Document:

EXHIBIT 10.2

  
 Exhibit 10.2

  
 RESTRICTED SHARE AGREEMENT 
  
 RESTRICTED SHARE AGREEMENT (this “Agreement”), entered into
as of [                ], between Intelsat Holdings, Ltd. (the “Company”), and
[            ] (the “Employee”); 
  
 WHEREAS, the Employee has agreed to perform services for the Company or one or more of its Subsidiaries (the “Employer”); and 

 
 WHEREAS, in consideration for such services, the Company desires to grant
the Employee restricted Shares (the “Restricted Shares”); 
  
 NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth and for other good and valuable consideration, the parties hereto do hereby agree as follows: 
  

	1.	Capitalized Terms. Capitalized terms not defined herein shall have the meaning ascribed to such terms in the Company’s 2005 Share Incentive Plan (the
“Plan”). 

  

	2.	Grant. The Employee is hereby granted, effective as of the Closing and subject to the terms and conditions of this Agreement, [    ] Restricted Shares.
The Employee acknowledges that the Restricted Shares will be subject to the terms and conditions set forth in this Agreement and shall be subject to a substantial risk of forfeiture and restrictions on transferability. 

  

	3.	Equity Plan. The Restricted Shares and this Agreement shall be subject to the terms of the Plan, to the extent the terms of such Plan are not inconsistent with the terms of
this Agreement. In the event of any inconsistency between the terms of the Plan and the terms of this Agreement, this Agreement shall govern. 

  

	4.	Vesting. So long as the Employee becomes a party to the Shareholders Agreement with respect to any Restricted Shares: 

  

	 	(a)	Time-Vesting Shares. 50 percent of the Restricted Shares (the “Time-Vesting Shares”) shall vest over sixty months with 7/60 of the Time Vesting Shares
vesting on August 1, 2005 and the remainder of the Time Vesting Shares vesting in fifty-three equal monthly installments of 1/60 of the Time Vesting Shares per month commencing on September 1, 2005, subject to the Employee’s continued
employment on the date of vesting and to Section 5 below. 

  

	 	(b)	 Performance Shares. Up to an additional 50 percent of the Restricted Shares (the “Performance Shares”) shall vest if and when the Investors
have received (determined in accordance with Section 4(b)(i) and (ii) hereof) a Cumulative Total Return between 2.5 to 3 times the amount invested by the Investors collectively prior to the eighth anniversary of the Closing, subject to the
Employee’s continued employment as of the date, if any, that such Cumulative Total Return is reached and to Section 5 below. If the Performance Shares remain outstanding but not yet vested as of the eighth anniversary of the Closing, they shall
be forfeited 

  

	 	 
upon such anniversary. The amount of Performance Shares that vest shall be calculated as follows: 

  
 (i) The Committee shall determine from time to time whether the Investors
have received a Cumulative Total Return equal to or exceeding 2.5 times the amount invested by the Investors. If at any time prior to the eighth anniversary of the Closing, the Cumulative Total Return received by the Investors equals: 
  
 (A) 2.5 times the amount invested by the Investors
collectively, then 1 Performance Share shall vest; 
  
 (B) an amount greater than 2.5 times and less than 3 times the amount invested by the Investors collectively, then the number of Performance Shares which shall vest shall be interpolated on a straight line basis and rounded to the nearest
whole share; and 
  
 (C) 3 times the amount
invested by the Investors collectively, then all of the Performance Shares shall vest. 
  
 (ii) If, following each such determination pursuant to clause (i) above, resulting in vesting of Performance Shares, but prior to the eighth anniversary of the Closing Date, the Cumulative Total Return received by the
Investors equals or exceeds the highest previous determined multiple of the amount invested by the Investors, a number of additional Performance Shares will vest equal to 
  
 (A) the number of Performance Shares that would have vested pursuant to clause 4(b)(i) above had such higher
multiple been used, minus 
  
 (B) the number of
Performance Shares previously vested. 
  
 Notwithstanding the
foregoing, no additional Performance Shares shall vest after all Performance Shares referred to in Section 4(b)(i) have vested, and upon a corporate transaction in which all of the shares of common stock of the Company and shares of Series A 9.75
preferred stock of the Company are converted into the right to receive cash, Cumulative Total Return shall be finally determined and there shall be no further opportunity to vest in Performance Shares. 
  

