Contract of Employment of Jonathan Bevan



 Exhibit 10.1 
 CONTRACT OF EMPLOYMENT 
 THIS CONTRACT is made the 30 October
2009 and is made between: 
  

	(1)	CLEAR CHANNEL OUTDOOR LTD whose registered office is 33 Golden Square London W1F 9JT (the Company); and 

  

	(2)	JONATHAN BEVAN of 15 Denning Road, London NW3 1ST (You). 

  

	1.	GENERAL 

  

	1.1	This Contract of Employment (the Contract) sets out the particulars of your employment with the Company as at the date of this Contract and complies with section
1 of the Employment Rights Act 1996. 

  

	1.2	Your employment under this agreement will begin with effect from 1 January 2010. However, for the purposes of the Employment Rights Act 1996, your period of
continuous employment with the Company began on 7 July 1997 (the Employment). 

  

	1.3	In the event of any inconsistency between the terms of this Contract and the Employee Handbook, the terms of this Contract will prevail. 

  

	1.4	In this Contract, Group Company shall mean any company which is for the time being a subsidiary or holding company of the Company (as defined in section 1159 of
the Companies Act 2006) and any company in which the Company or any subsidiary or holding company of the Company (as defined in section 1159 of the Companies Act 2006) has a beneficial ownership of or controls 20% or more of the issued share
capital. 

  

	2.	JOB TITLE/DUTIES 

  

	2.1	You are employed as the Company’s Chief Operating Officer, International and will report to the President and Chief Executive Officer of Clear Channel Outdoor
Limited currently William Eccleshare (Your Director). The Company reserves the right to change Your Director at any time without your prior agreement although the Company will notify you of any such change. 

  

	2.2	 You will devote the whole of your time attention and abilities to the duties which you will perform on behalf of the Company and any Group Company for
the time being and you will



  

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not during the course of the Employment without the prior written consent of your Director provide your services to or engage in any other business or activity which is in any way similar or
related to the business of the Company or any Group Company. 


  

	2.3	You acknowledge and agree that the Company has the right to monitor your use of computer and telecommunications equipment provided to you for the purpose of the
Employment and including your use of internet, email and telephone correspondence. 

  

	2.4	You will promptly disclose to the Board in writing: 

  

	 	2.4.1	any actual or intended material breach of duty or lawful obligation owed by you or by any other employee to the Company or any Group Company of which you become aware;


  

	 	2.4.2	any offer of employment made to you or any offer of employment made to any other employee of the Company or any Group Company of which you become aware in each case
where that offer of employment is made by or on behalf of any third party engaged in providing products or services in outdoor advertising in competition with the Company or any Group Company; 

  

	 	2.4.3	any approach made by or on behalf of any third party, whether to you or to any other employee of the Company or any Group Company of which you become aware and which
you know (or ought reasonably to have known) is intended to result in the diversion of business away from the Company or any Group Company. 

  

	2.5	You acknowledge and agree that you are at all times during your employment, including during any period of suspension or during any Garden Leave Period, subject to a
duty of goodwill, trust, confidence, exclusive service, faith and fidelity to the Company. These duties include, without limitation the duty throughout the duration of this Contract: 

  

	 	2.5.1	not to compete with the Company or any Group Company; 

  

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

  

	 	2.5.3	not to solicit in competition with the Company or any Group Company any customer or customers of the Company or Group Company; 

  

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	 	2.5.4	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; 

  

	 	2.5.5	not to offer employment elsewhere to employees of the company or any Group Company (other than employment by the Company or any Group Company);


  

	 	2.5.6	not to copy or memorise confidential information 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 the Group Company; and 

  

	 	2.5.7	not to conspire, collude, cooperate with or otherwise encourage, procure or assist any third party to do anything which, if done by you, would be a breach of 2.5.1 to
2.5.6 above. 

  

	3.	PLACE OF WORK 

  

	3.1	Your normal place of work will be 33 Golden Square, London, W1F 9JT however you will be required to work at other places within the United Kingdom and abroad as
required to fulfil your duties. The Company’s policies relating to travel and expenses as amended from time to time will apply in respect of the costs of such travel. The Company also reserves the right to change your normal place of work to
any other location within Greater London. 

