Common use of Further Obligations of the Executive Clause in Contracts

Further Obligations of the Executive. 3.1 During the continuance of his employment the Executive shall devote his whole time and attention to his duties under this Agreement and shall not directly or indirectly carry on or be engaged, concerned or interested in any other business, trade or occupation otherwise than as a holder directly or through nominees (including for the purposes hereof through any trust whether established by the Executive or otherwise and whether discretionary or otherwise of which the Executive is a beneficiary) of not more than 3% in aggregate of any class of shares, debentures or other securities in issue from time to time of any company (or, if different, amounting to no more than 3% in terms of the economic value of all such shares and securities (whether by way of dividend or upon any return in capital) and/or voting or other rights attaching thereto in respect of any matters) which are for the time being quoted or dealt with on any recognised investment exchange (as defined by section 285(1)(a) of the Financial Services and Markets Act 2000) provided that nothing in this Clause 3.1 shall prevent the Executive from continuing to hold his current portfolio of investments in securities. 3.2 During the continuance of his employment the Executive shall in relation to any dealings in securities of overseas companies comply with all laws of any foreign state affecting dealings in the securities of such companies and all regulations of any relevant stock exchanges on which such dealings take place. 3.3 During the continuance of his employment the Executive: (a) shall not directly or indirectly procure, accept or obtain for his own benefit (or for the benefit of any other person) any payment, rebate, discount, commission, vouchers, gift, entertainment or other benefit from any third party in respect of any business transacted or proposed to be transacted (excluding air miles or similar vouchers from other such schemes) (whether or not by him) by or on behalf of the Company or any Associated Company ("Gratuities"); (b) shall observe the terms of any policy issued by the Company in relation to Gratuities; and (c) shall immediately disclose and account to the Company for any Gratuities received by him (or by any other person on his behalf or at his instruction).

Further Obligations of the Executive. 3.1 During the continuance of his employment the Executive shall devote his whole time and attention to his duties under this Agreement and shall not directly or indirectly carry on or be engaged, concerned or interested in any other business, trade or occupation otherwise than as a holder directly or through nominees (including for the purposes hereof through any trust whether established by the Executive or otherwise and whether discretionary or otherwise of which the Executive is a beneficiary) of not more than 3% per cent in aggregate of any class of shares, debentures or other securities in issue from time to time of any company (or, if different, amounting to no more than 3% in terms of the economic value of all such shares and securities (whether by way of dividend or upon any return in capital) and/or voting or other rights attaching thereto in respect of any matters) which are for the time being quoted or dealt with on any recognised investment exchange (as defined by section 285(1)(a) of the Financial Services and Markets Act 2000) provided that nothing in this Clause 3.1 shall prevent the Executive from continuing to hold his current portfolio of investments in securities. 3.2 During the continuance of his employment the Executive shall in relation to any dealings in securities of overseas companies comply with all laws of any foreign state affecting dealings in the securities of such companies and all regulations of any relevant stock exchanges on which such dealings take place. 3.3 During the continuance of his employment the Executive: (a) shall not directly or indirectly procure, accept or obtain for his own benefit (or for the benefit of any other person) any payment, rebate, discount, commission, vouchers, gift, entertainment or other benefit from any third party in respect of any business transacted or proposed to be transacted (excluding air miles or similar vouchers from other such schemes) (whether or not by him) by or on behalf of the Company or any Associated Company ("Gratuities"); (b) shall observe the terms of any policy issued by the Company in relation to Gratuities; and (c) shall immediately disclose and account to the Company for any Gratuities received by him (or by any other person on his behalf or at his instruction).

Further Obligations of the Executive. 3.1 During the continuance of his employment the Executive shall devote his whole time and attention to his duties under this Agreement and shall not directly or indirectly carry on or be engaged, concerned or interested in any other business, trade or occupation otherwise than as a holder directly or through nominees (including for the purposes hereof through any trust whether established by the Executive or otherwise and whether discretionary or otherwise of which the Executive is a beneficiary) of not more than 3% in aggregate of any class of shares, debentures or other securities in issue from time to time of any company (or, if different, amounting to no more than 3% in terms of the economic value of all such shares and securities (whether by way of dividend or upon any return in capital) and/or voting or other rights attaching thereto in respect of any matters) which are for the time being quoted or dealt with on any recognised investment exchange (as defined by section 285(1)(a) of the Financial Services and Markets Act 2000) provided that nothing in this Clause 3.1 shall prevent the Executive from continuing to hold his current portfolio of investments in securities. 3.2 During the continuance of his employment the Executive shall in relation to any dealings in securities of overseas companies comply with all laws of any foreign state affecting dealings in the securities of such companies and all regulations of any relevant stock exchanges on which such dealings take place. 3.3 During the continuance of his employment the Executive: (a) shall not directly or indirectly procure, accept or obtain for his own benefit (or for the benefit of any other person) any payment, rebate, discount, commission, vouchers, gift, entertainment or other benefit from any third party in respect of any business transacted or proposed to be transacted (excluding air miles or similar vouchers from other such schemes) (whether or not by him) by or on behalf of the Company or any Associated Company ("Gratuities"); (b) shall observe the terms of any policy issued by the Company in relation to Gratuities; and (c) shall immediately disclose and account to the Company for any Gratuities received by him (or by any other person on his behalf or at his instruction).

