Document:

1999 Trintech Group PLC U.S. Employee Share Purchase Plan, amended

 Exhibit 4.4 
 TRINTECH GROUP PLC 
 1999 EMPLOYEE SHARE PURCHASE PLAN 
 (Amended and Restated May 27, 2007) 
 The following constitute the provisions of the 1999 Employee Share Purchase Plan of Trintech Group Plc. 
 1.
Purpose. The purpose of the Plan is to provide employees of the Company and its Designated Subsidiaries with an opportunity to acquire Ordinary Shares of the Company through accumulated payroll deductions. It is the intention of the Company
to have the Plan qualify as an “Employee Share Purchase Plan” under Section 423 of the Internal Revenue Code of 1986, as amended. The provisions of the Plan, accordingly, shall be construed so as to extend and limit participation in a
manner consistent with the requirements of that section of the Code. 
 2. Definitions. 
 (a) “Board” shall mean the Board of Directors of the Company. 
 (b) “Code” shall mean the Internal Revenue Code of 1986, as amended. Any reference to a section of the Code herein will be a reference
to any successor or amended section of the Code. 
 (c) “Company” shall mean Trintech Group PLC. 
 (d) “Compensation” shall mean all base straight time gross earnings and commissions, but exclusive of payments for overtime, shift
premium, incentive compensation, incentive payments, bonuses and other compensation. 
 (e) “Designated Subsidiary” shall
mean any Subsidiary that has been designated by the Board from time to time in its sole discretion as eligible to participate in the Plan. 
 (f) “Employee” shall mean any individual who is a common law employee of an Employer for tax purposes whose customary employment with the Employer is at least twenty (20) hours per week and more than five
(5) months in any calendar year. For purposes of the Plan, the employment relationship shall be treated as continuing intact while the individual is on sick leave or other leave of absence approved by the Employer. Where the period of leave
exceeds 90 days and the individual’s right to reemployment is not guaranteed either by statute or by contract, the employment relationship shall be deemed to have terminated on the 91st day of such leave. The Board, in its discretion, from time
to time may, prior to an Enrollment Date for all options to be granted on such Enrollment Date, determine (on a uniform and nondiscriminatory basis) that the definition of Employee will or will not include an individual if he or she: (i) has
not completed at least two (2) years of service since his or her last hire date (or such lesser period of time as may be determined by the Board in its discretion), (ii) customarily works not more than twenty (20) hours per week (or
such lesser period of time as may be determined by the Board in its discretion), (iii) customarily works not more than five (5) months per calendar year (or such lesser period of time as may be determined by the Board in its discretion),
(iv) is an officer or other manager, or (v) is a highly compensated employee under Section 414(q) of the Code. 
 (g)
“Employer” means any one or all of the Company and its Designated Subsidiaries. 
 (h) “Enrollment Date”
shall mean the first Trading Day of each Offering Period. 
 (i) “Exercise Date” shall mean the last Trading Day of each
Offering Period. The Board, in its discretion, from time to time may, prior to an Enrollment Date for all options to be granted on such Enrollment Date, determine (on a uniform and nondiscriminatory basis) when the Exercise Date will occur during an
Offering Period. 

 (j) “Fair Market Value” shall mean, as of any date, the value of the Ordinary Shares
determined as follows: 
 (i) If the Ordinary Shares are listed on any established stock exchange or a national market system, including
without limitation the Nasdaq National Market or The Nasdaq SmallCap Market of The Nasdaq Stock Market, its Fair Market Value shall be the closing sales price for such stock (or the closing bid, if no sales were reported) as quoted on such exchange
or system for the last market Trading Day prior to the date of determination, as reported in The Wall Street Journal or such other source as the Board deems reliable; 
 (ii) If the Ordinary Shares are regularly quoted by a recognized securities dealer but selling prices are not reported, its Fair Market Value shall be
the mean of the closing bid and asked prices for the Ordinary Shares prior to the date of determination, as reported in The Wall Street Journal or such other source as the Board deems reliable; or 
 (iii) In the absence of an established market for the Ordinary Shares, the Fair Market Value thereof shall be determined in good faith by the Board;

 (k) “Offering Periods” shall mean the periods of approximately six (6) months during which an option granted
pursuant to the Plan may be exercised, commencing on (i) the first Trading Day on or after March 1 of each year and terminating on the last Trading Day in the Offering Period ending the following August 31, approximately six
(6) months later, and (ii) commencing on the first Trading Day on or after September 1 of each year and terminating on the last Trading Day in the Offering Period ending the following February 28 (or February 29, as
applicable) approximately six (6) months later. The duration and timing of Offering Periods may be changed pursuant to Sections 4 and 20 of this Plan. 
 (l) “Ordinary Shares” shall mean the ordinary shares of the Company. 
 (m)
“Plan” shall mean this 1999 Employee Share Purchase Plan. 
 (n) “Purchase Price” shall mean 85% of the
Fair Market Value of an Ordinary Share on the Enrollment Date or on the Exercise Date, whichever is lower; provided however, that in no event shall the Purchase Price be less than the par value of an Ordinary Share and, provided further, that the
Purchase Price may be adjusted by the Board pursuant to Section 20. 
 (o) “Reserves” shall mean the number of Ordinary
Shares covered by each option under the Plan which have not yet been exercised and the number of Ordinary Shares which have been authorized for issuance under the Plan but not yet placed under option. 
 (p) “Subsidiary” shall mean a corporation, domestic or foreign, of which not less than 50% of the voting shares are held by the Company
or a Subsidiary, whether or not such corporation now exists or is hereafter organized or acquired by the Company or a Subsidiary. 
 (q)
“Trading Day” shall mean a day on which national stock exchanges and the Nasdaq System are open for trading. 
 3.
Eligibility. 
 (a) Any Employee who shall be employed by the Employer on a given Enrollment Date shall be eligible to participate in
the Plan. 
 (b) Any provisions of the Plan to the contrary notwithstanding, no Employee shall be granted an option under the Plan
(i) to the extent that, immediately after the grant, such Employee (or any other person whose shares would be attributed to such Employee pursuant to Section 424(d) of the Code) would own issued capital shares of the Company or a
Subsidiary and/or hold outstanding options to acquire such shares possessing five percent (5%) or more of the total combined voting power or value of all classes of the capital shares of the Company or of any Subsidiary, or (ii) to the
extent that his or her rights to acquire shares under all employee share 

  

