ADP 2015 Annual Report Download - page 94

Download and view the complete annual report

Please find page 94 of the 2015 ADP annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 112

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112

The expiration date of the French Sub Plan shall be the expiration date of the Plan, i.e. the tenth anniversary of the
Effective Date. No French Options shall be granted under the French Sub Plan thereafter.
15. Administration of the French Sub Plan - Amendments
Article 4(b)(v), (vi), (ix) and (x) of the Plan shall authorize the Committee to modify the key terms and conditions of
the French Options after the Date of Grant, it being precised that the Committee shall have the sole and plenary authority after the
Date of Grant to establish, amend, suspend, or waive any rules and regulations in accordance with French Law and appoint such
agents as the Committee shall deem appropriate for the proper administration of the Plan.
Any amendment of this French Sub Plan made according to Articles 4 and 13 of the Plan shall be made in accordance
with French Law.
16. Award Agreement
The Award Agreement described in Article 14(a) of the Plan shall in particular indicate (i) the number of French
Options, (ii) the French Exercise Price and (iii) the Date of Grant.
17. Governing Law
This French Sub Plan shall be governed by and construed in accordance with the internal laws of the State of
Delaware.
5