Common use of Pay and Benefits Clause in Contracts

Pay and Benefits. 4.1 With effect from your start date you will be paid salary at the rate of £215,000 per annum within grade BG2, payable in arrears on or about the 15th of each month (or, at the discretion of the Board, earlier). This salary will, unless otherwise agreed in writing with the Company, be inclusive of all fees and other remuneration to which you may be or become entitled as a director of the Company or of any of its subsidiaries or associated companies for the time being. 4.2 This salary will be reviewed on 1 April 2006 and thereafter on 1 April each year. Nothing in this Contract will prevent the Company, where it thinks fit, from resolving to pay any temporary additional remuneration or bonus or from providing Back to Contents some other benefit to you on the basis that it will not constitute an increase in salary rate for the purpose of this Contract. 4.3 At the discretion of the Company, you may be invited to participate in the Company’s Long Term Incentive Scheme and any other incentive schemes that the Company may establish (for example Company Share Option Scheme or Annual Incentive Scheme). Subject to meeting the Company’s eligibility criteria you will be able to participate in the Company’s Sharesave Scheme. Also you will have the opportunity of participating in the Company’s Financial Counselling Scheme. The Company may amend, suspend or terminate these schemes or any parts thereof, at any time. Membership of such schemes is subject to and in accordance with the rules of the relevant scheme. 4.4 You will be entitled to become a member of the Company Pension Scheme. A contracting out certificate is in force in respect of your employment. You will also be entitled to become a member of the Company Supplementary Pension Scheme, which provides you with pension benefits beyond those earned through your membership of the Company Pension Scheme. Membership of such schemes is subject to and in accordance with the rules of the relevant scheme. 4.5 You can participate in the Company Car Scheme which gives you the choice of a company car or a cash in lieu allowance. 4.6 You will be covered by arrangements provided by the Company on terms agreed by the Company, covering accident and life insurance, private medical insurance and long-term disability. 4.7 You will be entitled, in addition to Public and Bank Holidays, to twenty-eight days holiday in every year at times agreed with the Company. 4.8 If you are absent from work as a result of sickness or injury you shall be entitled to sick pay in accordance with the rules of the prevailing Company sick pay scheme. You will, at the request and expense of the Company, undergo, from time to time, a medical examination. The medical adviser may, at his/her sole discretion, disclose the result of the examination to the Company. 4.9 The Company will reimburse you with the amount of all reasonable hotel, travelling and other expenses properly and necessarily incurred in the performance of your duties. You will make evidence of such expenditure available to the Company as it may from time to time require. 4.10 The Company reserves the right to recover from your salary payments any overpayment of remuneration or other payments, made by mistake or through misrepresentation or for any other reason subject always to the Company giving you fourteen days notice in writing before a deduction is made. Upon termination of your employment the Company may deduct from your final salary payment, or any other termination payments due, an amount equal to any sums you owe to the Company. Back to Contents

Pay and Benefits. 4.1 With effect from your start a date to be agreed, you will be paid salary at the rate of £215,000 190,000 per annum within grade BG2annum, payable in arrears on or about at the 15th end of each month (or, at the discretion of the BoardCompany, earlier). This salary will, unless otherwise agreed in writing with the Companycompany, be inclusive of all fees and other remuneration to which you may be or become entitled as a director of the Company or Director of any of its the Company’s subsidiaries or associated companies for the time being. 4.2 This salary will be reviewed on 1 April 2006 reviewed, and thereafter on 1 may be increased in April each yearyear by the Company. The first such review will be in April 2001. Nothing in this Contract will prevent the Company, where it thinks fit, from resolving to pay any temporary additional remuneration or bonus or from providing Back to Contents some other benefit to you on the basis that it will not constitute an increase in salary rate for the purpose of this Contract. 4.3 At the discretion of the Company, you may be invited to participate in the Company’s Long Term Incentive Scheme and any other incentive schemes that the Company may establish (for example Company Share Option Scheme or Annual Incentive Scheme)establish. Subject to meeting the Company’s eligibility criteria you will be able to participate in the Company’s Sharesave Scheme. Also At the discretion of the Company, you will be provided with a car and you will have the opportunity of participating in the Company’s Financial Counselling Schemeaccident. private medical insurance and financial counselling schemes. The Company may amend, suspend or terminate these schemes or any parts thereof, at any time. Membership of such schemes is subject to and in accordance with the rules of the relevant scheme. 4.4 You will be entitled to become a member of the Company BG Group Pension Scheme. A contracting out certificate is in force in respect of your employment. You Where appropriate, you will also be entitled to become a member of the Company BG Group Supplementary Pension Scheme, which provides you with pension benefits beyond those earned through your membership of the Company BG Group Pension Scheme. Membership of such schemes is subject to and in accordance with the rules of the relevant scheme. 