EXHIBIT 4(b) (iv)


GROUP EXECUTIVE DIRECTOR SERVICE
AGREEMENT


THIS EXECUTIVE
SERVICE AGREEMENT is made the 21st day of January 2009


BETWEEN


	
 

	
 

	
 


	
 

	
(1)

	
Lloyds TSB Bank plc (the “Employer”); and


	
 

	
 

	
 


	
 

	
(2)

	
Helen Weir (the “Executive”).





Definitions used in this Agreement are set out in Clause 19.2 below.


IT IS AGREED as follows:


	
 

	
 

	
 

	
 


	
1

	
Appointment
 Pre-Conditions and Term


	
 

	
 

	
 

	
 


	
 

	
Appointment


	
 

	
 

	
 

	
 


	
1.1

	
Provided the
 Executive has satisfied the conditions set out in Clause 1.2 below, the
 Employer shall employ the Executive as Group Executive Director of UK Retail
 Banking, Lloyds Banking Group, or in such other executive capacity as the
 Employer may from time to time reasonably require (the “Employment”).


	
 

	
 

	
 

	
 


	
 

	
Pre-conditions


	
 

	
 

	
 

	
 


	
1.2

	
The Executive’s
 employment is conditional upon:


	
 

	
 

	
 

	
 


	
 

	
 

	
1.2.1

	
the Executive
 having been approved as an “Approved Person” in respect of the Employment by
 the Financial Services Authority under the Financial Services and Markets Act
 2000 (“FSMA
 Approval”),


	
 

	
 

	
 

	
 


	
 

	
 

	
1.2.2

	
the Executive not
 being prevented from taking up employment under this Agreement by any
 obligation or duty owed to a third party, whether contractual or otherwise.


	
 

	
 

	
 

	
 


	
 

	
If the conditions
 are not satisfied then, unless the Employer decides to waive the conditions
 or the parties agree to postpone the Commencement Date until the conditions
 have been satisfied, this Agreement shall not take effect and the Executive
 shall not have any claim for compensation or otherwise against the Employer
 by reason of this.


	
 

	
 

	
 

	
 


	
 

	
Term


	
 

	
 

	
 

	
 


	
1.3

	
The Employment
 shall begin on 19 January 2009 (the “Commencement Date”) and shall continue
 until terminated:


	
 

	
 

	
 

	
 


	
 

	
 

	
1.3.1

	
by not less than
 12 months’ notice given by the Employer to the Executive; or


	
 

	
 

	
 

	
 


	
 

	
 

	
1.3.2

	
by not less than 6
 months’ notice given by the Executive to the Employer; or


	
 

	
 

	
 

	
 


	
 

	
 

	
1.3.3

	
by retirement
 under Clause 1.4; or


	
 

	
 

	
 

	
 


	
 

	
 

	
1.3.4

	
under a provision
 set out in Clause 11.


	
 

	
 

	
 

	
 


	
1.4

	
Whilst the
 Employer’s normal retirement age is sixty five (65), the Executive may opt to
 retire at any time after reaching the age of sixty (60).


	
 

	
 

	
 

	
 


	
1.5

	
The date on which
 any continuous period of employment began with the Employer or a previous
 employer which counts as part of the Executive’s continuous period of
 employment with the Employer for the purposes of the law relating to
 redundancy and unfair dismissal and for the purposes of commencement of
 pensionable service, is 26 April 2004.








	
 


	



	
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EXHIBIT 4(b) (iv)


	
 

	
 

	
 

	
 


	
2

	
Duties
 of the Executive


	
 

	
 

	
 

	
 


	
 

	
General Duties


	
 

	
 

	
 

	
 


	
2.1

	
The Executive will
 during the Employment:


	
 

	
 

	
 

	
 


	
 

	
 

	
2.1.1

	
devote their whole
 time, attention and skill to the Employment during normal office hours and
 during such other times as may reasonably be required for the effective
 performance of the duties under this Agreement;


	
 

	
 

	
 

	
 


	
 

	
 

	
2.1.2

	
properly perform
 the duties set out in this Agreement and properly exercise any powers
 conferred by this Agreement;


	
 

	
 

	
 

	
 


	
 

	
 

	
2.1.3

	
accept any offices
 or directorships as reasonably required by the Employer;


	
 

	
 

	
 

	
 


	
 

	
 

	
2.1.4

	
comply with any
 reasonable directions of the Board;


	
 

	
 

	
 

	
 


	
 

	
 

	
2.1.5

	
comply with all
 rules, regulations policies and codes issued by the Employer that apply to
 the Employment;


	
 

	
 

	
 

	
 


	
 

	
 

	
2.1.6

	
comply with all
 rules, regulations and codes imposed or recommended by any industry or
 regulatory body that apply to the Employment; 


	
 

	
 

	
 

	
 


	
 

	
 

	
2.1.7

	
keep the Chief
 Executive Officer promptly informed of the conduct of the Executive’s duties,
 plans for the future performance of the duties and of any conflict of
 interest to which the Executive is or may become subject;


	
 

	
 

	
 

	
 


	
 

	
 

	
2.1.8

	
comply with any
 policy directions or reasonable other directions issued by the Employer;


	
 

	
 

	
 

	
 


	
 

	
 

	
2.1.9

	
use best
 endeavours to promote the interests and reputation of every Group Company;
 and


	
 

	
 

	
 

	
 


	
 

	
 

	
2.1.10

	
keep the Employer
 advised of the Executive’s current UK residential address.


	
 

	
 

	
 

	
 


	
 

	
Interests of the Executive


	
 

	
 

	
 

	
 


	
2.2

	
The Executive will
 disclose promptly in writing to the Employer any interests (for example,
 shareholdings or directorships) whether or not of a commercial or business
 nature (except interests in any Group Company).


	
 

	
 

	
 

	
 


	
2.3

	
Subject to Clause
 2.4, during the Employment (including any Garden Leave Period) the Executive
 will not be directly or indirectly engaged or concerned in the conduct of any
 activity of a commercial or business nature (except as a representative of
 the Employer or with the written consent of the Chief Executive Officer).


	
 

	
 

	
 

	
 


	
2.4

	
The Executive may
 hold or be interested in investments which amount to not more than one per
 cent of the issued investments of any class or any one company.