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purchase plans of the Company and its Subsidiaries accrues at a rate which exceeds Twenty-Five Thousand Dollars ($25,000) worth of shares (determined at the
fair market value of the shares at the time such option is granted) for each calendar year in which such option is outstanding at any time. 
 4. Offering Periods. The Plan shall be implemented by consecutive Offering Periods with a new Offering Period commencing on the first Trading Day on or after March 1 and September 1 each year, or on such other date as the
Board shall determine, and continuing thereafter until terminated in accordance with Section 20 hereof. The Board shall have the power to change the duration of Offering Periods (including the commencement dates thereof) with respect to future
offerings without shareholder approval if such change is announced at least five (5) days prior to the scheduled beginning of the first Offering Period to be affected thereafter. 
 5. Participation. 
 (a) An eligible
Employee may become a participant in the Plan by completing a subscription agreement authorizing payroll deductions in the form of Exhibit A to this Plan and filing it with the Company’s payroll office (or its designee) prior to the
applicable Enrollment Date. 
 (b) Payroll deductions for a participant shall commence on the first payroll following the Enrollment Date and
shall end on the last payroll in the Offering Period to which such authorization is applicable, unless sooner terminated by the participant as provided in Section 10 hereof. 
 6. Payroll Deductions. 
 (a) At the time a participant files his or her subscription agreement, he or
she shall elect to have payroll deductions made on each pay day during the Offering Period in an amount not exceeding fifteen percent (15%) of the Compensation which he or she receives on each pay day during the Offering Period. 
 (b) All payroll deductions made for a participant shall be credited to his or her account under the Plan and shall be withheld in whole percentages only.
A participant may not make any additional payments into such account. 
 (c) A participant may discontinue his or her participation in the
Plan as provided in Section 10 hereof, or may increase or decrease the rate of his or her payroll deductions during the Offering Period by completing or filing with the Company (or its designee) a new subscription agreement authorizing a change
in payroll deduction rate. The Board may, in its discretion, limit the number of participation rate changes during any Offering Period. The change in rate shall be effective with the first full payroll period following five (5) business days
after the Company’s (or its designee’s) receipt of the new subscription agreement unless the Company elects to process a given change in participation more quickly. A participant’s subscription agreement shall remain in effect for
successive Offering Periods unless terminated as provided in Section 10 hereof. 
 (d) Notwithstanding the foregoing, to the extent
necessary to comply with Section 423(b)(8) of the Code and Section 3(b) hereof, a participant’s payroll deductions may be decreased to zero percent (0%) at any time during a Offering Period. Payroll deductions shall recommence at the
rate provided in such participant’s subscription agreement at the beginning of the first Offering Period which is scheduled to end in the following calendar year, unless terminated by the participant as provided in Section 10 hereof.

 (e) At the time the option is exercised, in whole or in part, or at the time some or all of the Company’s Ordinary Shares issued
under the Plan is disposed of, the participant must make adequate provision for the Company’s or Employer’s federal, state, or other tax withholding obligations, if any, which arise upon the exercise of the option or the disposition of the
Ordinary Shares. At any time, the Company or the Employer may, but shall not be obligated to, withhold 

  

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from the participant’s compensation the amount necessary for the Company or the Employer to meet applicable withholding obligations, including any
withholding required to make available to the Company or the Employer any tax deductions or benefits attributable to sale or early disposition of Ordinary Shares by the Employee. 
 7. Grant of Option. On the Enrollment Date of each Offering Period, each eligible Employee participating in such Offering Period shall be granted
an option to acquire on the Exercise Date of such Offering Period (at the applicable Purchase Price) up to a number of shares of the Company’s Ordinary Shares determined by dividing such Employee’s payroll deductions accumulated prior to
such Exercise Date and retained in the Participant’s account as of the Exercise Date by the applicable Purchase Price; provided that in no event shall an Employee be permitted to acquire during each Offering Period more than 10,000 of the
Company’s Ordinary Shares (subject to any adjustment pursuant to Section 19), and provided further that such acquisition shall be subject to the limitations set forth in Sections 3(b) and 12 hereof. The Board may, for future Offering
Periods, increase or decrease, in its absolute discretion, the maximum number of the Company’s Ordinary Shares an Employee may acquire during each Offering Period. Exercise of the option shall occur as provided in Section 8 hereof, unless
the participant has withdrawn pursuant to Section 10 hereof. The option shall expire on the last day of the Offering Period. 
 8.
Exercise of Option. 
 (a) Unless a participant withdraws from the Plan as provided in Section 10 hereof, his or her option for
the acquisition of shares shall be exercised automatically on the Exercise Date, and the maximum number of full shares subject to option shall be acquired for such participant at the applicable Purchase Price with the accumulated payroll deductions
in his or her account. No fractional shares shall be acquired; any payroll deductions accumulated in a participant’s account which are not sufficient to acquire a full share shall be retained in the participant’s account for the subsequent
Offering Period, subject to earlier withdrawal by the participant as provided in Section 10 hereof. Any other monies left over in a participant’s account after the Exercise Date shall be returned to the participant. During a
participant’s lifetime, a participant’s option to acquire shares hereunder is exercisable only by him or her. 
 (b) If the Board
determines that, on a given Exercise Date, the number of shares with respect to which options are to be exercised may exceed (i) the number of Ordinary Shares that were available for sale under the Plan on the Enrollment Date of the applicable
Offering Period, or (ii) the number of shares available for sale under the Plan on such Exercise Date, the Board may in its sole discretion (x) provide that the Company shall make a pro rata allocation of the Ordinary Shares available for
acquisition on such Enrollment Date or Exercise Date, as applicable, in as uniform a manner as shall be practicable and as it shall determine in its sole discretion to be equitable among all participants exercising options to acquire Ordinary Shares
on such Exercise Date, and continue the Offering Period then in effect, or (y) provide that the Company shall make a pro rata allocation of the shares available for acquisition on such Enrollment Date or Exercise Date, as applicable, in as
uniform a manner as shall be practicable and as it shall determine in its sole discretion to be equitable among all participants exercising options to acquire Ordinary Shares on such Exercise Date, and terminate any Offering Period then in effect
pursuant to Section 20 hereof. The Company may make pro rata allocation of the shares available on the Enrollment Date of any applicable Offering Period pursuant to the preceding sentence, notwithstanding any authorization of additional shares
for issuance under the Plan by the Company’s shareholders subsequent to such Enrollment Date. 
  

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 9. Delivery. Shares acquired by a participant upon exercise of his or her option shall, at the
election of the participant, be issued (i) in the name of the participant or the participant and the participant’s spouse, or (ii) in the name of AIB Custodial Nominees Limited, having its registered office at P.O. Box 518, IFSC,
Dublin 1, Ireland, to hold the shares as nominee and on behalf of the participant and subject to the participant’s instructions. 
 10. Withdrawal. 
 (a) A participant may withdraw all but not less than all the payroll deductions credited to his or her
account and not yet used to exercise his or her option under the Plan at any time by giving written notice to the Company (or its designee) in the form of Exhibit B to this Plan. All of the participant’s payroll deductions credited to his
or her account shall be paid to such participant promptly after receipt of notice of withdrawal and such participant’s option for the Offering Period shall be automatically terminated, and no further payroll deductions for the acquisition of
shares shall be made for such Offering Period. If a participant withdraws from an Offering Period, payroll deductions shall not resume at the beginning of the succeeding Offering Period unless the participant delivers to the Company (or its
designee) a new subscription agreement. 
 (b) A participant’s withdrawal from an Offering Period shall not have any effect upon his or
her eligibility to participate in any similar plan which may hereafter be adopted by the Company or in succeeding Offering Periods which commence after the termination of the Offering Period from which the participant withdraws. 
 11. Termination of Employment. 
 Upon
a participant’s ceasing to be an Employee, for any reason, he or she shall be deemed to have elected to withdraw from the Plan and the payroll deductions credited to such participant’s account during the Offering Period but not yet used to
exercise the option shall be returned to such participant or, in the case of his or her death, to the person or persons entitled thereto under Section 15 hereof, and such participant’s option shall be automatically terminated. The
preceding sentence notwithstanding, a participant who receives payment in lieu of notice of termination of employment shall be treated as continuing to be an Employee for the participant’s customary number of hours per week of employment during
the period in which the participant is subject to such payment in lieu of notice. 
 12. Interest. No interest shall accrue on the
payroll deductions of a participant in the Plan. 
 13. Stock. 
 (a) Subject to adjustment upon changes in capitalization of the Company as provided in Section 19 hereof, the maximum number of shares of the
Company’s Ordinary Shares which shall be made available for acquisition under the Plan shall be 701,032 Ordinary Shares. The participant shall have no interest or voting right in Ordinary Shares covered by his option until such option has been
exercised. 
 (b) Ordinary Shares to be delivered to a participant under the Plan shall be registered in the name of the participant or in
the name of the participant and his or her spouse. 
 14. Administration. The Plan shall be administered by the Board or a committee
of members of the Board appointed by the Board. The Board or its committee shall have full and exclusive discretionary authority to construe, interpret and apply the terms of the Plan, to determine eligibility and to adjudicate all disputed claims
filed under the Plan. Every finding, decision and determination made by the Board or its committee shall, to the full extent permitted by law, be final and binding upon all parties. 
  

