technicolor - 2020 Universal Registration Document

4 CORPORATE GOVERNANCE AND COMPENSATION COMPENSATION

Characteristics of the LTIP – Presence condition Cases of forfeiture

Beneficiary of Performance Shares who would leave the Group before the expiration of the vesting period of at least three years. Case of legal premature exit (including cases of death, disability, retirement, termination without cause) and other customary exceptions decided upon by the Board of Directors.

Exceptions

The plan prevents beneficiaries who are members of the Executive Committee from using hedging instruments for the performance shares and requires that they retain a significant number of shares up until the termination of their positions within the Group.

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