	
 

	
 

	
 

	
 


	
2.5

	
The Executive will
 (and will use best endeavours to ensure that the Executive’s spouse and any
 dependents) comply with all rules of law, including Part V of the Criminal
 Justice Act 1993, the Model Code appended to Chapter 16 of the Listing Rules
 of the United Kingdom Listing Authority, the Financial Services Authority’s
 Code of Market Conduct and all other rules, policies or codes applicable to
 the Employer or the Executive from time to time in relation to the holding or
 trading of securities (in each case as amended or replaced from time to
 time).


	
 

	
 

	
 

	
 


	
2.6

	
The Executive will
 not directly or indirectly receive any benefit from any person having or
 seeking to have business transactions with any Group Company (other than
 reasonable corporate hospitality and seasonal or occasional gifts of limited
 value).








	
 


	



	
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EXHIBIT 4(b) (iv)


	
 

	
 


	
 

	
Approved Person


	
 

	
 


	
2.7

	
During the period
 of this Agreement the Executive will not do anything which could cause the
 Executive to be disqualified from continuing to act as a director of any
 member of the Group or lose approval as an “Approved Person” by the
 Financial Services Authority under the Financial Services and Markets Act
 2000 in respect of the Employment.


	
 

	
 


	
 

	
Location


	
 

	
 


	
2.8

	
The Executive’s
 normal place of work shall be 25 Gresham Street, London EC2V 7HN provided
 that the Employer may require the Executive to carry out their duties at such
 other place of business of any Group Company within a radius of 25 miles from
 Gresham Street aforesaid as the Employer may specify. Notwithstanding the
 previous sentence, the Executive may be required to attend such other places
 from time to time as may be reasonably necessary in order to fulfil their
 duties under this Agreement.


	
 

	
 


	
3

	
Remuneration


	
 

	
 


	
3.1

	
During the
 Employment the Employer will pay the Executive a salary of £625,000 per annum
 or such higher salary as may be notified to the Executive from time to time.
 Salary will be paid monthly on or about the 20th day of each month. The
 Executive shall maintain a bank account with a subsidiary of the Lloyds
 Banking Group into which the Executive’s salary shall be paid.


	
 

	
 


	
3.2

	
The Executive
 agrees to waive payment of any director’s fees or other remuneration payable
 in respect of any directorship held by the Executive with any Group Company.


	
 

	
 


	
3.3

	
The Executive will
 be paid such bonus at such times and subject to such conditions as the
 Employer in its sole and absolute discretion may from time to time determine.
 In accordance with clause 4.10 below payment of such a bonus or participation
 in a bonus scheme is not a contractual entitlement.


	
 

	
 


	
3.4

	
The Executive will
 be entitled to participate in any all-employee share schemes or other
 benefits, or to be considered for participation in any discretionary scheme,
 operated or offered by the Employer or any Group Company from time to time in
 accordance with the relevant rules (including without limitation any rules as
 to eligibility). In accordance with clause 4.10 below participation in any
 share option, share incentive or other employee benefit plan, scheme or
 arrangement is not a contractual entitlement.


	
 

	
 


	
4

	
Pension
 and Other Benefits


	
 

	
 


	
 

	
Pension


	
 

	
 


	
4.1

	
Pension
 arrangements until Change Date


	
 

	
 


	
 

	
Until the Change
 Date (as defined in paragraph 4.2) (or leaving Employment, if earlier), the
 Executive shall be entitled to continue to participate in the Lloyds TSB
 Group Pension Scheme No.2 Pension Investment Plan (the “Current Scheme”) subject
 to and in accordance with the terms of its deed and rules from time to time. 


	
 

	
 


	
 

	
Subject to this
 (including in particular to the rights of any person to amend or terminate
 the Current Scheme) and to the remainder of this Clause 4, the Executive’s
 membership will continue on the basis applicable to the Executive immediately
 prior to the date of the








	
 


	



	
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EXHIBIT 4(b) (iv)


	
 

	
 

	
 


	
 

	
Agreement save
 that the Employer’s contribution will be 25% of the Executive’s annual salary
 as set out in Clause 3.1 above. 


	
 

	
 

	
 


	
 

	
If the Executive
 is receiving a pension allowance instead of or in addition to contributions
 to a Lloyds TSB Group Pension Scheme the Executive will continue to do so on
 the same basis as applied immediately prior to the date of the Agreement.


	
 

	
 

	
 


	
 

	
Currently, a
 Contracting-Out Certificate pursuant to the provisions of the Pensions Act
 1995 is in force in respect of the Executive’s employment.


	
 

	
 

	
 


	
4.2

	
Changes to pension
 arrangements


	
 

	
 

	
 


	
 

	
The Executive
 acknowledges that the Employer intends to replace the Current Scheme with
 effect from a date to be confirmed but which will be no earlier than 1 July
 2009 (the “Change Date”). The Employer will give the Executive at least 1
 month’s prior written notice confirming the date which is to be the Change
 Date.


	
 

	
 

	
 


	
 

	
If the Executive
 is still in Employment on the Change Date, the Executive will cease to accrue
 benefits under the Current Scheme and will be treated as having left service
 for the purposes of the Current Scheme at midnight on the Change Date. 


	
 

	
 

	
 


	
 

	
By signing this
 contract, the Executive agrees:


	
 

	
 

	
 


	
 

	
(a)

	
that the Executive
 will cease to accrue benefits under the Current Scheme at midnight on the
 Change Date and will be treated as having become a deferred member of the Current
 Scheme with effect from that date;


	
 

	
 

	
 


	
 

	
(b)

	
the Executive will
 do all things which the Employer directs the Executive to do to give effect
 to this including, without limitation, opting out of the Current Scheme,
 consenting to any amendments to the Current Scheme and completing any
 documentation which the Trustee of the Current Scheme may require.


	
 

	
 

	
 


	
 

	
If the Employer
 designates the Current Scheme for the purposes of 4.3, this Clause will apply
 with the necessary modifications.


	
 

	
 

	
 


	
4.3

	
Pension arrangements
 from the Change Date


	
 

	
 

	
 


	
 

	
If the Executive
 is still in Employment on the day immediately following the Change Date, the
 Employer will offer the Executive the opportunity to join a defined
 contribution pension arrangement selected by the Employer (the “New Scheme”)
 with effect from the day following the Change Date. The New Scheme may (but
 need not) be within the Current Scheme.


	
 

	
 

	
 


	
 

	
The Employer will
 contribute an amount equal to 25% of the Executive’s annual salary referred
 to in Clause 3.1 from time to time to the New Scheme. The Executive’s
 membership of the New Scheme will be subject to and in accordance with the
 terms of its governing documentation in force from time to time (including in
 particular to the rights of any person to amend or terminate the New Scheme).
 The Executive will be notified before the Change Date of the terms of the New
 Scheme as they apply to the Executive.