4.5 You can participate in the Company Car Scheme which gives you the choice of a company car or a cash in lieu allowance. 4.6 You will be covered by arrangements provided by the Company on terms agreed by the Company, covering accident and life insurance, private medical insurance and long-term disability. 4.7 You will be entitled, in addition to Public and Bank Holidays, to twenty-eight 28 days holiday in every year at times agreed with the Company. 4.8 4.6 If you are absent from work as a result of sickness or injury you shall be entitled to sick pay in accordance with the rules of the prevailing Company sick pay scheme. You will, at the request and expense of the Company, undergo, from time to time, a medical examinationexamination . The medical adviser may, at his/her sole discretion, disclose the result of the examination to the Company. 4.9 4.7 The Company will reimburse you with the amount of all reasonable hotel, travelling and other expenses properly and necessarily incurred in the performance of your duties. You will make evidence of such expenditure available to the Company as it may from time to time requirerequired. 4.10 4.8 The Company reserves the right to recover from your salary payments any overpayment of remuneration or other payments, made by mistake or through misrepresentation or for any other reason subject to always to the Company giving you fourteen days notice in writing before a deduction is made. Upon termination of your employment the Company may deduct from your final salary payment, or any other termination payments due, an amount equal to any sums you owe to the Company. Back to Contents.

Pay and Benefits. 4.1 With effect from your start date 1 November 2000 you will be paid salary at the rate of £215,000 175,000 per annum within grade BG2annum, payable in arrears on or about at the 15th end of each month (or, at the discretion of the BoardCompany, earlier). This salary will, unless otherwise agreed in writing with the Company, be inclusive of all fees and other remuneration to which you may be or become entitled as a director of the Company or Directors of any of its the Company’s subsidiaries or associated companies for the time being. 4.2 This salary will be reviewed on 1 April 2006 reviewed, and thereafter on 1 may be increased in April each yearyear by the Company. The first such review will be in April 2001. Nothing in this Contract contract will prevent the Company, where it thinks fit, from form resolving to pay any temporary additional remuneration or bonus or from providing Back to Contents some other benefit to you on the basis that it will not constitute an increase in salary rate for the purpose of this Contract. 4.3 At the discretion of the Company, you may be invited to participate in the Company’s Long Term Incentive Scheme and any other incentive schemes that the Company may establish (for example Company Share Option Scheme or Annual Incentive Scheme)establish. Subject to meeting the Company’s eligibility criteria you will be able to participate in the Company’s Sharesave Scheme. Also At the discretion of the Company, you will be provided with a car and you will have the opportunity of participating in the Company’s Financial Counselling Schemeaccident, private medical insurance and financial counselling schemes. The Company may amend, suspend or terminate these schemes or any parts thereof, thereof at any time. Membership of such schemes is subject to and in accordance with the rules of the relevant scheme. 4.4 You will be entitled to become remain a member of the Company BG Group Pension Scheme. , A contracting out certificate is in force in respect of your employment. You will also be entitled to become a member , Membership of the Company Supplementary Pension Scheme, which provides you with pension benefits beyond those earned through your membership of the Company Pension Scheme. Membership of such schemes scheme is subject to and in accordance with the rules of the relevant scheme. 4.5 You can participate in the Company Car Scheme which gives you the choice of a company car or a cash in lieu allowance. 4.6 You will be covered by arrangements provided by the Company on terms agreed by the Company, covering accident and life insurance, private medical insurance and long-term disability. 4.7 You will be entitled, in addition to Public and Bank Holidays, to twenty-eight 28 days holiday holidays in every year at times agreed with the Company. 4.8 4.6 If you are absent from work as a result of sickness or injury you shall be entitled to sick pay in accordance with the rules of the prevailing Company sick pay scheme. You will, at the request and expense of the Company, undergo, from time to time, a medical examination. The medical adviser may, at his/her sole discretion, disclose the result of the examination to the Company. 4.9 4.7 The Company will reimburse you with the amount of all reasonable hotel, travelling and other expenses properly and necessarily incurred in the performance of your duties. You will make evidence of such expenditure available to the Company as it may from time to time requirerequired. 4.10 4.8 The Company reserves the right to recover from your salary payments any overpayment overpayments of remuneration or other payments, made by mistake or through misrepresentation or for any other reason subject to always to the Company giving you fourteen days notice in writing before a deduction is made. Upon termination of your employment the Company may deduct from your final salary payment, or any other termination payments payment due, an amount equal to any sums you owe to the Company. Back to Contents.