Further Obligations of the Executive. 3.1 During the continuance of his employment the Executive shall save for those business activities referred to under Clause 2.1.8 and specified in the Schedule One Part One to this Agreement devote his whole time and attention to his duties under this Agreement and shall not without the prior written consent of the Board (which shall not be unreasonably withheld) directly or indirectly carry on or be engaged, engaged concerned or interested in any other business, business trade or occupation otherwise than as a holder directly or through nominees (including for the purposes hereof through any trust whether established by the Executive or otherwise and whether discretionary or otherwise of which the Executive is a beneficiary) of not more than 3% [5] per cent in aggregate of any class of shares, shares of any Associate Company and not more than [5] per cent in aggregate of any class of shares debentures or other securities in issue from time to time of any other company (or, if different, amounting to no more than 3% in terms of the economic value of all such shares and securities (whether by way of dividend or upon any return in capital) and/or voting or other rights attaching thereto in respect of any matters) which are is for the time being quoted or dealt with in on any recognised investment exchange (as that term is defined by section 285(1)(a) of in the Financial Services and Markets Act 2000) provided that nothing ). 3.1.1 The Executive has the approval of the Board to participate in this Clause 3.1 shall prevent the assembled private investor pool in BritNRG held under BritENERGY Holdings LLP (which will own 50% total equity of BritNRG). In exercising his duties as a director of BritNRG the Executive from continuing will have regard to hold his current portfolio the members as a whole (and not simply MetalNRG – Sect. 172-175 of investments in securitiesthe Companies Act), however he will seek to vote alongside MetalNRG. 3.2 During the continuance of his employment the Executive shall in relation to any dealings in securities of overseas companies comply with all laws of any foreign state affecting dealings in the securities of such companies and all regulations of any relevant stock exchanges on which such dealings take place. 3.3 During the continuance of his employment the Executive: (a) 3.2.1 shall not directly or indirectly procure, accept or obtain for his own benefit (or for the benefit of any other person) any payment, rebate, discount, commission, vouchers, gift, entertainment or other benefit (‘Gratuities’) from any third party in respect of any business transacted or proposed to be transacted (excluding air miles or similar vouchers from other such schemes) (whether or not by him) by or on behalf of the Company or any Associated Company ("Gratuities"); (b) shall observe the terms of any policy issued by the Company in relation to GratuitiesCompany; and (c) 3.2.2 shall immediately disclose and account to the Company for any Gratuities received by him (or by any other person on his behalf or at his instruction). 3.3 The Executive will provide all necessary information to enable the Company to comply with the statutory requirements in respect of its register of directors. 3.4 The Executive’s attention is drawn to the requirements under both law and regulation regarding the disclosure of Inside information, and in particular to the Market Abuse Regulation (“MAR”), the DTRs and S. 52 of the Criminal Justice Xxx 0000 on insider dealing. The Executive should avoid making any statements or comments that might risk a breach of these requirements. 3.5 The Executive will comply with the Company’s procedures and dealing code rules relating to share dealings by directors and their families and ensure compliance, so far as the Executive is able, by the Executive’s connected family and other persons who may be regarded as PCAs (“Persons Closely Associated”).

Further Obligations of the Executive. 3.1 3.1. During the continuance of his employment the Executive shall devote his whole time and attention not without the prior written consent of the Board (such consent not to his duties under this Agreement and shall not be unreasonably withheld or delayed) directly or indirectly carry on or be engaged, engaged concerned or interested in any other business, business trade or occupation otherwise than as a holder directly or through nominees (including for the purposes hereof through any trust whether established by the Executive or otherwise and whether discretionary or otherwise of which the Executive is a beneficiary) of not more than 3% five per cent in aggregate of any class of shares, shares debentures or other securities in issue from time to time of any company (or, if different, amounting to no more than 3% in terms of the economic value of all such shares and securities (whether by way of dividend or upon any return in capital) and/or voting or other rights attaching thereto in respect of any matters) which are for the time being quoted or dealt with in on any recognised investment exchange (as defined by section 285(1)(aSection 207(1) of the Financial Services Act 1986) and Markets Act 2000) provided that nothing in this Clause 3.1 shall prevent be permitted, with the Executive from continuing prior written consent of the Board, to hold his current portfolio accept appointment as a non-executive director of investments in securitiesanother company or companies. 3.2 During 3.2. The Executive shall during the continuance of his employment comply (and shall do all that is reasonably within his power to procure that his spouse or partner and his minor children shall comply) with all applicable rules of law stock exchange regulations (including the "Model Code" issued by The International Stock Exchange of the United Kingdom and the Republic of Ireland Limited) and codes of conduct of the Company and any Associated Company for the time being in force in relation to dealings in shares debentures or other securities of the Company or any Associated Company or any unpublished price sensitive information affecting the securities of any other company. 3.3. The Executive shall in relation to any dealings in securities of overseas companies comply with all laws of any foreign state affecting dealings in the securities of such companies and all regulations of any relevant stock exchanges on which such dealings take place. 3.3 3.4. During the continuance of his employment the Executive:Executive:- (a) shall not directly or indirectly procure, procure accept or obtain for his own benefit (or for the benefit of any other person) any payment, rebate, discount, commission, vouchers, gift, entertainment payment rebate discount commission vouchers or other benefit of significant value ("Gratuities") from any third party in respect of any business transacted or proposed to be transacted (excluding air miles or similar vouchers from other such schemes) (whether or not by him) by or on behalf of the Company or any Associated Company ("Gratuities");Company; and (b) shall observe the terms of any policy issued by the Company in relation to Gratuities; and (c) shall immediately disclose and account to the Company for any Gratuities received by him (or by any other person on his behalf or at his instruction).