Danone // 2020 Universal Registration Document

corporate governance 6.4 Detailed information on long-term compensation plans DANONE UNIVERSAL REGISTRATION DOCUMENT 2020 278 No publication or late publication of the Score If CDP has not assigned a score to Danone under the Climate Change program for 2019, 2020 and/or 2021, the following rules will apply, as an exception to the above: • if, by March 31, 2023, no Score was assigned for 2021 whereas the “Leadership” Level was assigned for 2019 and 2020 and a Score of A was also assigned for these two years, or a Score of A and A- was assigned for these two years, the definitive grant will be 100% for one-half of the shares subject to the environ- mental performance condition and the other half will increase the basis of the shares subject to the FCF condition (in this case, the FCF condition will affect 40% of the shares granted); • if, by March 31, 2023, no Score was assigned for 2021 whereas the “Leadership” Level was assigned for 2019 and 2020 and a Score of A- was assigned for these two years, the definitive grant will be 50% for one-half of the shares subject to the environmental performance condition and the other half will increase the basis of the shares subject to the FCF condition (in this case, the FCF condition will affect 40% of the shares granted); • if, by March 31, 2023, no Score was assigned for 2021 and the “Leadership” Level was not assigned for 2019 and 2020, the definitive grant will be 0% of the shares subject to the environmental performance condition; • if no Score was assigned for 2020 whereas a Score of A was assigned for 2019, the definitive grant will be 100% for one-half of the shares subject to the en- vironmental performance condition and the other half will increase the basis of the shares subject to the FCF condition (in this case, the FCF condition will affect 40% of the shares granted); • if no Score was assigned for 2020 and a Score of A- was assigned for 2019, the definitive grant will be 50% for one-half of the shares subject to the environ- mental performance condition and the other half will increase the basis of the shares subject to the FCF condition (in this case, the FCF condition will affect 40% of the shares granted); • if no Score was assigned for 2020 and the “Leadership” Level was not assigned for 2019, the definitive grant will be 0% for one-half of the shares subject to the environmental performance condition and the other half will increase the basis of the shares subject to the FCF condition (in this case, the FCF condition will affect 40% of the shares granted); and • if no Score was assigned for 2019, all the shares subject to the environmental performance condition will increase the basis of the shares subject to the FCF condition (in this case, the FCF condition will affect 50% of the shares granted). ASSESSMENT OF ACHIEVEMENT OF THE PERFORMANCE CONDITION The Board of Directors’ procedure for de- termining that this performance condition has been met The Board of Directors must determine the level of achievement of this third per- formance condition, by a duly justified decision indicated in the Board of Directors’ report to the Shareholders’ Meeting, subsequent to the Governance Committee’s recommendation. Date of assessment of achievement of the performance condition Early 2023.