Common use of Interests of the Executive Clause in Contracts

Interests of the Executive. 5.1 The Executive will disclose promptly in writing to the Board all his interests (for example, shareholdings or directorships) in any businesses whether or not of a commercial or business nature except his interests in any Group Company. 5.2 Subject to clause 5.3, during the Employment the Executive will not be directly or indirectly engaged or concerned in the conduct of any activity which is similar to or competes with any activity carried on by any Group Company (except as a representative of the Company or with the written consent of the Board). 5.3 The Executive may not hold or be interested in investments which amount to more than three per cent of the issued investments of any class of any one company whether or not those investments are listed or quoted on any recognised Stock Exchange or dealt in on the Alternative Investments Market. 5.4 The Executive will (and will procure that his spouse and dependent children) comply with all rules of law, including Part V of the Criminal Justice Axx 0000, the Model Code as set out in the annex to Chapter 9 of the Listing Rules as amended from time to time and rules or policies applicable to the Company from time to time in relation to the holding or trading of securities.

Appears in 2 contracts

Samples: Service Agreement (National Grid PLC), Service Agreement (National Grid PLC)

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Interests of the Executive. 5.1 The Executive will disclose promptly in writing to the Board all his interests (for example, shareholdings or directorships) in any businesses whether or not of a commercial or business nature except his interests in any Group Company. 5.2 Subject to clause 5.3, during the Employment the Executive will not be directly or indirectly engaged or concerned in the conduct of any activity which is similar to or competes with any activity carried on by any Group Company (except as a representative of the Company or with the written consent of the Board). 5.3 The Executive may not hold or be interested in investments which amount to more than three per cent percent of the issued investments of any class of any one company company, whether or not those investments are listed or quoted on any recognised recognized Stock Exchange or dealt in on the Alternative Investments Market. 5.4 The Executive will (and will procure ensure that his spouse and dependent children) comply with all rules of law, including Part V of the Criminal Justice Axx Xxx 0000, the Model Code as set out in the annex to Chapter 9 of the Listing Rules as amended from time to time and rules or policies applicable to the Group Company from time to time in relation to the holding or trading of securities.

Appears in 1 contract

Samples: Fixed Term Employment Agreement (National Grid PLC)

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Interests of the Executive. 5.1 The Executive will disclose promptly in writing to the Board all his interests (for example, shareholdings or directorships) in any businesses whether or not of a commercial or business nature except his interests in any Group Company. 5.2 Subject to clause 5.3, during the Employment the Executive will not be directly or indirectly engaged or concerned in the conduct of any activity which is similar to or competes with any activity carried on by any Group Company (except as a representative of the Company or with the written consent of the Board). 5.3 The Executive may not hold or be interested in investments which amount to more than three per cent of the issued investments of any class of any one company company, whether or not those investments are listed or quoted on any recognised recognized Stock Exchange or dealt in on the Alternative Investments Market. 5.4 The Executive will (and will procure ensure that his spouse and dependent children) comply with all rules of law, including Part V of the Criminal Justice Axx Xxx 0000, the Model Code as set out in the annex to Chapter 9 of the Listing Rules as amended from time to time and rules or policies applicable to the Company Group from time to time in relation to the holding or trading of securities.

Appears in 1 contract

Samples: Employment Agreement (National Grid PLC)

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