Document:

Exhibit 10.30

 

Description
of the Virgin Media Inc. 2010 Bonus Scheme

 

The compensation committee
of Virgin Media Inc.’s board of directors approved the Company’s 2010 bonus
scheme (the “2010 Bonus Scheme”) on January 7, 2010 covering almost half
of the Company’s employees, including the Company’s named executive officers.
The principal terms of the 2010 Bonus Scheme are set forth below:

 

Bonus Percentage and Scheme
Levels

 

The 2010 Bonus Scheme offers
employees an opportunity to receive a bonus equal to a percentage of their base
salary. The percentages range from 5 - 100% of base salary (depending on
employee level) for on-target performance of a number of performance targets,
with a potential maximum payment of double the on-target percentage. Employees
also have the opportunity to earn up to 1.5 times the calculated bonus amount
depending on the employee’s individual personal performance during the year.

 

Qualifying Gate Target

 

In order for any bonuses to
be payable, the Company must achieve a qualifying financial performance target
(the “2010 Bonus Qualifying Gate”), which is based on the Company’s 2010
budgeted full year OCF (which is defined as operating income before
depreciation, amortization, goodwill and intangible asset impairments and
restructuring and other charges). If the 2010 Bonus Qualifying Gate is not
achieved, no bonus payments will be made under the 2010 Bonus Scheme.

 

Divisional and Individual
Performance Targets

 

If the Qualifying Gate is
achieved, bonuses will be payable according to achievement against the group
performance targets, as well as individually upon the achievement of personal
objectives.  The performance targets are
an appropriately weighted mix of financial and operational metrics for the
group, and measure: (i) OCF; (ii) customer satisfaction; and (iii) gross
margin.

 

For all measures, the amount
to be achieved for on-target performance (the “100% Threshold”) is generally
equal to the reasonably targeted amount for that measure. A maximum target (the
“200% Threshold”) is also set for each measure at which the bonus percentage
payable is twice the on-target percentage payable. A minimum target (the “50%
Threshold”) is also set at which the bonus payable is one-half of the on-target
percentage payable. If the minimum 50% Threshold is not achieved for a
particular measure, no bonus percentage is earned in respect of that measure.
Percentage payments are structured to rise on a linear basis between the 50%
Threshold and the 100% Threshold and between the 100% Threshold and the 200%
Threshold.

 

Performance Multiplier

 

Individual achievement
against a personal objectives scorecard will determine a personal multiplier
against that individual’s divisional performance. The award

 

 

amount will depend on an
individual’s final performance rating which is based on achievement of personal
objectives and the way in which they are achieved. An individual could earn up
to 150% of the divisional bonus if his or her performance was considered
exceptional during the year.

 

Approval and Timing

 

Payments made under the 2010
Bonus Scheme will be approved by the compensation committee. Bonus payments
will be measured on full year performance and if performance is achieved they
will be paid in one installment on or around March 31, 2011.

 

Changes to Targets and Scheme
Rules

 

The performance targets and rules to
the 2010 Bonus Scheme may be varied at any time by agreement of the
compensation committee.Exhibit 10.48

 

Mr A Barron

[Address Intentionally
Omitted]

 

16th December 2009

 

Dear Andrew

 

It has been an
exciting and challenging year during which you have taken a great lead in
delivering significant improvement across Customer and Operations.

 

I am pleased to
confirm that with effect from 4th January 2010
your role will be Chief Operating Officer, reporting to me. Your terms and
conditions of employment remain unchanged. Should your role change in the
future, all terms and conditions would be reviewed.

 

I look forward to your
continued and expanded contribution to the GEC as we focus on the next 2 to 3
years, in particular as to how we as the leaders of Virgin Media can make a
significant impact to our people.

 

To
confirm your acceptance of this change, please sign and return one copy of this
letter, in the enclosed pre-addressed envelope to Lisa Hersey, People Team,
Building 270, Virgin Media Limited, Media House, Bartley Wood Business Park,
Hook, Hampshire, RG27 9UP.

 

	
  Yours sincerely,

  	
   

  
	
   

  	
   

  
	
  /s/ Neil Berkett

  	
   

  
	
   

  	
   

  
	
  Neil Berkett

  	
   

  
	
  CEO

  	
   

  
	
  Virgin Media Limited

  	
   

  

 

1

 

IN WITNESS whereof this document has
been executed and delivered on the date first before written.

