Document:

EX-10.3

 Exhibit 10.3 

DATED              JUNE 2015 

IGLO FOODS GROUP LIMITED 

AND 
 STÉFAN
DESCHEEMAEKER 
 AND 

NOMAD FOODS LIMITED 
  

 
 SERVICE AGREEMENT 

 
  
  

 
 GREENBERG TRAURIG MAHER LLP 

7TH FLOOR 

200 GRAY’S INN ROAD 

LONDON WC1X 8HF 

 THIS AGREEMENT is made the      day of June 2015 

BETWEEN: 
  

	(1)	IGLO FOODS GROUP LIMITED, a company incorporated in England and Wales (registered number 05879466) whose registered office is at 5 New Square, Bedfont Lakes Business Park, Feltham, Middlesex, TW14 8HA (the
“Company”); and 

  

	(2)	STÉFAN DESCHEEMAEKER of 33 Avenue de Foestraets, Brussels 1180 Belgium (the “Executive”); and 

  

	(3)	NOMAD FOODS LIMITED incorporated in the British Virgin Islands with Company Number 1818482, whose registered office is Nemours Chambers, Road Town, Tortola, British Virgin Islands (“NOMAD”)

 NOW IT IS AGREED that the Company shall employ the Executive on the following terms and conditions: 

 

	1.	COMMENCEMENT AND TERM 

  

	1.1	The Executive’s employment under this Agreement shall commence on the date of this Agreement (the “Commencement Date”). 

 

	1.2	The employment of the Executive shall (subject to the provisions of this Agreement) be for an indefinite period terminable by either party giving the other not less than 12 months’ notice in writing, such notice to
expire at any time. 

  

	2.	EXECUTIVE’S DUTIES 

  

	2.1	The Executive shall during the continuance of the contract of employment: 

  

	 	2.1.1	serve to the best of his ability in the capacity of Chief Executive Officer and as a director of the Company and Nomad; 

  

	 	2.1.2	report to the Board of Directors of Nomad (the “Board”); 

  

	 	2.1.3	faithfully and diligently perform such duties and exercise such powers consistent with them as the Board (or anyone authorised by the Board) may from time to time properly and reasonably assign to or confer upon him;

  

	 	2.1.4	comply with the reasonable instructions of the Board from time to time; and 

  

	 	2.1.5	do all in his power to protect promote develop and extend the business interests and reputation of the Group. 

  

	2.2	The Executive shall also be appointed to the Board of Directors of Nomad and shall serve as its Chief Executive Officer: 

2.2.1 The Executive shall not be entitled to any additional compensation or fees (from the Company, Nomad or otherwise) as a result of such
appointment, nor shall it give rise to an employment relationship with Nomad; 
 2.2.2 Removal from the Board of Nomad shall not
(1) give rise to any breach of contract by the Company or any Associated Company and (2) in itself affect the Executive’s employment with the Company; 

2.2.3 The additional obligations relating to the appointment to the Board of Nomad set out in the Schedule to this Agreement shall apply. 

  
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	2.3	The Executive shall unless prevented by sickness, injury or other incapacity or as otherwise agreed by the Board and subject to this Agreement devote the whole of his time attention and abilities during his working
hours (which shall be normal business hours and such additional hours as may be reasonably necessary for the proper performance of his duties) to the business and affairs of the Group. The Executive acknowledges that he has unmeasured working time
for the purposes of Regulation 20 of the Working Time Regulations. 

  

	2.4	The Executive shall work at the Company’s offices at Bedfont Lakes, Middlesex or such other place of business of the Group which the Board may reasonably require for the proper performance of his duties and the
Executive may be required to travel both inside and outside of the UK on the business of the Group. 

