Document:

Exhibit

Exhibit 10.58
Dated 21 December 2016

LIVANOVA PLC

ANDRÉ-MICHEL BALLESTER

 SETTLEMENT AGREEMENT

Latham & Watkins

99 Bishopsgate
London EC2M 3XF
(44) 020 7710 1000 (Tel)
 (44) 020 7374 4460 (Fax)
www.lw.com

1

        

THIS AGREEMENT is made on 21 December 2016
BETWEEN
		
	(1)
	LIVANOVA PLC, a company registered in England with registered number 09451374 and having its registered office at 20 Eastbourne Terrace, London, England W2 6LG (the “Company”); and

		
	(2)
	ANDRÉ-MICHEL BALLESTER, residing at 30 Blandford Street, London, England W1U 4BY (the “Executive”).

BACKGROUND
		
	(A)
	The Executive’s employment with the Company will terminate on 31 December 2016; 

		
	(B)
	The Executive believes he has the Claims (as that term is defined below) arising out of the termination of his employment or otherwise;

		
	(C)
	The parties have entered into this Agreement for the purposes of recording and implementing the terms that they have agreed as full and final settlement of the Claims and any and all other claims that the Executive has and/or may have against the Company and any Group Company (as defined below) whether or not they are or could be in the contemplation of the parties at the date of this Agreement; 

		
	(D)
	The parties agree that the conditions regulating settlement agreements under the Acts (as defined below) are satisfied by this Agreement; and

		
	(E)
	The Company is entering into this Agreement for itself and for all Group Companies, and is duly authorised to do so in that respect.

IT IS AGREED as follows:
		
	1.
	DEFINITIONS AND INTERPRETATION

		
	1.1
	Definitions

In this Agreement, unless the context otherwise requires:

	
			
	 
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	“the Acts”
	means the Employment Rights Act 1996 section 203(3) and the Equality Act 2010, section 147

	“Claims”
	means the claims that the Executive believes that he has against the Company or any Group Company or against any of its or their respective shareholders, officers, employees or agents, being:
(a)    for breach of contract arising out of his employment, or termination of the employment, or otherwise;
(b)    for unfair dismissal under the Employment Rights Act 1996;
(c)    in relation to unauthorized deductions from wages;
(d)    for discrimination, harassment or victimisation on the grounds of age, sex, race or nationality or any other unlawful ground, pursuant to the Equality Act 2010;
(e)    for breach of contract or any other rights to or in respect of shares or other securities or securities based incentives in the Company or any Group Company; 
(f)    for unlawful detriment under the Employment Rights Act 1996; and 
(g)    under the Public Interest Disclosure Act 1998.

	“Compensation Committee”
	means the duly appointed compensation committee of the board of directors of the Company

	“Group”
	means the Company, any presently existing or future holding company or undertaking of the Company and any presently existing or future subsidiaries and subsidiary undertakings of the Company or such holding company or undertaking (and the words “subsidiary” and “holding company” shall have the meanings given to them in section 1159 in the Companies Act 2006)

	“Group Company”
	means any company within the Group

	“Schedule”
	means a schedule to this Agreement

	“Termination Date”
	means the 31 December 2016

		
	1.2
	Interpretation and Construction

Save to the extent that the context or the express provisions of this Agreement require otherwise, in this Agreement:
		
	(a)
	words importing the singular shall include the plural and vice versa;

		
	(b)
	words importing any gender shall include all other genders;

		
	(c)
	references to any statute or statutory provision (including any subordinate legislation) include any statute or statutory provision which amends, extends, consolidates or replaces the same, or which has been amended, extended, consolidated or replaced by the same, and shall include any orders, regulations, instruments or other subordinate legislation made under the relevant statute or statutory provision; 

		
	(d)
	references to a “person” includes any individual, firm, company, corporation, body corporate, government, state or agency of state, trust or foundation, or any association, 

	
			
	 
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partnership or unincorporated body (whether or not having separate legal personality) or two or more of the foregoing;
		
	(e)
	general words shall not be given a restrictive meaning because they are followed by words which are particular examples of the acts, matters or things covered by the general words and “including”, “include” and “in particular” shall be construed without limitation; and

		
	(f)
	the words “other” and “otherwise” shall not be construed eiusdem generis with any foregoing words where a wider construction is possible.

		
	1.3
	Headings

The headings in this Agreement are included for convenience only and shall be ignored in construing the Agreement.
		
	2.
	TERMINATION OF EMPLOYMENT AND OFFICES

		
	2.1
	The employment of the Executive with the Company will terminate on the Termination Date. Up to and including the Termination Date, the Executive will continue to be bound by his current service agreement and his duties will include working to deliver a smooth transition to his successor as CEO of the Company.

		
	2.2
	The Executive will immediately deliver to the Company the letter of resignation in terms of the draft letter set out at Schedule 1 confirming his resignation from his employment and from all directorships and other offices which the Executive holds in the Company and the Group.

		
	2.3
	The Executive will do all such acts and things as the Company may require to effect his resignation from all offices to which the Executive was appointed in connection with or by reason of his employment by or appointment with the Company or any Group Company, including all trusteeships.

		
	3.
	PAYMENTS

		
	3.1
	Subject to compliance by the Executive with the terms of this Agreement, the Company will (without admission of liability) pay to the Executive the following sums (the “Severance Payments”):-

		
	(a)
	£725,000 as a payment in lieu of notice comprising twelve months’ salary and twelve months’ accommodation allowance (the “PILON”); and 

		
	(b)
	£100 in respect of the undertakings given in Clause 10.

		
	3.2
	The Executive shall notify the Company by no later than the Termination Date as to whether he wishes to receive the PILON in a single payment (payable, subject to clause 3.3, no later than 31 January 2017) or in twelve equal monthly instalments, the first such monthly instalment falling due by 31 January 2017.  The parties acknowledge and agree that the Company will have no right to set-off any future income which becomes payable to the Executive against the PILON.