Pay and Benefits. 4.1 With effect from your start date the 1 November 2003 you will be paid salary at the rate of £215,000 235,000 per annum within grade BG2annum, payable in arrears on or about at the 15th end of each month (or, at the discretion of the Board, earlier). This salary will, unless otherwise agreed in writing with the Company, be inclusive of all fees and other remuneration to which you may be or become entitled as a director of the Company or of any of its subsidiaries or associated companies for the time being. 4.2 This salary will be reviewed on 1 April 2006 reviewed, and thereafter on 1 may be increased in April each yearyear by the Company. The first such review will be in April 2005. Nothing in this Contract will prevent the Company, where it thinks fit, from resolving to pay any temporary additional remuneration or bonus or from providing Back to Contents some other benefit to you on the basis that it will not constitute an increase in salary rate for the purpose of this Contract. 4.3 At the discretion of the Company, you may be invited to participate in the Company’s Long Term Annual Incentive Scheme and any other incentive schemes that the Company may establish (for example Company Share Option Scheme or Annual Long Term Incentive Scheme). Subject to meeting the Company’s eligibility criteria you will be able to participate in the Company’s Sharesave Scheme. Also you will have the opportunity of participating in the Company’s Financial Counselling Scheme. The Company may amend, suspend or terminate these schemes or any parts thereof, at any time. Membership of such schemes is subject to and in accordance with the rules of the relevant scheme. 4.4 You will be entitled to become a member of the Company Pension Scheme. A contracting out certificate is in force in respect of your employment. You will also be entitled to become a member of the Company Supplementary Pension Scheme, which provides you with pension benefits beyond those earned through your membership of the Company Pension Scheme. Membership of such schemes is subject to and in accordance with the rules of the relevant scheme. 4.5 You can participate in the Company Car Scheme which gives you the choice of a company car or a cash in lieu allowance. 4.6 You will be covered by arrangements provided by the Company on terms agreed by the Company, covering accident and life insurance, private medical insurance and long-term disability. 4.7 You will be entitled, in addition to Public and Bank Holidays, to twenty-eight days holiday in every year at times agreed with the Company. 4.8 If you are absent from work as a result of sickness or injury you shall be entitled to sick pay in accordance with the rules of the prevailing Company sick pay scheme. You will, at the request and expense of the Company, undergo, from time to time, a medical examination. The medical adviser may, at his/her sole discretion, disclose the result of the examination to the Company. 4.9 The Company will reimburse you with the amount of all reasonable hotel, travelling and other expenses properly and necessarily incurred in the performance of your duties. You will make evidence of such expenditure available to the Company as it may from time to time require. 4.10 The Company reserves the right to recover from your salary payments any overpayment of remuneration or other payments, made by mistake or through misrepresentation or for any other reason subject always to the Company giving you fourteen days notice in writing before a deduction is made. Upon termination of your employment the Company may deduct from your final salary payment, or any other termination payments due, an amount equal to any sums you owe to the Company. Back to Contents.

