregate cash amount of Dividends that would have been paid to the
Participant in respect of the Shares subject to the Award that have Vested, as if
such Shares had been registered in the Name of the Participant from the date of
grant of the Award to the date of Vesting; and

P is the average of the closing price of Shares on the London Stock Exchange over
the five Business Days ending on the date of the Vesting of the Award.

	 	1.6	 	No payment

A participant is not required to pay for the grant of any Award

	2	 	Bonus Deferral Awards and Company Contributed Awards Prior to Vesting

	 	2.1	 	Rights
	 
	 	 	 	A Participant shall not be entitled to vote, to receive dividends or to have any other
rights of a shareholder in respect of Shares subject to an Award until the Share are
transferred or issued to the Participant.
	 
	 	2.2	 	Transfer
	 
	 	 	 	A participant may not transfer, assign or otherwise dispose of a Bonus Deferral Award or
Company Contributed Award or any rights in respect of it. If the Participant does, whether
voluntarily or involuntarily, then it will immediately lapse. This rule does not apply on
the transmission of awards on the death of a Participant to the Participant’s personal
representatives or estate (as the case may be).

	3	 	Consequences of Vesting

	 	3.1	 	Payout at Vesting
	 
	 	 	 	Within 30 days of Vesting of a Bonus Deferral Award or a Company Contributed Award (or, if
the transfer is prevented by a Dealing Restriction, within 30 days of it ceasing to be so
prevented), the Company will arrange (subject to Rule 3.2 (Withholding)) for the transfer or
issue to the participant of the number of Shares or cash, as determined by the Committee,
which have Vested, including any Additional Shares. In the case of cash, the amount of cash
will be based on the average of the closing price of Shares on the London Stock Exchange
over the five Business Days ending on the date of the Vesting of the Award, and will include
an amount of cash equivalent to the value of the Additional Shares calculated on the same
basis.

17 March 2009

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	 	 	 	However, in Canada and other jurisdictions where relevant taxation consideration so dictate,
the transfer or issue will occur no later than 31 December 2011.
	 
	 	3.2	 	Withholding
	 
	 	 	 	The Participant will be responsible for all taxes and social security contributions arising
in respect of an Award. The Company may decide that Vesting or the transfer of Shares
following Vesting will be conditional upon the Participant promptly doing all things
necessary (including signing all documents and providing any necessary information) to
facilitate the payment or withholding of such liabilities.
	 
	 	 	 	Unless the Company decides otherwise, where there is any obligation on any Member of the
Group or any employee benefit trust to pay or withhold any such taxes or contributions, a
sufficient number of the Shares to be transferred to the Participant following Vesting will
be sold on his behalf and the proceeds paid to the relevant Member of the Group or the
number of Shares transferred will be reduced accordingly. The number of Shares may be
determined on the basis of the relevant Member of the Group’s estimate of the amount of the
liability if the Participant has not promptly provided the necessary information.
	 
	 	 	 	The Company or any employing company or trustee of any employee benefit trust may make such
arrangements as it considers necessary to meet any liability to taxation or social security
contributions in respect of the Awards, including deducting such amounts from any cash
amount payable under the Plan or otherwise to the Participant.

	4	 	Leaving the Group before Vesting

	 	4.1	 	General rule on leaving employment
	 
	 	 	 	Except where Rule 4.2 applies, if the Participant ceases to be an employee of a Member of
the Group prior to the Vesting Date, the Participant forfeits any unvested Bonus Deferral
Award and Company Contributed Award, if applicable, in its entirety on the date the
Participant ceases to be an employee of a Member of the Group.
	 
	 	4.2	 	Leaving in exceptional circumstances

	 	4.2.1	 	If a Participant ceases to be an employee of any Member of the Group prior to
the Vesting Date for any of the reasons set out below, then i) the Bonus Deferral Award
will Vest with no pro rata reduction and ii) any Company Contributed Award will Vest
pro rata based on service from 1 January 2009 to the date that employment ceases as a
proportion of the total possible service applicable to the Award or portion of the
Award from 1 January 2009 to the applicable Vesting Date. The reasons are:

	 	(i)	 	ill-health, injury or disability, as established to the satisfaction of
the Company;
	 
	 	(ii)	 	retirement with the agreement of the Participant’s employer;
	 
	 	(iii)	 	the Participant’s employing company ceasing to be under the Control of
the Company;
	 
	 	(iv)	 	a transfer of the undertaking, or the part of the undertaking, in which
the Participant works to a person which is neither under the Control of the
Company nor a Member of the Group or the Other Listed Group;

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	 	(v)	 	redundancy;
	 
	 	(vi)	 	death; or
	 
	 	(vii)	 	any other reason except dismissal for misconduct, if the Committee so
decides.

