Document:

EX-10.6

 Exhibit 10.6 

LIVANOVA PLC 
 2015
INCENTIVE AWARD PLAN 
 DIRECTOR RESTRICTED STOCK UNIT AWARD GRANT NOTICE 

LivaNova PLC, a public limited company incorporated under the laws of England and Wales (the “Company”),
pursuant to its 2015 Incentive Award Plan, as amended from time to time (the “Plan”), hereby grants to the holder listed below (“Participant”) the number of Restricted Stock Units (the “RSUs”) set
forth below. The RSUs are subject to the terms and conditions set forth in this Restricted Stock Unit Grant Notice (the “Grant Notice”) and the Restricted Stock Unit Agreement attached hereto as Exhibit A (the
“Agreement”) and the Plan, which are incorporated herein by reference. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in the Grant Notice and the Agreement. 

 

			
	 Participant:
	  	
[                            
]

		
	 Grant Date:
	  	
[                            
]

		
	 Number of RSUs:
	  	
[                            
]

		
	 Vesting Schedule:
	  	The RSUs shall become fully vested on the earliest of (i) the first anniversary of the Grant Date, (ii) the day immediately preceding the date of the first annual meeting of the Company’s stockholders following the Grant Date
and (iii) the date of a Change in Control.

 By Participant’s signature below, Participant agrees to be bound by the terms and
conditions of the Plan, the Agreement and the Grant Notice. Participant has reviewed the Agreement, the Plan and the Grant Notice in their entirety, has had an opportunity to obtain the advice of counsel prior to executing the Grant Notice and fully
understands all provisions of the Grant Notice, the Agreement and the Plan. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan, the
Grant Notice or the Agreement. If Participant is married, his or her spouse has signed the Consent of Spouse attached to this Grant Notice as Exhibit B. 
  

 

									
	 LIVANOVA PLC
	 		 	 PARTICIPANT

					
	 By:
	  	  
	 		 	 By:
	  	  

	 Print Name:
	  	  
	 		 	 Print Name:
	  	  

	 Title:
	  	  
	 		 		  	

 EXHIBIT A 

TO DIRECTOR RESTRICTED STOCK UNIT AWARD GRANT NOTICE 

DIRECTOR RESTRICTED STOCK UNIT AWARD AGREEMENT 

Pursuant to the Grant Notice to which this Agreement is attached, the Company has granted to Participant the number of RSUs
set forth in the Grant Notice. 
 ARTICLE I. 

GENERAL 

1.1         Defined Terms.    Capitalized terms not
specifically defined herein shall have the meanings specified in the Plan or the Grant Notice. 

1.2         Incorporation of Terms of Plan.    The
RSUs and the Shares issued to Participant hereunder are subject to the terms and conditions set forth in this Agreement and the Plan, which is incorporated herein by reference. In the event of any inconsistency between the Plan and this Agreement,
the terms of the Plan shall control. 
 ARTICLE II. 

AWARD OF RESTRICTED STOCK UNITS AND DIVIDEND EQUIVALENTS 

2.1         Award of RSUs and Dividend Equivalents. 

(a)        In consideration of Participant’s past and/or continued employment
with or service to the Company or a Subsidiary and for other good and valuable consideration, effective as of the grant date set forth in the Grant Notice (the “Grant Date”), the Company has granted to Participant the number of RSUs
set forth in the Grant Notice, upon the terms and conditions set forth in the Grant Notice, the Plan and this Agreement, subject to adjustment as provided in Section 13.2 of the Plan. Each RSU represents the right to receive one Share or, at
the option of the Company, an amount of cash as set forth in Section 2.3(b), in either case, at the times and subject to the conditions set forth herein. However, unless and until the RSUs have vested, Participant will have no right to the
payment of any Shares subject thereto. Prior to the actual delivery of any Shares, the RSUs will represent an unsecured obligation of the Company, payable only from the general assets of the Company. 

(b)        The Company hereby grants to Participant an Award of Dividend Equivalents
with respect to each RSU granted pursuant to the Grant Notice for all ordinary cash dividends which are paid to all or substantially all holders of the outstanding Shares between the Grant Date and the date when the applicable RSU is distributed or
paid to Participant or is forfeited or expires. The Dividend Equivalents for each RSU shall be equal to the amount of cash which is paid as a dividend on one Share. All such Dividend Equivalents shall be credited to Participant and be deemed to be
reinvested in additional RSUs as of the date of payment of any such dividend based on the Fair Market Value of a Share on such date. Each additional RSU which results from such deemed reinvestment of Dividend Equivalents granted hereunder shall be
subject to the same vesting, distribution or payment, adjustment and other provisions which apply to the underlying RSU to which such additional RSU relates. 

 2.2         Vesting of RSUs and
Dividend Equivalents. 
 (a)        Subject to Participant’s continued
employment with or service to the Company or a Subsidiary on each applicable vesting date and subject to the terms of this Agreement, the RSUs shall vest in such amounts and at such times as are set forth in the Grant Notice. Each additional RSU
which results from deemed reinvestments of Dividend Equivalents pursuant to Section 2.1(b) hereof shall vest whenever the underlying RSU to which such additional RSU relates vests. 

(b)        In the event Participant incurs a Termination of Service, except as may be
otherwise provided by the Administrator or as set forth in a written agreement between Participant and the Company, Participant shall immediately forfeit any and all RSUs and Dividend Equivalents granted under this Agreement which have not vested or
do not vest on or prior to the date on which such Termination of Service occurs, and Participant’s rights in any such RSUs and Dividend Equivalents which are not so vested shall lapse and expire. 

2.3         Distribution or Payment of RSUs. 

(a)        Participant’s RSUs shall be distributed in Shares (either in
book-entry form or otherwise) or, at the option of the Company, paid in an amount of cash as set forth in Section 2.3(b), in either case, as soon as administratively practicable following the vesting of the applicable RSU pursuant to
Section 2.2, and, in any event, within sixty (60) days following such vesting (for the avoidance of doubt, this deadline is intended to comply with the “short-term deferral” exemption from Section 409A of the Code).
Notwithstanding the foregoing, the Company may delay a distribution or payment in settlement of RSUs if it reasonably determines that such payment or distribution will violate Federal securities laws or any other Applicable Law, provided that
such distribution or payment shall be made at the earliest date at which the Company reasonably determines that the making of such distribution or payment will not cause such violation, as required by Treasury Regulation
Section 1.409A-2(b)(7)(ii), and provided further that no payment or distribution shall be delayed under this Section 2.3(a) if such delay will result in a violation of Section 409A of the Code. 

(b)        In the event that the Company elects to make payment of Participant’s
RSUs in cash, the amount of cash payable with respect to each RSU shall be equal to the Fair Market Value of a Share on the day immediately preceding the applicable distribution or payment date set forth in Section 2.3(a). All distributions
made in Shares shall be made by the Company in the form of whole Shares, and any fractional share shall be distributed in cash in an amount equal to the value of such fractional share determined based on the Fair Market Value as of the date
immediately preceding the date of such distribution. 

2.4         Conditions to Issuance of Shares.  The Company shall
not be required to issue or deliver any certificate or certificates for any Shares or to cause any Shares to be held in book-entry form prior to the fulfillment of all of the following conditions: (A) the admission of the Shares to listing on
all stock exchanges on which such Shares are then listed, (B) the completion of any registration or other qualification of the Shares under any state or federal law or under rulings or regulations of the Securities and Exchange Commission or
other governmental regulatory body, which the Administrator shall, in its absolute discretion, deem necessary or advisable, and (C) the obtaining of any approval or other clearance from any state or federal governmental agency that the
Administrator shall, in its absolute discretion, determine to be necessary or advisable. 

 2.5         Tax
Withholding.  Notwithstanding any other provision of this Agreement: 

(a)        The Company and its Subsidiaries have the authority to deduct or withhold,
or require Participant to remit to the Company or the applicable Subsidiary, an amount sufficient to satisfy any applicable federal, state, local and foreign taxes (including the employee portion of any FICA obligation) required by law to be
withheld with respect to any taxable event arising pursuant to this Agreement. The Company and its Subsidiaries may withhold or Participant may make such payment in one or more of the forms specified below: 

(i)          by cash or check made payable to the Company or the Subsidiary
with respect to which the withholding obligation arises; 
 (ii)         by
the deduction of such amount from other compensation payable to Participant; 

(iii)        with respect to any withholding taxes arising in connection with the
distribution of the RSUs, by the Company withholding a net number of vested Shares otherwise issuable pursuant to the RSUs having a then current Fair Market Value not exceeding the amount necessary to satisfy the withholding obligation of the
Company and its Subsidiaries based on the minimum applicable statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes or such other rate as does not result in adverse accounting consequences for the
Company; 
 (iv)         with respect to any withholding taxes arising in
connection with the distribution of the RSUs, with the consent of the Administrator, by tendering to the Company vested Shares having a then current Fair Market Value not exceeding the amount necessary to satisfy the withholding obligation of the
Company and its Subsidiaries based on the minimum applicable statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes or such other rate as does not result in adverse accounting consequences for the
Company; 
 (v)          with respect to any withholding taxes arising in
connection with the distribution of the RSUs, through the delivery of a notice that Participant has placed a market sell order with a broker acceptable to the Company with respect to Shares then issuable to Participant pursuant to the RSUs, and that
the broker has been directed to pay a sufficient portion of the net proceeds of the sale to the Company or the Subsidiary with respect to which the withholding obligation arises in satisfaction of such withholding taxes; provided that payment
of such proceeds is then made to the Company or the applicable Subsidiary at such time as may be required by the Administrator, but in any event not later than the settlement of such sale; or 

(vi)         in any combination of the foregoing. 