  

	4.	HOURS OF WORK 

  

	4.1	Your normal hours of work are 37.5 hours per week, Monday to Friday. You will work such additional hours and at different times as may reasonably be required to meet
the needs of the business. 

  

	4.2	There is no contractual right to overtime and any overtime payments are at the sole and absolute discretion of the Company. 

  

	4.3	You agree that the limits on working time in Regulation 4(1) of the Working Time Regulations 1998 will not apply to your Employment (opt-out). You may (subject
to the provisions of the Regulations) give three months written notice to the Company that you wish to revoke your agreement to this opt-out. 

  

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	5.	REMUNERATION 

  

	5.1	 You will be paid your basic salary monthly in arrears by credit transfer to your Bank account on or about the 25th day of each month at the rate of £240,000 per annum (each
instalment being deemed to accrue rateably from day to day). Your salary (and any other payments (if any) due to you from time to time under the terms of this agreement) will be paid to you via the Company’s payroll subject to appropriate
deductions for income tax and National Insurance contributions. 


  

	5.2	Your basic salary will be reviewed annually from 1 April (commencing April 2011) at the absolute discretion of the Company. 

  

	5.3	Details of the bonus arrangements applicable to you are set out in Schedule 2. 

  

	5.4	 In addition to your basic salary, you will be entitled to receive a non-pensionable car allowance of 1/12th of your salary per annum. This allowance will be paid in equal
monthly instalments with your salary less tax and National Insurance contributions. The allowance shall be deemed to include all costs of road fund licence, insurance premiums and running costs of the car, including fuel, oil, maintenance and
repairs. 


  

	5.5	During this agreement, you will be entitled to participate at the Company’s expense in the Company’s life assurance and private medical insurance schemes.
Your membership of these schemes is subject to the rules of those schemes from time to time (and any replacement schemes provided by the Company) and to you (and if appropriate your spouse and dependent children) being eligible to participate in or
benefit from such schemes pursuant to their rules. If any 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, the Company is not liable to provide any replacement benefits of the same or similar kind or to pay compensation in lieu of such benefit. 

  

	5.6	You will continue to be a member of the Directors section of the defined benefit section of the pension scheme currently operated by the Company subject to the rules of
the scheme from time to time in force. 

  

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	6.	ABSENCE FROM WORK 

  

	6.1	If you are absent for any reason you should inform your Director (or his/her nominee from time to time) as soon as possible but by the end of the first day.


  

	6.2	You must submit a medical certificate to the Company signed by your doctor as to the reason for the absence if you are absent for any period of 8 consecutive days or
more. A new medical certificate should be sent each week thereafter. 

  

	6.3	For the purposes of Statutory Sick Pay the agreed “qualifying days” are Monday to Friday. 

  

	6.4	There is no contractual entitlement to sick pay in the event of absence from work by reason of illness or incapacity. Any payment made will be at the sole and absolute
discretion of the Company as detailed in the employee handbook. 

  

	6.5	For the avoidance of doubt the provisions of this clause 6 will not prejudice or limit in any way the Company’s right to terminate the Employment pursuant to
clauses 8 or otherwise pursuant to its terms. 

  

	6.6	The Company reserves the right to require you at any time to undergo a medical examination and you authorise the Company’s Board of Directors to have unconditional
access to any report or reports (including copies) produced as a result of any such examination as the Board may from time to time require. 

  

	7.	HOLIDAYS 

  

	7.1	You are entitled to the following holidays during which you will be paid your normal remuneration: 

  

	 	7.1.1	Subject to clause 8.2 below, eight Statutory holidays, which are New Year’s Day, Good Friday, Easter Monday, May Day, Spring Bank Holiday, Late Summer Bank
Holiday, Christmas Day and Boxing Day unless on any such Bank Holiday you are required to carry out your duties of the Employment, in which case you will be given another day’s holiday in lieu of the Bank Holiday worked.


  

	 	7.1.2	additional entitlement period of 30 working days accumulating at the rate of 2.5 days per completed calendar month’s service. This entitlement is subject to the
following sub clauses of this Clause 7 and shall be taken at times to be agreed in advance with the Company. 

