catm_Ex10_61


		
			Exhibit 10.61
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						DATED

					
					
						05 September 2017

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						CARDTRONICS UK LIMITED

					
					
						(1)

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						and

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						MARC TERRY

					
					
						(2)

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						SERVICE AGREEMENT

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				



		
			 
		

		
			 
		

		
			 
		

		



		 


 


	
					
						

					
						 

					
					
						 

				
	
					
						DATE OF SERVICE AGREEMENT

					
2019
				
	
					
						 

				
	
					
						PARTIES

				
	
					
						 

					
					
						 

				
	
					
						(1)

					
					
						CARDTRONICS UK LIMITED (Company Number 03610221) whose registered office is at Building 4, 1st Floor, Trident Place, Mosquito Way, Hatfield, Hertfordshire, AL10 9UL (the "Company")

				
	
					
						 

					
					
						 

				
	
					
						(2)

					
					
						MARC TERRY of 32 Shepherds Road, Watford, WD18 7HX (the "Executive")

				



		
			 
		

		
			IT IS AGREED THAT:
		

		
			1          DEFINITIONS
		

		
			1.1       In this agreement the following words, phrases and expressions shall have the following meaning:
		

		
			"Board" means the Board of Directors of the Company as comprised from time to time and any such person or committee authorised by the Board as its/their representative for the purposes of this agreement.
		

		
			"Commencement Date" means 17 September 2017.
		

		
			"Compensation Committee" means a committee of the board of directors of Cardtronics, Inc. that determines from time to time the annual salary, any bonuses and other remuneration payable to the Executive and other members of the Board.
		

		
			"Control" means in relation to a body corporate, the power of a person to secure that the affairs of the body corporate are conducted in accordance with the wishes of that person:
		

		
			(a)        by means of the holding of shares, or the possession of voting power, in or in relation to that or any other body corporate; or
		

		
			(b)        as a result of any powers conferred by the articles of association or any other document regulating that or any other body corporate,
		

		
			and a Change of Control occurs if a person who controls any body corporate ceases to do so or if another person acquires Control of it, but does not occur in the circumstances described in clause 22.
		

		
			“Executive Personal Pension Plan” means the company’s Group Personal Pension plan with Legal & General or such other arrangement agreed between the parties from time to time.
		

		
			"Group" means the Company, its subsidiaries, any holding company of the Company and any subsidiary of such holding company (all as defined in section 1159 of the Companies Act 2006) and any associated company (which expression shall mean any other company of which the Company or its holding company or any subsidiary of the Company or its holding company beneficially holds not less than 20% of the equity share capital) and any reference to “Group Company” shall be construed accordingly.
		

		
			
		

		
			


		 


		

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			"Termination Date" means the date upon which the Executive's employment with the Company terminates, whether lawfully or not, and references to "from the Termination Date" mean from and including the date of termination.
		

		
			1.2       Any reference to a statutory provision includes all re-enactments and modifications of that provision and any regulations made under it or them.
		

		
			1.3       The headings in this agreement are for convenience only. They do not form part of this agreement and do not affect its interpretation.
		

		
			1.4        “Line Manager” means the Manager whom the Executive reports to from time to time.
		

		
			2          THE APPOINTMENT
		

		
			2.1       Subject to clause 2.2, the Company will from the Commencement Date appoint the Executive and the Executive agrees to act as EMEA Managing Director or in such other capacity as the Board may from time to time direct.  The Executive accepts that the Company may at its discretion require him to perform different or additional tasks not specifically within the scope of his duties whether for the Company or any Group Company and the Executive agrees to perform those duties or undertake those tasks as if they were specifically provided for under this agreement.
		

		
			2.2       This employment is conditional on the Executive producing upon request any documentation requested by the Company for the purposes of establishing his right to work in the UK.  If the Executive fails to provide this documentation within a reasonable period of time (if requested by the Company) the Company may terminate the Executive's employment without notice.
		

		
			2.3       The Executive acknowledges and warrants as follows:
		

		
			(a)         that by entering into this agreement and fulfilling his obligations under it, he is not in breach of any obligation to any third party;
		

		
			(b)         that he will not bring or use in the course of his employment with the Company any trade secrets or confidential information belonging to him previous employers or to any third party without their prior written consent; and
		

		
			(c)         that he has, prior to entry into this agreement, disclosed to the Company in writing all previous convictions other than spent convictions.
		

		
			3          DURATION AND CONTINUOUS EMPLOYMENT
		

		
			3.1       This agreement will, subject to earlier termination in accordance with its terms, continue unless and until it is terminated by either party giving to the other 6 months prior written notice.
		

		
			3.2       For statutory purposes, the Executive has been continuously employed by the Company since 17 September 2017.
		

		
			
		

		
			


		 


		

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			4          DUTIES
		

		
			4.1       Without prejudice to clauses 2.1 and 4.5, the Executive will carry out such duties and functions, exercise such powers and comply with such instructions in connection with the business of the Company and any Group Company as the Board reasonably determines from time to time and will comply with all the Company's rules, regulations, policies and procedures from time to time in force.
		

		
			4.2       Unless prevented by illness, accident, other authorised leave or holiday as set out below, the Executive will devote substantially the whole of his time, attention and skill as may reasonably be required to the affairs of the Company and use his best endeavours to promote its interests.
		

		
			4.3       The Executive acknowledges and agrees that he is at all times during his employment (including during any period of suspension or while on garden leave in accordance with clause 18.3) subject to duties of goodwill, trust, confidence, exclusive service, faith and fidelity to the Company.  These duties include, without limitation, the obligation throughout the duration of this agreement:
		

		
			(a)         not to compete with the Company or any Group Company;
		

		
			(b)          not to make preparations (during such hours as the Executive should be providing services under this agreement) to compete with the Company or any Group Company after this agreement has terminated;
		

		
			(c)         not to solicit in competition with the Company or any Group Company any customer or customers of the Company or any Group Company;
		

		
			(d)         not to entertain invitations to provide services either in a personal capacity or on behalf of any third party from actual or prospective customers of the Company or any Group Company where such invitations relate to services which could be provided by the Company or any Group Company;
		

		
			(e)         not to offer employment elsewhere to employees of the Company or any Group Company;
		

		
			(f)          not to copy or memorise Confidential Information (as defined in clause 14) or trade secrets of the Company or any Group Company with a view to using or disclosing such information for a purpose other than for the benefit of the Company or any Group Company; and
		

		
			(g)         not to encourage, procure or assist any third party to do anything which, if done by the Executive, would be a breach of (a) to (f) above.
		

		
			4.4       The Company may at any time appoint any person or persons to act jointly with the Executive to discharge his duties and functions under this agreement.
		

		
			4.5       The Company reserves the right to require the Executive to carry out the duties of equivalent status either in addition to or instead of the Executive's duties detailed under clause 4.1 and to make reasonable adjustments to his reporting lines.
		

		
			4.6       The Executive will not without the prior written consent of the Board:
		

		
			
		

		
			


		 


		

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			(a)         incur any capital expenditure in excess of such sums as may be authorised from time to time; or
		

		
			(b)         enter into or terminate on behalf of the Company or any Group Company any commitment, contract or arrangement otherwise than in the normal course of business or outside the scope of his normal duties or of an unusual, onerous or long-term nature.
		