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 Notwithstanding any provision to the contrary in this Plan, the Board or a committee appointed by the Board may adopt
rules or procedures relating to the operation and administration of the Plan to accommodate the specific requirements of local laws and procedures for jurisdictions outside of the United States. Without limiting the generality of the foregoing, the
Board or a committee appointed by the Board is specifically authorized to adopt rules and procedures regarding eligibility to participate, the definition of Compensation, handling of payroll deductions, making of contributions to the Plan
(including, without limitation, in forms other than payroll deductions), establishment of bank or trust accounts to hold payroll deductions, payment of interest, conversion of local currency, obligations to pay payroll tax, determination of
beneficiary designation requirements, withholding procedures and handling of stock certificates which vary with local requirements. 
 15.
Designation of Beneficiary. 
 (a) A participant who is employed and domiciled in the United States may file a written designation of a
beneficiary who is to receive any shares and cash, if any, from the participant’s account under the Plan in the event of such participant’s death subsequent to an Exercise Date on which the option is exercised but prior to delivery to such
participant of such shares and cash. In addition, a participant who is employed and domiciled in the United States may file a written designation of a beneficiary who is to receive any cash from the participant’s account under the Plan in the
event of such participant’s death prior to exercise of the option. If a participant is married and the designated beneficiary is not the spouse, spousal consent shall be required for such designation to be effective. 
 (b) Such designation of beneficiary may be changed by the participant at any time by written notice. In the event of the death of a participant and in
the absence of a beneficiary validly designated under the Plan who is living at the time of such participant’s death, the Company shall deliver such shares and/or cash to the executor or administrator of the estate of the participant, or if no
such executor or administrator has been appointed (to the knowledge of the Company), the Company, in its discretion, may deliver such shares and/or cash to the spouse or to any one or more dependents or relatives of the participant, or if no spouse,
dependent or relative is known to the Company, then to such other person as the Company may designate. 
 16. Transferability. Neither
payroll deductions credited to a participant’s account nor any rights with regard to the exercise of an option or to receive shares under the Plan may be assigned, transferred, pledged or otherwise disposed of in any way (other than by will,
the laws of descent and distribution or as provided in Section 15 hereof) by the participant. Any such attempt at assignment, transfer, pledge or other disposition shall be without effect, except that the Company may treat such act as an
election to withdraw funds from an Offering Period in accordance with Section 10 hereof. 
 17. Use of Funds. All payroll
deductions received or held by the Company under the Plan may be used by the Company for any corporate purpose, and the Company shall not be obligated to segregate such payroll deductions. 
 18. Reports. Individual accounts shall be maintained for each participant in the Plan. Statements of account shall be given to participating
Employees at least annually, which statements shall set forth the amounts of payroll deductions, the Purchase Price, the number of shares acquired and the remaining cash balance, if any. 
 19. Adjustments Upon Changes in Capitalization, Dissolution, Liquidation, Merger or Asset Sale. 
 (a) Changes in Capitalization. Subject to any required action by the shareholders of the Company, the Reserves, the maximum number of shares each
participant may acquire each Offering Period (pursuant to Section 7), as well as the price per share and the number of Ordinary 

  

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Shares covered by each option under the Plan which has not yet been exercised shall be proportionately adjusted for any increase or decrease in the number of
issued Ordinary Shares resulting from a share split, reverse share split, share dividend, combination or reclassification of the Ordinary Shares, or any other increase or decrease in the number of Ordinary Shares effected without receipt of
consideration by the Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt of consideration.” Such adjustment shall be made by the Board, whose
determination in that respect shall be final, binding and conclusive. Except as expressly provided herein, no issuance by the Company of shares of any class, or securities convertible into shares of any class, shall affect, and no adjustment by
reason thereof shall be made with respect to, the number or price of Ordinary Shares subject to an option. 
 (b) Dissolution or
Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Offering Period then in progress shall be shortened by setting a new Exercise Date (the “New Exercise Date”), and shall terminate immediately
prior to the consummation of such proposed dissolution or liquidation, unless provided otherwise by the Board. The New Exercise Date shall be before the date of the Company’s proposed dissolution or liquidation. The Board shall notify each
participant in writing, at least ten (10) business days prior to the New Exercise Date, that the Exercise Date for the participant’s option has been changed to the New Exercise Date and that the participant’s option shall be exercised
automatically on the New Exercise Date, unless prior to such date the participant has withdrawn from the Offering Period as provided in Section 10 hereof. 
 (c) Merger or Asset Sale. In the event of a proposed sale of all or substantially all of the assets of the Company, or the merger of the Company with or into another corporation, each outstanding option shall
be assumed or an equivalent option substituted by the successor corporation or a parent or subsidiary of the successor corporation. In the event that the successor corporation refuses to assume or substitute for the option, any Offering Periods then
in progress shall be shortened by setting a new Exercise Date (the “New Exercise Date”) and any Offering Periods then in progress shall end on the New Exercise Date. The New Exercise Date shall be before the date of the Company’s
proposed sale or merger. The Board shall notify each participant in writing, at least ten (10) business days prior to the New Exercise Date, that the Exercise Date for the participant’s option has been changed to the New Exercise Date and
that the participant’s option shall be exercised automatically on the New Exercise Date, unless prior to such date the participant has withdrawn from the Offering Period as provided in Section 10 hereof. 
 20. Amendment or Termination. 
 (a)
The Board of Directors of the Company may at any time and for any reason terminate or amend the Plan. Except as provided in Section 19 hereof, no such termination can affect options previously granted, provided that an Offering Period may be
terminated by the Board of Directors on any Exercise Date if the Board determines that the termination of the Offering Period or the Plan is in the best interests of the Company and its shareholders. Except as provided in Section 19 and this
Section 20 hereof, no amendment may make any change in any option theretofore granted which adversely affects the rights of any participant. To the extent necessary to comply with Section 423 of the Code (or any successor rule or provision
or any other applicable law, regulation or stock exchange rule), the Company shall obtain shareholder approval in such a manner and to such a degree as required. 
 (b) Without shareholder consent and without regard to whether any participant rights may be considered to have been “adversely affected,” the Board (or its committee) shall be 

  

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entitled to change the Offering Periods, limit the frequency and/or number of changes in the amount withheld during an Offering Period, establish the
exchange ratio applicable to amounts withheld in a currency other than U.S. dollars, permit payroll withholding in excess of the amount designated by a participant in order to adjust for delays or mistakes in the Company’s processing of
properly completed withholding elections, establish reasonable waiting and adjustment periods and/or accounting and crediting procedures to ensure that amounts applied toward the acquisition of Ordinary Shares for each participant properly
correspond with amounts withheld from the participant’s Compensation, and establish such other limitations or procedures as the Board (or its committee) determines in its sole discretion advisable which are consistent with the Plan. 

