Document:

Biovest 2006 Equity Incentive Plan

 Exhibit 4.2 
 AMENDED and RESTATED BIOVEST INTERNATIONAL, INC. 
 2006 EQUITY INCENTIVE
PLAN 
 (Effective as of April 10, 2008) 

 

	Section 1.	PURPOSE AND DEFINITIONS 

(a) Purpose. The purpose of this Biovest International, Inc. (the “Company”) 2006 Equity Incentive Plan (the
“Plan”) is to advance the interests of the stockholders of the Company by enhancing the Company’s ability to attract, retain, and motivate persons who make or are expected to make important contributions to the Company and its
Subsidiaries by providing such persons with equity ownership opportunities and performance-based incentives, thereby better aligning the interests of such persons with those of the Company’s stockholders. In addition, by encouraging stock
ownership by directors who are not employees of the Company or its Subsidiaries, the Company seeks to attract and retain on its Board persons of exceptional competence and to provide a further incentive to serve as a director of the Company.

 (b) Definitions. The following terms shall have the following respective meanings unless the context requires
otherwise: 
 (1) The term “Administrator” shall mean the Board of Directors. 

(2) The term “Affiliate” or “Affiliates” shall have the meaning set forth in Rule 12b-2 promulgated under
Section 12 of the Exchange Act. 
 (3) The term “Beneficial Owner” shall mean beneficial owner as defined in
Rule 13d-3 under the Exchange Act. 
 (4) The term “Board” shall mean the Board of Directors of the Company.

 (5) The term “Code” shall mean the Internal Revenue Code of 1986, or any successor thereto, as the same may be
amended and in effect from time to time. 
 (6) The term “Company” shall mean Biovest International, Inc., a Delaware
corporation. 
 (7) The term “Employee” shall mean a person who is employed by the Company or any Subsidiary,
including an officer or director of the Company or any Subsidiary who is also an employee of the Company or any Subsidiary. 

(8) The term “Exchange Act” shall mean the Securities Exchange Act of 1934, or any successor thereto, as the same may be
amended and in effect from time to time. 
 (9) The term “Fair Market Value” shall mean, with respect to a share of
Stock, if the Stock is then listed and traded on a registered national or regional securities 

 
exchange, or quoted on The National Association of Securities Dealers’ Automated Quotation System (including The Nasdaq Stock Market’s National Market), the average closing price of a
share of Stock on such exchange or quotation system for the five trading days immediately preceding the date of grant of an Option or Stock Appreciation Right, or, if Fair Market Value is used herein in connection with any event other than the grant
of an Option or Stock Appreciation Right, then such average closing price for the five trading days immediately preceding the date of such event. If the Stock is not traded on a registered securities exchange or quoted in such a quotation system,
the Administrator shall determine the Fair Market Value of a share of Stock. 
 (10) The term “Incentive Stock
Option” means an option granted under this Plan and which is an incentive stock option within the meaning of Section 422 of the Code, or the corresponding provision of any subsequently enacted tax statute. 

(11) The term “Non-Employee Director” shall mean any member of the Company’s Board who is not an employee of the Company
or of any Affiliate of the Company. 
 (12) The term “Nonqualified Stock Option” shall mean an option granted under
the Plan which is not an Incentive Stock Option. 
 (13) The term “Option” or “Options” shall mean the
option to purchase Stock in accordance with Section 4 on such terms and conditions as may be prescribed by the Administrator, whether or not such option is an Incentive Stock Option. 

(14) The term “Other Stock-Based Awards” shall mean awards of Stock or other rights made in accordance with Section 5 on
such terms and conditions as may be prescribed by the Administrator. 
 (15) The term “Participant” shall mean any
eligible person who is granted a Plan Award hereunder. 
 (16) The term “Performance Goals” shall mean one or more
business criteria based on individual, business unit, group, Company or other performance criteria selected by the Administrator. 
 (17) The term “Plan” shall mean the 2006 Biovest International, Inc. Equity Incentive Plan, as the same may be amended and in effect from time to time. 

(18) The term “Plan Awards” or “Awards” shall mean awards or grants of stock Options and various other rights with
respect to shares of Stock. 
 (19) The term “Stock Appreciation Right” shall mean the right to receive, without
payment to the Company, an amount of cash or Stock as determined in accordance with Section 4, based on the amount by which the Fair Market Value of a share of Stock on the relevant valuation date exceeds the grant price. 

  
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 (20) The term “Stock” shall mean shares of the Company’s common stock, par
value $.01 per share. 
 (21) The term “Subsidiary” shall mean any “subsidiary corporation” within the
meaning of Section 424(f) of the Code. 
 (22) The term “Ten Percent Stockholder” shall mean an individual who
owns stock possessing more than ten percent (10%) of the combined voting power of all classes of stock of the Company or of its parent or subsidiary corporations within the meaning of Code Section 422. 

 

	Section 2.	ADMINISTRATION AND PARTICIPANTS 

 (a) Administration. The Plan shall be administered by the Board of Directors or by any other committee appointed by the Board. If the Company has a class of securities registered under the Exchange
Act, then such committee shall consist of not fewer than two members of the Board, each of whom shall qualify (at the time of appointment to the committee and during all periods of service on the committee) in all respects as a “non-employee
director” as defined in Rule 16b-3 under the Exchange Act and as an outside director as defined in Section 162(m) of the Code and the regulations thereunder. The Administrator shall administer the Plan and perform such other functions as
are assigned to it under the Plan. The Administrator is authorized, subject to the provisions of the Plan, from time to time to establish such rules and regulations as it may deem appropriate for the proper administration of the Plan and to make
such determinations under, and such interpretations of, and to take such steps in connection with, the Plan and the Plan Awards as it may deem necessary or advisable, in each case in its sole discretion. The Administrator’s decisions and
determinations under the Plan need not be uniform and may be made selectively among Participants, whether or not they are similarly situated. Any authority granted to the Administrator may also be exercised by the entire Board. To the extent that
any permitted action taken by the Board conflicts with any action taken by the Administrator, the Board action shall control. To the extent permitted by applicable law and except for Awards granted to Persons who are subject to Section 16 of
the Exchange Act, the Administrator may delegate any or all of its powers or duties under the Plan, including, but not limited to, its authority to make awards under the Plan to such person or persons as it shall appoint pursuant to such conditions
or limitations as the Administrator may establish; provided, however, that the Administrator shall not delegate its authority to amend or modify the Plan pursuant to the provisions of Section 12(b) of the Plan. To the extent of any such
delegation, the term “Administrator” when used herein shall mean and include any such delegate. 

  
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 (b) Eligibility for Participation. Any Employee, director, officer, consultant, or
advisor of the Company or its Subsidiaries may be granted Awards under the Plan, provided that consultants or advisors may only be granted Awards under the Plan if they are natural persons that provide bona fide services to the Company or its
Subsidiaries. The Administrator shall designate each individual who will become a Participant. The Administrator’s designation of a Participant in any year shall not require the Administrator to designate such person to receive a Plan Award in
any other year. 
  

	Section 3.	STOCK AVAILABLE FOR PLAN AWARDS 

 (a) Stock Subject to Plan. The Stock to be subject to or related to Plan Awards may be either authorized and unissued shares or shares held in the treasury of the Company. The maximum number of
shares of Stock with respect to which Plan Awards may be granted under the Plan, subject to adjustment in accordance with the provisions of Section 9, shall be Twenty million (20,000,000) shares. 

(b) Computation of Stock Available for Plan Awards. For the purpose of computing the total number of shares of Stock remaining
available for Plan Awards under this Plan at any time while the Plan is in effect, the total number of shares determined to be available pursuant to subsections (a) and (c) of this Section 3 shall be reduced by, (1) the maximum
number of shares of Stock subject to issuance upon exercise of outstanding Options or outstanding Stock Appreciation Rights granted under this Plan; (2) the maximum number of shares of Stock subject to issuance upon exercise of outstanding
Options or outstanding Stock Appreciation Rights granted under the Company’s 2000 Stock Option Plan (the “2000 Plan”); and (3) the maximum number of shares of Stock related to outstanding Other Stock-Based Awards granted under
this Plan, as determined by the Administrator in each case as of the dates on which such Plan Awards were granted. 
 (c)
Terminated, Expired or Forfeited Plan Awards. The shares involved in the unexercised or undistributed portion of any terminated, expired or forfeited Plan Award, including any unexercised or undistributed portion of any terminated, expired or
forfeited award under the 2000 Plan, shall be made available for further Plan Awards. 

  
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	Section 4.	OPTIONS AND STOCK APPRECIATION RIGHTS 

 (a) Grant of Options. 
 (1) The Administrator, at any time and from time
to time while the Plan is in effect, may grant Options to such Employees and other eligible individuals as the Administrator may select, subject to the provisions of this Section 4 and Section 3 of the Plan. Subject to any limitations set
forth in the Plan, the Administrator shall have complete discretion in determining: (a) the eligible individuals to be granted an Option; (b) the number of shares of Stock to be subject to the Option; (c) whether the Option is to be
an Incentive Stock Option or a Nonqualified Stock Option; provided that, Incentive Stock Options may be granted only to Employees of the Company or a Subsidiary; and (d) any other terms and conditions of the Option as determined by the
Administrator in its sole discretion. 
 (2) Unless otherwise determined by the Administrator, Incentive Stock Options:
(a) will be exercisable at a purchase price per share of not less than One Hundred percent (100%) (or, in the case of a Ten Percent Stockholder, one hundred and ten percent (110%)) of the Fair Market Value of the Stock on the date of
grant; (b) will be exercisable over not more than ten (10) years (or, in the case of a Ten Percent Stockholder, five (5) years) after the date of grant; (c) will terminate not later than three (3) months after the
Participant’s termination of employment for any reason other than disability or death, except that Stock Options granted to Non-Employee Directors shall terminate not later than five years after the Non-Employee Director’s termination of
membership on the Board of Directors; (d) will terminate not later than twelve (12) months after the Participant’s termination of employment as a result of a disability (within the meaning of Code Section 424); and (e) will
comply in all other respects with the provisions of Code Section 422. 
 (3) Nonqualified Stock
Options will be exercisable at purchase prices of not less than one hundred percent (100%) of the Fair Market Value of the Stock on the date of grant, unless otherwise determined by the Administrator. Nonqualified Stock Options will be
exercisable during such periods or on such date as determined by the Administrator and shall terminate at such time as the Administrator shall determine. Nonqualified Stock Options shall be subject to such terms and conditions as are determined by
the Administrator; provided that any Option granted to a Section 162(m) Participant shall either have a purchase price of not less than one hundred percent (100%) of the Fair Market Value of the Stock on the date of grant or be
subject to the attainment of such Performance Goals as are established by the Administrator, unless otherwise determined by the Administrator. 
 (4) Each award agreement evidencing an Incentive Stock Option shall provide that, to the extent that the aggregate Fair Market Value of Stock (as determined on the date of the option grant) that may be
purchased by a Participant for the first time during any calendar year pursuant Incentive Stock Options granted under the Plan or any other plan of the Company or its Subsidiaries exceeds $100,000, then such option as to the excess shall be treated
as a Nonqualified Stock Option. This limitation shall be applied by taking stock options into account in the order in which they were granted. 