  

	2.5	The Executive shall not during the continuance of this Agreement without the prior written consent of the Board of Nomad (such consent not to be unreasonably withheld or delayed) directly or indirectly carry on or be
engaged concerned or interested in any other business trade or occupation otherwise than as a holder directly or through nominees of either not more than 3 per cent in aggregate of any class of shares, debentures or other securities in issue
from time to time of any company which are for the time being quoted or dealt in on any recognised investment exchange (as defined by Section 285 of the Financial Services and Markets Act 2001) or passive shareholdings for investment purposes
in companies which do not at the relevant time compete or otherwise conflict with the business of the Company or any Associated Company. Notwithstanding the foregoing, the Executive shall be entitled to retain: 

 

	 	2.5.1	his directorship of AB InBev and of its holding company, EPS, and of Telnet; 

  

	 	2.5.2	his professorship at the Université Libre de Bruxelles 

 (the
“Interests”) provided always that: 
 (a) the Interests do not interfere with his duties under this Agreement at any point;
and 
 (b) he makes all reasonable efforts to step down from his Telnet directorship within a period of three months from the date of this
Agreement and (in any event) he agrees to ensure that he will no longer be a director of Telnet within six months from the date of this Agreement. 
  

	2.6	Following the service of notice by either party to terminate the Executive’s employment, or if the Executive purports to terminate this Agreement in breach of contract, the Board may by written notice for a maximum
of six months require the Executive not to perform any services for a defined period or until the termination of his employment. During this period: 

  

	 	2.6.1	the Company shall not be obliged to provide any work, or vest any powers in the Executive, who shall have no right to perform any services for the Company and the Board may appoint a replacement to carry out the
Executive’s duties and responsibilities; 

  

	 	2.6.2	the Executive shall continue to receive his salary and contractual benefits in the usual way; 

  

	 	2.6.3	the Executive shall remain an employee of the Company and (save as varied by the operation of this clause) be bound by the terms of this Agreement, particularly in relation to any duties of confidentiality and fidelity;

  
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	 	2.6.4	the Executive shall use all reasonable endeavours to remain contactable at all times during normal working hours by telephone and shall remain ready to attend work on reasonable notice (if so required by the Company);

  

	 	2.6.5	the Executive shall not engage in any activities or other occupation (whether paid or unpaid) in breach of his obligations under this Agreement. In particular, the Executive shall not directly or indirectly or on behalf
of (or together with) any other person, firm or company be, or prepare to be, concerned or otherwise interested in any other business or activity which is or will be or is likely to be in competition with the business of the Company or any of its
Associated Companies; 

  

	 	2.6.6	the Executive shall not access any premises of the Company or any Associated Company; 

  

	 	2.6.7	the Executive shall not contact any officer, employee, consultant, shareholder, client, customer, employee, agent, distributor or other business contact of the Company or any Associated Company save in a social context
and with the prior, written consent of the Board, such consent not to be unreasonably withheld; 

  

	 	2.6.8	the Company reserves the right to suspend or cancel access to the Company intranet, email and other systems and reserves the right to require the return of all Company property, including PC and mobile phone;

  

	 	2.6.9	the Executive shall cease to be an authorised signatory of the Company or hold a Power of Attorney for the Company (if requested in writing by the Company); 

 

	 	2.6.10	the Executive shall take all accrued holiday (in respect of the period up until the Termination Date) and no contractual holiday entitlement shall accrue; 

 

	 	2.6.11	the Executive shall not make any public statements in relation to the Company or any Associated Company or its or their officers or employees. 

 

	2.7	If the Executive proposes to commence a new role, in circumstances where the proposed new group in which he would be employed or engaged does not compete with the business of the Company or any Associated Company (and
does not propose to so compete for the duration of what would have been the Executive’s notice period), the Company will give reasonable consideration to any request to release him from its employment to enable the Executive to take up the new
role, provided that the Executive agrees to forfeit any remaining pay due in respect of any notice period, confirms that he will continue to be bound by the provisions of this Agreement which are expressed to take effect after the Termination Date,
including clauses 5 and 7, and agrees to enter into such documentation recording that position and waiving all claims against the Group, as the Company may reasonably require. For the avoidance of doubt, the decision whether or not to release the
Executive shall be in the absolute discretion of the Company, taking account of whatever circumstances and factors it sees fit. 