		
	3.3
	Notwithstanding the Executive’s preference as to the manner and timing of the PILON payment, no Severance Payments will be paid prior to the Company’s receipt of this Agreement duly executed by the Executive and his solicitor.

		
	3.4
	The Severance Payments set out above are gross amounts and will be made after deduction of all payments or deductions required by law or owed by the Executive to the Company or any 

	
			
	 
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Group Company, including tax due on any benefits or payments made or to be made to the Executive in respect of his employment with the Company.
		
	4.
	TAXATION

		
	4.1
	The Company understands that the Severance Payments under Clauses 3.1(a) and 3.1(b) (together the “Taxable Amount”) will be subject to deduction by the Company of tax at the appropriate rate and employee’s National Insurance contributions before payment is made to the Executive. The Company will account to HMRC for the tax and National Insurance contributions deducted. 

		
	4.2
	The Executive will be responsible and liable for the payment of any tax and employee’s National Insurance contributions and any social security contributions and other employment related taxes wherever in the world arising (including any interest, penalties, costs and expenses) due in respect of the Severance Payments and the benefits and incentives (if any) set out in this Agreement (excluding the tax and National Insurance contributions deducted by the Company from the Taxable Amount) (the “Additional Tax”). The Executive will indemnify the Company and each Group Company and keep them indemnified on a continuing basis against all and any liability for Additional Tax that the Company or any Group Company may incur.  No payment of Additional Tax will be made to HMRC or other relevant tax authority without first particulars of the proposed payment being given to the Executive so that he is given the opportunity, at his own expense, to dispute any such payment or liability with HMRC or other relevant authority. 

		
	5.
	PAYMENT OF ACCRUED SUMS AND EXPENSES

		
	5.1
	The Company will pay the Executive his basic salary in respect of the period up to the Termination Date and pay in lieu of 7 days of holiday which have accrued up to the Termination Date.  The sums will be paid via payroll in the normal way and will be paid after deduction of tax and National Insurance contributions.

		
	5.2
	The Executive will submit his final expenses claim made up to the Termination Date within 10 days after the Termination Date.  The Company will reimburse the Executive for all expenses reasonably incurred in the proper performance of his duties in accordance with Company guidelines.

		
	5.3
	Notwithstanding the termination of his employment, the Executive will continue to be eligible to receive a payment under the Company’s annual discretionary bonus plan (the “Bonus Plan”) in respect of the current bonus year. The amount of any bonus will be calculated by reference to the same percentage of the target amount used to calculate the bonus awarded to other executives under the Bonus Plan, and will be subject to the achievement of performance conditions in accordance with the terms of the Bonus Plan. Any payment of bonus under the Bonus Plan will be paid in 2017 at the same time that bonus payments are made to other executives under the Bonus Plan.

		
	5.4
	Other than as set out in Clause 5.3, the Executive accepts he is not entitled to and will not receive any bonus.

		
	6.
	SHARE INCENTIVES 

		
	6.1
	The Compensation Committee has determined that, in accordance with their power under the applicable award agreements: 

		
	(a)
	the Executive’s RSUs subject to time-based vesting which were granted pursuant to an award agreement dated 18 November 2015 shall continue to vest up to and including 18 November 2017, whereupon vesting will cease and any unvested RSUs will lapse;

	
			
	 
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	(b)
	the Executive’s RSUs subject to performance-based vesting which were granted pursuant to an award agreement dated 11 March 2016 shall continue to vest (subject to achievement of the relevant performance criteria) up to and including 11 March 2017, whereupon vesting will cease and any unvested RSUs will lapse;

		
	(c)
	the Executive’s SARs subject to time-based vesting which were granted pursuant to an award agreement dated 11 March 2016 shall continue to vest up to and including 11 March 2017 whereupon vesting will cease and any unvested RSUs will lapse; and

		
	(d)
	the following awards will vest as of 31 December 2016 based on the Executive’s status as a “good leaver” under the applicable award agreements:

		
	(i)
	4,001 RSUs granted in May 2013 under the Sorin S.p.A. 2013-2015 Long Term Incentive Plan, and

		
	(ii)
	2,431 RSUs granted in June 2014 under the Sorin S.p.A. 2014-2016 Long Term Incentive Plan.

		
	6.2
	Subject to clause 6.1, the awards referred to in clause 6.1 will continue to be governed by the terms of the applicable award agreements and plan rules that already govern those awards.

		
	6.3
	All other RSU and SAR awards (or other awards that are linked to shares in the Company or any Group Company) granted to the Executive and not vested as of 31 December 2017 will lapse on that date.

		
	7.
	WARRANTIES

		
	7.1
	The Executive warrants that:

		
	(a)
	he has not raised any legal proceedings against the Company or any Group Company or against any of its or their respective shareholders, officers, employees or agents; and

		
	(b)
	other than the Claims, as of the date of this Agreement, he has no further or outstanding claims or rights of action, being any further or outstanding claims or rights of action, whether under statute or common law (including contractual, tortious or other claims) and whether before an Employment Tribunal, court or otherwise and whether in the UK or any other jurisdiction in the world against the Company or any Group Company or any of its or their respective shareholders, officers, employees or agents including in respect of or arising out of his employment, or the holding of any office with or investment in the Company or any Group Company or the termination of that employment or office (such claims or rights of action referred to as “Further Claims”). 

		
	7.2
	The Executive warrants as a strict condition to payment under this Agreement that there are no circumstances of which he is aware or of which he ought to be aware which could constitute a repudiatory breach by him of his contract of employment which would entitle or have entitled the Company to terminate his employment without notice.