  

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	7.2	The Company reserves the right to require you to work on any statutory holiday. In the event that you are required to work on a statutory holiday you will be given a
day’s holiday in lieu to be taken at a time to be agreed with your Director. 

  

	7.3	The holiday year is the calendar year from 1 January to 31 December and you should take your holidays during this period. You will not be permitted to carry
over more than 5 unused holiday days entitlement into a following holiday year except in exceptional circumstances with the express written consent of your Director. 

  

	7.4	You may not take as holiday more than 10 working days consecutively out of your entitlement without the prior written consent of the Company. 


 

	7.5	If you leave the Employment with outstanding holiday entitlement, you will, in addition to any other sums to which you may be entitled, be paid a sum representing
salary for the number of days holiday entitlement outstanding. If you leave the Employment having taken more than the accumulated holiday entitlement for the current holiday year then a sum equivalent to wages for the additional holiday taken will
be deducted from any final payment to you and the balance will be paid to you. 

  

	7.6	 A day’s pay for holiday pay purposes is calculated as 1/260th of your annual basic salary. 


  

	7.7	The Company may require that you take any unused holiday during a period of notice being served by you and if the Company exercises its right to place you on garden
leave pursuant to clause 8.3 below, you will be deemed to take any accrued untaken holiday during your garden leave period and so will have no separate entitlement to payment for it when your Employment actually terminates. You have no right to take
holiday during a period of notice except with the Company’s prior agreement. 

  

	8.	TERMINATION OF EMPLOYMENT 

  

	8.1	(a) Subject to clause 8.6the Company may terminate the employment by serving not less than twelve months’ notice in writing. 

 (b) You may terminate the employment serving not less than six (6) months notice in writing or a shorter notice period as agreed between
you and the Company. 
  

	8.2	The Company shall have the right to suspend you (subject to the continued payment of your salary and benefits) 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 your employment for such period as it thinks fit. 

  

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	8.3	You agree that you have no right to be provided with work by the Company and at any time after either you or the Company have given notice to terminate the Employment
(or if you resign without giving the required notice and the Company does not accept your resignation on that basis) then the Company may: 

  

	 	8.3.1	require you not to carry out your duties or to exercise your powers or responsibilities under this Contract during the remaining period of your notice period (or any
part of such period); 

  

	 	8.3.2	require you to resign immediately from any offices you may hold in the Company or in any Group Company; 

  

	 	8.3.3	require you not to attend your place of work or any other premises of the Company or any Group Company during the remaining period of your notice (or any part of such
period); 

  

	 	8.3.4	require you not to make contact with any employees, agents or customers or clients of the Company or any Group Company except as directed by the Company during the
remaining period of your notice (or any part of such period); 

  

	 	8.3.5	require you to return to the Company all documents, computer disks and other property (including summaries, extracts or copies) belonging to the Company or any Group
Company or to its or their clients or customers; 

  

	 	8.3.6	require you to work from your home and/or to carry out exceptional duties or special projects outside the normal scope of your duties and responsibilities.


 The exercise of the right contained in this clause 8.3 shall be described in this Contract as Garden
Leave and the period during which it is exercised shall be described as the Garden Leave Period. 
  

	8.4	If the Company exercises its right under clause 8.3 above it will continue to pay to you your normal contractual remuneration as described in 5 above as long as you
comply with your obligations under this Contract. 

  

	8.5	 Where the Company terminates your employment during any financial year the Company



  

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will pay your annual bonus as set out in Schedule 2 pro-rata for the period of the year worked to the date of termination or the end of the Garden Leave Period described in 8.3 PROVIDED THAT the
bonus payment shall be calculated at year end based on actual audited results and shall be paid as soon as possible at the commencement of the following financial year. 


  

	8.6	Nothing in this Contract prevents the Company from terminating the Employment summarily or otherwise in the event of any serious breach by you of the terms of this
Contract or of any breach of the disciplinary rules of the Company or of any other rules or regulations applicable to the Employment from time to time. 