  

	2.8	The Company shall be able to suspend the Executive for so long as is reasonable, in order to investigate a complaint made against him. 

 

	3.	SALARY, BONUS AND EQUITY 

  

	3.1	The Company shall pay to the Executive a base salary (which shall accrue from day to day) at the rate of £700,000 per annum inclusive of any directors’ fees payable to the Executive under the articles of
association of the Company or any Associated Company subject to statutory deductions. The salary shall be payable by equal monthly instalments by credit transfer to the Executive’s bank or building society account. 

 

	3.2	 The salary payable to the Executive under clause 3.1 shall be reviewed by the remuneration committee of the Company annually, the first such review to
take place in 2017 at the time the Company normally reviews salaries for senior management and may, (if at all), be increased 

  
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by such amount as the remuneration committee may in its absolute discretion decide and notify to the Executive in writing. For the avoidance of doubt, the Executive’s salary shall not be
decreased on any review. 

  

	3.3	The Executive shall during the continuance of the employment be eligible to be paid bonuses of such amounts, at such times and subject to the achievement of such financial and other performance targets as the Board and
the remuneration committee of the Company may in their absolute discretion decide. The Executive’s target annual discretionary bonus shall be 100% of his base salary. For the avoidance of doubt, no entitlement to any part of a bonus accrues on
a daily basis. A payment in one year does not create any entitlement to receive a further bonus payment. Where the Executive’s employment ends during a bonus year, the Company shall (in its absolute discretion and taking account of any such
facts or circumstances as it sees fit) give consideration to a pro rata bonus payment. 

  

	3.4	The Executive shall be granted an equity award on the following terms, to be granted within 30 days of Nomad adopting its long term incentive plan. In this clause 3, the following definitions shall have the following
meanings: 

 The First Award shall mean an award over 1,000,000 shares in Nomad comprising the Primary Award and the
Secondary Award; 
 The First Performance Condition shall mean the closing mid-market price of the Company’s common stock on the
London Stock Exchange (or such other exchange on which the Company maintains its principal listing) exceeding $25.00 per share for a continuous period of ten (10) business days; 

The First Stage Date shall mean the two year anniversary of the Commencement Date; 

The Primary Award shall be 500,000 shares in Nomad; 

The Second Award shall mean an award over 1,000,000 shares in Nomad; 

The Second Performance Condition shall be the cumulative adjusted earnings before interest, taxes, depreciation and amortization
(“Adjusted EBITDA”) of the Company equalling or exceeding a US$ target to be agreed between the Company and the Executive following the Commencement Date (the “Performance Target”) for,
and as of the end of, the performance period commencing on the Commencement Date and ending on the Vesting Date (the “Performance Period”); 

The Second Stage Date shall mean the four year anniversary of the Commencement Date; 

The Secondary Award shall be 500,000 shares in Nomad; 

The Staging Date shall mean the First Stage Date and/or the Second Stage Date, as applicable; 

The Vesting Date shall mean the four year anniversary of the Commencement Date. 

 

	3.5	The Primary Award shall be eligible to vest on the First Stage Date and the Secondary Award shall be eligible to vest on the Second Stage Date provided that in each case the Executive is CEO of the Company, and not
under notice, on the relevant Staging Date. 

  

	3.6	Subject in each case to the conditions set out in clause 3.5 and to achievement of the First Performance Condition: 

  

	 	(a)	the Primary Award shall vest on the later of (1) the First Stage Date and (2) the first business day following the day on which the First Performance Condition is satisfied; 

 

	 	(b)	the Secondary Award shall vest on the fourth anniversary of the Commencement Date. 

  
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	3.7	Unless otherwise vested, the Primary Award and Secondary Award shall lapse on the fourth anniversary of the Commencement Date. 

  

	3.8	The Executive shall be eligible for the Second Award subject to satisfaction of the Second Performance Condition and the Executive being CEO of the Company, and not under notice, on the Vesting Date. 

