ACCENTURE LTD 2001 SHARE INCENTIVE PLAN FORM OF RESTRICTED SHARE UNIT AGREEMENT
Exhibit 10.1
ACCENTURE LTD
2001 SHARE INCENTIVE PLAN
2001 SHARE INCENTIVE PLAN
FORM OF
RESTRICTED SHARE UNIT AGREEMENT
RESTRICTED SHARE UNIT AGREEMENT
Participant:
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Date of Grant: | |
Number of RSUs:
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Date of Issuance or Transfer of Shares: |
1. Grant of RSUs. The Company hereby grants the number of restricted share units
(“RSUs”) listed above to the Participant, on the terms and conditions hereinafter set forth. This
grant is made pursuant to the terms of the Accenture Ltd 2001 Share Incentive Plan (the “Plan”),
which Plan, as amended from time to time, is incorporated herein by reference and made a part of
this Agreement. Each RSU represents the unfunded, unsecured right of the Participant to receive a
Share on the date(s) specified herein. Capitalized terms not otherwise defined herein shall have
the same meanings as in the Plan.
2. Form and Timing of Issuance or Transfer.
(a) Unless the Committee permits the Participant to elect to defer the issuance or transfer of
Shares under this Agreement pursuant to the terms and conditions established by the Committee in
its sole discretion, the Company shall issue or cause there to be transferred to the Participant,
[
number ] months following the Date of Grant, a number of Shares equal to the aggregate
number of RSUs granted to the Participant under this Agreement.
(b) Upon the issuance or transfer of Shares in accordance with Section 2(a) of this Agreement,
a number of RSUs equal to the number of Shares issued or transferred to the Participant shall be
extinguished.
3. Dividends. If on any date while RSUs are outstanding hereunder the Company shall
pay any dividend on the Shares (other than a dividend payable in Shares), the number of RSUs
granted to the Participant shall, as of such dividend payment date, be increased by a number of
RSUs equal to: (a) the product of (x) the number of RSUs held by the Participant as of the related
dividend record date, multiplied by (y) the per Share amount of any cash dividend (or, in the case
of any dividend payable in whole or in part other than in cash, the per Share value of such
dividend, as determined in good faith by the Committee), divided by (b) the Fair Market Value of a
Share on the payment date of such dividend. In the case of any dividend declared on Shares that is
payable in the form of Shares, the number of RSUs granted to the Participant shall be increased by
a number equal to the product of (I) the aggregate number of RSUs that have been held by the
Participant through the related dividend record date, multiplied by (II) the number of Shares
(including any fraction thereof) payable as a dividend on a Share.
4. Adjustments Upon Certain Events. In the event of any change in the outstanding
Shares by reason of any Share dividend or split, reorganization, recapitalization,
merger, consolidation, amalgamation, spin-off or combination transaction or exchange of Shares
or other similar events (collectively, an “Adjustment Event”), the Committee may, in its sole
discretion, adjust any Shares or RSUs subject to this Agreement to reflect such Adjustment Event.
5. Data Protection. The Participant consents to the processing (including
international transfer) of personal data as set out in Exhibit A for the purposes specified
therein.
6. No Rights of a Shareholder. The Participant shall not have any rights as a
shareholder of the Company until the Shares in question have been registered in the Company’s
register of shareholders.
7. Legend on Certificates. Any Shares issued or transferred to the Participant
pursuant to Section 2 of this Agreement shall be subject to such stop transfer orders and other
restrictions as the Committee may deem advisable under the Plan or the rules, regulations, and
other requirements of the Securities and Exchange Commission, any stock exchange upon which such
Shares are listed, and any applicable Federal or state laws or relevant securities laws of the
jurisdiction of the domicile of the Participant or to ensure compliance with any additional
transfer restrictions that may be in effect from time to time, and the Committee may cause a legend
or legends to be put on any certificates representing such Shares to make appropriate reference to
such restrictions.
8. Transferability. RSUs may not be assigned, alienated, pledged, attached, sold or
otherwise transferred or encumbered by the Participant otherwise than by will or by the laws of
descent and distribution, and any purported assignment, alienation, pledge, attachment, sale,
transfer or encumbrance not permitted by this Section 8 shall be void and unenforceable against the
Company or any Affiliate. Any Shares issued or transferred to the Participant shall be subject to
compliance by the Participant with such policies as the Committee or the Company may deem advisable
from time to time, including, without limitation, the policies relating to minimum equity holding
requirements. Such policies shall be binding upon the permitted respective legatees, legal
representatives, successors and assigns of the Participant.
9. Choice of Law. The Participant acknowledges that, (a) as of the date hereof, the
Shares underlying the RSUs granted to the Participant hereunder are publicly traded in the State of
New York on the New York Stock Exchange, (b) the Company and its Affiliates have significant
operations and numbers of employees in New York, and (c) the Company, for the purpose of ensuring
predictability and uniformity of results, desires that there be a common body of law interpreting
and enforcing this Agreement. The Parties acknowledge and agree that the State of New York has a
reasonable relationship to this Agreement and the subject matter hereof and to the Parties’
relationship to one another. The Parties therefore agree that: THE INTERPRETATION, PERFORMANCE AND
ENFORCEMENT OF THIS AGREEMENT SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO PRINCIPLES OF CONFLICTS OF LAW. THE PARTICIPANT AND COMPANY EACH AGREE THAT ANY DISPUTE OR
CONTROVERSY ARISING OUT OF OR CONCERNING THIS AGREEMENT SHALL BE EXCLUSIVELY BROUGHT IN, AND
RESOLVED EXCLUSIVELY BY, THE COURTS IN THE STATE OF NEW YORK. THE PARTICIPANT AND THE COMPANY EACH
CONSENT TO THE JURISDICTION OF THE COURTS IN THE STATE OF NEW YORK.