  
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 (b) Grant of Stock Appreciation Rights. 

(1) The Administrator, at any time and from time to time while the Plan is in effect, may grant Stock Appreciation Rights to such
Employees and other eligible individuals as it may select, subject to the provisions of this Section 4 and Section 3 of the Plan. Each Stock Appreciation Right may relate to all or a portion of a specific Option granted under the Plan and
may be granted concurrently with the Option to which it relates or at any time prior to the exercise, termination or expiration of such Option (a “Tandem SAR”), or may be granted independently of any Option, as determined by the
Administrator. If the Stock Appreciation Right is granted independently of an Option, the grant price of such right shall be the Fair Market Value of Stock on the date of grant of such Stock Appreciation Right; provided, however, that the
Administrator may, in its discretion, fix a grant price in excess of the Fair Market Value of Stock on such grant date. 
 (2)
Upon exercise of a Stock Appreciation Right, the Participant shall be entitled to receive, without payment to the Company, either (A) that number of shares of Stock determined by dividing (i) the total number of shares of Stock subject to
the Stock Appreciation Right being exercised by the Participant, multiplied by the amount by which the Fair Market Value of a share of Stock on the day the right is exercised exceeds the grant price (such amount being hereinafter referred to as the
“Spread”), by (ii) the Fair Market Value of a share of Stock on the exercise date; or (B) cash in an amount determined by multiplying (i) the total number of shares of Stock subject to the Stock Appreciation Right being
exercised by the Participant, by (ii) the amount of the Spread; or (C) a combination of shares of Stock and cash, in amounts determined as set forth in clauses (A) and (B) above, as determined by the Administrator in its sole
discretion; provided, however, that, in the case of a Tandem SAR, the total number of shares which may be received upon exercise of a Stock Appreciation Right for Stock shall not exceed the total number of shares subject to the related Option
or portion thereof, and the total amount of cash which may be received upon exercise of a Stock Appreciation Right for cash shall not exceed the Fair Market Value on the date of exercise of the total number of shares subject to the related Option or
portion thereof. 
 (c) Terms and Conditions. 
 (1) Each Option and Stock Appreciation Right granted under the Plan shall be exercisable on such date or dates, during such period, for such number of shares and subject to such further conditions,
including but not limited to the attainment of Performance Goals, as shall be determined by the Administrator in its sole discretion and set forth in the provisions of the award agreement with respect to such Option and Stock Appreciation Right;
provided, however, that a Tandem SAR shall not be exercisable prior to or later than the time the related Option could be exercised; and provided, further, that in any event no Option or Stock Appreciation Right shall be exercised
beyond ten (10) years from the date of grant. 

  
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 (2) The Administrator may impose such conditions as it may deem appropriate upon the
exercise of an Option or a Stock Appreciation Right, including, without limitation, a condition that the Option or Stock Appreciation Right may be exercised only in accordance with rules and regulations adopted by the Administrator from time to time
and consistent with the Plan. 
 (3) With respect to Options issued with Tandem SARs, the right of a Participant to exercise
the Tandem SAR shall be cancelled if and to the extent the related Option is exercised, and the right of a Participant to exercise an Option shall be cancelled if and to the extent that shares covered by such Option are used to calculate shares or
cash received upon exercise of the Tandem SAR. 
 (4) If any fractional share of Stock would otherwise be issued to a
Participant upon the exercise of an Option or Stock Appreciation Right, the Participant shall be paid a cash amount equal to the same fraction of the Fair Market Value of the Stock on the date of exercise. 

(d) Award Agreement. Each Option and Stock Appreciation Right shall be evidenced by an award agreement in such form and containing
such provisions not inconsistent with the provisions of the Plan as the Administrator from time to time shall approve. 
 (e)
Payment for Option Shares. 
 (1) Payment for shares of Stock purchased upon exercise of an Option granted hereunder
shall be made in such manner as is provided in the applicable award agreement. 
 (2) Any payment for shares of Stock purchased
upon exercise of an Option granted hereunder shall be made in cash. Notwithstanding the foregoing, if permitted by the Award Agreement or otherwise permitted by the Administrator, the payment may be made by delivery of shares of Stock beneficially
owned by the Participant, or attestation by the Participant to the ownership of a sufficient number of shares of Stock, or by a combination of cash and Stock, at the election of the Participant; provided, however, that any shares of Stock so
delivered or attested shall have been beneficially owned by the Participant for a period of not less than six (6) months prior to the date of exercise. Any such shares of Stock so delivered or attested shall be valued at their Fair Market Value
on the date of such exercise. The Administrator shall determine whether and if so the extent to which actual delivery of share certificates to the Company shall be required. The Administrator also may authorize payment in accordance with a cashless
exercise program under which, if so instructed by the Participant, Stock may be issued directly to the Participant’s broker upon receipt of the Option purchase price in cash directly to the broker. 

  
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 (3) To the extent that the payment of the exercise price for the Stock purchased pursuant
to the exercise of an Option is made with shares of Stock as provided in Section 4(e)(2) of the Plan, then, at the discretion of the Administrator, the Participant may be granted a replacement Option under the Plan to purchase a number of
shares of Stock equal to the number of shares tendered or attested to as permitted in Section 4(e)(2) hereof, with an exercise price per share equal to the Fair Market Value on the date of grant of such replacement Option and with a term
extending to the expiration date of the original Option. 
 (f) Nonqualified Stock Option Awards to Non-Employee
Directors. 
 (1) Each Non-Employee Director shall automatically be granted Nonqualified Stock Options under the Plan in
the manner set forth in this Section 4(f). A Non-Employee Director may hold more than one Nonqualified Stock Option, but only on the terms and subject to any restrictions set forth herein. 

(2) Each Non-Employee Director (if he or she continues to serve in such capacity) shall, on the day following the annual meeting of
shareholders in each year during the time the Plan is in effect, automatically be granted a Non-Qualified Stock Option to purchase a number of shares of Stock that is equal to the sum of (i) 60,000 shares plus (ii) 15,000 shares for each
standing Board committee on which the Non-Employee Director serves as of the grant date, plus (iii) 15,000 shares of Stock for each standing Board committee for which the Non-Employee Director serves as the chairperson as of the grant date
(which number of shares shall be subject to adjustment in the manner provided in Section 9 of the Plan). For purposes of this Plan, the term “standing Board committee” means the Audit Committee, Compensation Committee, Governance and
Nominating Committee and Clinical Trial and Manufacturing Committee of the Board, or any successor to such committees. Nonqualified Stock Options shall be automatically granted to Non-Employee Directors under the Plan only for so long as the Plan
remains in effect and a sufficient number of Shares are available hereunder for the granting of such Options. 
 (3) The
exercise price per Share for a Non-Qualified Stock Option granted to a Non-Employee Director under the Plan shall be equal to 110% of the Fair Market Value of a share of Stock on the date of grant of such Option. 

(4) Nonqualified Stock Options granted to Non-Employee Directors under the Plan are fully vested on the date of grant. Notwithstanding
the foregoing, such Options shall terminate on the earlier of: 
 (A) ten years after the date of grant; or

 (B) five years after the Non-Employee Director ceases to be a director of the Company for any reason,
including as a result of the Non-Employee Director’s death, disability or retirement. 

  
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 (g) Transfer of Control. Upon a merger, consolidation, corporate
reorganization, or any transaction in which all or substantially all of the assets or stock of the Company are sold, leased, transferred or otherwise disposed of (other than a mere reincorporation transaction or one in which the holders of capital
stock of the Company immediately prior to such merger or consolidation continue to hold at least a majority of the voting power of the surviving corporation) (a “Transfer of Control”), then any unexercisable portion of an
outstanding Option shall become immediately exercisable as of a date prior to the Transfer of Control, which date shall be determined by the Board in its sole discretion. The exercise of any Option that was permissible solely by reason of this
Paragraph 8 shall be conditioned upon the consummation of the Transfer of Control. The Board may further determine, in its sole discretion, to provide that any Options which become exercisable solely by reason of this Paragraph 8 and which are not
exercised as of the date of the Transfer of Control shall terminate effective as of the date of the Transfer of Control. Notwithstanding the foregoing, an outstanding Option shall not so accelerate if and to the extent: (i) such Option is, in
connection with a Transfer of Control, either to be assumed by the successor corporation (or parent thereof) or to be replaced with a comparable option to purchase shares of the capital stock of the successor corporation (or parent thereof),
(ii) such Option is to be replaced with a cash incentive program of the successor corporation which preserves the spread existing on the unvested Option at the time of such Transfer of Control and provides for subsequent payout in accordance
with the same vesting schedule applicable to such Option or (iii) the acceleration of such Option is subject to other limitations imposed by the Board at the time of the grant of the Option. The determination of option comparability under
clause (i) above shall be made by the Board in its sole discretion, and its determination shall be final, binding and conclusive. 