 

	3.9	The Second Award shall vest on the later of (1) the day on which the Compensation Committee of the Board of Directors of Nomad certifies (if at all) that the Second Performance Condition has been satisfied and
(2) the Vesting Date. 

  

	3.10	Eligibility for the Second Award is also subject to the following: 

  

	 	3.10.1	The Performance Target must be achieved, if at all, as of the end of the Performance Period and, therefore, cannot be achieved before the end of the Performance Period; 

 

	 	3.10.2	In assessing whether the Second Performance Condition has been achieved, the Company may use such accounting methods, assumptions, guidance and principles as it shall in its reasonable discretion see fit;

  

	 	3.10.3	The Performance Target may be adjusted by the Company to reflect any acquisitions or divestitures by the Company after the date of this Agreement. The calculation of “adjusted EBITDA” will include adjustments
to conform to “As Adjusted EBITDA” reported by the Company. 

  

	3.11	Where the Award (or any part thereof) lapses, but the Executive is a good leaver (such term to be defined in the grant documentation and outlined below) the relevant time-vesting condition of the Award (being the First
Stage Date, the Second Stage Date and the Vesting Date) will be deemed to be satisfied insofar as the Executive would receive a pro rata award (based on the time from the Commencement Date until the earlier of the Termination Date and the date on
which the Company exercises its rights under clause 2.6 of this Agreement) subject always to achievement of the First Performance Condition and/or the Second Performance Condition (as applicable). In the event of a takeover of the Company prior to
the First or Second Award vesting, the Award shall vest to the extent that the Remuneration Committee of the Board (“Remco”) at its sole discretion determines, taking into account all circumstances including the progress made
towards achieving performance conditions during the curtailed vesting period. 

  

	3.12	For the purposes of the equity award described above, the Company agrees that: 

3.12.1 EBITDA will be adjusted and calculated in a way which is consistent with how the Company reports (or plans to report) to
the public; and 
 3.12.2 should there be a change in the way the Company so reports, EBITDA will be adjusted equitably to
reflect the changes. 
  

	3.13	“Good leaver” in this clause shall be the Executive’s employment by the Company terminating as a result of death, retirement at normal retirement age, permanent illness, redundancy (as defined in section
139 of the Employment Rights Act 1996), disability or dismissal for any reason other than under-performance (which shall be determined in the reasonable opinion of the Board) or cause. 

 

	4.	BENEFITS 

  

	4.1	The Company shall pay for the benefit of the Executive an annual contribution of £70,000 at the choice of the Executive either into such pension plan (whether personal or company) as the Executive may direct in
writing or to the Executive directly in equal monthly instalments. A contracting-out certificate is not currently in force in respect of the employment of the Executive. 

  
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	4.2	The Company shall pay, in respect of the Executive, premiums to a: 

  

	 	4.2.1	private medical insurance scheme in respect of the Executive and the Executive’s dependants; 

  

	 	4.2.2	permanent health insurance scheme; 

  

	 	4.2.3	life assurance scheme (3 times salary) 

 with such level of benefits as the Board shall in its
absolute discretion decide. The Executive’s participation in such schemes is subject to (1) the premiums for the Executive’s cover being at such a rate that the Company considers reasonable (2) any statutory or other regulatory
limit applicable to such premium (3) the insurer accepting the Executive for cover and (4) the rules of the relevant scheme and the rules of the insurance policy of the relevant insurance provider from time to time in force. 

 

	4.3	The Company reserves the right to (1) change the provider of any of the benefits available under this clause and (2) alter the level of coverage available to the Executive at any time. The Company shall only
be obliged to make payments to the Executive under the permanent health scheme if and to the extent it has received payment from the insurance provider for that purpose. The Company shall have no liability in the event that insurance cover is
refused, or any conditions or limitations are applied, by the provider. The Company shall be under no obligation to take any action to enforce the terms of any insurance policy or challenge any decision of the relevant policy provider.

