Common use of Management and Employees Clause in Contracts

Management and Employees. Following the Offer becoming unconditional in all respects, Bidco intends to ensure that the existing employment rights, including any pension rights, of the management and employees of APR Energy will be fully safeguarded. Bidco's current plans for APR Energy do not include any material change in the conditions of employment of APR Energy employees. Other than the Management Arrangements, it is not currently intended to put incentivisation arrangements in place after the Offer becomes or is declared unconditional in all respects. However, the Joint Bidders reserve the freedom to establish or renew, after completion of the Offer, incentivisation arrangements for the benefit of the management and other employees of the APR Energy Group.