[Unless the Board otherwise determines, the Company shall withhold using the method described in clause (iii) above.]1 
 (b)        With respect to any
withholding taxes arising in connection with the RSUs, in the event Participant fails to provide timely payment of all sums required pursuant to Section 2.5(a), the Company shall have the right and option, but not the obligation, to treat such
failure as an election by Participant to satisfy all or any portion of Participant’s required payment obligation pursuant to Section 2.5(a)(ii) or Section 2.5(a)(iii) above, or any combination of the foregoing as the Company may
determine to be appropriate. The Company shall not be obligated to deliver any certificate representing Shares issuable with respect to the RSUs to, or to cause any such Shares to be held in book-entry form by, Participant or his or her legal
representative unless and until Participant or his or her legal representative 

  
  

 

	1	For US directors. 

 
shall have paid or otherwise satisfied in full the amount of all federal, state, local and foreign taxes applicable with respect to the taxable income of Participant resulting from the vesting or
settlement of the RSUs or any other taxable event related to the RSUs. 

(c)        In the event any tax withholding obligation arising in connection with the
RSUs will be satisfied under Section 2.5(a)(iii), then the Company may elect to instruct any brokerage firm determined acceptable to the Company for such purpose to sell on Participant’s behalf a whole number of shares from those Shares
then issuable to Participant pursuant to the RSUs as the Company determines to be appropriate to generate cash proceeds sufficient to satisfy the tax withholding obligation and to remit the proceeds of such sale to the Company or the Subsidiary with
respect to which the withholding obligation arises. Participant’s acceptance of this Award constitutes Participant’s instruction and authorization to the Company and such brokerage firm to complete the transactions described in this
Section 2.5(c), including the transactions described in the previous sentence, as applicable. The Company may refuse to issue any Shares in settlement of the RSUs to Participant until the foregoing tax withholding obligations are satisfied,
provided that no payment shall be delayed under this Section 2.5(c) if such delay will result in a violation of Section 409A of the Code. 

(d)        Participant is ultimately liable and responsible for all taxes owed in
connection with the RSUs, regardless of any action the Company or any Subsidiary takes with respect to any tax withholding obligations that arise in connection with the RSUs. Neither the Company nor any Subsidiary makes any representation or
undertaking regarding the treatment of any tax withholding in connection with the awarding, vesting or payment of the RSUs or the subsequent sale of Shares. The Company and the Subsidiaries do not commit and are under no obligation to structure the
RSUs to reduce or eliminate Participant’s tax liability. 

2.6         Rights as Stockholder.    Neither
Participant nor any person claiming under or through Participant will have any of the rights or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares (which
may be in book-entry form) will have been issued and recorded on the records of the Company or its transfer agents or registrars, and delivered to Participant (including through electronic delivery to a brokerage account). Except as otherwise
provided herein, after such issuance, recordation and delivery, Participant will have all the rights of a stockholder of the Company with respect to such Shares, including, without limitation, the right to receipt of dividends and distributions on
such Shares. 
 ARTICLE III. 

OTHER PROVISIONS 

3.1         Administration.  The Administrator shall have the
power to interpret the Plan, the Grant Notice and this Agreement and to adopt such rules for the administration, interpretation and application of the Plan, the Grant Notice and this Agreement as are consistent therewith and to interpret, amend or
revoke any such rules. All actions taken and all interpretations and determinations made by the Administrator will be final and binding upon Participant, the Company and all other interested persons. To the extent allowable pursuant to Applicable
Law, no member of the Committee or the Board will be personally liable for any action, determination or interpretation made with respect to the Plan, the Grant Notice or this Agreement. 

3.2         RSUs Not Transferable.  The RSUs may not be sold,
pledged, assigned or transferred in any manner other than by will or the laws of descent and distribution, unless and until the Shares underlying the RSUs have been issued, and all restrictions applicable to such Shares have lapsed. No RSUs or any
interest or right therein or part thereof shall be liable for the debts, contracts or engagements 

 
of Participant or his or her successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such
disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no
effect, except to the extent that such disposition is permitted by the preceding sentence. Notwithstanding the foregoing, with the consent of the Administrator, the RSUs may be transferred to certain persons or entities related to the Participant,
including but not limited to members of Participant’s family, charitable institutions or trusts or other entities whose beneficiaries or beneficial owners are members of Participant’s family or to such other persons or entities as may be
expressly approved by the Administrator, pursuant to any such conditions and procedures the Administrator may require. 

3.3         Adjustments.    The Administrator may
accelerate the vesting of all or a portion of the RSUs in such circumstances as it, in its sole discretion, may determine. Participant acknowledges that the RSUs and the Shares subject to the RSUs are subject to adjustment, modification and
termination in certain events as provided in this Agreement and the Plan, including Section 13.2 of the Plan. 

3.4         Notices.  Any notice to be given under the terms of
this Agreement to the Company shall be addressed to the Company in care of the Secretary of the Company at the Company’s principal office, and any notice to be given to Participant shall be addressed to Participant at Participant’s last
address reflected on the Company’s records. By a notice given pursuant to this Section 3.4, either party may hereafter designate a different address for notices to be given to that party. Any notice shall be deemed duly given when sent via
email or when sent by certified mail (return receipt requested) and deposited (with postage prepaid) in a post office or branch post office regularly maintained by the United States Postal Service. 

3.5         Titles.  Titles are provided herein for convenience
only and are not to serve as a basis for interpretation or construction of this Agreement. 

3.6         Governing Law.     The laws of the
State of Delaware shall govern the interpretation, validity, administration, enforcement and performance of the terms of this Agreement regardless of the law that might be applied under principles of conflicts of laws. 

3.7         Conformity to Securities Laws.  Participant
acknowledges that the Plan, the Grant Notice and this Agreement are intended to conform to the extent necessary with all Applicable Laws, including, without limitation, the provisions of the Securities Act and the Exchange Act, and any and all
regulations and rules promulgated thereunder by the Securities and Exchange Commission, and state securities laws and regulations. Notwithstanding anything herein to the contrary, the Plan shall be administered, and the RSUs are granted, only in
such a manner as to conform to Applicable Law. To the extent permitted by Applicable Law, the Plan and this Agreement shall be deemed amended to the extent necessary to conform to Applicable Law. 

3.8         Amendment, Suspension and
Termination.    To the extent permitted by the Plan, this Agreement may be wholly or partially amended or otherwise modified, suspended or terminated at any time or from time to time by the Administrator or the Board,
provided that, except as may otherwise be provided by the Plan, no amendment, modification, suspension or termination of this Agreement shall adversely affect the RSUs in any material way without the prior written consent of Participant. 

3.9         Successors and Assigns.     The
Company may assign any of its rights under this Agreement to single or multiple assignees, and this Agreement shall inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth in
Section 3.2 and the Plan, this Agreement shall be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto. 

 3.10       Limitations Applicable to
Section 16 Persons.    Notwithstanding any other provision of the Plan or this Agreement, if Participant is subject to Section 16 of the Exchange Act, the Plan, the RSUs (including RSUs which result from the deemed
reinvestment of Dividend Equivalents), the Dividend Equivalents, the Grant Notice and this Agreement shall be subject to any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including any
amendment to Rule 16b-3 of the Exchange Act) that are requirements for the application of such exemptive rule. To the extent permitted by Applicable Law, this Agreement shall be deemed amended to the extent necessary to conform to such applicable
exemptive rule. 
 3.11       Not a Contract of
Employment.    Nothing in this Agreement or in the Plan shall confer upon Participant any right to continue to serve as an employee or other service provider of the Company or any Subsidiary or shall interfere with or
restrict in any way the rights of the Company and its Subsidiaries, which rights are hereby expressly reserved, to discharge or terminate the services of Participant at any time for any reason whatsoever, with or without cause, except to the extent
expressly provided otherwise in a written agreement between the Company or a Subsidiary and Participant. Neither the Plan nor this Agreement afford the Participant any rights to compensation or damages, including for loss of or potential loss that
the Participant may suffer as a result of the termination of the Plan, lapse of the RSUs or the termination of the Participant’s employment with or service to the Company. 

3.12       Entire Agreement.    The Plan, the Grant Notice and
this Agreement (including any exhibit hereto) constitute the entire agreement of the parties and supersede in their entirety all prior undertakings and agreements of the Company and Participant with respect to the subject matter hereof. 

