SEC Contract Filing

Filing Date: 2019-04-09

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ex_10x2x1q2019.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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 <title>Exhibit</title>
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<div><a name="sC78813CBDD73EEA639DA97173C5B6436"></a></div><div><div style="line-height:120%;text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">FORM OF MANAGEMENT INCENTIVE PLAN TIED RESTRICTED SHARE UNIT </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">for the</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">CARNIVAL PLC 2014 EMPLOYEE SHARE PLAN <br>(</font><font style="font-family:Arial;font-size:12pt;font-style:italic;font-weight:bold;">the Plan</font><font style="font-family:Arial;font-size:12pt;font-weight:bold;">)</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Grant Agreement - Conditional Right to Receive</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">This Management Incentive Plan Tied Restricted Share Unit Grant Agreement (the </font><font style="font-family:Arial;font-size:11pt;font-style:italic;font-weight:bold;">Agreement</font><font style="font-family:Arial;font-size:11pt;">), shall apply to the grant of Management Incentive Plan Tied Restricted Share Units made to select Executives of Carnival plc (the </font><font style="font-family:Arial;font-size:11pt;font-style:italic;font-weight:bold;">Company</font><font style="font-family:Arial;font-size:11pt;font-style:italic;">)</font><font style="font-family:Arial;font-size:11pt;">, on [DATE] under the Carnival plc 2014 Employee Share Plan (the </font><font style="font-family:Arial;font-size:11pt;font-style:italic;font-weight:bold;">Plan</font><font style="font-family:Arial;font-size:11pt;">).</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The Company hereby makes to you a Management Incentive Plan Tied restricted share unit (the </font><font style="font-family:Arial;font-size:11pt;font-style:italic;font-weight:bold;">MTE RSUs</font><font style="font-family:Arial;font-size:11pt;">) grant consisting of that number of MTE RSUs set forth in your EquatePlus portfolio, on the terms and conditions set forth in the Plan and this Agreement. In the event of any inconsistency, the rules of the Plan shall take precedence. Any capitalized terms not otherwise defined in this Agreement shall have the definitions set forth in the Plan.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Nature of Grant</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Each MTE RSU comprised in your grant is equivalent to a hypothetical investment in one ordinary share of $1.66 each in the capital of the Company (a </font><font style="font-family:Arial;font-size:11pt;font-style:italic;font-weight:bold;">Share</font><font style="font-family:Arial;font-size:11pt;">). Your grant is in the form of a conditional right to acquire the number of Shares equal to the number of MTE RSUs comprised in your grant at a nil cost. </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">You will have no beneficial interest in any Shares during the Restricted Period. </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Restricted Period</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Your grant is subject to a Restricted Period. In this case, the Restricted Period on the MTE RSUs shall expire on the second anniversary of the grant date specified in your EquatePlus portfolio (the </font><font style="font-family:Arial;font-size:11pt;font-style:italic;font-weight:bold;">Grant Date</font><font style="font-family:Arial;font-size:11pt;">).</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Generally, your grant will be forfeited automatically on you ceasing to be an employee of the plc Group (whether lawfully or unlawfully) before the expiry of the Restricted Period. However, upon the termination of your employment with the Combined Group or an Affiliate due to death, Disability or Retirement or as otherwise set forth in subsections (c), (d) and (e) below, the grant shall be released according to the following, unless and until you engage in competition in violation of the Competition and Nondisclosure provisions below: </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">a</font><font style="font-family:inherit;font-size:11pt;">)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;<