		
	7.3
	The Company warrants that as at the date of this Agreement it is not aware of any claims or circumstances giving rise to any claims against the Executive personally relating to the period in which he was an employee of the Company.

		
	8.
	SETTLEMENT

		
	8.1
	Subject to clause 8.3, the Executive accepts the terms of this Agreement in full and final settlement of the Claims and all and any Further Claims, whether such claims are known or unknown to 

	
			
	 
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the parties and whether or not they are or could be in the contemplation of the parties at the date of this Agreement, which are waived and released in full.  The Company accepts the terms of this Agreement in full and final settlement of any claims it or any Group Company has or may have, known or unknown, arising out of the Executive’s services to the Company or any Group Company.
		
	8.2
	The Executive undertakes not to institute or pursue any proceedings against the Company or any Group Company or against any of its or their respective shareholders, officers, employees or agents before an Employment Tribunal, court or any other judicial body anywhere in the world in respect of the Claims or for any remedy arising from any Further Claims.

		
	8.3
	The Executive does not waive his right to bring a claim for accrued rights under any pension scheme or damages for latent personal injuries and/or any latent industrial disease arising out of the course of his employment with the Company and/or the Group that are currently unknown to him.  The Executive warrants that he is not aware of having any such personal injuries.  These exceptions are the only claims which have not been settled by this Agreement.

		
	8.4
	Subject to the terms of Clause 8.3, if any other claim emerges in law or in fact anywhere in the world based on anything done or omitted to be done during the period of the Executive’s employment by the Company which was not previously known or foreseeable by the Executive, then the Executive agrees that there should be no recourse to any remedy for the claim against the Company or any Group Company.  The Executive acknowledges and accepts that in agreeing to the level of the Severance Payments he has taken into account that he has waived the right to pursue any such claims, whether foreseeable or not previously known, against the Company or any Group Company.

		
	9.
	ACKNOWLEDGEMENT 

The Executive acknowledges that the Company has entered into this Agreement and made the Severance Payments in reliance on the warranties and the undertakings given by him in Clause 7 and Clause 8 respectively.  In the event of any breach by the Executive of any of those warranties or undertakings, the Severance Payments shall be repaid by him to the Company immediately and shall be recoverable by the Company as a debt.
		
	10.
	CONFIDENTIALITY 

		
	10.1
	The Executive agrees he continues to owe a duty of confidentiality to the Company and to the Group after the Termination Date.

		
	10.2
	The Executive undertakes not to do any act or thing that might reasonably be expected would damage the business, interests or reputation of the Company or any Group Company and will not make or publish or cause to be made or published to anyone in any circumstances any disparaging remarks concerning the Company or any Group Company or any of its or their respective shareholders, officers, employees or agents.  

		
	10.3
	Neither the Company nor any Group Company will authorise anyone to make or publish or cause to be made or published to anyone any statement or do any act or thing which it or they might reasonably expect would damage the interests or reputation of the Executive.

		
	10.4
	The Executive acknowledges and agrees that whilst the consideration paid pursuant to Clause 3.1(b) represents valuable consideration it does not amount to an estimate of or cap on the loss or damage which the Company or any Group Company would suffer were the Executive to breach any of the obligations set out in this Clause.

	
			
	 
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	11.
	INDEMNIFICATION

		
	11.1
	In September 2015, the Company and the Executive entered into a deed of indemnity ("the Deed") relating to acts and omissions of the Executive while employed by the Company.  The Deed shall continue in full force and effect according to its terms notwithstanding the termination of the Executive's employment and directorship.

		
	11.2
	The Company acknowledges that the Executive performed duties at an executive level for the Sorin Group prior to creation of the Company, which may expose him to claims by third parties or criminal or regulatory proceedings ("Sorin Claims") in a number of jurisdictions.  In addition to the Deed, the Company therefore agrees to take such steps as are necessary to ensure that in the event of a Sorin Claim being brought against the Executive, he shall be held harmless and indemnified to the fullest extent permitted by the local law in any jurisdiction in which a Sorin Claim is brought.

		
	11.3
	The Company will, for a period of not less than six calendar years following the Termination Date, maintain directors’ and officers’ insurance for the benefit of the Executive in respect of those liabilities which he incurred as a director or officer of the Company or any Group Company and for which such insurance is normally available.

		
	12.
	DELIVERY UP

		
	12.1
	The Executive will return to the Company’s premises on or before the Termination Date all books, documents, papers, data (including copies or extracts and whether in printed or electronic format), materials, credit cards, keys, security cards or other property of or relating to the business of the Company or the Group or its or their respective clients or suppliers.  The Executive shall be entitled to retain for his personal use his company-assigned iPhone, iPad, and Surface Pro laptop computer, in each case without a company-paid wireless service plan.

		
	12.2
	The Executive confirms that he will not, after the Termination Date, retain any confidential information relating to the Company or the Group, whether stored in electronic format or otherwise, except as may be retained with the express consent of the Company.

		
	13.
	STATUTORY SETTLEMENT

This Agreement is made in compliance with the Acts which have been satisfied both generally and in the following particulars:
		
	(a)
	the Executive confirms that he has received independent legal advice on the terms and effect of this Agreement, and in particular its effect on his ability to pursue his rights before an Employment Tribunal or court;

		
	(b)
	the said legal advice has been given to the Executive by Jane Fielding whose address is Gowling WLG(UK) LLP, Two Snow Hill, Birmingham B4 6WR; and

		
	(c)
	the said solicitor has confirmed to the Executive that she is a qualified solicitor holding a current practising certificate and in respect of whom there is in force a policy of professional indemnity insurance covering the risk of a claim against her and the said firm in respect of loss arising in consequence of the said advice and by signing the Certificate attached to this Agreement also confirms that she complies with the Acts.