3.13       Section 409A.    This Award is not intended to
constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code (together with any Department of Treasury regulations and other interpretive guidance issued thereunder, including without limitation any
such regulations or other guidance that may be issued after the date hereof, “Section 409A”). However, notwithstanding any other provision of the Plan, the Grant Notice or this Agreement, if at any time the Administrator determines
that this Award (or any portion thereof) may be subject to Section 409A, the Administrator shall have the right in its sole discretion (without any obligation to do so or to indemnify Participant or any other person for failure to do so) to
adopt such amendments to the Plan, the Grant Notice or this Agreement, or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, as the Administrator determines are
necessary or appropriate for this Award either to be exempt from the application of Section 409A or to comply with the requirements of Section 409A. 

3.14       Agreement Severable.    In the event that any
provision of the Grant Notice or this Agreement is held invalid or unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of the Grant
Notice or this Agreement. 
 3.15       Limitation on Participant’s
Rights.  Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Company as to amounts payable and shall not be construed as
creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. Participant shall have only the rights of a general unsecured creditor of the Company with respect to amounts credited and benefits payable, if any,
with respect to the RSUs and Dividend Equivalents. 

3.16       Counterparts.    The Grant Notice may be executed in
one or more counterparts, including by way of any electronic signature, subject to Applicable Law, each of which shall be deemed an original and all of which together shall constitute one instrument. 

3.17       Broker-Assisted Sales.    In the event of any
broker-assisted sale of Shares in connection with the payment of withholding taxes as provided in Section 2.5(a)(iii) or Section 2.5(c): (A) any Shares to be sold through a broker-assisted sale will be sold on the day the tax
withholding obligation arises or as soon thereafter as practicable; (B) such Shares may be sold as part of a block trade with other participants in the Plan in which all participants receive an average price; (C) Participant will be
responsible for all broker’s fees and other costs of sale, and Participant agrees to indemnify and hold the Company harmless from any losses, costs, damages, or expenses relating to any such sale; (D) to the extent the proceeds of such
sale exceed the applicable tax withholding obligation, the Company agrees to pay such excess in cash to Participant as soon as reasonably practicable; (E) Participant acknowledges that the Company or its designee is under no obligation to
arrange for such sale at any particular price, and that the proceeds of any such sale may not be sufficient to satisfy the applicable tax withholding obligation; and (F) in the event the proceeds of such sale are insufficient to satisfy the
applicable tax withholding obligation, Participant agrees to pay immediately upon demand to the Company or its Subsidiary with respect to which the withholding obligation arises an amount in cash sufficient to satisfy any remaining portion of the
Company’s or the applicable Subsidiary’s withholding obligation. 
 * * * * * 

 EXHIBIT B 

TO RESTRICTED STOCK UNIT AWARD GRANT NOTICE 

CONSENT OF SPOUSE 

I,
                        , spouse of
                        , have read and approve the foregoing Agreement. In consideration of issuing to my spouse the
restricted stock units of LivaNova PLC set forth in the Agreement, I hereby appoint my spouse as my attorney-in-fact in respect of the exercise of any rights under the Agreement and agree to be bound by the provisions of the Agreement insofar as I
may have any rights in said Agreement or any shares of LivaNova PLC issued pursuant thereto under the community property laws or similar laws relating to marital property in effect in the state of our residence as of the date of the signing of the
foregoing Agreement. 
  
  

									
	 Dated:
	 	  
	 		 	  
	 	
		 		 		 	 Signature of SpouseEX-10.7

 Exhibit 10.7 

Dated 19 October 2015 

LIVANOVA PLC 

ANDRÉ-MICHEL BALLESTER 
  

 
  

SERVICE AGREEMENT 
  

 
  
 

 
 99 Bishopsgate 

London EC2M 3XF 
 (44) 020 7710 1000
(Tel) 
 (44) 020 7374 4460 (Fax) 

www.lw.com 

 THIS AGREEMENT is made on 19 October 2015 

BETWEEN 
  

	(1)	 LIVANOVA PLC, a company registered in England with registered number 09451374 and having its registered office at 1 Fetter Lane, London,
EC4A 1BR (the “Company”); and 

  

	(2)	 ANDRÉ-MICHEL BALLESTER, residing at Chemin de Bellevue, 6, 1297 FOUNEX, Switzerland (the “Executive”).

 BACKGROUND 

The Company wishes to employ the Executive as Chief Executive Officer on the terms and conditions of this Agreement and the Executive wishes
to accept such employment. 
 IT IS AGREED as follows: 
  

	1.	 DEFINITIONS AND INTERPRETATION 

  

	1.1	 Definitions 

In this Agreement, unless the context otherwise requires: 

 

							
	 “Basic Salary”
	 	 means the salary, as specified in Clause 6.1.1 or, as appropriate, the reviewed annual salary from time to time;

		
	 “Board”
	 	 means the Board of directors of the Company from time to time or any duly authorised committee thereof, or where the relevant powers have been
reserved to the Company’s members, its members from time to time;

		
	 “Change of Control”
	 	 means:

			
		 	 (a)
	 	 the cessation of the power of a person to secure that the affairs of the Company are conducted in accordance with the wishes of that
person:

				
		 		 	 (i)
	 	 by means of the holding of shares, or the possession of voting power, in or in relation to the Company or any other body
corporate; or

				
		 		 	 (ii)
	 	 as a result of any powers conferred by the articles of association or any other document regulating the Company or any other body corporate; or

			
		 	 (b)
	 	 the acquisition by any person of the power referred to in (a) above.

		
	 “Compensation

Committee”
	 	 means the compensation committee appointed by the Board;

		
	 “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 (without prejudice to the foregoing generality) any information about the personal affairs of any of the directors
(or their families) of the

  
 1 

							
		 	 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);

		
	“Employment”	 	 means the employment of the Executive under this Agreement or, as the context requires, the duration of that employment;

		
	“Group”	 	 means together or separately the Company, any holding company of the Company and any subsidiaries and subsidiary undertakings of the Company or any
such holding company (and the words “subsidiary” and “holding company” shall have the meanings given to them in section 1159 of the Companies Act 2006 and “subsidiary undertaking” shall have the meaning given in section
1162 of the Companies Act 2006) from time to time;

		
	“Group Company”	 	 means any company within the Group;

		
	“Health Care Scheme”	 	 means the medical expenses insurance, permanent health insurance (“PHI”), critical illness insurance or other healthcare or
disability scheme(s) or arrangement(s) as may be provided or introduced from time to time by the Company (at the Company’s discretion) for the benefit of similarly situated executives in the Group;

		
	“Intellectual Property Rights”	 	 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, semiconductor 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;

		
	“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 Executive’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;

  
 2 

							
		
	“Share Incentives”	 	 means any options or other rights that the Executive may have to purchase, hold or otherwise acquire shares or rights in respect of or relating to
shares in the Company or a Group Company;

		
	“Termination Date”	 	 means the date of termination of the Employment;

		
	“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 Executive in the course of the Employment (and whether or not made or discovered in the course of the Employment) either alone or with any other person in
connection with or in any way affecting 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)	 words importing the whole shall be treated as including reference to any part of the whole; 

 

	 	(d)	 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; 

  

	 	(e)	 reference to this Agreement or to any other document is a reference to this Agreement or to that other document as modified, amended, varied,
supplemented, assigned, novated or replaced from time to time; 

  

	 	(f)	 reference to a provision of law is a reference to that provision as extended, applied, amended, consolidated or re-enacted or as the application
thereof is modified from time to time and shall be construed as including reference to any order, instrument, regulation or other subordinate legislation from time to time made under it; 

 

	 	(g)	 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; 

  

	 	(h)	 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 

  

	 	(i)	 the meaning of any words coming after “other” or “otherwise” shall not be constrained by the meaning of any words coming before
“other” or “otherwise where a wider construction is possible. 

  
 3 

	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.	 THE EMPLOYMENT 

  

	2.1	 Appointment 

The terms and effect of this Agreement are conditional on and shall only be effective upon the closing of the merger between
Sorin S.p.A. and Cyberonics, Inc. (“Closing”). If Closing does not occur, this Agreement will not come into effect and will not bind the parties. Subject to the provisions of this Agreement, the Company employs the Executive and the
Executive accepts employment as Chief Executive Officer of the Company with effect from Closing notwithstanding the date or dates of this Agreement. 
  

	2.2	 Work Permits and warranty 

  

	2.2.1	 The Executive warrants to the Company that by virtue of entering into this Agreement he will not be in breach of any express or implied obligation
to any third party, including any restrictive covenants. 

  

	2.2.2	 The Executive warrants that he is legally entitled to work in the United Kingdom and will throughout the Employment continue to hold a valid United
Kingdom work permit if appropriate. The Executive warrants that he will notify the Company in advance of any possible change to his immigration status, as soon as he becomes aware of any circumstances that might give rise to such change. Should the
Company discover that the Executive does not have permission to live and work in the United Kingdom or if any such permission is revoked, the Company reserves the right to terminate the Employment immediately and without notice or pay in lieu of
notice and without referring to the warning stages of the Company’s disciplinary procedure. 

  

	3.	 DURATION OF THE EMPLOYMENT 

  

	3.1	 Continuous Employment 

  

	3.1.1	 The Executive’s employment with the Company will commence on Closing, which is expected to take place on or around 19 October 2015. The
Executive’s previous employment with the Sorin Group, which began on 1 June 2004, counts towards the Executive’s period of continuous employment with the Company. 