	 	 	 	Any portion of an Award that does not Vest in accordance with this rule shall lapse
and for the avoidance of doubt Rule 1.5 (Dividend Equivalent) shall only apply to
the portion that has Vested.
	 
	 	 	 	Where a Participant’s employment is transferred to the Other Listed Group prior to
Vesting, Rule 7.3 (Other Listed Group) will apply.

	 	4.2.2	 	US Participants: In the case of Participants who are subject to the
application of Section 409A of the United States Internal Revenue Code, Rule 4.2.1
shall not apply and the terms of their leaving employment in exceptional circumstances
shall be governed by the Rules contained in the US annex to this Plan.

	 	4.3	 	Meaning of “ceasing to be an employee”
	 
	 	 	 	For the purposes of this rule, a Participant is not treated as ceasing to be an employee of
any Member of the Group until he ceases to be an employee of all Members of the Group.

	5	 	Variations in share capital, demergers and special distributions

	 	5.1	 	Adjustment of Awards If there is:

	 	5.1.1	 	a variation in the equity share capital of the Company, including a
capitalisation or rights issue, sub-division, consolidation or reduction of share
capital; or
	 
	 	5.1.2	 	a demerger (in whatever form) or exempt distribution by virtue of applicable
taxation legislation; or
	 
	 	5.1.3	 	a special dividend or distribution; or
	 
	 	5.1.4	 	any other event that the Committee deems appropriate for consideration for an
adjustment of the Award

	 	 	 	the Committee may, at its discretion, make an appropriate adjustment to the number or class
of Shares comprised in an Award or to make a further Award of Shares if deemed appropriate.
The Committee may also, at its discretion, accelerate vesting of any or all Awards should it
deem this more appropriate given the circumstances.

	 	5.2	 	Notice
	 
	 	 	 	The Company shall notify Participants of any adjustment made under this Rule 5.

	6	 	Takeovers and restructurings

	 	6.1	 	Takeovers
	 
	 	 	 	Where a person (or a group of persons acting in concert) obtains Control of the Company as
a result of making an offer to acquire Shares, unless the Directors decide otherwise, the
Bonus Deferral Award and the Company Contributed Award, as appropriate, Vest entirely with
no pro rata reduction on the date thereof.

17 March 2009

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	 	6.2	 	Schemes of arrangement
	 
	 	 	 	When a court sanctions a compromise or arrangement in connection with the acquisition of
Shares, unless the Directors decide otherwise, the Bonus Deferral Award and the Company
Contributed Award, as appropriate, Vest entirely with no pro rata reduction on the date
thereof. This rule applies to a court sanction under applicable corporate legislation.
	 
	 	6.3	 	An Award will not Vest under Rule 6.2 but may be exchanged under Rule 7 (Exchange of
Awards) to the extent that:

	 	(i)	 	an offer to exchange the Award is made to and accepted by a Participant;
or
	 
	 	(ii)	 	the Directors, with the consent of the Acquiring Company, decide before
court sanction that the Award will be automatically exchanged.

	 	6.4	 	Internal re-organisation
	 
	 	 	 	In the event of an Internal Reorganisation, unless the Committee otherwise determines, an
existing Award shall not Vest in accordance with this Rule 6 but with the agreement of the
Acquiring Company shall be automatically released in consideration for the grant of a new
Award in accordance with Rule 7.
	 
	 	6.5	 	Directors
	 
	 	 	 	In this Rule 6, “Directors” means those people who were members of Committee immediately
before the change of Control.

	7	 	Exchange of Awards

	 	7.1	 	Timing of exchange
	 
	 	 	 	Where an Award is to be exchanged under Rule 6 (Takeovers and restructurings) the exchange
will take place as soon as practicable after the relevant event.
	 