		
	14.
	SERVICE AGREEMENT 

	
			
	 
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	14.1
	The Executive confirms that all clauses in his terms and conditions of employment with the Company that are described as applying after the termination of his employment including the restrictions set out in Clauses 16, 17 and 20, will continue to apply to him.

		
	15.
	COUNTERPARTS

This Agreement may be executed in any number of counterparts, including facsimiles, each of which is an original and all of which together evidence the same agreement.
		
	16.
	GOVERNING LAW AND JURISDICTION

		
	16.1
	This Agreement is governed and to be construed in accordance with English law and any dispute is subject to the exclusive jurisdiction of the English courts.

		
	16.2
	Any Group Company may enjoy the benefit of and enforce the terms of this Agreement in accordance with the provisions of the Contracts (Rights of Third Parties) Act 1999.

The “without prejudice” and “subject to contract” nature of this document shall cease to apply once executed by the parties.

	
			
	 
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Schedule 1 - RESIGNATION

The Directors    LivaNova plc
20 Eastbourne Terrace
London, England 
W2 6LG

[  ̃ ] 2016
Dear Sirs 

LivaNova plc (the “Company”)I hereby resign with effect from 31 December 2016 as an employee and from my office as a director of the Company and from all other offices which I hold in any Group Company. 

Yours faithfully

André-Michel Ballester 

	
			
	 
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Schedule 2     - CERTIFICATE OF INDEPENDENT LEGAL ADVISER
I Jane Fielding of Gowling WLG (UK) LLP whose address is Two Snow Hill, Birmingham B4 6WR confirm that I gave independent legal advice to André-Michel Ballester as to the terms and effect of the Agreement to which this certificate is attached (including the effect of Clauses 7, 8 and 9 in particular its effect on his ability to pursue his rights before a Court or Employment Tribunal.

I confirm that I am a solicitor of the Senior Courts holding a current practising certificate and that the statutory requirements relating to settlement agreements and compromise agreements set out in the Acts (as defined in the Agreement) have been met.  Further, that there was in force at the time I gave the advice referred to above a policy of insurance covering the risk of a claim by André-Michel Ballester in respect of any loss arising in consequence of that advice.
Signed:  
Dated: 

	
			
	 
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IN WITNESS of which this Agreement has been executed and delivered as a deed on the first date written above.

		
	EXECUTED as a Deed
	_________________________________

		
	by LIVANOVA PLC
	Senior Vice President & General Counsel

acting by Brian Sheridan,
Senior Vice President &General Counsel

in the presence of:

Witness’s
		
	Signature:
	_________________________________

		
	Full Name:
	_________________________________

		
	Address:
	_________________________________

_________________________________
_________________________________

EXECUTED as a Deed
by ANDRÉ-MICHEL BALLESTER
		
	 
	_________________________________

in the presence of:

Witness’s
		
	Signature:
	_________________________________

		
	Full Name:
	_________________________________

		
	Address:
	_________________________________

_________________________________
_________________________________

	
			
	 
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US-DOCS\73241951.1Exhibit

Exhibit 10.59
Dated 26 December 2016

LIVANOVA PLC

AND

ANDRÉ-MICHEL BALLESTER

CONSULTANCY AGREEMENT

Latham & Watkins

London

99 Bishopsgate
London EC2M 3XF
(44) 020 7710 1000 (Tel)
 (44) 020 7374 4460 (Fax)
www.lw.com 

THIS AGREEMENT is made on 26 December 2016
BETWEEN
		
	(1)
	LIVANOVA PLC, a company registered in England with registered number 09451374 and having its registered office at 20 Eastbourne Terrace, London, England W2 6LG (the “Company”); and

		
	(2)
	ANDRÉ-MICHEL BALLESTER, residing at 30 Blandford Street, London England W1U 4BY (the “Consultant”).

BACKGROUND
The Company wishes to benefit from the skills and abilities of the Consultant and the Consultant is an independent contractor who has agreed to provide his services to the Company, upon the terms and subject to the conditions set out in this Agreement.
IT IS AGREED as follows:
		
	1.
	DEFINITIONS AND INTERPRETATION

		
	1.1
	Definitions

In this Agreement, unless the context otherwise requires:
	
		
	“Agreement”
	means this contract and the Schedule

	“Appointment”
	means the engagement of the Consultant under this Agreement, or, as the context requires, the duration of that engagement

	“Board”
	means the Board of directors of the Company from time to time or any duly authorised committee thereof

	“Commencement Date”
	means 31 December 2016

	“Confidential Information”
	means all information which is identified or treated by the Company or any Group Company or any of the Group’s clients or customers as confidential or which by reason of its character or the circumstances or manner of its disclosure is evidently confidential including any information about the personal affairs of any of the directors (or their families) of the Company or any Group Company, business plans, proposals relating to the acquisition or disposal of a company or business or proposed expansion or contraction of activities, maturing new business opportunities, research and development projects, designs, secret processes, trade secrets, product or services development and formulae, know-how, inventions, sales statistics and forecasts, marketing strategies and plans, costs, profit and loss and other financial information (save to the extent published in audited accounts), prices and discount structures and the names, addresses and contact and other details of:
(a)    employees and their terms of employment;
(b)    customers and potential customers, their requirements and their terms of business with the Company/Group; and
(c)    suppliers and potential suppliers and their terms of business (all whether or not recorded in writing or in electronic or other format)

	“Group”
	means the Company, any presently existing holding company or undertaking of the Company and subsidiaries and subsidiary undertakings of the Company or such holding company or undertaking

	“Group Company”
“Initial Period”
	means any company within the Group
means the period beginning on the Commencement Date and ending on the first anniversary of the Commencement Date

	“Intellectual Property Rights”

