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TDS INVESTOR (CAYMAN) L.P Fourth Amended and Restated 2006 Interest Plan

Equity Incentive Plan Agreement

TDS INVESTOR (CAYMAN) L.P 

Fourth Amended and Restated 2006 Interest Plan | Document Parties: TRAVELPORT LTD | TDS INVESTOR (CAYMAN) LP You are currently viewing:
This Equity Incentive Plan Agreement involves

TRAVELPORT LTD | TDS INVESTOR (CAYMAN) LP

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Title: TDS INVESTOR (CAYMAN) L.P Fourth Amended and Restated 2006 Interest Plan
Governing Law: New York     Date: 5/12/2009

TDS INVESTOR (CAYMAN) L.P 

Fourth Amended and Restated 2006 Interest Plan, Parties: travelport ltd , tds investor (cayman) lp
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Exhibit 10.1

 

Execution Version

 

TDS INVESTOR (CAYMAN) L.P.

 

Fourth Amended and Restated 2006 Interest Plan

 

SECTION 1.   Purpose .  The purposes of this TDS Investor L.P. Fourth Amended and Restated 2006 Interest Plan (this “Plan” ) are to promote the interests of TDS Investor L.P. (the “Company” ) and its partners by (i) attracting and retaining exceptional officers and other employees, non-employee directors and consultants of the Company and its Subsidiaries and (ii) enabling such individuals to acquire an equity interest in and participate in the long-term growth and financial success of the Company.

 

SECTION 2.   Definitions .  Capitalized terms used in this Plan but not expressly defined in this Plan shall have the respective meanings ascribed such terms in the Partnership Agreement (as defined below).  As used in this Plan, the following terms shall have the meanings set forth below:

 

“Award” shall mean the grant of the right to purchase and/or acquire Restricted Equity Units or Class A-2 Interests.

 

“Award Agreement” shall mean any written agreement, contract, or other instrument or document (which may include provisions of an employment agreement to which the Company is a party) evidencing any Award granted hereunder.

 

“Company” has the meaning specified in the Section 1 hereof.

 

“Effective Date” shall mean October 13, 2006, which is the date on which this Plan was initially adopted by the Board.

 

“Participant” shall mean any officer or other employee, non-employee director or consultant of the Company or its Subsidiaries eligible for an Award under Section 4 and selected by the Board to receive an Award under this Plan.

 

“Partnership Agreement” shall mean the Amended and Restated Agreement of Exempted Limited Partnership, dated as of October 13, 2006, as amended, modified or supplemented from time to time.

 

“Plan” has the meaning specified in the Section 1 hereof.

 

“Subsidiary” shall mean (i) any entity that, directly or indirectly, is controlled by the Company and (ii) any entity in which the Company has a significant equity interest, in either case as determined by the Board; provided, however, that for purposes of Section 409A of the Internal Revenue Code of 1986, as amended, the definition of “Subsidiary” shall be construed in a manner consistent with such Section 409A so as to avoid the imposition of any additional tax under such section.

 



 

“Stock Incentive Plan” means the 2006 TDS Investor 3 Ltd. Stock Incentive Plan to be adopted by TDS Investor 3 Ltd.

 

SECTION 3.   Interests Subject to this Plan .  The total number of Interests that may be issued pursuant to Awards under this Plan is 154,753,539, allocated among the classes of Interests as follows:

 

(a)           39,582,103 purchased or granted Class A-2 Interests (other than pursuant to Restricted Equity Units, but including all Class A-2 Interests issued in exchange for the redemption of previously granted Awards of Class B Interests, Class B-1 Interests, Class C Interests, Class C-1 Interests and Class D Interests of the Partnership); and

 

(b)           115,171,436 Class A-2 Interests pursuant to Restricted Equity Units.

 

Interests which are subject to Awards which terminate or lapse without any payment in respect thereof may be granted again under this Plan.  Notwithstanding anything to the contrary in this Section 3, the number of Interests that may be issued under this Plan shall be reduced on a one-for-one basis in respect of each share subject to a stock-based award made under the Stock Incentive Plan.

 

SECTION 4.   Administration .

 

(a)           This Plan shall be administered by the Board.  Subject to the terms of this Plan and applicable law, and in addition to other express powers and authorizations conferred on the Board by this Plan, the Board shall have full power and authority to: (i) designate Participants; (ii) determine the number and/or class of Interests to be covered by an Award; (iii) determine the terms and conditions of any Award; (iv) determine whether, to what extent, and under what circumstances Awards may be settled, exercised, canceled, forfeited, or suspended; (v) interpret, administer, reconcile any inconsistency, correct any default and/or supply any omission in this Plan and any instrument or agreement relating to an Award made under this Plan; (vi) establish, amend, suspend, or waive such rules and regulations and appoint such agents as it shall deem appropriate for the proper administration of this Plan; and (vii) make any other determination and take any other action that the Board deems necessary or desirable for the administration of this Plan.

 

(b)           All designations,


 
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