Document:

Exhibit

Exhibit 10.67

Mutual termination agreement of the employment contract and full settlement

This agreement is entered into on  8 February 2017 (the “Effective Date”), in Milan

Between

LivaNova PLC - Italian branch, with registered office in Milan, Via Benigno Crespi 17, in person of Giorgio Cottura, as legal representative

hereinafter, «The Company»
and

Mr. Brian Sheridan, born in Hastings, UK on 27/09/1970, resident in Milan, Tax Code C.F. SHRBND70P27Z114V

hereinafter, «The Executive»
This contract sets forth the terms and conditions of the mutual termination and the full settlement of the employment contract between the Company and the Executive.

Whereas:

		
	a)
	the parties entered into an employment contract as dirigente (the “Employment”) effective from 17 November 2003, pursuant to the CBA for executives of the industry sector (the “CBA”). In the course of the Employment, the Executive has been appointed as Director Corporate Legal Affairs and, finally, General Counsel, Chief Compliance Officer and Company Secretary. The Executive has also been appointed as member of the BoD of Cardiosolutions Inc., in July 2012, of Caisson Inc in July 2012,  of LivaNova IP Ltd, on 23 May 2016, and as proxy holder of LivaNova Italia S.r.l from 30 september 2015, of Sorin S.p.A. from January 2004 to October 2015 (the “Existing Offices”). The Executive has been also appointed as member of the BoD of Sorin Group UK Limited from 29 March 2012 until 26 August 2015, of Sorin CRM Sas from 13 December 2007 to 21 December 2016 and as member of the BoD of  Sand Holdco Limited from 20 February 2015 to 14 September 2015 (the “Offices”); 

		
	b)
	in performing the Employment, the Executive has been entitled to participate in the incentive plans of the Company.

		
	c)
	the parties have declared their will to find an agreement for the termination of the Employment and to settle, once and for all, and to avoid any present or future claims which may arise in connection with the termination of the Employment and the Offices as regulated below, thus avoiding any legal claim in this respect.

		
	1.
	Preamble

		
	1.
	The preamble shall form an integral part of this agreement (the "Agreement"). 

		
	2.
	Mutual termination of the Employment 

		
	1.
	In consideration of the obligation under clause 5 and 6 below, the parties hereby declare and agree that the employment will terminate on a mutual consent basis on 30 June, 2017 (the " Termination Date") with mutual waiver to the notice period and/or the payment of the indemnity in lieu of notice. 

		
	2.
	Should the Executive intend to start a new employment before the Termination Date, the Executive will be entitled to resign from the Employment with 15 days written notice (the “Date of Early Termination”). Without prejudice to the obligations under this Agreement, all the mutual obligations related to the Employment will be terminated at the Termination Date or the Date of Early Termination.

		
	3.
	Between the Effective Date of this Agreement and the Termination Date or the Date of Early Termination, the Executive will perform the Employment towards the Company and the other companies of the Group, in relation to the specific projects which will be communicated from time to time. Lacking any communication from the Company and/or other companies belonging to the Group, the Executive will be exempt from work and presence at the office. It is hereby expressly agreed that, until the Termination Date, the Executive will not be permitted to perform any activities of subordinate nature, even if not in competition with the Company’s business for any other employer. During the Employment the Executive will be permitted to perform activities of autonomous or as an entrepreneur, towards third parties not in competition with the Company.

		
	4.
	The Executive will collect his personal belongings from LivaNova PLC London office and from the Company’s offices in Milan, not later than February 24, 2017.

		
	5.
	No event, including - but not limited to - the Executive’s sickness, will have an impact on the Termination Date.

		
	3.
	Payments up to the Termination Date

		
	1.
	The Executive will receive his ordinary salary until the Termination Date.

		
	2.
	The Executive shall receive after (and due to) the termination: 

		
	•
	the TFR;

		
	•
	portion of the monthly instalments;

		
	•
	payment in lieu of any unused holidays and leaves accrued at the Termination Date.

		
	3.
	The amounts under clause 3.2 above will be calculated at the Termination Date. The Executive reserves his right to verify and check the correct calculation of the above amounts pursuant to the law and the CBA.

		
	4.
	Together with the payment of the April monthly salary, the Company will pay to the Executive the bonus granted to the ELT executives, in compliance with the terms and conditions set forth by the relevant plans and subject to the verification of the targets achieved.