  
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	Section 5.	STOCK AND OTHER STOCK-BASED AND COMBINATION AWARDS 

 (a) Grants of Other Stock-Based Awards. The Administrator, at any time and from time to time while the Plan is in effect, may grant Other Stock-Based Awards to such Employees or other eligible
individuals as it may select. Such Plan Awards pursuant to which Stock is or may in the future be acquired, or Plan Awards valued or determined in whole or part by reference to or otherwise based on Stock, may include, but are not limited to, awards
of restricted Stock or Plan Awards denominated in the form of “stock units”, grants of so-called “phantom stock” and options containing terms or provisions differing in whole or in part from Options granted pursuant to
Section 4 of the Plan. Other Stock-Based Awards may be granted either alone, in addition to, in tandem with or as an alternative to any other kind of Plan Award, grant or benefit granted under the Plan or under any other employee plan of the
Company or Subsidiary, including a plan of any acquired entity. Each Other Stock-Based Award shall be evidenced by an award agreement in such form as the Administrator may determine. 

(b) Terms and Conditions. Subject to the provisions of the Plan, the Administrator shall have the authority to determine the time
or times at which Other Stock-Based Awards shall be made, the number of shares of Stock or stock units and the like to be granted or covered pursuant to such Plan Awards (subject to the provisions of Section 3 of the Plan) and all other terms
and conditions of such Plan Awards, including, but not limited to, whether such Plan Awards shall be subject to the attainment of Performance Goals, and whether such Plan Awards shall be payable or paid in cash, Stock or otherwise. 

(c) Consideration for Other Stock-Based Awards. In the discretion of the Administrator, any Other Stock-Based Award may be granted
as a Stock bonus for no consideration other than services rendered. 

  
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 (d) Dividend Equivalents on Plan Awards. 

(1) The Administrator may determine that a Participant to whom an Other Stock-Based Award is granted shall be entitled to receive
payment of the same amount of cash that such Participant would have received as cash dividends if, on each record date during the performance or restriction period relating to such Plan Award, such Participant had been the holder of record of a
number of shares of Stock subject to the Award (as adjusted pursuant to Section 9 of the Plan). Any such payment may be made at the same time as a dividend is paid or may be deferred until such later date as is determined by the Administrator
in its sole discretion. Such cash payments are hereinafter called “dividend equivalents”. 
 (2) Notwithstanding the
provisions of subsection (d)(1) of this Section 5, the Administrator may determine that, in lieu of receiving all or any portion of any such dividend equivalent in cash, a Participant shall receive an award of whole shares of Stock having a
Fair Market Value approximately equal to the portion of such dividend equivalent that was not paid in cash. Certificates for shares of Stock so awarded may be issued as of the payment date for the related cash dividend or may be deferred until a
later date, and the shares of Stock covered thereby may be subject to the terms and conditions of the Plan Award to which it relates (including but not limited to the attainment of any Performance Goals) and the terms and conditions of the Plan, all
as determined by the Administrator in its sole discretion. 
  

	Section 6.	AWARDS TO PARTICIPANTS OUTSIDE OF THE UNITED STATES 

 In order to facilitate the granting of Plan Awards to Participants who are foreign nationals or who reside or work outside of the United States of America, the Administrator may provide for such special
terms and conditions, including without limitation substitutes for Plan Awards, as the Administrator may consider necessary or appropriate to accommodate differences in local law, tax policy or custom. Such substitutes for Plan Awards may include a
requirement that the Participant receive cash, in such amount as the Administrator may determine in its sole discretion, in lieu of any Plan Award or share of Stock that would otherwise have been granted to or delivered to such Participant under the
Plan. The Administrator may approve any supplements to, or amendments, restatements or alternative versions of the Plan as it may consider necessary or appropriate for purposes of this Section 6 without thereby affecting the terms of the Plan
as in effect for any other purpose, and the Secretary or other appropriate officer of the Company may certify any such documents as having been approved and adopted pursuant to properly delegated authority; provided, however, that no such
supplements, amendments, restatements or alternative versions shall include any provision that is inconsistent with the terms of the Plan as then in effect. Participants subject to the laws of a foreign jurisdiction may request copies of, or the
right to view, any materials that are required to be provided by the Company pursuant to the laws of such jurisdiction. 

  
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	Section 7.	PAYMENT OF PLAN AWARDS AND CONDITIONS THEREON 

 (a) Issuance of Shares. Certificates for shares of Stock issuable pursuant to a Plan Award shall be issued to and registered in the name of the Participant who received such Award. The
Administrator may require that such certificates bear such restrictive legend as the Administrator may specify and be held by the Company in escrow or otherwise pursuant to any form of agreement or instrument that the Administrator may specify. If
the Administrator has determined that deferred dividend equivalents shall be payable to a Participant with respect to any Plan Award pursuant to Section 5(d) of the Plan, then concurrently with the issuance of such certificates, the Company
shall deliver to such Participant a cash payment or additional shares of Stock in settlement of such dividend equivalents. 

(b) Substitution of Shares. Notwithstanding the provisions of this subsection (b) or any other provision of the Plan, the
Administrator may specify that a Participant’s Plan Award shall not be represented by certificates for shares of Stock but shall be represented by rights approximately equivalent (as determined by the Administrator) to the rights that such
Participant would have received if certificates for shares of Stock had been issued in the name of such Participant in accordance with subsection (a) of this Section 7 (such rights being called “Stock Equivalents”). Subject to
the provisions of Section 9 of the Plan and the other terms and provisions of the Plan, if the Administrator shall so determine, each Participant who holds Stock Equivalents shall be entitled to receive the same amount of cash that such
Participant would have received as dividends if certificates for shares of Stock had been issued in the name of such Participant pursuant to subsection (a) of this Section 7 covering the number of shares equal to the number of shares to
which such Stock Equivalents relate. Notwithstanding any other provision of the Plan to the contrary, the Stock Equivalents may, at the option of the Administrator, be converted into an equivalent number of shares of Stock or, upon the expiration of
any restriction period imposed on such Stock Equivalents, into cash, under such circumstances and in such manner as the Administrator may determine. 
 (c) Cooperation. Anything contained in the Plan to the contrary notwithstanding, if the employment of any Participant shall terminate, for any reason other than death, while any Plan Award granted
to such Participant is outstanding hereunder, and such Participant has not yet received the Stock covered by such Plan Award or otherwise received the full benefit of such Plan Award, such Participant, if otherwise entitled thereto, shall receive
such Stock or benefit only if, during the entire period from the date of such Participant’s termination to the date of such receipt, such Participant shall have made himself or herself available, upon request, at reasonable times and upon a
reasonable basis, to consult with, supply information to, and otherwise cooperate with the Company; provided, however, that the failure to comply with such condition may at any time (whether before, at the time of or subsequent to termination
of employment) be waived by the Administrator upon its determination that in its sole judgment there shall not have been and will not be any such substantial adverse effect. 

  
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 (d) Tax and Other Withholding. Prior to any distribution of cash, Stock or any other
benefit available under a Plan Award (including payments under Section 5(d) and Section 7(b) of the Plan) to any Participant, appropriate arrangements (consistent with the Plan and any rules adopted hereunder) shall be made for the payment
of any taxes and other amounts required to be withheld by federal, state or local law. 
 (e) Substitution. The
Administrator, in its sole discretion, may substitute a Plan Award for another outstanding Plan Award or Plan Awards of the same or different type, so long as the substituted Plan Award is substantially equivalent in value to the outstanding Award
for which the substitution is being made. 
  

	Section 8.	NON-TRANSFERABILITY OF PLAN AWARDS 

 (a) Restrictions on Transfer of Awards. Plan Awards shall not be assignable or transferable by the Participant other than by will or by the laws of descent and distribution except that the
Participant may, with the consent of the Administrator, transfer, without consideration, Plan Awards that do not constitute Incentive Stock Options to the Participant’s children, stepchildren, grandchildren, parent(s), stepparent(s),
grandparent(s), spouse, sibling(s), mother-in-law, father-in-law, son(s)-in-law, daughter(s)-in-law, brother(s)-in-law or sister(s)-in-law, and to persons with whom the Participant has an adoptive relationship, (or to one or more trusts for the
benefit of any such family members or to one or more partnerships in which any such family members are the only partners). 

(b) Attachment and Levy. No Plan Award shall be subject, in whole or in part, to attachment, execution or levy of any kind, and
any purported transfer in violation hereof shall be null and void. Without limiting the generality of the foregoing, no domestic relations order purporting to authorize a transfer of a Plan Award, or to grant to any person other than the Participant
the authority to exercise or otherwise act with respect to a Plan Award, shall be recognized as valid. 
  

	Section 9.	ADJUSTMENTS TO AWARDS 

 In
the event that the Administrator shall determine that any dividend or other distribution (whether in the form of cash, Stock, other securities, or other property), recapitalization, stock split, reverse stock split, reorganization, merger,
consolidation, split-up, spin-off, combination, repurchase, or exchange of Stock or other securities of the Company, issuance of warrants or other rights to purchase Stock or other securities of the Company, or other similar corporate transaction or
event affects the Stock such that an adjustment is determined by the Administrator to be appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, then the
Administrator may, in such manner as it may deem equitable, adjust any or all of (i) the number and type of Stock subject to the Plan and which thereafter may be made the subject of Awards under the Plan, (ii) the number and type of Stock
subject to outstanding Awards, and (iii) the grant, purchase, or exercise price with respect to any Award, or, if deemed appropriate, make provision for a cash payment to the holder of an outstanding Award;

  
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provided, however, in each case, that with respect to Awards of Incentive Stock Options no such adjustment shall be authorized to the extent that such authority would cause the Plan to
violate Section 422(b) of the Code (or any successor provision thereto); and provided further that the number of shares of Stock subject to any Award payable or denominated in Stock shall always be a whole number. Notwithstanding the
foregoing, Nonqualified Stock Options subject to grant or previously granted to Non-Employee Directors under Section 4(f) of the Plan at the time of any event described in the preceding sentence shall be subject to only such adjustments as
shall be necessary to maintain the relative proportionate interest represented thereby immediately prior to any such event and to preserve, without exceeding, the value of such Options. 

