We consider our relationship with our employees to be good and have never experienced an organized labor dispute, strike or work stoppage. As of December 2, 2013, the aggregate number of our ordinary shares beneficially owned by our directors and senior management was 2,508,798 shares. As of December 2, 2013, none of our directors or members of senior management beneficially owned 1% or more of our outstanding ordinary shares. Beneficial ownership by a person, as of a particular date, assumes the exercise of all options and warrants held by such person that are currently exercisable or are exercisable within 60 days of such date. Our Board of Directors has adopted, and our shareholders have approved, our 1998 Stock Option and Incentive Plan, as amended, which we refer to as the 1998 Plan, pursuant to which up to 62,300,000 of our ordinary shares may be issued. The 1998 Plan provides for the grant of restricted shares, stock options and other stock-based awards to our directors, officers, employees and consultants. The purpose of the 1998 Plan is to enable us to attract and retain qualified personnel and to motivate such persons by providing them with an equity participation in Amdocs. As of September 30, 2013, of the 62,300,000 ordinary shares available for issuance under the 1998 Plan, 38,129,116 ordinary shares had been issued as a result of option exercises and restricted share issuances under the provisions of the 1998 Plan, and 12,077,291 ordinary shares remained available for future grants, subject to a sublimit applicable to the award of restricted shares or awards dominated in stock units. As of November 30, 2013, there were outstanding options to purchase an aggregate of 11,956,619 ordinary shares at exercise prices ranging from $16.92 to $39.60 per share. The 1998 Plan is administered by a committee that determines all the terms of the awards (subject to the above), including which employees, directors or consultants are granted awards. The Board of Directors may amend or terminate the 1998 Plan, provided that shareholder approval is required to increase the number of ordinary shares available under the 1998 Plan, to materially increase the benefits accruing to participants, to change the class of employees eligible for participation, to decrease the basis upon which the minimum exercise price of options is determined or to extend the period in which awards may be granted or to grant an option that is exercisable for more than ten years. Ordinary shares subject to restricted stock awards are subject to certain restrictions on sale, transfer or hypothecation. No awards may be granted after January 2016. As a result of acquisitions, as of September 30, 2013, we were obligated to issue (and have reserved for issuance) an additional 44,283 ordinary shares upon exercise of options that had previously been granted under the option plans of the acquired companies and were exchanged for options to purchase our ordinary shares. These options have exercise prices ranging from $0.38 to $37.66 per share. No additional options have been or will be granted under these predecessor plans. 51 Stock Option and Incentive Plan Security Ownership of Directors and Senior Management and Certain Key Employees Share Ownership