SEC Contract Filing

Filing Date: 2023-03-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.12
<SEQUENCE>2
<FILENAME>golf123122exhibit1012.htm
<DESCRIPTION>EX-10.12
<TEXT>
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<title>Document</title></head><body><div id="iaf0c233e23e043e987f789ce515cf686_915"></div><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Exhibit 10.12</font></div><div id="iaf0c233e23e043e987f789ce515cf686_878"></div><div style="margin-top:4.55pt;padding-left:105.87pt;padding-right:105.87pt;text-align:center"><font style="color:#343434;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:119%">ACUSHNET HOLDINGS CORP. 2015 OMNIBUS INCENTIVE PLAN</font></div><div style="margin-top:0.5pt"><font><br></font></div><div style="text-indent:34.95pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:28.8pt">Purpose. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The purpose of the Acushnet Holdings Corp. 2015 Omnibus Incentive Plan is to provide a means through which the Company and the other members of the Company Group may attract and retain key personnel and to provide a means whereby directors, officers, employees, consultants and advisors of the Company and the other members of the Company Group can acquire and maintain an equity interest in the Company, or be paid incentive compensation, including incentive compensation measured by reference to the value of Common Stock, thereby strengthening their commitment to the welfare of the Company Group and aligning their interests with those of the Company's stockholders.</font></div><div style="margin-top:0.35pt"><font><br></font></div><div style="text-indent:34.95pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">2.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:28.8pt">Definitions.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> The following definitions shall be applicable throughout the Plan.</font></div><div><font><br></font></div><div style="text-indent:34.95pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(a)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:24.85pt;text-decoration:underline">&#34;Absolute Share Limit&#34;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> has the meaning given such term in Section 5(b) of the</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Plan.</font></div><div><font><br></font></div><div style="text-indent:34.95pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(b)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:24.23pt;text-decoration:underline">&#34;Adjustment Event&#34;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> has the meaning given such term in Section 12(a) of the</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Plan.</font></div><div><font><br></font></div><div style="text-indent:34.95pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(c)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:24.85pt;text-decoration:underline">&#34;Administrator&#34;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> means (i) prior to the Company's initial public offering, the Board, unless the Board appoints the Compensation Committee of the Board as Administrator and (ii) upon and following the Company's initial public offering, the Committee.</font></div><div><font><br></font></div><div style="text-indent:34.95pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">(d)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:24.23pt;text-decoration:underline">&#34;Affiliate&#34;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> means any Person that directly or indirectly controls, is controlled by or is under common control with the Company. The term &#34;control&#34; (including, with correlative meaning, the terms &#34;controlled by&#34; and &#34;under common control with&#34;), as applied to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting or other securities, by contract or otherwise.</font></div><div><font><br></font></div><div style="text-indent:34.95pt"><font style="color:#000000;font-family:'Times New Roman',sans-ser