Fiscalite Aktienoptionen 2012

Optionen Gültig bis Kalender 2012 Copyright copyright 2017 MarketWatch, Inc. Alle Rechte vorbehalten. Durch die Nutzung dieser Website erklären Sie sich mit den Nutzungsbedingungen einverstanden. Datenschutzbestimmungen und Cookies. Intraday Daten von SIX Financial Information bereitgestellt und unterliegen den Nutzungsbedingungen. Historische und aktuelle Tagesenddaten von SIX Financial Information. Intraday-Daten verzögert pro Umtauschbedarf. SPDow Jones Indizes (SM) von Dow Jones Company, Inc. Alle Angebote sind in der Zeit vor Ort. Echtzeit letzte Verkaufsdaten von NASDAQ zur Verfügung gestellt. Mehr Informationen über NASDAQ gehandelte Symbole und ihre aktuelle finanzielle Situation. Intraday-Daten verzögert 15 Minuten für Nasdaq, und 20 Minuten für andere Börsen. SPDow Jones Indizes (SM) von Dow Jones Company, Inc. SEHK Intraday-Daten werden von SIX Financial Information zur Verfügung gestellt und sind mindestens 60-Minuten verzögert. Alle Anführungszeichen sind in der lokalen Austauschzeit. MarketWatch Top Stories2012 STOCK OPTION UND INCENTIVE PLAN ABSCHNITT 1. ALLGEMEINER ZWECK DER PLAN-DEFINITIONEN Der Name des Plans ist der Xoom Corporation 2012 Stock Option und Incentive Plan (der 147Plan148). Der Zweck des Plans ist es, die Offiziere, Angestellten, Nicht-Angestellten-Direktoren und andere wichtige Personen (einschließlich Berater) der Xoom Corporation (der 147Company148) und ihrer Tochtergesellschaften, deren Ursprung, Initiative und Anstrengungen das Unternehmen weitgehend abhängt, zu fördern und zu ermöglichen Erfolgreiche Geschäftsabwicklung, um ein Eigeninteresse an der Gesellschaft zu erwerben. Es wird davon ausgegangen, dass die unmittelbare Beteiligung dieser Personen an der Wohlfahrt der Gesell - schaft eine stärkere Identifizierung ihrer Interessen mit denen der Gesellschaft und ihrer Aktionäre sicherstellt und dadurch ihre Bemühungen im Namen der Gesellschaft und ihre Stärkung des Wunsches, bei der Gesellschaft zu bleiben, verstärkt. Die folgenden Begriffe sind wie folgt definiert: 147Act148 bedeutet das Securities Act von 1933 in seiner geänderten Fassung und die darin enthaltenen Regeln und Vorschriften. 147Administrator148 entweder der Vorstand oder der Vergütungsausschuss des Verwaltungsrats oder ein ähnlicher Ausschuss, der die Aufgaben des Vergütungsausschusses wahrnimmt und der mindestens zwei unabhängige Direktoren ohne Angestellte umfasst. 147Award148 oder 147Awards, 148, außer in Bezug auf eine bestimmte Kategorie von Zuschüssen im Rahmen des Plans, sind Incentive-Aktienoptionen, Nicht-Qualifizierte Aktienoptionen, Stock Appreciation Rights, Restricted Stock Units, Restricted Stock Awards, Unrestricted Stock Awards, Cash-Based Awards Und Performance Share Awards. 147Award Certificate148 bedeutet ein schriftliches oder elektronisches Dokument, in dem die Bedingungen und Bestimmungen festgelegt sind, die für einen im Rahmen des Plans gewährten Award gelten. Jede Auszeichnungsurkunde unterliegt den Bedingungen des Plans. 147Board148 bezeichnet den Verwaltungsrat der Gesellschaft. 147Cash-Based Award148 bedeutet einen Award, der es dem Empfänger ermöglicht, eine Zahlungsmittelzahlung zu erhalten. 147Code148 bedeutet den Internal Revenue Code von 1986 in der jeweils gültigen Fassung sowie alle Nachfolgegesetze und damit zusammenhängende Regeln, Vorschriften und Interpretationen. 147Consultant148 bedeutet jede natürliche Person, die der Gesellschaft ordnungsgemäße Dienstleistungen erbringt, und diese Dienstleistungen stehen nicht im Zusammenhang mit dem Angebot oder der Veräußerung von Wertpapieren in einer Kapitalerhöhungstransaktion und stellen weder direkt noch indirekt einen Markt für die Wertpapiere der Gesellschaft dar. 147Covered Employee148 bedeutet einen Arbeitnehmer, der ein 147Covered Employee148 im Sinne von Section 162 (m) des Code ist. 147Effective Date 148 bedeutet das Datum, an dem der Plan von den Aktionären gemäß Ziffer 21 genehmigt wird. 147Exchange Act148 bedeutet das Securities Exchange Act von 1934 in seiner geänderten Fassung und die darin enthaltenen Regeln und Vorschriften. 147Fair Market Value148 der Aktie zu einem bestimmten Zeitpunkt bedeutet der Marktwert der Aktie, die in gutem Glauben von der Verwaltungsstelle bestimmt ist, vorausgesetzt, dass, wenn die Aktie zum Angebot an der National Association of Securities Dealers Automated Quotation System (147NASDAQ148) , NASDAQ Global Market oder einer anderen nationalen Wertpapierbörse, erfolgt die Ermittlung unter Bezugnahme auf Marktnotierungen. Wenn keine Marktnotierungen für diesen Zeitpunkt vorliegen, erfolgt die Ermittlung unter Bezugnahme auf den letzten Termin, der diesem Zeitpunkt vorausgeht, für den weitere Marktnotierungen vorliegen, wobei jedoch der Tag, an dem der Fair Market Value ermittelt wird, der erste Tag ist Wenn der Handelspreis für die Aktie an einer nationalen Wertpapierbörse gemeldet wird, ist der Fair Market Value der 147Preis für die Öffentlichkeit148 (oder ein gleichwertiger Betrag), der auf dem Deckblatt für den endgültigen Prospekt im Zusammenhang mit dem Börsengangspapier der Gesellschaft dargestellt ist. 147Incentive Stock Option148 bezeichnet jede Aktienoption, die als 147-Aktienoption148 definiert und qualifiziert ist, wie in Section 422 des Code definiert. 147Initial Public Offering148 bedeutet die Vollendung des ersten vollständig unterzeichneten, festen Verpflichtungsangebots gemäß einer effektiven Registrierungserklärung nach dem Gesetz über das Angebot und die Veräußerung der Beteiligungspapiere durch die Gesellschaft oder ein anderes Ereignis infolge oder nach dem Aktien werden öffentlich gehalten. 147Mitarbeiterdirektor148 ist ein Mitglied des Verwaltungsrats, das nicht auch Arbeitnehmer der Gesellschaft oder einer Tochtergesellschaft ist. 147 Nicht qualifizierte Aktienoption148 bedeutet jede Aktienoption, die keine Anreizaktienoption ist. 147Option148 oder 147Stock Option 148 bedeutet jede Option, Aktien von Aktien, die gemäß Ziffer 5 gewährt werden, zu erwerben. 147Performance-Based-Prämie148 bedeutet jede eingeschränkte Aktie, Restricted Stock Units, Performance Share Award oder Cash-Based-Prämie, die einem Covered Employee gewährt wird Als 147 leistungsorientierte Vergütung148 nach § 162 m) des Kodex und die darin verabschiedeten Regelungen. 147Performance Criteria148 bedeutet die Kriterien, die der Administrator für die Ermittlung des Performance-Ziels oder der Leistungsziele für eine Person für einen Performance-Zyklus auswählt. Die Leistungskriterien, die auf die vom Administrator festgelegte organisatorische Ebene angewendet werden, einschließlich, aber nicht beschränkt auf die Gesellschaft oder eine Einheit, Abteilung, Gruppe oder Tochtergesellschaft der Gesellschaft), die zur Festlegung von Leistungszielen verwendet werden, sind begrenzt Wie folgt: Ergebnis vor Zinsen, Steuern und Abschreibungen, Nettoergebnis (vor oder nach Zinsen, Steuern, Abschreibungen und Amortisationen), Änderungen des Börsenkurses der Aktie, wirtschaftliche Wertschöpfung, Betriebsmittel (Einschließlich, aber nicht beschränkt auf operativen Cash Flow und Free Cash Flow), Kapitalrendite, Vermögenswerte, Eigenkapital, oder Investitionen, Aktionäre, oder ähnliche Maßnahmen, Umsatz oder Erlöse, Akquisitionen oder strategische Transaktionen, Betriebsergebnis (Verlust), Cashflow Rendite, Umsatzrendite, Brutto - oder Nettogewinn, Produktivität, Aufwand, Margen, operative Effizienz, Kundenzufriedenheit, Betriebskapital, Ergebnis je Aktie der Aktie, Umsatz oder Marktanteile und Anzahl der Kunden Gemessen entweder in absoluten Zahlen oder im Vergleich zu einer inkrementellen Erhöhung oder im Vergleich zu den Ergebnissen einer Peer-Gruppe. 147Performance Cycle148 bedeutet eine oder mehrere Zeitperioden, die von variierenden und sich überschneidenden Laufzeiten sein können, wie der Administrator auswählen kann, über die das Erreichen einer oder mehrerer Leistungskriterien zum Zwecke der Feststellung des Anspruchs und der Zahlung des Zuschusses erfolgt Eines eingeschränkten Aktienkurses, eingeschränkter Aktienanteile, Performance Share Award oder Cash-Based Award. Jede solche Frist darf nicht weniger als 12 Monate betragen. 147Performance Goals148 bedeutet für einen Performance-Zyklus die spezifischen Ziele, die der Administrator für einen Performance-Zyklus aufgrund der Performance-Kriterien schriftlich festlegt. 147Performance Share Award148 ist eine Auszeichnung, die den Empfänger berechtigt, Aktien zu erwerben, wenn bestimmte Leistungsziele erreicht werden. 147Restricted Stock Award148 ist ein Prämienanspruch, der es dem Empfänger gestattet, zu dem von dem Administrator festgelegten Kaufpreis (der gleich Null sein kann) Aktien zu erwerben, die den Einschränkungen und Bedingungen unterliegen, die der Administrator zum Zeitpunkt der Gewährung bestimmen kann. 147Restricted Stock Units148 bedeutet eine Auszeichnung von Phantom Stock Einheiten an einen Stipendiaten. 147Verkaufsveranstaltung 148 bedeutet (i) den Verkauf aller oder im Wesentlichen sämtlicher Vermögenswerte der Gesellschaft auf konsolidierter Basis an eine unabhängige natürliche oder juristische Person, (ii) eine Verschmelzung, Reorganisation oder Konsolidierung, nach der die Inhaber der Gesellschaft ausstehende Stimmrechte haben Unmittelbar nach Abschluss einer solchen Transaktion keine Mehrheit der ausstehenden Stimmrechte der daraus resultierenden oder der Nachfolgerin (oder ihrer unmittelbaren Muttergesellschaft) besitzen, (iii) der Verkauf aller Aktien der Gesellschaft Gesellschaft an eine unabhängige natürliche oder juristische Person oder (iv) jede andere Transaktion, bei der die Inhaber der ausstehenden Stimmrechte der Gesellschaft vor einer solchen Transaktion nicht mindestens eine Mehrheit der ausstehenden Stimmrechte der Gesellschaft oder eines Nachfolgestaates unmittelbar nach dem Zeitpunkt besitzen Den Abschluss der Transaktion nicht als Folge des Erwerbs von Wertpapieren direkt von der Gesellschaft. 147 Der Verkaufspreis 148 bedeutet den Wert, den der Administrator von der zu zahlenden oder anderweitig zu erhaltenden Gegenleistung pro Aktie der Aktionäre nach einer Sale-Veranstaltung festlegt. 147Sektion 409A148 bezeichnet § 409A des Kodex und die darin enthaltenen Regelungen und sonstigen Leitlinien. 147Stock148 bezeichnet die Stammaktie mit einem Nennwert von 0,0001 je Aktie der Gesellschaft, vorbehaltlich Anpassungen gemäß Ziffer 3. 147Stock-Würdigungsrecht148 bedeutet eine Auszeichnung, die es dem Empfänger ermöglicht, Aktien von Aktien mit einem Wert zu erhalten, der dem Marktwertüberschuss entspricht Der Aktie am Tag der Ausübung über den Ausübungspreis des Stock Appreciation Right multipliziert mit der Anzahl der Aktien, für die das Stock Appreciation Right ausgeübt worden ist. 147Subsidiary148 bezeichnet eine Kapitalgesellschaft oder eine andere Gesellschaft (außer der Gesellschaft), an der die Gesellschaft direkt oder indirekt mindestens 50% der Anteile hält. 147Ten Prozent Besitzer148 bedeutet, dass ein Mitarbeiter, der aufgrund der Zuordnungsregeln des § 424 (d) des Kodex Eigentümer oder Eigentümer ist, mehr als 10 Prozent der kombinierten Stimmrechte aller Aktienklassen der Gesellschaft oder eines Mutterunternehmens besitzt Oder Tochtergesellschaft. 147Unterbegrenzter Aktienpreis148 bedeutet eine Veräußerung von Aktien der Aktie ohne Beschränkungen. ABSCHNITT 2. VERWALTUNG DER PLAN-ADMINISTRATOR-BEHÖRDE ZUR AUSWAHL VON GRANTEN UND (a) Verwaltung des Plans. Der Plan wird vom Administrator verwaltet. B) Befugnisse des Verwalters. Der Administrator hat die Befugnis und die Befugnis, im Einklang mit den Bestimmungen des Plans, einschließlich der Befugnisse und Befugnisse, Auszeichnungen zu gewähren: (i) die Personen auszuwählen, denen Awards von Zeit zu Zeit gewährt werden können, (ii) Zeiten der Gewährung und der Höhe der Incentive-Aktienoptionen, Nicht-Qualifizierte Aktienoptionen, Stock Appreciation Rights, Restricted Stock Awards, Restricted Stock Units, Unrestricted Stock Awards, Cash-Based Awards und Performance Share Awards oder eine beliebige Kombination (Iii) die Anzahl der Aktien zu bestimmen, die von einem Award (iv) abgedeckt werden sollen, um von Zeit zu Zeit die Bedingungen und Einschränkungen festzulegen und zu ändern, die nicht unvereinbar sind Die Bedingungen und Konditionen des Plans, die von den einzelnen Prämien und Stipendiaten abweichen können, und die Form von Prämienzertifikaten zu genehmigen, (v) die Ausübung oder Ausübung aller oder eines Teils einer Prämie jederzeit zu beschleunigen (Vi) vorbehaltlich der Bestimmungen von Abschnitt 5 Buchstabe b) jederzeit die Ausübung der Bezugsrechte zu verlängern und (vii) jederzeit die Annahme, Änderung und Aufhebung dieser Regeln, Den Plan und für seine eigenen Handlungen und Verfahren, wie es für ratsam erachtet, die Bestimmungen und Bestimmungen des Plans und einen Preis (einschließlich der damit zusammenhängenden schriftlichen Urkunden) zu interpretieren, um alle Bestimmungen, die er für die Verwaltung des Plans für zweckdienlich hält, zu entscheiden In Verbindung mit dem Plan und zur anderweitigen Überwachung der Verwaltung des Plans. Alle Entscheidungen und Interpretationen des Administrators sind für alle Personen, einschließlich der Gesellschafts - und Plankandidaten, verbindlich. C) Delegation der Behörde für Zuschussoptionen. Vorbehaltlich des anwendbaren Rechts kann die Verwaltungsstelle nach eigenem Ermessen an den Chief Executive Officer der Gesellschaft alle oder einen Teil der Vollmacht und die Pflichten des Administrators für die Gewährung von Optionen an Personen, die (i) nicht der Berichterstattung unterliegen, übertragen Und andere Bestimmungen