  

	4.4	The Company shall pay to the Executive a car allowance of £14,400 paid by equal monthly instalments in arrears. 

  

	4.5	The Executive shall be entitled to 25 days paid holiday in each of the Company’s holiday years in addition to the usual public and bank holidays. On termination the Executive shall be paid in lieu of any untaken
holiday entitlement (if any) or shall he obliged to repay any holiday pay received in excess of the Executive’s entitlement (if any). One day’s pay for the purposes of this clause shall be calculated at the rate of 1/260th of the Executive’s annual salary. 

  

	4.6	Holiday shall be taken at such times as are approved by the Board and may not be carried forward from one holiday year to the next without the approval of the Board (which will not be unreasonably withheld or delayed).
The Company may require the Executive to take any holiday due to him at any time after notice of termination has been served by either party. 

  

	4.7	In the event that the Executive is unable to carry out his duties by reason of sickness or injury he shall, subject to compliance with the Company’s procedures relating to notification and certification periods, be
entitled to statutory sick pay in accordance with the relevant statutory rules. In addition, the Company will continue to make payments of salary to the Executive (subject to credit for any statutory sick pay and any payment to the Executive of
benefit under any permanent health insurance scheme provided by the Company) and continue to provide the benefits provided for in this Agreement for all periods of such incapacity up to a maximum of 26 weeks of such incapacity in any period of 52
weeks. To the extent that any sickness or injury is caused by the negligence or breach of duty of any third party and the Executive makes a claim for damages against such third party any payments or benefits provided under this clause shall be
deemed a loan by the Company and recoverable to the extent that a judgement is obtained and satisfied. 

  

	4.8	The Company shall reimburse the Executive for all reasonable vouched for travelling and similar out-of-pocket expenses incurred in the discharge of his duties subject to the Company’s expenses policy in force from
time to time. 

  

	4.9	 The Executive shall undergo an examination by a registered medical practitioner nominated by the Company at such times as the Company may reasonably
request and at the expense of the Company, and hereby consents to the medical adviser disclosing the results of the 

  
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examination to the Company and shall provide the Company with such formal consents as may be reasonably requested for this purpose and shall co-operate in ensuring the prompt delivery to the
Company of any such report. 

  

	4.10	If the Executive shall be a director of the Company or any Associated Company (save for Nomad), the Company shall pay premiums to a directors and officers liability insurance policy which offers cover for the Executive
in respect of any office he may hold in the Company or any Associated Company. Such cover shall be on no less favourable terms than are applicable to other offices of the Company or any Associated Company. The terms of the cover in respect of his
appointment as a director of Nomad are set out in the Schedule to this Agreement. 

  

	5.	COMPANY PROPERTY AND CONFIDENTIALITY 

 In this clause, “Intellectual Property
Rights” shall mean all patents, rights to Inventions, copyright and related rights, trade marks, service marks, trade, business and domain names, rights in trade dress, rights in get-up and goodwill or to sue for passing off, design rights
and registered designs, rights in confidential information (including know-how) and database rights in each case whether registered or unregistered and any other intellectual property rights and including all applications for and renewals or
extensions of such rights in any part of the world. “Inventions” shall mean any invention, idea, discovery, improvement, development or innovation, whether or not patentable or capable of registration, and whether or not recorded in
any medium. 
  

	5.1	The Executive acknowledges that all Intellectual Property Rights subsisting developed by the Executive in the course of his employment (whether or not during working hours or using Company resources) shall belong to the
Company absolutely. To the extent that they do not automatically vest in the Company, the Executive shall hold them on trust for the Company. 

  

	5.2	The Executive shall give the Company full details in writing of all Inventions and of all works embodying Intellectual Property Rights made wholly or partially by him at any time in the course of his employment which
relate wholly or partly to the business of the Company or any Associated Company. 

