Exhibit 10.26
MF GLOBAL LTD.
EMPLOYEE STOCK PURCHASE PLAN
Table of Contents
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Page
SECTION 1
Purpose Of The Plan
1
SECTION 2
Definitions
1
(a) “Board”
1
(b) “Code”
1
(c) “Committee”
1
(d) “Company”
1
(e) “Compensation”
1
(f) “Corporate Reorganization”
1
(g) “Eligible Employee”
2
(h) “Exchange Act”
2
(i) “Fair Market Value”
2
(j) “Offering Period”
2
(k) “Participant”
2
(l) “Participating Company”
2
(m) “Plan”
2
(n) “Plan Account”
2
(o) “Purchase Price”
3
(p) “Shares”
3
(q) “Subsidiary”
3
SECTION 3
Administration Of The Plan
3
(a) Committee Composition
3
(b) Committee Responsibilities
3
SECTION 4
Enrollment And Participation
3
(a) Offering Periods
3
(b) Enrollment
4
(c) Duration of Participation
4
SECTION 5
Employee Contributions
4
(a) Frequency of Payroll Deductions
4
(b) Amount of Payroll Deductions
4
(c) Changing Withholding Rate
4
(d) Discontinuing Payroll Deductions
4
SECTION 6
Withdrawal From The Plan
4
(a) Withdrawal
4
(b) Re-enrollment After Withdrawal
5
SECTION 7
Change In Employment Status
5
(a) Termination of Employment
5
(b) Leave of Absence
5
(c) Death
5
SECTION 8
Plan Accounts And Purchase Of Shares
5
(a) Plan Accounts
5
(b) Purchase Price
5
(c) Number of Shares Purchased
5
(d) Available Shares Insufficient
6
(e) Issuance of Shares
6
(f) Unused Cash Balances
6
(g) Shareholder Approval
6
SECTION 9
Limitations On Shares Ownership
6
(a) Five Percent Limit
6
(b) Dollar Limit
7
SECTION 10
Rights Not Transferable
7
SECTION 11
No Rights As An Employee
7
SECTION 12
No Rights As A Shareholder
8
Table of Contents
-i-
Page
SECTION 1
Purpose Of The Plan
1
SECTION 2
De