		
	4.
	Full settlement

		
	1.
	Without prejudice to the full and correct execution of the Agreement by the Company, the Executive, pursuant to the «general and novative settlement agreement» as provided for by Article 1975 and 1976 of the Italian Civil Code, waives towards the Company, and towards any other company of the group to which the Company belongs, all claims or rights of any nature or kind whatsoever relating to or caused by the Employment and its termination, including those related to the letter issued by Sorin S.p.A. on February 26, 2015 re the severance agreement, claims relating a different skill or length of service, salary differences, bonus and commissions, indemnity in lieu of holidays, fringe benefits, travel allowances, reimbursement of expenses, changing in job positions as well as any kind of incidence on direct and indirect remuneration. The Executive also waives any prospective claims for damages including extra-contractual and/or non-material in terms of articles 2043, 2059, 2087, 2103 of the Italian Civil Code. The parties expressly acknowledge that the following rights are not covered by (and thus not waived according to) the Agreement: (i) the obligations of the Company according to the Agreement; (ii) the calculation check  under point 3.3. above; (iii) the application of point 6.2; (iii) section 15 of the CBA; (iv) Sorin S.p.A. indemnification letter issued on October 5, 2010, “Irrevocable Indemnification and Hold Harmless for Performance of Your Duties to Sorin S.p.A. and its affiliates with particular regard to USA affiliation”, whose provisions will remain fully valid and enforceable. 

		
	2.
	The Company accepts the above mentioned waivers and, in connection with such waivers, waives - also on behalf of any company belonging to the Group - to any claim whatsoever vis-à-vis the Executive related to the Employment and the Offices, excluding the case of fraud by the Executive ascertained with a final judgement. 

		
	3.
	Furthermore the Company, excluding the case of fraud by the Executive ascertained with a final judgement, undertakes (i) not to start any liability action towards the Executive in relation to the Existing Offices; (ii) not to start any judicial action towards the Executive in relation to the Offices; (iii) to hold harmless the Executive in respect of any claims (irrespective of the relevant amount) by the companies (including their shareholders and third parties) where the Executive was appointed pursuant to the Offices, including claims by public authorities (irrespective of the nationality). The Company will bear any legal expenses borne by the Executive in relation to legal proceedings referred to the above claims.

		
	4.
	The Company, as a payment for the «general novative settlement agreement», undertakes to pay the Executive the gross amount of EUR 15.000,00 (fifteen thousand/00). The Executive accepts the above waivers and the amount offered by the Company.

		
	5.
	Incentive to leave

		
	1.
	The Company, to obtain mutual agreement on the termination undertakes to pay the Executive the gross amount of EUR 1.025,000 (one million twenty five thousand /00). 

		
	2.
	The amount under point 5.1 above, is not subject to social security charges, as provided for by Article 12(4.b) of the law 30 April 1969, No. 153, as modified by Article 6 of D.Lgs. 2 September 1997, No. 314, it shall be subject to I.R.Pe.F., calculated according to Articles 17 and 19 T.U.I.R., with the limitations set forth by Article 24, par. 31, D.L. 6 December 2011 n. 201, as converted in law 22 December 2011, n. 214.

		
	6.
	LTI

		
	1.
	As to the LTI plans currently granted to the Executive the parties agree that:

6.1.1    The 2069 RSU related to the “legacy Sorin” plans will vest on February 27, 2017. 
6.1.2    The 5,209 RSU related to the first tranche of the RSU grant of March 11, 2016 will vest on March 11, 2017.
6.1.3    the remaining tranches related to the RSU grant of March 11, 2016 will vest at the dates set forth by the relevant plans, in the course of the performance of the Consultancy Contract under par. 9 below. Should the Consultancy Contract be terminated, the unvested RSU will be cancelled.
6.1.4    The 6,262 SARs with strike price 51.34 USD related to the “legacy Sorin”, already vested, will be exercisable until 28 February 2018.

6.1.5    The 29,717 SARs with strike price 69.39 USD will vest on October 19, 2017 and will be exercisable until the date set forth by the relevant plan, in the course of the performance of the Consultancy Contract under par. 9 below. Should the Consultancy Contract be terminated at the expiration of the initial 24 months, the unexercised SAR will be exercisable for a maximum period of 12 months following the termination of the Consultancy Contract or the third anniversary, whichever occurs first.
6.1.6    the 29,718 SAR already vested on October 19, 2016, will be exercisable until the date set forth by the relevant plan, in the course of the performance of the Consultancy Contract under par. 9 below. Should the Consultancy Contract be terminated at the expiration of the initial 24 months, the unexercised SAR will be exercisable for a maximum period of 12 months following the termination of the Consultancy Contract or the third anniversary, whichever occurs first.
		