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10. Severability. In the event that a court or appointed arbitrator holds any
provision of this Agreement to be invalid or unenforceable, then, if allowed by law, that provision
shall be reduced, modified or otherwise conformed to the relevant law, judgment or determination to
the degree necessary to render it valid and enforceable without affecting the rest of this
Agreement. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction
shall, as to such jurisdiction, be deemed severable from the remainder of this Agreement, and the
remaining provisions contained in this Agreement shall be construed to preserve to the maximum
permissible extent the intent and purposes of this Agreement. Any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in
any other jurisdiction.
11. RSUs Subject to Plan. By entering into this Agreement, the Participant agrees and
acknowledges that the Participant has received and read a copy of the Plan. All RSUs are subject
to the Plan. In the event of a conflict between any term or provision contained herein and a term
or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail.
12. Signature in Counterparts. This Agreement may be signed in counterparts, each of
which shall be an original, with the same effect as if the signatures thereto and hereto were upon
the same instrument.
13. Rule 16b-3. The grant of the RSUs to the Participant hereunder is intended to be
exempt from the provisions of Section 16(b) of the Securities Exchange Act of 1934, as amended from
time to time (the “Exchange Act”) pursuant to Rule 16b-3 promulgated under the Exchange Act.
IN WITNESS WHEREOF, the parties hereto have executed this Restricted Share Unit Agreement.
| ACCENTURE LTD |
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| By: | ||||
| Xxxxxxx X. Xxxxxxxx | ||||
| Secretary and General Counsel | ||||
| PARTICIPANT |
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| By: | ||||
| Name: | ||||||
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EXHIBIT A
DATA PROTECTION PROVISION
| (a) | By participating in the Plan or accepting any rights granted under it, the Participant consents to the collection and processing by the Company and its Affiliates of personal data relating to the Participant by the Company and its Affiliates so that they can fulfill their obligations and exercise their rights under the Plan, issue certificates (if any), statements and communications relating to the Plan and generally administer and manage the Plan, including keeping records of participation levels from time to time. Any such processing shall be in accordance with the purposes and provisions of this data protection provision. References in this provision to the Company and its Affiliates include the Participant’s employer. | |
| These data will include data: |
(i) already held in the Participant’s records such as the Participant’s name and
address, ID number, payroll number, length of service and whether the Participant works
full-time or part time;
(ii) collected upon the Participant accepting the rights granted under the Plan (if
applicable); and
(iii) subsequently collected
by the Company or any of its Affiliates in relation to the Participant’s continued
participation in the Plan, for example, data about shares offered or received, purchased or
sold under the Plan from time to time and other appropriate financial and other data about
the Participant and his or her participation in the Plan (e.g., the date on which the shares
were granted, termination of employment and the reasons of termination of employment or
retirement of the Participant).
| (b) | This consent is in addition to and does not affect any previous consent provided by the Participant to the Company or its Affiliates. | |
| (c) | In particular, the Participant expressly consents to the transfer of personal data about the Participant as described in paragraph (a) above by the Company and its Affiliates. Data may be transferred not only within the country in which the Participant is based from time to time or within the EU or the European Economic Area, but also worldwide, to other employees and officers of the Company and its Affiliates and to the following third parties for the purposes described in paragraph (a) above: |
(i) Plan administrators, auditors, brokers, agents and contractors of, and third
party service providers to, the Company or its Affiliates such as printers and mail
houses engaged to print or distribute notices or communications about the Plan;
(ii) regulators, tax authorities, stock or security exchanges and other
supervisory, regulatory, governmental or public bodies as required by law;
(iii) actual or proposed merger partners or proposed assignees of, or those taking
or proposing to take security over, the business or assets of the Company or its
Affiliates and their agents and contractors;
(iv) other third parties to whom the Company or its Affiliates may need to
communicate/transfer the data in connection with the administration of the Plan, under a
duty of confidentiality to the Company and its Affiliates; and
(v) the Participant’s family members, physicians, heirs, legatees and others
associated with the Participant in connection with the Plan.
Not all countries, where the personal data may be transferred to, have an equal level of
data protection as in the EU or the European Economic Area. Countries to which data are
transferred include the USA and Bermuda.
All national and international transfer of personal data is only done in order to fulfill
the obligations and rights of the Company and/or its Affiliates under the Plan.
The Participant has the right to be informed whether the Company or its Affiliates hold
personal data about the Participant and, to the extent they do so, to have access to those
personal data at no charge and require them to be corrected if they are inaccurate or to be
destroyed if the Participant wishes to withdraw his or her consent. The Participant is
entitled to all the other rights provided for by applicable data protection law, including
those detailed in any applicable documentation or guidelines provided to the Participant by
the Company or its Affiliates in the past. More detailed information is available to the
Participant by contacting the appropriate local data protection officer in the country in
which the Participant is based from time to time. If the Participant has a complaint
regarding the manner in which personal information relating to the Participant is dealt
with, the Participant should contact the appropriate local data protection officer referred
to above.
| (d) | The processing (including transfer) of data described above is essential for the administration and operation of the Plan. Therefore, in cases where the Participant wishes to participate in the Plan, it is essential that his/her personal data are processed in the manner described above. At any time the Participant may withdraw his or her consent. |
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