		
			4.7       The Executive accepts that he has a duty to report to the Chief Human Resources Officer any actual or suspected wrongdoing on the part of other staff of the Company or any Group Company of which he becomes aware, including in particular (without limitation) conduct which, were it by the Executive, would fall within clause 4.3 above.
		

		
			5          NORMAL HOURS
		

		
			5.1       The Executive will work such hours as may from time to time reasonably be required of him as are consistent with his appointment (which may involve working on public holidays).  The Company acknowledges that the Executive has not opted out of the Working Time Regulations at the point of commencement of this Agreement.  The Executive agrees that he will keep appropriate records of the hours that he works to enable the Company to comply with its obligations under the Working Time Regulations.
		

		
			6          OTHER INTERESTS
		

		
			6.1       The Executive will devote all of his time to the Company and/or any Group Company and will not (without the prior written consent of the Board) directly or indirectly either on his own account or on behalf of any other person, company, business entity or other organisation engage in, be concerned with, or provide services to (whether as an employee, officer, director, agent, partner, consultant or otherwise) any other business, office or other external activity which does or may potentially affect the full and proper performance of his duties.  EXCEPT THAT the Executive may hold up to 1% of any securities in a company which is quoted on any recognised Stock Exchange.
		

		
			6.2       The Executive confirms that prior to entering into this agreement he has fully disclosed to the Company in writing all circumstances of which he is aware in respect of which there is, or might be perceived to be, a conflict of interest between the Company or any Group Company and the Executive or his spouse, civil partner (or anyone living as such), children or parents, and he agrees to fully and promptly disclose to the Board any further such circumstances which may arise during this agreement.
		

		
			7          PLACE OF WORK
		

		
			7.1       The Executive's usual place of work will be the Hatfield office location but the Company may require the Executive to work at any place within the United Kingdom on either a temporary or an indefinite basis.  The Executive will be given reasonable notice of any change in his place of work.  The Executive may also be required to travel both throughout and outside the United Kingdom for the better performance of his duties; expenses incurred in such travel, other than commuting to and from the Executive’s regular place of work, will be reimbursed by the Company in accordance with clause 9 below.
		

		
			
		

		
			


		 


		

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			7.2       The Executive agrees to comply with any reasonable request of the Company to relocate should the Company wish to vary the Executive's usual place of work.  If the Executive does relocate the Company may (but is not obliged to) provide the Executive with financial or other relocation assistance in accordance with any relocation policy in place from time to time.
		

		
			7.3       For the purposes of Part 1 of the Employment Rights Act 1996, it is not expected that the Executive will be required to work outside the United Kingdom for more than one month at a time.
		

		
			8          REMUNERATION
		

		
			8.1       The Executive will receive a basic salary of £360,000 ("Salary") per annum (inclusive of all director's fees and salaries which may be payable to the Executive by the Company or any Group Company).  The Salary will accrue from day to day and will be payable by equal monthly instalments in arrears on or around the 25th day of each calendar month, less tax and National Insurance.
		

		
			8.2       The Salary will be reviewed annually by the Board, without any undertaking by the Company that the Salary will be automatically increased.
		

		
			8.3       The Executive shall be entitled to participate in an annual incentive plan, in accordance with the terms detailed SCHEDULE 2.
		

		
			8.4       The Executive shall be entitled to participate in a long term incentive plan, in accordance with the terms detailed at SCHEDULE 3.
		

		
			8.5       Any bonus paid to the Executive pursuant to clauses 8.3 and 8.3  shall not be deemed to become part of the contractual remuneration or Salary for pension purposes or otherwise.  Receipt of any bonus in any one year does not give rise to a contractual entitlement to a bonus in any subsequent year.
		

		
			8.6       Any bonus is not payable if the Executive is not employed and/or is under notice of termination given by either party for any reason as at the date of payment.
		

		
			8.7       The Company reserves the right in its absolute discretion to discontinue, vary or amend any bonus plans for 2017 or any future bonus plans or incentive schemes which are communicated to the Executive from time to time, including, for the avoidance of doubt, any annual incentive plans or long term incentive plans. The Company will not be liable to provide any replacement bonus or incentive schemes, or compensation in lieu of such bonus or incentive schemes.
		

		
			9          EXPENSES
		

		
			9.1       The Executive will be entitled to be repaid all reasonable travelling, hotel and other expenses properly authorised by the Company, in accordance with the Company Expenses Policy on expenses and incurred in or about the proper performance of his duties, which expenses shall be evidenced and claimed in such manner as the Company may specify from time to time, either under the Company Expenses Policy or at all.
		

		
			9.2       Where the Company makes any credit card available to the Executive, he will:
		

		
			
		

		
			


		 


		

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			(a)         take good care of such card and immediately report any loss of such card to the Company;
		

		
			(b)         use the card only for the purposes of the Company's business and in accordance with any Company policy applicable; and
		

		
			(c)         surrender it upon the request of the Company at any time.
		

		
			10        PENSION
		

		
			10.1     The Company agrees to contribute an amount equivalent to 6% (or such higher amount as required by law) of the Executive's [basic] salary to the Executive's Personal Pension Plan in satisfaction of the auto-enrolment legislation and subject to the rules of such a plan and any applicable HM Revenue & Customs limits in force from time to time.
		

		
			10.2     The Company at its absolute discretion reserves the right to discontinue, vary or amend any pension arrangements provided for the benefit of the Executive at any time (where this is permitted by law). The Company will provide appropriate notice of any discontinuance, variation or amendment. The Company will not be liable to provide any replacement benefit of the same or similar kind, or compensation in lieu of such benefit (save as may be required by law).
		

		
			11        OTHER BENEFITS
		

		
			11.1     During this agreement the Executive will be eligible to participate at the Company's expense in the Company's:
		

		
			(a)         life assurance scheme (4 times base annual salary) ;
		

		
			(b)         private medical expenses insurance scheme for the benefit of the Executive and dependants.
		

		
			11.2     The Executive's membership of (and entitlement to benefit from) the schemes detailed at clause 11.1 above is subject to:
		

		
			(a)         the rules of the above schemes from time to time (and any replacement schemes provided by the Company);
		

		
			(b)         the terms of the relevant insurance policy from time to time; and
		

		
			(c)         the Executive (and, where appropriate, his dependents) being eligible to participate in or benefit from such schemes pursuant to their rules.
		

		
			11.3     If the scheme provider (including but not limited to any insurance company) refuses for any reason (whether based on its own interpretation of the terms of the insurance policy or otherwise) to provide any benefits to the Executive the Company is not liable to provide replacement benefits of the same or similar kind or compensation in lieu of such benefits.
		

		
			11.4     The Company may at its absolute discretion challenge any refusal by any scheme provider to provide benefits to the Executive or, where appropriate, his dependents, providing that:
		

		
			
		

		
			


		 


		

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			(a)         where appropriate the Executive takes all proper measures to appeal against the refusal in accordance with the terms of any policy provided by the scheme provider and meets (on an interim or on an account basis if so requested) all costs in connection with the same;
		

		
			(b)         the Executive fully co-operates with the Company and discloses to it all personal information relevant to the claim and, if required by the Company, attends a medical examination by a doctor selected and instructed by it; and
		

		
			(c)         the Executive fully indemnifies the Company against all costs, expenses and claims incurred by the Company in connection with challenging the scheme provider’s decision to refuse to provide benefits under the scheme.
		

