OPERATION OF THE SHARE PLANS BEFORE THE EFFECTIVE DATE. 1.1 As of the date of 29 November 2021, the following options and awards were outstanding under the Share Plans: Form of Award Exercise Price (where relevant) Share Plan Number of Company Shares subject to outstanding awards/options EMI Options £0.78 - £11.10 Employee Share Plan 125,328 CSOP Options £4.78 - £22.55 Company Share Option Plan 100,150 UK Unapproved Options £0.78 - £22.55 Employee Share Plan 360,318 Overseas Options £0.78 - £25.60 Employee Share Plan 451,523 UK Performance Share Awards Employee Share Plan 396,425 Overseas Performance Share Awards Employee Share Plan 218,673 Japan Performance Share Awards (Nominal Cost Options) £0.01 Employee Share Plan 15,882 Patent Awards Employee Share Plan 843 UK Restricted Share Awards Employee Share Plan 886,867 Overseas Restricted Share Awards Employee Share Plan 919,780 Canadian Restricted Share Awards Employee Share Plan 6,749 Japan Restricted Share Awards (Nominal Cost Options) £0.01 Employee Share Plan 96,081 Phantom Awards (Restricted Share Awards) Employee Share Plan 23,841 Deferred Share Awards Employee Share Plan 11,622 Japan Deferred Awards (Nominal Cost Options) £0.01 Employee Share Plan 382 Non-Employee Options £0.01 - £10.09 Non-Employee Share Plan 38,934 SIP Awards Share Incentive Plan 156,600 held in the SIP Trust ESPP Awards Employee Share Purchase Plan 115,699
OPERATION OF THE SHARE PLANS BEFORE THE EFFECTIVE DATE. 1.1 Subject to paragraph 2 of this Schedule, SWM Bidco acknowledges and agrees that, before the Effective Date, the Scapa Directors (and, where appropriate, the Scapa Remuneration Committee) may operate the Scapa Share Plans as they consider appropriate in accordance with the rules of the relevant plans and Scapa’s normal practice, modified as the Scapa Remuneration Committee considers appropriate to take account of the Acquisition or any change in regulation and subject to Rule 21.1 of the Code.
OPERATION OF THE SHARE PLANS BEFORE THE EFFECTIVE DATE. 1.1 Subject to paragraph 2 of this Schedule, the Offeror acknowledges and agrees that, before the Effective Date, the Company Directors (and, where appropriate, the Company Remuneration Committee) may operate the Share Plans as they consider appropriate in accordance with the rules of the relevant plans and the Company’s normal practice, modified as the Company Remuneration Committee considers appropriate to take account of the Acquisition or any change in regulation and subject to rule 21.1 of the Code.
OPERATION OF THE SHARE PLANS BEFORE THE EFFECTIVE DATE. 2.1 Subject to paragraph 3 of this Schedule, Bidco acknowledges and agrees that, before the Effective Date, the Target Directors (and, where appropriate, the Target Remuneration Committee) may operate the Target Share Plans as they consider appropriate in accordance with the rules of the relevant plans and Target’s normal practice, modified as the Target Remuneration Committee considers appropriate to take account of the Acquisition or any change in regulation and subject to Rule 21.1 of the Code.