	2.
	Except as provided by the preceding points 6.1 .; 6.1.1; 6.1.2; 6.1.3; 6.1.4; 6.1.5; 6.1.6; the Executive will retain any other rights related to participation in the plans indicated in the table attached to this Agreement (Annex A).

		
	3.
	The parties agree that, after the date of this agreement, the Executive will not be eligible to receive any new long-term incentive award, including, but not limited to, any stock option, stock appreciation right, restricted stock, restricted stock unit, cash award, or any other award contemplated by the LivaNova 2015 Incentive Award Plan on top of what is stated in points 6.1.1. to 6.1.6. of this agreement.

		
	7.
	Miscellaneous

		
	1.
	Within 30 days of the Termination Date or the Date of Early Termination, the company will pay to the Executive 60,000 EUR net as overall reimbursement for the school fees of his children for academic years 2017/2018 and 2018/2019. The Company will pay directly to the relevant schools the unpaid balance related to the school fees agreed for the on-going academic year.

		
	2.
	After the Effective Date of this Agreement, the Company will notify the withdrawal from the lease of the apartment currently used by the Executive in London. The Executive will be allowed to use the apartment until the lease terminates at the existing conditions. The Company will bear the costs of the Executive’s travels Milan/London and London/Milan only to the extent that these travels are expressly requested by this Agreement or by the Company for the performance of the Employment and duly documented by the Executive.

		
	3.
	The Company will pay to the Executive 5,000 EUR net as reimbursement for his relocation costs. 

		
	4.
	The Executive will be allowed to use the company car until the Termination Date, at the existing conditions.

		
	8.
	Payments terms

		
	1.
	The amounts under point 4.4 and 5.1 above shall be paid, by bank transfer to the account specified by the Executive, within maximum 30 days from the Termination Date or the Date of Early Termination, subject to the previous execution of the Verbale di conciliazione under point 11 below.

		
	2.
	The amount under point 7.3 above will be paid, by bank transfer to the account specified by the Executive, within 30 days from the execution of the Verbale di conciliazione under point 11 below.

		
	9.
	Confidentiality

		
	1.
	Following the Termination Date or the Date of Early Termination and compatibly with the obligations arising from the performance of the Consultancy Contact, the Executive (except for the obligations set forth by the law) shall not use, disclose or communicate to any person any confidential information which he shall have come to know or have received or obtained at any time by reason of or in connection with his service with the Company or any other company of the group the Company belongs to, or copy, reproduce or store in any form or by any media or device or allow others access to or to copy or reproduce recorded information whether or not in documentary form containing or referring to confidential information.

		
	2.
	«Confidential Information» in point 9.1 and 9.3 includes any information that may have been given in confidence or be of a confidential nature related to the business or prospective business or internal affairs of the Company or other companies of the group which the Company belongs to, not of public domain. 

		
	3.
	The Executive undertakes not to disclose confidential information regarding the organization of the Company, nor misuse such information so as to cause damage.

		
	4.
	The parties also agree not to disclose to any third parties, except to the extent required by applicable Law, the terms of this Agreement. 

		
	10.
	Legal fees 

		
	1.
	The Company undertakes to pay Mr. Renato Scorcelli, as a contribution towards  legal fees borne by the Executive, the amount of Euro 20.000,00 plus VAT, deducted of withholding tax (R.A.), within maximum 30 days from the signing of the Verbale di conciliazione under clause 11 below.

		
	11.
	Agreement in accordance with Section 2113 the Italian Civil Code

		
	1.
	The Parties undertake to execute (as soon as possible and in any case within 60 days from the Effective Date of this Agreement) a Verbale di conciliazione - in line with applicable Law, and having the same content of the Agreement - before the competent provincial labor office or any other competent venue. The Company 

undertakes to request the relevant meeting by 28 February 2017.
		
	12.
	Final provisions

Consequently, with the signing of this Agreement, the parties declare that they no longer have any claim against each other, for any reason or cause.
LivaNova PLC - Italian branch
______________________

Mr. Brian Sheridan
______________________Exhibit

Exhibit 10.68

LIVANOVA PLC

AND

BRIAN SHERIDAN

CONSULTANCY AGREEMENT

THIS AGREEMENT is made on 9th February 2017.
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)
	BRIAN SHERIDAN, born in Hastings (UK), on 27th September 1970, residing at via Panfilo Castaldi 33, Milan, Italy, C.F: SHRBND70P27Z114V (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.
	Definitions

In this Agreement, unless the context otherwise requires:

	
		
	“Agreement”
	means this contract

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

	“Commencement Date”
	means 30th June 2017, or such earlier date on which Consultant’s employment by LivaNova PLC - Italian Branch terminates, simultaneous with the termination of employment

	“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:
employees and their terms of employment;
customers and potential customers, their requirements and their terms of business with the Company/Group; and
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 second anniversary of the Commencement Date

	“Minority Holder”
	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 (i) a product marketed and sold or under substantial development by the Company during the term of this Agreement, and (ii) trans-catheter mitral valve repair and replacement

	“Restricted Area”
	means any country in the world where, during the term of this Agreement, the Company is engaged in a 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

		
	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.