des § 16 des Börsengesetzes und (ii) nicht abgedeckte Arbeitnehmer. Jede derartige Delegation durch die Verwaltungsstelle enthält eine Beschränkung hinsichtlich der Höhe der Optionen, die während des Zeitraums der Delegation gewährt werden können, und enthält Leitlinien für die Festlegung des Ausübungspreises und die Ausübungsbedingungen. Der Administrator kann die Bedingungen einer Delegation jederzeit widerrufen oder ändern, aber diese Maßnahme darf keine vorherigen Maßnahmen des Delegierten oder Delegierten des Administrators, die mit den Bedingungen des Plans vereinbar sind, ungültig machen. D) Zuschlagsbescheinigung. Die Prämien im Rahmen des Plans sind durch Prämienzertifikate zu belegen, die die Bedingungen, Konditionen und Beschränkungen für jede Auszeichnung festlegen, die unter anderem die Laufzeit einer Prämie und die Bestimmungen für die Kündigung der Beschäftigung oder der Dienstleistung beinhalten können. E) Entschädigung. Weder der Verwaltungsrat noch der Verwalter oder irgendein Mitglied eines Delegierten oder jeder Delegierte haftet für jede Handlung, Unterlassung, Auslegung, Konstruktion oder Entschlossenheit, die in gutem Glauben im Zusammenhang mit dem Plan und den Mitgliedern des Verwaltungsrats und der Verwaltungsstelle getroffen wird (Und deren Bevollmächtigter) hat in allen Fällen Anspruch auf Entschädigung und Erstattung von Ansprüchen, Verlusten, Schäden oder Aufwendungen (einschließlich angemessener Anwaltskosten), die sich daraus ergeben oder sich daraus ergeben, in vollem Umfang von der Gesellschaft freizustellen und zu erstatten Recht und andernfalls durch die Gesell - schaft oder durch Gesellschaftsverträge oder durch irgendwelche Directors146 und Officers146 Haftpflichtversicherungen, die von Zeit zu Zeit in Kraft sein können, und einer Entschädigungsvereinbarung zwischen dieser Person und der Gesellschaft. F) ausländische Auszahlungsempfänger. Unbeschadet einer gegenteiligen Bestimmung des Plans ist die Verwaltungsstelle nach alleinigem Ermessen zur Wahrung der Gesetze in anderen Ländern, in denen die Gesellschaft und ihre Tochtergesellschaften tätig sind oder mit Angestellten oder sonstigen Personen ausgestattet sind, berechtigt (Ii) festzulegen, welche Personen außerhalb der Vereinigten Staaten zur Teilnahme an dem Plan berechtigt sind, (iii) die Bedingungen und Konditionen eines Preises zu ändern, der an Personen außerhalb der Vereinigten Staaten gewährt wird (Iv) Erstellung von Teilplänen und Modifikationen von Übungsverfahren und sonstigen Bedingungen und Verfahren, soweit der Verwalter feststellt, dass diese Maßnahmen notwendig oder ratsam sind (und solche Teilpläne und Änderungen an diesem Plan als Anhänge beigefügt werden) Dass keine derartige Teilpläne und Modifikationen die in Ziffer 3 (a) enthaltenen Anteilsbeschränkungen erhöhen und (v) vor oder nach einer Preisvergabe Maßnahmen ergreifen, die der Verwalter als notwendig oder ratsam erachtet, zu erhalten Genehmigung oder die Einhaltung der lokalen behördlichen Befreiungen oder Zulassungen. Unbeschadet der vorstehenden Bestimmungen darf der Administrator keine Maßnahmen ergreifen, und es dürfen keine Awards verliehen werden, die gegen das Börsengesetz oder andere anwendbare US-amerikanische Wertpapiergesetze, den Kodex oder andere anwendbare US-amerikanische Gesetze verstoßen. ABSCHNITT 3. VERGÜTUNGSMITTEL IM PLAN MERGERS SUBSTITUTION a) Bestände. Die Höchstanzahl der Aktien, die für die Ausgabe gemäß dem Plan zur Verfügung stehen und zur Verfügung stehen, beträgt, vorbehaltlich der Anpassung gemäß Ziffer 3 Buchstabe b), am 1. Januar 2014 und danach jeweils am 1. Januar 2015, 3.000.000 Aktien (die 147 Anfangsgrenze148) Die Anzahl der Aktien, die für die Ausgabe im Rahmen des Plans reserviert sind und zur Verfügung stehen, wird kumulativ um vier Prozent (4) der Anzahl der Aktien im Umlauf gehalten, die am unmittelbar vorangehenden 31. Dezember ausgegeben wurden (die Zunahme 147). Vorbehaltlich einer solchen Beschränkung darf die maximale Aktienanzahl der Aktien, die in Form von Incentive-Aktienoptionen ausgegeben werden darf, die anfängliche Obergrenze, die kumulativ am 1. Januar 2014 und am 1. Januar danach durch den kleineren Teil des Jah - res erhöht wurde, nicht übersteigen Zunahme für dieses Jahr oder 1.500.000 Aktien, die in allen Fällen einer Anpassung gemäß Ziffer 3 Buchstabe b unterliegen. Für die Zwecke der Gesamtaktienbeschränkung werden die Aktien der Aktien, die den Prämien im Rahmen des Plans zugrunde liegen, sowie die Aktien der Aktien, die den Prämien im Rahmen der Aktienoption und des Stipendienplans von Company146s 2010 zugrunde liegen, aufgehoben und zurückgenommen werden Oder Erfüllung eines Ausübungspreises oder eines Steuerabzugs, der von der Gesellschaft vor der Ausübung zurückerworben wird, ohne die Ausgabe von Aktien erfüllt oder anderweitig gekündigt wird (außer durch Ausübung), werden den Aktien der Aktien, der Plan. Für den Fall, dass die Gesellschaft Aktien der Aktien auf dem offenen Markt zurückkauft, werden diese Aktien nicht zu den im Rahmen des Plans zur Verfügung stehenden Aktien der Aktien hinzugefügt. Vorbehaltlich all dieser Beschränkungen können Aktien bis zu einer solchen Höchstzahl gemäß einer Art oder einer Art von Prämie ausgegeben werden, wobei jedoch Aktienoptionen oder Stock Appreciation Rightss in Bezug auf nicht mehr als 1.500.000 Aktien von Aktien gewährt werden dürfen Eines einzelnen Stipendiaten während eines Kalenderjahres. Die Aktien, die für die Ausgabe im Rahmen des Plans zur Verfügung stehen, können zugelassene, aber nicht ausgegebene Aktien der Aktie oder Aktien der Gesellschaft sein, die von der Gesellschaft erworben wurden. (B) Bestandsveränderungen. Vorbehaltlich der Ziffer 3 Buchstabe c), werden aufgrund der Umstrukturierung, der Rekapitalisierung, der Umgliederung, der Aktiendividende, des Aktiensplits, der umgekehrten Aktienspaltung oder einer ähnlichen Änderung des Grundkapitals der Gesellschaft die ausstehenden Aktien erhöht oder gesenkt Oder gegen eine andere Anzahl oder Art von Aktien oder anderen Wertpapieren der Gesellschaft ausgetauscht werden oder zusätzliche Aktien oder neue oder verschiedene Aktien oder andere Wertpapiere der Gesellschaft oder andere Sachvermögen in Bezug auf diese Aktien oder andere Wertpapiere verteilt werden , Oder, wenn durch eine Fusion oder Konsolidierung, der Verkauf aller oder im Wesentlichen das gesamte Vermögen der Gesellschaft, die ausstehenden Aktien der Gesellschaft in Wertpapiere der Gesellschaft oder einer Nachfolgegesellschaft (oder eines Mutterunternehmens) umgewandelt oder umgetauscht werden Oder Tochtergesellschaft) eine angemessene oder angemessene Anpassung in (i) der maximalen Anzahl von Aktien, die für die Ausgabe gemäß dem Plan reserviert sind, einschließlich der maximalen Anzahl von Aktien, die in Form von Incentive-Aktienoptionen ausgegeben werden können, (ii ) Die Anzahl der Aktienoptionen oder Aktienwertsteigerungsrechte, die einem einzelnen Berechtigten gewährt werden können, und die Höchstanzahl der Aktien, die im Rahmen eines erfolgsbezogenen Prämiengewinns gewährt werden können, (iii) Anzahl und Art der Aktien oder sonstigen Wertpapiere, (I) der Rückkaufpreis, falls vorhanden, je Aktie unterliegt jeder ausstehenden Restricted Stock Award, und (v) der Ausübungspreis für jede Aktie vorbehaltlich aller dann ausstehenden Aktienoptionen und Stock Appreciation Rights unter Der Plan, ohne den aggregierten Ausübungspreis zu ändern (d Der Ausübungspreis multipliziert mit der Anzahl der Stock Options und Stock Appreciation Rights), auf die diese Aktienoptionen und Stock Appreciation Rights ausübbar bleiben. Der Verwalter wird ferner angemessene Anpassungen der Anzahl der ausgegebenen Aktien und des Ausübungspreises sowie der Bedingungen der ausstehenden Vergütungen vornehmen, um Bardividenden, die nicht im ordentlichen Kurs gezahlt wurden, oder sonstigen außerordentlichen Unternehmensereignissen zu berücksichtigen. Die Anpassung durch den Administrator ist endgültig, bindend und abschließend. Kein Teilbetrag der Aktien wird im Rahmen des Plans aus einer solchen Anpassung ausgestellt werden, aber der Verwalter in seinem Ermessen kann eine Barzahlung anstelle von gebrochenen Aktien zu machen. (C) Fusionen und sonstige Geschäfte. Sofern der Verwaltungsrat in Bezug auf bestimmte Prämien in dem betreffenden Prämienzertifikat nichts anderes festlegen kann, können die Parteien im Falle und vorbehaltlich der Durchführung einer Sale-Veranstaltung die Übernahme oder Fortsetzung der Prämien, die von der Nachfolgegesellschaft gewährt wurden, Oder die Ersetzung dieser Prämien mit neuen Prämien der Nachfolgegesellschaft oder deren Muttergesellschaft, mit entsprechender Anpassung der Anzahl und Art der Aktien und gegebenenfalls der je Aktie ausgeübten Ausübungspreise, soweit diese Parteien vereinbaren. Soweit die Parteien eines solchen Sale-Events die Annahme, Fortsetzung oder Ersetzung von Awards nicht vorsehen, werden sämtliche Options - und Stock Appreciation Rights, die nicht unmittelbar vor der wirksamen Zeit des Sale-Events ausübbar sind, zum Zeitpunkt der Wirksamkeit voll ausübbar Werden alle anderen Prämien mit zeitlicher Ausübungsmöglichkeit, Bedingungen oder Einschränkungen ab dem Zeitpunkt des Verkaufsverhältnisses vollstän - dig wahrgenommen, und alle Prämien mit Bedingungen und Einschränkungen, die sich auf die Erfüllung von Leistungszielen beziehen, können unverfallbar werden Die im Zusammenhang mit einem Verkaufsereignis im Ermessen des Verwalters und nach Ablauf der wirksamen Zeit des Verkaufsveranstalters nicht zurückgezahlt werden, beenden der Plan und alle ausstehenden Prämien. Im Falle einer solchen Kündigung hat (i) die Gesellschaft nach eigenem Ermessen die Möglichkeit, eine Barzahlung an die Stipendiaten mit Options - und Stock Appreciation Rights, gegen deren Aufhebung, in einer Höhe zu leisten oder zu leisten Gleich der Differenz zwischen (A) dem Verkaufspreis, multipliziert mit der Anzahl der Aktien, die den ausstehenden Optionen und den Wertzuwachsrechten unterliegen (in dem Umfang, der dann zu Preisen ausübbar ist, die den Verkaufspreis nicht übersteigen) und (B) die aggregierte Ausübung Preises für alle ausstehenden Optionen und Stock Appreciation Rights oder (ii) jedem Stipendiaten innerhalb eines bestimmten Zeitraums vor der Durchführung der Sale Event, wie vom Administrator festgelegt, die Ausübung aller ausstehenden Optionen und Stock Appreciation Rights ( Soweit dies ausübbar ist). D) Ersatzpreise. Der Verwalter kann im Rahmen des Plans Vergütungen für aktien - und bestandsorientierte Vergütungen von Mitarbeitern, Direktoren oder anderen Schlüsselpersonen eines anderen Unternehmens im Zusammenhang mit der Verschmelzung oder Konsolidierung der Arbeitnehmergesellschaft mit der Gesellschaft oder einer Tochtergesellschaft oder dem Erwerb durch die Gesellschaft gewähren Gesellschaft oder einer Tochtergesellschaft von Vermögensgegenständen oder Vorräten der beschäftigenden Gesellschaft. Der Administrator kann leiten, dass die Ersatzpreise zu den Bedingungen und Bedingungen vergeben werden, die der Administrator unter den gegebenen Umständen für angemessen erachtet. Jeglicher Ersatz Die im Rahmen des Plans gewährten Prämien werden nicht auf die in Ziffer 3 Buchstabe a genannte Aktienbeschränkung angerechnet. ABSCHNITT 4. EIGENTUMSVORAUSSETZUNGEN Im Rahmen des Plans werden Voll - oder Teilzeitangestellte und sonstige Angestellte, Nicht-Angestellte-Direktoren und Schlüsselpersonen (einschließlich Berater) der Gesellschaft und ihrer Tochtergesellschaften, die von Zeit zu Zeit von der Verwaltungsstelle ausgewählt werden, Ermessen. ABSCHNITT 5. AKTIENOPTIONEN Jede im Rahmen des Plans gewährte Aktienoption muss in der Form erfolgen, die der Verwaltungsrat von Zeit zu Zeit genehmigen kann. Aktienoptionen, die im Rahmen des Plans gewährt werden, können entweder Incentive Stock Options oder Non-Qualified Stock Options sein. Incentive-Aktienoptionen können nur den Mitarbeitern der Gesellschaft oder einer Tochtergesellschaft gewährt werden, die ein Gesellschaftsorgan im Sinne von Section 424 (f) des Code ist. Soweit eine Option nicht als Anreizaktienoption qualifiziert ist, gilt sie als nicht qualifizierte Aktienoption. Aktienoptionen, die gemäß diesem Abschnitt 5 gewährt werden, unterliegen den nachstehenden Bedingungen und enthalten zusätzliche Bedingungen, die nicht mit den Bedingungen des Plans unvereinbar sind, wie es der Verwalter für wünschenswert hält. Wenn der Verwaltungsrat dies feststellt, können die Aktienoptionen anstelle der Barabfindung bei der Wahl des Optionsrechts, vorbehaltlich der vom Verwaltungsrat festgelegten Bedingungen, gewährt werden. (A) Ausübungspreis. Der Ausübungspreis je Aktie für die Aktie, die durch eine gemäß diesem Abschnitt 5 gewährte Aktienoption abgedeckt wird, wird vom Administrator zum Zeitpunkt der Gewährung bestimmt, darf aber nicht unter 100 Prozent des Fair Market Value am Tag der Gewährung liegen. Im Falle einer Anreizaktienoption, die einem zehnprozentigen Eigentümer gewährt wird, beträgt der Optionspreis dieser Incentive-Aktienoption nicht weniger als 110 Prozent des Fair Market Value am Tag der Gewährung. (B) Optionslaufzeit. Die Laufzeit jeder Aktienoption wird vom Verwaltungsrat festgelegt, aber keine Aktienoption kann mehr als zehn Jahre nach dem Tag der Ausgabe der Aktienoption ausgeübt werden. Im Fall einer Anreizaktienoption, die einem zehnprozentigen Eigentümer gewährt wird, beträgt die Laufzeit dieser Aktienoption höchstens fünf Jahre ab dem Datum der Gewährung. (C) Ausübungsrechte eines Aktionärs. Aktienoptionen werden zu diesem Zeitpunkt oder zu Zeiten ausübbar, unabhängig davon, ob sie in