	
 

	
 

	
 


	
 

	
Joining the New
 Scheme will be subject to any requirements under the governing documentation
 or imposed by any provider (including without limitation any completion of
 application forms and provision of evidence of health).


	
 

	
 

	
 


	
 

	
If the Executive
 does not join the New Scheme on the day immediately following the Change Date
 or subsequently opts out, the Employer will pay the Executive an amount 








	
 


	



	
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EXHIBIT 4(b) (iv)


	
 

	
 


	
 

	
equal to 25% of
 the annual salary referred to in Clause 3.1 from time to time as a
 non-pensionable cash supplement. The Employer may also at its option permit
 the Executive to opt for contributions to be paid to the New Scheme at a rate
 less than 25% of the annual salary referred to in Clause 3.1 with the balance
 of this amount being paid as a non-pensionable cash supplement. The Employer
 may impose restrictions including, without limitation, a minimum amount which
 must be paid as pension contributions.


	
 

	
 


	
 

	
The Executive
 acknowledges that in signing this contract the Executive will be deemed to
 have opted out of the “personal accounts” arrangements due to be implemented
 from 2012 in the United Kingdom (except and to the extent that this is the
 arrangement which the Employer designates as the New Scheme).


	
 

	
 


	
 

	
The Employer does
 not currently expect that a Contracting-Out Certificate pursuant to the
 provisions of the Pensions Act 1995 will be in force in respect of the
 Executive’s employment after the Change Date.


	
 

	
 


	
4.4

	
Rights of the
 Employer


	
 

	
 


	
 

	
The Employer shall
 be entitled at any time to terminate or vary the Current Scheme or the New
 Scheme or the Executive’s membership of it provided that if it does so before
 the Change Date it will provide an alternative pension scheme for the
 Executive to participate in. 


	
 

	
 


	
 

	
Car Scheme


	
 

	
 


	
4.5

	
During the
 Employment the Employer shall provide the Executive with a company car subject
 to and in accordance with the rules of the Employer’s car scheme from time to
 time. The Executive may opt instead for a non pensionable cash allowance
 payable each month. Upon termination of the Employment, the Executive shall
 return any car provided by the Employer in good condition (allowing for fair
 wear and tear).


	
 

	
 


	
 

	
Life Cover


	
 

	
 


	
4.6

	
The Executive will
 be provided with Life Cover. The amount of Life Cover in the event of the
 Executive’s death during the Employment will be equal to four times the
 annual salary set out in Clause 3.1 irrespective of whether or not the
 Executive is a member of the Lloyds TSB Group Pension Scheme (No 2). Such
 Life Cover will be provided under the terms of the Lloyds TSB Group Pension
 Scheme (No.2) (subject to the proviso that any Life Cover in excess of the
 Lifetime Allowance applicable to registered pension schemes will be provided
 by the Employer).


	
 

	
 


	
 

	
Private Medical Cover


	
 

	
 


	
4.7

	
Provided the
 Executive complies with any eligibility requirements or other conditions from
 time to time set by the Employer and any supplier appointed by the Employer,
 the Executive may participate, during the Employment, in the Employer’s
 private health scheme. Private health cover is provided subject to and in
 accordance with such terms from time to time on which any appointed supplier
 provides cover and on such terms as the Employer may from time to time notify
 to the Executive. Those private health cover arrangements may be reduced,
 varied or withdrawn by the Employer at any time and at its sole and absolute
 discretion.


	
 

	
 


	
4.8

	
Executive Health
 Screening


	
 

	
 


	
 

	
The Executive will
 be eligible to receive, and expected to undertake, an annual confidential
 executive medical screening by a supplier appointed by the Employer.








	
 


	



	
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Deductions


	
 

	
 


	
4.9

	
For the avoidance
 of doubt, any and all remuneration or benefits provided by virtue of this
 Agreement shall be subject to such deductions for tax and National Insurance
 as the Employer is required to make by law or the tax and/or National
 Insurance authorities. 


	
 

	
 


	
 

	
Other Benefits


	
 

	
 


	
4.10

	
The Executive
 acknowledges that (except for any specific awards or entitlements notified to
 the Executive individually or by a general notice to staff) participation in
 any bonus, share option, share incentive or other employee benefit plan,
 scheme or arrangement (“Plan”) is not a contractual entitlement and on
 termination of the Employment the Executive will have no right to
 compensation or otherwise against the Employer or any other member of the
 Group by reason of no longer being able to participate in any such Plan.


	
 

	
 


	
5

	
Expenses 


	
 

	
 


	
5.1

	
The Employer will
 refund to the Executive all reasonable expenses properly incurred by the
 Executive in performing the duties under this Agreement, provided that these
 are incurred in accordance with the Employer’s policy from time to time. The
 Employer will require the Executive to produce receipts or other documents as
 proof for any expenses claimed.


	
 

	
 


	
6

	
Holiday 


	
 

	
 


	
6.1

	
The Executive
 shall be entitled during the Employment to 30 working days holiday in each
 calendar year plus bank holidays. Holiday may only be taken at such time or
 times as the Chief Executive Officer shall approve. The Executive’s holiday
 entitlement shall be pro rated for the year in which the Employment begins
 and for the year in which the Employment ends.


	
 

	
 


	
7

	
Confidentiality


	
 

	
 


	
7.1

	
Without prejudice
 to the common law duties which the Executive owes to the Employer, the
 Executive agrees to preserve the confidentiality of any trade secrets and/or
 confidential information belonging or relating to the Employer or its
 employees or relating to the Works, in whatever form (written, oral, visual
 and electronic), whether of a technical or commercial nature, disclosed to
 the Executive by or on behalf of the Employer or its employees or otherwise
 comes under the control of the Executive in the course of the Employment (“Confidential
 Information”), and agrees not to (except in so far as may be
 strictly necessary for the proper performance of the duties under this
 Agreement or with the prior written consent of the Employer), copy, use,
 discuss with or disclose to any third party any Confidential Information.
 This provision will not apply to Confidential Information which becomes
 public other than through unauthorised disclosure by the Executive. The
 Executive will use best endeavours to prevent the unauthorised copying, use
 or disclosure of such information by any third party.


	
 

	
 


	
7.2

	
In the course of
 the Employment the Executive is likely to obtain Confidential Information
 belonging or relating to other Group Companies or other persons. The
 Executive will treat such information as if it falls within the terms of
 Clause 7.1 and Clause 7.1 will apply with any necessary amendments to such
 information. If requested to do so by the Employer, the Executive will enter
 into an agreement with other Group Companies or any other persons in the same
 terms as Clause 7.1 with any amendments necessary to give effect to this
 provision.