(c) In the event the Board determines that the ongoing operation of the Plan may result in unfavorable financial accounting consequences, the Board
may, in its discretion and, to the extent necessary or desirable, modify or amend the Plan to reduce or eliminate such accounting consequence including, but not limited to: 
 (i) altering the Purchase Price for any Offering Period including an Offering Period underway at the time of the change in Purchase Price; 
 (ii) shortening any Offering Period so that Offering Period ends on a new Exercise Date, including an Offering Period underway at the time of the Board
action; 
 (iii) allocating shares; and 
 (iv) amending the Plan to conform with the safe harbor definition under Statement of Financial Accounting Standards 123(R), including with respect to an Offering Period underway at the time; and 
 (v) reducing the maximum percentage of Compensation a participant may elect to set aside as payroll deductions. 
 Such modifications or amendments shall not require stockholder approval or the consent of any Plan participants. 
 21. Notices. All notices or other communications by a participant to the Company under or in connection with the Plan shall be deemed to have been
duly given when received in the form specified by the Company at the location, or by the person, designated by the Company for the receipt thereof. 
 22. Conditions Upon Issuance of Shares. Shares shall not be issued with respect to an option unless the exercise of such option and the issuance and delivery of such shares pursuant thereto shall comply with all applicable provisions
of law, domestic or foreign, including, without limitation, the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, the rules and regulations promulgated thereunder, and the requirements of any stock exchange upon
which the shares may then be listed, and shall be further subject to the approval of counsel for the Company with respect to such compliance. 
 As a condition to the exercise of an option, the Company may require the person exercising such option to represent and warrant at the time of any such exercise that the shares are being purchased only for investment and without any present
intention to sell or distribute such shares if, in the opinion of counsel for the Company, such a representation is required by any of the aforementioned applicable provisions of law. 
 23. Term of Plan. The Plan shall become effective upon the earlier to occur of its adoption by the Board of Directors or its approval by the
shareholders of the Company. It shall continue in effect for a term of ten (10) years unless sooner terminated under Section 20 hereof. 
  

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 EXHIBIT A 
 TRINTECH GROUP PLC 
 1999 EMPLOYEE SHARE PURCHASE PLAN 
 SUBSCRIPTION AGREEMENT 
  

			
	              Original Application
	  	Enrollment Date:
                            
	             Change in Payroll Deduction Rate
	  	
	              Change of Beneficiary(ies)
	  	

  

	1.	                                      
   hereby elects to participate in the Trintech Group PLC 1999 Employee Share Purchase Plan (the “Employee Share Purchase Plan”) and subscribes to acquire shares of the Company’s Ordinary Shares in accordance with this
Subscription Agreement and the Employee Share Purchase Plan. 

  

	2.	I hereby authorize payroll deductions from each paycheck in the amount of     % of my Compensation on each payday (from 1 to 15%) during the Offering
Period in accordance with the Employee Share Purchase Plan. (Please note that no fractional percentages are permitted.) 

  

	3.	I understand that said payroll deductions shall be accumulated for the acquisition of Ordinary Shares at the applicable Purchase Price determined in accordance with the Employee
Share Purchase Plan. I understand that if I do not withdraw from an Offering Period, any accumulated payroll deductions will be used to automatically exercise my option. 

  

	4.	I have received a copy of the complete Employee Share Purchase Plan. I understand that my participation in the Employee Share Purchase Plan is in all respects subject to the terms
of the Plan. I understand that my ability to exercise the option under this Subscription Agreement is subject to shareholder approval of the Employee Share Purchase Plan. 

  

	5.	Shares acquired for me under the Employee Share Purchase Plan should be issued in the name(s) of (Employee or Employee and Spouse only). 

  

	6.	 I understand that if I dispose of any shares received by me pursuant to the Employee Share Purchase Plan within 2 years after the Enrollment Date (the first day of
the Offering Period during which I purchased such shares) or one year after the Exercise Date, I will be treated for federal income tax purposes as having received ordinary income at the time of such disposition in an amount equal to the excess of
the fair market value of the shares at the time such shares were acquired by me over the price which I paid for the shares. I hereby agree to notify the Company in writing within 30 days after the date of any disposition of my shares and I will
make adequate provision for Federal, state or other tax withholding obligations, if any, which arise upon the disposition of the Ordinary Shares. The Company may, but will not be obligated to, withhold from my compensation the amount necessary
to meet any applicable withholding obligation including any withholding necessary to make available to the Company any tax deductions or benefits attributable to sale or early disposition of Ordinary Shares by me. If I dispose of such shares at any
time after the expiration of the 2-year and 1-year holding periods, I understand that I will be treated for federal income tax purposes as having received income only at the time of such disposition, and that such income will be taxed as ordinary
income only to the extent of an amount equal to the lesser 

	 	 
of (1) the excess of the fair market value of the shares at the time of such disposition over the acquisition price which I paid for the shares, or
(2) 15% of the fair market value of the shares on the first day of the Offering Period. The remainder of the gain, if any, recognized on such disposition will be taxed as capital gain. 

  

	7.	I hereby agree to be bound by the terms of the Employee Share Purchase Plan. The effectiveness of this Subscription Agreement is dependent upon my eligibility to participate in the
Employee Share Purchase Plan. 

  

	8.	In the event of my death, I hereby designate the following as my beneficiary(ies) to receive all payments and shares due me under the Employee Share Purchase Plan:

  

			
	 NAME: (Please print)
	  	  

															
		  		  	 (First)
	  		  	 (Middle)
	  		  	 (Last)
	  	

  

							
	  
	 		 	  

	 Relationship
	 		 	
		 		 	  

		 		 	(Address)

  

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	 Employee’s Social
	 		 	
	 Security Number:
	 	  
	 	
	 Employee’s Address:
	 	  
	 	
		 	  
	 	
		 	  
	 	

 I UNDERSTAND THAT THIS SUBSCRIPTION AGREEMENT SHALL REMAIN IN EFFECT THROUGHOUT SUCCESSIVE OFFERING PERIODS UNLESS
TERMINATED BY ME. 
  

									
	 Dated:
	 	  
	 		 	  
	 	
		 		 		 	Signature of Employee	 	
					
		 		 		 	  
	 	
		 		 		 	Spouse’s Signature (If beneficiary other than spouse)	 	

  

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 EXHIBIT B 
 TRINTECH GROUP PLC 
 1999 EMPLOYEE SHARE PURCHASE PLAN 
 NOTICE OF WITHDRAWAL 
 The undersigned participant in
the Offering Period of the Trintech Group PLC 1999 Employee Share Purchase Plan which began on
                            ,
             (the “Enrollment Date”) hereby notifies the Company that he or she hereby withdraws from the Offering Period. He or she hereby directs the Company to pay to
the undersigned as promptly as practicable all the payroll deductions credited to his or her account with respect to such Offering Period. The undersigned understands and agrees that his or her option for such Offering Period will be automatically
terminated. The undersigned understands further that no further payroll deductions will be made for the acquisition of shares in the current Offering Period and the undersigned shall be eligible to participate in succeeding Offering Periods only by
delivering to the Company a new Subscription Agreement. 
  

			
	 Name and Address of Participant:

	
	  

	  

	  

	
	 Signature:

	
	  

		
	 Date:Trintech Group PLC Share Option Plan 2007

 Exhibit 4.1 
 TRINTECH GROUP PLC 
 SHARE OPTION PLAN 2007 
 Established by a resolution of the Board of the Company on May 21, 2007 and approved by shareholders on July 25, 2007 and as
amended from time to time by resolutions of the Board of Directors and Ordinary resolutions of the company. 
 A & L GOODBODY

 TABLE OF CONTENTS 
  

					
	1.	  	ESTABLISHMENT AND PURPOSE	  	3
	2.	  	DEFINITIONS	  	3
	3.	  	ADMINISTRATION	  	5
	4.	  	SHARES AVAILABLE FOR GRANTS	  	6
	5.	  	ELIGIBILITY	  	7
	6.	  	TERMS AND CONDITIONS OF OPTIONS	  	7
	7.	  	PROCEDURE ON EXERCISE OF OPTIONS	  	9
	8.	  	ADJUSTMENT OF SHARES	  	10
	9.	  	TAKEOVER, MERGER OR OTHER REORGANISATION	  	10
	10.	  	LIMITATION ON RIGHTS	  	11
	11.	  	WITHHOLDING TAXES	  	11
	12.	  	GENERAL PROVISIONS	  	12
	13.	  	GOVERNING LAW & DISPUTES	  	13
	14.	  	LIABILITY OF THE COMPANY	  	13