	 	7.2	 	Exchange terms
	 
	 	 	 	Where a Participant is granted a new award in exchange for an existing Award, the new Award:

	 	7.2.1	 	must confer a right to acquire shares in the Acquiring Company or another body
corporate determined by the Acquiring Company;
	 
	 	7.2.2	 	must be equivalent to the existing Award in terms of making the Participant no
worse off than before the exchange.

	 	7.3	 	Other Listed Group
	 
	 	 	 	Where a Participant’s employment is transferred to the Other Listed Group prior to Vesting,
or the Participant’s employing company or undertaking is transferred to the Other Listed
Group prior to Vesting, the Committee may make such changes to his Awards to the extent
permitted by law and to the extent reasonably practicable, with the intention that the
affected Participants are, as a whole, in materially the same position (or as close as
possible to materially the same position) as if the Awards had been initially granted to the
affected Participants under the equivalent plan of the Other Listed Group, provided that

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	 	 	 	nothing in this clause imposes any obligation on the Group or the Other Listed Group to
incur any material expense or liability. Without limiting the foregoing, this may include
a decision by the Committee that the Awards initially granted to the affected Participants
lapse and be replaced by new awards issued under the other plan, on terms as if they had
originally been issued to the Participants under the other plan.

	8	 	General

	 	8.1	 	Terms of employment

	 	8.1.1	 	For the purposes of this rule, “Employee” means any employee of a Member of
the Group.
	 
	 	8.1.2	 	This rule applies during an Employee’s employment and after the termination of
an Employee’s employment, whether or not the termination is lawful.
	 
	 	8.1.3	 	Nothing in the rules or the operation of the Plan forms part of the contract
of employment of an Employee. The rights and obligations arising from the employment
relationship between the Employee and the Company are separate from, and are not
affected by, the Plan. Participation in the Plan does not create any right to, or
expectation of, continued employment.
	 
	 	8.1.4	 	No employee has a right to participate in the Plan. Participation in the Plan
or the grant of Awards on a particular basis in any year does not create any right to
or expectation of participation in the Plan or the grant of Awards on the same basis,
or at all, in any future year.
	 
	 	8.1.5	 	The terms of the Plan do not entitle the Employee to the exercise of any
discretion in his favour.
	 
	 	8.1.6	 	Nothing in this Plan confers any benefit, right or expectation on a person who
is not an Employee.

	 	8.2	 	Committee’s decisions final and binding
	 
	 	 	 	The decision of the Committee on the interpretation of the Plan or in any dispute relating
to an Award or matter relating to the Plan will be final and conclusive.
	 
	 	8.3	 	Employee trust
	 
	 	 	 	The Company and any Subsidiary may provide money to the trustee of any trust or any other
person to enable them or him to acquire Shares to be held for the purposes of the Plan, or
enter into any guarantee or indemnity for those purposes, to the extent permitted by law and
the Committee may make such changes to these rules, or make additional rules, as required to
facilitate the use of any such arrangement. Funds provided for the purposes of the Plan
must only be used for Awards to employees of Members of the Group.
	 
	 	8.4	 	Consents
	 
	 	 	 	All transfers of Shares will be subject to any necessary consents under any relevant
enactments or regulations for the time being in force in relevant jurisdictions. The
Participant will be responsible for complying with any requirements he needs to fulfil in
order to obtain or avoid the necessity for any such consent.

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	 	8.5	 	Data protection
	 
	 	 	 	By participating in the Plan the Participant consents to the holding and processing of
personal data provided by the Participant to any Member of the Group, trustee or third party
service provider, for all purposes relating to the operation of the Plan. These include, but
are not limited to:

	 	8.5.1	 	administering and maintaining Participant records;
	 
	 	8.5.2	 	providing information to Members of the Group, Rio Tinto Limited and its
subsidiaries, trustees of any employee benefit trust, registrars, brokers or third
party administrators of the Plan;
	 
	 	8.5.3	 	providing information to future purchasers of the Company or the business in
which the Participant works;
	 
	 	8.5.4	 	transferring information about the Participant to a country or territory
outside the European Economic Area that may not provide the same statutory protection
for the information as the Participant’s home country.

	 	8.6	 	Overriding restrictions on transfer of Shares
	 
	 	 	 	Notwithstanding any term or condition of this Plan, Shares subject to an Award may not be
assigned, acquired, transferred, issued or dealt with under this Plan if to do so would
contravene any applicable laws, regulations or listing rules or where the compliance with
any applicable law, regulation or listing rule would be unduly onerous or impractical. In
addition, these rules (including the exercise of any discretions) are subject to all
applicable laws, regulations and listing rules.
	 