	
 


	



	
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7.3

	
The Executive
 agrees not to, either during or after the termination of the Employment
 (without the written consent of the Employer) make any public announcement,
 statement or comment (whether to the media or otherwise) concerning:


	
 

	
 

	
 

	
 


	
 

	
 

	
7.3.1

	
the affairs of the
 Employer or any other Group Company;


	
 

	
 

	
 

	
 


	
 

	
 

	
7.3.2

	
the circumstances
 of the termination of the Employment and any offices with any other Group
 Company; or


	
 

	
 

	
 

	
 


	
 

	
 

	
7.3.3

	
anything that may
 be detrimental to the Employer or any other Group Company, 


	
 

	
 

	
 

	
 


	
 

	
except as required
 by law or any regulatory body.


	
 

	
 

	
 

	
 


	
7.4

	
Nothing in this
 Agreement will prevent the Executive from making a “protected disclosure” in
 accordance with the provisions of the Employment Rights Act 1996.


	
 

	
 

	
 

	
 


	
8

	
Intellectual
 Property Rights


	
 

	
 

	
 

	
 


	
8.1

	
The Executive
 shall prepare, maintain and promptly disclose to the Employer immediately on
 creation full written details of all Works made, created or developed, wholly
 or partially, by the Executive at any time during the course of the
 Employment (whether or not during working hours or using Group premises or
 resources). The Executive acknowledges that all Intellectual Property Rights
 subsisting (or which may in the future subsist) in any Work shall
 automatically, on creation, vest in the Employer absolutely. To the extent
 that they do not vest automatically, the Executive hereby assigns (or where
 immediate assignment is not effective, agrees to assign) to the Employer,
 with full title guarantee, all the Executive’s Intellectual Property Rights
 in any Work. Pending assignment, the Executive shall hold the Intellectual
 Property Rights on trust for the Employer. The Executive agrees to promptly
 execute all documents and do all acts as may, in the opinion of the Employer,
 be necessary to give effect to this Clause 8.1.


	
 

	
 

	
 

	
 


	
8.2

	
So far as
 permitted by applicable laws, the Executive hereby irrevocably waives all
 moral rights under Chapter IV (Moral Rights) of Part 1 of the Copyright,
 Designs and Patents Act 1988 (and all similar rights in other jurisdictions),
 which he may have or will have in any Work.


	
 

	
 

	
 

	
 


	
8.3

	
The Executive
 hereby irrevocably appoints the Employer to act as the Executive’s attorney
 to do everything necessary to give the Employer the full benefit of the
 rights under this Clause 8. 


	
 

	
 

	
 

	
 


	
8.4

	
The rights and
 obligations of the parties under this Clause 8 shall continue after expiry or
 termination of this Agreement and are binding on personal representatives of
 the Executive.


	
 

	
 

	
 

	
 


	
9

	
Garden
 Leave and Suspension


	
 

	
 

	
 

	
 


	
 

	
Garden Leave


	
 

	
 

	
 

	
 


	
9.1

	
At any time after
 notice to terminate the Employment is given by either party, or if the
 Executive resigns without giving due notice and the Employer does not accept
 the Executive’s resignation, the Employer may require the Executive to take a
 period of absence called garden leave (the “Garden Leave Period”). The
 Garden Leave Period shall last for such period or periods of the notice
 period as the Employer shall in its absolute discretion determine. The
 provisions of Clause 9.2 to Clause 9.8 apply to any Garden Leave Period.








	
 


	



	
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EXHIBIT 4(b) (iv)


	
 

	
 

	
 

	
 


	
9.2

	
During the Garden
 Leave Period the Executive will not, without prior written consent of the
 Chief Executive Officer, be employed or otherwise engaged in the conduct of
 any activity, whether or not of a business nature. The Employer will have no
 obligation to provide work to the Executive during the Garden Leave Period.
 Further, the Executive will not, unless requested by the Employer:


	
 

	
 

	
 

	
 


	
 

	
 

	
9.2.1

	
enter or attend
 the premises of the Employer or any other Group Company; or


	
 

	
 

	
 

	
 


	
 

	
 

	
9.2.2

	
contact or have
 any communication with any customer or client of the Employer or any other
 Group Company in relation to the business of the Employer or any other Group
 Company; or


	
 

	
 

	
 

	
 


	
 

	
 

	
9.2.3

	
contact or have
 any communication with any employee, officer, director, agent or consultant
 of the Employer or any other Group Company in relation to the business of the
 Employer or any other Group Company; or


	
 

	
 

	
 

	
 


	
 

	
 

	
9.2.4

	
remain or become
 involved in any aspect of the business of the Employer or any other Group
 Company except as required by such companies.


	
 

	
 

	
 

	
 


	
9.3

	
During the Garden
 Leave Period the Executive shall be available to deal with requests for
 information, be available for meetings (unless the Employer has agreed in
 writing that the Executive may be unavailable for a period) and to advise on
 matters relating to work.


	
 

	
 

	
 

	
 


	
9.4

	
During the Garden
 Leave Period the Employer may require the Executive to comply with the
 provisions of Clause 12, except that there will be no requirement to return
 any company car in the possession of the Executive. The Employer may also
 require the Executive to resign immediately from any directorship held in the
 Employer, any other Group Company or any other company where such
 directorship is held as a consequence or requirement of the Employment,
 unless the Executive is required by the Employer to perform duties to which
 any such directorship relates in which case the Executive may retain such
 directorships while those duties are ongoing. The Executive hereby
 irrevocably appoints the Employer to be the Executive’s attorney to execute
 any instrument and do anything in the Executive’s name and on their behalf to
 effect the Executive’s resignation if the Executive fails to do so in
 accordance with this Clause 9.4


	
 

	
 

	
 

	
 


	
9.5

	
During the Garden
 Leave Period, the Executive will be entitled to receive the salary and all
 contractual benefits in accordance with the terms of this Agreement. For the
 avoidance of doubt and in accordance with clause 4.10 above the Executive
 shall not be entitled to participate in any bonus or other such incentive
 scheme. Any unused holiday accrued at the commencement of the Garden Leave
 Period and any holiday accrued during any Garden Leave Period will be deemed
 to be taken by the Executive during the Garden Leave Period in relation to
 day(s) (not being a Saturday, Sunday, public or bank holiday) during which
 the Executive was not required to deal with information requests, attend a
 meeting or give advice.