Raten vorliegen oder nicht, wie sie vom Administrator am oder nach dem Gewährungszeitpunkt festgelegt werden. Der Verwalter kann jederzeit die Ausübbarkeit aller oder eines Teils einer Aktienoption beschleunigen. Ein Optionsrecht hat die Rechte eines Aktionärs nur für Aktien, die bei Ausübung einer Aktienoption erworben wurden und nicht für nicht ausgeübte Aktienoptionen. (D) Ausübungsmethode. Aktienoptionen können ganz oder teilweise durch schriftliche oder elektronische Ausübung der Ausübung der Gesellschaft ausgeübt werden, wobei die Anzahl der zu erwerbenden Aktien angegeben ist. Die Zahlung des Kaufpreises kann durch eine oder mehrere der folgenden Methoden erfolgen, soweit dies im Optionsausschüttungszertifikat vorgesehen ist: (i) in bar, durch zertifizierte oder Bankscheck oder sonstiges für den Administrator annehmbares Instrument (ii) durch die Lieferung (Oder eine Bescheinigung über das Eigentum) von Aktien, die vom Optionsnehmer auf dem freien Markt gekauft wurden oder die seit mindestens sechs Monaten im Besitz des Optionsnehmers stehen und die dann nicht unter Einschränkungen in einem Unternehmensplan liegen. Solche zurückgegebenen Aktien werden am Ausübungszeitpunkt zum Fair Market Value bewertet. (Iii) Wenn der Optionsnehmer der Gesellschaft eine ordnungsgemäß ausgeführte Ausübungsmitteilung mit unwiderruflichen Weisungen an einen Broker übergibt, um unverzüglich an die Gesellschaft Bargeld oder einen Scheck zu liefern, der zahlbar und akzeptabel ist Wenn der Optionsnehmer den Kaufpreis so festlegt, wie dies vorgesehen ist, so müssen der Optionsnehmer und der Makler diese Verfahren einhalten und solche Vereinbarungen über die Entschädigung und andere Vereinbarungen treffen, die der Verwalter als Die Voraussetzung eines solchen Zahlungsverfahrens oder (iv) Bezug auf Aktienoptionen, die keine Incentive - Aktienoptionen sind, durch eine Vereinbarung, wonach die Gesellschaft die Anzahl der Aktien, die bei Ausübung der Aktien ausgegeben werden, Ein Fair Market Value, der den aggregierten Ausübungspreis nicht übersteigt. Zahlungsinstrumente werden bei der Erhebung einbehalten. Die Übertragung der Aktien auf Aktien der Gesellschaft oder der Übertragungsstelle der Aktien, die im Rahmen der Ausübung einer Aktienoption erworben werden sollen, ist abhängig vom Erhalt des Optionsrechts (oder eines an seiner Stelle handelnden Käufers nach Maßgabe der gesetzlichen Bestimmungen) Mit den Bestimmungen der Aktienoption) von der Gesellschaft den vollständigen Kaufpreis für diese Aktien und die Erfüllung sonstiger in dem Optionsausschüttungszertifikat oder anwendbarer Gesetze (einschließlich der Erfüllung etwaiger Verrechnungssteuern, die die Gesellschaft verpflichtet Einbehalten). Für den Fall, dass ein Optionsnehmer den Kaufpreis durch bereits im Besitz befindliche Aktien durch die Bescheinigungsmethode bezahlt, ist die Anzahl der Aktien, die bei Ausübung der Aktienoption an den Optionsnehmer übertragen werden, ohne die Anzahl der bescheinigten Aktien. Für den Fall, dass die Gesellschaft für sich oder unter Nutzung der Dienstleistungen eines Dritten ein automatisiertes System für die Ausübung von Aktienoptionen, wie zB ein System, das eine Internetseite oder eine interaktive Sprachantwort verwendet, einrichten kann, kann die papierlose Ausübung von Aktienoptionen erfolgen Durch ein solches automatisiertes System zugelassen werden. (E) Jährliche Begrenzung auf Anreizoptionen. Soweit es für die Behandlung gemäß Section 422 des Kodex erforderlich ist, wird der gesamte Fair Market Value (bestimmt zum Zeitpunkt der Gewährung) der Aktien, für die gemäß diesem Plan gewährte Aktienoptionen und ein anderer Plan gewährt wird Der Gesellschaft oder ihrer Mutter - und Tochtergesellschaften erstmals von einem Optionsnehmer während eines Kalenderjahres ausübbar sind, darf 100.000 nicht übersteigen. Soweit eine Aktienoption diese Grenze überschreitet, bildet sie eine nicht qualifizierte Aktienoption. ABSCHNITT 6. WERTPAPIERVERWALTUNGSRECHTE (a) Ausübungspreis der Stock Appreciation Rights. Der Ausübungspreis eines Stock Appreciation Right darf am Tag der Gewährung nicht unter 100 Prozent des Fair Market Value der Aktie liegen. (B) Gewährung und Ausübung von Stock Appreciation Rights. Stock Appreciation Rights kann von der Verwaltungsstelle unabhängig von einer gemäß Ziffer 5 des Plans gewährten Aktienoption gewährt werden. (C) Allgemeine Bedingungen für die Wertzuwachsrechte. Stock Appreciation Rights unterliegen den Bedingungen, die der Administrator von Zeit zu Zeit festlegt. Die Laufzeit eines Stock Appreciation Right darf zehn Jahre nicht überschreiten. ABSCHNITT 7. RESTRICTED STOCK AWARDS (a) Beschränkte Aktienpreise. Der Administrator legt die Beschränkungen und Bedingungen fest, die für jeden Restricted Stock Award zum Zeitpunkt der Gewährung gelten. Die Bedingungen können auf einer kontinuierlichen Beschäftigung (oder einer anderen Dienstbeziehung) und auf der Erreichung vorgegebener Leistungsziele und - ziele beruhen. Die Bedingungen dieser Zertifikate werden vom Administrator festgelegt, und die Bedingungen und Konditionen können zwischen einzelnen Awards und Stipendiaten unterschiedlich sein. (B) Rechte als Aktionär. Nach Erteilung des Beschränkten Aktienpreises und Zahlung eines anwendbaren Kaufpreises hat der Berechtigte die Rechte eines Aktionärs in Bezug auf die Stimmabgabe der Beschränkten Aktie und den Erhalt von Dividenden, sofern der Erlass von Beschränkungen in Bezug auf die Beschränkte Stock Award an die Erreichung der Erfolgsziele gebunden ist, fallen Dividenden, die die Gesellschaft während des Performance-Zeitraums gezahlt hat, an und werden nicht an den Grante gezahlt, solange und bis die Leistungsziele in Bezug auf den Restricted Stock Award erfüllt sind. Unless the Administrator shall otherwise determine, (i) uncertificated Restricted Stock shall be accompanied by a notation on the records of the Company or the transfer agent to the effect that they are subject to forfeiture until such Restricted Stock are vested as provided in Section 7(d) below, and (ii) certificated Restricted Stock shall remain in the possession of the Company until such Restricted Stock is vested as provided in Section 7(d) below, and the grantee shall be required, as a condition of the grant, to deliver to the Company such instruments of transfer as the Administrator may prescribe. (c) Restrictions . Restricted Stock may not be sold, assigned, transferred, pledged or otherwise encumbered or disposed of except as specifically provided herein or in the Restricted Stock Award Certificate. Except as may otherwise be provided by the Administrator either in the Award Certificate or, subject to Section 18 below, in writing after the Award is issued, if a grantee146s employment (or other service relationship) with the Company and its Subsidiaries terminates for any reason, any Restricted Stock that has not vested at the time of termination shall automatically and without any requirement of notice to such grantee from or other action by or on behalf of, the Company be deemed to have been reacquired by the Company at its original purchase price (if any) from such grantee or such grantee146s legal representative simultaneously with such termination of employment (or other service relationship), and thereafter shall cease to represent any ownership of the Company by the grantee or rights of the grantee as a stockholder. Following such deemed reacquisition of unvested Restricted Stock that are represented by physical certificates, a grantee shall surrender such certificates to the Company upon request without consideration. (d) Vesting of Restricted Stock . The Administrator at the time of grant shall specify the date or dates andor the attainment of pre-established performance goals, objectives and other conditions on which the non-transferability of the Restricted Stock and the Company146s right of repurchase or forfeiture shall lapse. Subsequent to such date or dates andor the attainment of such pre-established performance goals, objectives and other conditions, the shares on which all restrictions have lapsed shall no longer be Restricted Stock and shall be deemed 147vested.148 Except as may otherwise be provided by the Administrator either in the Award Certificate or, subject to Section 18 below, in writing after the Award is issued, a grantee146s rights in any shares of Restricted Stock that have not vested shall automatically terminate upon the grantee146s termination of employment (or other service relationship) with the Company and its Subsidiaries and such shares shall be subject to the provisions of Section 7(c) above. SECTION 8. RESTRICTED STOCK UNITS (a) Nature of Restricted Stock Units . The Administrator shall determine the restrictions and conditions applicable to each Restricted Stock Unit at the time of grant. Conditions may be based on continuing employment (or other service relationship) andor achievement of pre-established performance goals and objectives. The terms and conditions of each such Award Certificate shall be determined by the Administrator, and such terms and conditions may differ among individual Awards and grantees. At the end of the deferral period, the Restricted Stock Units, to the extent vested, shall be settled in the form of shares of Stock. To the extent that an award of Restricted Stock Units is subject to Section 409A, it may contain such additional terms and conditions as the Administrator shall determine in its sole discretion in order for such Award to comply with the requirements of Section 409A. (b) Election to Receive Restricted Stock Units in Lieu of Compensation . The Administrator may, in its sole discretion, permit a grantee to elect to receive a portion of future cash compensation otherwise due to such grantee in the form of an award of Restricted Stock Units. Any such election shall be made in writing and shall be delivered to the Company no later than the date specified by the Administrator and in accordance with Section 409A and such other rules and procedures established by the Administrator. Any such future cash compensation that the grantee elects to defer shall be converted to a fixed number of Restricted Stock Units based on the Fair Market Value of Stock on the date the compensation would otherwise have been paid to the grantee if such payment had not been deferred as provided herein. The Administrator shall have the sole right to determine whether and under what circumstances to permit such elections and to impose such limitations and other terms and conditions thereon as the Administrator deems appropriate. Any Restricted Stock Units that are elected to be received in lieu of cash compensation shall be fully vested, unless otherwise provided in the Award Certificate. (c) Rights as a Stockholder . A grantee shall have the rights as a stockholder only as to shares of Stock acquired by the grantee upon settlement of Restricted Stock Units provided, however, that the grantee may be credited with dividend equivalent rights with respect to the phantom stock units underlying his Restricted Stock Units, subject to such terms and conditions as the Administrator may determine. (d) Termination . Except as may otherwise be provided by the Administrator either in the Award Certificate or, subject to Section 18 below, in writing after the Award is issued, a grantee146s right in all Restricted Stock Units that have not vested shall automatically terminate upon the grantee146s termination of employment (or cessation of service relationship) with the Company and its Subsidiaries for any reason. SECTION 9. UNRESTRICTED STOCK AWARDS Grant or Sale of Unrestricted Stock . The Administrator may, in its sole discretion, grant (or sell at par value or such higher purchase price determined by the Administrator) an Unrestricted Stock Award under the Plan. Unrestricted Stock Awards may be granted in respect of past services or other valid consideration, or in lieu of cash compensation due to such grantee. SECTION 10. CASH-BASED AWARDS Grant of Cash-Based Awards . The Administrator may, in its sole discretion, grant Cash-Based Awards to any grantee in such number or amount and upon such terms, and subject to such conditions, as the Administrator shall determine at the time of grant. The Administrator shall determine the maximum duration of the Cash-Based Award, the amount of cash to which the Cash-Based Award pertains, the conditions upon which the Cash-Based Award shall become vested or payable, and such other provisions as the Administrator shall determine. Each Cash-Based Award shall specify a cash-denominated payment amount, formula or payment ranges as determined by the Administrator. Payment, if any, with respect to a Cash-Based Award shall be made in accordance with the terms of the Award and may be made in cash or in shares of Stock, as the Administrator determines. SECTION 11. PERFORMANCE SHARE AWARDS (a) Nature of Performance Share Awards . The Administrator may, in its sole discretion, grant Performance Share Awards independent of, or in connection with, the granting of any other Award under the Plan. The Administrator shall determine whether and to whom Performance Share Awards shall be granted, the Performance Goals, the periods during which performance is to be measured, and such other limitations and conditions as the Administrator shall determine. (b) Rights as a Stockholder . A grantee receiving a Performance Share Award shall have the rights of a stockholder only as to shares actually received by the grantee under the Plan and not with respect to shares subject to the Award but not actually received by the grantee. A grantee shall