Pay and Benefits. 4.1 With effect from your start date you will be paid salary at the rate of £215,000 225,000 per annum within grade BG2, payable in arrears on or about the 15th of each month (or, at the discretion of the Board, earlier). This salary will, unless otherwise agreed in writing with the Company, be inclusive of all fees and other remuneration to which you may be or become entitled as a director of the Company or of any of its subsidiaries or associated companies for the time being. 4.2 This salary will be reviewed on 1 April 2006 and thereafter on 1 April each year. Nothing in this Contract will prevent the Company, where it thinks fit, from resolving to pay any temporary additional remuneration or bonus or from providing Back to Contents some other benefit to you on the basis that it will not constitute an increase in salary rate for the purpose of this Contract. 4.3 At the discretion of the Company, you may be invited to participate in the Company’s Long Term Incentive Scheme and any other incentive schemes that the Company may establish (for example Company Share Option Scheme or Annual Incentive Scheme). Subject to meeting the Company’s eligibility criteria you will be able to participate in the Company’s Sharesave Scheme. Also you will have the opportunity of participating in the Company’s Financial Counselling Scheme. The Company may amend, suspend or terminate these schemes or any parts thereof, at any time. Membership of such schemes is subject to and in accordance with the rules of the relevant scheme. 4.4 You will be entitled to become a member of the Company Pension Scheme. A contracting out certificate is in force in respect of your employment. You will also be entitled to become a member of the Company Supplementary Pension Scheme, which provides you with pension benefits beyond those earned through your membership of the Company Pension Scheme. Membership of such schemes is subject to and in accordance with the rules of the relevant scheme. 4.5 You can participate in the Company Car Scheme which gives you the choice of a company car or a cash in lieu allowance. 4.6 You will be covered by arrangements provided by the Company on terms agreed by the Company, covering accident and life insurance, private medical insurance and long-term disability. 4.7 You will be entitled, in addition to Public and Bank Holidays, to twenty-eight days holiday in every year at times agreed with the Company. 4.8 If you are absent from work as a result of sickness or injury you shall be entitled to sick pay in accordance with the rules of the prevailing Company sick pay scheme. You will, at the request and expense of the Company, undergo, from time to time, a medical examination. The medical adviser may, at his/her sole discretion, disclose the result of the examination to the Company. 4.9 The Company will reimburse you with the amount of all reasonable hotel, travelling and other expenses properly and necessarily incurred in the performance of your duties. You will make evidence of such expenditure available to the Company as it may from time to time require. 4.10 The Company reserves the right to recover from your salary payments any overpayment of remuneration or other payments, made by mistake or through misrepresentation or for any other reason subject always to the Company giving you fourteen days notice in writing before a deduction is made. Upon termination of your employment the Company may deduct from your final salary payment, or any other termination payments due, an amount equal to any sums you owe to the Company. Back to Contents.

Pay and Benefits. 4.1 With effect from your start date the 13 January 2003 you will be paid salary at the rate of £215,000 250,000 per annum within grade BG2, payable in arrears on or about at the 15th end of each month (or, at the discretion of the Board, earlier). This salary will, unless otherwise agreed in writing with the Company, be inclusive of all fees and other remuneration to which you may be or become entitled as a director of the Company or of any of its subsidiaries or associated companies for the time being. 4.2 This salary will be reviewed on 1 April 2006 reviewed, and thereafter on 1 may be increased in April each yearyear by the Company. The first such review will be in April 2004. Nothing in this Contract will prevent the Company, where it thinks fit, from resolving to pay any temporary additional remuneration or bonus or from providing Back to Contents some other benefit to you on the basis that it will not constitute an increase in salary rate for the purpose of this Contract. 4.3 At the discretion of the Company, you may be invited to participate in the Company’s Long Term Incentive Scheme and any other incentive schemes that the Company may establish (for example Company Share Option Scheme or Annual Incentive Scheme). Subject to meeting the Company’s eligibility criteria you will be able to participate in the Company’s Sharesave Scheme. Also you will have the opportunity of participating in the Company’s Financial Counselling Scheme. The Company may amend, suspend or terminate these schemes or any parts thereof, at any time. Membership of such schemes is subject to and in accordance with the rules of the relevant scheme. 4.4 You will be entitled to become a member of the Company Pension Scheme. A contracting out certificate is in force in respect of your employment. You will also be entitled to become a member of the Company Supplementary Pension Scheme, which provides you with pension benefits beyond those earned through your membership of the Company Pension Scheme. Membership of such schemes is subject to and in accordance with the rules of the relevant scheme. 4.5 You can participate in the Company Car Scheme which gives you the choice of a company car or a cash in lieu allowance. 4.6 You will be covered by arrangements provided by the Company on terms agreed by the CompanyCompany , covering accident and life insurance, private medical insurance and long-term disability. 4.7 You will be entitled, in addition to Public and Bank Holidays, to twenty-eight days holiday in every year at times agreed with the Company. 4.8 If you are absent from work as a result of sickness or injury you shall be entitled to sick pay in accordance with the rules of the prevailing Company sick pay scheme. You will, at the request and expense of the Company, undergo, from time to time, a medical examination. The medical adviser may, at his/her sole discretion, disclose the result of the examination to the Company. 4.9 The Company will reimburse you with the amount of all reasonable hotel, travelling and other expenses properly and necessarily incurred in the performance of your duties. You will make evidence of such expenditure available to the Company as it may from time to time require. 4.10 The Company reserves the right to recover from your salary payments any overpayment of remuneration or other payments, made by mistake or through misrepresentation or for any other reason subject always to the Company giving you fourteen days notice in writing before a deduction is made. Upon termination of your employment the Company may deduct from your final salary payment, or any other termination payments due, an amount equal to any sums you owe to the Company. Back to Contents.