	
 

	
 

	
 

	
 


	
9.6

	
The Executive
 agrees and acknowledges that during any Garden Leave Period the Employer may
 appoint another person to carry out duties in substitution of the Executive.


	
 

	
 

	
 

	
 


	
9.7

	
At the end of the
 Garden Leave Period, the Employer may, at its sole and absolute discretion,
 pay the Executive basic salary alone in lieu of the balance of any period of
 notice given by the Employer or the Executive (less any deductions the
 Employer is required by law to make).


	
 

	
 

	
 

	
 


	
9.8

	
All duties of the
 Employment (whether express or implied), including, but not limited to, the
 Executive’s duties of fidelity, good faith and under Clauses 2.1, 2.2 and 2.3
 shall continue throughout the Garden Leave Period. 








	
 


	



	
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EXHIBIT 4(b) (iv)


	
 

	
 

	
 

	
 


	
 

	
Suspension


	
 

	
 

	
 

	
 


	
9.9

	
Without prejudice
 to the Executive’s rights to remuneration and other benefits hereunder, the
 Employer shall have the right at any time to require the Executive not to
 attend at any place of work or otherwise to suspend the Executive from the
 performance of any duties under this Agreement. During the period of such
 suspension the Employer may assign the Executive’s duties, titles or powers
 to another. Further, during such period of suspension the Employer shall be
 under no obligation to vest in or assign to the Executive any powers or
 duties or to provide any work to the Executive. For the avoidance of doubt,
 during any period of suspension the rights of the Employer and duties of the
 Executive set out in clauses 9.2 – 9.8 above shall apply


	
 

	
 

	
 

	
 


	
10

	
Restrictions
 after termination of Employment


	
 

	
 

	
 

	
 


	
10.1

	
The Executive is
 likely to obtain Confidential Information and personal knowledge of and
 influence over employees of the Group during the course of the Employment. To
 protect these interests of the Employer, the Executive agrees with the
 Employer that the Executive will be bound by the following:


	
 

	
 

	
 

	
 


	
 

	
 

	
10.1.1

	
throughout the
 Employment and during the period of 6 months commencing with the Relevant
 Date the Executive will not (either on their own behalf or with any other
 person, whether directly or indirectly) be employed in, or carry on (or be a
 director of any company engaged in) any business which, is or is about to be
 in competition with any business of the Employer (or any other member of the
 Group) being carried on by such company at the Relevant Date provided the
 Executive was concerned or involved with that business to a material extent
 at any time during the 12 months prior to the Relevant Date; 


	
 

	
 

	
 

	
 


	
 

	
 

	
10.1.2

	
throughout the
 Employment and during the period of 12 months commencing on the Relevant Date
 the Executive will not (either on their own behalf or for or with any other
 person, whether directly or indirectly) entice or try to entice away from the
 Employer or (as the case may be) any other Group Company any Restricted
 Employee:


	
 

	
 

	
 

	
 


	
 

	
 

	
10.1.3

	
throughout the
 Employment and during the period of 12 months commencing on the Relevant Date
 the Executive will not (either on their own behalf or for or with any other
 person, whether directly or indirectly) employe or engage to try to employ or
 engage any Restricted Employee;


	
 

	
 

	
 

	
 


	
 

	
 

	
10.1.4

	
throughout the
 Employment and during the period of 12 months commencing on the Relevant Date
 the Executive will not (either on their own behalf or for or with any other
 person, whether directly or indirectly) canvass, solicit or attempt to entice
 away from the Employer or (as the case may be) any other member of the Group
 any business of any Relevant Customer or Prospective Customer in respect of
 the Relevant Services; and


	
 

	
 

	
 

	
 


	
 

	
 

	
10.1.5

	
throughout the
 Employment and during the period of 12 months commencing on the Relevant Date
 the Executive will not interfere or endeavour to interfere with the
 continuance of supplies to the Employer and/or any other member of the Group
 or the terms relating to those supplies by any Relevant Supplier. 


	
 

	
 

	
 

	
 


	
10.2

	
Following the
 Termination Date, the Executive will not hold out as being in any way
 connected with the businesses of the Employer or of any other member of the
 Group (except to the extent agreed by such a company).









	
 


	



	
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EXHIBIT 4(b) (iv)


	
 

	
 

	
 

	
 


	
10.3

	
Any benefit given or
 deemed to be given by the Executive to any Group Company under the terms of
 Clause 10 is received and held on trust by the Employer for the relevant
 Group Company. The Executive will enter into appropriate restrictive
 covenants directly with other Group Companies if asked to do so by the
 Employer. 


	
 

	
 

	
 

	
 


	
10.4

	
The Executive
 acknowledges that the provisions of this Clause are fair, reasonable and
 necessary in order to protect the Confidential Information and business
 connections of the Employer, and any other member of the Group, to which the
 Executive has access as a result of the Employment


	
 

	
 

	
 

	
 


	
10.5

	
Each of the
 obligations in this Clause 10 is an entirely separate and independent
 restriction on the Executive. If any part is found to be invalid or
 unenforceable the remainder will remain valid and enforceable.


	
 

	
 

	
 

	
 


	
10.6

	
The Executive
 acknowledges and agrees to draw the provisions of this Clause 10 to the
 attention of any third party who may at any time before or after the
 termination of the Employment offer to employ or engage the Executive in any
 capacity and for whom or with whom the Executive intends to work during the
 12 months following the Termination Date. 


	
 

	
 

	
 

	
 


	
11

	
Termination


	
 

	
 

	
 

	
 


	
 

	
Summary Dismissal


	
 

	
 

	
 

	
 


	
11.1

	
The Employer may
 terminate the Employment at any time forthwith by written notice to the
 Executive (and without any requirement of prior notice) if the Executive
 shall:-


	
 

	
 

	
 

	
 


	
 

	
 

	
11.1.1

	
commit any
 material breach, or continue (after written warning) to commit any breach, of
 the obligations under this Agreement;


	
 

	
 

	
 

	
 


	
 

	
 

	
11.1.2

	
be guilty of any
 material misconduct or material neglect in the discharge of the duties;


	
 

	
 

	
 

	
 


	
 

	
 

	
11.1.3

	
have a bankruptcy
 order made against them or make any arrangement or composition with the
 Executive’s creditors or have an interim order made against them pursuant to
 the Insolvency Act 1986 (or any re-enactment or amendment thereof for the
 time being in force);


	
 

	
 

	
 

	
 


	
 

	
 