  

	8.7	At any time during the Employment, including during any Garden Leave Period, the Company may require you to return promptly to the Company all original and copy
documents, software and any other information-storing medium belonging or relating to the Company or any other Group Company and any other property belonging to the Company or any Group Company or belonging to any third party who has provided the
property to the Company or any Group Company for the use of that company which is in your possession or under your control. Any property returned will be in good working order and condition. 

  

	8.8	You will on the termination of your employment for any reason return to the Company all confidential information or property belonging or relating to the business of
the Company or any Group Company which is in your possession or under your control on the Termination Date in good working order and condition, including but not limited to any company car, mobile telephone, laptop computer, software, disks or data
(held in whatever form) and keys. 

  

	9.	RESIGNATION AS DIRECTOR 

  

	9.1	Without prejudice to clause 8.3.2 you will on termination of your Employment for any reason at the request of the Company resign immediately without claim for
compensation: 

  

	 	9.1.1	as a director of the Company and any Group Company of which you are a director; and 

  

	 	9.1.2	from all trusteeships held by you of any pension scheme or other trusts established by the Company or any Group Company or any other company with which you have had
dealings as a consequence of your employment with the Company. 

  

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	9.2	If you fail to resign within seven days of 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 your behalf. 

  

	10.	INTELLECTUAL PROPERTY 

  

	10.1	You acknowledge that because of the nature of your duties and the particular responsibilities arising as a result of such duties that you owe to the Company and any
Group Company you have a special obligation to further the interests of the Company and each Group Company. 

  

	10.2	You shall promptly disclose to the Company any idea or invention created in the manner prescribed by sections 39(1) and 39(2) of the Patents Act 1977. Any such
inventions will then be dealt with in accordance with the provisions expressed in that Act. 

  

	10.3	You acknowledge that all trade marks, registered designs, design rights, copyright, database rights and other intellectual property rights (together, where registerable
with the right to apply for registration of the same, aside from those described in clause 10.2), whether in existence now or coming into existence at any time in the future, will, on creation either during the normal course of employment or by
using materials, tools or knowledge made available through your employment, vest in and be the exclusive property of the Company or any Group Company which the Company shall nominate and if required to do so (whether during or after the termination
of his employment), you shall execute all instruments and do all things necessary to vest ownership in the above rights in the Company as sole beneficial owner. Where the same does not automatically vest by Act of Parliament, you shall immediately
assign the same to the Company. You irrevocably waive all your rights pursuant to sections 77 to 83 inclusive of the Copyright Designs and Patents Act 1988 and any statutory amendment thereto. 

  

	10.4	You appoint the Company to be your attorney in your name and on your behalf to execute any such instrument or do any such thing necessary for the purpose of giving to
the Company or its nominee, the full benefit of the provisions of this clause 10 and acknowledge in favour of any third party that a certificate in writing signed by any director or secretary of the Company, that any instrument or act falls within
the authority conferred shall be conclusive evidence that such is the case. 

  

	10.5	Clauses 10.1, 10.2, 10.3 and 10.4 cannot be amended or varied other than by written agreement with the parties. 

  

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	11.	NORMAL RETIREMENT AGE 

 The Company’s normal retirement age for Directors is 60. 
  

	12.	CONFIDENTIALITY AND RESTRICTIONS 

  

	12.1	In consideration for the payments and other benefits due to you under this Contract, you agree to enter into the restrictions in Schedule 1 to protect the legitimate
interests of the Company and any other Group Company. 

  

	12.2	You agree that if you receive any offer of employment or any other work during your Employment (including any Garden Leave Period) or at any time during the Restricted
Period, you will give to the person offering you the employment or engagement a copy of this clause 12 and Schedule 1. 

  

	13.	GRIEVANCE AND DISCIPLINARY PROCEDURES 

  

	13.1	The disciplinary rules and procedure and the grievance procedure applicable to the Employment are set out in the Employee Handbook. 

  

	13.2	Please note that those rules and procedures are not part of your contract of employment and do not have contractual force and effect unless expressly stated to the
contrary. 