be entitled to receive shares of Stock under a Performance Share Award only upon satisfaction of all conditions specified in the Performance Share Award Certificate (or in a performance plan adopted by the Administrator). (c) Termination . Except as may otherwise be provided by the Administrator either in the Award agreement or, subject to Section 18 below, in writing after the Award is issued, a grantee146s rights in all Performance Share Awards shall automatically terminate upon the grantee146s termination of employment (or cessation of service relationship) with the Company and its Subsidiaries for any reason. SECTION 12. PERFORMANCE-BASED AWARDS TO COVERED EMPLOYEES (a) Performance-Based Awards . Any employee or other key person providing services to the Company and who is selected by the Administrator may be granted one or more Performance-Based Awards in the form of a Restricted Stock Award, Restricted Stock Units, Performance Share Awards or Cash-Based Award payable upon the attainment of Performance Goals that are established by the Administrator and relate to one or more of the Performance Criteria, in each case on a specified date or dates or over any period or periods determined by the Administrator. The Administrator shall define in an objective fashion the manner of calculating the Performance Criteria it selects to use for any Performance Cycle. Depending on the Performance Criteria used to establish such Performance Goals, the Performance Goals may be expressed in terms of overall Company performance or the performance of a division, business unit, or an individual. The Administrator, in its discretion, may adjust or modify the calculation of Performance Goals for such Performance Cycle in order to prevent the dilution or enlargement of the rights of an individual (i) in the event of, or in anticipation of, any unusual or extraordinary corporate item, transaction, event or development, (ii) in recognition of, or in anticipation of, any other unusual or nonrecurring events affecting the Company, or the financial statements of the Company, or (iii) in response to, or in anticipation of, changes in applicable laws, regulations, accounting principles, or business conditions provided however, that the Administrator may not exercise such discretion in a manner that would increase the Performance-Based Award granted to a Covered Employee. Each Performance-Based Award shall comply with the provisions set forth below. (b) Grant of Performance-Based Awards . With respect to each Performance-Based Award granted to a Covered Employee, the Administrator shall select, within the first 90 days of a Performance Cycle (or, if shorter, within the maximum period allowed under Section 162(m) of the Code) the Performance Criteria for such grant, and the Performance Goals with respect to each Performance Criterion (including a threshold level of performance below which no amount will become payable with respect to such Award). Each Performance-Based Award will specify the amount payable, or the formula for determining the amount payable, upon achievement of the various applicable performance targets. The Performance Criteria established by the Administrator may be (but need not be) different for each Performance Cycle and different Performance Goals may be applicable to Performance-Based Awards to different Covered Employees. (c) Payment of Performance-Based Awards . Following the completion of a Performance Cycle, the Administrator shall meet to review and certify in writing whether, and to what extent, the Performance Goals for the Performance Cycle have been achieved and, if so, to also calculate and certify in writing the amount of the Performance-Based Awards earned for the Performance Cycle. The Administrator shall then determine the actual size of each Covered Employee146s Performance-Based Award, and, in doing so, may reduce or eliminate the amount of the Performance-Based Award for a Covered Employee if, in its sole judgment, such reduction or elimination is appropriate. (d) Maximum Award Payable . The maximum Performance-Based Award payable to any one Covered Employee under the Plan for a Performance Cycle is 1,500,000 shares of Stock (subject to adjustment as provided in Section 3(b) hereof) or 2,000,000 in the case of a Performance-Based Award that is a Cash-Based Award. SECTION 13. RESERVED SECTION 14. TRANSFERABILITY OF AWARDS (a) Transferability . Except as provided in Section 14(b) below, during a grantee146s lifetime, his or her Awards shall be exercisable only by the grantee, or by the grantee146s legal representative or guardian in the event of the grantee146s incapacity. No Awards shall be sold, assigned, transferred or otherwise encumbered or disposed of by a grantee other than by will or by the laws of descent and distribution or pursuant to a domestic relations order. No Awards shall be subject, in whole or in part, to attachment, execution, or levy of any kind, and any purported transfer in violation hereof shall be null and void. (b) Administrator Action . Notwithstanding Section 14(a), the Administrator, in its discretion, may provide either in the Award Certificate regarding a given Award or by subsequent written approval that the grantee (who is an employee or director) may transfer his or her Non-Qualified Options to his or her immediate family members, to trusts for the benefit of such family members, or to partnerships in which such family members are the only partners, provided that the transferee agrees in writing with the Company to be bound by all of the terms and conditions of this Plan and the applicable Award. In no event may an Award be transferred by a grantee for value. (c) Family Member . For purposes of Section 14(b), 147family member148 shall mean a grantee146s child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, any person sharing the grantee146s household (other than a tenant of the grantee), a trust in which these persons (or the grantee) have more than 50 percent of the beneficial interest, a foundation in which these persons (or the grantee) control the management of assets, and any other entity in which these persons (or the grantee) own more than 50 percent of the voting interests. (d) Designation of Beneficiary . Each grantee to whom an Award has been made under the Plan may designate a beneficiary or beneficiaries to exercise any Award or receive any payment under any Award payable on or after the grantee146s death. Any such designation shall be on a form provided for that purpose by the Administrator and shall not be effective until received by the Administrator. If no beneficiary has been designated by a deceased grantee, or if the designated beneficiaries have predeceased the grantee, the beneficiary shall be the grantee146s estate. SECTION 15. TAX WITHHOLDING (a) Payment by Grantee . Each grantee shall, no later than the date as of which the value of an Award or of any Stock or other amounts received thereunder first becomes includable in the gross income of the grantee for Federal income tax purposes, pay to the Company, or make arrangements satisfactory to the Administrator regarding payment of, any Federal, state, or local taxes of any kind required by law to be withheld by the Company with respect to such income. The Company and its Subsidiaries shall, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to the grantee. The Company146s obligation to deliver evidence of book entry (or stock certificates) to any grantee is subject to and conditioned on tax withholding obligations being satisfied by the grantee. (b) Payment in Stock . Subject to approval by the Administrator, a grantee may elect to have the Company146s minimum required tax withholding obligation satisfied, in whole or in part, by authorizing the Company to withhold from shares of Stock to be issued pursuant to any Award a number of shares with an aggregate Fair Market Value (as of the date the withholding is effected) that would satisfy the withholding amount due. SECTION 16. SECTION 409A AWARDS To the extent that any Award is determined to constitute 147nonqualified deferred compensation148 within the meaning of Section 409A (a 147409A Award148), the Award shall be subject to such additional rules and requirements as specified by the Administrator from time to time in order to comply with Section 409A. In this regard, if any amount under a 409A Award is payable upon a 147separation from service148 (within the meaning of Section 409A) to a grantee who is then considered a 147specified employee148 (within the meaning of Section 409A), then no such payment shall be made prior to the date that is the earlier of (i) six months and one day after the grantee146s separation from service, or (ii) the grantee146s death, but only to the extent such delay is necessary to prevent such payment from being subject to interest, penalties andor additional tax imposed pursuant to Section 409A. Further, the settlement of any such Award may not be accelerated except to the extent permitted by Section 409A. SECTION 17. TRANSFER, LEAVE OF ABSENCE, ETC. For purposes of the Plan, the following events shall not be deemed a termination of employment: (a) a transfer to the employment of the Company from a Subsidiary or from the Company to a Subsidiary, or from one Subsidiary to another or (b) an approved leave of absence for military service or sickness, or for any other purpose approved by the Company, if the employee146s right to re-employment is guaranteed either by a statute or by contract or under the policy pursuant to which the leave of absence was granted or if the Administrator otherwise so provides in writing. SECTION 18. AMENDMENTS AND TERMINATION The Board may, at any time, amend or discontinue the Plan and the Administrator may, at any time, amend or cancel any outstanding Award for the purpose of satisfying changes in law or for any other lawful purpose, but no such action shall adversely affect rights under any outstanding Award without the holder146s consent. The Administrator is specifically authorized to exercise its discretion to reduce the exercise price of outstanding Stock Options or Stock Appreciation Rights or effect the repricing of such Awards through cancellation and re-grants. To the extent required under the rules of any securities exchange or market system on which the Stock is listed or to the extent determined by the Administrator to be required by the Code to ensure that Incentive Stock Options granted under the Plan are qualified under Section 422 of the Code, Plan amendments shall be subject to approval by the Company stockholders entitled to vote at a meeting of stockholders. Nothing in this Section 18 shall limit the Administrator146s authority to take any action permitted pursuant to Section 3(b) or 3(c). SECTION 19. STATUS OF PLAN With respect to the portion of any Award that has not been exercised and any payments in cash, Stock or other consideration not received by a grantee, a grantee shall have no rights greater than those of a general creditor of the Company unless the Administrator shall otherwise expressly determine in connection with any Award or Awards. In its sole discretion, the Administrator may authorize the creation of trusts or other arrangements to meet the Company146s obligations to deliver Stock or make payments with respect to Awards hereunder, provided that the existence of such trusts or other arrangements is consistent with the foregoing sentence. SECTION 20. GENERAL PROVISIONS (a) No Distribution . The Administrator may require each person acquiring Stock pursuant to an Award to represent to and agree with the Company in writing that such person is acquiring the shares without a view to distribution thereof. (b) Delivery of Stock Certificates . Stock certificates to grantees under this Plan shall be deemed delivered for all purposes when the Company or a stock transfer agent of the Company shall have mailed such certificates in the United States mail, addressed to the grantee, at the grantee146s last known address on file with the Company. Uncertificated Stock shall be deemed delivered for all purposes when the Company or a Stock transfer agent of the Company shall have given to the grantee by electronic mail (with proof of receipt) or by United States mail, addressed to the grantee, at the grantee146s last known address on file with the Company, notice of issuance and recorded the issuance in its records (which may include electronic 147book entry148 records). Notwithstanding anything herein to the contrary, the Company shall not be required to issue or deliver any certificates evidencing shares of Stock pursuant to the exercise of any Award, unless and until the Administrator has determined, with advice of counsel (to the extent the Administrator deems such advice necessary or advisable), that the issuance and delivery of such certificates is in compliance with all applicable laws, regulations of governmental authorities and, if applicable, the requirements of any exchange on which the shares of Stock are listed, quoted or traded. All Stock certificates delivered pursuant to the Plan shall be subject to any stop-transfer orders and other restrictions as the Administrator deems necessary or advisable to comply with federal, state or foreign jurisdiction, securities or other laws, rules and quotation system on which the Stock is listed, quoted or traded. The Administrator may place legends on any Stock certificate to reference restrictions applicable to the Stock. In addition to the terms and conditions provided herein, the Administrator may require that an individual make such reasonable