 

	
  SIGNED and DELIVERED
  as a DEED by VIRGIN

  MEDIA LIMITED acting by

  	
  }

  }

  }

  	
   

  
	
   

  	
  }

  	
  /s/ Elisa Nardi

  
	
   

  	
  }

  	
   

  
	
  in the presence of :-

  	
  }

  	
  Director
  / Authorised Attorney

  
	
   

  	
   

  	
   

  	
   

  
	
  Signed

  	
  /s/ Angie Hill

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Name

  	
  Angie Hill

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Address

  	
  [Intentionally Omitted]

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Occupation

  	
  Personal Assistant

  	
   

  	
   

  

 

I accept the changes to my
terms and conditions.

 

	
  Signed as a
  DEED by ANDREW BARRON in the presence of:

  	
  /s/ Andrew
  Barron

   

  	
  ANDREW BARRON

  The Executive

  
	
   

  	
   

  	
   

  
	
  Witness
  signature: /s/ Fiona Hillman

  	
   

  	
   

  
	
  Name: Fiona
  Hillman

  	
   

  	
   

  
	
  Address:
  [Intentionally Omitted]

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Occupation:
  Personal Assistant

  	
   

  	
   

  

 

2Exhibit 10.49

 

VIRGIN MEDIA INC.

 

RESTRICTED STOCK AGREEMENT

 

RESTRICTED STOCK AGREEMENT, dated as of November 2, 2009,
between Virgin Media Inc., a Delaware corporation (the “Company”), and Andrew M
Barron (the “Executive”).

 

WHEREAS, the Compensation
Committee of the Board of Directors of the Company (the “Compensation Committee”)
wishes to grant to the Executive, and the Executive wishes to accept from the
Company, shares of common stock of the Company, par value $0.01 per share (the “Restricted
Stock”), to be granted pursuant to the Virgin Media Inc. 2006 Stock Incentive
Plan (the “Plan”);

 

NOW, THEREFORE, the
parties hereto agree as follows:

 

1.                                       Grant of Restricted Stock.

 

The Company hereby grants to the Executive, and the
Executive hereby accepts from the Company, 75,000 shares of Restricted Stock on
the terms and conditions set forth in this Agreement.  This Agreement is also subject to the terms
and conditions set forth in the Plan. 
Capitalized terms used but not defined herein shall have the meanings
set forth in the Plan.

 

2.                                       Rights of Executive.

 

Except as otherwise provided in this Agreement, the
Executive shall be entitled, at all times on and after the date that the shares
of Restricted Stock are issued, to exercise all the rights of a stockholder
with respect to the shares of Restricted Stock (whether or not the Transfer
Restrictions thereon shall have lapsed), including the right to vote the shares
of Restricted Stock and the right, subject to Section 6 hereof, to receive
dividends thereon.  Notwithstanding the
foregoing, prior to the Lapse Date (as defined below), the Executive shall not
be entitled to transfer, sell, pledge, hypothecate, assign, or otherwise
dispose of or encumber, the shares of Restricted Stock (collectively, the “Transfer
Restrictions”).

 

3.                                       Vesting and Lapse of Transfer
Restrictions.

 

3.1                                 The Transfer Restrictions on the
Restricted Stock shall lapse and the Restricted Stock granted hereunder shall
vest as provided for on Exhibit A hereto.

 

3.2                                 Notwithstanding anything to the contrary
provided in the Plan or otherwise, the Transfer Restrictions on all of the
shares of Restricted Stock granted hereunder and then outstanding shall not
lapse and such shares of Restricted Stock shall not vest solely due to the
occurrence of an Acceleration Event.

 

4.                                       Escrow and Delivery of Shares.

 

4.1                                 Certificates
representing the shares of Restricted Stock shall be issued and held by the
Company in escrow and shall remain in the custody of the Company until their
delivery to the Executive or the Executive’s estate as set forth in Section 4.2
hereof, subject to the Executive’s delivery of any documents which the Company
in its discretion may require as a condition to the issuance of shares and the
delivery of shares to the Executive or the Executive’s estate.

 

 

4.2                                 Certificates
representing those shares of Restricted Stock in respect of which the Transfer
Restrictions have lapsed pursuant to Section 3 hereof shall be delivered
to the Executive as soon as practicable following the Lapse Date, provided that
the Executive has satisfied all applicable Withholding Tax requirements with
respect to the Restricted Stock.

 

4.3                                 The Executive may receive, hold, sell, or
otherwise dispose of those shares delivered to the Executive pursuant to Section 4.2
free and clear of the Transfer Restrictions, but subject to compliance with all
federal and state securities laws.

 

4.4                                 Prior to the Lapse Date, each stock
certificate evidencing shares of Restricted Stock shall bear a legend in
substantially the following form:

 

“This certificate and the shares of stock
represented hereby are subject to the terms and conditions (including
forfeiture, restrictions against transfer and rights of repurchase, if
applicable) contained in the Restricted Stock Agreement (the “Agreement”)
between the registered owner of the shares represented hereby and the
Company.  Release from such terms and
conditions shall be made only in accordance with the provisions of the
Agreement, a copy of which is on file in the office of the Secretary of Virgin
Media Inc.”