  

	14.	DATA PROTECTION 

  

	14.1	Your personal data will be held by the Company in its manual and automated filing systems. You hereby consent to the processing and disclosure of such data internally
and, so far as is reasonably necessary, externally in order for the Employment under this Contract to be performed, for decisions to be made regarding your employment, or for the purpose of any potential sale or transfer of at least 50% (fifty per
cent) or the shares of the Company or any Group Company or any potential sale or transfer of any business of the Company or any Group Company to which in either case you are at the relevant time assigned including, in the event of a potential sale
or transfer, disclosure of such data to any proposed purchases or its advisers in confidence. 

  

	14.2	You further consent to the Company processing and disclosing sensitive data internally and externally to professional advisors in confidence or medical practitioners
including medical information for the purpose of assessing your ability to continue with Employment and data regarding sex, marital status, race, ethnic origin, disability for a purpose of monitoring to ensure equality of opportunity within the
Company. 

  

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	14.3	You shall keep the Company informed of changes to his personal data. 

  

	15.	DEDUCTIONS 

 For the
purposes of the Employment Rights Act 1996, you hereby authorise the Company at any time during the continuance of this Contract and in any event on termination howsoever arising, to deduct from your remuneration (which for this purpose includes
salary, pay in lieu of notice, commission, bonus, holiday pay and sick pay) all debts owed by you 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 you, the cost of repairing any damage or loss to the Company’s property caused by you and any loss suffered by the Company as a result of any neglect or breach of duty by you. 
  

	16.	COLLECTIVE AGREEMENTS 

  

	16.1	There are no collective agreements that directly affect the terms and conditions of your employment. 

  

	17.	SMOKING POLICY 

  

	17.1	The Company operates a no smoking policy in respect of all of its premises. 

  

	18.	PRIOR AGREEMENTS 

 This
Contract cancels and is in substitution for all previous letters of engagement, agreements and arrangements (whether oral or in writing) relating to the subject matter hereof between the Company or any Group Company and you all of which shall be
deemed to have been terminated by mutual consent. 
  

	19.	CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999 

  

	19.1	This Contract does not confer rights on your spouse or dependants or any third party under the Contracts (Rights of Third Parties) Act 1999. Clauses 2, 8, 9, 10, 12,
14, 15 and 18of this agreement do confer rights and shall be enforceable by any Group Company under the Contracts (Rights of Third Parties) Act 1999. Save as expressly stated, no other rights are conferred on any Group Company or to any other third
party. 

  

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	20.	GOVERNING LAW AND JURISDICTION 

  

	20.1	This agreement shall be governed by and interpreted in accordance with the law of England and Wales. 

  

	20.2	The parties to this agreement submit to the exclusive jurisdiction of the English Courts in relation to any claim, dispute or matter arising out of or relating to this
agreement. 

  

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

 EXECUTED as a Deed by the parties on the date set out at the beginning of this Contract 
  

			
	SIGNED and delivered as a deed by CLEAR CHANNEL OUTDOOR LIMITED acting by two directors or by one director and the secretary:
		
	 Director
	 	
	Signature	 	: /s/ C.W. Eccleshare
	Name	 	: C.W. Eccleshare
		
	 Director/Secretary
	 	
	Signature	 	: /s/ Justin Cochrane
	Name	 	: Justin Cochrane
	
	 SIGNED by JONATHAN BEVAN /s/ Jonathan Bevan
 in the presence of: 

		
	 Witness
	 	
	Signature	 	: /s/ Simone Nyman
	Name	 	: Simone Nyman
	Occupation	 	: Executive Assistant
	Address	 	 : 33 Golden Square
  
London W1F 9JT


  

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 SCHEDULE 1 
 PART 1 
 CONFIDENTIALITY 
  

	1	You acknowledge that in the ordinary course of your employment you will be exposed to information about the Company’s business and the business of each Group
Company and that of the Company’s and each Group Company’s suppliers and customers which amounts to a trade secret, is confidential or is commercially sensitive and which may not be readily available to others engaged in a similar business
to that of the Company or any Group Company or to the general public and which if disclosed will be liable to cause significant harm to the Company or any such Group Company. Such information (whether recorded in writing, on computer disk or in any
other medium) is referred to as “Confidential Information”. You have therefore agreed to accept the restrictions in this Schedule. 