		
			11.5     The Company at its absolute discretion reserves the right to discontinue, vary or amend any scheme provided for the benefit of the Executive and, where appropriate, his dependents, at any time and will not be liable to provide any replacement benefit of the same or similar kind, or compensation in lieu of such benefit. The Company will provide appropriate notice of any discontinuance, variation or amendment.
		

		
			11.6     Nothing in this agreement will prevent the Company terminating the Executive's employment for whatever reason (including but not limited to his incapacity) even if such termination results in the Executive losing any existing or prospective benefits as detailed in clause 11.1.
		

		
			12        HOLIDAYS
		

		
			12.1     The Company's holiday year runs from 1 January to 31 December.  The Executive will in addition to bank holidays be entitled to 25 working days' paid holiday in each holiday year.  The rate of pay due in respect of each bank and public holiday or working day’s paid holiday will be calculated on the basis of 1/260th of the Executive’s Salary.  Holidays are to be taken at such time or times as may be approved by the Line Manager.  The Executive shall not be entitled to take more than 10 days' holiday at any one time, unless previously agreed with the Line Manager.
		

		
			12.2     The Executive will not be entitled to carry forward any unused days of his holiday entitlement to the subsequent holiday year. Notwithstanding this, if the Executive has been unavoidably prevented from taking holiday during the relevant holiday year then he may be entitled to carry over some unused holiday day’s subject always to approval by his Line Manager and entirely at the Company’s discretion. No payment in lieu of any unused holiday will be paid with the exception of upon the termination of the Executive’s employment.
		

		
			12.3     If the Executive has been unavoidably prevented from taking holiday during the relevant holiday year because of sickness absence, an exception may be made upon request and with the Company’s approval.  There is no payment in lieu in respect of any holiday untaken at the end of the holiday year.
		

		
			12.4     The Company and the Executive agree that in any holiday year the Executive will be deemed to take any holiday accruing under the Working Time Regulations 1998 first.
		

		
			12.5     The Company reserves the right at its sole discretion to require the Executive to take or not to take all or part of any outstanding holiday during any notice period or period of garden leave.
		

		
			
		

		
			


		 


		

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			12.6     On termination of the Executive's employment, the Executive's entitlement to accrued holiday pay will be directly in proportion to the Executive's service during the holiday year in which the termination took place, plus a sum in respect of any holiday which the Executive has been permitted to carry over from previous holiday years in accordance with clause 12.3.  If on termination of employment the Executive has taken holidays in excess of the holidays equivalent to the proportion of the holiday year he has been employed by the Company to the Termination Date, the Company will be entitled to deduct from sums payable to the Executive a sum in respect of each day's holiday taken in excess of such entitlement.
		

		
			12.7     If the Company has terminated or would be entitled to terminate the Executive's employment under clause 18.1, or if the Executive has terminated his employment in breach of this agreement, any payment due under clause 12.6 shall be limited to the Executive's statutory entitlement under the Working Time Regulations 1998 and any paid holidays (including paid public holidays) shall be deemed to have been taken first in satisfaction of the statutory entitlement.
		

		
			12.8     If the Executive’s employment is terminated under clause 18.5 the Executive will not be entitled to any payment in respect of holiday which would otherwise have accrued during the remainder of the notice period.
		

		
			13        INCAPACITY
		

		
			13.1     If the Executive is absent from his duties as a result of illness he will notify the Line Manager as soon as possible and then keep the Company informed and complete any self-certification forms which are required by the Company.  If the incapacity continues for a period of eight days or more he will produce to the Company a medical certificate to cover the duration of such absence.  The Executive must produce medical certificates to cover any further period of absence.
		

		
			13.2     If the Executive is absent from his duties as a result of illness or injury then (subject to clause 18.1(g)) if he complies with the requirements in this clause he will be entitled to payment of his Salary at the full rate in respect of such illness or injury for a period (in total) of no more than 90 days in any period of 12 months (whether the absence is intermittent or continuous).  Thereafter, the Executive will not be entitled to any further payment from the Company (other than Statutory Sick Pay) until the resumption of his duties, unless and to the extent that any absence thereafter is for substantially the same illness or injury or is related to or a consequence of it, in which cases it will attract Statutory Sick Pay only.
		

		
			13.3     The remuneration paid under clause 13.2 will include any Statutory Sick Pay payable and when this is exhausted it will be reduced by the amount of any Social Security Sickness Benefit or other benefits recoverable by the Executive (whether or not recovered).
		

		
			13.4     For the avoidance of doubt the provisions of this clause 13 will not prejudice or limit in any way the Company's right to terminate this agreement pursuant to clauses 3 and 18 or otherwise pursuant to its terms.
		

		
			13.5     Whether or not the Executive is absent by reason of sickness, injury or other incapacity the Executive will at the request of the Company agree to have a medical examination performed by a doctor appointed and paid for by the Company and the Executive authorises the Board to have unconditional access to any report or reports
		

		
			
		

		
			


		 


		

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			(including copies) produced as a result of any such examination as the Board may from time to time reasonably require.  The Executive will also authorise his own doctor to disclose and discuss with the Company and/or its medical advisers any information about his health or medical records having an actual or potential bearing upon his ability to perform his duties under this agreement.
		

		
			13.6     The Executive will not be entitled to sick pay (except for Statutory Sick Pay) if he is absent from his duties as a result of illness whilst:
		

		
			(a)         an investigation is being carried out into an alleged act of misconduct by the Executive or into any other circumstances which may warrant the termination of his employment;
		

		
			(b)         a redundancy exercise is being carried out and the Executive has provisionally been selected for redundancy; or
		

		
			(c)         the Executive is working out his notice period.
		

		
			Sick pay may be reinstated if the Executive is not ultimately dismissed as a result of that investigation or proposed redundancy.
		

		
			14        CONFIDENTIAL INFORMATION
		

		
			14.1     The Executive acknowledges that in the ordinary course of his employment he will be exposed to information about the business, technology, processes, products, plans, financial or other information or data of the Company and any Group Company and that of the Company’s and the Group’s suppliers and customers which may amount to a trade secret, be confidential or commercially sensitive and which if misused or disclosed could cause significant harm to the Company or any Group Company.  Such information (whether or not recorded in writing, on computer disk or in any other medium) is referred to in this agreement as Confidential Information and shall in particular include (without limitation):
		

		
			(a)         details of how the Company/Group prices its products or services including any discounts or non-standard terms offered to any clients;
		

		
			(b)         the Company/Group’s intellectual property (except where this is protected by patent or equivalent protection);
		

		
			(c)         information relating to the Company/Group’s suppliers and the terms and conditions (including any prices and discounts) agreed with them;
		

		
			(d)         information relating to the Company/Group's clients or customers and the terms and conditions (including any prices and discounts) agreed with them;
		

		
			(e)         research and development projects of the Company/Group;
		

		
			(f)          the Company/Group’s marketing and sales strategies and plans;
		

		
			(g)         potential acquisitions and disposals by the Company/Group;
		

		
			(h)         the Company/Group’s financial and sales performance;
		

		
			
		

		
			


		 


		

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			(i)          any processes, inventions, designs, know-how, discoveries, technical specifications and other technical information relating to the creation, production or supply of any past, present or future product or service of the Company/Group; and
		

		
			(j)          any other categories of confidential information that the Company wants to protect and which it notifies to the Executive in writing as being confidential or which by its nature or the surrounding circumstances is clearly confidential.
		