  

	5.3	The Executive hereby irrevocably waives all moral rights under the Copyright Designs and Patents Act 1988 (and any similar or equivalent rights in other jurisdictions) in relation to any existing or future works created
by him in the course of his employment. 

  

	5.4	The Executive acknowledges that the client and candidate databases of the Company and any Associated Company are their key assets and all intellectual property rights in such and their contents are and shall remain at
all times the property of the Company. Any databases created by the Executive in the course of his employment shall be the property of the Company and the Executive agrees to take any such steps as may be necessary to assign such rights to the
Company. 

  

	5.5	The Executive shall not copy or download in any format or use in whole or part the contents of any Company or Associated Company database (except as required by law or in the proper performance of the Executive’s
duties for the Company). 

  

	5.6	During his employment with the Company and thereafter the Executive shall not use any databases or any other intellectual property rights owned by the Company or any Associated Company directly or indirectly to procure
a commercial benefit to himself or another party or to create a commercial detriment to the Company or any Associated Company. 

  

	5.7	On the termination of the Executive’s employment (or earlier if requested): 

  

	 	5.7.1	the Executive will immediately cease to use all databases owned by the Company or any Associated Company and/or by him in the course of his employment; and 

 

	 	5.7.2	the Executive shall forthwith surrender to a representative of the Company all documents and other materials including discs and memory sticks which contain any copies or extracts from databases owned by the Group and
delete all electronic copies or extracts of the databases or their contents. 

  
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	5.8	The Executive acknowledges that he shall become aware of and have access to Confidential Information. “Confidential Information” shall mean trade secrets and confidential information (howsoever stored)
relating to the Company, Associated Companies, its and their businesses and its and their past, current or prospective clients or customers, including information relating to finances, business transactions, research activities, dealings and affairs
and prospective business transactions, Board decisions, customers (including customer lists, customer requirements and their identity), existing and planned product lines, price lists and pricing structures (including discounts, special prices or
special contract terms offered to or agreed with customers), technology used by the Company or any Associated Company in their products and services, business plans, sales and marketing information, plans and strategies, computer systems, source
codes and software, directors and information relating to employees, suppliers, licensors, agents, distributors or contractors. This shall include information expressly designated by the Company or any Associated Company as being confidential.

  

	5.9	The Executive shall not (save as required by law or in the proper performance of his duties) either during his employment or after its termination (for whatever reason) use or disclose to any person, company or other
organisation whatsoever, and shall use his reasonable endeavours to prevent the publication or disclosure of, any Confidential Information. 

  

	5.10	This clause shall not apply to: 

  

	 	5.10.1	use or disclosure authorised by the Company or required by law; 

  

	 	5.10.2	any information which is already in, or comes into, the public domain other than through the unauthorised disclosure of the Executive. 

 

	5.11	On the Termination Date (or earlier if so requested by the Company), the Executive shall return all property of the Company and any Associated Company in his possession, custody or control, including his company car,
credit cards, books, keys, notes, correspondence, codes, security passes, computer software and hardware (including laptops and hard disks), papers, drawings, designs, records and mobile telephones and all information (on whatever media and wherever
located) relating to the business and affairs of the Company or any Associated Company or its or their clients. For the avoidance of doubt, this clause shall not prevent the Executive retaining his own property and information. 

 

	5.12	This clause survives the termination of this Agreement and the Executive’s employment under it, howsoever caused. 

  

	6.	TERMINATION 

  

	6.1	The Company may not terminate this Agreement in circumstances which would prejudice the Executive’s entitlement under any permanent health insurance scheme in respect of which the Company or any Associated Company
pays or has paid premiums for the Executive in which the Executive participates and either he: 

 6.1.1 is in actual receipt of
benefits thereunder; or 
 6.1.2 is not in receipt of benefits but the Executive is absent from work by reason of sickness or injury in
circumstances where it is reasonably foreseeable that he may be entitled to payments under the Company’s PHI scheme as a consequence of the sickness or injury causing his absence 

save pursuant to clause 6.3 below or by reason of redundancy. 