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	5.	Termination of Employment. 

  

	 	(a)	Termination without Cause. In the event of the Employee’s Termination of Employment by the Employer without Cause, subject to the Employee’s continued compliance
with any post-termination obligations of the Employee to the Company and its Affiliates (including any obligations pursuant to any employment, severance or termination arrangement): 

  

	 	(i)	Time Vested Shares. Any unvested Time-Vesting Shares (and the related cash dividends and proceeds thereof held by the Company in accordance with Section 7 hereof
(“Custodial Dividends”), if any, with respect to such Shares which have not vested at the time of the dividend payment) shall be forfeited as of the date of termination; provided, that if the Termination of Employment without
Cause occurs within the six-month period after a Change of Control, all unvested Time-Vesting Shares (and the related Custodial Dividends, if any, with respect to such Shares which have not vested at the time of the dividend payment) shall vest as
of the date of termination. 

  

	 	(ii)	Performance Shares. If the Performance Shares (and the related Custodial Dividends, if any, with respect to such Shares which have not vested at the time of the dividend
payment) are not vested as of the date of the Employee’s Termination of Employment by the Company without Cause, they shall remain outstanding until the 180th day following the date of termination, and if still unvested as of such day, shall be forfeited; provided, that in the event that such termination is within six months following a merger of the
Company with or into, an acquisition by the Company of, or an acquisition of the Company by, any of the entities set forth on Exhibit A of this Agreement or any transaction involving the Company’s Subsidiaries to effectuate the
foregoing, the Performance Shares (and the related Custodial Dividends paid, if any, with respect to such Shares which have not vested at the time of the dividend payment) will remain outstanding and if the Investors receive a Cumulative Total
Return equal to or in excess of 2.5 times the amount invested by the Investors collectively prior to the eighth anniversary of the Closing, the Employee will vest in a number of Performance Shares (and the related Custodial Dividends paid, if any,
with respect to such Shares which have not vested at the time of the dividend payment), and at the dates of determination referred to in Section 4(b)(i) and (ii) above, equal to the difference between (1) the product of (x) the total number of
Performance Shares which would have been vested as of the date of the determination had the Employee remained employed through such date and (y) a fraction, the numerator of which is the period of time that the Employee was employed by an Employer
from the Closing and the denominator of which is the period of time from the Closing until the date of such determination, and (2) any Performance Shares that have already vested. All other Performance Shares (and the related Custodial Dividends
paid, if any, with respect to such Shares which have not vested at the time of the dividend payment) will be forfeited. If the Performance Shares (and the related Custodial Dividends paid, if any, with respect to such Shares which have not vested at
the time of the dividend payment) remain outstanding but not yet vested as of the eighth anniversary of the Closing, they shall be forfeited. 

  

	 	(iii)	 Repurchase Right. Subject to Section 6 hereof, any Common Stock held by the Employee as a result of the vesting of Restricted Shares may be repurchased

  

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by the Company at any time during the two-year period following (x) the date of Termination of Employment in the event such shares of Common Stock were
vested as of such termination and (y) the vesting of Common Stock in the event such vesting occurred after the date of Termination of Employment, each at a price per share equal to the Fair Market Value of such share as of the date of such
Termination of Employment, provided, that the repurchase price for Common Stock vesting after Termination of Employment shall be the Fair Market Value of such share on the date of the applicable vesting event. 

  

	 	(b)	Resignation by the Employee. In the event of the Employee’s Termination of Employment by resignation, all unvested Restricted Shares shall be immediately forfeited. Any
Common Stock held by the Employee as a result of the vesting of Restricted Shares may be repurchased by the Company at any time following (x) the date of Termination of Employment in the event such shares of Common Stock were vested as of such
termination and (y) the vesting of shares of Common Stock in the event such vesting occurred after the date of Termination of Employment at a purchase price per share equal to the lesser of (i) the Fair Market Value of such share on the date of such
termination, or (ii) (x) the Fair Market Value of such share on the date of the Closing minus (y) the value of any dividends, distributions, or dividend equivalents previously paid to the Employee in respect of such share (subject to equitable
adjustment in the Committee’s discretion to reflect dividends, distributions, corporate transactions, or similar events, to the extent not reflected in (y)) but in no event less than the par value of such share. 