		
			14.2     The Executive agrees to accept the restrictions in this clause in relation to such Confidential Information. The Executive will not either directly or indirectly during the term of this agreement or after its termination without limit in time, either for his own purposes or for any purposes other than those of the Company or any Group Company (for any reason and in any manner), use or divulge or communicate to any person, firm, company or organisation (except to those officials of the Company or any Group Company who need to know the same) any Confidential Information acquired or discovered by him in the course of his employment with the Company.
		

		
			14.3     The Executive will be responsible for protecting the confidentiality of the Confidential Information and shall:
		

		
			(a)         use his best endeavours to prevent the use, disclosure or communication of any Confidential Information by any person, company or organisation; and
		

		
			(b)         inform the Board immediately on becoming aware, or suspecting, that any such person, firm, company or organisation knows or has used any Confidential Information.
		

		
			14.4     The restrictions contained in this clause do not apply to:
		

		
			(a)         any disclosure authorised by the Board or required in the ordinary and proper course of the Executive's employment or as required by the order of a court of competent jurisdiction or an appropriate regulatory authority or otherwise required by obligation of public law; or
		

		
			(b)         any information that the Executive can demonstrate was known to him prior to the commencement of the Executive's employment by the Company or by any Group Company; or
		

		
			(c)         any information which is, or comes into, the public domain other than through the Executive's unauthorised disclosure or breach of confidence; or
		

		
			(d)         any information being a protected disclosure by the Executive in accordance within the meaning of section 43A Employment Rights Act 1996.
		

		
			14.5     The Executive will not, other than with the prior written approval of the Board or any Director of the Group Company to whom he reports, make or issue any press, radio or television statement, or publish or submit for publication any letter or article relating directly or indirectly to the business affairs of the Company or any Group Company containing Confidential Information.
		

		
			14.6     The provisions of this clause 14 are without prejudice to the duties and obligations of the Executive which exist at common law or in equity.
		

		
			
		

		
			


		 


		

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			14.7     The provisions of this clause 14 shall survive any termination of this agreement and shall remain in force in relation to any item of Confidential Information for so long as it is still properly regarded by the Company or any Group Company as being confidential.
		

		
			15        INTELLECTUAL PROPERTY
		

		
			15.1     The Executive acknowledges and agrees that because of the nature of his duties and the particular responsibilities arising as a result of such duties that he owes to the Company and any Group Company a special obligation to further the interests of the Company and any Group Company.
		

		
			15.2     The Executive will promptly disclose in writing to the Company any works of any nature which he makes (alone or with others) during the course of his employment and the Company will keep such invention confidential unless and until it has been determined whether it is an invention owned by the Company.
		

		
			15.3     Subject to section 39 of the Patents Act 1977, all intellectual property rights existing (or which may in the future exist) in any works created by the Executive during the course of his employment or by using materials, tools, information or opportunities made available to him through his employment shall belong to the Company (or to any Group Company which the Company may nominate in writing from time to time) and the Executive hereby assigns all the intellectual property rights in such works to the Company (or to any Group Company which has been nominated in writing), free from all encumbrances.  For these purposes “intellectual property rights” include trademarks, registered designs, design rights, copyrights and future copyrights, database rights and other intellectual property rights together, where registerable, with the right to apply for registration of such rights and to claim priority from such applications. This clause shall apply both to such rights which exist at the date of this agreement and which may come into existence in the future.
		

		
			15.4     Subject to sections 39 - 42 of the Patents Act 1977, if required by the Company to do so (whether during or after the termination of his employment), the Executive will sign any document and do anything necessary or desirable to:
		

		
			(a)         fully vest ownership in the Company as sole beneficial owner of any rights either (i) referred to in clause 15.3 or (ii) which the Company owns (alone or with others) in inventions made by the Executive by virtue of section 39 of the Patents Act 1977; and
		

		
			(b)         enable the Company, or any Group Company which the Company may nominate from time to time, to maintain in force, enforce or defend any such right.
		

		
			15.5     The Executive irrevocably waives, on a worldwide basis, in favour of the Company all his rights pursuant to sections 77 to 89 inclusive of the Copyright Designs and Patents Act 1988 and similar rights throughout the world in any work he may create during the course of his employment.
		

		
			15.6     The Executive irrevocably appoints the Company to be his attorney in his name and on his behalf to execute or complete any document or do any such thing and generally to use his name for the purposes of giving to the Company (or its nominee or successors) the full benefit of the provisions of this clause 15.
		

		
			
		

		
			


		 


		

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			15.7     The Executive accepts that no future agreement between the Company and him, dealing with the ownership or licensing of any intellectual property rights in works or inventions created by him, shall be enforceable unless and until it is in writing signed on behalf of the Company by a director (not being the Executive).
		

		
			15.8     The Executive agrees that he will not use or commercially exploit any of the Company’s intellectual property rights after the termination of his employment with the Company, without the Company’s prior written consent.
		

		
			15.9     The provisions of this clause 15 shall remain in full force and effect following the termination of this agreement for any reason, whether such termination is lawful or not.
		

		
			16        NON-SOLICITATION AND RESTRICTIVE COVENANTS
		

		
			16.1     The Executive undertakes to the Company on behalf of itself and as agent for any Group Company that he will not directly or indirectly and whether alone or in conjunction with or on behalf of any other person and whether as a principal, shareholder, director, employee, agent, consultant, partner, independent contractor or otherwise:
		

		
			(a)         at any time during the period of 12 months from the Effective Date be employed, engaged, concerned or interested in any business providing Competing Products or Services within or related to the Restricted Territory;
		

		
			(b)         at any time during the period of 12 months from the Effective Date be employed, engaged, concerned or interested in any Relevant Customer if as a result that customer may reasonably be expected to cease to use or materially reduce its usage of the products or services of the Company or any Relevant Group Company;
		

		
			(c)         at any time during the period of 12 months from the Effective Date canvass, solicit, attempt to solicit, interfere with or entice away or cause to be canvassed, solicited, interfered with or enticed away any Relevant Customer with a view to providing it with any Competing Products or Services; or
		

		
			(d)         at any time during the period of 12 months from the Effective Date provide or agree to provide to any Relevant Customer any Competing Products or Services; or
		

		
			(e)         at any time during the period of 12 months from the Effective Date solicit, entice or induce or endeavour to solicit, entice or induce or assist any Key Person to leave the Company or any Relevant Group Company, whether or not such person would commit any breach of his own contract of employment or engagement by doing so; or
		

		
			(f)          at any time during the period of 12 months from the Effective Date in connection with any business in or proposing to be in competition with the Company or any Relevant Group Company employ, engage or appoint or in any way cause or assist to be employed, engaged or appointed a Key Person; or
		

		
			
		

		
			


		 


		

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			(g)         at any time during the period of 12 months from the Effective Date solicit or attempt to solicit or place orders for the supply of products or services from a Supplier if as a result the Supplier may reasonably be expected to cease supplying, or materially reduce its supply or vary detrimentally the terms on which it supplies products or services to the Company or any Relevant Group Company; or
		

		
			(h)         encourage, assist or procure any third party to do anything which, if done by the Executive would be in breach of (a) to (g) above.
		