covenants, agreements, and representations as the Administrator, in its discretion, deems necessary or advisable in order to comply with any such laws, regulations, or requirements. The Administrator shall have the right to require any individual to comply with any timing or other restrictions with respect to the settlement or exercise of any Award, including a window-period limitation, as may be imposed in the discretion of the Administrator. (c) Stockholder Rights . Until Stock is deemed delivered in accordance with Section 20(b), no right to vote or receive dividends or any other rights of a stockholder will exist with respect to shares of Stock to be issued in connection with an Award, notwithstanding the exercise of a Stock Option or any other action by the grantee with respect to an Award. (d) Other Compensation Arrangements No Employment Rights . Nothing contained in this Plan shall prevent the Board from adopting other or additional compensation arrangements, including trusts, and such arrangements may be either generally applicable or applicable only in specific cases. The adoption of this Plan and the grant of Awards do not confer upon any employee any right to continued employment with the Company or any Subsidiary. (e) Trading Policy Restrictions . Option exercises and other Awards under the Plan shall be subject to the Company146s insider trading policies and procedures, as in effect from time to time. (f) Forfeiture of Awards under Sarbanes-Oxley Act . If the Company is required to prepare an accounting restatement due to the material noncompliance of the Company, as a result of misconduct, with any financial reporting requirement under the securities laws, then any grantee who is one of the individuals subject to automatic forfeiture under Section 304 of the Sarbanes-Oxley Act of 2002 shall reimburse the Company for the amount of any Award received by such individual under the Plan during the 12-month period following the first public issuance or filing with the United States Securities and Exchange Commission, as the case may be, of the financial document embodying such financial reporting requirement. SECTION 21. EFFECTIVE DATE OF PLAN This Plan shall become effective upon stockholder approval in accordance with applicable state law, the Company146s bylaws and articles of incorporation, and applicable stock exchange rules or pursuant to written consent. No grants of Stock Options and other Awards may be made hereunder after the tenth anniversary of the Effective Date and no grants of Incentive Stock Options may be made hereunder after the tenth anniversary of the date the Plan is approved by the Board. SECTION 22. GOVERNING LAW This Plan and all Awards and actions taken thereunder shall be governed by, and construed in accordance with, the laws of the State of California, applied without regard to conflict of law principles. DATE APPROVED BY BOARD OF DIRECTORS: December 7, 2012 DATE APPROVED BY STOCKHOLDERS: December 10, 2012 INCENTIVE STOCK OPTION AGREEMENT UNDER THE XOOM CORPORATION Pursuant to the Xoom Corporation 2012 Stock Option and Incentive Plan as amended through the date hereof (the 147Plan148), Xoom Corporation (the 147Company148) hereby grants to the Optionee named above an option (the 147Stock Option148) to purchase on or prior to the Expiration Date specified above all or part of the number of shares of Common Stock, par value 0.0001 per share (the 147Stock148), of the Company specified above at the Option Exercise Price per Share specified above subject to the terms and conditions set forth herein and in the Plan. 1. Exercisability Schedule . No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 1 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated so long as the Optionee remains an employee of the Company or a Subsidiary on such dates: Incremental Number of Option Shares Exercisable Max. of 100,000 per yr. Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan. 2. Manner of Exercise . (a) The Optionee may exercise this Stock Option only in the following manner: from time to time on or prior to the Expiration Date of this Stock Option, the Optionee may give written or electronic notice to the Administrator of his or her election to purchase some or all of the Option Shares purchasable at the time of such notice. This notice shall specify the number of Option Shares to be purchased. Payment of the purchase price for the Option Shares may be made by one or more of the following methods: (i) in cash, by certified or bank check or other instrument acceptable to the Administrator (ii) through the delivery (or attestation to the ownership) of shares of Stock that have been purchased by the Optionee on the open market or that are beneficially owned by the Optionee and are not then subject to any restrictions under any Company plan and that otherwise satisfy any holding periods as may be required by the Administrator (iii) by the Optionee delivering to the Company a properly executed exercise notice together with irrevocable instructions to a broker to promptly deliver to the Company cash or a check payable and acceptable to the Company for the purchase price, provided that in the event the Optionee chooses to pay the purchase price as so provided, the Optionee and the broker shall comply with such procedures and enter into such agreements of indemnity and other agreements as the Administrator shall prescribe as a condition of such payment procedure or (iv) a combination of (i), (ii) and (iii) above. Payment instruments will be received subject to collection. The transfer to the Optionee on the records of the Company or of the transfer agent of the Option Shares will be contingent upon (i) the Company146s receipt from the Optionee of the full purchase price for the Option Shares, as set forth above, (ii) the fulfillment of any other requirements contained herein or in the Plan or in any other agreement or provision of laws, and (iii) the receipt by the Company of any agreement, statement or other evidence that the Company may require to satisfy itself that the issuance of Stock to be purchased pursuant to the exercise of Stock Options under the Plan and any subsequent resale of the shares of Stock will be in compliance with applicable laws and regulations. In the event the Optionee chooses to pay the purchase price by previously-owned shares of Stock through the attestation method, the number of shares of Stock transferred to the Optionee upon the exercise of the Stock Option shall be net of the Shares attested to. (b) The shares of Stock purchased upon exercise of this Stock Option shall be transferred to the Optionee on the records of the Company or of the transfer agent upon compliance to the satisfaction of the Administrator with all requirements under applicable laws or regulations in connection with such transfer and with the requirements hereof and of the Plan. The determination of the Administrator as to such compliance shall be final and binding on the Optionee. The Optionee shall not be deemed to be the holder of, or to have any of the rights of a holder with respect to, any shares of Stock subject to this Stock Option unless and until this Stock Option shall have been exercised pursuant to the terms hereof, the Company or the transfer agent shall have transferred the shares to the Optionee, and the Optionee146s name shall have been entered as the stockholder of record on the books of the Company. Thereupon, the Optionee shall have full voting, dividend and other ownership rights with respect to such shares of Stock. (c) The minimum number of shares with respect to which this Stock Option may be exercised at any one time shall be 100 shares, unless the number of shares with respect to which this Stock Option is being exercised is the total number of shares subject to exercise under this Stock Option at the time. (d) Notwithstanding any other provision hereof or of the Plan, no portion of this Stock Option shall be exercisable after the Expiration Date hereof. 3. Termination of Employment . If the Optionee146s employment by the Company or a Subsidiary (as defined in the Plan) is terminated, the period within which to exercise the Stock Option may be subject to earlier termination as set forth below. (a) Termination Due to Death . If the Optionee146s employment terminates by reason of the Optionee146s death, any portion of this Stock Option outstanding on such date, to the extent exercisable on the date of death, may thereafter be exercised by the Optionee146s legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of death shall terminate immediately and be of no further force or effect. (b) Termination Due to Disability . If the Optionee146s employment terminates by reason of the Optionee146s disability (as determined by the Administrator), any portion of this Stock Option outstanding on such date, to the extent exercisable on the date of such disability, may thereafter be exercised by the Optionee for a period of 12 months from the date of disability or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of disability shall terminate immediately and be of no further force or effect. (c) Termination for Cause . If the Optionee146s employment terminates for Cause, any portion of this Stock Option outstanding on such date shall terminate immediately and be of no further force and effect. For purposes hereof, 147Cause148 shall mean, unless otherwise provided in an employment agreement between the Company and the Optionee, a determination by the Administrator that the Optionee shall be dismissed as a result of (i) any material breach by the Optionee of any agreement between the Optionee and the Company (ii) the conviction of, indictment for or plea of nolo contendere by the Optionee to a felony or a crime involving moral turpitude or (iii) any material misconduct or willful and deliberate non-performance (other than by reason of disability) by the Optionee of the Optionee146s duties to the Company. (d) Other Termination . If the Optionee146s employment terminates for any reason other than the Optionee146s death, the Optionee146s disability, or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator146s determination of the reason for termination of the Optionee146s employment shall be conclusive and binding on the Optionee and his or her representatives or legatees. 4. Incorporation of Plan . Notwithstanding anything herein to the contrary, this Stock Option shall be subject to and governed by all the terms and conditions of the Plan, including the powers of the Administrator set forth in Section 2(b) of the Plan. Capitalized terms in this Agreement shall have the meaning specified in the Plan, unless a different meaning is specified herein. 5. Transferability . This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee146s lifetime, only by the Optionee, and thereafter, only by the Optionee146s legal representative or legatee. 6. Status of the Stock Option . This Stock Option is intended to qualify as an 147incentive stock option148 under Section 422 of the Internal Revenue Code of 1986, as amended (the 147Code148), but the Company does not represent or warrant that this Stock Option qualifies as such. The Optionee should consult with his or her own tax advisors regarding the tax effects of this Stock Option and the requirements necessary to obtain favorable income tax treatment under Section 422 of the Code, including, but not limited to, holding period requirements. To the extent any portion of this Stock Option does not so qualify as an 147incentive stock option,148 such portion shall be deemed to be a non-qualified stock option. If the Optionee intends to dispose or does dispose (whether by sale, gift, transfer or otherwise) of any Option Shares within the one-year period beginning on the date after the transfer of such shares to him or her, or within the two-year period beginning on the day after the grant of this Stock Option, he or she will so notify the Company within 30 days after such disposition. 7. Tax Withholding . The Optionee shall, not later than the date as of which the exercise of this Stock Option becomes a taxable event for Federal income tax purposes, pay to the Company or make arrangements satisfactory to the Administrator for payment of any Federal, state, and local taxes required by law to be withheld on account of such taxable event. The Company shall have the authority to cause the minimum required tax withholding obligation to be satisfied, in whole or in part, by withholding from shares of Stock to be issued to the Optionee a number of shares of Stock with an aggregate Fair Market Value that would satisfy the minimum withholding amount due. 8. No Obligation to Continue Employment . Neither the Company nor any Subsidiary is obligated by or as a result of the Plan or this Agreement to continue the Optionee in employment and neither the Plan nor this Agreement shall interfere in any way with the right of the Company or any Subsidiary to terminate the employment of the Optionee at any time. 9. Integration . This Agreement constitutes the entire agreement between the parties with respect to this Stock Option and supersedes all prior agreements and discussions between the parties concerning such subject matter. 