 

	3.2	 Duration and Notice 

Subject to the provisions of Clauses 3.3 and 18.1, the Employment shall continue unless and until terminated at any time
by: 
  

	 	(a)	 the Company, which must give to the Executive not less than twelve months’ prior written notice of termination of the Employment; or

  

	 	(b)	 the Executive, who must give to the Company not less than twelve months’ prior written notice of termination of the Employment.

  
 4 

	3.3	 Payment in lieu of notice 

  

	3.3.1	 The Company shall be entitled, at its sole discretion, to terminate the Employment immediately at any time by giving the Executive notice in
writing. In these circumstances, subject to the terms of Clause 3.3.2, the Company will subsequently make a payment to the Executive in lieu of notice, calculated in accordance with the provisions of Clauses 3.3.3 and 3.3.4, (and 3.3.5 and
3.3.6 where applicable) (the payment being referred to as a “Notice Payment”). 

  

	3.3.2	 For the avoidance of doubt, the Company is not obliged to make a Notice Payment. If the Company shall decide not to make a Notice Payment, the
Executive shall not be entitled to enforce that payment as a contractual debt nor as liquidated damages. 

  

	3.3.3	 The Notice Payment will be paid less all deductions that are required or permitted by law to be made including in respect of income tax, national
insurance contributions and any sums due to the Company or any Group Company. 

  

	3.3.4	 Subject to the terms of Clause 3.3.5, Clause 3.3.6 and Clause 3.4, the Notice Payment will consist of a sum equivalent to the Basic
Salary and the Accommodation Allowances which the Executive would have received in respect of any notice period outstanding on the Termination Date, but will exclude any bonus, commission share of profit, pension contributions and any other benefits
(including any benefits derived from any Share Incentives) that he would have received or would have accrued to him during that period. 

  

	3.3.5	 If: 

  

	 	(a)	 the Executive’s employment is terminated by the Company in circumstances falling within Clause 6.3.4; and 

 

	 	(b)	 the termination takes place within six months of a Change of Control 

then the Executive will, in addition to his bonus entitlement accrued up to the Termination Date in accordance with
Clause 6.3.4, be entitled to receive a bonus in respect of any period in respect of which a Notice Payment is being made. 
  

	3.3.6	 The amount of bonus awarded in accordance with Clause 3.3.5 will be determined by the Compensation Committee taking into account the
achievement by the Company of any performance conditions that have been set in respect of the bonus. 

  

	3.3.7	 The Notice Payment is in full and final settlement of all and any rights and claims that the Executive may have against the Company arising out of
the termination of his employment (including both contractual and statutory employment claims but excluding claims in respect of Basic Salary accrued to the Termination Date and bonus entitlement pursuant to Clause 3.3.5 and/or
Clause 6.3.4, if either is applicable). The Executive agrees to waive, release and discharge any and all such rights and claims and acknowledges that it is a condition of the payment of the Notice Payment that he will execute a settlement
agreement (and any other documents reasonably required by the Company) in a form reasonably acceptable to the Company in order to give effect to the release and waiver in this Clause 3.3. 

 

	3.4	 Payment in instalments 

  

	3.4.1	 The Company may, at its sole discretion and subject to the terms of Clause 3.4.2, pay the Notice Payment in equal monthly instalments over a
period of twelve months (the “Instalment Period”), the first instalment payable at the end of the month in which the Termination Date occurs. 

  
 5 

	3.4.2	 If the Executive commences alternative employment during the Instalment Period then the gross instalments of Notice Payment payable after that date
will be reduced by a sum equal to the gross amount of the Executive’s income from the alternative employment. 

  

	3.4.3	 If the Executive obtains alternative employment that is to commence during the Instalment Period he will immediately advise the Company of that
fact and of his gross monthly salary from that employment. If the Executive fails to comply with this obligation, then from the date the Executive commences alternative employment, the Executive shall have no further entitlement to any payment of
Notice Payment. 

  

	4.	 HOURS AND PLACE OF WORK 

  

	4.1	 Hours of work 

The Executive agrees that he shall work normal business hours together with such additional hours as are necessary for the
proper performance of his duties. No payment will be made for any additional hours worked by the Executive. 
  

	4.2	 Working Time Regulations 

  

	4.2.1	 The Executive has autonomous decision making powers. The duration of his working time is not measured or predetermined. 

 

	4.3	 Place of work 

  

	4.3.1	 The Executive’s place of work will initially be at the Company’s offices at 5 Merchant Square, Paddington, London, W2 1AY but, subject to
the terms of Clause 4.3.2, the Company may require the Executive to work at any other location within or outside the UK for such periods as the Company may from time to time require. The Executive will be given reasonable notice of any change in his
permanent place of work. 

  

	4.3.2	 The Executive will not be required to be absent from the United Kingdom for a period exceeding one month at any one time. 

 

	5.	 SCOPE OF THE EMPLOYMENT 

  

	5.1	 Duties of the Executive 

During the Employment the Executive shall: 
  

	 	(a)	 undertake and carry out to the best of his ability such duties and exercise such powers in relation to the Group’s business as may from time
to time be assigned to or vested in him by the Board including where those duties require the Executive to work for any Group Company; 

  

	 	(b)	 in the discharge of those duties and the exercise of those powers observe and comply with all lawful resolutions, regulations and directions from
time to time made by, or under the authority of, the Board and promptly upon request, give a full account to the Board or a person duly authorised by the Board of all matters with which he is involved. He will provide the information in writing if
requested; 

  

	 	(c)	 comply with the Articles of Association (as amended from time to time) of any Group Company of which he is a director; 

 

	 	(d)	 ensure compliance with the UK Corporate Governance Code, as applicable from time to time; 

  
 6 

	 	(e)	 act in accordance with all statutory, fiduciary and common law duties that he owes to the Company and any Group Company; 

 

	 	(f)	 refrain from doing anything which would cause him to be disqualified from acting as a director; 

 

	 	(g)	 make reasonable endeavours to do, or refrain from doing, such things as are necessary or expedient to ensure compliance by himself and any Group
Company with applicable law and regulations and all other regulatory authorities relevant to any Group Company and any codes of practice issued by any Group Company (as amended from time to time); 

 

	 	(h)	 unless prevented by ill-health, holidays or other unavoidable cause, devote the whole of his working time, attention and skill to the discharge of
his duties under this Agreement; 

  

	 	(i)	 faithfully and diligently perform his duties and at all times use his best endeavours to promote and protect the interests of the Group;

  

	 	(j)	 promptly disclose to the Board full details of any wrongdoing by the Executive or any other employee of any Group Company of which the Executive is
aware and where that wrongdoing is material to that employee’s employment by the relevant company or to the interests or reputation of any Group Company; 

 

	 	(k)	 not incur on behalf of the Company or any Group Company any capital expenditure in excess of such sum as may be authorised from time to time by
resolution of the Board; and 

  

	 	(l)	 not enter into on behalf of the Company or any Group Company any commitment, contract or arrangement which is otherwise than in the normal course
of the Company’s or the relevant Group Company’s business or is outside the scope of his normal duties or authorisations or is of an unusual or onerous or long-term nature. 

 

	5.2	 Directorships and Directors and Officers insurance 

 

	5.2.1	 The Executive will be required to act as a director of the Company and may be required to act as a director of other Group Companies (either
executive or non-executive) as the Board requires from time to time. The Company reserves the right on giving written notice to the Executive to terminate any office of directorship immediately at any time. 

 

	5.2.2	 The Company shall for the duration of the Employment and 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 may incur as a director or officer of the Company or any Group Company and for which such insurance is normally available. The
terms of the insurance will be no less favourable than the insurance available to other similarly situated Executives. 

  

	5.3	 Right to suspend duties and powers 

  

	5.3.1	 The Company reserves the right in its absolute discretion to suspend all or any of the Executive’s duties and powers on terms it considers
expedient or to require him to perform only such duties, specific projects or tasks as are assigned to him expressly by the Company (including the duties of another position of equivalent status) in any case for such period or periods and at such
place or places (including, without limitation, the Executive’s home) as the Company in its absolute discretion deems necessary (the “Garden Leave”). During any period of Garden Leave the terms and conditions set out in this
Agreement shall continue to apply to the Executive. 

  
 7 

	5.3.2	 The Company may, at its sole discretion, require that during the Garden Leave the Executive shall not: 

 

	 	(a)	 enter or attend the premises of the Company or any Group Company; 

 

	 	(b)	 contact or have any communication with any client or prospective client or supplier of the Company or any Group Company in relation to the business
of the Company or any Group Company; 

  

	 	(c)	 contact or have any communication with any employee, officer, director, agent or consultant of the Company or any Group Company in relation to the
business of the Company or any Group Company; 

  

	 	(d)	 remain or become involved in any aspect of the business of the Company or any Group Company except as required by such companies; or

  

	 	(e)	 work either on his own account or on behalf of any other person. 

 

	5.3.3	 During Garden Leave, the Executive will continue to receive his Basic Salary and benefits but will not accrue any bonus, commission or share of
profit, save where Clause 6.3.3 applies. 