		
			16.2     Each of the restrictions in clause 16 is intended to be separate and severable and in the event that any of such restrictions shall be adjudged to be void or ineffective for whatever reason but would be adjudged to be valid and effective if part of the wording or range of services or products were reduced in scope or deleted, the said restrictions shall apply with such modifications as may be necessary to make them valid and effective.
		

		
			16.3     None of the restrictions in clause 16 shall prevent the Executive from:
		

		
			(a)         holding up to 1% of any securities in a company which is quoted on any recognised Stock Exchange; or
		

		
			(b)         being employed, engaged, concerned or interested in any business insofar as the Executive’s duties or work relate solely to geographical areas where the business is not in competition with the Company or any Relevant Group Company; or
		

		
			(c)         being employed, engaged, concerned or interested in any business insofar as the Executive’s duties or work relate solely to products or services of a kind with which the Executive was not directly involved, concerned or connected during the period of 12 months immediately prior to the Effective Date.
		

		
			16.4     Since by reason of services rendered to or offices held in any other Group Company the Executive may also obtain in the course of his employment knowledge of the trade secrets or other confidential information of such companies, the Executive hereby agrees that he will at the request and cost of the Company enter into a direct agreement or undertaking with such Group Company whereby the Executive will accept restrictions corresponding to the restrictions contained in this agreement (or such of them as may be appropriate in the circumstances) in relation to such products and services and such area and for such period as such Group Company may reasonably require for the protection of its legitimate interest.
		

		
			16.5     It is understood and agreed by the Company and the Executive that damages may be an inadequate remedy in the event of a breach by the Executive of any of the restrictions contained in this clause 16 and that any such breach by the Executive or on his behalf may cause the Company great and irreparable injury and damage.  Accordingly, the Executive agrees that the Company shall be entitled, without waiving any additional rights or remedies otherwise available to it at law or in equity or by statute, to injunctive and other equitable relief in the event of a breach or intended or threatened breach by the Executive of any of the restrictions contained in this clause 16.
		

		
			
		

		
			


		 


		

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			16.6     If the Executive is offered new employment or a new appointment or engagement he agrees to immediately bring the terms of this clause 16 to the attention of the person making the offer.
		

		
			16.7     The Executive agrees that, on or before the Termination Date, he will delete any connection between him and any Key Person or Relevant Customer or Supplier stored in any form of Social Media. The Executive further agrees that updating his profile and/or connecting or reconnecting to any Key Person or Relevant Customer or Supplier using Social Media after the Termination Date may amount to a breach of clause 16.1 above.
		

		
			16.8     The Executive may seek the written consent of the Company, which may be withheld for good reason, to waive the provisions of this clause 16 on a case by case basis.
		

		
			16.9     For the purposes of this clause 16 the following expressions shall have the following meanings:
		

		
			(a)         "Competing Products or Services" means products or services which are of the same kind as or of a materially similar kind to and competitive with any products or services sold or supplied by the Company or any Relevant Group Company during the period of 12 months immediately prior to the Effective Date and with which sale or supply the Executive was directly involved, concerned or interested or about which he possessed Confidential Information.
		

		
			(b)         “Confidential Information” is as defined in clause 14.1.
		

		
			(c)         "Effective Date" means the Termination Date or (if earlier) the date on which the Executive commences garden leave in accordance with clause 18.3 of this agreement.
		

		
			(d)         "Key Person" means any person employed by the Company or any Relevant Group Company who on the Effective Date is an officer of the Company or any Relevant Group Company, has “director” in his title, is a director or a member of the senior management team, senior new business person or sales person or executive or is of the same or similar grade to the Executive and in each case with whom the Executive worked or had material dealings or whose work he was responsible for or managed during the period of 12 months immediately prior to the Effective Date.
		

		
			(e)         "Relevant Customer" means any person, firm, company or organisation who or which at any time during the period of 12 months immediately prior to the Effective Date is or was:
		

		
			(i)          negotiating with the Company or a Relevant Group Company for the sale or supply of Relevant Products or Services; and/or
		

		
			(ii)         a client or customer of the Company or any Relevant Group Company for the sale or supply of Relevant Products or Services,
		

		
			and in each case with whom the Executive was directly involved, concerned or connected in that respect during that period or about which he possessed Confidential Information.
		

		
			
		

		
			


		 


		

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			(f)          "Relevant Group Company" means any Group Company (other than the Company) for which the Executive has performed services under this agreement or for which the Executive has had material operational or management responsibility or has provided material services at any time during the period of 12 months immediately prior to the Effective Date.
		

		
			(g)         "Relevant Products or Services" means any products or services sold or supplied by the Company or any Relevant Group Company during the period of 12 months immediately prior to the Effective Date and with which sale or supply the Executive was directly involved, concerned or connected or about which he possessed Confidential Information.
		

		
			(h)         "Restricted Territory" means within UK & Northern Ireland and any other country in the world (including, for the avoidance of doubt, any country within Europe together with South Africa and Australia) where on the Effective Date the Company or any Relevant Group Company was engaged in the research into, development, distribution, sale or supply of or otherwise dealt with, Relevant Products or Services.
		

		
			(i)          "Social Media" means any online communication tool which facilitates the creation, publication, storage and/or exchange of user-generated content, including but not limited to Facebook, Flickr, Google, LinkedIn, MySpace, Skype, Twitter, Tumblr, You Tube and Wikis.
		

		
			(j)          "Supplier" means any business which at any time during the period of 12 months immediately prior to the Effective Date provided products or services to the Company or the Relevant Group Company and with whom the Executive had material dealings or for whom the Executive had responsibility in that respect at any time during that period.
		

		
			17        STATEMENTS
		

		
			17.1     The Executive will not at any time knowingly make any untrue or misleading statement in relation to the Company or any Group Company.
		

		
			17.2     The Executive will not at any time after the termination of his employment with the Company represent himself as still being in any way connected with or interested with the Company or any Group Company or their respective businesses unless the particulars are specifically agreed in writing with the Company.
		

		
			17.3     The Company’s officers and directors will not at any time knowingly make any untrue or misleading statement in relation to the Executive, both during and after the termination of the employment relationship.
		

		
			18        TERMINATION
		

		
			18.1     Notwithstanding the provisions of clause 3 above, the Company may terminate this agreement immediately without notice in writing (even if the Company may have allowed any time to elapse or on a former occasion may not have enforced its rights under this clause) and without obligation to pay any compensation to the Executive if he:
		

		
			
		

		
			


		 


		

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			(a)         without any reasonable cause materially neglects, omits or refuses to perform all or any of his duties or obligations under this agreement or to observe and perform the provisions of this agreement to the reasonable satisfaction of the Board; or
		

		
			(b)         misconducts himself whether during or outside the course of his duties under this agreement in such a way that in the reasonable opinion of the Board the business, operation, interests or reputation of the Company or any Group Company is, or is likely to be, prejudicially affected; or
		

		
			(c)         commits any criminal offence (including in particular any offence involving dishonesty or violence) other than an offence which does not in the opinion of the Board affect his position under this agreement; or
		

		
			(d)         is convicted of an offence under any statutory enactment or regulation relating to bribery; or
		

		
			(e)         becomes bankrupt or makes or attempts to make any composition with creditors or if any insolvency order is made against the Executive; or
		

		
			(f)          becomes of unsound mind; or
		

		
			(g)         becomes incapacitated from performing all or any of his duties under this agreement by illness, injury or otherwise for a period exceeding (in total) 26 weeks (or for such longer period as the Company may agree) in any period of 12 months; or
		

		
			(h)         becomes prohibited by law from being a director of a company or if the Executive ceases to be a director of the Company without the consent of the Company; or
		

		
			(i)          commits any act of gross misconduct during the course of his duties under this agreement; or
		

		
			(j)          is guilty of any deliberate act of discrimination, harassment or victimisation on grounds of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex or sexual orientation; or
		

		
			(k)         commits a material breach of any Company policy or procedure.
		