 

	Section 10.	UNFUNDED STATUS OF THE PLAN 

 Unless otherwise determined by the Administrator, the Plan shall be unfunded and shall not create (or be construed to create) a trust or a separate fund or funds. The Plan shall not establish any
fiduciary relationship between the Company and any Participant, any Non-Employee Director, or other Person. To the extent any Person holds any right by virtue of a grant under the Plan, such right (unless otherwise determined by the Administrator)
shall be no greater than the right of an unsecured general creditor of the Company. 
  

	Section 11.	RIGHTS AS A STOCKHOLDER 

A Participant shall not have any rights as a stockholder with respect to any share covered by any Plan Award until such Participant shall
have become the holder of record of such share. 
  

	Section 12.	TERM, AMENDMENT, MODIFICATION AND TERMINATION OF THE PLAN AND AGREEMENTS 

 (a) Term. Unless the Plan is terminated earlier pursuant to subsection (b) of this Section 12, no Incentive Stock Options may be granted under the Plan after ten (10) years from the
earlier of the date the Plan is adopted by the Board or the date the Plan is duly approved by the shareholders of the Company. 

(b) Amendment, Modification and Termination of Plan. The Board may, at any time, amend or modify the Plan or any outstanding Plan
Award, including without limitation, to authorize the Administrator to make Plan Awards payable in other securities or other forms of property of a kind to be determined by the Administrator, and such other amendments as may be necessary or
desirable to implement such Plan Awards, and may terminate the Plan or any provision thereof; provided, however, that no amendment shall be made without the approval of the stockholders of the Company if such approval would be required by the
Code. Subject to the provisions of subsection (c) of this Section 12, the Administrator may, at any time and from time to time, amend or modify any outstanding Plan Award to the extent not inconsistent with the terms of the Plan.

  
 14 

 (c) Limitation. Subject to the provisions of subsection (e) of this
Section 12, no amendment to or termination of the Plan or any provision hereof, and no amendment or cancellation of any outstanding Plan Award, by the Board, the Administrator or the stockholders of the Company, shall, without the written
consent of the affected Participant, adversely affect any outstanding Plan Award. 
 (d) Survival. The
Administrator’s authority to act with respect to any outstanding Plan Award and the Board’s authority to amend the Plan shall survive termination of the Plan. 
 (e) Amendment for Changes in Law. Notwithstanding the foregoing provisions, the Board and Administrator shall have the authority to amend outstanding Plan Awards and the Plan to take into account
changes in law and tax and accounting rules as well as other developments, and to grant Plan Awards that qualify for beneficial treatment under such rules, without stockholder approval (unless otherwise required by law or the applicable rules of any
securities exchange on which the Stock is then traded) and without Participant consent. 
  

	Section 13.	INDEMNIFICATION AND EXCULPATION 

 (a) Indemnification. Each person who is or shall have been a member of the Board and the Administrator shall be indemnified and held harmless by the Company against and from any and all loss, cost,
liability or expense that may be imposed upon or reasonably incurred by such person in connection with or resulting from any claim, action, suit or proceeding to which such person may be or become a party or in which such person may be or become
involved by reason of any action taken or failure to act under the Plan and against and from any and all amounts paid by such person in settlement thereof (with the Company’s written approval) or paid by such person in satisfaction of a
judgment in any such action, suit or proceeding, except a judgment in favor of the Company based upon a finding of such person’s lack of good faith; subject, however, to the condition that, upon the institution of any claim, action, suit
or proceeding against such person, such person shall in writing give the Company an opportunity, at its own expense, to handle and defend the same before such person undertakes to handle and defend it on such person’s behalf. The foregoing
right of indemnification shall not be exclusive of any other right to which such person may be entitled as a matter of law or otherwise, or any power that the Company may have to indemnify or hold such person harmless. 

(b) Exculpation. Each member of the Board and the Administrator, and each officer and employee of the Company, shall be fully
justified in relying or acting in good faith upon any information furnished in connection with the administration of the Plan by any appropriate person or persons other than such person. In no event shall any person who is or shall have been a
member of the Board, or the Administrator, or an officer or employee of the Company, be held liable for any determination made or other action taken or any omission to act in reliance upon any such information, or for any action (including the
furnishing of information) taken or any failure to act, if in good faith. 

  
 15 

	Section 14.	EXPENSES OF PLAN 

 The
entire expense of offering and administering the Plan shall be borne by the Company and its participating Subsidiaries; provided, that the costs and expenses associated with the redemption or exercise of any Plan Award, including but not
limited to commissions charged by any agent of the Company, may be charged to the Participants. 
  

	Section 15.	FINALITY OF DETERMINATIONS 

Each determination, interpretation, or other action made or taken pursuant to the provisions of the Plan by the Board or the Administrator
shall be final and shall be binding and conclusive for all purposes and upon all persons, including, but without limitation thereto, the Company, its Subsidiaries, the stockholders, the Administrator, the directors, officers, and employees of the
Company and its Subsidiaries, the Participants, and their respective successors in interest. 
  

	Section 16.	NO RIGHTS TO CONTINUED EMPLOYMENT OR TO PLAN AWARD 

 (a) No Right to Employment. Nothing contained in this Plan, or in any booklet or document describing or referring to the Plan, shall be deemed to confer on any Participant the right to continue as
an employee of the Company or any Subsidiary, whether for the duration of any performance period, restriction period, or vesting period under a Plan Award, or otherwise, or affect the right of the Company or Subsidiary to terminate the employment of
any Participant for any reason. 
 (b) No Right to Award. No Employee or other person shall have any claim or right to be
granted a Plan Award under the Plan. Receipt of an Award under the Plan shall not give a Participant or any other person any right to receive any other Plan Award under the Plan. A Participant shall have no rights in any Plan Award, except as set
forth herein and in the applicable award agreement. 
  

	Section 17.	GOVERNING LAW AND CONSTRUCTION 

 The Plan and all actions taken hereunder shall be governed by, and the Plan shall be construed in accordance with, the laws of the State of Delaware without regard to principles of conflict of laws.
Titles and headings to Sections are for purposes of reference only, and shall in no way limit, define or otherwise affect the meaning or interpretation of the Plan. 

  
 16Form of Key Executive Performance-Based Award RSU Agreement

 Exhibit 10.2 
 ACCENTURE PLC 
 2010 SHARE INCENTIVE PLAN 

RESTRICTED SHARE UNIT AGREEMENT 
 (Key Executive Performance-Based Award) 
 Accenture plc, a company incorporated
under the laws of Ireland, (the “Company”), hereby grants, as of [      date      ], to
[      Name      ] (the “Participant”), a total number of [      number      ]
Restricted Share Units (“RSUs”), on the terms and conditions set forth herein. This grant is made pursuant to the terms of the Accenture plc 2010 Share Incentive Plan (the “Plan”), which Plan, as amended from time to time, is
incorporated herein by reference and made a part of this Restricted Share Unit Agreement (this “Agreement”). 

Capitalized terms not otherwise defined in this Agreement shall have the same meaning ascribed to them in the Plan. The terms and
conditions of the RSUs granted hereunder, to the extent not controlled by the terms and conditions contained in the Plan, are as follows: 
 1. Performance-Based Vesting. 
 (a) Performance Period. The RSUs shall vest, if at
all, based upon the attainment of specific pre-established financial performance objectives (the “Performance Objectives”) by the Company for the period commencing on
[      date      ], and ending on [      date + [3 years]      ], (the “Performance
Period”), as set forth in this Section 1. 
 (b) Service Relationship. Except as provided in Section 2(a), RSUs
that are unvested as of the termination of the Participant’s full-time employment status with the Company or any of its Subsidiaries (collectively, the “Constituent Companies”) shall be immediately forfeited as of such termination and
the Company shall have no further obligations with respect thereto. Such employment status shall hereinafter be referred to in this Agreement as “Qualified Status.” 
 (c) Total Shareholder Return. 
 (i) Up to twenty-five percent (25%) of the
RSUs granted to the Participant pursuant to this Agreement shall vest, if at all, based upon the Total Shareholder Return for the Company, as compared to the Comparison Companies, for the Performance Period in the manner set forth on Exhibit 1-A
hereto. 
 (ii) For purposes of this Agreement, Total Shareholder Return with respect to the Company and each of the Comparison
Companies shall mean the quotient of (A) the Fair Market Value of the stock of the particular company or index on[      end date      ], divided by (B) the Fair
Market Value of the stock of such company or index on [      start date      ]. For purposes of calculating a company’s Total Shareholder Return, the Fair Market Value of
the stock of any company on [      end date      ] shall be adjusted to reflect any and all cash, stock or in-kind dividends paid on the stock of such company during the
Performance Period as follows: the Fair Market Value of the stock of the company on [      end date      ] shall be multiplied by the sum of (Y) one (1) plus
(Z) the number of whole and fractional shares of the stock of the company that (i) were actually received in respect of one share (or such greater number of shares that are deemed to have been held at such time pursuant to this clause
(c)(ii)) by way of a stock dividend and (ii) would otherwise result assuming each cash dividend paid on the stock (or fair market value of any in-kind dividend, as determined by the Committee) of the company during the Performance Period was
used to purchase additional whole and/or fractional shares of stock of the company on the record date of such dividend based on the fair market value of the stock of the company (as determined by the Committee), or with respect to the Company, the
Fair Market Value of a Share, on the record date of such dividend. 
 (iii) If at any time prior to the completion of the
Performance Period, a Comparison Company ceases to be a publicly-traded company, merges or consolidates with another company, is acquired or disposes of a significant portion of its businesses as they exist on the date of this Agreement or
experiences any other extraordinary event as determined by the Committee in its sole discretion, the Committee, in its sole discretion, may remove such Comparison Company or ratably adjust the calculation of the Total Shareholder Return with respect
to such Comparison Company. 