  

	5.3.4	 For the avoidance of doubt, the Company may exercise its powers under this Clause 5.3 at any time during the Employment including after notice
of termination has been given by either party. 

  

	5.4	 Joint appointments 

The Company shall be at liberty to appoint any other person or persons to act jointly with the Executive in any position to
which he may be assigned from time to time. 
  

	6.	 REMUNERATION 

  

	6.1	 Basic Salary 

  

	6.1.1	 During the Employment the Company shall pay the Executive a Basic Salary of not less than £575,000 per annum. The Basic Salary shall
accrue from day to day and be payable by credit transfer into a bank account (or, if requested by the Executive, two separate bank accounts) nominated by the Executive in equal monthly instalments in arrears on or around the last day of each
calendar month or otherwise as arranged from time to time. The Basic Salary will be paid less all deductions that are required by law to be made including in respect of income tax and national insurance contributions. 

 

	6.1.2	 The Basic Salary shall be inclusive of all director’s fees (if any) to which the Executive may become entitled including all remuneration and
director’s fees in respect of services rendered by the Executive to any Group Company. 

  

	6.2	 Salary review 

The Basic Salary shall be reviewed annually, the first review to take effect following the first Compensation Committee
quarterly meeting of each calendar year commencing in 2016, however the Compensation Committee is not obliged to increase the Basic Salary at any review. 

  
 8 

	6.3	 Discretionary bonus 

  

	6.3.1	 The Executive is eligible to receive an annual bonus in respect of each financial year of the Company (the “Bonus”). The target
amount of the Executive’s Bonus is a sum equal to 100% of his Basic Salary for that financial year. The terms and amount of this bonus (and whether it is paid in cash or in other forms, such as shares or share options) will be approved from
time to time and notified to the Executive by the Compensation Committee in its sole discretion. 

  

	6.3.2	 The actual amount of any Bonus payable, which may be greater or less than the target amount specified in Clause 6.3.1, will be determined by
reference to the Compensation Committee in its sole discretion and will be determined by the achievement of performance objectives, which may include Company and Group performance objectives, personal performance objectives, or a combination of
those objectives. The Compensation Committee will determine appropriate performance targets at the beginning of each financial year. The Bonus will be paid by the Company after receipt by it of the audited financial statements of the Company for the
financial year in question. 

  

	6.3.3	 Subject to the terms of Clause 6.3.4, the Bonus will only be paid if the Executive is in Employment (and has not received or served notice of
termination of employment) at the date the Bonus is due for payment. Upon the termination of the Executive’s employment or (if earlier) upon either party giving notice under Clause 3 or the Company exercising its rights under
Clause 18, the Executive will have no rights as a result of this Agreement or any alleged breach of it to any compensation under or in respect of any Bonus. 

 

	6.3.4	 If: 

  

	 	(a)	 the Employment is terminated by the Company for a reason other than as set out in Clause 18.1; or 

 

	 	(b)	 the Executive resigns in circumstances which are finally determined by a court of competent authority (including as applicable, an employment
tribunal) to constitute constructive dismissal (except as a result solely of a procedural irregularity) 

then the Executive will receive a pro-rated Bonus payment in respect of the period of the financial year to the Termination
Date (or the date upon which the Executive is suspended pursuant to clause 5.3 if earlier). 
  

	6.4	 Corporate Governance 

All payments and/or benefits payable to the Executive are subject to and conditional upon: (i) the terms of applicable
law, regulation and governance codes that regulate or govern executive pay from time to time; and (ii) the consent of the shareholders of the Company, as appropriate as determined by the Board (together “Remuneration
Governance”). The Company reserves the right to amend, reduce, hold back, defer, claw back and alter the structure of any payments and benefits payable to the Executive in order to comply with Remuneration Governance. 

 

	7.	 ACCOMMODATION, ALLOWANCES AND SERVICES 

  

	7.1	 Interim accommodation 

The Company will provide the Executive with hotel accommodation in London for a maximum period of three months from Closing
(the “Interim Period”). To the extent that this constitutes a benefit in kind, the Executive will be liable to income tax and National Insurance contributions where applicable. 

  
 9 

	7.2	 Relocation allowance 

  

	7.2.1	 Subject to Clauses 7.2.2 and 7.5, the Company will provide the Executive with an allowance of up to £50,000 in respect of reasonable
relocation expenses incurred when the Executive relocates to London permanently (the “Relocation Allowance”). 

  

	7.2.2	 The Relocation Allowance will be subject to deductions for income tax and National Insurance contributions where applicable. The Executive will not
be eligible to receive the Relocation Allowance unless he relocates to London within eighteen months of Closing. 

  

	7.3	 Relocation services 

For a period of eighteen months from Closing, the Company will provide the Executive with reasonable access to the services of
a relocation agency based in London to assist with the Executive’s permanent relocation to London. To the extent that this constitutes a benefit in kind, the Executive will be liable to income tax and National Insurance contributions where
applicable. 
  

	7.4	 Accommodation allowances 

  

	7.4.1	 Subject to Clauses 7.4.2, 7.4.3 and 7.5, the Company will provide the Executive with an allowance towards accommodation costs of up to
£80,000 per annum during the Interim Period and up to £150,000 per annum thereafter (the “Accommodation Allowances”). 

  

	7.4.2	 The Accommodation Allowances will be paid by the Company to the Executive in equal monthly instalments. The Accommodation Allowances are stated as
gross figures and will be subject to deductions for income tax and National Insurance contributions where applicable. 

  

	7.4.3	 The Accommodation Allowances do not form part of the Executive’s Basic Salary. The Company reserves the right to amend, reduce, alter or
withdraw the Accommodation Allowances as appropriate if the Company reasonably believes that the Accommodation Allowances are not being used for the purposes for which they were intended. 

 

	7.5	 Evidence required for allowances 

Payment of the Relocation Allowance and the Accommodation Allowances is conditional upon the provision of receipts or other
evidence of the expenses as the Company may require the Executive to produce. 
  

	8.	 EXPENSES 

  

	8.1	 Out-of-pocket expenses 

The Company shall reimburse to the Executive (against receipts or other appropriate evidence as the Board may require) the
amount of all out-of-pocket expenses reasonably and properly incurred by him in the proper discharge of his duties hereunder to the extent that such expenses are incurred in accordance with the Company’s business expenses policy from time to
time. 
  

	8.2	 Company credit/charge cards 

In the event that the Company issues a Company sponsored credit or charge card to the Executive he shall use such card only
for expenses reimbursable under Clause 8.1 and shall return it to the Company when so requested and in any event immediately on termination of the Employment howsoever arising. 

  
 10 

	9.	 DEDUCTIONS 

The Executive agrees that the Company may deduct from any sums due to him under this Agreement any sums due by him to the
Company including, without limitation, any debits to his Company credit or charge card not authorised by the Company, the Executive’s pension contributions (if any), any overpayments, loans or advances made to him by the Company, the cost of
repairing any damage or loss to the Company’s property caused by him and any losses suffered by the Company as a result of any negligence or breach of duty by the Executive. 

 

	10.	 COMPANY CAR 

  

	10.1	 Car allowance 

The Executive will be paid a monthly car allowance or provided with a car for business purposes in accordance with the
Company’s car allowance policy. The car allowance or car will be benefits in kind and subject to deduction of tax and National Insurance contributions. 
  

	11.	 PENSION SCHEME 

  

	11.1	 The Scheme 

  

	11.1.1	 The Executive is eligible to join the Company’s pension scheme (the “Scheme”), subject to its rules in force from time to
time. Details of the Scheme are available from the Company. Pursuant to the Scheme, the Company will make an annual contribution to the Scheme in respect of the Executive. The contribution shall be paid to the Scheme at such time or times during the
year as the Company shall decide at its discretion. The level of annual contribution shall be no less favourable than the level of annual contribution being made in respect of the Executive immediately prior to Closing. 

 

	11.1.2	 When the Company becomes subject to the employer duties in the Pensions Act 2008, the Company reserves the right to amend the Executive’s
pension arrangements in place in its absolute discretion. The Company will inform the Executive of any changes to his pension arrangements at that time. 

  

	11.1.3	 A copy of the current explanatory booklet giving details of the Scheme is available from the HR department. 

 

	11.1.4	 The Scheme is not a contracted-out scheme for the purposes of the Pension Schemes Act 1993. 

 

	11.2	 Company’s right to amend and terminate 

  

	11.2.1	 The Company may at any time terminate the Scheme or the Executive’s membership of it subject to providing him with membership of an equivalent
pension scheme. 

