Common use of JDSU MSU Awards Held by Lumentum Group Employees Clause in Contracts

JDSU MSU Awards Held by Lumentum Group Employees. At the Effective Time, each outstanding JDSU MSU Award held by a Lumentum Group Employee shall be converted into a performance unit award with respect to Holdings Shares, outstanding under the Holdings Equity Plan, and shall be adjusted as follows (a “Holdings MSU Award”): (i) the target number of Holdings Shares (rounded down to the nearest whole share) subject to the Holdings MSU Award will equal (A) the target number of JDSU Shares subject to such JDSU MSU Award immediately before the Effective Time multiplied by (B) the Holdings Ratio. (ii) the vesting and performance goals of each Holdings MSU Award shall be adjusted as determined by the Holdings Board.

JDSU MSU Awards Held by Lumentum Group Employees. At the Effective Time, each outstanding JDSU MSU Award held by a Lumentum Group Employee shall be converted into a performance unit award with respect to Holdings Shares, outstanding under the Holdings Equity Plan, and shall be adjusted as follows (a “Holdings MSU Award”): (i) the target number of Holdings Shares (rounded down to the nearest whole share) subject to the Holdings MSU Award will equal (A) the target number of JDSU Shares subject to such JDSU MSU Award immediately before the Effective Time multiplied by (B) the Holdings Ratio. (ii) the vesting and performance goals of each Holdings MSU Award shall be adjusted as determined by the Holdings JDSU Board.