	 	8.7	 	No duplication
	 
	 	 	 	If for any reason the 2008 Bonus that was intended to be deferred is nevertheless paid in
whole or in part to a Participant, a corresponding amount of the Participant’s Awards under
the Plan will be forfeited.
	 
	 	8.8	 	Changing the Plan
	 
	 	 	 	Subject to applicable corporate and securities legislation, the Committee has power to make
such alterations, variations, insertions, deletions or modifications to all or any part of
the Plan as the Committee thinks fit.

	9	 	Governing law and jurisdiction
	 
	 	 	English law governs the Plan and all Awards and their construction. The English Courts have
non-exclusive jurisdiction in respect of disputes arising under or in connection with the
Plan or any Award.

	10	 	Definitions
	 
	 	 	In these rules:
	 
	 	 	“2008 Bonus” means all amounts granted to an employee of the Group as a bonus in respect of
the period from 1 January 2008 to 31 December 2008;
	 
	 	 	“Acquiring Company” means a person or legal entity who obtains Control of the Company;

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	 	 	 	“Additional Shares” means the number of Shares included in an Award as determined under Rule
1.5;
	 
	 	 	 	“Average Share Price” has the meaning given in Rule 1.3;
	 
	 	 	 	“Award” means a Bonus Deferral Award and/or a Company Contributed Award, as appropriate;
	 
	 	 	 	“Bonus Deferral Award” has the meaning given in Rule 1.3;
	 
	 	 	 	“Committee” means the Remuneration Committee of the Rio Tinto plc Board of Directors;
	 
	 	 	 	“Company” means Rio Tinto plc;
	 
	 	 	 	“Company Contributed Award” has the meaning given in Rule 1.3
	 
	 	 	 	“Control” has the meaning given to it by Section 840 of the Income and Corporation
Taxes Act 1988;
	 
	 	 	 	“Dealing Restrictions” means restrictions on the grant of an Award, the Vesting of Shares or
other dealings with Shares imposed by any applicable regulation or listing rule;
	 
	 	 	 	“Directors” means, subject to Rule 6.5 (Directors), the board of directors of the Company or
a duly authorised committee;
	 
	 	 	 	“Dividends” means dividends on Shares (excluding any non-ordinary dividend which the
Committee determines should be excluded) the record date for which was within the period
between the date of grant of the Award and the day before the date on which the Award Vests
for the relevant Participant (both inclusive), excluding any imputed or associated tax
credits rebates;
	 
	 	 	 	“Group” means:

	 	(i)	 	the Company; and
	 
	 	(ii)	 	its Subsidiaries from time to time; and
	 
	 	(iii)	 	any other company which is associated with the Company and is so designated by
the Directors;

	 	 	 	and “Member of the Group” shall be construed accordingly;
	 
	 	 	 	“Internal Reorganisation” means any event, scheme or arrangement whereby an Acquiring
Company obtains Control of the Company and immediately afterwards all or substantially all
of the issued equity share capital of the Acquiring Company is owned directly or indirectly
by persons who had Control of the Company immediately prior to such event, scheme or
arrangement;
	 
	 	 	 	“Other Listed Group” means Rio Tinto Limited and its Subsidiaries;
	 
	 	 	 	“Participant” means a person holding an Award or his personal representatives;
	 
	 	 	 	“Plan” means these rules known as “The Rio Tinto 2008 Bonus Deferral Plan”, including as it
may be modified from time to time;
	 
	 	 	 	“Shares” means fully paid ordinary shares in the capital of the Company;
	 
	 	 	 	“Subsidiary” means a company which is a subsidiary of the Company within the meaning of
Section 1159 of the Companies Act 2006.

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	 	 	 	“Vesting” in relation to an Award, means a Participant becoming entitled to have the Shares
transferred or issued in cash or Shares, subject to these rules and “Vest” shall be
construed accordingly;
	 
	 	 	 	“Vesting Date” means, as appropriate, either 31 December 2010 and/or 31 December 2011
being the date at which time the service condition is satisfied.