  
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	6.2	The Company may terminate the Executive’s employment at any time by serving a notice under this clause stating that the Company is exercising its rights under this clause and stating that it will pay to the
Executive within 14 days a sum equal to the basic salary (as at the date of this Agreement), pension payment under clause 4.1 and car allowance under clause 4.4 in lieu of any required period of notice less deductions for income tax and national
insurance, provided always that if the Company should decide not to exercise its rights under this clause, the Executive shall not be entitled to enforce the payment referred to as a contractual debt nor as liquidated damages and his sole remedy
shall be a claim in damages in respect of any unexpired period of notice. For the avoidance of doubt, such payment shall not include (1) any bonus that might otherwise be due during the relevant period; (2) any benefits which the Executive
might have been entitled to receive during the period; or (3) any payment in respect of holiday entitlement which may have accrued during that period. 

  

	6.3	The Company shall at all times be entitled to terminate this Agreement and the Executive’s employment forthwith without any payment by way of compensation, damages, payment in lieu of notice or otherwise if the
Executive: 

  

	 	6.3.1	is guilty of any gross misconduct; or 

  

	 	6.3.2	commits any serious, material or repeated breach or non-observance of any of the terms or conditions of this Agreement; or 

  

	 	6.3.3	neglects or refuses to carry out any of his duties or to comply with any reasonable and lawful instruction of the Company; or 

  

	 	6.3.4	has a bankruptcy order made against him or makes any arrangement with or for the benefit of his creditors; or 

  

	 	6.3.5	is charged with or convicted of any criminal offence (other than an offence under any road traffic legislation for which a fine or non-custodial penalty is imposed); or 

 

	 	6.3.6	is disqualified from acting as a director or resigns as a director of the Company or any Associated Company without the prior written approval of the Company; or 

 

	 	6.3.7	is disqualified from membership of, or is subject to any disciplinary sanction by, any professional or other body, membership of which is relevant to his employment under this Agreement; or 

 

	 	6.3.8	is guilty of any fraud or dishonesty or acts in any way which in the reasonable opinion of the Company brings the Company or any Associated Company into material disrepute, or is materially adverse to its or their
interests; or 

  

	 	6.3.9	fails materially to comply with any policy of the Company or any Associated Company including its rules relating to the use of its electronic communications systems; or 

 

	 	6.3.10	materially breaches the Company’s policies and procedures dealing with the Bribery Act 2010 whether or not criminal or other sanctions are imposed; or 

 

	 	6.3.11	enters into any transaction or behaves in any other way which constitutes an offence for the purposes of Part V of the Criminal Justice Act 1993 or which constitutes market abuse for the purposes of Part VIII of FSMA.

 The rights of the Company under clause are without prejudice to any other rights that it may have at law to terminate this
Agreement or to accept a breach by the Executive as having brought it to an end. Any delay by the Company in exercising its rights to terminate shall not constitute a waiver thereof. 

  
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	6.4	If the employment of the Executive is transferred to an Associated Company by reason of the liquidation of the Company for the purposes of reconstruction or amalgamation or as part of any arrangement for the
amalgamation or reconstruction of the Company not involving insolvency and the Executive is offered employment with any concern or undertaking resulting from such reconstruction or amalgamation on the same terms and conditions (save for the identity
of the employer) as this Agreement the Executive shall have no claim against the Company in respect of such transfer or termination. 

  

	6.5	On termination (or once notice has been served by either party and the Company has exercised its rights under clause 2.6 of this Agreement), the Executive shall: 

 

	 	(a)	at the request of the Board immediately resign from any office held by him in the Group (including Nomad) without claim for compensation (without prejudice to any claims he may have for damages for breach of this
Agreement) and in the event of his failure to do so the Company is irrevocably authorised to appoint some person in his name and on his behalf to sign and deliver such resignations to the Board; and 

 

	 	(b)	immediately repay all outstanding debts and loans due to the Company or any Associated Company and the Company is hereby authorised to deduct from any monies due to the Executive a sum in repayment of all or any part of
any such debts or loans. 