		
			18.2     The Company will have the right to suspend the Executive (subject to the continued payment of Salary and benefits, but not sick pay) pending any investigation into any potential dishonesty, gross misconduct or any other circumstances which may give rise to a right to the Company to terminate the Executive's employment with or without notice for such period as it thinks fit.
		

		
			18.3     During any period of notice, and provided that the Company continues to pay the Salary and to provide all benefits to which he is contractually entitled (or a sum in lieu of the value to him of such benefits) until the termination of his employment, then the Company is entitled at its absolute discretion to place the Executive on garden leave.  During any such period of garden leave the Executive must not, except as authorised by the Company:
		

		
			
		

		
			


		 


		

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			(a)         attend his place of work or any other premises of the Company or any Group Company during the remaining period of his notice (or any part of such period);
		

		
			(b)         make contact (including socially) with any employees, agents, suppliers or customers or clients of the Company or any Group Company except as directed by the Company during the remaining period of his notice (or any part of such period); and
		

		
			(c)         make any public announcement of his departure save at a time and in terms reasonably directed by the Company.
		

		
			18.4     In addition to clause 18.3, during any period of garden leave, the Company may require the Executive to:
		

		
			(a)         not carry out his duties or to exercise his powers or responsibilities under this agreement during the remaining period of his notice period (or any part of such period);
		

		
			(b)         resign immediately from any offices he may hold in the Company or in any Group Company;
		

		
			(c)         return to the Company all documents, computer disks, laptop computers, mobile telephones, iPhones or similar devices and other property (including summaries, extracts or copies) belonging to the Company or any Group Company or to its or their clients or customers; and
		

		
			(d)         work from his home and/or to carry out exceptional duties or special projects outside the normal scope of his duties and responsibilities.
		

		
			18.5     Whether or not either party has served notice to terminate this agreement under clause 3, the Company may, at its absolute discretion, terminate the Executive’s employment at any time by notifying the Executive in writing that it is exercising its right under this clause 18.5 to dismiss him with immediate effect and that it will be making a payment to him in line with the provisions of this clause 18.5 and of clause 18.6.  Such a payment will be equivalent to the Salary (excluding any benefits) which would have been payable during the Executive’s notice period or any unexpired balance thereof and will be in full and final settlement of the Executive’s contractual claims under this agreement.  The Company is not obliged to make such a payment (and will be entitled to recover any sums already paid) if after such notification it becomes aware of any grounds arising prior to the Termination Date which would have entitled it to summarily dismiss the Executive in accordance with clause 18.1.
		

		
			18.6     The Company reserves the right to pay any sums due under clause 18.5 in equal monthly instalments during what would have been the unexpired portion of the Executive’s contractual notice period.  Notwithstanding that a termination of his employment in accordance with clause 18.5 is not a breach of this agreement, the Executive agrees that following such notification as is referred to in clause 18.5 he will be under a duty to take reasonable steps to mitigate any consequential losses by seeking an alternative remunerative position, whether as employee, director, self-employed consultant or shareholder, and to notify the Company in writing as soon as any such position is accepted, of when it is due to commence and the financial terms applicable to it.  If the Executive obtains an alternative position during this period any
		

		
			
		

		
			


		 


		

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			sums due to the Executive under clause 18.5 will be reduced or extinguished accordingly.
		

		
			18.7     If the Company terminates the Executive’s employment without the written notification referred to in clause 18.5, then the Executive will have no contractual entitlement to the pay in lieu of notice referred to in that clause.
		

		
			18.8     In the event of termination, the Company shall pay the Executive compensation in accordance with SCHEDULE 1.
		

		
			19        RETIREMENT
		

		
			19.1     The Company does not have a fixed retirement age although this may be reviewed from time to time to reflect the Company's business needs.  The Executive may choose at what age he wishes to retire.  If the Executive wishes to retire he should provide the Company with as much notice as possible, and at least the period of notice he is required to give to terminate his employment under this agreement.
		

		
			19.2     Since knowing when the Executive intends to retire may be helpful to the Company in terms of succession planning etc., the Company may ask the Executive about his plans in this respect from time to time.  The Executive is not bound by any indication he gives the Company, but he agrees to keep it informed of any changes to his stated intentions arising, for example, through changes in his personal circumstances.
		

		
			20        DEDUCTIONS
		

		
			20.1     For the purposes of the Employment Rights Act 1996, the Executive hereby authorises the Company at any time during the continuance of this agreement and in any event on termination howsoever arising, to deduct from him remuneration (which for this purpose includes Salary, pay in lieu of notice, commission, bonus, holiday pay and sick pay) all debts owed by the Executive to the Company or any Group Company, including but without limitation the balance outstanding of any loans (and interest where appropriate) advanced by the Company to the Executive, the cost of repairing any damage or loss to the Company's property caused by him, any non-business or unauthorised expense incurred on the Company’s credit card and any loss suffered by the Company as a result of any neglect or breach of duty by the Executive.
		

		
			20.2     The Executive further agrees that the Company may withhold any sums owing on termination of his employment pending his compliance with clauses 23 and 24.1 of this agreement.
		

		
			21        SUCCESSORS
		

		
			21.1     This agreement is personal to the Executive and shall not be assigned by the Executive and the rights, benefits and obligations of the Executive hereunder shall not be subject to voluntary or involuntary assignment or transfer without prior written consent of the Company. In addition, any payment owed to the Executive hereunder after the date of the Executive’s death shall be paid to the Executive’s estate.
		

		
			21.2     This agreement shall be binding upon the Company and its successors and assigns. In addition to any obligations imposed by law upon any successor of the Company,
		

		
			
		

		
			


		 


		

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			the Company will require any successor (including by reason of Change of Control) if applicable to expressly assume and agree to person this agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place; or the Company will require any such successor to guarantee the obligations of the Company under this agreement. As used in this agreement, “Company” shall include any successor to the Company.
		

		
			22        SALE OR RECONSTRUCTION OF THE COMPANY
		

		
			The Executive will have no claim against the Company if his employment under this agreement is terminated by reason of the liquidation of the Company for the purposes of amalgamation or reconstruction provided that he is offered employment with any concern or undertaking resulting from such amalgamation or reconstruction on terms and conditions which, taken as a whole, are not substantially less favourable than the terms of this agreement.
		