  

	 	(c)	Death and Disability. 

  

	 	(i)	 Treatment. In the event of the Employee’s Termination of Employment by reason of the Employee’s death or Disability, any Time-Vesting Shares (and
the related Custodial Dividends paid, if any, with respect to such Shares which have not vested at the time of the dividend payment) that are not vested as of the date of death or Disability shall vest as of the date of death or Termination of
Employment due to Disability. If the Performance Shares (and the related Custodial Dividends paid, if any, with respect to such Shares which have not vested at the time of the dividend payment) are not vested as of the date of death or of
Termination of Employment due to Disability, the Performance Shares (and the related Custodial Dividends paid, if any, with respect to such Shares which have not vested at the time of the dividend payment) will remain outstanding and if the
Investors receive a Cumulative Total Return equal to or in excess of 2.5 times the amount invested by the Investors collectively prior to the eighth anniversary of the Closing, the Employee will vest in a number of Performance Shares (and the
related Custodial Dividends paid, if any, with respect to such Shares which have not vested at the time of the dividend payment), and at the dates of determination referred to in Section 4(b)(i) and (ii) above, equal to the difference between (1)
the product of (x) the 

  

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total number of Performance Shares which would have been vested as of the date of the determination had the Employee remained employed through such date and
(y) a fraction, the numerator of which is the period of time that the Employee was employed by an Employer from the Closing and the denominator of which is the period of time from the Closing until the date of such determination, and (2) any
Performance Shares that already vested. All other Performance Shares (and the related Custodial Dividends paid, if any, with respect to such Shares which have not vested at the time of the dividend payment) will be forfeited. If the Performance
Shares (and the related Custodial Dividends paid, if any, with respect to such Shares which have not vested at the time of the dividend payment) remain outstanding but not yet vested as of the eighth anniversary of the Closing, they shall be
forfeited. Notwithstanding the foregoing, the Committee, in its sole discretion, may permit the vesting of any Performance Shares that are not vested as of the date of termination. 

  

	 	(ii)	Repurchase of Vested Shares. Subject to Section 6 hereof, following the Termination of Employment due to death or Disability described above, any Common Stock held by the
Employee as a result of the vesting of Restricted Shares may be repurchased by the Company at any time during the two-year period following (x) the date of Termination of Employment in the event such shares of Common Stock were vested as of such
termination and (y) the vesting of shares of Common Stock in the event such vesting occurred after the date of Termination of Employment at a price per share equal to the Fair Market Value of such share on the date of such termination,
provided, that the repurchase price for shares of Common Stock vesting after Termination of Employment shall be the Fair Market Value of such share on the date of the applicable vesting event. 

  

	 	(e)	Termination for Cause. In the event of the Employee’s Termination of Employment by the Employer for Cause, all Restricted Shares (and the related Custodial Dividends
paid, if any, with respect to such Shares which have not vested at the time of the dividend payment) that have not yet been vested (or paid, as applicable) as of the date of termination, shall be forfeited as of the date of termination and from and
after the date of such termination, the Company may repurchase any or all of such shares of Common Stock held by the Employee as a result of the vesting of Restricted Shares for a per share purchase price equal to the par value of such share.

  

	6.	 Restrictions. In order to receive any grant hereunder, the Employee must be or become a party to the Shareholders Agreement and must execute the proxy
attached hereto as Exhibit B of this Agreement. No portion of the Restricted Shares or rights granted hereunder may be sold, transferred, assigned, pledged or otherwise encumbered or disposed of by the Employee until such portion of the
Restricted Shares becomes vested in accordance with Section 4 of this Agreement, and any purported sale, transfer, assignment, pledge, encumbrance or disposition shall be void and unenforceable against the Company. After the time that any portion of
the Restricted Shares becomes vested, the transferability 

  

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of such portion of such shares shall be governed by the Shareholders Agreement. Notwithstanding anything to the contrary in Section 5 hereof, in the event
that the Employee has transferred any Common Stock that was held by the Employee as a result of vesting of Restricted Shares to a person or entity other than a Family Member of such Employee or a grantor trust or similar entity for the benefit of
such Employee’s Family Member, and such transfer was in accordance with the terms of the Shareholders Agreement, the Company shall not have the right to repurchase such transferred shares. Any transferee of Shares from the Employee (and any
subsequent transferee) shall be required to execute the proxy attached hereto as Exhibit B of this Agreement and become a party to the Shareholders Agreement. 