  

	12.	 OTHER INSURANCE & BENEFITS 

  

	12.1	 Health Care Scheme 

Without prejudice to the terms of Clauses 3 and 18, the Executive (and his spouse and children in respect of private medical
insurance) shall be entitled during the Employment, to participate in any Health Care Scheme subject to the following terms and conditions: 
  

	 	(a)	 the Executive’s (and his family’s participation as applicable) is subject to the Company’s rules regarding eligibility and the
rules, terms and conditions of the relevant Scheme, both in force from time to time, copies of which shall be available from Human Resources; 

  
 11 

	 	(b)	 the Company reserves the right to terminate the Executive’s (or his family’s, as applicable) or the Company’s participation in any
of the Schemes, substitute a new scheme for an existing Scheme and/or alter the level or type of benefits available under any Scheme; 

  

	 	(c)	 if a scheme provider (e.g. an insurance company or pensions provider) refuses for any reason (whether under its own interpretation of the rules,
terms and conditions of the relevant insurance policy or otherwise) to accept a claim and/or provide the relevant benefit(s) to the Executive (or his family) under the applicable Scheme, the Company shall not be liable to provide (or compensate the
Executive for the loss of) such benefit(s) nor shall it be obliged to take action against the provider to enforce any rights under the Scheme; 

  

	 	(d)	 the fact that the termination of the Employment under Clauses 3 and 18 may result in the Executive or his family ceasing to be eligible to receive
or continue to receive benefits under any Scheme does not remove the Company’s right to terminate the Employment; and 

  

	 	(e)	 the Executive’s acceptance of such variations to his terms and conditions of employment as may from time to time be required by the Company.

  

	12.1.2	 The Health Care Schemes available to the Executive shall be no less favourable than any similar schemes available to the Executive immediately
prior to Closing. 

  

	12.2	 Payments 

  

	12.2.1	 All payments under the Schemes will be subject to the deductions required by law. 

 

	12.2.2	 Where payments are made under a PHI scheme or critical illness scheme, all other payments or benefits provided to or in respect of the Executive
will cease from the start of those payments (if they have not done so already), unless the Company is fully reimbursed by the relevant insurance provider for the cost of providing the benefit. 

 

	12.3	 Medical examinations 

At any reasonable time during the Employment the Company may require the Executive to undergo a medical examination by a
medical practitioner appointed by the Company and at the Company’s expense. The Executive will consent to such examination and to the results being made available to the Company. 

 

	13.	 HOLIDAYS 

  

	13.1	 The holiday year 

The Company’s holiday year runs from 1st January to 31st December. 

 

	13.2	 Annual entitlement 

  

	13.2.1	 The Executive’s annual entitlement to paid holidays is to those public or customary holidays recognised by the Company in any holiday year of
which there are eight in total and in addition 24 contractual days holiday. In addition, the Executive shall be entitled to one additional day of holiday per year of continuous service (assessed as at 1st January each year) up to a maximum of 5
additional days. 

  

	13.2.2	 Entitlement to contractual holidays is accrued pro rata throughout the holiday year. The Executive will be entitled to take public and customary
holidays on the days that they are recognised by the Company during the holiday year. 

  

	13.2.3	 The Executive is not entitled to carry any unused holiday entitlement forward to the next holiday year without the permission of the Company.

  
 12 

	13.3	 Holiday entitlement on termination 

  

	13.3.1	 Upon notice of termination of the Employment being served by either party, the Company may require the Executive to take any unused holidays
accrued in the holiday year in which the termination takes place at that time during any notice period. Alternatively, the Company may, at its discretion, on termination of the Employment, make a payment in lieu of accrued contractual holiday
entitlement. 

  

	13.3.2	 The Executive will be required to make a payment to the Company in respect of any holidays taken in excess of his holiday entitlement accrued at
the Termination Date. Any sums so due may be deducted from any money owing to the Executive by the Company. 

  

	14.	 ABSENCE 

  

	14.1	 Absence due to sickness or injury 

  

	14.1.1	 If the Executive is absent from work due to sickness or injury he shall: 

 

	 	(a)	 immediately inform the Company of his sickness or injury; and 

 

	 	(b)	 In respect of absence due to sickness, injury or accident that continues for more than 7 consecutive days (including weekends) the Executive must
provide the Company with a note of fitness to work stating the reason for the absence. Thereafter notes of fitness to work must be provided to the Company to cover the remainder of the period of continuing sickness
absence.

  

	14.1.2	 Failure to follow the requirements referred to in Clause 14.1.1 may result in disciplinary action and loss of Statutory Sick Pay and/or Company
Sick Pay pursuant to Clause 14.2. 

  

	14.2	 Payment of salary during absence 

  

	14.2.1	 Subject to the Executive complying with the terms of Clause 14.1.1, the Company will continue to pay Basic Salary and usual benefits during any
period of absence due to sickness or injury for up to a maximum of six months in any period of twelve consecutive months (the twelve month period being referred to as the “Entitlement Period”) unless the Employment is terminated in
terms of Clauses 3 or 18. The first Entitlement Period will begin on the first day of absence and any subsequent Entitlement Period will start on the first day of any absence occurring outside an enduring Entitlement Period. 

 

	14.2.2	 Payment of the Basic Salary in terms of Clause 14.2.1 shall be made less: 

 

	 	(a)	 an amount equivalent to any Statutory Sick Pay payable to the Executive; 

 

	 	(b)	 any sums which may be received by the Executive under any insurance policy effected by the Company; and 

 

	 	(c)	 any other benefits or sums which the Executive receives, such as under a PHI or other insurance scheme, in terms of the Employment or under any
relevant legislation. 

  

	14.3	 Absence caused by third party negligence 

If the Executive’s absence is caused by the negligence of a third party in respect of which damages are recoverable, then
all sums paid by the Company during the period of absence in terms of Clause 14.2 shall constitute loans to the Executive who shall: 
  

	 	(a)	 notify the Company immediately of all the relevant circumstances and of any claim, compromise, settlement or judgment made or awarded; and

  
 13 

	 	(b)	 if the Company so requires, refund to it an amount determined by the Company, not exceeding the lesser of: 

 

	 	(i)	 the amount of damages recovered by him in respect of loss of earnings during the period of absence under any compromise, settlement or judgment;
and 

  

	 	(ii)	 the sums advanced to him by the Company in respect of the period of incapacity. 

 

	15.	 RESTRICTIONS DURING EMPLOYMENT 

  

	15.1	 Disclosure of other interests 

The Executive shall disclose to the Board any interest of his own (or that of his partner or of any child of his or of his
partner under eighteen years of age): 
  

	 	(a)	 in any trade, business or occupation whatsoever which is in any way similar to any of those in which the Company or any Group Company is involved;
and 

  

	 	(b)	 in any trade, business or occupation carried on by any supplier or customer of the Company or any Group Company whether or not such trade, business
or occupation is conducted for profit or gain. 

  

	15.2	 Restrictions on other activities and interests of the Executive 

 

	15.2.1	 During the Employment the Executive shall not at any time, without the prior written consent of the Board, either alone or jointly with any other
person, carry on or be directly or indirectly employed, engaged, concerned or interested in any business, prospective business or undertaking other than a Group Company. Nothing contained in this Clause 15.2.1 shall preclude the Executive from being
a Minority Holder unless the holding is in a company that is a direct business competitor of the Company or any Group Company in which case, the Executive shall obtain the prior consent of the Board to the acquisition or variation of such holding.

  

	15.2.2	 If the Executive, with the consent of the Board, accepts any other appointment he must keep the Company accurately informed of the amount of time
he spends working under that appointment. 

  

	15.3	 Transactions with the Company 

Subject to any regulations issued by the Company, the Executive shall not be entitled to receive or obtain directly or
indirectly any discount, rebate, commission or any other form of gift or gratuity (any of these referred to as a “Gratuity”) as a result of the Employment or any sale or purchase of goods or services effected or other business
transacted (whether or not by him) by or on behalf of the Company or any Group Company and if he (or any person in which he is interested) obtains any Gratuity he shall account to the Company for the amount received by him (or a due proportion of
the amount received by the person having regard to the extent of his interest therein). 
  

	15.4	 Dealing in securities 

The Executive shall comply with every rule of law (including but not limited to the insider dealing provisions contained in
Part V of the Criminal Justice Act 1993), the UK Financial Conduct Authority’s listing rules’ Model Code for transactions in securities by directors of 

  
 14 

 
listed companies, certain employees and persons connected with them and every regulation of the Company for the time being in force in relation to dealings in shares or other securities of the
Company or any Group Company. Under Rule 4 of the Model Code, the person to whom notice should be given and from whom acknowledgement must be received before the Executive may deal in securities shall be the Company Secretary of the Company from
time to time or such other person as shall be notified to the Executive. The Executive also acknowledges that under the provisions of the Model Code the Executive must seek to ensure compliance with the Model Code by persons connected with the
Executive (within the meaning of section 96B and Schedule 11B of the Financial Services and Markets Act 2000) including, without limitation, the Executive’s spouse and dependent children, and by investment managers acting on the
Executive’s behalf or on behalf of connected persons. The Executive undertakes to procure that dealings by or on behalf of such persons are in compliance with the Model Code. 

 

	15.5	 Compliance with the code on Corporate Governance 

The Executive shall comply, to the extent that the Board considers appropriate for a company the size of the Company, with the
provisions of “The UK Corporate Governance Code” a corporate governance code issued by the Financial Reporting Council (as amended from time to time). 
  

	16.	 CONFIDENTIALITY AND COMPANY DOCUMENTS 

  

	16.1	 Restrictions on disclosure and use of Confidential Information 

The Executive must not either during the Employment (except in the proper performance of his duties) 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 Executive 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 Executive. 

