Common use of Restricted Share Units and Performance Share Units Clause in Contracts

Restricted Share Units and Performance Share Units. As of the Effective Time, and as determined by the LGP Board pursuant to its authority granted under the applicable share incentive plan of LGP, each restricted share unit with respect to shares of LiLAC Ordinary Shares (whether vested, partially vested or fully vested) (an “Outstanding LiLAC RSU”) will automatically be cancelled and replaced with a restricted share unit with respect to the same number and class of Splitco Common Shares (a “Splitco RSU”) as the number and class of shares subject to the Outstanding LiLAC RSU. Except as described herein, Splitco RSUs will otherwise be subject, in all material respects, to the same terms and conditions (including the vesting terms thereof) as those applicable to LiLAC RSUs immediately prior to the Effective Time. From the Effective Time, Splitco agrees to perform the obligations of LGP with respect to each restricted share unit with respect to LiLAC Ordinary Shares that is subject to performance conditions and that is outstanding at the Effective Time (an “Outstanding LiLAC PSU”), and as provided in the Splitco Transitional Plan, at the time that the level of performance achievement is determined for the Outstanding LiLAC PSUs, such Outstanding LiLAC PSUs will automatically be cancelled and replaced with Splitco RSUs with the same number and class of shares subject to the earned portion of the Outstanding LiLAC PSUs.

Restricted Share Units and Performance Share Units. As of the Effective Time, and as determined by the LGP Board pursuant to its authority granted under the applicable share incentive plan of LGP, each restricted share unit with respect to shares of LiLAC Ordinary Shares (whether vested, partially vested or fully vested) (an “Outstanding LiLAC RSU”) will automatically be cancelled and replaced with a restricted share unit with respect to the same number and class of Splitco Common Shares (a “Splitco RSU”) as the number and class of shares subject to the Outstanding LiLAC RSU. Except as described herein, Splitco RSUs will otherwise be subject, in all material respects, to the same terms and conditions (including the vesting terms thereof) as those applicable to LiLAC RSUs immediately prior to the Effective Time. From As provided in the Effective TimeSplitco Transitional Plan, Splitco agrees to perform at the obligations time that the level of LGP with respect to performance achievement is determined for each restricted share unit with respect to LiLAC Ordinary Shares that is subject to performance conditions and that is outstanding at the Effective Time (an “Outstanding LiLAC PSU”), and as provided in the Splitco Transitional Plan, at the time that the level of performance achievement is determined for the Outstanding LiLAC PSUs, such Outstanding LiLAC PSUs will automatically be cancelled and replaced with Splitco RSUs with the same number and class of shares subject to the earned portion of the Outstanding LiLAC PSUs.