  

	7.	Employee Shareholder Rights. Prior to the date on which the Restricted Shares vest, except as otherwise set forth herein, in the Plan or in the proxy executed by the
Employee, the Employee shall have all rights of a shareholder with respect to the Restricted Shares. Notwithstanding the foregoing, cash dividends, if any, paid with respect to any Restricted Shares which have not vested at the time of the dividend
payment shall be paid to and held in the custody of the Company, shall accrue interest at the lesser of the interest rate applicable to the primary revolving credit agreement of the Company or its Subsidiaries, as in effect from time to time, or 5%
compound interest per annum, and shall be subject to the same restrictions that apply to the corresponding Restricted Shares. At such time as any Restricted Share vests (or, at the Company’s election, on the next regular quarterly dividend
date), any such Custodial Dividends held by the Company (including any interest thereon payable in accordance with this Section 7) with respect to such vested share shall be paid to the Employee. Following the date upon which the Restricted Shares
vest, all sales, transfers, assignments, pledges or other encumbrances and dispositions shall be subject to the terms of the Shareholders Agreement. 

  

	8.	Changes in Stock. In the event of any stock split, reverse stock split, dividend, merger, consolidation, recapitalization or similar event affecting the capital structure of
the Parent, the number and kind of shares (or other property, including without limitation cash) subject to this Agreement shall be equitably adjusted by the Committee to prevent the dilution or enlargement of the value of the Employee’s
Restricted Shares (taking into account any related Custodial Dividends). Notwithstanding anything in this Agreement to the contrary, upon a corporate transaction in which all of the shares of Common Stock and Preferred Shares are converted into the
right to receive cash, Cumulative Total Return shall be finally determined and there shall be no further opportunity to vest in any Performance Shares. 

  

	9.	Taxes. No later than the date as of which an amount first becomes includible in the gross income of the Employee for federal income tax purposes with respect to any
Restricted Shares, the Employee shall pay to the Company, or make arrangements satisfactory to the Company regarding the payment of, all federal, state, local and foreign taxes that are required by applicable laws and regulations to be withheld with
respect to such amount, provided, that the Company may require the deduction of any such taxes from any payment otherwise due to the Employee, including the delivery of the Restricted Shares that gives rise to the withholding requirement.

  

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	10.	Notices. Any notices required or permitted hereunder shall be addressed to the Company at its corporate headquarters, attention: General Counsel, or to the Employee at the
address then on record with the Company, as the case may be, and deposited, postage prepaid, in the United States mail. Either party may, by notice to the other given in the manner aforesaid, change his/her or its address for future notices.

  

	11.	Governing Law. This Agreement shall be governed by and construed in accordance with the laws of Bermuda without regard to its conflict of laws principles.

  

	12.	Successor. This Agreement shall bind and inure to the benefit of the Company, its successors and assigns, and the Employee and his or her personal representatives and
assigns. 

  

	13.	Amendment. In addition to any right of the Committee to amend or modify the terms of the Restricted Stock as set forth in the Plan, this Agreement may be amended or modified
at any time by an instrument in writing signed by the parties hereto. 

  

	14.	Laws and Regulations. No shares of Common Stock shall be issued under this Agreement unless and until all legal requirements applicable to the issuance of such shares have
been complied with to the satisfaction of the Committee. The Committee shall have the right to condition any issuance of shares of Common Stock to the Employee hereunder on the Employee’s undertaking in writing to comply with such restrictions
on the subsequent disposition of such shares as the Committee shall deem necessary or advisable as a result of any applicable law or regulation. 

  

	15.	Miscellaneous. 

  

	 	(a)	The Company shall not be required (i) to transfer on its books any Restricted Shares which shall have been sold or transferred in violation of any of the provisions set forth in
this Agreement, the Plan or the Shareholders Agreement or (ii) to treat as owner of such shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such shares shall have been so transferred.

  

	 	(b)	This Agreement shall not be construed so as to grant the Employee any right to remain in the employ of the Company or any Subsidiary. 