“Minority Holder”
	means any and all existing and future intellectual or industrial property rights in and to any Works (whether registered or unregistered) including all existing and future patents, copyrights, design rights, database rights, trade marks, semi-conductor topography rights, plant varieties rights, internet rights/domain names, know-how and any and all applications for any of the foregoing and any and all rights to apply for any of the foregoing in and to any Works
means a person who either solely or jointly holds (directly or through nominees ) any shares or loan capital in any company whose shares are listed or dealt in on a recognised investment exchange (as that term is defined by section 285 Financial Services and Markets Act 2000) provided that such holding does not, when aggregated with any shares or loan capital held by the Consultant’s partner and/or his or his partner’s children under the age of 18, exceed 3% of the shares or loan capital of the class concerned for the time being issued

	“Protected Business”
	means any business pertaining to trans-catheter mitral valve repair and replacement and cardiac rhythm management

	“Restricted Area”
	means:
(a)    the United Kingdom; and
(b)    any other country in the world where, between 1 January 2017 to 31 December 2018, the Company is engaged in the Protected Business

	“Services”
	means the services, work and other tasks to be provided by the Consultant to the Company in accordance with this Agreement as described in Clause 3

	“Termination Date”
	means the date of termination of the Appointment

	“Works”
	means any documents, materials, models, designs, drawings, processes, inventions, formulae, computer coding, methodologies, know-how, Confidential Information or other work performed, made, created, devised, developed or discovered by the Consultant either alone or with any other person in connection with or relating to the business of the Company or any Group Company or capable of being used or adapted for use therein or in connection therewith.

		
	1.2
	Interpretation and construction

Save to the extent that the context or the express provisions of this Agreement require otherwise, in this Agreement:
		
	(a)
	words importing the singular shall include the plural and vice versa;

		
	(b)
	words importing any gender shall include all other genders;

		
	(c)
	any reference to a Clause, the Schedule or Part of the Schedule is to the relevant Clause, Schedule or part of the Schedule of or to this Agreement unless otherwise specified;

		
	(d)
	references to this Agreement or to any other document shall be construed as references to this Agreement or to that other document as modified, amended, varied, supplemented, assigned, novated or replaced from time to time;

		
	(e)
	references to any statute or statutory provision (including any subordinate legislation) includes any statute or statutory provision which amends, extends, consolidates or replaces the same, or which has been amended, extended, consolidated or replaced by the same, and shall include any orders, regulations, instruments or other subordinate legislation made under the relevant statute or statutory provision; 

		
	(f)
	references to a “person” includes any individual, firm, company, corporation, body corporate, government, state or agency of state, trust or foundation, or any association,  partnership or unincorporated body (whether or not having separate legal personality) or two or more of the foregoing;

		
	(g)
	general words shall not be given a restrictive meaning because they are followed by words which are particular examples of the acts, matters or things covered by the general words and “including”, “include” and “in particular” shall be construed without limitation; and

		
	(h)
	the words “other” and “otherwise” shall not be construed eiusdem generis with any foregoing words where a wider construction is possible.

		
	1.3
	Headings

The table of contents and the headings in this Agreement are included for convenience only and shall be ignored in construing this Agreement.
		
	2.
	TERM

		
	2.1
	General

The terms of clause 2 are subject to the Company’s right to terminate the Appointment immediately without notice or payment in lieu of notice pursuant to clause 12.
		
	2.2
	Duration

		
	(a)
	The Appointment shall commence on the Commencement Date and shall continue for a fixed period of four years expiring automatically on 31 December 2020, unless earlier terminated by one party giving to the other not less than 1 months’ prior written notice of termination; provided, however, that the Appointment shall not be terminable by the Company during the Initial Period.  No fees shall accrue and be payable after the date of termination of the Appointment.

		
	(b)
	If, after the Initial Period, the Appointment is terminated by the Company, then the Company will pay the Consultant a sum equal to the fees that the Consultant would have been paid pursuant to this Agreement in the period from the Termination Date to 31 December 2020 (inclusive of any payment in lieu of notice), and the Company will amend, subject to the prior approval of the compensation committee of the Board, each SAR award agreement having an expiration date that is sooner than it would have been had the Company not terminated the Appointment prior to 31 December 2020, to reinstate the pre-termination expiration date.

		
	(c)
	If the Appointment is terminated by the Consultant, then the Company will pay the Consultant a sum equal to the fees payable to the Consultant for the period ending on the Termination Date (inclusive of any payment in lieu of notice), and the Company will have no obligation to pay the Consultant a sum equal to the fees that the Consultant would have been paid pursuant to this Agreement in the period from the Termination Date to 31 December 2020.

		
	2.3
	Payment in lieu of notice

		
	(a)
	On notice of termination being served by either party the Company shall be entitled at its sole discretion at that time, or at any time thereafter during the notice period to terminate the Appointment immediately by giving the Consultant notice in writing.  In these circumstances the Company can elect to subsequently pay to the Consultant the fees (if any) which would otherwise have been payable by the Company to the Consultant during the remainder of the notice period.

		
	(b)
	For the avoidance of doubt, the Company is not obliged to make a payment in lieu of notice. If the Company shall decide not to do so, the Consultant shall not be entitled to enforce that payment as a contractual debt nor as liquidated damages.

		
	3.
	SERVICES  

		
	3.1
	Provision of Services

		
	(a)
	With effect from the Commencement Date, the Consultant shall, on request by any representative of the Company, designated as such by the Company’s Chief Executive Officer, provide the Services together with such other services as the Company and the Consultant shall from time to time agree including, providing services to any Group Company.  The specific Services to be provided are:

		
	(i)
	transitional support for the new chief executive officer of the Company during 2017, including litigation support services;

		
	(ii)
	projects that may be assigned by the Company’s Chief Executive Officer; and

		
	(iii)
	during 2018, 2019 and 2020 litigation support services only. 