  

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 TRINTECH GROUP PLC 
 SHARE OPTION PLAN 2007 
  

	1.	ESTABLISHMENT AND PURPOSE 

 The Plan is established
pursuant to a resolution of the Board on May 21, 2007 but shall be subject to approval by the Company’s shareholders within twelve months after such date. The purpose of the Plan is to establish an employees’ share scheme
within the meaning of Section 2 of the Companies (Amendment) Act 1983 as a long term incentive plan to promote the long-term success of the Company and the creation of stockholder value by (a) encouraging Key Employees to focus on critical
long-range objectives, (b) encouraging the attraction and retention of Key Employees with exceptional qualifications and (c) linking Key Employees directly to stockholder interests through increased stock ownership. The Plan seeks to
achieve this purpose by providing for Awards in the form of Options. The Board may, in respect of Key Employees primarily liable to taxation outside the Republic of Ireland on their remuneration, alter the provisions of the Plan and of Awards to
take account of overseas taxation or securities laws as set out in Clause 12.2.2. 
  

	2.	DEFINITIONS 

  

	2.1.	In the Plan, the following expressions bear the following meanings and all references to statutes are to Irish statutes unless stated otherwise: 

 Act means the Companies Act 1963 as amended from time to time; 
 Adoption Date means the date on which this Plan is adopted by the Board; 
 Award means any
award of an Option under the Plan; 
 Board means the Company’s board of directors, as constituted from time to time; 

Change in Control means: 
  

	 	(a)	the consummation of a merger or consolidation of the Company with or into another entity or any other corporate reorganization, if more than 50% of the combined voting power of the
continuing or surviving entity’s issued shares or securities outstanding immediately after such merger, consolidation or other reorganization is owned by persons who were not shareholders of the Company immediately prior to such merger,
consolidation or other reorganization; 

  

	 	(b)	the sale, transfer or other disposition of all or substantially all of the Company’s assets; 

  

	 	(c)	a change in the composition of the Board, as a result of which fewer than 50% of the incumbent directors are directors who either (i) had been directors of the Company on the
date 24 months prior to the date of the event that may constitute a Change in Control (the “original directors”) or (ii) were elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the
aggregate of the original directors who were still in office at the time of the election or nomination and the directors whose election or nomination was previously so approved; 

  

	 	(d)	any transaction as a result of which any person is the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the
Company representing at least 50% of the total voting power represented by the Company’s then outstanding voting securities (i.e. issued shares). For purposes of this Subsection (d), the term “person” shall have the same meaning as
when used in sections 13(d) and 14(d) of the Exchange Act but shall exclude (i) a trustee or other fiduciary holding shares under an employee benefit plan of the Company or of a Subsidiary and (ii) a company owned directly or indirectly by
the shareholders of the Company in substantially the same proportions as their ownership of the ordinary shares of the Company; or 

  

	 	(e)	a transaction as a result of which a person or company obtains control of the Company in pursuance of a compromise or arrangement sanctioned by the court under Section 201 of
the Act or becomes bound or entitled to acquire Shares in the Company under Section 204 of the Act. 

  

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 A transaction shall not constitute a Change in Control if its sole purpose is to create a holding company
that will be owned in substantially the same proportions by the persons who held the Company’s issued shares immediately before such transaction. 
 Code means the U.S. Internal Revenue Code of 1986, as amended. Reference to a specific section of the Code or regulation thereunder shall include such section or regulation, any valid regulation promulgated
under such section, and any comparable provision of any future legislation or regulation amending, supplementing or superseding such section or regulation; 
 Committee means a committee of the Board as may be designated by the Board to administer the Plan, as described in Clause 2; 
 Company means Trintech Group Plc, an Irish company, or any successor company; 
 Date of Grant
means, with respect to an Option, the effective date of the resolution of the Committee approving the grant of such Option or such later date as otherwise specified in the Committee resolution approving the grant of such Option; 
 Exchange Act means the U.S. Securities Exchange Act of 1934, as amended. Reference to a specific section of the Exchange Act or regulation
thereunder shall include such section or regulation, any valid regulation promulgated under such section, and any comparable provision of any future legislation or regulation amending, supplementing or superseding such section or regulation;

 Exercise Price means the amount for which one Share may be purchased or subscribed upon exercise of an Option, as specified in the
applicable Share Option Agreement; 
 ISO means an Option intended to qualify as an incentive stock option described in section 422(b)
of the Code and the regulations thereunder; 
 Internal Revenue Service means the U.S. Internal Revenue Service; 
 Key Employee means (a) a key employee of the Company or of a Subsidiary, as determined by the Committee, or (b) an executive director
holding salaried employment or office of the Company or a Subsidiary; 
 Market Value means the market price of Shares, determined by
the Committee as follows: 
  

	 	(a)	if Shares are traded on the National Market System of NASDAQ or any other recognised securities exchange regulated by the Securities and Exchange Commission (or on any other
recognised stock exchange on which Shares may then be listed or dealt in and if more than one, the principal exchange on which Shares may then be listed) on the date in question, then the Market Value shall be equal to the higher of par and the
closing price reported for such date by the applicable composite-transactions report or any other comparable or equivalent report prepared by the relevant regulatory authority governing the securities exchange on which the Shares are listed or
dealt; and 

  

	 	(b)	if (a) is not applicable, then the Market Value shall be determined by the Committee in good faith on such basis as it deems appropriate. 

 Whenever possible, the determination of Market Value by the Committee shall be based on the prices reported in the most recent edition of The Wall Street
Journal. Such determination shall be conclusive and binding on all persons. 
 Nominated Employee means a Key Employee who shall have
been nominated for the purpose of the Plan under Clause 3.2; 
 NSO means an employee stock option not described in sections 422 or 423
of the Code; 
 Option means an ISO or NSO granted under the Plan and entitling the holder to acquire Shares by subscription or
purchase; 
 Participant means any Nominated Employee who is for the time being the holder of an Option; 
  

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 Plan means this Trintech Group Plc Share Option Plan 2007, as it may be amended from time to time;

 Securities and Exchange Commission means the U.S. Securities and Exchange Commission; 
 Share means one ordinary share of US$0.0027 in the capital of the Company and such expression shall if the context admits or requires mean two such
ordinary shares as may be represented by one American Depositary Share (and may be evidenced by one American Depositary Receipt) or such other ratio, established by the Company from time to time, of ordinary shares to American Depositary Shares (as
may be evidenced by American Depositary Receipts); 
 Share Option Agreement means the agreement between the Company and a Participant
which contains the terms, conditions and restrictions pertaining to his or her Option; 
 Subsidiary means a subsidiary undertaking
which is, for the time being, a subsidiary of the Company within the meaning of Section 155 of the Act; 
 US Participant means
any Participant who, at the time the Option is granted, is a citizen or resident of the United States of America for federal income tax purposes; 
  

	2.2.	Where the context permits the singular will include the plural and vice versa and the masculine will include the feminine. 

  

	2.3.	References to any act or legislation shall include any statutory modification, amendment or re-enactment thereof. 

  

	2.4.	The headings contained in the Plan are for reference purposes only and do not affect its meaning or construction. 

  

	2.5.	In the event any provision of the Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan
shall be construed and enforced as if the illegal or invalid provision had not been included. 

  

	3.	ADMINISTRATION 

  

	3.1.	Committee Composition 

  

	 	3.1.1.	Multiple Administrative Bodies: The Plan may be administered by different Committees with respect to different groups of Participants. 