  

	 	(c)	This Agreement may be executed in counterparts, which together shall constitute one and the same original. 

  

	 	(d)	This Agreement, the Shareholders Agreement and the Plan set forth the entire understanding and agreement of the Employee and the Company (or any Employer) with respect to Restricted
Shares of the Company granted on or prior to the date hereof, and supersede any and all other understandings, commitments, term sheets, negotiations or agreements of or between the Employee and the Company (or any Employer) relating to restricted
shares of the Company. 

  

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 IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by its officer thereunder
duly authorized and the Employee has hereunto set his hand, all as of the day and year first set forth above. 
  

	
	 INTELSAT HOLDINGS, LTD.

	
	 
	 Name:

	 Title:

  
 ACCEPTED: 
  
 The undersigned hereby acknowledges having read this
Restricted Share Agreement and, having had the opportunity to consult with legal and tax advisors, hereby agrees to be bound by all provisions set forth herein. 
  

	
	
	 
	 Employee

  

  
 Exhibit
A 
  
 New Skies 
 PanAm Sat 
 Eutelsat 
 SES Global

  

  
 Exhibit
B 
  
 Intelsat Holdings, Ltd. 
 Shareholder’s Proxy 
  
 By this irrevocable proxy, the undersigned,
                     (the “Grantor”) as the holder of shares in Intelsat Holdings, Ltd. (the “Company”) HEREBY
APPOINT(S) Andrew Africk, failing whom, R. Allen Haight, failing whom, James Perry and failing whom Andrew Sillitoe, and each of them to be the agent and standing proxy of the undersigned to represent the undersigned and to vote on behalf of the
undersigned at any General Meeting of the Company and at any adjournment thereof and, on behalf of the undersigned, to consent to short notice of any such meeting, and, on behalf of the undersigned to execute any resolutions being written
resolutions in lieu of any general meeting of the Company. 
  
 Dated the                     day of
                    ,                     .

  

	
	
	 
	[Name of Shareholder]

  
 Signed by the
above Grantor 
 in the presence of: 
  

					
	 Witness Signature: –
	  	 	  	 
			
	 Witness Name (Print): –
	  	 	  	 
			
	 Witness Address (Print): –EXHIBIT 10.3

  
 INTELSAT HOLDINGS, LTD.

  
 BONUS PLAN 
  
 I. PURPOSE 
  
 The Intelsat Holdings, Ltd. Bonus Plan (the “Plan”), which shall be
effective as of May 6, 2005 (the “Effective Date”), is designed to provide to selected officers and employees of Intelsat Holdings, Ltd. (the “Company”) and its direct and indirect subsidiaries
(“Subsidiaries”) incentives linked to the financial results of the Company and its Subsidiaries. 
  
 II. DEFINITIONS 
  
 Section 2.1 “Board” shall mean the Board of Directors of the Company. 
  
 Section 2.2 “Bonus” shall mean an award payable to a Participant pursuant to the terms of the Plan. 
  
 Section 2.3 “Compensation Committee” shall mean the
compensation committee of the Board, or if there is no such committee, the Board. 
  
 Section 2.4 “Participants” shall mean officers and employees of the Company and its Subsidiaries who are selected by the Committee to participate in the Plan. 
  
 Section 2.5 “Payment Date” shall mean the date designated by
the Compensation Committee for payment at the time that the Compensation Committee awards a Bonus, which, unless otherwise determined by the Compensation Committee, shall be no later than March 15 of the fiscal year following the fiscal year with
respect to which the Bonus is earned. 
  