Pay and Benefits. 4.1 With effect from your start [date to be agreed] you will be paid salary at the rate of one at £215,000 300,000 per annum within grade BG2, payable in arrears on or about the 15th of each month (or, at the discretion of the Board, earlier). This salary will, unless otherwise agreed in writing with the Company, be inclusive of all fees and other remuneration to which you may be or become entitled as a director of the Company or of any of its subsidiaries or associated companies for the time being. 4.2 This salary will next be reviewed on 1 April 2006 12 months after joining and thereafter on 1 April each year. Nothing in this Contract will prevent the Company, where it thinks fit, from resolving to pay any temporary additional remuneration or bonus or from providing Back to Contents some other benefit to you on the basis that it will not constitute an increase in salary rate for the purpose of this Contract. 4.3 At the discretion of the Company, you may be invited to participate in the Company’s Long Term Incentive Scheme and any other incentive schemes that the Company may establish (for example Company Share Option Scheme or Annual Incentive Scheme). Subject to meeting the Company’s eligibility criteria you will be able to participate in the Company’s Sharesave Scheme. Also you will have the opportunity of participating in the Company’s Financial Counselling Scheme. The Company may amend, suspend or terminate these schemes or any parts thereof, at any time. Membership of such schemes is subject to and in accordance with the rules of the relevant scheme. 4.4 You will be entitled to become a member of the Company Pension Scheme. A contracting out certificate is in force in respect of your employment. You will also be entitled to become a member of the Company Supplementary Pension Scheme, which provides you with pension benefits beyond those earned through your membership of the Company Pension Scheme. Membership of such schemes is subject to and in accordance with the rules of the relevant scheme. 4.5 You can participate in the Company Car Scheme which gives you the choice of a company car or a cash in lieu allowance. 4.6 You will be covered by arrangements provided by the Company on terms agreed by the Company, covering accident and life insurance, private medical insurance and long-term disability. 4.7 You will be entitled, in addition to Public and Bank Holidays, to twenty-eight days holiday in every year at times agreed with the Company. 4.8 If you are absent from work as a result of sickness or injury you shall be entitled to sick pay in accordance with the rules of the prevailing Company sick pay scheme. You will, at the request and expense of the Company, undergo, from time to time, a medical examination. The medical adviser may, at his/her sole discretion, disclose the result of the examination to the Company. 4.9 The Company will reimburse you with the amount of all reasonable hotel, travelling and other expenses properly and necessarily incurred in the performance of your duties. You will make evidence of such expenditure available to the Company as it may from time to time require. 4.10 The Company reserves the right to recover from your salary payments any overpayment of remuneration or other payments, made by mistake or through misrepresentation or for any other reason subject always to the Company giving you fourteen days notice in writing before a deduction is made. Upon termination of your employment the Company may deduct from your final salary payment, or any other termination payments due, an amount equal to any sums you owe to the Company. Back to Contents.