  

	 	3.1.2.	Section 162(m): To the extent that the Committee determines it to be desirable to qualify Options granted hereunder to US Participants as “performance-based
compensation” within the meaning of Section 162(m) of the Code, the Plan shall, in respect of such US Participants, be administered by a Committee of two or more “outside directors” within the meaning of Section 162(m) of
the Code. 

  

	 	3.1.3.	Rule 16b-3: To the extent desirable to qualify transactions hereunder as exempt under Rule 16b-3 of the Exchange Act (“the Rule 16b-3”), the transactions
contemplated hereunder shall be structured to satisfy the requirements for exemption under Rule 16b-3. 

  

	 	3.1.4.	Other Administration: Other than as provided above, the Plan shall be administered by a Committee, which committee shall be constituted to satisfy all applicable laws, rules
and regulations. 

  

	3.2.	Committee Responsibilities and Authority 

 Subject
to the provisions of the Plan, the Committee shall have the authority, in its discretion to: 
  

	 	3.2.1.	nominate the Key Employees who are to receive Awards under the Plan; 

  

	 	3.2.2.	determine the type, number, vesting requirements and other conditions of such Awards; 

  

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	 	3.2.3.	interpret the Plan and Share Option Agreements made thereunder; 

  

	 	3.2.4.	approve forms of Share Option Agreement for use under the Plan; 

  

	 	3.2.5.	prescribe, amend and rescind rules and regulations relating to the Plan, including rules and regulations relating to sub-plans established for the purpose of qualifying for
preferred tax treatment under Irish, U.S. state or federal tax laws or other foreign tax laws; 

  

	 	3.2.6.	modify or amend each Option (not inconsistent with the terms of the Plan), including the discretionary authority to extend the post-termination exercisability period of Options
longer than is otherwise provided for in the Plan or the Share Option Agreement; 

  

	 	3.2.7.	authorise any person to execute on behalf of the Company any instrument required to effect the grant of an Option previously granted by the Committee; and 

 

	 	3.2.8.	make all other decisions relating to the operation of the Plan. 

 The Committee may adopt such rules or guidelines as it deems appropriate to implement the Plan. The Committee’s determination under the Plan shall be final and binding on all persons and shall be given maximum deference permitted by
law. 
  

	4.	SHARES AVAILABLE FOR GRANTS 

  

	4.1.	Basic Limitation 

 The Company shall keep available
sufficient authorised but unissued Shares to meet in full the exercise of Options. Subject to Clause 4.2 below, the aggregate number of Shares over which Options may be awarded under the Plan and the Trintech Group plc Share Option Plan for
Directors and Consultants 2007 shall not exceed 2,600,000 Shares or 1,300,000 American Depositary Shares as may be evidenced by American Depositary Receipts (or such other number of American Depositary Shares as represented by the ratio, established
by the Company from time to time, of ordinary shares to American Depositary Shares, as may be evidenced by American Depositary Receipts). The limitation of this Clause 4.1 shall be subject to adjustment pursuant to Clause 8.1. 
  

	4.2.	Additional Shares 

  

	 	4.2.1.	If any Options are cancelled or forfeited, or if any Options terminate or lapse for any reason before being exercised, then the number of Shares to which such Options relate (or
related) shall again become available for Awards under the Plan and shall not be counted for the Option limits set out at Clause 4.1 above. For this purpose, if the exercise price of an Option is reduced, the transaction will be treated as a
cancellation of the Option and the grant of a new Option. 

  

	 	4.2.2.	The provisions of Clause 4.2.1 shall also apply to any rights under the Trintech Group Plc Share Option Plan for Directors and Consultants 2007 that are cancelled or forfeited, or
terminate or lapse for any reason before being exercised. 

  

	4.3.	Individual Limits 

  

	 	The following limitations shall apply to grants of Options: 

  

	 	4.3.1.	No Participant shall be granted, in any fiscal year of the Company, Options to purchase more than 1,000,000 Shares (subject to adjustment as set out in Clause 4.3.3 below).

  

	 	4.3.2.	In connection with his or her initial service, a Participant may be granted Options to purchase up to an additional 1,000,000 Shares which shall not count against the limit set
forth in Clause 4.3.1 above. 

  

	 	4.3.3.	The foregoing limitations shall be adjusted proportionally in connection with any change in the Company’s capitalization as described in Clause 8.1. 

 

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	5.	ELIGIBILITY 

  

	5.1.	General Rules 

 Only Key Employees shall be eligible
for designation as Participants by the Committee. In addition, only US Participants may be granted ISOs. The Committee shall, in its absolute discretion, determine whether a person is a Key Employee. No Key Employee shall have the right to be
selected to receive an Option under this Plan, or, having been so selected, to be selected to receive a future Option. 
  

	5.2.	Ten-Percent Shareholders 

 A Key Employee who owns
more than 10% of the total combined voting power of all classes of outstanding stock of the Company or any of its Subsidiaries shall not be eligible for the grant of an ISO unless the requirements set forth in section 422(c)(5) of the Code are
satisfied. 
  

	5.3.	Twenty-Nine Percent Shareholders 

 A Key Employee
who owns (or who together with any person or persons acting in concert with him owns) directly or indirectly more than 29% of the total combined voting power of all classes of outstanding stock of the Company or any of its Subsidiaries shall not be
eligible for designation as a Participant by the Committee and shall not receive any Awards under the Plan without the approval in advance of the Company’s shareholders for such participation and for the number of Options which it is proposed
will be granted to such Key Employee. For the purposes of this Clause 5.3, “persons acting in concert” shall be construed in accordance with the definition of that term under the Irish Take-Over Panel Act 1997 Takeover Amendment Rules in
force at the relevant time. 
  

	6.	TERMS AND CONDITIONS OF OPTIONS 

  

	6.1.	Share Option Agreement 

 Each grant of an Option
under the Plan shall, be evidenced by a Share Option Agreement between the Participant and the Company. The Share Option Agreement for US Participants shall specify whether the Option is an ISO or an NSO. The provisions of the various Share Option
Agreements entered into under the Plan need not be identical. Options awarded shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. 
  

	6.2.	Waiver of an Option 

 A Participant may by notice in
writing given within thirty days of the Date of Grant of an Option, disclaim in whole or in part his rights under that Option in which case the Option shall for all purposes be deemed never to have been granted. 
  

	6.3.	Awards Non-transferable 

 No Option granted under
the Plan shall be transferable by the Participant other than by will, or by the laws of intestate succession. An Option may be exercised during the lifetime of the Participant only by the Participant or by his or her legal representative. No Option
or interest therein may be transferred, assigned, pledged or hypothecated by the Participant during his or her lifetime (or his legal personal representative after his death), whether by operation of law or otherwise, or be made subject to
execution, attachment or similar process. 
  

	6.4.	Number of Shares 

 Each Share Option
Agreement shall specify the number of Shares over which an Option may be granted and shall provide for the adjustment of such number in accordance with Clause 8.1. 
  

	6.5.	Exercise Price 

 Each Share Option Agreement shall
specify the Exercise Price and the Committee shall determine the Exercise Price per Share in its absolute discretion, provided that: 
  

	 	6.5.1.	the Exercise Price under an ISO shall not be less than 100% of the Market Value of a Share on the last trading day before the Date of Grant; and 

  

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	 	6.5.2.	the Exercise Price under an NSO shall not be less than the par value of a Share; PROVIDED HOWEVER that to the extent that the Committee determines it to be desirable to qualify NSOs
granted hereunder to US Participants as “performance-based compensation” within the meaning of Section 162(m) of the Code, the Exercise Price under an NSO shall not be less than 100% of the Market Value of a Share on the last trading
day before the Date of Grant. 