		
	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

The Appointment shall commence on the Commencement Date and shall continue for a fixed period of five years, unless earlier terminated by one party giving to the other not less than one months’ prior written notice of termination; provided, however, that the Appointment shall not be terminable by the Company during the Initial Period, except as provided otherwise in Clause 9.1.  No fees shall accrue and be payable after the date of termination of the Appointment.
		
	3.
	SERVICES  

		
	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 with regard to litigation brought by or against a Group Company the Services, including holding himself available to act as a witness if called so to serve,  together with such other services as the Company and the Consultant may from time to time mutually agree including, providing services to any Group Company.  Save with regard to the Services with regard to litigation any specific Services to be provided shall be determined by mutual consent and may include support on projects that may be assigned by the Company. 

		
	(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.

		
	4.
	FEES

		
	1.
	Fee rate

		
	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)
	During the Initial Period, the Company agrees to compensate the Consultant at an hourly rate of 250 euros for the first 40 hours of Services each month, and an hourly rate of 275 euros for each hour in excess of 40 hours of Services each month, with a maximum of eight billable hours on any one day.  Also during the Initial Period, the Company will pay Consultant a monthly, non-refundable retainer in the amount of 10,000 euros (the “Retainer”) to remunerate Consultant for his first 40 hours of Services each month.

		
	(b)
	After the Initial Period, the Company agrees to compensate the Consultant at an hourly rate of 275 euros for each hour of Services each month, with a maximum of eight billable hours on any one day.

		
	3.
	Expenses

The Company shall reimburse to the Consultant monthly (against receipts or other appropriate evidence) the amount of all out-of-pocket expenses approved in advance by the Company and reasonably and properly incurred by the Consultant in the proper discharge of the Services.
		
	4.
	Invoices

The Consultant shall invoice the Company monthly for Services, including a brief description of the Services and the hours worked each day.  The Company shall pay the Consultant’s invoice for Services in excess of the Retainer within 60 days of receipt of the invoice.
		
	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 him in relation to the provision of the Services, or receipt by him of the fees, or both (including any interest or penalties imposed in respect of such payments). 
		
	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.
		
	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 

		
	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.
		
	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

		
	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.
		
	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.
		
	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

		
	1.
	Restrictions on other activities and interests 

During the Appointment, save with regard to the Services related to litigation as provided in Section 3 above, the Consultant may accept to perform engagements from or be employed by other persons, provided that;
		
	(a)
	during the Initial Period, with regard to projects that the Consultant has been offered and accepted to undertake, 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 Company) impinge on the Consultant’s ability to provide the Services.

		
	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.
		
	3.
	Conflicts

During the Initial Period, 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 

		
	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 that shall become available to the public generally otherwise than through the default of the Consultant.

		
	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.

		
	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.
	TERMINATION

		
	1.
	Termination events

Notwithstanding the provisions of Clause 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).

		
	10.
	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.
		
	11.
	AMENDMENTS, WAIVERS AND REMEDIES

		
	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. 
		
	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.

		
	12.
	ENTIRE AGREEMENT

		
	(a)
	This Agreement, the documents referred to in it and the settlement agreement executed between the Company and the Consultant on even date hereof, 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.

		
	13.
	NO OUTSTANDING CLAIMS

The Consultant hereby acknowledges that he has no outstanding claims of any kind against the Company or any Group Company.
		
	14.
	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.

		
	15.
	NOTICE

		
	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.
		
	16.
	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.
		
	17.
	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.
		
	18.
	GOVERNING LAW AND JURISDICTION

		
	1.
	Governing law

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

		
	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

Brian Sheridan                            

In the presence of:

		
	Witness Signature:
	__________________________________

		
	Full Name:
	__________________________________

		
	Address:
	__________________________________

__________________________________

__________________________________

    

EXECUTED as a Deed    
		
	by LivaNova PLC acting by
	__________________________________

Damien McDonald,    
Chief Executive Officer    

In the presence of:

		
	Witness Signature:
	__________________________________

		
	Full Name:
	_________________________________

		
	Address:
	__________________________________

__________________________________

__________________________________

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