PAYABLE
UNDER THIS PARAGRAPH 6 SHALL BE SUBJECT TO THE EXECUTIVE'S PRESENTMENT TO THE
COMPANY OF APPROPRIATE DOCUMENTATION.
7.
SICK LEAVE
THE PROVISIONS OF THE EMPLOYEE HANDBOOK APPLICABLE TO SICK LEAVE, AS AMENDED
FROM TIME TO TIME, ARE INCORPORATED INTO THIS AGREEMENT
8.
RELOCATION ALLOWANCE
THE COMPANY WILL REIMBURSE THE EXECUTIVE'S REASONABLE RELOCATION EXPENSES (TO
INCLUDE, BUT NOT LIMITED TO FIRST-CLASS FLIGHTS, STORAGE COSTS, REMOVAL COSTS
AND RENTAL/HOTEL EXPENSES) FROM BERMUDA TO THE UK, UPON TERMINATION OF HIS
EMPLOYMENT FOR WHATEVER REASON.
9.
TAX ADVISORY SERVICE
THE COMPANY WILL PAY DIRECTLY TO THE RELEVANT TAX ADVISORS, PROFESSIONAL FEES
INCURRED IN ADVISING THE EXECUTIVE ON HIS TAXATION OBLIGATIONS AND STATUS AND
PREPARING AND FILING HIS ANNUAL TAX RETURNS IN ALL OF THE JURISDICTIONS IN WHICH
THE EXECUTIVE IS OBLIGED TO PREPARE AND SUBMIT A TAX RETURN AND DEALING WITH ANY
RESULTING TAX AUTHORITY QUERIES AND DEMANDS.
6
10.
HOUSING ALLOWANCE
THE COMPANY SHALL PAY TO THE EXECUTIVE A HOUSING ALLOWANCE IN AN AMOUNT NO LESS
THAN THE MAXIMUM AMOUNT PAYABLE PURSUANT TO THE COMPANY'S HOUSING ALLOWANCE
POLICY APPLICABLE FROM TIME TO TIME WHILST EMPLOYED IN BERMUDA.
11.
CONFIDENTIALITY
(A)
THE EXECUTIVE SHALL NOT, EITHER DURING THE
CONTINUANCE OF HIS EMPLOYMENT HEREUNDER (OTHERWISE THAN IN THE PROPER
PERFORMANCE OF HIS DUTIES HEREUNDER) OR AT ANY TIME AFTER THE TERMINATION
THEREOF, DIVULGE TO ANY PERSON WHOMSOEVER AND SHALL USE HIS REASONABLE ENDEAVORS
TO PREVENT THE PUBLICATION OR DISCLOSURE OF ANY TRADE SECRET OR OTHER
CONFIDENTIAL INFORMATION CONCERNING THE BUSINESS, FINANCES, ACCOUNTS, DEALINGS,
TRANSACTIONS OR AFFAIRS OF THE COMPANY OR ANY GROUP COMPANY OR OF ANY OF THEIR
RESPECTIVE CLIENTS ENTRUSTED TO HIM OR ARISING OR COMING TO HIS KNOWLEDGE DURING
THE COURSE OF HIS EMPLOYMENT HEREUNDER OR OTHERWISE; PROVIDED THAT THE FOREGOING
SHALL NOT PREVENT OR LIMIT THE EXECUTIVE FROM COMPLYING WITH ANY APPLICABLE LAW
OR WITH THE DIRECTIVE OF ANY COURT OR ADMINISTRATIVE BODY OR AGENCY HAVING THE
LEGAL AUTHORITY TO COMPEL TESTIMONY FROM OR THE PRODUCTION OF DOCUMENTS BY THE
EXECUTIVE.
THE PROVISIONS OF THIS PARAGRAPH 11(A) SHALL NOT APPLY TO ANY
INFORMATION WHICH IS OR BECOMES PUBLICLY KNOWN OTHER THAN AS A RESULT OF THE
EXECUTIVE'S BREACH OF THIS AGREEMENT OR PREVENT THE EXECUTIVE FROM MAKING A
PROTECTED DISCLOSURE IN ACCORDANCE WITH THE EMPLOYMENT RIGHTS ACT 1996.
(B)
THE EXECUTIVE SHALL UPON THE TERMINATION OF
HIS EMPLOYMENT HEREUNDER IMMEDIATELY DELIVER UP TO THE COMPANY ALL FEE
SCHEDULES, LISTS OF CLIENTS, CORRESPONDENCE AND OTHER DOCUMENTS, PAPERS AND
PROPERTY BELONGING TO THE COMPANY OR ANY GROUP COMPANY OR RELATED TO ANY OF THE
MATTERS REFERRED TO IN PARAGRAPH 11(A) ABOVE WHICH MAY HAVE BEEN
7
PREPARED BY HIM OR HAVE COME INTO HIS POSSESSION IN THE COURSE OF HIS EMPLOYMENT
HEREUNDER AND SHALL NOT RETAIN ANY COPIES THEREOF.
12.
TERMINATION
THE COMPANY AND THE EXECUTIVE SHALL BE ENTITLED IN WRITING TO TERMINATE THE
EXECUTIVE'S EMPLOYMENT UNDER THIS AGREEMENT UPON:
(A)
THE EXECUTIVE'S DEATH;
(B)
THE TERMINATION FORTHWITH OF THE EXECUTIVE'S
EMPLOYMENT BY THE COMPANY FOR "CAUSE".
FOR PURPOSES OF THIS