 (iv) For purposes of this Agreement: (i) “Comparison Companies” shall mean
Automated Data Processing (ADP), Cap Gemini S.A., Cisco Systems, Inc. (CSCO), Computer Sciences Corporation (CSC), EMC Corporation (EMC), Hewitt Associates, Inc. (HEW), Hewlett-Packard Company (HPQ), International Business Machines Corporation
(IBM), Lockheed Martin Corporation (LMT), Microsoft Corporation (MSFT), Oracle Corporation (ORCL), SAIC Inc (SAI), Sapient Corporation (SAPE), Xerox Corp. (XRX)and the S&P 500 Index (SPX); and (ii) the “Fair Market Value” of
(A) a share of stock of a company on a given date shall mean the average of the high and low trading price of the stock of the company, as reported on the principal exchange on which the stock of such company is traded (or, if the stock is not
traded on an exchange but is quoted on Nasdaq or a successor quotation system, the average of the mean between the closing representative bid and asked prices for the stock) and (B) for the S&P 500 Index on a given date shall mean the
average of the high and low values for such index as reported in the Wall Street Journal (or, if the S&P 500 Index is not reported in the Wall Street Journal, in such other reliable source as the Company may determine), in each case for the ten
(10) consecutive trading days immediately preceding such date. 
 (d) Operating Income Growth Rate. Up to 75% of the RSUs
granted to the Participant pursuant to this Agreement shall vest, if at all, based upon the achievement of Operating Income targets by the Company for the Performance Period, as set forth on Exhibit 1-B hereto. For purposes of this Agreement:

 “Target Cumulative Operating Income” shall mean the aggregate of the “Operating Income Plan,” as approved
by the Committee, for each of the Company’s [      number      ] fiscal years during the Performance Period. Within a reasonable period following the availability of all
relevant data (as determined by the Committee in its sole discretion), the Committee will approve the Company’s operating income plan for each applicable fiscal year during the Performance Period (each an “Operating Income Plan”).

 “Actual Cumulative Operating Income” shall mean the aggregate of the Company’s actual operating income for the
Company’s [      number      ] fiscal years during the Performance Period, as determined from the Company’s final, audited financial statements for such fiscal
years. 
 In the event that, as determined in the sole discretion of the Committee and due to a required change in generally
accepted accounting practices, a change in the accounting methods of the Company or an extraordinary and material event in the Company’s business (each of the foregoing events being referred to herein as a “Material Event”), Actual
Cumulative Operating Income determined after the occurrence of a Material Event would be materially different as a result of the occurrence thereof, the Committee may instruct the Company to determine Actual Cumulative Operating Income for such
period, solely for purposes of this Agreement, as if the Material Event had not happened or was not effective. Such instruction may be limited to apply to fiscal periods in which the applicable Operating Income Plan did not account for the
occurrence of the Material Event. 
 (e) Certification. No RSUs granted to the Participant hereunder shall vest in accordance
with Sections 1(c) or (d) unless and until the Committee makes a certification in writing with respect to the achievement of the Performance Objectives for the Performance Period. Following the end of the Performance Period, the Committee shall
review and determine whether the Performance Objectives have been met within a reasonable period following the availability of all data necessary to determine whether the Performance Objectives have been achieved, and not later than
[      date      ] shall certify such finding to the Company and to the Participant. 
 2. Termination of Employment. 
 (a) Termination as a result of death, Disability,
or Involuntary Termination; Specified Age Attainment. Notwithstanding anything in Section 1 to the contrary, the RSUs granted hereunder shall vest upon the termination of the Participant’s Qualified Status as a result of death, Disability,
Involuntary Termination or if, at the end of the Performance Period, Participant’s Qualified Status has terminated and Participant has attained a certain age, all as follows: 

(i) Termination as a result of death or Disability. In the event the Participant’s Qualified Status is terminated during the
Performance Period or prior to the Vesting Date as a result of death or Disability, the RSUs granted to the Participant hereunder shall remain outstanding throughout the Performance Period and until the Vesting Date and shall vest, if at all, on the
Vesting Date in accordance with Sections 1(c) or (d). 
 (ii) Involuntary Termination. In the event the Participant’s
Qualified Status is terminated during the Performance Period or prior to the Vesting Date due to an Involuntary Termination, the RSUs granted to the Participant hereunder shall remain outstanding throughout the Performance Period and until the
Vesting Date. On the Vesting Date, the Participant shall vest in the number of RSUs granted hereunder equal to the product of (i) the aggregate number of RSUs that would otherwise vest on the Vesting Date in

  
 2 

 
accordance with Sections 1(c) or (d), multiplied by (ii) a fraction, the numerator of which is the whole number of months that have elapsed from the commencement of the Performance Period
through the effective date of the Participant’s Involuntary Termination or the last day of the Performance Period (whichever is earlier) and the denominator of which is [      number of months in Performance
Period      ]. 
 (iii) Specified Age Attainment. In the event the Participant’s
Qualified Status is terminated during the Performance Period or prior to the Vesting Date and (i) the Participant has reached the age of 56 prior to the commencement of or during the Performance Period and (ii) has had at least 10 years of
continuous service to the Company, the RSUs granted to the Participant hereunder shall remain outstanding throughout the Performance Period and until the Vesting Date. On the Vesting Date, the Participant shall vest in the number of RSUs granted
hereunder equal to the product of (i) the aggregate number of RSUs that would otherwise vest upon the Vesting Date in accordance with Sections 1(c) or (d), multiplied by (ii) a fraction, the numerator of which is the whole number of months
that have elapsed from the commencement of the Performance Period through the effective date of the termination of the Participant’s Qualified Status or the last day of the Performance Period (whichever is earlier) and the denominator of which
is [      number of months in Performance Period      ]. 
 (b) Termination for reasons other than death, Disability, Involuntary Termination or Specified Age Attainment. In the event the Participant’s Qualified Status is terminated during the Performance
Period or prior to the Vesting Date for any reason other than death, Disability, Involuntary Termination, except as set forth in Section 2(a)(iii) above, the RSUs granted hereunder shall be immediately forfeited as of such termination and the
Company shall have no further obligation with respect thereto. 
 (c) Definitions. For purposes of this Agreement, the following
terms shall have the meaning specified below: 
 (i) “Cause” shall mean “cause” as defined in any employment
or consultancy agreement (or similar agreement) or in any letter of appointment then in effect between the Participant and the Company or any Affiliate or if not defined therein (it being the intent that the definition of “Cause” shall
include, at a minimum, the acts set forth below), or if there shall be no such agreement, to the extent legally permissible, (a) the Participant’s embezzlement, misappropriation of corporate funds, or other material acts of dishonesty,
(b) the Participant’s commission or conviction of any felony, or of any misdemeanor involving moral turpitude, or entry of a plea of guilty or nolo contendere to any felony or misdemeanor, (c) engagement in any activity that the
Participant knows or should know could harm the business or reputation of the Company or an Affiliate, (d) the Participant’s material failure to adhere to the Company’s or an Affiliate’s corporate codes, policies or procedures as
in effect from time to time, (e) the Participant’s continued failure to meet minimum performance standards as determined by the Company or an Affiliate, (f) the Participant’s violation of any statutory, contractual, or common law
duty or obligation to the Company or an Affiliate, including, without limitation, the duty of loyalty, or (g) the Participant’s material breach of any confidentiality or non-competition covenant entered into between the Participant and the
Company or an Affiliate, including, without limitation, the covenants contained in this Agreement. The determination of the existence of Cause shall be made by the Company in good faith, which determination shall be conclusive for purposes of this
Agreement. 
 (ii) Unless Section 22 applies, “Disability” shall mean “disability” (A) as defined
in any employment or consultancy agreement (or similar agreement) or in any letter of appointment then in effect between the Participant and the Company or any Affiliate or (B) if not defined therein, or if there shall be no such agreement, as
defined in the long-term disability plan maintained by the Constituent Company by which the Participant is employed or for which the Participant serves as a consultant or by appointment, as in effect from time to time, or (C) if there shall be
no plan, the inability of the Participant to perform in all material respects his or her duties and responsibilities to the Constituent Companies for a period of six (6) consecutive months or for an aggregate period of nine (9) months in
any twenty-four (24) consecutive month period by reason of a physical or mental incapacity. 
 (iii) “Involuntary
Termination” shall mean termination of Qualified Status, as applicable, with the Constituent Companies (other than for Cause) which is not voluntary and which is acknowledged as being “involuntary” in writing by an authorized officer
of the Company. 
 (iv) “Vesting Date” shall mean the date the Committee certifies the achievement of the Performance
Objectives pursuant to paragraph 1(e) above. 
 3. Form and Timing of Issuance or Transfer. 

  
 3 

 (a) Vested RSUs. Distribution of RSUs shall be made hereunder only in respect of vested
RSUs, and shall be made in Shares on a one-for-one basis; provided, however, that in lieu of Shares, fractional vested RSUs shall be distributed to the Participant in cash based upon the Fair Market Value of a Share at the time of distribution.

 (b) Distribution Date. Vested RSUs, if any, shall be distributed to the Participant in the manner set forth in
Section 3(a) on the date the Committee makes a certification in writing with respect to the achievement of the Performance Objectives for the Performance Period as provided in Section 1(e). 