10. Data Privacy Consent . In order to administer the Plan and this Agreement and to implement or structure future equity grants, the Company, its subsidiaries and affiliates and certain agents thereof (together, the 147Relevant Companies148) may process any and all personal or professional data, including but not limited to Social Security or other identification number, home address and telephone number, date of birth and other information that is necessary or desirable for the administration of the Plan andor this Agreement (the 147Relevant Information148). By entering into this Agreement, the Optionee (i) authorizes the Company to collect, process, register and transfer to the Relevant Companies all Relevant Information (ii) waives any privacy rights the Optionee may have with respect to the Relevant Information (iii) authorizes the Relevant Companies to store and transmit such information in electronic form and (iv) authorizes the transfer of the Relevant Information to any jurisdiction in which the Relevant Companies consider appropriate. The Optionee shall have access to, and the right to change, the Relevant Information. Relevant Information will only be used in accordance with applicable law. 11. Notices . Notices hereunder shall be mailed or delivered to the Company at its principal place of business and shall be mailed or delivered to the Optionee at the address on file with the Company or, in either case, at such other address as one party may subsequently furnish to the other party in writing. Pursuant to the Xoom Corporation 2012 Stock Option and Incentive Plan as amended through the date hereof (the 147Plan148), Xoom Corporation (the 147Company148) hereby grants to the Optionee named above an option (the 147Stock Option148) to purchase on or prior to the Expiration Date specified above all or part of the number of shares of Common Stock, par value 0.0001 per share (the 147Stock148) of the Company specified above at the Option Exercise Price per Share specified above subject to the terms and conditions set forth herein and in the Plan. This Stock Option is not intended to be an 147incentive stock option148 under Section 422 of the Internal Revenue Code of 1986, as amended. 1. Exercisability Schedule . No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 1 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated so long as Optionee remains an employee of the Company or a Subsidiary on such dates: of Option Shares Exercisable Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan. 2. Manner of Exercise . (a) The Optionee may exercise this Stock Option only in the following manner: from time to time on or prior to the Expiration Date of this Stock Option, the Optionee may give written or electronic notice to the Administrator of his or her election to purchase some or all of the Option Shares purchasable at the time of such notice. This notice shall specify the number of Option Shares to be purchased. Payment of the purchase price for the Option Shares may be made by one or more of the following methods: (i) in cash, by certified or bank check or other instrument acceptable to the Administrator (ii) through the delivery (or attestation to the ownership) of shares of Stock that have been purchased by the Optionee on the open market or that are beneficially owned by the Optionee and are not then subject to any restrictions under any Company plan and that otherwise satisfy any holding period as may be required by the Administrator (iii) by the Optionee delivering to the Company a properly executed exercise notice together with irrevocable instructions to a broker to promptly deliver to the Company cash or a check payable and acceptable to the Company for the purchase price, provided that in the event the Optionee chooses to pay the purchase price as so provided, the Optionee and the broker shall comply with such procedures and enter into such agreements of indemnity and other agreements as the Administrator shall prescribe as a condition of such payment procedure (iv) by a 147net exercise148 arrangement pursuant to which the Company will reduce the number of shares of Stock issuable upon exercise by the largest whole number of shares with a Fair Market Value that does not exceed the aggregate exercise price or (v) a combination of (i), (ii), (iii) and (iv) above. Payment instruments will be received subject to collection. The transfer to the Optionee on the records of the Company or of the transfer agent of the Option Shares will be contingent upon (i) the Company146s receipt from the Optionee of the full purchase price for the Option Shares, as set forth above, (ii) the fulfillment of any other requirements contained herein or in the Plan or in any other agreement or provision of laws, and (iii) the receipt by the Company of any agreement, statement or other evidence that the Company may require to satisfy itself that the issuance of Stock to be purchased pursuant to the exercise of Stock Options under the Plan and any subsequent resale of the shares of Stock will be in compliance with applicable laws and regulations. In the event the Optionee chooses to pay the purchase price by previously-owned shares of Stock through the attestation method, the number of shares of Stock transferred to the Optionee upon the exercise of the Stock Option shall be net of the Shares attested to. (b) The shares of Stock purchased upon exercise of this Stock Option shall be transferred to the Optionee on the records of the Company or of the transfer agent upon compliance to the satisfaction of the Administrator with all requirements under applicable laws or regulations in connection with such transfer and with the requirements hereof and of the Plan. The determination of the Administrator as to such compliance shall be final and binding on the Optionee. The Optionee shall not be deemed to be the holder of, or to have any of the rights of a holder with respect to, any shares of Stock subject to this Stock Option unless and until this Stock Option shall have been exercised pursuant to the terms hereof, the Company or the transfer agent shall have transferred the shares to the Optionee, and the Optionee146s name shall have been entered as the stockholder of record on the books of the Company. Thereupon, the Optionee shall have full voting, dividend and other ownership rights with respect to such shares of Stock. (c) The minimum number of shares with respect to which this Stock Option may be exercised at any one time shall be 100 shares, unless the number of shares with respect to which this Stock Option is being exercised is the total number of shares subject to exercise under this Stock Option at the time. (d) Notwithstanding any other provision hereof or of the Plan, no portion of this Stock Option shall be exercisable after the Expiration Date hereof. 3. Termination of Employment . If the Optionee146s employment by the Company or a Subsidiary (as defined in the Plan) is terminated, the period within which to exercise the Stock Option may be subject to earlier termination as set forth below. (a) Termination Due to Death . If the Optionee146s employment terminates by reason of the Optionee146s death, any portion of this Stock Option outstanding on such date, to the extent exercisable on the date of death, may thereafter be exercised by the Optionee146s legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of death shall terminate immediately and be of no further force or effect. (b) Termination Due to Disability . If the Optionee146s employment terminates by reason of the Optionee146s disability (as determined by the Administrator), any portion of this Stock Option outstanding on such date, to the extent exercisable on the date of such disability, may thereafter be exercised by the Optionee for a period of 12 months from the date of disability or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of disability shall terminate immediately and be of no further force or effect. (c) Termination for Cause . If the Optionee146s employment terminates for Cause, any portion of this Stock Option outstanding on such date shall terminate immediately and be of no further force and effect. For purposes hereof, 147Cause148 shall mean, unless otherwise provided in an employment agreement between the Company and the Optionee, a determination by the Administrator that the Optionee shall be dismissed as a result of (i) any material breach by the Optionee of any agreement between the Optionee and the Company (ii) the conviction of, indictment for or plea of nolo contendere by the Optionee to a felony or a crime involving moral turpitude or (iii) any material misconduct or willful and deliberate non-performance (other than by reason of disability) by the Optionee of the Optionee146s duties to the Company. (d) Other Termination . If the Optionee146s employment terminates for any reason other than the Optionee146s death, the Optionee146s disability or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator146s determination of the reason for termination of the Optionee146s employment shall be conclusive and binding on the Optionee and his or her representatives or legatees. 4. Incorporation of Plan . Notwithstanding anything herein to the contrary, this Stock Option shall be subject to and governed by all the terms and conditions of the Plan, including the powers of the Administrator set forth in Section 2(b) of the Plan. Capitalized terms in this Agreement shall have the meaning specified in the Plan, unless a different meaning is specified herein. 5. Transferability . This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee146s lifetime, only by the Optionee, and thereafter, only by the Optionee146s legal representative or legatee. 6. Tax Withholding . The Optionee shall, not later than the date as of which the exercise of this Stock Option becomes a taxable event for Federal income tax purposes, pay to the Company or make arrangements satisfactory to the Administrator for payment of any Federal, state, and local taxes required by law to be withheld on account of such taxable event. The Company shall have the authority to cause the minimum required tax withholding obligation to be satisfied, in whole or in part, by withholding from shares of Stock to be issued to the Optionee a number of shares of Stock with an aggregate Fair Market Value that would satisfy the minimum withholding amount due. 7. No Obligation to Continue Employment . Neither the Company nor any Subsidiary is obligated by or as a result of the Plan or this Agreement to continue the Optionee in employment and neither the Plan nor this Agreement shall interfere in any way with the right of the Company or any Subsidiary to terminate the employment of the Optionee at any time. 8. Integration . This Agreement constitutes the entire agreement between the parties with respect to this Stock Option and supersedes all prior agreements and discussions between the parties concerning such subject matter. 9. Data Privacy Consent . In order to administer the Plan and this Agreement and to implement or structure future equity grants, the Company, its subsidiaries and affiliates and certain agents thereof (together, the 147Relevant Companies148) may process any and all personal or professional data, including but not limited to Social Security or other identification number, home address and telephone number, date of birth and other information that is necessary or desirable for the administration of the Plan andor this Agreement (the 147Relevant Information148). By entering into this Agreement, the Optionee (i) authorizes the Company to collect, process, register and transfer to the Relevant Companies all Relevant Information (ii) waives any privacy rights the Optionee may have with respect to the Relevant Information (iii) authorizes the Relevant Companies to store and transmit such information in electronic form and (iv) authorizes the transfer of the Relevant Information to any jurisdiction in which the Relevant Companies consider appropriate. The Optionee shall have access to, and the right to change, the Relevant Information. Relevant Information will only be used in accordance with applicable law. 10. Notices . Notices hereunder shall be mailed or delivered to the Company at its principal place of business and shall be mailed or delivered to the Optionee at the address on file with the Company or, in either case, at such other address as one party may subsequently furnish to the other party in writing. Pursuant to the Xoom Corporation 2012 Stock Option and Incentive Plan as amended through the date hereof (the 147Plan148), Xoom Corporation (the 147Company148) hereby grants to the Optionee named above, who is a Director of the Company but is not an employee of the Company, an option (the 147Stock Option148) to purchase on or prior to the Expiration Date specified above all or part of the number of shares of Common Stock, par value 0.0001 per share (the 147Stock148), of the Company specified above at the Option Exercise Price per Share specified above subject to the terms and conditions set forth herein and in the Plan. This Stock Option is not intended to be an 147incentive stock option148 under Section 422 of the Internal Revenue Code of 1986, as amended. 