INFORMATION TO OPTIONEES AND PURCHASERS. Seagate shall provide to each Optionee, not less frequently than annually, copies of annual financial statements. Seagate shall also provide such statements to each individual who acquires Shares pursuant to the Plan while such individual owns such Shares. Seagate shall not be required to provide such statements to key employees whose duties in connection with the Company assure their access to equivalent information.
INFORMATION TO OPTIONEES AND PURCHASERS. The Company shall provide to --------------------------------------- each Optionee, not less frequently than annually, copies of annual financial statements. The Company shall also provide such statements to each individual who acquires Shares pursuant to the Plan while such individual owns such Shares. The Company shall not be required to provide such statements to key employees whose duties in connection with the Company assure their access to equivalent information. SEAGATE SOFTWARE INFORMATION MANAGEMENT GROUP HOLDINGS INC. 1999 STOCK OPTION PLAN : UK RULES FOR EMPLOYEES ----------------------------------------------- As the duly authorised signatory of the Administrator of the 1999 Stock Option Plan (the "Plan") established by Seagate Software Information Management Group Holdings Inc., (the "Company") which is organised and existing under the General Corporation Law of the State of Delaware, USA, I hereby state and affirm that the Rules of the Plan apply to the grant of all Options save that the following provisions are applicable in the administration of the Plan with regard to such Options to which these UK Rules for Employees (the "UK Rules") are expressed to extend at the time when the Option is granted. Unless the context requires otherwise, all expressions used in the UK Rules have the same meaning as in the Plan, provided that all other words and terms not otherwise defined shall have the meaning attributed by Schedule 9 which for the purposes hereof (but for no other purpose) shall take precedence. The Plan and the UK Rules taken together are referred to hereinafter as "the Sub-Plan". References in the UK Rules to "Schedule 9" mean Schedule 9 to the Income and Corporation Taxes Act l988 ("ICTA l988") and references to any statutory enactment shall be construed as a reference to that enactment as for the time being amended or re- enacted. For the avoidance of doubt the UK Rules are not intended to provide rights with respect to Options to which the UK Rules apply in addition to those rights granted under the Plan. Rather, the UK Rules have been adopted for the purpose of ensuring that Options to which the UK Rules apply will satisfy the requirements of Schedule 9 ICTA 1988. Except as expressly provided in the UK Rules and to the extent necessary to comply with Schedule 9, the UK Rules shall be interpreted in accordance with the Plan.