4. Dividends. If on any date while RSUs are outstanding hereunder the Company shall pay any dividend on the Shares (other than a dividend
payable in Shares), the number of RSUs granted to the Participant shall, as of such dividend payment date, be increased by a number of RSUs equal to: (a) the product of (i) the number of RSUs held by the Participant as of the related
dividend record date, multiplied by (ii) the per Share amount of any cash dividend (or, in the case of any dividend payable in whole or in part other than in cash, the per Share value of such dividend, as determined in good faith by the
Committee), divided by (b) the Fair Market Value of a Share on the payment date of such dividend. In the case of any dividend declared on Shares that is payable in the form of Shares, the number of RSUs granted to the Participant shall be
increased by a number equal to the product of (x) the aggregate number of RSUs held by the Participant through the related dividend record date, multiplied by (y) the number of Shares (including any fraction thereof) payable as a dividend
on a Share. Any additional RSUs granted to the Participant pursuant to this Section 4 during the Performance Period or prior to the Vesting Date shall also be subject to the vesting requirements of Sections 1(c) and (d). 

5. Adjustments Upon Certain Events. 
 (a) The grant of the RSUs shall not in any way affect the right or power of the Company to make adjustments, reclassification, or changes in its capital or business structure, or to merge, consolidate,
dissolve, liquidate, sell or transfer all or any part of its business or assets. 
 (b) In the event of any dividend or other
distribution other than a cash dividend (whether in the form of Shares, other securities or other property), recapitalization, reclassification, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off,
combination, repurchase, liquidation, dissolution, or sale, transfer, exchange or other disposition of all or substantially all of the assets of the Company, or exchange of Shares or other securities of the Company, issuance of warrants or other
rights to purchase Shares or other securities of the Company, or other similar corporate transaction or event (collectively, an “Adjustment Event”), the Committee may, in its sole discretion, (i) adjust the Shares or RSUs subject to
this Agreement and (ii) adjust the methodology for calculating Total Shareholder Return and Operating Income in accordance with Sections 1(c) and (d) to reflect such Adjustment Event. 

6. Compliance, Cancellation and Rescission of Shares. 
 (a) Upon any transfer or issuance of Shares underlying RSUs, the Participant shall certify in a manner acceptable to the Company that the Participant is in compliance with the terms and conditions of this
Agreement and the Plan. 
 (b) In the following circumstances, the Participant shall, to the extent legally permitted, transfer
to the Company the Shares that have been issued or transferred under this Agreement (without regard to whether the Participant continues to own or control such previously delivered Shares) and the Participant shall bear all costs of issuance or
transfer, including any transfer taxes that may be payable in connection with any transfer: 
 (i) the Participant’s
Qualified Status with the Constituent Companies is terminated for Cause, or 
 (ii) the Participant engages in any of the
Restricted Activities defined in subsection (c) below. 
 (c) The Participant agrees that, in consideration
of the value of and as a condition of receiving and maintaining the RSUs granted to the Participant under this Agreement, the Participant shall not, for a period of twelve months following the termination of the Participant’s Qualified Status
with the Constituent Companies engage in any Restricted Activities, which for the purposes of this Agreement include the following: 
 (i) associate (including, but not limited to, association as a sole proprietor, owner, employer, partner, principal, investor, joint venturer, shareholder, associate, employee, member, consultant,
contractor or otherwise) with any Competitive Enterprise or any of the affiliates, related entities, successors, or assigns of any Competitive Enterprise; provided, however, that with respect to the equity

  
 4 

 
of any Competitive Enterprise which is or becomes publicly traded, the Participant’s ownership as a passive investor of less than 1% of the outstanding publicly traded stock of a Competitive
Enterprise shall not be deemed a violation of this Section 6(c)(i); 
 (ii) directly or indirectly
(A) solicit, or assist any other individual, person, firm or other entity in soliciting, any Client or Prospective Client for the purpose of performing or providing any Consulting Services; (B) perform or provide, or assist any other
individual, person, firm or other entity in performing or providing, Consulting Services for any Client or Prospective Client; (C) interfere with or damage (or attempt to interfere with or damage) any relationship and/or agreement between the
Company or any Affiliates and a Client or Prospective Client; or 
 (iii) directly or indirectly, solicit,
employ or retain, or assist any other individual, person, firm or other entity in soliciting, employing or retaining, any employee or other agent of the Company or an Affiliate, including, without limitation, any former employee or other agent of
the Company, its Affiliates and/or their predecessors who ceased working for the Company, its Affiliates and/or their predecessors within an eighteen-month period before or after the date on which the Participant’s Qualified Status with the
Constituent Companies terminated. 
 (d) For purposes of this Agreement: 

(i) “Client” shall mean any person, firm, corporation or other organization whatsoever for whom the Company,
its Affiliates and/or their predecessors provided services within a twelve-month period before the date on which the Participant’s employment with the Constituent Companies terminated, or about which the Participant learned confidential
information within the twelve months prior to the date on which the Participant’s Qualified Status with the Constituent Companies terminated. 
 (ii) “Competitive Enterprise” shall mean a business enterprise that engages in, or owns or controls a significant interest in any entity that engages in, the performance of services of the type
provided by the Company, its Affiliates and/or their predecessors. “Competitive Enterprise” shall include, but not be limited to, the entities set forth on the list maintained by the Company on the myHoldings website, which list may be
updated by the Company from time to time. 
 (iii) “Consulting Services” shall mean the performance of
any services of the type provided by the Company, its Affiliates and/or their predecessors at any time, past, present or future. 
 (iv) “Prospective Client” shall mean any person, firm, corporation, or other organization whatsoever with whom the Company, its Affiliates and/or their predecessors had any negotiations or
discussions regarding the possible performance of services by the Company or any of its Affiliates or any of their predecessors within the twelve months prior to the date of the termination of the Participant’s Qualified Status with the
Constituent Companies. 
 (v) “solicit” shall mean to have any direct or indirect communication of any
kind whatsoever, regardless of by whom initiated, inviting, advising, encouraging or requesting any person or entity, in any manner, to take or refrain from taking any action. 

(e) If, during the twelve-month period following the termination of the Participant’s employment with the
Constituent Companies, the Participant is presented with an opportunity that might involve participation in any Restricted Activity under 6(c)(i) above, Participant shall notify the Company in writing of the nature of the opportunity (the
“Conflicting Activity”). Following receipt of sufficient information concerning the Conflicting Activity, the Company will advise Participant in writing whether the Company considers the Participant’s RSUs to be subject to be subject
to Section 6(b)(ii) above. The Company retains sole discretion to determine whether Participant’s RSUs are subject to Section 6(b)(ii) and to alter its determination should additional or different facts become known to the Company.

 7. No Acquired Rights. By participating in the Plan, and accepting the grant of RSUs under this Agreement,
the Participant agrees and acknowledges that: 
 (a) the Plan is discretionary in nature and that the Company
can amend, cancel or terminate the Plan at any time; 
 (b) the grant of the RSU under the Plan is voluntary and
occasional, and does not create any contractual or other right to receive future grants of any RSUs or benefits in lieu of any RSUs, even if RSUs have been granted repeatedly in the past; 

(c) the value of the RSUs is an extraordinary item of compensation, which is outside the scope of the Participant’s
Qualified Status contract, if any; 

  
 5 

 (d) the RSUs are not part of normal or expected compensation or salary for
any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; 

(e) the future value of the shares subject to the RSUs is unknown and cannot be predicted with any certainty; 

(f) the Participant shall not make any claim or have any entitlement to compensation or damages in connection with the
termination of the RSUs or diminution in value of the RSUs under the Plan, and Participant hereby irrevocably releases the Company and all of its Affiliates from any such claim or entitlement; and 

(g) the Participant’s participation in the Plan shall not create a right to employment or further employment with or
to provide services as a director, consultant or advisor to the Company or any of its Affiliates, and shall not interfere with or limit the ability of the Company to terminate the Participant’s employment relationship or other services at any
time, with or without cause. 
 (h) no terms of any contract of employment or consultancy (or similar agreement)
of the Participant shall be affected in any way by the Plan, this Agreement or related instruments, except as otherwise expressly provided herein. 
 8. No Rights of a Shareholder. The Participant shall not have any rights as a shareholder of the Company until the Shares in question have been registered in the Company’s register of shareholders.

 9. Unfunded Obligation; Unsecured Creditor. The RSUs granted hereunder are an unfunded obligation of the Company and no
assets or shares of the Company shall be set segregated or earmarked by the Company in respect of any RSUs awarded hereunder. The RSUs granted hereunder shall be an unsecured obligation of the Company and the rights and interests of the Participant
herein shall make him only a general, unsecured creditor of the Company. 
 10. Legend on Certificates. Any Shares issued or
transferred to the Participant pursuant to Section 3 of this Agreement shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations, and other requirements of
the Securities and Exchange Commission, any stock exchange upon which such Shares are listed, any applicable Federal or state laws or relevant securities laws of the jurisdiction of the domicile of the Participant or to ensure compliance with any
additional transfer restrictions that may be in effect from time to time, and the Committee may cause a legend or legends to be put on any certificates representing such Shares to make appropriate reference to such restrictions. 