Pay and Benefits. 4.1 With effect from your start date 1 May 2005 you will be paid salary at the rate of £215,000 325,000 per annum within grade BG2, payable in arrears on or about the 15th of each month (or, at the discretion of the Board, earlier). This salary will, unless otherwise agreed in writing with the Company, be inclusive of all fees and other remuneration to which you may be or become entitled as a director of the Company or of any of its subsidiaries or associated companies for the time being. 4.2 This salary will be Salaries are normally reviewed on 1 April 2006 and thereafter on 1 April each year. Your next review will be 1 April 2006. Nothing in this Contract will prevent the Company, where it thinks fit, from resolving to pay any temporary additional remuneration or bonus or from providing Back to Contents some other benefit to you on the basis that it will not constitute an increase in salary rate for the purpose of this Contract. 4.3 At the discretion of the Company, you may be invited to participate in the Company’s Long Term Incentive Scheme and any other incentive schemes that the Company may establish (for example Company Share Option Scheme or Annual Incentive Scheme). Subject to meeting the Company’s eligibility criteria you will be able to participate in the Company’s Sharesave Scheme. Also you will have the opportunity of participating in the Company’s Financial Counselling Scheme. The Company may amend, suspend or terminate these schemes or any parts thereof, at any time. Membership of such schemes is subject to and in accordance with the rules of the relevant scheme. 4.4 You will be entitled to become a member of the Company Pension Scheme. A contracting out certificate is in force in respect of your employment. You will also be entitled to become a member of the Company Supplementary Pension Scheme, which provides you with pension benefits beyond those earned through your membership of the Company Pension Scheme. Membership of such schemes is subject to and in accordance with the rules of the relevant scheme. 4.5 You can participate in the Company Car Scheme which gives you the choice of a company car with fuel card or a cash in lieu allowance. 4.6 You will be covered by arrangements provided by the Company on terms agreed by the Company, covering accident and life insurance, private medical insurance and long-term disability. 4.7 You will be entitled, in addition to Public and Bank Holidays, to twenty-eight days holiday in every year at times agreed with the Company.. Back to Contents 4.8 If you are absent from work as a result of sickness or injury you shall be entitled to sick pay in accordance with the rules of the prevailing Company sick pay scheme. You will, at the request and expense of the Company, undergo, from time to time, a medical examination. The medical adviser may, at his/her sole discretion, disclose the result of the examination to the Company. 4.9 The Company will reimburse you with the amount of all reasonable hotel, travelling and other expenses properly and necessarily incurred in the performance of your duties. You will make evidence of such expenditure available to the Company as it may from time to time require. 4.10 The Company reserves the right to recover from your salary payments any overpayment of remuneration or other payments, made by mistake or through misrepresentation or for any other reason subject always to the Company giving you fourteen days notice in writing before a deduction is made. Upon termination of your employment the Company may deduct from your final salary payment, or any other termination payments due, an amount equal to any sums you owe to the Company. Back to Contents.

Pay and Benefits. 4.1 With effect from your start date the 1 September 2002 you will be paid salary at the rate of £215,000 214,000 per annum within grade BG2, payable in arrears on or about at the 15th end of each month (or, at the discretion of the Board, earlier). This salary will, unless otherwise agreed in writing with the Company, be inclusive of all fees and other remuneration to which you may be or become entitled as a director of the Company or of any of its subsidiaries or associated companies for the time being. 4.2 This salary will be reviewed on 1 April 2006 reviewed, and thereafter on 1 may be increased in April each yearyear by the Board. The first such review will be in April 2003. Nothing in this Contract will prevent the CompanyBoard, where it thinks fit, from resolving to pay any temporary additional remuneration or bonus or from providing Back to Contents some other benefit to you on the basis that it will not constitute an increase in salary rate for the purpose of this Contract. 4.3 At the discretion of the CompanyBoard, you may be invited to participate in the Company’s Long Term Incentive Scheme and any other incentive schemes that the Company may establish (for example Company Share Option Scheme or Annual Incentive Scheme). Subject to meeting the Company’s eligibility criteria you will be able to participate in the Company’s Sharesave Scheme. Also you will have the opportunity of participating in the Company’s Financial Counselling Scheme. The Company may amend, suspend or terminate these schemes or any parts thereof, at any time. Membership of such schemes is subject to and in accordance with the rules of the relevant scheme. 4.4 You will be entitled to become a member of the Company Pension Scheme. A contracting out certificate is in force in respect of your employment. You will also be entitled to become a member of the Company Supplementary Pension Scheme, which provides you with pension benefits beyond those earned through your membership of the Company Pension Scheme. Membership of such schemes is subject to and in accordance with the rules of the relevant scheme. 4.5 You can participate in the Company Car Scheme which gives you the choice of a company car or a cash in lieu allowance. 4.6 You will be covered by arrangements provided by the Company on terms agreed by the CompanyBoard, covering accident and life insurance, private medical insurance and long-term disability. 4.7 You will be entitled, in addition to Public and Bank Holidays, to twenty-eight days holiday in every year at times agreed with the Company. 4.8 If you are absent from work as a result of sickness or injury you shall be entitled to sick pay in accordance with the rules of the prevailing Company sick pay scheme. You will, at the request and expense of the Company, undergo, from time to time, a medical examination. The medical adviser may, at his/her sole discretion, disclose the result of the examination to the Company. 4.9 The Company will reimburse you with the amount of all reasonable hotel, travelling and other expenses properly and necessarily incurred in the performance of your duties. You will make evidence of such expenditure available to the Company Board as it may from time to time require. 4.10 The Company reserves the right to recover from your salary payments any overpayment of remuneration or other payments, made by mistake or through misrepresentation or for any other reason subject always to the Company giving you fourteen days notice in writing before a deduction is made. Upon termination of your employment the Company may deduct from your final salary payment, or any other termination payments due, an amount equal to any sums you owe to the Company. Back to Contents.

