SEC Contract Filing

Filing Date: 2019-03-12

Document Content:
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<TYPE>EX-10.10
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<DESCRIPTION>EXHIBIT 10.10
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<DIV><FONT size="1" style="font-size:1pt;color:white"> LUXFER HOLDINGS PLC EMPLOYEE STOCK PURCHASE PLAN (As adopted by the Board of Directors on March 27, 2014) 1. Purpose. The purpose of the Plan is to provide Eligible Employees of the Subsidiaries of the Company with an opportunity to purchase Shares of the Company (evidenced by American Depositary Receipts) through accumulated payroll deductions. It is the intention of the Company to have the Plan qualify as an &#8220;employee stock purchase plan&#8221; under Section 423 of the Code. The provisions of the Plan, accordingly, shall be construed in a manner consistent with the requirements of Section 423 of the Code. 2. Definitions. (a) &#8220;American Depositary Shares&#8221; shall mean American Depositary Shares, each representing one half of an Ordinary Share. The American Depositary Shares are evidenced by American Depositary Receipts issued pursuant to the Deposit Agreement, dated as of October 3, 2012 between the Company and The Bank of New York Mellon, as it may be amended from time to time. (b) &#8220;Administrator&#8221; shall mean the Board or any committee of the Board designated by the Board to administer the Plan. (c) &#8220;Board&#8221; shall mean the Board of Directors of the Company. (d) &#8220;Code&#8221; shall mean the Internal Revenue Code of 1986, as amended. (e) &#8220;Company&#8221; shall mean Luxfer Holdings PLC, incorporated in England and Wales, and any successor thereto. (f) &#8220;Compensation&#8221; shall mean an Eligible Employee&#8217;s regular salary as determined in accordance with the Company&#8217;s payroll records, excluding any bonuses, commissions, taxable or non-taxable fringe benefits, car or other allowances, and any other forms of compensation. (g) &#8220;Designated Subsidiary&#8221; shall mean any Subsidiary selected by the Administrator as eligible to participate in any Offering(s) under the Plan. (h) &#8220;Eligible Employee&#8221;, in respect of any Offering, shall mean any individual (1) who is an employee (for tax purposes) of a Designated Subsidiary prior to the date of the commencement of the Offering Period, (2) who has been employed by such Designated Subsidiary for at least six (6) months since his or her last hire date (or such lesser period of time as may be determined for any Offering by the Administrator in its discretion) prior to the date of the commencement of the Offering Period, (3) who customarily works more than twenty (20) hours per week (or such lesser period of time as may be determined for any Offering by the Administrator in its discretion), and (4) who customarily works more than five (5) months per calendar year (or such lesser period of time as may be determined for any Offering by the Administrator in its discretion); provided that employees who are citizens or residents of a non- </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white"> U.S. jurisdiction (without regard to whether they also are citizens or residents of the United States or resident aliens (within the meaning of Section 7701(b)(1)(A) of the Code)) may be excluded from participation in the Plan or an Offering if the participation of such employees is prohibited under the laws of the applicable jurisdiction or if complying with the laws of the applicable jurisdiction would cause the Plan or an Offering to violate Section 423 of the Code. For purposes of the Plan, the employment relationship shall be treated as continuing intact while the individual is on sick leave or other approved leave of absence; provided that where the period of leave exceeds 90 days and the individual&#8217;s right to reemployment is not guaranteed either by statute or by contract, the employment relationship shall be deemed to have terminated on the 91st day of such leave. (i) &#8220;Exercise Date&#8221; shall mean the last day of each Offering Period. (j) &#8220;Fair Market Value&#8221; shall mean, as of any date, the value of a Share determined as follows: (i) If the Shares are listed on any established stock exchange or a national market system, including without limitation the New York Stock Exchange, the Fair Market Value shall be the closing sales price for such Share (or the closing bid, if no sales were reported) as quoted on such exchange or system on the date of determination; (ii) If the Shares are regularly quoted by a recognized securities dealer but selling prices are not reported, the Fair Market Value shall be the mean of the closing bid and asked prices for the Shares on the date of determination, as reported in The Wall Street Journal or such other source as the Board deems reliable; or (iii) In the absence of an established market for the Shares, the Fair Market Value thereof shall be determined in good faith by the Board. The Fair Market Value of Shares as of any such date on which the applicable exchange or inter-dealer quotation system through which trading in the Shares regularly occurs is closed shall be the Fair Market Value determined pursuant to this Section 2(j) as of the immediately preceding date on which the Shares are traded, a bid and ask price is reported or a trading price is reported by any member of FINRA selected by the Administrator. (k) &#8220;Grant Date&#8221; shall mean the first day of each Offering Period. (l) &#8220;Offering&#8221; means an offer under the Plan of an option that may be exercised during an Offer