		
	(b)
	The Consultant may engage another person to perform any administrative, clerical or secretarial functions that are reasonably incidental to the provision of the Services provided that the Consultant accepts all liability for the terms of engagement and shall indemnify the Company from and against any claims or liability arising from that engagement.  The Company will not provide the Consultant with any administrative, clerical or secretarial functions, unless agreed expressly with the CEO from time to time.

		
	(c)
	The Consultant will perform the Services in compliance with all applicable laws, rules and regulations and, in addition, the Consultant will comply with all internal policies and regulations of the Group as are identified to the Consultant from time to time in writing, including, but not limited to, the Company’s Code of Conduct and its supporting policies and procedures.

		
	3.2
	Hours and location of work

During 2017, the Consultant shall devote at least 50% of his working days to providing the Services to the Company, subject to an upper limit of 55% of working days.  During 2018, 2019 and 2020, the Consultant shall provide the Services to the Company as reasonably requested from time to time, bearing in mind the Services are limited to litigation support. The Services shall be provided for those hours and at those places necessary for the proper performance of the Services. 
		
	4.
	FEES

		
	4.1
	Fee rate

		
	4.2
	In consideration of the Consultant providing the Services referred to in Clause 3.1 in accordance with this Agreement, the Company agrees to pay the Consultant the following fees:

		
	(a)
	US $400,000 for the period 31 December 2016 to 31 December 2017; and

		
	(b)
	US $50,000 per annum for the period commencing on 1 January 2018 to termination of the Appointment.

		
	4.3
	Payment

The fee shall accrue from day to day during each month in which the Services are provided and be payable in equal monthly instalments (excluding VAT) within 10 business days following the end of each month during which the Consultant is to provide the Services.
		
	4.4
	Expenses

The Company shall reimburse to the Consultant (against receipts or other appropriate evidence as the Board may require) the amount of all out-of-pocket expenses reasonably and properly incurred by it in the proper discharge of the Services.
		
	4.5
	Obligation to pay tax

The Consultant shall at all times pay any income tax, National Insurance contributions, VAT and other contributions required by law to be paid by it in relation to the provision of the Services, or receipt by it of the fee, or both (including any interest or penalties imposed in respect of such payments). 
		
	4.6
	Tax indemnity

The Consultant shall indemnify and keep indemnified the Company and each Group Company for all time on demand from and against any and all costs, claims, penalties, liabilities and expenses incurred in respect of income tax, National Insurance or other contributions due by the Consultant in relation to the provision of the Services.
		
	4.7
	Deductions 

Without prejudice to the indemnity in Clause 4.6, if for any reason, the Company or any Group Company shall become liable to pay, or shall pay, any taxes or other payments referred to in Clause 4.5, the Company shall be entitled to deduct from any amounts payable to the Consultant all amounts so paid or required to be paid by or in respect of it or any Group Company in that respect. 
		
	5.
	NO EMPLOYMENT OR AGENCY 

		
	5.1
	No employment, agency or partnership

The Consultant warrants and represents to the Company that he is an independent contractor.  Nothing contained in this Agreement shall be construed or have effect as constituting any relationship of employer and employee, partnership or joint venture between the Company or any Group Company and the Consultant, nor shall it constitute the Consultant acting as an agent or a worker of the Company or any Group Company.  Unless expressly authorised to do so, the Consultant shall not have any right or power whatsoever to contract on behalf of any Group Company or bind any Group Company in any way in relation to third parties and will not hold itself out as having such authority.  The Consultant is supplying the Services to the Company and any Group Company as part of the Consultant’s business undertaking.  The Company and any Group Company receiving the Services is/are the Consultant’s clients for these purposes.
		
	5.2
	Payment of Other Persons

The Consultant shall be responsible for the payment and/or provision of all remuneration and any benefits due to or in respect of any person whom the Consultant involves in the provision of the Services under their contract of employment or engagement with the Consultant or otherwise, including any national insurance, income tax and any other form of taxation or social security costs in respect of such person's remuneration or benefits, as well as any pension benefits to be provided to or in respect of such person.
		
	6.
	INDEMNITY AND INSURANCE

		
	6.1
	Consultant’s undertaking

The Consultant acknowledges that the Company will rely upon his skills and judgement in relation to the Services and undertakes that in providing the Services he will exercise all reasonable skill, care and attention in all matters.
		
	6.2
	Indemnification of the Company

The Consultant shall indemnify and keep indemnified the Company and each Group Company for all time on demand from any and all direct or indirect damages, loss, costs, claims, liabilities and expenses incurred in respect of the Consultant’s performance (or non-performance) of the Services including in respect of any act, neglect or default of the Consultant or any person authorised by the Consultant to act on his behalf, provided that the Consultant's liability under this clause is limited to $550,000.
		
	6.3
	Consultant to insure

The Consultant shall maintain, at his own cost, a comprehensive policy of insurance to cover the Consultant’s liability in respect of any act, omission or default for which he may become liable himself, or become liable to indemnify the Company under this Agreement (including, insurance to cover third party, employer’s and professional liability claims).  
		
	7.
	OTHER INTERESTS

		
	7.1
	Restrictions on other activities and interests 

During the Appointment, the Consultant may accept and perform engagements from or be employed by other persons, provided that;
		
	(a)
	during the period from the Commencement Date to 31 December 2018 the Consultant shall not within the Restricted Area be employed or engaged or at all interested (except as a Minority Holder) in that part of a business which is involved in the Protected Business if it is or seeks to be in competition with the Company or any Group Company; and

		
	(b)
	such employment or engagement does not (in the reasonable opinion of the Board) impinge on the Consultant’s ability to provide the Services.

