Common use of Employees and Terms of Employment Clause in Contracts

Employees and Terms of Employment. 7.1.1 All existing contracts of service with directors (if any) or employees of the Company and all consultancy agreements entered into by the Company have been disclosed in writing to the Purchaser. 7.1.2 All contracts of service with directors (if any) or employees of the Company, and consultancy agreements with the Company, can be terminated with three (3) months’ notice or (where not reduced to writing) by reasonable notice without giving rise to any claim for damages or compensation (other than a statutory redundancy payment or statutory compensation for unfair dismissal). 7.1.3 No changes to any of the contracts or agreements with the directors (if any) and employees of the Company referred to in Paragraph 7.1.1 of this Schedule 4 has been made or proposed whether by the Company or any employee, director or consultant since its disclosure in writing to the Purchaser.