17 March 2009

9EXHIBIT 4.16

Exhibit 4.16

RIO TINTO PLC

United States Annex to the Rules of the Rio Tinto 2008 Bonus Deferral Plan

Whereas the Remuneration Committee of the Board of Directors of Rio Tinto (the “Committee”) at its
meetings of 3 February and 17 March 2009 determined that, because of the challenging economic times
with which the company was faced, that 2008 Short Term Incentive Plan (“STIP”) bonus payouts
becoming due to senior employees in Band C level and above would be affected;

Whereas, in particular in relation to the Executive Directors and the Product Group Chief
Executives, the Committee was of the opinion that the STIP payouts must be either cancelled or
deferred;

Whereas, accordingly, the Committee adopted the Rio Tinto 2008 Bonus Deferral Plan (the “Plan”)
governing the deferral of STIP payouts, subject to the adoption of certain provisions relating to
Participants who are subject to the application of Section 409A of the United States Internal
Revenue Code (the “US Participants”); and

Whereas, further to the authority given by the Committee, the present Annex modifies the Rules of
the Plan as they apply to US Participants.

	1.	 	Except as otherwise may be indicated, the Definitions contained in the Plan shall apply to
this Annex.

	2.	 	Rule 4.2.1 of the Plan shall not apply to US Participants, and the following text shall
instead apply to US Participants:

4.2.1 If a Participant ceases to be an employee of any Member of the Group prior to the
Vesting Date for any of the reasons set out below, then i) the Bonus Deferral Award will
Vest with no pro rata reduction and ii) any Company Contributed Award will Vest pro rata
based on service from 1 January 2009 to the date that employment ceases as a proportion of
the total possible service applicable to the Award or portion of the Award from 1 January
2009 to the applicable Vesting Date. The reasons are:

	 	(i)	 	Disability;
	 
	 	(ii)	 	retirement;
	 
	 	(iii)	 	the Participant’s employing company ceasing to be under the Control of the Company;
	 
	 	(iv)	 	a transfer of the undertaking, or the part of the undertaking, in which
the Participant works to a person which is neither under the Control of the
Company nor a Member of the Group or the Other Listed Group;
	 
	 	(v)	 	Involuntary separation from service; or
	 
	 	(vi)	 	Death.

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For the purposes of the foregoing:

(1) ‘Group’ (in addition to the definition in the Plan) shall include any entity included
with the Company in a controlled group of corporations or trades or businesses under common
control within the meaning of U.S. Internal Revenue Code §414(b) or §414(c), an affiliated
service group within the meaning of Code §414(n), or any other entity required to be
aggregated with the Company under Code §414(o); for all purposes under this Plan, in
applying Code §1563(a)(1), (2) and (3) for purposes of determining the Company’s affiliates
under Code §414(b), the language “at least 80%” shall be applied as it appears in those
sections, and in applying U.S. Treas. Reg. §1.414(c)-2 for purposes of determining trades
or business (whether or not incorporated) that are under common control for purposes of
Code §414(c), the language “at least 80%” shall be used as it appears in such regulation.

(2) ‘Disability’ means the Participant is unable to engage in any substantial gainful
activity by reason of any medically determinable physical or mental impairment that can be
expected to result in death or can be expected to last for a continuous period of not less
than 12 months; the Participant is, by reason of any medically determinable physical or
mental impairment that can be expected to result in death or can be expected to last for a
continuous period of not less than 12 months, receiving income replacement benefits for a
period of not less than three months under an accident and health plan covering employees
of some or all of the Group, or the Participant is determined to be totally disabled by
the U.S. Social Security Administration.

(3) ‘Involuntary separation from service’ occurs as of a specified date if the facts and
circumstances indicate, because the Participant’s employment is terminated for reasons
other than cause, that (1) the Participant will perform no further services after that date
for the Group, or (2) the level of bona fide services that the Participant would perform
after that date would permanently decrease to 20% or less of the average level of bona fide
services over the immediately preceding 36-month period (or the full period of such
services, if less than 36 months).

Any portion of an Award that does not Vest in accordance with this rule shall lapse and for
the avoidance of doubt Rule 1.5 (Dividend Equivalent) shall only apply to the portion that
has Vested.

Where a Participant’s employment is transferred to the Other Listed Group prior to Vesting,
Rule 7.3 (Other Listed Group) will apply.

	3.	 	Except as modified by the terms of this Annex for US Participants, the Plan remains in full
force and effect.

***

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