Tech Data 2014 Annual Report Download - page 155

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Except as otherwise expressly provided herein, the issuance by the Company of shares of its capital stock of any
class, or securities convertible into shares of capital stock of any class,
either in connection with direct sale or upon the
exercise of rights or warrants to subscribe therefore, or upon conversion of shares or obligations of the Company
convertible into such shares or other securities, shall not affect, and no adjustment by reason thereof shall be made with
respect to the number of shares of Common Stock subject to the HREs.
Section 8. Rights of Participant .
No person shall, by virtue of the granting of the HREs to the Participant, be
deemed to be a holder of any Shares underlying the HREs or be entitled to the rights or privileges of a holder of such
Shares unless and until Shares have been issued in settlement of the HREs.
The grant of the HREs is voluntary and occasional and the Participant shall not by virtue of the granting of the
HREs have any claim or right to be granted HREs in the future or to participate in any other compensation plan, program
or arrangement of the Company or of the Employer, even if HREs have been granted repeatedly in the past.
The granting of the HREs shall not impose upon the Company or the Employer any obligations to employ or to
continue to employ the Participant; and the right of the Company or the Employer to terminate the employment of the
Participant shall not be diminished or affected by reason of the fact that the HREs have been granted to the Participant.
Nothing herein contained shall impose any obligation upon the Participant to accept the grant of HREs.
At all times while any portion of the HREs is outstanding, the Company shall reserve and keep available, out of
shares of its authorized and unissued Common Stock or reacquired Shares, a sufficient number of Shares to satisfy the
requirements of the HREs; comply with the terms of the HREs promptly upon vesting of the HREs; and pay all fees or
expenses necessarily incurred by the Company in connection with the issuance and delivery of Shares in settlement of
the HREs.
Section 9. Termination .
Subject to Section 8, the outstanding unvested HREs granted hereunder shall terminate
and the Participant shall cease vesting in the HREs on the earliest to occur of:
(i) termination of active employment or other relationship between the Company or the Employer and the
Participant for any reason other than due to the Participant’s death or Disability; or
(ii) termination of active employment or other relationship between the Company or the Employer and
the Participant due to the Participant’s death or Disability within three months of the Date of Grant.
4