SEC Contract Filing

Filing Date: 2021-08-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>3
<FILENAME>exhibit103-formofpsaragree.htm
<DESCRIPTION>EX-10.3 FORM OF PSU AGREEMENT
<TEXT>
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<title>Document</title></head><body><div id="i72d7c1e4cd774c3bb6c80994867bb508_1"></div><div style="min-height:72pt;width:100%"><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Exhibit 10.3</font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">&#91;Class &#91;__&#93;&#93;</font></div><div style="padding-left:72pt;padding-right:54.75pt"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">LIBERTY LATIN AMERICA</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">2018 INCENTIVE PLAN</font></div><div style="padding-left:45.37pt;padding-right:45.37pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">(Amended and Restated effective May 12, 2021)</font></div><div style="margin-top:0.4pt;padding-left:36pt;padding-right:54.75pt"><font><br></font></div><div style="padding-left:45.37pt;padding-right:45.37pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">PERFORMANCE SHARE APPRECIATION RIGHTS AGREEMENT - PHOENIX</font></div><div style="padding-left:36pt;padding-right:54.75pt"><font><br></font></div><div style="padding-left:36pt;padding-right:54.75pt"><font><br></font></div><div style="text-indent:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">THIS PERFORMANCE SHARE APPRECIATION RIGHTS AGREEMENT &#8211; PHOENIX (this &#8220;Agreement&#8221;) is made as of &#91;__&#93; (the &#8220;Grant Date&#8221;), by and between LIBERTY LATIN AMERICA LTD, a public limited company incorporated under the laws of Bermuda (the &#8220;Company&#8221;), and &#91;__&#93; whose address and employee number appear on the signature page hereto (the &#8220;Grantee&#8221;). </font></div><div style="text-indent:18pt"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">RECITALS</font></div><div style="text-indent:18pt"><font><br></font></div><div style="text-indent:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">The Company has adopted the Liberty Latin America 2018 Incentive Plan (Amended and Restated effective May 12, 2021) (the &#8220;Plan&#8221;), which by this reference is made a part hereof, for the benefit of eligible employees of the Company and its Subsidiaries. Pursuant to Article 3 of the Plan the Company&#8217;s Board of Directors (the &#8220;Board&#8221;) appointed the Compensation Committee of the Board (the &#8220;Committee&#8221;) to administer the Plan. Capitalized terms used and not otherwise defined herein will have the meaning given thereto in the Plan. To review the Plan, please log into Shareworks by Morgan Stanley and visit the Documents tab.</font></div><div style="text-indent:18pt"><font><br></font></div><div style="text-indent:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">The Committee has determined that it is in the best interest of the Company and its Shareholders to award a performance share appreciation right to the Grantee effective as of the Grant Date, subject to the conditions and restrictions set forth herein and in the Plan, in order to provide the Grantee additional remuneration for services rendered, to encourage the Grantee to continue to provide services to the Company or its Subsidiaries and to increase the Grantee&#8217;s personal interest in the continued success and progress of the Company. </font></div><div style="text-indent:18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">AGREEMENT</font></div><div style="margin-top:0.2pt;padding-left:36pt;padding-right:54.75pt"><font><br></font></div><div style="margin-top:0.05pt;padding-left:36pt;padding-right:54.75pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">The Company and the Grantee therefore agree as follows&#58;</font></div><div style="margin-top:0.15pt;padding-left:36pt;padding-right:54.75pt"><font><br></font></div><div style="padding-left:108pt;padding-right:13.5pt;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1.&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Definitions</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">. The following terms, when used in this Agreement, have the following meanings&#58;</font></div><div style="padding-left:36pt;padding-right:54.75pt"><font><br></font></div><div style="padding-left:36pt;text-inden