	
11.1.4

	
be convicted of
 any criminal offence which in the reasonable opinion of the Employer affects
 the Executive’s position as an employee under this Agreement;


	
 

	
 

	
 

	
 


	
 

	
 

	
11.1.5

	
bring the name or
 reputation of the Executive or Employer, or any Group Company into disrepute;


	
 

	
 

	
 

	
 


	
 

	
 

	
11.1.6

	
be or become
 prohibited by law from becoming or remaining a director; 


	
 

	
 

	
 

	
 


	
 

	
 

	
11.1.7

	
be disqualified or
 disbarred from membership of, or be found to have committed any serious
 disciplinary offence by, or be found not to be a fit and proper person by,
 any professional or regulatory body governing the conduct of the Executive or
 the business of any Group Company; 


	
 

	
 

	
 

	
 


	
 

	
 

	
11.1.8

	
cease to have FSMA
 Approval; or


	
 

	
 

	
 

	
 


	
 

	
 

	
11.1.9

	
cease to be
 entitled to work in the UK.


	
 

	
 

	
 

	
 


	
11.2

	
Where the
 Executive has been summarily dismissed or where the Executive terminates the
 Employment in breach of the notice provisions in Clause 1.3.2, the calculation
 of any payment in lieu of outstanding holiday entitlement owed by the
 Employer to the Executive shall be calculated as being £1. 








	
 


	



	
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EXHIBIT 4(b) (iv)


	
 

	
 

	
 

	
 


	
 

	
Absence Dismissal


	
 

	
 

	
 

	
 


	
11.3

	
If the Executive
 (owing to sickness, injury or otherwise) does not perform the duties under
 this Agreement for a period of at least 26 weeks (or at least 26 weeks in
 aggregate in any period of twelve months) the Employer shall be entitled to
 terminate the Employment by giving to the Executive not less than 3 months’
 notice at any time while the Executive does not perform the duties and the
 Executive shall have no claim for compensation or otherwise against the
 Employer by reason of such termination.


	
 

	
 

	
 

	
 


	
 

	
Reconstructions or amalgamation


	
 

	
 

	
 

	
 


	
11.4

	
If employment of
 the Executive under this Agreement is terminated by reason of the liquidation
 of the Employer for the purpose of reconstruction or amalgamation and the
 Executive is offered employment with any concern or undertaking resulting
 from the reconstruction or amalgamation on terms and conditions materially no
 less favourable overall than the terms of this Agreement, then the Executive
 shall have no claim against the Employer in respect of the termination of the
 Employment (whether or not the notice required by Clause 1.3 shall have been
 given).


	
 

	
 

	
 

	
 


	
 

	
Payment in lieu of notice


	
 

	
 

	
 

	
 


	
11.5

	
The Employer may,
 at any time in its absolute discretion elect to terminate the Employment and
 this Agreement with immediate effect by summary written notice to the
 Executive by paying to the Executive, in lieu of the notice period referred
 to in Clause 1.3 or any part thereof, an amount equivalent to the basic
 salary for such period or part period. Such payment may either be made in
 accordance with Clause 11.7 or, in the Employer’s absolute discretion, in a
 lump sum for the outstanding basic salary in lieu of notice. Such a payment
 or payments shall be subject to such deductions for tax and national
 insurance as are required by law and to any other authorised deductions.


	
 

	
 

	
 

	
 


	
11.6

	
For the avoidance
 of doubt:-


	
 

	
 

	
 

	
 


	
 

	
(i)

	
If the Employer
 terminates the Executive’s employment other than in accordance with its
 rights under this Agreement any entitlement to damages for breach of contract
 will be assessed on normal common law principles (including the Executive’s
 obligation to mitigate any losses); and


	
 

	
 

	
 

	
 


	
 

	
(ii)

	
The right of the
 Employer to make a payment in lieu of notice does not give rise to any right
 for the Executive to receive such a payment.


	
 

	
 

	
 

	
 


	
11.7

	
 

	
 

	
 


	
 

	
 

	
 

	
 


	
 

	
11.7.1

	
 

	
Subject to Clause
 11.7.2, and unless the Employer has decided to make a payment in a lump sum
 for the outstanding basic salary in lieu of notice, the Employer will pay any
 sums due under Clause 11.5 in monthly instalments over the period until the
 date on which notice, if it had been served in accordance with Clause 1.3,
 would have expired (the “Relevant Period”).


	
 

	
 

	
 

	
 


	
 

	
11.7.2

	
 

	
The Executive is
 obliged to seek alternative income over the Relevant Period and to disclose
 the gross amount of any such income to the Employer as evidenced by payslips
 and/or invoices in a timely manner. The Employer’s future monthly instalment
 payments pursuant to Clause 11.7.1 shall then be reduced by the gross amount
 of such alternative income earned in respect of any part of the Relevant
 Period.


	
 

	
 

	
 

	
 


	
 

	
11.7.3

	
 

	
Payments shall be
 subject to such deductions for tax and national insurance contributions as
 are required by law and to any other authorised deductions. 








	
 


	



	
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EXHIBIT 4(b) (iv)


	
 

	
 

	
 

	
 


	
12

	
Return
 of Property


	
 

	
 

	
 

	
 


	
12.1

	
The Executive will
 immediately upon the termination of the Employment return to the Employer at
 such place as the Employer may reasonably specify


	
 

	
 

	
 

	
 


	
 

	
 

	
12.1.1

	
all documents and
 other materials (whether originals or copies) made or compiled by or
 delivered to the Executive during the Employment and concerning any Group
 Company, including any Confidential Information and will not retain any
 copies of such documents or materials; and


	
 

	
 

	
 

	
 


	
 

	
 

	
12.1.2

	
all other property
 belonging or relating to any Group Company, in good condition (allowing for
 fair wear and tear).


	
 

	
 

	
 

	
 


	
13

	
Directorships


	
 

	
 

	
 

	
 


	
13.1

	
The Executive’s
 office in any Group Company is subject to the Articles of Association of the
 relevant company (as amended from time to time). If the provisions of this
 Agreement conflict with the provisions of the Articles of Association, the
 Articles of Association will prevail.


	
 

	
 

	
 

	
 


	
13.2

	
The Executive must
 resign from any office held in any Group Company if asked at any time to do
 so by the Employer. 