		
	7.2
	Severance

It is agreed that if the restriction in Clause 7.1 shall be adjudged to go beyond what is reasonable in all the circumstances for the protection of the legitimate interests of the Company or a Group Company but would be adjudged reasonable if some part of it were deleted, the restriction shall apply with such deletion(s) as may be necessary to make it valid and enforceable.
		
	7.3
	Conflicts

During 2017 and 2018, the Consultant shall immediately disclose to the Company any conflict of interest that arises in relation to the provision of the Services as a result of any present or future appointment, employment or other interest of the Consultant and any and all appointments that the Consultant accepts that may impact his ability to perform the Services or dedicate the time necessary to achieve same.
		
	8.
	CONFIDENTIAL INFORMATION 

		
	8.1
	Restrictions on disclosure/use of Confidential Information

The Consultant must not either during the Appointment (except in the proper performance of the Services) or at any time (without limit) after the Termination Date:
		
	(a)
	divulge or communicate to any person;

		
	(b)
	use for his own purposes or for any purposes other than those of the Company or any Group Company; or

		
	(c)
	through any failure to exercise due care and diligence, cause any unauthorised disclosure of

any Confidential Information. The Consultant must at all times use his best endeavours to prevent publication or disclosure of any Confidential Information.  These restrictions shall cease to apply to any information which shall become available to the public generally otherwise than through the default of the Consultant.
		
	8.2
	Protection of Company documents and materials

All notes, records, lists of customers, suppliers and employees, correspondence, computer and other discs or tapes, data listings, codes, keys and passwords, designs, drawings and other documents or material whatsoever (whether made or created by the Consultant or otherwise and in whatever medium or format) relating to the business of the Company or any Group Company or any of its or their clients (and any copies of the same):
		
	(a)
	shall be and remain the property of the Company or the relevant Group Company or client; and

		
	(b)
	shall be handed over by the Consultant to the Company or relevant Group Company or client on demand and in any event on the termination of the Appointment.

		
	8.3
	The Consultant undertakes that, he will not at any time during the Appointment or at any time (without limit) after the Termination Date make or publish or cause to be made or published to anyone in any circumstances any disparaging remarks concerning the Company or any Group Company or any of its or their respective shareholders, officers, employees or agents.  The Company undertakes not to make or publish or cause to be made or published to anyone in any circumstances any disparaging remarks concerning the Consultant.

		
	9.
	INVENTIONS AND OTHER WORKS

		
	9.1
	Application of this Clause

The provisions of this clause 9 apply only during 2017.
		
	9.2
	Creation of Works

The Consultant may make or create Works during the Appointment.
		
	9.3
	Disclosure and ownership of Works

The Consultant must immediately disclose to the Company all Works and all Intellectual Property Rights.  Both the Works and the Intellectual Property Rights will (subject to sections 39 to 43 of the Patents Act 1977) belong to and be the absolute property of the Company or any other person the Company may nominate.
		
	9.4
	Protection, registration and vesting of Works

The Consultant shall immediately on request by the Company (whether during the Appointment or after the Termination Date) and at the expense of the Company:
		
	(a)
	apply or join with the Company or any Group Company in applying for any Intellectual Property Rights or other protection or registration (“Protection”) in the United Kingdom and in any other part of the world for, or in relation to, any Works;

		
	(b)
	execute all instruments and do all things necessary for vesting all Intellectual Property Rights or Protection when obtained and all right, title and interest to and in the same absolutely and as sole beneficial owner in the Company or such Group Company or other person as the Company may nominate; and

		
	(c)
	sign and execute any documents and do any acts reasonably required by the Company in connection with any proceedings in respect of any applications and any publication or application for revocation of any Intellectual Property Rights or Protection.

		
	9.5
	Waiver of rights by the Consultant

The Consultant hereby irrevocably and unconditionally waives all rights under Chapter IV Copyright, Designs and Patents Act 1988 and any other moral rights which he may have in the Works, in whatever part of the world such rights may be enforceable including, without limitation:
		
	(a)
	the right conferred by section 77 of that Act to be identified as the author of any such Works; and

		
	(b)
	the right conferred by section 80 of that Act not to have any such Works subjected to derogatory treatment.

		
	9.6
	Power of attorney

The Consultant hereby irrevocably appoints the Company to be his attorney and in his name and on his behalf to execute any such act and to sign all deeds and documents and generally to use his name for the purpose of giving to the Company the full benefit of this Clause.  The Consultant confirms that, with respect to any third parties, a certificate signed by any duly authorised officer of the Company that any act or deed or document falls within the authority hereby conferred shall be conclusive evidence that this is the case.
		
	9.7
	Statutory rights

Nothing in this Clause 9 shall be construed as restricting the rights of the Consultant or the Company under sections 39 to 43 Patents Act 1977.
		
	10.
	OBLIGATIONS OF THE COMPANY

During the Appointment, the Company shall provide the Consultant with access to its registered office and its other offices and the Company’s information, records and other relevant material reasonably required by the Consultant in order to provide the Services.  Further, the Company shall:
		
	(a)
	make available reasonable working space and facilities at its registered office to enable the Consultant to provide the Services; and

		
	(b)
	make available appropriate secretarial personnel to enable the Consultant to provide the Services only to the extent as provided in Clause 3.1.

		
	11.
	TERMINATION

		
	11.1
	Termination events

Notwithstanding the provisions of Clause 2.2, the Company shall be entitled, but not bound, to terminate the Appointment with immediate effect (and without giving any period of notice or pay in lieu of notice) by giving to the Consultant notice in writing at any time after the occurrence of any one or more of the following events:
		
	(a)
	if the Consultant commits any material or persistent breach of this Agreement, or fails to perform the Services to the standard required by the Company; or

		
	(b)
	if the Consultant becomes insolvent or bankrupt or compounds with or grants a trust deed for the benefit of his creditors; or

		
	(c)
	if the Consultant’s behaviour (whether or not in breach of this Agreement) can reasonably be regarded as materially prejudicial to the interests of the Company or any Group Company, including if he is found guilty of any criminal offence punishable by imprisonment (whether or not such sentence is actually imposed).