 III. ADMINISTRATION 
  
 The Plan shall be administered by the Compensation Committee. The Compensation Committee may delegate authority to one or
more senior executives of the Company or its Subsidiaries to administer the Plan for Participants (other than for Participants who are senior executives of the Company or its Subsidiaries), subject to such terms and conditions or parameters which
the Compensation Committee may preserve. The Compensation Committee shall have full power and authority to administer and interpret the Plan and to adopt such rules, regulations, agreements, guidelines and instruments for the administration of the
Plan as the Compensation Committee deems necessary, desirable or appropriate. All actions taken and decisions and determinations made by the Compensation Committee or a delegate on all matters relating to the Plan pursuant to the powers vested in it
hereunder shall be in the Compensation Committee’s or its delegate’s sole and absolute discretion and shall be conclusive and binding on all parties concerned, including the Company and its subsidiaries, its shareholders, any Participants
and any other employee of the Company, and their respective successors in interest. To the maximum extent permitted by law, no member of the Compensation Committee or the Board (or any delegate) shall be liable for any action taken or decision made
in good faith relating to the Plan or any Bonus granted hereunder. To the full extent permitted by law, the Company shall indemnify and hold harmless each member of the Compensation Committee or the Board (or any delegate) made or threatened to be
made a party to any civil or criminal action or proceeding by reason of the fact that such person, or such person’s testator or intestate, is or was a member of the Committee (or acted under the Plan pursuant to this Article III). 

 

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 IV. ELIGIBILITY 
  
 The Compensation Committee shall, in its sole discretion, select for each fiscal year the officers and employees of the
Company and its subsidiaries who will be Participants in the Plan for such fiscal year based upon such officers’ and employees’ opportunity, in the sole discretion of the Compensation Committee, to impact on the Company’s or its
subsidiaries’ performance. Nothing in the Plan shall be construed as or be evidence of any contract of employment with any Participant for a term of any length nor shall participation in the Plan in any year by any Participant require continued
participation by such Participant in any subsequent year. Neither the adoption of the Plan nor the designation of an employee as a Participant shall confer upon any employee any right to continued employment nor shall it interfere in any way with
the right of the Company or its subsidiaries to terminate the employment of any employee at any time. 
  
 V. DETERMINATION OF BONUS 
  
 The form, timing and amount of each Bonus awarded to a Participant shall be determined by and in the sole discretion of the Compensation Committee. The Compensation Committee may condition the earning of a Bonus upon
such goals, factors or criteria as may be approved by the Compensation Committee from time to time, which goals, factors or criteria may be different for each Participant. The Compensation Committee may, in its sole discretion, increase or decrease
the amount of any Bonus payable to a Participant and may award Bonuses to Participants even though the Bonuses are not earned. Bonuses earned or otherwise awarded will be paid on the Payment Date and will be paid in cash unless otherwise determined
by the Compensation Committee. The Company or its subsidiaries shall be entitled to withhold from 

  

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any payments under the Plan any and all Federal, state, local or foreign taxes of any kind required by law to be withheld with respect to such amount.

  
 VI. TERMINATION OF EMPLOYMENT 
  
 In the event that a Participant’s employment with the Company or any of
its subsidiaries terminates for any reason prior to the Payment Date with respect to any Bonus, the balance of any Bonus which remains unpaid at the time of such termination shall be payable to the Participant, or forfeited by the Participant, in
accordance with the terms of the award established by the Compensation Committee at the time of grant or thereafter, or pursuant to any individual agreement applicable to such Participant. 
  
 VII. AMENDMENT AND TERMINATION 
  
 The Board shall have the right in its sole discretion to modify or amend the
Plan from time to time or to terminate the Plan. 
  
 VIII.
MISCELLANEOUS 
  
 Section 8.1 Source of Payments.
Neither the Plan nor any Bonus shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or its subsidiaries and a Participant or any other person. To the extent that any Participant
or other person acquires a right to receive payments from the Company or any of its subsidiaries pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Company or the applicable subsidiary, and
none of the Company nor any of its subsidiaries shall have any obligation to segregate assets for payments under the Plan. 
  

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 Section 8.2. Other Arrangements. Nothing contained in the Plan shall prevent the Company and its
subsidiaries from adopting other or additional compensation arrangements for any of its employees. 
  
 Section 8.3 Governing Law. The Plan shall be governed by and construed in accordance with the laws of Bermuda, without regard to its principles of
conflict of laws and the Plan shall be subject to all applicable regulatory, governmental or other authorities. To the extent that any of the terms of the Plan shall contravene any such laws, the terms of the Plan shall be reformed to comply with
such laws in a manner that shall least affect the terms of the Plan. 
  
 Section 8.4 Company Governing Documents. This Plan is subject to the Memorandum of Association and Bye-Laws of the Company, as they may be amended from time to time. 
  
 Section 8.5 Headings. The headings of sections and subsections herein are included solely for convenience of
reference and shall not affect the meaning of any of the provisions of the Plan. 
  

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