	
 

	
 

	
 

	
 


	
13.3

	
By entering into
 this Agreement, the Executive irrevocably appoints the Employer as attorney
 to act in the Executive’s name and on the Executive’s behalf to execute any
 document or do anything in the Executive’s name necessary to effect the
 Executive’s resignation in accordance with Clause 13.2. If there is any doubt
 as to whether such a document (or other thing) has been carried out within
 the authority conferred by this Clause 13.3, a certificate in writing (signed
 by any director or the secretary of the Employer) will be sufficient to prove
 that the act or thing falls within that authority.


	
 

	
 

	
 

	
 


	
13.4

	
The termination of
 any directorship or other office held by the Executive will not terminate the
 Executive’s employment or amount to a breach of terms of this Agreement by
 the Employer.


	
 

	
 

	
 

	
 


	
13.5

	
During the
 Employment the Executive will not do anything which could cause the Executive
 to be disqualified from continuing to act as a director of any Group Company.
 


	
 

	
 

	
 

	
 


	
13.6

	
The Executive must
 not resign office as a director of any Group Company without the agreement of
 the Employer.


	
 

	
 

	
 

	
 


	
14

	
Disciplinary
 and Grievance Procedures


	
 

	
 

	
 

	
 


	
14.1

	
Any disciplinary
 matter affecting the Executive will be dealt with by the Chief Executive
 Officer.


	
 

	
 

	
 

	
 


	
14.2

	
If the Executive
 has any grievance relating to their employment such grievance should be made
 in writing to the Chief Executive Officer. If the Executive is dissatisfied
 with the Chief Executive Officer’s treatment of the grievance, the matter may
 be referred to the Chairman or another non-executive Director. 


	
 

	
 

	
 

	
 


	
15

	
Miscellaneous
 Conditions of Employment


	
 

	
 

	
 

	
 


	
15.1

	
The provisions of
 the Employer’s Staff Manual (access to which has been and will remain
 available to the Executive) shall not apply to the Executive’s employment
 with the Employer or form part of this Agreement except for the following
 provisions:-








	
 


	



	
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EXHIBIT 4(b) (iv)


	
 

	
 

	
 

	
 


	
 

	
 

	
15.1.1

	
Paragraph 1.12
 Information Security


	
 

	
 

	
 

	
 


	
 

	
 

	
15.1.2

	
Paragraph 1.18
 Personal Account Dealing


	
 

	
 

	
 

	
 


	
 

	
 

	
15.1.3

	
Paragraph 1.22
 Sick Pay 


	
 

	
 

	
 

	
 


	
 

	
 

	
15.1.4

	
Paragraph 1.23
 Sickness absence reporting


	
 

	
 

	
 

	
 


	
 

	
 

	
15.1.5

	
Paragraph 1.24
 Smoking Policy


	
 

	
 

	
 

	
 


	
 

	
If there is any
 conflict between this Agreement and such provisions, then this Agreement
 shall prevail.


	
 

	
 

	
 

	
 


	
15.2

	
There are no
 collective agreements affecting the employment of the Executive.


	
 

	
 

	
 

	
 


	
16

	
Contracts
 (Rights of Third Parties) Act 1999 and Data Protection Act 1998


	
 

	
 

	
 

	
 


	
16.1

	
No person other
 than the parties to this Agreement or any Group Company shall have any right
 to enforce any term of this Agreement under The Contracts (Rights of Third
 Parties) Act 1999.


	
 

	
 

	
 

	
 


	
16.2

	
For the purposes
 of the Data Protection Act 1998 (the “Act”) the Executive consents to the
 holding, processing and disclosure of personal data (including sensitive data
 within the meaning of the Act) provided by the Executive to the Employer for
 all purposes relating to the performance of this Agreement including, but not
 limited to:


	
 

	
 

	
 

	
 


	
 

	
 

	
16.2.1

	
administering and
 maintaining personnel records;


	
 

	
 

	
 

	
 


	
 

	
 

	
16.2.2

	
paying and
 reviewing salary and other remuneration and benefits;


	
 

	
 

	
 

	
 


	
 

	
 

	
16.2.3

	
providing and
 administering benefits (including if relevant, pension, life assurance,
 permanent health insurance and medical insurance);


	
 

	
 

	
 

	
 


	
 

	
 

	
16.2.4

	
undertaking
 performance appraisals and reviews;


	
 

	
 

	
 

	
 


	
 

	
 

	
16.2.5

	
maintaining
 sickness and other absence records;


	
 

	
 

	
 

	
 


	
 

	
 

	
16.2.6

	
taking decisions
 as to the Executive’s fitness for work;


	
 

	
 

	
 

	
 


	
 

	
 

	
16.2.7

	
providing
 references and information to future employers, and if necessary,
 governmental and quasi-governmental bodies for social security and other
 purposes, Her Majesty’s Revenue and Customs and the Contributions Agency;


	
 

	
 

	
 

	
 


	
 

	
 

	
16.2.8

	
providing
 information to future purchasers of the Employer or of the business in which
 the Executive works; and


	
 

	
 

	
 

	
 


	
 

	
 

	
16.2.9

	
transferring
 information concerning the Executive to a country or territory outside the
 EEA.


	
 

	
 

	
 

	
 


	
 

	
The Executive
 acknowledges that during the employment the Executive will have access to and
 process, or authorise the processing of personal data and sensitive personal
 data relating to employees, customers and other individuals held and
 controlled by the Employer. The Executive agrees to comply with the terms of
 the Act in relation to such data and to abide by the Employer’s data
 protection policy issued from time to time.


	
 

	
 

	
 

	
 


	
17

	
Other
 Agreements


	
 

	
 

	
 

	
 


	
17.1

	
This Agreement
 shall be in substitution for all existing contracts of service or consultancy
 between the Employer or any Group Company and the Executive, which (without
 prejudice to any accrued rights) shall be treated as cancelled with effect
 from the Commencement Date.








	
 


	



	
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17.2

	
This Agreement
 comprises the whole agreement between the Employer and the Executive relating
 to the Employment, to the exclusion of all other warranties, representations
 made in good faith, undertakings and collateral contracts.


	
 

	
 

	
 

	
 


	
18

	
Notices


	
 

	
 

	
 

	
 


	
 

	
Any notice under
 this Agreement shall be in writing and shall either be given personally or be
 sent by prepaid first class post by the Employer to the Executive at their
 home address notified to the Employer pursuant to Clause 2.1 or at any other
 last known UK residential address, or by the Executive to the Employer at its
 address stated above or its other last known address. Any notice sent by the
 Employer by post shall be deemed to have been received two business days
 after the date of posting.