 

	16.2	 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 Executive 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 Executive to the Company or the relevant Group Company or client on demand by the Company and in any event on the
termination of the Employment; 

  
 15 

 provided that following the termination of the Employment, the Executive shall be
provided with reasonable access to Board Minutes and agendas of the Company or any Group Company relating to a period during which he was a director of the Company or such Group Company that shall nevertheless remain confidential. 

 

	17.	 INVENTIONS AND OTHER WORKS 

  

	17.1	 Executive to further interests of the Company 

The Company and the Executive agree that the Executive may make or create Works during the Employment and agree that in this
respect the Executive is obliged to further the interests of the Company and any Group Company. 
  

	17.2	 Disclosure and ownership of Works 

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

 

	17.3	 Protection, registration and vesting of Works 

The Executive shall immediately on request by the Company (whether during or after the Employment) 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. 

  

	17.4	 Waiver of rights by the Executive 

The Executive 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: 
  

	 	(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. 

 

	17.5	 Power of Attorney 

The Executive 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 Executive agrees 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. 

  
 16 

	17.6	 Statutory rights 

Nothing in this Clause 17 shall be construed as restricting the rights of the Executive or the Company under sections 39 to 43
Patents Act 1977. 
  

	18.	 TERMINATION 

  

	18.1	 Termination events 

Notwithstanding any other provision of this Agreement, the Company shall be entitled, but not bound, to terminate the
Employment with immediate effect by giving to the Executive notice in writing at any time after the occurrence of any one or more of the following events: 
  

	 	(a)	 if the Executive is guilty of any gross misconduct or behaviour which tends to bring himself or the Company or any Group Company into disrepute; or

  

	 	(b)	 if the Executive commits any material or persistent breach of this Agreement (in the case of a non-material persistent breach, having been given
notice in writing of the breach and a reasonable opportunity to rectify the breach) or fails to comply with any reasonable order or direction of the Board; or 

 

	 	(c)	 if the Executive fails to perform his duties to the reasonable satisfaction of the Board (having been given notice in writing of: (i) the
areas of underperformance, (ii) the improvements in performance that are reasonably required by the Board; and (iii) a reasonable period of time to make the necessary improvements in performance; or 

 

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

 

	 	(e)	 if his 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); or 

 

	 	(f)	 if he has an order made against him disqualifying him from acting as a company director; or 

 

	 	(g)	 if he becomes of unsound mind; or 

  

	 	(h)	 if the Executive is found guilty of a serious breach of the rules or regulations as amended from time to time of the UK Listing Authority
(including the Model Code for transactions in securities by directors), or any other regulatory authority relevant to the Company or any Group Company or any code of practice issued by the Company or any Group Company (as amended from time to time).

  

	18.2	 Company’s right to proceed 

While the Company will endeavour to deal fairly with allegations against the Executive, it reserves the right to proceed under
Clause 18.1 without prior notice and without holding a hearing or inviting any representations from the Executive. 

  
 17 

	18.3	 Termination on resignation as director 

If the Executive resigns as a director of the Company or any Group Company (otherwise than at the request of the Company), he
shall be deemed to have terminated the Employment with effect from the date of his resignation and the Employment shall terminate at that time, unless the Company agrees with the Executive that the Employment should continue, in which case the
Employment may be subject to any terms and conditions stipulated by the Company in its absolute discretion. 
  

	18.4	 No damages or payment in lieu of notice 

In the event of the Employment being terminated pursuant to Clause 18.1 or 18.3, the Executive shall not be entitled to
receive any payment in lieu of notice nor make any claim against the Company or any Group Company for damages for loss of office or termination of the Employment. Regardless of this, the termination shall be without prejudice to the continuing
obligations of the Executive under this Agreement. 
  

	19.	 EVENTS UPON TERMINATION 

  

	19.1	 Obligations upon termination 

Immediately upon the termination of the Employment howsoever arising or immediately at the request of the Board at any time
after either the Company or the Executive has served notice of termination of the Employment, the Executive shall: 
  

	 	(a)	 deliver to the Company all Works, materials within the scope of Clause 16.2 and all other materials and property including credit or charge cards,
mobile telephone, computer equipment, disks and software, passwords, encryption keys or the like, keys, security pass, letters, stationery, documents, files, films, records, reports, plans and papers (in whatever format including electronic) and all
copies thereof used in or relating to the business of the Company or the Group which are in the possession of or under the control of the Executive; 

  

	 	(b)	 resign (without claim for compensation) as a director and from all other offices held by him in the Company or any Group Company or otherwise by
virtue of the Employment. For the avoidance of doubt, such resignations shall be without prejudice to any claims the Executive may have against the Company or any Group Company arising out of the termination of the Employment; and

  

	 	(c)	 transfer without payment, to the Company, or as the Company may direct, any shares or other securities held by the Executive as nominee or trustee
for the Company or any Group Company; 

 and should the Executive fail to do so the Company is hereby
irrevocably authorised to appoint some person to sign any documents and/or do all things in his name and on his behalf necessary to give effect thereto, 
  

	19.2	 Loss of Share Incentives 

On the termination of the Employment (howsoever arising), the Executive shall not be entitled to any compensation or payment
for the loss of any Share Incentives that lapse pursuant to the terms of the award agreement that the particular Share Incentives were granted under. 

  
 18 

	20.	 RESTRICTIONS AFTER TERMINATION 

  

	20.1	 Definitions 

Since the Executive is likely to obtain Confidential Information in the course of the Employment and personal knowledge of and
influence over suppliers, customers, clients and employees of the Company and Group Companies, the Executive hereby agrees with the Company that in addition to the other terms of this Agreement and without prejudice to the other restrictions imposed
upon him by law, he will be bound by the covenants and undertakings contained in Clauses 20.2 to 20.5. In this Clause 20, unless the context otherwise requires: 
  

									
		 	“Customer”	 	 means any person to which the Company distributed, sold or supplied Restricted Products or Restricted Services during the Relevant Period and with
which, during that period either the Executive, or any employee under the direct or indirect supervision of the Executive, had material dealings in the course of the Employment, but always excluding therefrom, any division, branch or office of such
person with which the Executive and/or any such employee had no dealings during that period;

			
		 	“Prospective Customer”	 	 means any person with which the Company had discussions during the Relevant Period regarding the possible distribution, sale or supply of Restricted
Products or Restricted Services and with which during such period the Executive, or any employee who was under the direct or indirect supervision of the Executive, had material dealings in the course of the Employment, but always excluding therefrom
any division, branch or office of that person with which the Executive and/or any such employee had no dealings during that period;

			
		 	“Relevant Period”	 	 means: (i) where the Employment is continuing, the period of the Employment; and (ii) where the Employment has terminated, the period of twelve
months immediately preceding the Termination Date;

			
		 	“Restricted Area”	 	 means:

					
		 		 		 	 (c)
	  	 the United Kingdom; and

					
		 		 		 	 (d)
	  	 any other country in the world where, on the Termination Date, the Company dealt in Restricted Products or Restricted Services;

			
		 	“Restricted Employee”	 	 means any person who was a director, employee or consultant of the Company at any time within the Relevant Period who by reason of that position and
in particular his seniority and expertise or knowledge of Confidential Information or knowledge of or influence over the clients, customers or contacts of the Company is likely to cause damage to the Company if he were to leave the employment of the
Company and become employed by a competitor of the Company;

			
		 	“Restricted Period”	 	 means the period commencing on the Termination Date and, subject to the terms of Clause 20.4, continuing for twelve months;

			
		 	“Restricted Products”	 	 means any product, device, equipment or machinery researched into, developed, manufactured, supplied, marketed, distributed or sold by the Company
and with which the duties of the Executive were materially concerned or for which he was

  
 19 

					
		 		  	 responsible during the Relevant Period, or any products, equipment or machinery of the same type or materially similar to those products, equipment or
machinery;

			
		 	“Restricted Services”	  	 means any services (including but not limited to technical and product support, technical advice and customer services) researched into, developed or supplied
by the Company and with which the duties of the Executive were materially concerned or for which he was responsible during the Relevant Period, or any services of the same type or materially similar to those services;

			
		 	“Supplier”	  	 means any supplier, agent, distributor or other person who, during the Relevant Period was in the habit of dealing with the Company and with which, during that
period, the Executive, or any employee under the direct or indirect supervision of the Executive, had material dealings in the course of the Employment.