1. Exercisability Schedule . No portion of this Stock Option may be exercised until such portion shall have become exercisable. Except as set forth below, and subject to the discretion of the Administrator (as defined in Section 1 of the Plan) to accelerate the exercisability schedule hereunder, this Stock Option shall be exercisable with respect to the following number of Option Shares on the dates indicated so long as the Optionee remains in service as a member of the Board on such dates: Incremental Number of Option Shares Exercisable Once exercisable, this Stock Option shall continue to be exercisable at any time or times prior to the close of business on the Expiration Date, subject to the provisions hereof and of the Plan. 2. Manner of Exercise . (a) The Optionee may exercise this Stock Option only in the following manner: from time to time on or prior to the Expiration Date of this Stock Option, the Optionee may give written or electronic notice to the Administrator of his or her election to purchase some or all of the Option Shares purchasable at the time of such notice. This notice shall specify the number of Option Shares to be purchased. Payment of the purchase price for the Option Shares may be made by one or more of the following methods: (i) in cash, by certified or bank check or other instrument acceptable to the Administrator (ii) through the delivery (or attestation to the ownership) of shares of Stock that have been purchased by the Optionee on the open market or that are beneficially owned by the Optionee and are not then subject to any restrictions under any Company plan and that otherwise satisfy any holding period as may be required by the Administrator (iii) by the Optionee delivering to the Company a properly executed exercise notice together with irrevocable instructions to a broker to promptly deliver to the Company cash or a check payable and acceptable to the Company for the purchase price, provided that in the event the Optionee chooses to pay the purchase price as so provided, the Optionee and the broker shall comply with such procedures and enter into such agreements of indemnity and other agreements as the Administrator shall prescribe as a condition of such payment procedure (iv) by a 147net exercise148 arrangement pursuant to which the Company will reduce the number of shares of Stock issuable upon exercise by the largest whole number of shares with a Fair Market Value that does not exceed the aggregate exercise price or (v) a combination of (i), (ii), (iii) and (iv) above. Payment instruments will be received subject to collection. The transfer to the Optionee on the records of the Company or of the transfer agent of the Option Shares will be contingent upon (i) the Company146s receipt from the Optionee of the full purchase price for the Option Shares, as set forth above, (ii) the fulfillment of any other requirements contained herein or in the Plan or in any other agreement or provision of laws, and (iii) the receipt by the Company of any agreement, statement or other evidence that the Company may require to satisfy itself that the issuance of Stock to be purchased pursuant to the exercise of Stock Options under the Plan and any subsequent resale of the shares of Stock will be in compliance with applicable laws and regulations. In the event the Optionee chooses to pay the purchase price by previously-owned shares of Stock through the attestation method, the number of shares of Stock transferred to the Optionee upon the exercise of the Stock Option shall be net of the Shares attested to. (b) The shares of Stock purchased upon exercise of this Stock Option shall be transferred to the Optionee on the records of the Company or of the transfer agent upon compliance to the satisfaction of the Administrator with all requirements under applicable laws or regulations in connection with such transfer and with the requirements hereof and of the Plan. The determination of the Administrator as to such compliance shall be final and binding on the Optionee. The Optionee shall not be deemed to be the holder of, or to have any of the rights of a holder with respect to, any shares of Stock subject to this Stock Option unless and until this Stock Option shall have been exercised pursuant to the terms hereof, the Company or the transfer agent shall have transferred the shares to the Optionee, and the Optionee146s name shall have been entered as the stockholder of record on the books of the Company. Thereupon, the Optionee shall have full voting, dividend and other ownership rights with respect to such shares of Stock. (c) The minimum number of shares with respect to which this Stock Option may be exercised at any one time shall be 100 shares, unless the number of shares with respect to which this Stock Option is being exercised is the total number of shares subject to exercise under this Stock Option at the time. (d) Notwithstanding any other provision hereof or of the Plan, no portion of this Stock Option shall be exercisable after the Expiration Date hereof. 3. Termination as Director . If the Optionee ceases to be a Director of the Company, the period within which to exercise the Stock Option may be subject to earlier termination as set forth below. (a) Termination Due to Death . If the Optionee146s service as a Director terminates by reason of the Optionee146s death, any portion of this Stock Option outstanding on such date, to the extent exercisable on the date of death, may thereafter be exercised by the Optionee146s legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of death shall terminate immediately and be of no further force or effect. (b) Other Termination . If the Optionee ceases to be a Director for any reason other than the Optionee146s death, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date the Optionee ceased to be a Director, for a period of three months from the date the Optionee ceased to be a Director or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date the Optionee ceases to be a Director shall terminate immediately and be of no further force or effect. 4. Incorporation of Plan . Notwithstanding anything herein to the contrary, this Stock Option shall be subject to and governed by all the terms and conditions of the Plan, including the powers of the Administrator set forth in Section 2(b) of the Plan. Capitalized terms in this Agreement shall have the meaning specified in the Plan, unless a different meaning is specified herein. 5. Transferability . This Agreement is personal to the Optionee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. This Stock Option is exercisable, during the Optionee146s lifetime, only by the Optionee, and thereafter, only by the Optionee146s legal representative or legatee. 6. No Obligation to Continue as a Director . Neither the Plan nor this Stock Option confers upon the Optionee any rights with respect to continuance as a Director. 7. Integration . This Agreement constitutes the entire agreement between the parties with respect to this Stock Option and supersedes all prior agreements and discussions between the parties concerning such subject matter. 8. Data Privacy Consent . In order to administer the Plan and this Agreement and to implement or structure future equity grants, the Company, its subsidiaries and affiliates and certain agents thereof (together, the 147Relevant Companies148) may process any and all personal or professional data, including but not limited to Social Security or other identification number, home address and telephone number, date of birth and other information that is necessary or desirable for the administration of the Plan andor this Agreement (the 147Relevant Information148). By entering into this Agreement, the Optionee (i) authorizes the Company to collect, process, register and transfer to the Relevant Companies all Relevant Information (ii) waives any privacy rights the Optionee may have with respect to the Relevant Information (iii) authorizes the Relevant Companies to store and transmit such information in electronic form and (iv) authorizes the transfer of the Relevant Information to any jurisdiction in which the Relevant Companies consider appropriate. The Optionee shall have access to, and the right to change, the Relevant Information. Relevant Information will only be used in accordance with applicable law. 9. Notices . Notices hereunder shall be mailed or delivered to the Company at its principal place of business and shall be mailed or delivered to the Optionee at the address on file with the Company or, in either case, at such other address as one party may subsequently furnish to the other party in writing. Pursuant to the Xoom Corporation 2012 Stock Option and Incentive Plan as amended through the date hereof (the 147Plan148), Xoom Corporation (the 147Company148) hereby grants an award of the number of Restricted Stock Units listed above (an 147Award148) to the Grantee named above. Each Restricted Stock Unit shall relate to one share of Common Stock, par value 0.0001 per share (the 147Stock148) of the Company. 1. Restrictions on Transfer of Award . This Award may not be sold, transferred, pledged, assigned or otherwise encumbered or disposed of by the Grantee, and any shares of Stock issuable with respect to the Award may not be sold, transferred, pledged, assigned or otherwise encumbered or disposed of until (i) the Restricted Stock Units have vested as provided in Paragraph 2 of this Agreement and (ii) shares of Stock have been issued to the Grantee in accordance with the terms of the Plan and this Agreement. 2. Vesting of Restricted Stock Units . The restrictions and conditions of Paragraph 1 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule so long as the Grantee remains an employee of the Company or a Subsidiary on such Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 1 shall lapse only with respect to the number of Restricted Stock Units specified as vested on such date. Incremental Number of Restricted Stock Units Vested The Administrator may at any time accelerate the vesting schedule specified in this Paragraph 2. 3. Termination of Employment . If the Grantee146s employment with the Company and its Subsidiaries terminates for any reason (including death or disability) prior to the satisfaction of the vesting conditions set forth in Paragraph 2 above, any Restricted Stock Units that have not vested as of such date shall automatically and without notice terminate and be forfeited, and neither the Grantee nor any of his or her successors, heirs, assigns, or personal representatives will thereafter have any further rights or interests in such unvested Restricted Stock Units. 4. Issuance of Shares of Stock . As soon as practicable following each Vesting Date (but in no event later than two and one-half months after the end of the year in which the Vesting Date occurs), the Company shall issue to the Grantee the number of shares of Stock equal to the aggregate number of Restricted Stock Units that have vested pursuant to Paragraph 2 of this Agreement on such date and the Grantee shall thereafter have all the rights of a stockholder of the Company with respect to such shares. 5. Incorporation of Plan . Notwithstanding anything herein to the contrary, this Agreement shall be subject to and governed by all the terms and conditions of the Plan, including the powers of the Administrator set forth in Section 2(b) of the Plan. Capitalized terms in this Agreement shall have the meaning specified in the Plan, unless a different meaning is specified herein. 6. Tax Withholding . The Grantee shall, not later than the date as of which the receipt of this Award becomes a taxable event for Federal income tax purposes, pay to the Company or make arrangements satisfactory to the Administrator for payment of any Federal, state, and local taxes required by law to be withheld on account of such taxable event. The Company shall have the authority to cause the required minimum tax withholding obligation to be satisfied, in whole or in part, by withholding from shares of Stock to be issued to the Grantee a number of shares of Stock with an aggregate Fair Market Value that would satisfy the withholding amount due. 7. Section 409A of the Code. This Agreement shall be interpreted in such a manner that all provisions relating to the settlement of the Award are exempt from the requirements of Section 409A of the Code as 147short-term deferrals148 as described in Section 409A of the Code. 8. No Obligation to Continue Employment . Neither the Company nor any Subsidiary is obligated by or as a result of the Plan or this Agreement to continue the Grantee in employment and neither the Plan nor this Agreement shall interfere in any way with the right of the Company or any Subsidiary to terminate the employment of the Grantee at any time. 9. Integration . This Agreement constitutes the entire agreement between the parties with respect to this Award and supersedes all prior agreements and discussions between the parties concerning such subject matter. 10. Data Privacy Consent . In order to administer the Plan and this Agreement and to implement or structure future equity grants, the Company, its subsidiaries and affiliates and certain agents thereof (together, the 147Relevant Companies148) may process any and all personal or professional data, including but not limited to Social Security or other identification number, home address and telephone number, date of birth and other information that is necessary or desirable for the administration of the Plan andor this Agreement (the 147Relevant Information148). By entering into this Agreement, the Grantee (i) authorizes the Company to collect, process, register and transfer to the Relevant Companies all Relevant Information (ii) waives any privacy rights the Grantee may have with respect to the Relevant Information (iii) authorizes the Relevant Companies to store and transmit such information in electronic form and (iv) authorizes the transfer of the Relevant Information to any jurisdiction in which the Relevant Companies consider appropriate. The Grantee shall have access to, and the right to change, the Relevant Information. Relevant Information will only be used in accordance with applicable law. 11. Notices . Notices hereunder shall be mailed or delivered to the Company at its principal place of business and shall be mailed or delivered to the Grantee at the address on file with the Company or, in either case, at such other address as one party may subsequently furnish to the other party in writing. Pursuant to the Xoom Corporation 2012 Stock Option and Incentive Plan as amended through the date hereof (the 147Plan148), Xoom Corporation (the 147Company148) hereby grants an award of the number of Restricted Stock Units listed above (an 147Award148) to the Grantee named above. Each Restricted Stock Unit shall relate to one share of Common Stock, par value 0.0001 per share (the 147Stock148) of the Company. 