	
 

	
 

	
 

	
 


	
19

	
Interpretation


	
 

	
 

	
 

	
 


	
 

	
General


	
 

	
 

	
 

	
 


	
19.1

	
In this Agreement:


	
 

	
 

	
 

	
 


	
 

	
 

	
19.1.1

	
where the context
 permits, references to the singular shall include references to the plural
 and vice versa;


	
 

	
 

	
 

	
 


	
 

	
 

	
19.1.2

	
the Employer’s
 Staff Manual shall mean the current manual of the Employer entitled “People
 Policies and Practice”, as may be amended or replaced by the Employer from
 time to time at its sole and absolute discretion. Upon any amendment or
 replacement, the references to the paragraphs and sections of the now current
 Employer’s Staff Manual in Clause 15.1 shall be construed so as to be
 references to the provisions of the amended or replaced Employer’s Staff
 Manual dealing with the same subject matter;


	
 

	
 

	
 

	
 


	
 

	
 

	
19.1.3

	
references to a
 Clause mean a Clause in this Agreement;


	
 

	
 

	
 

	
 


	
 

	
 

	
19.1.4

	
Clause headings
 are inserted for convenience only and shall not affect the construction of
 this Agreement.


	
 

	
 

	
 

	
 


	
 

	
Definitions


	
 

	
 

	
 

	
 


	
19.2

	
In this Agreement
 unless the context otherwise requires:


	
 

	
 

	
 

	
 


	
 

	
“Board”
 means board of directors of the Employer or any duly authorised committee of
 the same;


	
 

	
 

	
 

	
 


	
 

	
“Chairman”
 means the Chairman of the Lloyds Banking Group plc;


	
 

	
 

	
 

	
 


	
 

	
“Commencement
 Date” has the meaning given in Clause 1.3;


	
 

	
 

	
 

	
 


	
 

	
“Confidential
 Information” has the meaning given in Clause 7.1;


	
 

	
 

	
 

	
 


	
 

	
“Employment”
 has the meaning given in Clause 1.1;


	
 

	
 

	
 

	
 


	
 

	
“FSMA
 Approval” has the meaning given in Clause 1.2.


	
 

	
 

	
 

	
 


	
 

	
“Garden
 Leave Period” has the meaning given in Clause 9.1;


	
 

	
 

	
 

	
 


	
 

	
“Chief
 Executive Officer” means the Group Chief Executive of Lloyds
 Banking Group plc;


	
 

	
 

	
 

	
 


	
 

	
“Group
 Company” means any of Lloyds Banking Group plc and its
 subsidiaries (as defined by Section 736 of the Companies Act 1985), and “Group”
 means all of them;


	
 

	
 

	
 

	
 


	
 

	
“Intellectual
 Property Rights” means all intellectual property rights, and
 interests in or to intellectual property rights, which may subsist in any
 part of the world, including where








	
 


	



	
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EXHIBIT 4(b) (iv)


	
 

	
 


	
 

	
such rights are or
 may be obtained or enhanced by registration, any registrations, applications
 for registrations and rights to apply for registration of such intellectual
 property rights; 


	
 

	
 


	
 

	
“Prospective
 Customer” means any person, firm or company which
 has been engaged in negotiations, with which the Executive has been
 personally involved, with the Employer or any other member of the Group with
 a view to purchasing products or services from the Employer or any other
 member of the Group during the period of 6 months prior to the Termination
 Date;


	
 

	
 


	
 

	
“Relevant
 Customer” means any person, firm or company which at any time
 during the 12 months prior to the Termination Date was a customer of the
 Employer or any other member of the Group, with whom or which the Executive
 dealt other than in a de minimis way or for whom or which the Executive was
 responsible in a supervisory or managerial capacity on behalf of the Employer
 or any other member of the Group at any time during the said period;


	
 

	
 


	
 

	
“Relevant
 Date” means the Termination Date or, if earlier, the date on which
 the Executive commences any Garden Leave Period; 


	
 

	
 


	
 

	
“Relevant
 Services” products and services competitive with those supplied by
 the Employer or any other member of the Group at any time during the 12
 months prior to the Termination Date in the supply of which the Executive was
 involved or concerned other than in a de minimis way at any time during the
 said period;


	
 

	
 


	
 

	
“Relevant
 Supplier” means any person, firm or company which at any time
 during the 12 months prior to the Termination Date was a supplier of any
 goods or services (other than utilities and goods or services supplied for
 administrative purposes) to the Employer or any member of the Group and with
 whom or which the Executive had personal dealings during the Employment other
 than in a de minimis way;


	
 

	
 


	
 

	
“Restricted
 Employee” means any person who is at the Termination Date or was
 at any time during the period of 12 months prior to the Termination Date
 employed by or engaged as a consultant in the Group in an executive or senior
 managerial capacity or who reported directly to the Executive and with whom
 the Executive has had dealings other than in a de minimis way during the
 course of the Employment;


	
 

	
 


	
 

	
Termination Date” means the date on which the
 Employment terminates; and


	
 

	
 


	
 

	
“Work(s)”
 means any idea, method, discovery, invention, technical or commercial
 information, know-how, computer program, semiconductor chip layout, database,
 drawing, literary work, product, packaging, design, marketing concept, trade
 or service mark, logo, domain name and all similar works (whether registrable
 or not and whether copyright works or not) made, created, or developed by the
 Executive, either alone or with others, during the term of the Employment
 (whether in or outside the course of the Executive’s duties), which relates
 to, or is capable of being used in, the business of the Employer or any Group
 Company.


	
 

	
 


	
20

	
Governing
 Law and Jurisdiction


	
 

	
 


	
 

	
This Agreement is
 governed by and will be interpreted in accordance with the law of England and
 Wales. Each of the parties submits to the exclusive jurisdiction of the
 English courts as regards any claim or matter arising under this Agreement.








	
 


	



	
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EXHIBIT 4(b) (iv)


EXECUTED by the Executive and a representative of the Employer duly and
fully authorized by the Board of the Employer to enter into this Agreement on
the first date mentioned above.


	
 

	
 

	
 


	
EXECUTED as a DEED by the

 Executive

	


	
 


	
 

	
/S/ H A Weir


	
in the presence
 of:

	
 


	
 

	
 

	
 


	
Witness’s
 signature

	
 

	
 


	
 

	
 

	
 


	
Name

	
 

	
 


	
Address

	
 

	
 


	
 

	
 

	
 


	
Occupation

	
 

	
 








	
 

	
 

	
 


	
SIGNED on behalf
 of the Employer:

	


	
 


	
 

	
 


	
in the presence
 of:

	
 








	
 


	



	
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