  

	20.2	 Restrictive covenants 

Both during the Employment and during the Restricted Period, the Executive will not, without the prior written consent of the
Company (such consent not to be unreasonably withheld), whether by himself, through his employees or agents or otherwise and whether on his own behalf or on behalf of any person, directly or indirectly: 

 

	 	(a)	 so as to compete with the Company, solicit business from or canvas any Customer or Prospective Customer in respect of Restricted Products or
Restricted Services; 

  

	 	(b)	 so as to compete with the Company, accept orders from, act for or have any business dealings with, any Customer or Prospective Customer in respect
of Restricted Products or Restricted Services; 

  

	 	(c)	 within the Restricted Area, be employed or engaged or at all interested (except as a Minority Holder) in that part of a business or person which is
involved in the business of researching into, developing, manufacturing, distributing, selling, supplying or otherwise dealing with Restricted Products or Restricted Services, if the business or person is or seeks to be in competition with the
Company. For the purposes of this sub-Clause, acts done by the Executive outside the Restricted Area shall nonetheless be deemed to be done within the Restricted Area where their primary purpose is to distribute, sell, supply or otherwise deal with
Restricted Products or Restricted Services in the Restricted Area; 

  

	 	(d)	 solicit or induce or endeavour to solicit or induce any person who was a Restricted Employee (and with whom the Executive had direct dealings
during the Relevant Period) to cease working for or providing services to the Company, whether or not any such person would thereby commit a breach of contract; 

 

	 	(e)	 employ or otherwise engage any Restricted Employee (and with whom the Executive had direct dealings during the Relevant Period) in the business of
researching into, developing, manufacturing, distributing, selling, supplying or otherwise dealing with Restricted Products or Restricted Services if that business is, or seeks to be, in competition with the Company; or 

 

	 	(f)	 solicit or induce or endeavour to solicit or induce any Supplier to cease to deal with the Company and shall not interfere in any way with any
relationship between a Supplier and the Company. 

  
 20 

	20.3	 Application of restrictive covenants to other Group Companies 

Clause 20.2 shall also apply as though references to the “Company” in Clauses 20.1 and 20.2 include
references to each Group Company in relation to which the Executive has in the course of the Employment or by reason of rendering services to or holding office in such Group Company: 

 

	 	(a)	 acquired knowledge of its products, services, trade secrets or Confidential Information; or 

 

	 	(b)	 had personal dealings with its Customers or Prospective Customers; or 

 

	 	(c)	 supervised directly or indirectly employees having personal dealings with its Customers or Prospective Customers; 

but so that references to the “Company” shall for this purpose be deemed to be references to the relevant
Group Company. The obligations undertaken by the Executive pursuant to this Clause 20.3 shall, with respect to each Group Company, constitute a separate and distinct covenant in favour of and for the benefit of each Group Company and which shall be
enforceable either by the particular Group Company or by the Company on behalf of the Group Company and the invalidity or unenforceability of any such covenant shall not affect the validity or enforceability of the covenants in favour of any other
Group Company. 
  

	20.4	 Effect of suspension on Restricted Period 

If the Company exercises its right to suspend the Executive’s duties and powers under Clause 5.3 after notice of
termination of the Employment has been given, the aggregate of the period of the suspension and the Restricted Period shall not exceed twelve months and if the aggregate of the two periods would exceed twelve months, the Restricted Period shall be
reduced accordingly. 
  

	20.5	 Further undertakings 

The Executive hereby undertakes to the Company that he will not at any time: 

 

	 	(a)	 during the Employment or after the Termination Date engage in any trade or business or be associated with any person engaged in any trade or
business using any trading names used by the Company or any Group Company including the name(s) or incorporating the word(s) “LivaNova”, “Cyberonics” or “Sorin”; 

 

	 	(b)	 after the Termination Date make any public statement in relation to the Company or any Group Company or any of their officers or employees without
the consent of the Board; or 

  

	 	(c)	 after the Termination Date represent or otherwise indicate any association or connection with the Company or any Group Company or for the purpose
of carrying on or retaining any business represent or otherwise indicate any past association with the Company or any Group Company. 

  

	20.6	 Severance 

The restrictions in this Clause 20 (on which the Executive has had the opportunity to take independent advice, as the
Executive hereby acknowledges) are separate and severable restrictions and are considered by the parties to be reasonable in all the circumstances. It is agreed that if any such restrictions, by themselves, or taken together, 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 relevant restriction or restrictions shall
apply with such deletion(s) as may be necessary to make it or them valid and enforceable. 

  
 21 

	21.	 RECONSTRUCTION AND AMALGAMATIONS 

If the Company undergoes any process of reconstruction or amalgamation (whether or not involving the liquidation of the
Company) and the Executive is offered employment by the successor or proposed successor to the Company or any Group Companies on terms which as a whole are no less favourable than those under this Agreement whether as to duties, responsibilities,
remuneration or otherwise and the Executive does not accept the offer within one month of it being made, then the Executive shall have no claim against the Company or the successor to the Company in respect of termination of this Agreement and the
Employment. 
  

	22.	 DISCIPLINARY AND GRIEVANCE PROCEDURE 

  

	22.1	 Disciplinary procedures and grievance procedures 

 

	22.1.1	 Any disciplinary action taken in connection with the Employment will usually be taken in accordance with the Company’s normal disciplinary
procedures (which are workplace rules and not contractually binding) a copy of which is available from Human Resources. 

  

	22.1.2	 If the Executive wishes to obtain redress of any grievance relating to the Employment or is dissatisfied with any reprimand, suspension or other
disciplinary step taken by the Company, he should follow the procedures set out in the Company’s grievance policy, a copy of which is available from Human Resources. 

 

	23.	 GENERAL 

  

	23.1	 Provisions which survive termination 

Any provision of this Agreement which is expressed or intended to have effect on, or to continue in force after, the
termination of this Agreement shall have such effect, or, as the case may be, continue in force, after such termination. 
  

	23.2	 No collective agreements 

There are no collective agreements that directly affect the terms and conditions of the Employment. 

 

	24.	 DATA PROTECTION AND PRIVACY 

  

	24.1	 Data Protection 

The Executive acknowledges and agrees that the Company is permitted to hold personal information (including sensitive personal
data) about the Executive as part of its personnel and other business records and may use such information in the course of the Company’s or the Group’s business. The Executive agrees that the Company may disclose such information to third
parties 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 Group Company. This Clause 24.1 applies to information held, used or disclosed in any medium. 

 

	24.2	 Privacy 

All communications, whether by telephone, email, fax, or any other means, which are transmitted, undertaken or received using
the Company’s IT or communications systems (“Company Systems”) or on Company premises will be treated by the Company as work 

  
 22 

 
related. The Company Systems are provided for work use only. The Company may intercept, record and monitor all communications made by the Executive and his use of the Company Systems, without
further notice. The Executive should not regard any communications or use as being private. 
  

	25.	 AMENDMENTS, WAIVERS AND REMEDIES 

  

	25.1	 Amendments 

No amendment or variation of this Agreement or any of the documents referred to in it (other than an alteration in the Basic
Salary) shall be effective unless it is in writing and signed by or on behalf of each of the parties. 
  

	25.2	 Waivers and remedies cumulative 

  

	25.2.1	 The rights of each party under this Agreement: 

  

	 	(a)	 may be exercised as often as necessary; 

  

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

 

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

  

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

 

	25.2.3	 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. 

  

	26.	 ENTIRE AGREEMENT 

  

	26.1.1	 This Agreement and the documents referred to in it constitute the entire agreement and understanding of the parties and supersede and extinguish
all previous agreements (including any agreement between the Executive and any Sorin Group entity), promises, assurances, warranties, representations and understandings between the parties, whether written or oral, relating to the subject matter of
this Agreement. 

  

	26.1.2	 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. 

  

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

  

	26.1.4	 Nothing in this Clause shall limit or exclude any liability for fraud. 

 

	27.	 NO OUTSTANDING CLAIMS 

The Executive hereby acknowledges that as at Closing, he has no outstanding claims of any kind against the Company or any
Group Company (other than in respect of remuneration and expenses due to the date of this Agreement but not yet paid). 
  

	28.	 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. 

  
 23 

	29.	 NOTICE 

  

	29.1	 Notices and deemed receipt 

Any notice hereunder shall be given by either party to the other either personally to the Executive or the Company Secretary
(as appropriate) or sent in the case of the Company, to its registered office for the time being and, in the case of the Executive, to his address last known to the Company. 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 facsimile transmission. 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; 

 

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

 

	 	(d)	 in the case of fax or 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. 
  

	30.	 GOVERNING LAW AND JURISDICTION 

  

	30.1	 Governing law 

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

 

	30.2	 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. 

  
 24 

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

					
	 EXECUTED as a Deed
	 	 /s/ Daniel J. Moore
	 	
	 by LIVANOVA PLC
	 	 Director
	 	
	 acting by Daniel J. Moore
  

and David S. Wise
	 	 /s/ David S. Wise
	 	
		 	 Witness
	 	
			
	 Full Name:
	 	 David S. Wise
	 	
			
	 Address:
	 	 11922 Homewood Ln
	 	
			
		 	 Houston, TX 77024-5004
	 	
			
		 	  
	 	
			
	 EXECUTED as a Deed
	 		 	
	 By ANDRÉ-MICHEL BALLESTER
	 	 /s/ André-Michel Ballester
	 	
	 in the presence of:
	 		 	
			
	 Witness’s
	 		 	
			
	 Signature:
	 	 /s/ Sabrina Manenti
	 	
			
	 Full Name:
	 	 Sabrina Manenti
	 	
			
	 Address:
	 	 Via Matteott, 45/48
	 	
			
		 	 Arese 20020, Milan, Italy
	 	
			
		 	  
	 	

  
 25

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