		
			23        DELIVERY OF DOCUMENTS AND PROPERTY
		

		
			On termination of this agreement for any reason (or earlier if requested) the Executive will:
		

		
			(a)         immediately deliver up to the Company all property (including but not limited to any, hardware, documents and software, Blackberry, mobile telephone, iPhone or similar device, credit cards, keys and security passes) belonging to it or any Group Company in the Executive's possession or under his control.  “Documents and software” include (but are not limited to) correspondence, diaries, address books, databases, files, reports, minutes, plans, records, documentation or any other medium for storing information.  The Executive's obligations under this clause include the return of all copies, drafts, reproductions, notes, extracts or summaries (however stored or made) of all documents and software.  The Company may withhold any monies then owing to the Executive in any respect pending his providing, if so requested, his written undertaking that he has complied with this obligation;
		

		
			(b)         provide access (including passwords) to any computer (or other equipment or software) in his possession or under his control which contains information relating to the Company or any Group Company.  The Executive also agrees that the Company is entitled to inspect, copy and/or remove any such information from any such computer, equipment or software owned by the Executive or under his control and the Executive agrees to allow the Company reasonable access to the same for these purposes.
		

		
			24        RESIGNATION AS DIRECTOR
		

		
			24.1     Without prejudice to clause 18.4(b) the Executive will on termination of this agreement for any reason at the request of the Board resign immediately without claim for separate compensation:
		

		
			(a)         as a director of the Company and any such Group Company of which he is a director; and
		

		
			(b)         from all trusteeships held by him of any pension scheme or other trusts established by the Company or any Group Company or any other company
		

		
			
		

		
			


		 


		

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			with which the Executive has had dealings as a consequence of his employment with the Company.
		

		
			24.2     If the Executive fails to resign within seven days of its request, the Company is irrevocably authorised to appoint a person to execute any documents and to do everything necessary to effect such resignation or resignations on the Executive's behalf, and may withhold pending compliance any sums owing to the Executive in any respect.
		

		
			25        DISCIPLINARY AND GRIEVANCE PROCEDURES
		

		
			25.1     The Company's disciplinary and grievance procedures are set out in the Company Handbook available from Human Resources.  These procedures do not form part of the Executive’s contract of employment.
		

		
			25.2     If the Executive has any grievance relating to his employment, he should raise it in the first instance with the Chief Human Resources Officer, in accordance with the Company’s grievance procedure.
		

		
			26        DATA PROTECTION
		

		
			26.1     The Company will hold and process personal data (including sensitive personal data) about the Executive in manual and automated filing systems in relation to the following: salary administration; pension administration; health administration; health insurance/benefits; to facilitate communications between employees within the Company/Group; training and appraisal purposes, including performance and disciplinary records; equal opportunities monitoring; any Company benefit administration; for the purposes of any potential sale or granting of share options over 20% of the shares of the Company or any Group Company or any change of control or any potential transfer of the Executive’s employment under the Transfer of Undertakings (Protection of Employment) Regulations 2006 (disclosure may include in these circumstances disclosure to the potential purchaser or investor and their advisors); for the Company’s global operations and reporting and for the management of its global HR information systems; marketing and /or PR Purposes. Where any services or benefits referred to above are provided to the Company by third parties, the Company may disclose some of the Executive’s personal information to those third parties.
		

		
			26.2     For any of the above purposes and in view of the Company’s global operations, the Company may transfer some or all of the Executive’s personal data to countries outside the European Economic Area (EEA). Countries outside of the EEA may not have data protection laws as comprehensive as those existing in the EEA. The Company will take reasonable steps to ensure that such data is held securely.
		

		
			26.3     The Executive agrees to use all reasonable endeavours to keep the Company informed of any changes to his personal data and to comply with the Company’s data protection rules and procedures as set out in the Company’s Data Protection Policy/Staff Handbook.  By entering into this agreement, the Executive is deemed to have been notified about the manner in which the Company will use his personal data.
		

		
			
		

		
			


		 


		

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			27        POLICIES AND PROCEDURES
		

		
			The Executive agrees to comply with all of the Company’s policies and procedures including without limitation the Company’s email and internet policy, equal opportunities policy and anti-bribery policy.
		

		
			28        COLLECTIVE AGREEMENTS
		

		
			There are no collective agreements with trade unions that directly affect the terms and conditions of the Executive's employment.
		

		
			29        NOTICES
		

		
			29.1     Any notice to be given under this agreement to the Executive may be given to him personally or sent to him by pre-paid first class letter or sent by email and/or facsimile transmission addressed to him at his last known email address/fax number/place of residence. Any notice to be given to the Company should be addressed to the Line Manager and may be served by leaving it at or sending the notice by email, fax or pre-paid first class letter to him at its registered office for the time being.
		

		
			29.2     Any notice served by post shall be deemed to have been served forty‐eight hours after it was posted and proof that the notice was properly addressed, pre‐paid and posted shall be sufficient evidence of service.
		

		
			30        WARRANTY
		

		
			The Executive represents and warrants that he is not prevented by any agreement, arrangement, contract, understanding, court order or otherwise, which in any way directly or indirectly restricts or prohibits him from fully performing his duties in accordance with the terms and conditions of this agreement.
		

		
			31        ENTIRE AGREEMENT
		

		
			Together with the offer letter dated 15 June 2017, this agreement constitutes the entire agreement between the parties and cancels and is in substitution for all previous letters of engagement, agreements, representations, offers and arrangements (whether oral or in writing) relating to the Executive’s employment, all of which shall be deemed to have been terminated by mutual consent with effect from the Commencement Date.
		

		
			32        INVALIDITY
		

		
			If any provision of this agreement is held to be invalid or unenforceable:
		

		
			(a)         such provision shall be deemed deleted and severed from this agreement;
		

		
			(b)         amendments to the agreement may be made by the addition or deletion of wording as appropriate to replace the invalid part or provision with such provision that retains the closest possible effect to the invalid provision or part and is both valid and enforceable; and
		

		
			(c)         the validity and enforceability of the other provisions of this agreement shall not be affected.
		

		
			
		

		
			


		 


		

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			33        CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999
		

		
			This agreement shall be enforceable by any Group Company under the Contracts (Rights of Third Parties) Act 1999. Save as expressly stated in this agreement, no other rights are conferred on any other third party, including the Executive’s spouse or dependants.
		

		
			34        DISPUTE RESOLUTION
		

		
			34.1     If any dispute arises in connection with this agreement, the parties agree to enter into mediation in good faith to settle such a dispute and will do so in accordance with the Centre for Effective Dispute Resolution (“CEDR”) Model Mediation Procedure. Unless otherwise agreed between the parties within 14 days of notice of the dispute, the mediator will be nominated by CEDR.
		

		
			34.2     Mediation is a confidential process and will be entered into both voluntarily and in good faith, and neither party, by entering into such a process will waive their respective statutory or contractual employment rights.
		

		
			35        GOVERNING LAW AND JURISDICTION
		

		
			35.1     This agreement is governed by and interpreted in accordance with the law of England and Wales.
		

		
			35.2     The parties submit to the exclusive jurisdiction of the High Court of England and Wales in connection with any claim, dispute or matter arising out of or relating to this agreement.
		

		
			35.3     Any delay by the Company in exercising any of its rights under this agreement will not constitute a waiver of such rights.
		

		
			
		

		
			


		 


		

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			IN WITNESS of which this agreement has been executed and, on the date set out above, delivered as a deed.
		

