Conditions for vesting and exercise. (a) The Board will determine prior to an Invitation being made and specify in the Invitation Letter any Performance Hurdles and/or Vesting Conditions attaching to the Options. (b) Options will only vest and be exercisable if the applicable Performance Hurdles and/or Vesting Conditions (if any) have been satisfied, waived by the Board, or are deemed to have been satisfied under these Rules. (c) Each Participant agrees to be bound by the Shareholders Agreement as a condition precedent for exercising an Option, and agrees to execute a Deed of Accession as a condition precedent for exercising an Option (if the Participant is not already a party to the Shareholders Agreement).
Appears in 4 contracts
Samples: 2023 Non Executive Directors Long Term Incentive Plan, Senior Leadership Long Term Incentive Plan, Long Term Incentive Plan