  

	2	You will not either directly or indirectly during this agreement or after its termination without limit in time 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 whose province it is to know the
same any secret or Confidential Information or information constituting a trade secret acquired or discovered by you in the course of your employment with the Company relating to the private affairs or business of the Company or any Group Company or
their suppliers, customers, management or shareholders. 

  

	3	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 your employment or as required by the order of the court of competent
jurisdiction or an appropriate regulatory authority or otherwise required by law; or 

  

	 	b.	any information, or Confidential Information that you can demonstrate was known to you prior to the commencement of your employment by the Company or by any Group
Company; 

  

	 	c.	a protected disclosure by you, in accordance with the provisions of the Public Interest Disclosure Act 1998. 

  

	4	You will not other than with the approval of your Director 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 Group Company. 

  

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	5	The provisions set out above are without prejudice to your duties and obligations to be implied into this Contract at common law. 

 PART 2 
 PROTECTIVE COVENANTS 
  

	1	In order to protect the Confidential Information, trade secrets and business connections of the Company and each Group Company, you undertake to the Company on behalf
of itself and as agent and trustee for each Group Company that you 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 or otherwise: 

  

	 	a.	at any time during the period of 9 months from the Effective Date within the Restricted Territory, take any steps preparatory to or be engaged, employed, interested or
concerned in (i) any business that provides any Competing Business and/or (ii) any Target Business Entity and/or (iii) any firm, company or other entity directly or indirectly owning or controlling either a business that provides any
Competing Business or a Target Business Entity; 

  

	 	b.	at any time during the period of 9 months from the Effective Date within the Restricted Territory, acquire a substantial or controlling interest directly or by or
through any nominee or nominees in any business providing any Competing Business, a Target Business Entity or in any firm, company or other entity owning or controlling a business that provides any Competing Business or a Target Business Entity;


  

	 	c.	at any time during the period of 9 months from the Effective Date solicit or induce or endeavour to solicit or induce any Key Person to leave the employ of the Company
or any Relevant Group Company, whether or not such person would commit any breach of his or her own contract of employment or engagement by leaving the service of the Company or any Relevant Group Company; or 

  

	 	d.	encourage, assist or procure any third party to do anything which, if done by him would be in breach of sub-paragraphs 1a to c of Part 2 of this Schedule 1.


  

	2	 Each of the restrictions in Part 2 of this Schedule 1 is intended to be separate and severable



  

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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. 


  

	3	Since you may also obtain in the course of his employment by reason of services rendered to or offices held in any other Relevant Group Companies knowledge of the trade
secrets or other Confidential Information of such Group Company, you hereby agree that you will at the request and cost of the Company enter into a direct agreement or undertaking with such Group Company whereby you 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. 

  

	4	If you apply for or are offered a new employment, appointment or engagement, before entering into any related contract, you will bring the terms of this schedule 2 to
the attention of a third party proposing directly or indirectly to employ, appoint or engage you. 

  

	5	For the purposes of this Schedule 1, the following expressions shall have the following meanings: 

  

	 	a.	“Competing Business” shall mean any products or services which are the same as or materially similar to and competitive with any Restricted Business to
include without limitation the businesses of Stroer, JCD, News Outdoor, Titan and CBS; 

  

	 	b.	“Effective Date” means the Termination Date provided always that if no duties have been assigned to you or you have carried out duties other than your normal
duties or have been excluded from the Company’s premises immediately preceding the Termination Date in accordance with clause 8.3, it means the last date on which you carried out your normal duties; 

  

	 	c.	 “Key Person” shall mean any person who on the Effective Date is a director or officer or manager or executive or of the same or similar grade
to you employed or engaged by the Company or any Relevant Group Company or any consultant working for the Company or any Relevant Group Company (or any person who would have been so employed by or working for the Company or any Relevant Group
Company on the Effective Date but for your breach of your obligations under this Agreement and/or



  

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implied by law) with whom you worked or had material dealings or for whose work you were responsible or managed in the course of your employment under this agreement at any time during the
Relevant Period; 