1. Restrictions on Transfer of Award . This Award may not be sold, transferred, pledged, assigned or otherwise encumbered or disposed of by the Grantee, and any shares of Stock issuable with respect to the Award may not be sold, transferred, pledged, assigned or otherwise encumbered or disposed of until (i) the Restricted Stock Units have vested as provided in Paragraph 2 of this Agreement and (ii) shares of Stock have been issued to the Grantee in accordance with the terms of the Plan and this Agreement. 2. Vesting of Restricted Stock Units . The restrictions and conditions of Paragraph 1 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule so long as the Grantee remains in service as a member of the Board on such Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 1 shall lapse only with respect to the number of Restricted Stock Units specified as vested on such date. Incremental Number of Restricted Stock Units Vested The Administrator may at any time accelerate the vesting schedule specified in this Paragraph 2. 3. Termination of Service . If the Grantee146s service with the Company and its Subsidiaries terminates for any reason (including death or disability) prior to the satisfaction of the vesting conditions set forth in Paragraph 2 above, any Restricted Stock Units that have not vested as of such date shall automatically and without notice terminate and be forfeited, and neither the Grantee nor any of his or her successors, heirs, assigns, or personal representatives will thereafter have any further rights or interests in such unvested Restricted Stock Units. 4. Issuance of Shares of Stock . As soon as practicable following each Vesting Date (but in no event later than two and one-half months after the end of the year in which the Vesting Date occurs), the Company shall issue to the Grantee the number of shares of Stock equal to the aggregate number of Restricted Stock Units that have vested pursuant to Paragraph 2 of this Agreement on such date and the Grantee shall thereafter have all the rights of a stockholder of the Company with respect to such shares. 5. Incorporation of Plan . Notwithstanding anything herein to the contrary, this Agreement shall be subject to and governed by all the terms and conditions of the Plan, including the powers of the Administrator set forth in Section 2(b) of the Plan. Capitalized terms in this Agreement shall have the meaning specified in the Plan, unless a different meaning is specified herein. 6. Section 409A of the Code. This Agreement shall be interpreted in such a manner that all provisions relating to the settlement of the Award are exempt from the requirements of Section 409A of the Code as 147short-term deferrals148 as described in Section 409A of the Code. 7. No Obligation to Continue as a Director . Neither the Plan nor this Award confers upon the Grantee any rights with respect to continuance as a Director. 8. Integration . This Agreement constitutes the entire agreement between the parties with respect to this Award and supersedes all prior agreements and discussions between the parties concerning such subject matter. 9. Data Privacy Consent . In order to administer the Plan and this Agreement and to implement or structure future equity grants, the Company, its subsidiaries and affiliates and certain agents thereof (together, the 147Relevant Companies148) may process any and all personal or professional data, including but not limited to Social Security or other identification number, home address and telephone number, date of birth and other information that is necessary or desirable for the administration of the Plan andor this Agreement (the 147Relevant Information148). By entering into this Agreement, the Grantee (i) authorizes the Company to collect, process, register and transfer to the Relevant Companies all Relevant Information (ii) waives any privacy rights the Grantee may have with respect to the Relevant Information (iii) authorizes the Relevant Companies to store and transmit such information in electronic form and (iv) authorizes the transfer of the Relevant Information to any jurisdiction in which the Relevant Companies consider appropriate. The Grantee shall have access to, and the right to change, the Relevant Information. Relevant Information will only be used in accordance with applicable law. 10. Notices . Notices hereunder shall be mailed or delivered to the Company at its principal place of business and shall be mailed or delivered to the Grantee at the address on file with the Company or, in either case, at such other address as one party may subsequently furnish to the other party in writing. Pursuant to the Xoom Corporation 2012 Stock Option and Incentive Plan (the 147Plan148) as amended through the date hereof, Xoom Corporation (the 147Company148) hereby grants a Restricted Stock Award (an 147Award148) to the Grantee named above. Upon acceptance of this Award, the Grantee shall receive the number of shares of Common Stock, par value 0.0001 per share (the 147Stock148) of the Company specified above, subject to the restrictions and conditions set forth herein and in the Plan. The Company acknowledges the receipt from the Grantee of consideration with respect to the par value of the Stock in the form of cash, past or future services rendered to the Company by the Grantee or such other form of consideration as is acceptable to the Administrator. 1. Award . The shares of Restricted Stock awarded hereunder shall be issued and held by the Company146s transfer agent in book entry form, and the Grantee146s name shall be entered as the stockholder of record on the books of the Company. Thereupon, the Grantee shall have all the rights of a stockholder with respect to such shares, including voting and dividend rights, subject, however, to the restrictions and conditions specified in Paragraph 2 below. The Grantee shall (i) sign and deliver to the Company a copy of this Award Agreement and (ii) deliver to the Company a stock power endorsed in blank. 2. Restrictions and Conditions . (a) Any book entries for the shares of Restricted Stock granted herein shall bear an appropriate legend, as determined by the Administrator in its sole discretion, to the effect that such shares are subject to restrictions as set forth herein and in the Plan. (b) Shares of Restricted Stock granted herein may not be sold, assigned, transferred, pledged or otherwise encumbered or disposed of by the Grantee prior to vesting. (c) If the Grantee146s employment with the Company and its Subsidiaries is voluntarily or involuntarily terminated for any reason (including death) prior to vesting of shares of Restricted Stock granted herein, all shares of Restricted Stock shall immediately and automatically be forfeited and returned to the Company. 3. Vesting of Restricted Stock . The restrictions and conditions in Paragraph 2 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule so long as the Grantee remains an employee of the Company or a Subsidiary on such Dates. If a series of Vesting Dates is specified, then the restrictions and conditions in Paragraph 2 shall lapse only with respect to the number of shares of Restricted Stock specified as vested on such date. Subsequent to such Vesting Date or Dates, the shares of Stock on which all restrictions and conditions have lapsed shall no longer be deemed Restricted Stock. The Administrator may at any time accelerate the vesting schedule specified in this Paragraph 3. 4. Dividends . Dividends on shares of Restricted Stock shall be paid currently to the Grantee. 5. Incorporation of Plan . Notwithstanding anything herein to the contrary, this Award shall be subject to and governed by all the terms and conditions of the Plan, including the powers of the Administrator set forth in Section 2(b) of the Plan. Capitalized terms in this Agreement shall have the meaning specified in the Plan, unless a different meaning is specified herein. 6. Transferability . This Agreement is personal to the Grantee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution. 7. Tax Withholding . The Grantee shall, not later than the date as of which the receipt of this Award becomes a taxable event for Federal income tax purposes, pay to the Company or make arrangements satisfactory to the Administrator for payment of any Federal, state, and local taxes required by law to be withheld on account of such taxable event. Except in the case where an election is made pursuant to Paragraph 8 below, the Company shall have the authority to cause the required minimum tax withholding obligation to be satisfied, in whole or in part, by withholding from shares of Stock to be issued or released by the transfer agent a number of shares of Stock with an aggregate Fair Market Value that would satisfy the minimum withholding amount due. 8. Election Under Section 83(b) . The Grantee and the Company hereby agree that the Grantee may, within 30 days following the Grant Date of this Award, file with the Internal Revenue Service and the Company an election under Section 83(b) of the Internal Revenue Code. In the event the Grantee makes such an election, he or she agrees to provide a copy of the election to the Company. The Grantee acknowledges that he or she is responsible for obtaining the advice of his or her tax advisors with regard to the Section 83(b) election and that he or she is relying solely on such advisors and not on any statements or representations of the Company or any of its agents with regard to such election. 9. No Obligation to Continue Employment . Neither the Company nor any Subsidiary is obligated by or as a result of the Plan or this Agreement to continue the Grantee in employment and neither the Plan nor this Agreement shall interfere in any way with the right of the Company or any Subsidiary to terminate the employment of the Grantee at any time. 10. Integration . This Agreement constitutes the entire agreement between the parties with respect to this Award and supersedes all prior agreements and discussions between the parties concerning such subject matter. 11. Data Privacy Consent . In order to administer the Plan and this Agreement and to implement or structure future equity grants, the Company, its subsidiaries and affiliates and certain agents thereof (together, the 147Relevant Companies148) may process any and all personal or professional data, including but not limited to Social Security or other identification number, home address and telephone number, date of birth and other information that is necessary or desirable for the administration of the Plan andor this Agreement (the 147Relevant Information148). By entering into this Agreement, the Grantee (i) authorizes the Company to collect, process, register and transfer to the Relevant Companies all Relevant Information (ii) waives any privacy rights the Grantee may have with respect to the Relevant Information (iii) authorizes the Relevant Companies to store and transmit such information in electronic form and (iv) authorizes the transfer of the Relevant Information to any jurisdiction in which the Relevant Companies consider appropriate. The Grantee shall have access to, and the right to change, the Relevant Information. Relevant Information will only be used in accordance with applicable law. 12. Notices . Notices hereunder shall be mailed or delivered to the Company at its principal place of business and shall be mailed or delivered to the Grantee at the address on file with the Company or, in either case, at such other address as one party may subsequently furnish to the other party in writing. Stock-options et actions gratuites. LF 2013 rforme leurs rgimes fiscaux et de scurit sociale Client Briefing 20 December 2012 Dans un objectif dharmonisation de limposition des diffrents revenus dits quotde nature salarialequot et dalignement de la fiscalit des revenus du capital sur celle des revenus du travail, la loi de finances pour 2013 (ci-aprs quot LF 2013 quot) prvoit limposition au barme progressif de limpt sur le revenu des plus-values dacquisition et de cession ralises par les bnficiaires de stock-options et dattributions gratuites dactions et la majoration du taux de la contribution salariale sur la plus-value dacquisition, augment encore davantage en cas de non-respect dune condition de conservation des actions par les bnficiaires. Contrairement lapplication rtroactive prvue dans la version initiale du projet de loi, le texte adopt par le Parlement le 20 dcembre 2012 prvoit que les rgimes fiscaux et de scurit sociale seront applicables aux stock-options et actions gratuites attribues compter du 28 septembre 2012. Vous trouverez ci-dessous une description des rgimes fiscaux et de scurit sociale applicables aux bnficiaires de stock-options et dattributions gratuites dactions tel quils rsultent de la LF 2013 adopte par le Parlement (texte pouvant encore faire lobjet dune invalidation par le Conseil Constitutionnel). Download File Stock-options et actions gratuites. LF 2013 rforme leurs rgimes fiscaux et de scurit sociale Anne Lemercier Britta Hardeck