technicolor - 2019 Universal registration document

6 FINANCIAL STATEMENTS EMPLOYEES BENEFITS

2019 LONG-TERM INCENTIVE PLAN (LTIP) The Shareholders’ Meeting of June 14, 2019, in its twentieth resolution, authorized the Board of Directors to proceed with the allocation of existing shares or shares to be issued, in favor of the Group’s employees or certain categories of employees. This authorization has been given for a 12-month period and is valid until June 13, 2020. The shares to be issued pursuant to this authorization shall not give rights to a total of shares greater than 3,000,000. Asking use of this authorization, the Board of Directors approved on June 14, 2019, the implementation of 2019 Long-Term Incentive Plan.

This three-year plan provides conditional rights to the beneficiaries to receive Performance Shares, the delivery of which is subject to the satisfaction of a continued employment condition through June 14, 2022. As of December 31, 2019, the outstanding share rights under the plan amounts to 2,609,306 performance shares rights. As of December 31, 2019, the total number of outstanding stock options amounted to a maximum of 9,853,731 options and the total number of rights to receive shares amounted to 6,471,026 rights granted to employees and Directors.

TECHNICOLOR UNIVERSAL REGISTRATION DOCUMENT 2019 282