11. Transferability Restrictions — RSUs/Underlying Shares. RSUs may not be assigned, alienated, pledged, attached, sold or otherwise
transferred or encumbered by the Participant otherwise than by will or by the laws of descent and distribution, and any purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance not permitted by this Section 11 shall
be void and unenforceable against any Constituent Company. Any Shares issued or transferred to the Participant shall be subject to compliance by the Participant with such policies as the Committee or the Company may deem advisable from time to time,
including, without limitation, policies relating to minimum executive employee share ownership requirements. Such policies shall be binding upon the permitted respective legatees, legal representatives, successors and assigns of the Participant. The
Company shall give notice of any such additional or modified terms and restrictions applicable to Shares delivered or deliverable under the Agreement to the holder of the RSUs and/or the Shares so delivered, as appropriate, pursuant to the
provisions of Section 12 or, if a valid address does not appear to exist in the personnel records, to the last address known by the Company of such holder. Notice of any such changes may be provided electronically, including, without
limitation, by publication of such changes to a central website to which any holder of the RSUs or Shares issued therefrom has access. 
 12. Notices. Any notice to be given under this Agreement shall be delivered personally, or sent by certified, registered or express mail, postage prepaid, addressed to the Company in care of its General
Counsel at: 
 Accenture 
 161 N. Clark
Street 
 Chicago, IL 60601 
 Telecopy:
(312) 652-5619 
 Attn: General Counsel 

  
 6 

 (or, if different, the then current principal business address of the duly appointed General Counsel of the
Company) and to the Participant at the address appearing in the personnel records of the Company for the Participant or to either party at such other address as either party hereto may hereafter designate in writing to the other. Any such notice
shall be deemed effective upon receipt thereof by the addressee. 
 13. Withholding. The Participant may be required to pay to
the Company or any Affiliate and the Company or any Affiliate shall have the right and is hereby authorized to withhold from any issuance or transfer due under this Agreement or under the Plan or from any compensation or other amount otherwise
payable to the Participant, applicable withholding taxes and social insurance contributions required to be withheld with respect to this Agreement or any issuance or transfer under this Agreement or under the Plan and to take such action as may be
necessary in the opinion of the Company to satisfy all obligations for the payment of such taxes and social insurance contributions. Notwithstanding the foregoing, if the Participant’s Qualified Status with the Company terminates due to death,
Disability or Involuntary Termination, the payment of any applicable withholding taxes or social insurance contributions required to be withheld with respect to any further issuance or transfer of Shares under this Agreement or the Plan shall at the
Company’s discretion be made solely through the sale of Shares equal to the statutory minimum withholding liability. 
 14.
Choice of Law and Dispute Resolution 
   (a)        THE INTERPRETATION,
PERFORMANCE AND ENFORCEMENT OF THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. 
   (b)        Subject to paragraphs (c) through (g), any and all disputes which cannot be settled amicably, including any ancillary claims of any
party, arising out of, relating to or in connection with the validity, negotiation, execution, interpretation, performance or non-performance and/or termination of this Agreement and any amendment thereto (including without limitation the validity,
scope and enforceability of this arbitration provision) (each a “Dispute”) shall be finally settled by arbitration conducted by a single arbitrator in New York (or at such other place of arbitration as the Compensation Committee of the
Board of Directors of the Company, acting as Plan Administrator, or any successor plan administrator, may approve) in accordance with the then-existing Rules of Arbitration of the International Chamber of Commerce (“ICC”), except that the
parties may select an arbitrator who is a national of the same country as one of the parties. If the parties to the dispute fail to agree on the selection of an arbitrator within thirty (30) days of the receipt of the request for arbitration,
the ICC shall make the appointment. The arbitrator shall be a lawyer and shall conduct the proceedings in the English language. 

  (c)        Before the Company has filed a request for arbitration or a response under
the Rules of Arbitration of the ICC (as the case may be), the Company may by notice in writing to the Participant require that all Disputes or a specific Dispute be heard by any court of law in accordance with paragraph (f) and, for the
purposes of this paragraph (c), each party expressly consents to the application of paragraphs (d) and (e) to any such suit, action or proceeding. If, at the time that the Company gives notice in accordance with this paragraph (c),
arbitration has already been commenced in connection with a Dispute, that Dispute shall be withdrawn from arbitration. 

  (d)        Either party may bring an action or proceeding in any court of law for the
purpose of compelling a party to arbitrate, seeking temporary or preliminary relief in aid of an arbitration hereunder, and/or enforcing an arbitration award and/or in support of the arbitration as permitted by any applicable arbitration law and,
for the purposes of this paragraph (d), each party expressly consents to the application of paragraphs (f) and (g) to any such suit, action or proceeding. 
   (e)        Judgment on any award(s) rendered by the tribunal may be entered in any court having jurisdiction thereof. 

  (f)        (i)       Each party hereby irrevocably
submits to the non-exclusive jurisdiction of the Courts located in New York, United States for the purpose of any suit, action or proceeding brought in accordance with the provisions of paragraphs (d) or (e). The parties acknowledge that the
forum designated by this paragraph (f) has a reasonable relation to this Agreement, and to the parties’ relationship with one another. 
     (ii)      The parties hereby waive, to the fullest extent permitted by applicable law, any objection which they now or hereafter may have to personal
jurisdiction or to the laying of venue of any suit, action or proceeding brought in any court referred to in paragraph (f) (i) pursuant to paragraphs (d) or (e) and such parties agree not to plead or claim the same. 

  
 7 

   (g)         The parties agree that if a
suit, action or proceeding is brought under paragraphs (d) or (e) proof shall not be required that monetary damages for breach of the provisions of this Agreement would be difficult to calculate and that remedies at law would be
inadequate, and they irrevocably appoint the General Counsel of the Company, c/o Accenture, 161 N. Clark Street, Chicago IL, 60601 (or, if different, the then-current principal business address of the duly appointed General Counsel of the Company)
as such party’s agent for service of process in connection with any such action or proceeding and agree that service of process upon such agent, who shall promptly advise such party of any such service of process, shall be deemed in every
respect effective service of process upon the party in any such action or proceeding. 
 15. Severability. This Agreement shall
be enforceable to the fullest extent allowed by law. In the event that a court or appointed arbitrator holds any provision of this Agreement to be invalid or unenforceable, then, if allowed by law, the provision shall be reduced, modified or
otherwise conformed to the relevant law, judgment or determination to the degree necessary to render it valid and enforceable without affecting the rest of this Agreement. Any provision of this Agreement that is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be deemed severable from the remainder of this Agreement, and the remaining provisions contained in this Agreement shall be construed to preserve to the maximum permissible extent the intent and purposes
of this Agreement. Any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 16. RSUs Subject to Plan. By entering into this Agreement, the Participant agrees and acknowledges that the Participant has received and read a copy of the Plan. All RSUs are subject to the Plan. In the
event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail. 

17. Rule 16b-3. The grant of the RSUs to the Participant hereunder is intended to be exempt from the provisions of Section 16(b) of
the Securities Exchange Act of 1934, as amended from time to time (the “Exchange Act”) pursuant to Rule 16b-3 promulgated under the Exchange Act. 
 18. Signature in Counterparts. This Agreement may be signed in counterparts, each of which shall be deemed an original, with the same effect as if the signatures thereto and hereto were upon the same
instrument. 
 19. Entire Agreement. This Agreement and the Plan constitute the entire agreement of the parties and supersede in
their entirety all prior undertakings and agreements of the parties with respect to the subject matter hereof. 
 20.
Severability of Agreement. In the event that any provision in this Agreement shall be held invalid or unenforceable, such provision shall be severable from, and such invalidity or unenforceability shall not be construed to have any effect on, the
remaining provisions of this Agreement. 
 21. Administration; Consent. In order to manage compliance with the terms of this
Agreement, Common Shares delivered pursuant to the Agreement may, at the sole discretion of the Company, be registered in the name of the nominee for the holder of the Common Shares and/or held in the custody of a custodian until otherwise
determined by the Company. To that end, by acceptance of this Agreement, the holder hereby appoints the Company, with full power of substitution and resubstitution, his or her true and lawful attorney-in-fact to assign, endorse and register for
transfer into such nominee’s name or deliver to such custodian any such Common Shares, granting to such attorneys, and each of them, full power and authority to do and perform each and every act and thing whatsoever that such attorney or
attorneys may deem necessary, advisable or appropriate to carry out fully the intent of this paragraph as such person might or could do personally. It is understood and agreed by each holder of the Common Shares delivered under the Agreement that
this appointment, empowerment and authorization may be exercised by the aforementioned persons with respect to all Common Shares delivered pursuant to the Agreement of such holder, and held of record by another person or entity, for the period
beginning on the date hereof and ending on the later of the date the Agreement is terminated and the date that is ten years following the last date Common Shares are delivered pursuant to this Agreement. The form of the custody agreement and the
identity of the custodian and/or nominee shall be as determined from time to time by the Company in its sole discretion. A holder of Common Shares delivered pursuant to the Agreement acknowledges and agrees that the Company may refuse to register
the transfer of and enter stop transfer orders against the transfer of such Common Shares except for transfers deemed by it in its sole discretion to be in compliance with the terms of this Agreement. Each holder of Common Shares delivered pursuant
to the Agreement agrees to execute such additional documents and take such other actions as may be deemed reasonably necessary or desirable by the Company to effect the provisions of the Agreement, as in effect from time to time. Each holder of
Common Shares delivered pursuant to the Agreement acknowledges and agrees that the Company may impose a legend on any document relating to or Common Shares issued or issuable pursuant to this Agreement conspicuously referencing the restrictions
applicable to such Common Shares. 
 22. Section 409A - Disability, Deferral Elections, Payments to Specified Employees,
and Interpretation of Grant Terms.  If the Participant is subject to income taxation on the income resulting from this Agreement under the laws of the United States, and the 

  
 8 

 
foregoing provisions of this Agreement would result in adverse tax consequences to the Participant, as determined by the Company, under Section 409A of the U.S. Internal Revenue Code of
1986, as amended (the “Code”), then the following provisions shall apply and supersede the foregoing provisions: 

(a) “Disability” shall mean a disability within the meaning of Section 409A(a)(2)(C) of the Code. 

(b) Deferral elections made by U.S. taxpayers are subject to Section 409A of the Code. The Company will use commercially reasonable
efforts to not permit RSUs to be deferred, accelerated, released, extended, paid out or modified in a manner that would result in the imposition of an additional tax under Section 409A of the Code. In the event that it is reasonably determined
by the Company that, as a result of Section 409A of the Code, payments or delivery of the Shares underlying the RSU award granted pursuant to this Agreement may not be made at the time contemplated by the terms of the RSU award or your deferral
election, as the case may be, without causing the Participant to be subject to taxation under Section 409A of the Code, the Company will make such payment or share delivery as soon as practicable on or following the first day that would not
result in your incurring any tax liability under Section 409A of the Code, and in any event, no later than the last day of the calendar year in which such first date occurs. 