 

4.5                                 As soon as practicable following the
Lapse Date, the Company shall issue new certificates in respect of the shares
that have vested as of the Lapse Date which shall not bear the legend set forth
in Section 4.4, which certificates shall be delivered in accordance with Section 4.2
hereof.

 

5.                                       Effect of Termination of Employment for
any Reason.

 

Upon termination of the Executive’s employment with
the Company and its Affiliates, if applicable, for any reason, the Executive
shall forfeit the shares of Restricted Stock which are then subject to the
Transfer Restrictions, and, from and after such forfeiture, such shares of
Restricted Stock shall cease to be outstanding and the Executive shall have no
rights with respect thereto; provided, that, if the Executive’s employment
shall terminate after the end of a fiscal year of the Company and prior to the
date of the determination as to whether the performance conditions applicable
to such fiscal year have been met, the shares of Restricted Stock subject to
vesting in respect of such fiscal year shall remain outstanding following the
termination of the Executive’s employment and shall vest or be forfeited when
such determination is made, in either case based on such determination.

 

6.                                       Dividend Rights.

 

All dividends declared and paid by the Company on
shares of Restricted Stock shall be deferred until the lapsing of the Transfer
Restrictions pursuant to Section 3 hereof (and shall be subject to
forfeiture upon forfeiture of the shares of Restricted Stock as to which such
deferred dividends relate).  The deferred
dividends shall be held by the Company for the account of the Executive.  Upon the Lapse Date, the dividends allocable
to the shares of Restricted Stock as to which the Transfer Restrictions have
lapsed shall be paid to the Executive (without interest).  The Company may require that the Executive
invest any cash dividends received in additional Restricted Stock which shall
be subject to the same conditions and restrictions as the Restricted Stock
granted under this Agreement.

 

7.                                       No Right to Continued Employment.

 

Nothing in this Agreement shall be interpreted or
construed to confer upon the Executive any right with respect to continuance of
employment by the Company or any of its Affiliates, nor shall this Agreement
interfere in any way with the right of the Company or any such Affiliate to
terminate the Executive’s employment at any time.

 

 

8.                                       Withholding of Taxes.

 

The Executive shall pay
to the Company, or the Company and the Executive shall agree on such other
arrangements necessary for the Executive to pay, the applicable federal, state
and local income taxes required by law to be withheld (the “Withholding Taxes”),
if any, upon the vesting and delivery of the shares.  The Company shall have the right to deduct
from any payment of cash to the Executive an amount equal to the Withholding
Taxes in satisfaction of the Executive’s obligation to pay Withholding Taxes.

 

9.                                       Modification of Agreement.

 

This Agreement may be
modified, amended, suspended or terminated, and any terms or conditions may be
waived, but only by a written instrument executed by the parties hereto.

 

10.                                 Severability.

 

Should any provision of
this Agreement be held by a court of competent jurisdiction to be unenforceable
or invalid for any reason, the remaining provisions of this Agreement shall not
be affected by such holding and shall continue in full force and effect in
accordance with their terms.

 

11.                                 Governing Law.

 

The validity,
interpretation, construction and performance of this Agreement shall be
governed by the laws of the State of New York without giving effect to the
conflicts of laws principles thereof which might result in the application of
the laws of any other jurisdiction.

 

12.                                 Successors in Interest; Transfer.

 

This Agreement shall
inure to the benefit of and be binding upon any successor to the Company.  This Agreement shall inure to the benefit of
the Executive’s heirs, executors, administrators and successors.  All obligations imposed upon the Executive and
all rights granted to the Company under this Agreement shall be binding upon
the Executive’s heirs, executors, administrators and successors.  This Agreement is not assignable by the
Executive.

 

[the
remainder of this page is intentionally blank.]

 

 

	
   

  	
  VIRGIN MEDIA INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Neil A. Berkett

  
	
   

  	
  Name:

  	
  Neil A. Berkett

  
	
   

  	
  Title:

  	
  Chief Executive Officer

  

 

 

	
  ACCEPTED
  AND AGREED

  
	
   

  
	
   

  
	
  By:

  	
  /s/ Andrew M. Barron

  	
   

  
	
  Name:

  	
  Andrew M. Barron

  	
   

  

 

 

EXHIBIT A

 

PERFORMANCE CONDITIONS

 

The Transfer Restrictions
shall lapse and the Restricted Stock granted hereunder shall vest on March 1,
2011 subject to continuous employment and the achievement of performance conditions
to be determined by the Chief Executive Officer and the Compensation Committee
for the 2010 fiscal year.

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