		
	12.
	DATA PROTECTION

By signing this Agreement, the Consultant acknowledges and agrees that the Company is permitted to hold and process personal (and sensitive) information and data about him and any other employees of or service providers to the Consultant who provide the Services from time to time as part of its personnel and other business records; and may use such information in the course of the Company’s business.  The Consultant agrees that the Company may disclose such information to third parties, including where they are situated outside the European Economic Area, in the event that such disclosure is in the Company’s view required for the proper conduct of the Company’s business or that of any associated company.  This Clause applies to information held, used or disclosed in any medium.  The Consultant will procure the consent of any other relevant employee or service provider of the Consultant to the terms of this clause.
		
	13.
	AMENDMENTS, WAIVERS AND REMEDIES

		
	13.1
	Amendments

No amendment or variation of this Agreement or any of the documents referred to in it shall be effective unless it is in writing and signed by or on behalf of each of the parties. 
		
	13.2
	Waivers and remedies cumulative

		
	(a)
	The rights of each party under this Agreement:

		
	(i)
	may be exercised as often as necessary;

		
	(ii)
	are cumulative and not exclusive of its rights under the general law; and

		
	(iii)
	may be waived only in writing and specifically.

		
	(b)
	Delay in exercising or non-exercise of any right is not a waiver of that right.

		
	(c)
	Any right of rescission conferred upon the Company by this Agreement shall be in addition to and without prejudice to all other rights and remedies available to it.

		
	14.
	ENTIRE AGREEMENT

		
	(a)
	This Agreement, the documents referred to in it and the settlement agreement executed between the Company and the Consultant on 21 December 2016, constitute the entire agreement and understanding of the parties and supersede and extinguish all previous agreements, promises, assurances, warranties, representations and understandings between the parties, whether written or oral, relating to the subject matter of this Agreement.

		
	(b)
	Each party acknowledges that in entering into this Agreement it does not rely on, and shall have no remedies in respect of, any statement, representation, assurance or warranty (whether made innocently or negligently) that is not set out in this Agreement.

		
	(c)
	Each party agrees that it shall have no claim for innocent or negligent misrepresentation or negligent misstatement based on any statement in this Agreement.

		
	(d)
	Nothing in this clause shall limit or exclude any liability for fraud.

		
	15.
	NO OUTSTANDING CLAIMS

The Consultant hereby acknowledges that he has no outstanding claims of any kind against the Company or any Group Company.
		
	16.
	SEVERANCE

If any provision of this Agreement is or becomes illegal, invalid or unenforceable in any jurisdiction, that shall not affect:
		
	(a)
	the legality, validity or enforceability in that jurisdiction of any other provisions of this Agreement; or

		
	(b)
	the legality, validity or enforceability in any other jurisdiction of that or any other provision of this Agreement.

		
	17.
	NOTICE

		
	17.1
	Notices and deemed receipt

Any notice hereunder shall be given by either party to the other either personally to its Company Secretary or sent to its registered office for the time being.  Any such notice shall be in writing and shall be given by letter delivered by hand or sent by first class prepaid recorded delivery or registered post or by email.  Any such notice shall be deemed to have been received:
		
	(a)
	if delivered personally, at the time of delivery;

		
	(b)
	in the case of pre-paid recorded delivery or registered post, 48 hours from the date of posting; and

		
	(c)
	in the case of registered airmail, five days from the date of posting; and

		
	(d)
	in the case of email, at the time of transmission;

provided that if deemed receipt occurs before 9am on a business day the notice shall be deemed to have been received at 9am on that day and if deemed receipt occurs after 5pm on a business day, or on a day which is not a business day, the notice shall be deemed to have been received at 9am on the next business day.  For the purpose of this Clause, “business day” means any day which is not a Saturday, a Sunday or a public holiday in the place at or to which the notice is left or sent.
		
	18.
	THIRD PARTY RIGHTS

Nothing in this Agreement is intended to confer on any person any right to enforce any term of this Agreement which that person would not have had but for the Contracts (Rights of Third Parties) Act 1999. No right of any Party to agree any amendment, variation, waiver or settlement under or arising from or in respect of this Agreement, or to terminate this Agreement, shall be subject to the consent of any person who has rights under this Agreement by virtue of the Contracts (Rights of Third Parties) Act 1999.
		
	19.
	ASSIGNMENT

No Party may assign the benefit of its rights under this Agreement, whether absolutely or by way of security, or deal in any way with any interest it has under this Agreement.
		
	20.
	GOVERNING LAW AND JURISDICTION

		
	20.1
	Governing law

This Agreement shall is governed by and to be construed in accordance with English law.
		
	20.2
	Jurisdiction

Each party hereby submits to the exclusive jurisdiction of the English courts as regards any claim, dispute or matter arising out of or in connection with this Agreement and its implementation and effect.

IN WITNESS of which this Agreement has been executed and delivered as a deed on the first date written above.
EXECUTED by

André-Michel Ballester    

In the presence of: 

		
	Witness Signature
	__________________________________

		
	Full Name
	_________________________________

		
	Address:
	__________________________________

__________________________________

__________________________________

    

EXECUTED as a Deed    
		
	by LivaNova Plc acting by
	__________________________________

		
	Brian Sheridan,
	General Counsel & Company Secretary

General Counsel & Company Secretary    

In the presence of: 

		
	Witness Signature
	__________________________________

		
	Full Name
	_________________________________

		
	Address:
	__________________________________

__________________________________

__________________________________

1

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