(c) If the Participant is a “specified employee” (within the meaning of Section 409A(a)(2)(B)(i) of the Code), payments
and deliveries of shares in respect of any RSUs subject to Section 409A of the Code that are linked to the date of the Participant’s separation from service shall not be made prior to the date which is six (6) months after the date of
the Participant’s separation from service from the Company or any of its Affiliates, determined in accordance with Section 409A of the Code and the regulations promulgated thereunder. 

(d) The Company shall use commercially reasonable efforts to avoid subjecting the Participant to any additional taxation under
Section 409A of the Code as described herein; provided that neither the Company nor any of its employees, agents, directors or representatives shall have any liability to the Participant with respect to Section 409A of the Code.

 23. Recoupment.  The RSUs granted under this Agreement, and any Shares issued or other payments made in
respect thereof, shall be subject to any recoupment policy that the Company may adopt from time to time, to the extent any such policy is applicable to the Participant. 
 24. Data Protection. The Participant consents to the processing (including international transfer) of personal data as set out in Appendix A for the purposes specified therein. 

  
 9 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement effective as of the date
set forth above. 
  

					
	ACCENTURE PLC
	By:	 	
		
		 	

	
	 Julie Spellman Sweet

General Counsel, Secretary and Compliance Officer

	
	PARTICIPANT
		
	By:	 	  

		 	Name:	 	  

		 	Address:	 	  

  
 10 

 APPENDIX A 
 DATA PROTECTION PROVISION 
  

	(a)	By participating in the Plan or accepting any rights granted under it, the Participant consents to the collection and processing by the Company and its Affiliates of
personal data relating to the Participant by the Company and its Affiliates so that they can fulfill their obligations and exercise their rights under the Plan, issue certificates (if any), statements and communications relating to the Plan and
generally administer and manage the Plan, including keeping records of participation levels from time to time. Any such processing shall be in accordance with the purposes and provisions of this data protection provision. References in this
provision to the Company and its Affiliates include the Participant’s employer. 

 These data will include
data: 
  

	 	  (i)	already held in the Participant’s records such as the Participant’s name and address, ID number, payroll number, length of service and whether the Participant
works full-time or part time; 

  

	 	 (ii)	collected upon the Participant accepting the rights granted under the Plan (if applicable); and 

 

	 	(iii)	subsequently collected by the Company or any of its Affiliates in relation to the Participant’s continued participation in the Plan, for example, data about shares
offered or received, purchased or sold under the Plan from time to time and other appropriate financial and other data about the Participant and his or her participation in the Plan (e.g., the date on which the shares were granted, termination of
employment and the reasons of termination of employment or retirement of the Participant). 

  

	(b)	This consent is in addition to and does not affect any previous consent provided by the Participant to the Company or its Affiliates. 

 

	(c)	In particular, the Participant expressly consents to the transfer of personal data about the Participant as described in paragraph (a) above by the Company and its
Affiliates. Data may be transferred not only within the country in which the Participant is based from time to time or within the EU or the European Economic Area, but also worldwide, to other employees and officers of the Company and its Affiliates
and to the following third parties for the purposes described in paragraph (a) above: 

  

	 	  (i)	Plan administrators, auditors, brokers, agents and contractors of, and third party service providers to, the Company or its Affiliates such as printers and mail houses
engaged to print or distribute notices or communications about the Plan; 

  

	 	 (ii)	regulators, tax authorities, stock or security exchanges and other supervisory, regulatory, governmental or public bodies as required by law; 

 

	 	(iii)	actual or proposed merger partners or proposed assignees of, or those taking or proposing to take security over, the business or assets of the Company or its Affiliates
and their agents and contractors; 

  

	 	(iv)	other third parties to whom the Company or its Affiliates may need to communicate/transfer the data in connection with the administration of the Plan, under a duty of
confidentiality to the Company and its Affiliates; and 

  

	 	 (v)	the Participant’s family members, physicians, heirs, legatees and others associated with the Participant in connection with the Plan. 

Not all countries, where the personal data may be transferred to, have an equal level of data protection as in the EU or the European
Economic Area. Countries to which data are transferred include the USA. 
 All national and international transfer of personal
data is only done in order to fulfill the obligations and rights of the Company and/or its Affiliates under the Plan. 
 The
Participant has the right to be informed whether the Company or its Affiliates hold personal data about the Participant and, to the extent they do so, to have access to those personal data at no charge and require them to be corrected if they are

  
 11 

 
inaccurate or to be destroyed if the Participant wishes to withdraw his or her consent. The Participant is entitled to all the other rights provided for by applicable data protection law,
including those detailed in any applicable documentation or guidelines provided to the Participant by the Company or its Affiliates in the past. More detailed information is available to the Participant by contacting the appropriate local data
protection officer in the country in which the Participant is based from time to time. If the Participant has a complaint regarding the manner in which personal information relating to the Participant is dealt with, the Participant should contact
the appropriate local data protection officer referred to above. 
  

	(d)	The processing (including transfer) of data described above is essential for the administration and operation of the Plan. Therefore, in cases where the Participant
wishes to participate in the Plan, it is essential that his/her personal data are processed in the manner described above. At any time the Participant may withdraw his or her consent. 

  
 12 

 EXHIBIT 1-A 
 Determination of RSU Vesting pursuant to Section 1(c) of the Agreement 
  

	1.    Determine	Percentile Rank (PR) for each of the Comparison Companies in accordance with the following formula: 

PR = (PB/N)(100) 
 Where: 

PB = ordinal position from the lowest TSR among the Comparison Companies. The Comparison Company with the lowest TSR is the first
position from the bottom. 
 N = number of Comparison Companies in the computation. 

 

	2.    	After determining and ordering the PR for each Comparison Company, if the TSR of the Company is equal to the TSR of any other Comparison Company (rounded to the nearest
0.01), then the Company’s PR shall equal the PR of such Comparison Company. If the Company’s TSR is not equal to the TSR of any other Comparison Company, then the Company’s PR shall be determined by interpolation, using the TSRs and
PRs of the Comparison Companies having the next highest and next lowest TSRs in comparison to the Company’s TSR. If there is no Comparison Company with a TSR that is higher than the Company’s TSR, then the Company’s PR shall be 100.
If there is no Comparison Company with a TSR that is lower than the Company’s TSR, then the Company’s PR shall be equal to the PR of the lowest ranked Comparison Company. 

 

	3.    	Upon determining the PR of the Company, the percentage of maximum RSUs granted under the Agreement that vest shall be determined as follows: 

 

					
	 Performance level
	  	 Company PR

(measured as a percentile)
	  	 Percentage of maximum RSUs granted

under the Agreement that vest

	Maximum	  	The Company is ranked at or above
the 75th percentile.	  	    25%
	Target	  	The Company is ranked at the 60th percentile.	  	16.67%
	Threshold	  	The Company is ranked at the 40th percentile.	  	  8.33%
		  	The Company is ranked below the
40th percentile.	  	        0%

 Performance Between Threshold and Target. If the Company’s Percentile Rank is between “Threshold” and “Target,” the percentage of the maximum RSUs granted to the
Participant under the Agreement that shall vest pursuant to Section 1(c) of the Agreement shall equal (a) 8.33% of the RSUs granted under the Agreement plus (b) an additional percentage of the maximum RSUs granted to the Participant
under the Agreement, which percentage shall be determined in accordance with the following formula: 
  

	
	 (PR — 40) x 8.34

	20

 where, PR equals the
Percentile Rank of the Company, as determined above. 
 Performance Between Target and Maximum. If the
Company’s Percentile Rank is between “Target” and “Maximum,” the percentage of the RSUs granted to the Participant under the Agreement that shall vest pursuant to Section 1(c) of the Agreement shall equal
(a) 16.67% of the RSUs granted under the Agreement plus (b) an additional percentage, not to exceed 8.33%, of the maximum RSUs granted to the Participant under the Agreement, which percentage shall be determined in accordance with the
following formula: 

	
	 (PR — 60) x 8.33

	15

 where, PR equals the Percentile Rank of
the Company, as determined above. 

  
 13 

 EXHIBIT 1-B 
 Determination of RSU Vesting pursuant to Section 1(d) of the Agreement 
  

	1.    	Determine the Company actual percentage of Target Cumulative Operating Income (“AP”) by dividing the Company’s Actual Cumulative Operating Income by the
Target Cumulative Operating Income and expressing the result as a percentage (the resulting percentage being referred to as the “Performance Rate” or “PR”). 

 

	2.    	Upon determining the Company’s Performance Rate, the percentage of maximum RSUs granted under the Agreement that vest shall be determined as follows:

  

							
	 Performance level
	 	  	  	     Company’s Performance
Rate    
	  	 Percentage of RSUs
 granted under the

    Agreement that vest    

				
	 Maximum
	 		  	125% or greater	  	75%
	 Target
	 		  	100%	  	50%
	 Threshold
	 		  	80%	  	25%
		 		  	Less than 80%	  	  0%

Performance Between Threshold and Target. If the Company’s Performance Rate is between “Threshold” and
“Target,” the percentage of the maximum RSUs granted to the Participant under the Agreement that shall vest pursuant to Section 1(d) of the Agreement shall equal (a) 25% of the maximum RSUs granted under the Agreement, plus
(b) an additional percentage of the maximum RSUs granted to the Participant under the Agreement, which percentage shall be determined in accordance with the following formula: 

 

									
		 	(	 	  
 PR – 80
	 	)	 	  
 x 1.25

 
  
 where, PR equals the Company’s Performance Rate, as determined above. 

Performance Between Target and Maximum. If the Company’s Performance Rate is between “Target” and
“Maximum,” the percentage of the maximum RSUs granted to the Participant under the Agreement that shall vest pursuant to Section 1(d) of the Agreement shall equal (a) 50% of the maximum RSUs granted under the Agreement, plus
(b) an additional percentage, not to exceed 25%, of the maximum RSUs granted to the Participant under the Agreement, which percentage shall be determined in accordance with the following formula: 

 

									
	(	 	  

PR – 100
	 	)	  	

  
  

where, PR equals the Company’s Performance Rate, as determined above. 

  
 14

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