		
			 
		

		
			 
		

			
					
						EXECUTED as a deed, for and on behalf of the Company, in the presence of:

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Officer of the Company 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Signature :

					
					
						/s/ Sharon Bridgland-Gough

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Name :

					
					
						Sharon Bridgland-Gough

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Witness

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Signature :

					
					
						/s/ Doreen Woodham

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Name :

					
					
						Doreen Woodham

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Occupation :

					
					
						HR Administrator

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Address :

					
					
						Cardtronics

					
					
						 

				



		
			 
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						SIGNED as a deed by the Executive in the presence of:

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Executive

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Signature :

					
					
						/s/ Marc Terry

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Name :

					
					
						Marc Terry

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Witness

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Signature :

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Name :

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Occupation :

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						Address :

					
					
						 

					
					
						 

				



		
			 
		

		
			
		

		
			


		 


		

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			SCHEDULE 1
		

		
			EFFECT OF TERMINATION OF EMPLOYMENT ON COMPENSATION
		

		
			1          DEFINITIONS
		

		
			In this agreement the following words, phrases and expressions shall have the following meaning:
		

		
			1.1        “Good Reason” means the occurrence of any of the following events:
		

		
			(a)         A reduction of the Executive’s salary of 5% or more, unless such reduction is part of an initiative that applies to and affects all similarly situated executive offices of the Company substantially the same and proportionally;
		

		
			(b)         A material reduction in the Executive’s duties or responsibilities.
		

		
			(c)         A material breach of this agreement by the Company, other than an isolated, insubstantial and inadvertent failure to comply with this agreement not occurring in bad faith; or
		

		
			(d)         Any failure by the Company to comply with and satisfy its obligations in relation to Clause 21.
		

		
			without the Executive’s written consent.
		

		
			Notwithstanding paragraph 1.1, “Good Reason” shall not be effective unless all of the following conditions are satisfied:
		

		
			(a)         the condition described at paragraph 1.1 must have happened without the Executive’s consent;
		

		
			(b)         the Executive must have provided a written Notice of Breach to the Company of such condition in accordance with clause 29 within 45 days of the initial existence of such condition;
		

		
			(c)         the condition specified in the Notice of Breach must remained uncorrected for 30 days following the Company’s receipt of the Notice of Breach; and
		

		
			(d)         the date of the Executive’s termination of employment must occur within 90 days of the initial existence of the condition specified in the Notice of Breach.
		

		
			Any Notice of Breach shall be deemed void if the Company rectifies the matter giving rise to Good Reason under paragraph 1.1 within 30 days of the Notice of Breach.
		

		
			1.2        “Notice of Breach” means a written notice delivered to the other party that:
		

		
			(a)         indicates the specific provision in this agreement that the party contends the other party has breached or the specific clause of paragraph 1.1 that the party alleges to exist; and
		

		
			(b)         where applicable, details the facts and circumstances that provide the basis for such breach or other condition.
		

		
			
		

		
			


		 


		

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			2
		

		
			2.1       If the Executive’s employment is terminated:
		

		
			(a)         in accordance with Clause 18.1; or
		

		
			(b)         by the Executive resigning for other than Good Reason.
		

		
			then all compensation and all benefits to the Executive shall terminate contemporaneously with such termination of employment, except as specified in paragraphs 2.2, 2.3 and 2.4 of this Schedule 1.
		

		
			2.2       If the Executive’s employment is terminated for a reason specified at paragraph 2.1, the Executive shall be entitled to:
		

		
			(a)         payment of all accrued and unpaid Salary up to and including the Termination Date;
		

		
			(b)         reimbursement for all incurred expenses incurred but not yet paid, in accordance with Clause 9; and
		

		
			(c)         all benefits to which the Executive is entitled to under Clauses 10 or 11 up to and including the Termination Date.
		

		
			2.3       In addition, if the Executive’s employment is terminated pursuant to Clause 18.1(f) or Clause 18.1(g) he shall also be entitled to:
		

		
			(a)         the amount of any unvested portion under the Cardtronic’s Long Term Incentive Plan that have previously been earned but that would have otherwise vested solely by the passage of time within one year following the Termination Date, which shall be accelerated on the Termination Date and settled within 10 days following the Termination Date; and
		

		
			(b)         any unpaid bonus under the Annual Incentive Plan for the calendar year ending prior to the Termination Date.
		

		
			2.4       Paragraph 2.3(b) shall also apply in relation to termination by way of reason specified at paragraph 1.1(b).
		

		
			3
		

		
			3.1       If the Executive’s employment is terminated by way of:
		

		
			(a)         the Executive’s resignation for Good Reason; or
		

		
			(b)         the Company terminating the Executive’s employment for any reason other than those detailed at Clause 18.1
		

		
			then all compensation and all benefits to Executive shall terminate contemporaneously with such termination of employment, except as detailed at paragraph 3.2:
		

		
			
		

		
			


		 


		

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			3.2       If the Executive’s employment is terminated in accordance with paragraph 3.1, the Executive shall be entitled to:
		

		
			(a)         all accrued and unpaid Salary up to and including the Termination Date;
		

		
			(b)         reimbursement for all incurred expenses in accordance with clause 9; and
		

		
			(c)         subject to Executive’s delivery of a settlement agreement (as provided for by the Company) and subject to the Executive’s compliance with all of the surviving provisions of this agreement, the Executive shall receive the following additional compensation and benefits from the Company (but no other compensation or benefits after such termination):
		

		
			(i)          any unpaid bonus under the Annual Incentive Plan for the calendar year ending prior to the Termination Date;
		

		
			(ii)         a bonus for the calendar year in which the Termination Date occurs in an amount equal to the bonus under the Annual Incentive Plan for such year as determined in good faith by the Board in accordance with the criteria established pursuant to SCHEDULE 2 and based on the Company’s performance for such year, which amount shall be prorated through and including the Termination Date;
		

		
			(iii)        an amount equal to the sum of Executive’s Annual Salary as of the Termination Date and the average bonus under the Annual Incentive Plan, which amount shall be divided into and paid in twelve equal consecutive monthly instalments, commencing on the first payroll date that falls on or immediately follows the 60th day after the Termination Date.
		

		
			
		

		
			


		 


		

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			SCHEDULE 2
		

		
			ANNUAL INCENTIVE PLAN
		

		
			Annual Executive Cash Incentive Plan (“AECIP”)
		

		
			You will participate in the AECIP with a target of 65% of your annual base salary. Payment is subject to the achievement of Company performance to established targets and defined individual objectives where results are determined by the Compensation Committee of the Parent Company. The AECIP allows you to earn 0% to 150% of target based on results. For 2017 this will be pro-rata based on the number of full months that you work and is guaranteed at 100% of target.
		

		
			
		

		
			


		 


		

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			SCHEDULE 3
		

		
			CARDTRONICS LONG TERM INCENTIVE PLAN
		

		
			Long Term Incentive Plan (“LTIP”)
		

		
			You shall be eligible to participate in the Cardtronic’s Long Term Incentive Plan, subject to the terms of the Plan. You will have a target compensation of 85% of base salary and will allow you to earn 0% to 150% of shares awarded. The LTIP grants a combination of time-based restricted stock units and performance based restricted stock units which must be earned through Company performance.
		

		
			Sign on Equity Grant
		

		
			On your date of hire you will receive an equity grant to the value of $250,000. The number of RSU’s granted will be determined by dividing the dollar value by the closing price on the Company’s stock on your date of hire. This will then vest over three years on the anniversary of the grant on a 50%/25%/25% basis.
		


		 


		

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