 Notwithstanding the foregoing, Options may be granted with a per share exercise price of less
than 100% of the Market Value of a Share on the last trading day before the Date of Grant pursuant to a merger or other corporate transaction. 
  

	6.6.	Exercisability and Term 

  

	 	6.6.1.	Each Share Option Agreement shall specify the date when all or any instalment of the Option is to become exercisable and/or the conditions under which the Option is to become
exercisable. The Committee may specify that an Option may not be exercised until the completion of a service period or until performance targets are satisfied. 

  

	 	6.6.2.	The Share Option Agreement shall also specify the term of the Option; provided that; 

  

	 	(1)	the term of an ISO shall in no event exceed 10 years from the Date of Grant, and 

  

	 	(2)	the term of an Option granted with an Exercise Price of less than the Market Value of a Share on the last trading day before the Date of Grant shall in no event exceed 7 years from
the Date of Grant. 

  

	 	6.6.3.	A Share Option Agreement may provide for accelerated exercisability in the event of the Participant’s death, disability or other events and may provide for expiration prior to
the end of its term on such events as the Committee in its absolute discretion shall determine. 

  

	 	6.6.4.	All such terms relating to this Clause 6.6 shall be determined by the Committee in its absolute discretion. 

  

	6.7.	ISO $100,000 Rule. 

 Notwithstanding the designation
of an Option as an ISO in accordance with Clause 6.1, to the extent that the aggregate Market Value of the Shares with respect to which ISOs are exercisable for the first time by the Participant during any calendar year (under all plans of the
Company and any Subsidiary) exceeds one hundred thousand dollars ($100,000), such Options will be treated as NSOs. For purposes of this Clause 6.7, ISOs will be taken into account in the order in which they were granted. The Market Value of the
Shares will be determined as of the time the Option with respect to such Shares is granted. 
  

	6.8.	Modification or Exchange of Options 

  

	 	6.8.1.	Within the limitations of the Plan, the Committee may modify, or extend outstanding Options or may accept the cancellation of outstanding Options in return for the grant of new
Options for the same or a different number of Shares and at the same or a different Exercise Price. 

  

	 	6.8.2.	The foregoing notwithstanding: 

  

	 	6.7.2.1	no modification of an Option shall, without the consent of the Participant alter or impair his or her rights or obligations under such Option; and 

  

	 	6.7.2.2	no amendment or alteration shall be made without the consent of shareholders to the extent that such shareholder approval is required under the rules of any stock exchange on which
Shares are listed or under the Act or the Code. 

  

	6.9.	De-listing of Shares 

 In the event of the Shares
being no longer quoted on any stock exchange or quotation system the Board shall have discretion to terminate all unexercised Options and participants holding said Options shall be entitled to such compensation, if any, equal to the difference
between the Market Value of the 
  

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 Shares and the Exercise Price of each Option which may be paid: 
  

	 	6.9.1.	in cash; or 

  

	 	6.9.2.	any other assets or rights, 

 as the Committee shall at its
absolute discretion determine. For the avoidance of doubt, if the difference between the Market Value of a Share and the Exercise Price per share is less than or equal to zero, no payment will be due to participants in respect of those Options.

  

	6.10.	Liquidation 

 In the event of the Company going into
liquidation (other than for the purpose of merger or re-organisation under Clauses 9.1 and 9.2), unless the Committee otherwise determines in advance of the liquidation all Options shall cease to be exercisable and (save to the extent, if at all,
that the Committee may prior to such liquidation at their absolute and uncontrolled discretion determine) Participants shall not be entitled to damages or other compensation of any kind. 
  

	7.	PROCEDURE ON EXERCISE OF OPTIONS 

  

	7.1.	Procedure 

 Options shall be deemed exercised when
the Company receives: (i) written or electronic notice of exercise (in accordance with the Share Option Agreement) from the person entitled to exercise the Option, and (ii) full payment for the Shares with respect to which the Option is
exercised. No exercise will be permitted unless the Committee is satisfied that all conditions relating to such exercise pursuant to the Plan have been met and that such exercise would not breach any applicable laws or regulations, including (but
not limited to) any code regulating dealings in shares in the Company by employees and directors. 
  

	7.2.	Payment for Option Shares 

 On exercise the
Participant will make payment to the Company of such portion of the aggregate Exercise Price as is applicable, as follows: 
  

	 	7.2.1.	General Rule 

 The entire Exercise Price of Shares
issued upon exercise of Options shall be payable in cash in lawful currency or a banker’s draft in favour of the Company at the time when such Shares are subscribed for or purchased, except that the Share Option Agreement may specify that
payment may be made in any form(s) described in this Clause 7.2. 
  

	 	7.2.2.	Cashless Exercise 

 Payment may be made by delivery
(on a form prescribed by the Company) of an undertaking to pay and an irrevocable direction to a securities broker approved by the Company to sell Shares and to deliver all or part of the sales proceeds to the Company in payment of all or part of
the Exercise Price and any withholding taxes. 
  

	 	7.2.3.	Other Forms of Payment 

 Payment may be made in any
other form that is consistent with applicable laws, regulations and rules and agreed between the Company and the Participant. 
  

	7.3.	Subject to the Company obtaining any regulatory or other consent which is necessary to enable it to allot Shares pursuant to the exercise of the Option and subject to the terms of
any such consent, as soon as practicable after the notice exercising an Option under the Plan has been received by the Company, the Committee on behalf of the Company shall allot to the Participant the number of Shares in respect of which the notice
has taken effect. 

  

	7.4.	As soon as reasonably practicable after allotting any Shares under the Plan, the Committee on behalf of the Company shall, if the Shares are to be held in certificate form, issue to
the Participant (or his personal representative, if appropriate) a definitive share certificate in respect of the Shares so allotted. 

  

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	7.5.	All fully paid Shares issued on any exercise of an Option will rank pari passu in all respects with the fully paid Shares already in issue (except that they will not rank for any
dividend rights, voting rights or other distribution rights attaching to the Shares by reference to a record date prior to the date of allotment) and will be subject to all relevant provisions of the Articles of Association of the Company. No
adjustment shall be made for cash dividends or other rights for which the record date is prior to the date when the Participant’s notice of exercise and tender of exercise price is given, except as expressly provided in Clause 8.1.

  

	7.6.	Where appropriate, the Company shall apply to the appropriate listing authority for any Shares in respect of which an Option has been exercised to be admitted to the official list
of the relevant exchange. 

  

	8.	ADJUSTMENT OF SHARES 

  

	8.1.	Adjustments 

 In the event of a subdivision of the
outstanding Shares, bonus or scrip issue, a declaration of a dividend payable in a form other than Shares in an amount that has a material effect on the price of Shares, a combination or consolidation of the issued Shares (by reclassification or
otherwise) into a lesser number of Shares, a recapitalization, a sale of all or a substantial part of the business of the Company, spin-off or a similar occurrence, the Committee will make appropriate adjustments to one or more of the following:

  

	 	8.1.1.	the number of Shares for which Options may be available for future Awards under Clause 4; 

  

	 	8.1.2.	the number of Shares covered by each outstanding Option; 

  

	 	8.1.3.	the Exercise Price under each outstanding Option; 

  

	 	8.1.4.	the class of Share; or 

  

	 	8.1.5.	where the Option has been exercised but no Shares have been allotted pursuant hereto, the number of Shares which may be allotted and/or (subject to any adjustment under Clause
8.1.3) the Exercise Price payable for each such Share. 

  

	8.2.	Except as provided in this Clause 8, a Participant shall have no rights by reason of any issue by the Company of stock of any class or securities convertible into stock of any
class, any subdivision or consolidation of shares of stock of any class, the payment of any stock dividend or any other increase or decrease in the number of shares of stock of any class. 