  

	 	d.	“Relevant Group Company” shall mean any Group Company (other than the Company) for which you have performed services under this Contract or for which you have
had operational or management responsibility or have provided services at any time during the Relevant Period; 

  

	 	e.	“Relevant Period” shall mean the period of 12 months immediately before the Effective Date; 

  

	 	f.	“Restricted Business” shall mean the business of owning, operating and developing advertising structures both static and moveable, indoor and outdoor
including advertising panels designed to display advertisements and any other products or services provided by the Company or any Relevant Group Company at any time during the Relevant Period with which you had a material involvement during the
course of your employment at any time during the Relevant Period; 

  

	 	g.	“Restricted Territory” shall mean within the United Kingdom and any other country in the world where on the Effective Date the Company or any Relevant Group
Company was engaged in the research into, development, manufacture, distribution, sale or supply or otherwise dealt in any Restricted Business; 

  

	 	h.	Target Business Entity” means any business howsoever constituted (whether or not providing Competing Business) which was at the Effective Date or at any time
during the Relevant Period a business which the Company or any Relevant Group Company had entered into negotiations with, had approached or had identified as (i) a potential target with a view to its acquisition by the Company or any Relevant
Group Company and/or (ii) a potential party to any joint venture with the Company or any Relevant Group Company, in either case where such approach or negotiations or identification were known to a material degree by you during the Relevant
Period. 

  

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 SCHEDULE 2 
 ADDITIONAL REMUNERATION 
 DISCRETIONARY BONUS 
 You may be entitled to a bonus payment for each financial year. The terms of the annual bonus shall be determined by Your Director at its absolute discretion
but will generally be structured to pay out 100% of your base salary upon achieving the financial target defined by Your Director for each financial year 
 Any bonus payment shall not be deemed to part of your salary for pension purposes. Apart from as described in 8.4 of this Agreement the Company is not obliged to pay any bonus payment unless you have been
in employment for the entire financial year during which the bonus payment has accrued. 
  

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 Clear Channel Outdoor: 
 Policy on dealing with public officials 
 Companies that are part of
the Clear Channel Outdoor group are often involved in bidding for contracts, franchises, etc. that are controlled by central and local governments. 
 It is unfortunately the case that there are rare occasions when officials or politicians accept some form of “bribe” (this being a gift of cash, valuable goods or valuable services) in return for giving preference to one bidder
over another. 
 Clear Channel Outdoor has a strict and unambiguous policy that, whilst we are prepared to give substantial value to
municipalities by way of products, services and, where appropriate, cash in respect of rent or revenue share, we will not under any circumstances give money, goods or services to the individual officials or politicians involved in the process
of administering the tender or franchise in order to bias their judgement. 
 In simple terms, this means that if a public official says
something like, “As part of the tender process are you prepared to fund a car for disabled transport?” we may well say “yes”. If the same official asks us to give him or her a car for their own use, we would obviously say
“no”. 
 The policy is simple: whilst it is quite acceptable to provide public officials with normal levels of hospitality such as
buying them lunch, a bottle of wine at Christmas, or inviting them to visit a conference, it is not acceptable to provide them with inducements to favour us over another bidder. 
 In practical terms, this means: 
  

	•	 	 No Clear Channel Business Unit (subsidiary or affiliate company) will ever pay a “bribe” to a public official. 



 

	•	 	 No Clear Channel company or employee will reimburse any third party or agent for paying a “bribe” on its behalf.



  

	•	 	 If an employee of a Clear Channel company pays a “bribe” to a public official, this will be a dismissable offence without compensation.



 If you learn of any action that has been undertaken by an employee or agent of the company which might be construed as
offering or making a “bribe” to a public official, you should send a written report on this to your Director. 
  

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 Please confirm you understand and accept this policy by signing below. 
 I have read and understood this policy and I will ensure it is carried out in my Business Unit. 
  

							
	 /s/ Jonathan Bevan
	 		  	 J. Bevan
	 	 18/11/09

	Signed	 		  	Name (please print)	 	Date
				
	Witnessed by:	 		  		 	
	 /s/ Simone Nyman
	 		  	 Simone Nyman
	 	 18/11/09

	Signed	 		  	Name (please print)	 	Date

  

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