Pay and Benefits. 4.1 With effect from your start date the 1 August 2002 you will be paid salary at the rate of £215,000 300,000 per annum within grade BG2annum, payable in arrears on or about at the 15th end of each month (or, at the discretion of the Board, earlier). This salary will, unless otherwise agreed in writing with the Company, be inclusive of all fees and other remuneration to which you may be or become entitled as a director of the Company or of any of its subsidiaries or associated companies for the time being. 4.2 This salary will be reviewed on 1 April 2006 reviewed, and thereafter on 1 may be increased in April each yearyear by the Board. The first such review will be in April 2003. Nothing in this Contract will prevent the CompanyBoard, where it thinks fit, from resolving to pay any temporary additional remuneration or bonus or from providing Back to Contents some other benefit to you on the basis that it will not constitute an increase in salary rate for the purpose of this Contract. 4.3 At the discretion of the CompanyBoard, you may be invited to participate in the Company’s Long Term Incentive Scheme and any other incentive schemes that the Company may establish (for example Company Share Option Scheme or Annual Incentive Scheme). Subject to meeting the Company’s eligibility criteria you will be able to participate in the Company’s Sharesave Scheme. Also you will have the opportunity of participating in the Company’s Financial Counselling Scheme. The Company may amend, suspend or terminate these schemes or any parts thereof, at any time. Membership of such schemes is subject to and in accordance with the rules of the relevant scheme. 4.4 You will be entitled to become a member of the Company Pension Scheme. A contracting out certificate is in force in respect of your employment. You will also be entitled to become a member of the Company Supplementary Pension Scheme, which provides you with pension benefits beyond those earned through your membership of the Company Pension Scheme. Membership of such schemes is subject to and in accordance with the rules of the relevant scheme. 4.5 You can participate in The Company will provide you with a fully expensed car under the Company Car Scheme which gives terms and conditions agreed by the Board. Alternatively, you may choose to opt out of the choice of a company car or scheme and will receive instead a cash in lieu allowanceallowance as determined by the Board. 4.6 You will be covered by arrangements provided by the Company on terms agreed by the CompanyBoard, covering accident and life insurance, private medical insurance and long-term disability. 4.7 You will be entitled, in addition to Public and Bank Holidays, to twenty-eight days holiday in every year at times agreed with the Company. 4.8 If you are absent from work as a result of sickness or injury you shall be entitled to sick pay in accordance with the rules of the prevailing Company sick pay scheme. You will, at the request and expense of the Company, undergo, from time to time, a medical examination. The medical adviser may, at his/her sole discretion, disclose the result of the examination to the Company. 4.9 The Company will reimburse you with the amount of all reasonable hotel, travelling and other expenses properly and necessarily incurred in the performance of your duties. You will make evidence of such expenditure available to the Company Board as it may from time to time require. 4.10 The Company reserves the right to recover from your salary payments any overpayment of remuneration or other payments, made by mistake or through misrepresentation or for any other reason subject always to the Company giving you fourteen days notice in writing before a deduction is made. Upon termination of your employment the Company may deduct from your final salary payment, or any other termination payments due, an amount equal to any sums you owe to the Company. Back to Contents.