  

	9.	TAKEOVER, MERGER OR OTHER REORGANISATION 

  

	9.1.	Change in Control 

 In the event of a Change in
Control or in the event the Company is a party to a merger, takeover or other reorganization or the Committee considers this is about to occur, the Committee shall, subject to Clause 9.2, be entitled (without the Participant’s consent unless
the Committee otherwise requires) at its discretion and not withstanding anything herein contained (except the proviso below): 
  

	 	9.1.1.	to request Participants to exercise outstanding Options in relation to the whole or a specified portion of the Shares to which such Options relate and within such time or times and
subject to any other conditions or limitations as the Committee may at its discretion determine; if a Participant does not comply with the aforementioned request such Options shall lapse at the expiry of the time specified for exercise by the
Committee; 

  

	 	9.1.2.	to agree that outstanding Options will be assumed or substituted by the surviving company or its parent (or the acquiring company or its parent where a takeover occurs);

  

	 	9.1.3.	to arrange for the continuation by the Company of outstanding Options (if the Company is a surviving company or an acquiring company in a takeover); 

  

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	 	9.1.4.	to make payment of a cash settlement to Participants equal, per Share, to the difference between the amount to be paid for one Share under the agreement of merger or takeover terms
and the Exercise Price per Share; 

  

	 	9.1.5.	to agree to accelerate the exercisability of such outstanding Options followed by the cancellation of Options not exercised; and 

  

	 	9.1.6.	to otherwise vary the exercise of outstanding Options on such conditions as the Committee may decide. 

  

	9.2.	Offer for Shares where there are no agreed terms 

 In the event that the Company is the subject of an offer for all of its securities which is not recommended by the Board to the Company’s shareholders or otherwise agreed to by the Board, the exercisability and vesting of outstanding
Options shall be fully accelerated. Participants may exercise outstanding Options within the period of 90 days following the date upon which the offer becomes unconditional in all respects. The Committee shall cancel Options not exercised within the
aforesaid period. 
  

	9.3.	Employees of another corporation 

 The Company may
grant options under the Plan in substitution for Options held by employees of another corporation who become employees of the Company or any Subsidiary as a result of a merger or consolidation of the employing corporation with the Company or any
Subsidiary, or as a result of the acquisition by the Company or an Subsidiary of property or stock of the employing corporation. The Company may direct that substitute Options be granted on such terms and conditions as the Board considers
appropriate in the circumstances. 
  

	10.	LIMITATION ON RIGHTS 

  

	10.1.	Retention Rights 

 Neither the Plan nor any Option
granted under the Plan shall be deemed to give any individual a right to remain an employee or director of the Company or a Subsidiary, nor shall they interfere in any way with the individual’s right or any right that the Company or a
Subsidiary, as the case may be, may have to terminate such employment at any time, with or without cause or notice. Neither Key Employees nor Participants shall be entitled to any compensation or damages whatsoever or howsoever described for any
loss of any right or benefit or prospective right or benefit under the Plan which he might otherwise have enjoyed whether such compensation is claimed by way of damages for wrongful dismissal or other breach of contract or by way of compensation for
loss of office or otherwise howsoever. 
  

	10.2.	Regulatory Requirements 

 Any other provision of the
Plan notwithstanding, the obligation of the Company to issue Shares under the Plan shall be subject to all applicable laws, rules and regulations and such approval by any regulatory body as may be required. The Company reserves the right to
restrict, in whole or in part, the delivery of Shares pursuant to any Award prior to the satisfaction of all legal requirements relating to the issuance of such Shares, to their registration, qualification or listing or to an exemption from
registration, qualification or listing. 
  

	11.	WITHHOLDING TAXES 

 If withholding tax obligations
arise under Irish, U.S. state or federal law or other foreign law in connection with any transaction under the Plan, then the Participant, beneficiary or other person who is subject to such obligations shall make arrangements satisfactory to the
Company to meet such obligations. The Company shall not be required to issue any Shares or make any cash payment under the Plan until such obligations are satisfied. 
  

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	12.	GENERAL PROVISIONS 

  

	12.1.	Term of the Plan 

 The Plan, as set forth
herein, shall become effective as of the Adoption Date. The Plan shall terminate on the tenth anniversary of the Adoption Date unless it has previously been terminated under Clause 12.3. 
  

	12.2.	Amendment or Termination 

  

	 	12.2.1.	the Board may, at any time and for any reason, amend or terminate the Plan by resolution. An amendment of the Plan shall be subject to the approval of the Company’s
shareholders if it increases the number of Shares over which Options may be awarded under Clause 4.1 or extends the term of the Plan (provided that no amendment pursuant to Clause 8.1 shall be regarded as requiring shareholder approval). No Awards
shall be granted under the Plan after the termination thereof. The termination of the Plan, or any amendment thereof, shall not (subject to Clauses 9.1) affect any Option previously granted under the Plan and notwithstanding such termination, the
Company shall continue to act, administer and manage the Plan in accordance with its terms; and 

  

	 	12.2.2.	the Committee may in respect of Key Employees who are or may become primarily liable to taxation outside Ireland on their remunerations amend or alter the provisions of the Plan and
the terms and conditions of Awards as the Committee considers necessary or desirable to take account of relevant overseas taxation or securities laws and the alterations or amendments so made are scheduled to the Plan. 

  

	12.3.	Provision of Financial Assistance 

 The Company may
from time to time, at the absolute discretion of the Committee, make loans to or guarantee loans to one or more Participants who are employed in the Company or any Subsidiary, in order to assist such Participant to subscribe for or purchase fully
paid Shares on the exercise of Options. Any such loan or guarantee shall be on such terms as to repayment and interest and otherwise as the Board may in its absolute discretion determine in any particular case. 
  

	12.4.	Notices 

  

	 	12.4.1.	To Employees and Participants 

 Save as otherwise
provided herein, any notice or communication to be given by the Company to a Participant shall be sufficiently given if: 
  

	 	(a)	sent by ordinary post to his last known address, in which case notice shall be deemed to have been received 72 hours after the date of posting; 

  

	 	(b)	sent by means of electronic communication to such electronic address as may be specified by him from time to time for that purpose and if so sent, shall be deemed to have been sent
when it is first transmitted; or 

  

	 	(c)	delivered to him at his place of work, if he is employed by the Company or a Subsidiary. 

  

	 	12.4.2.	To the Company 

 Save as otherwise herein provided
any notice or communication given by a Participant to the Company shall be sufficiently given if: 
  

	 	(a)	delivered or sent to the Company at its registered office (or at such other place or places as the Committee may from time to time determine and notify to Participants) and be
effective upon receipt; or 

  

	 	(b)	via electronic communication to such email or electronic address as may from time to time be notified to Participants but shall not in any event be deemed to be duly given unless it
is acknowledged by the Company when it is first posted, delivered or transmitted. 

  

 12 

	13.	GOVERNING LAW & DISPUTES 

 The Plan shall
be governed by, and construed in accordance with, the laws of Ireland. In the event of any dispute in connection with the Plan or a Share Option Agreement, Participants shall submit to the non-exclusive jurisdiction of the Irish Courts. 

 

	14.	LIABILITY OF THE COMPANY 

  

	14.1.	Inability to Obtain Authority  

 The inability of
the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability
in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained. 
  

	14.2.	Grants Exceeding Allotted Shares 

 If the Shares
covered by an Option exceed, as of the Date of Grant, the number of Shares which may be issued under the Plan without additional shareholder approval, such Option shall be void with respect to such excess Shares, unless shareholder approval of an
amendment sufficiently increasing the number of Shares subject to the Plan is timely obtained in accordance with Clause 12.2.1 of the Plan. 
  

 13

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