  

	7.	EXECUTIVE’S COVENANTS 

  

	7.1	For the purpose of this clause 7: 

 “the Business” means any business carried
on by the Group at the Termination Date and with which the Executive has been concerned to a material extent in the 12 months immediately preceding such termination or the date on which the Company exercises its rights under clause 2.6 (whichever is
the earlier); 
 references to “Associated Companies” shall only be reference to Associated Companies in respect of which
the Executive has carried out material duties in the period of 12 months prior to the Termination Date or the date on which the Company has exercised its rights under clause 2.6 (whichever is the earlier); 

“Restricted Person” shall mean any person who or which has at any time during the period of 12 months immediately preceding
the Termination Date or the date on which the Company exercises its rights under clause 2.6 (whichever is the earlier) done business with the Company or any Associated Company as customer or client or distributor or consultant and with whom or which
the Executive shall have had material dealings, contact with or responsibility for during the course of the employment; 
 “Key
Employee” shall mean any person who at the Termination Date or the date on which the Company exercises its rights under clause 2.6 (whichever is the earlier) is employed or engaged by the Group, with whom the Executive has had material
contact and (a) is employed or engaged in a senior capacity and/or (b) is in the possession of confidential information belonging to the Group and/or (c) is directly managed by or reports to the Executive. 

 

	7.2	The Executive acknowledges that during the course of the employment with the Company that he will receive and have access to Confidential Information of the Group and that he will have influence over and connection with
customers, clients and employees of the Group with which the Executive comes in contact during the employment and accordingly he is willing to enter into the covenants described in clauses 7.3 and 7.4 in order to provide the Group with reasonable
protection for its interests. 

  
 10 

	7.3	The Executive covenants with the Company that he will not in connection with the carrying on of any business in competition with the Business for the period of 12 months after the Termination Date without the prior
written consent of the Board either alone or jointly with or on behalf of any person directly or indirectly: 

  

	 	7.3.1	canvass, solicit or approach or cause to be canvassed or solicited or approached for orders in respect of any services provided and/or any goods sold by the Group any Restricted Person; 

 

	 	7.3.2	solicit or entice away or endeavour to solicit or entice away from the Group, or employ or engage, any Key Employee. 

  

	7.4	The Executive covenants with the Company that he will not for the period of 12 months after the Termination Date without the prior written consent of the Board either alone or jointly with or on behalf of any person
directly or indirectly carry on or set up or be employed or engaged by or otherwise assist in or be interested in any capacity (save as a shareholder of not more than 1% in aggregate of any class of shares, debentures or other securities of any
company which are quoted on or dealt in any recognised investment exchange) in a business anywhere within the United Kingdom, Italy, Germany, Austria, the Netherlands, Belgium, Portugal, France, Ireland, Russia and Turkey and such other areas in
which the Company or any Associated Company carries on business or plans to carry on business (and in which plans the Executive has been involved) at the Termination Date and in respect of which the Executive shall have carried out material duties
or been materially engaged or concerned at any time during the period of 12 months immediately preceding the Termination Date which is (or is likely to be) in competition with the Business, provided that a business shall only be regarded as
competing with the Business if such business includes the preparation, processing and/or supply of frozen foods, goods and products for supply or distribution in countries in which any part of the Business supplies or distributes its products at the
Termination Date. 

  

	7.5	The periods during which clauses 7.3 and 7.4 are expressed to operate shall each be reduced by such period as the Executive shall have complied during his notice period with a direction to perform no duties and/or not
to enter all or any premises of the Group pursuant to clause 2.6. 

  

	7.6	The covenants contained in clauses 7.3.1 and 7.3.2 and 7.4 are intended to be separate and severable and enforceable as such. 

  

	7.7	While the aforesaid restrictions are considered by the parties to be reasonable in all the circumstances, it is agreed that if any restriction 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 thereof were deleted the said restrictions shall apply with such modifications as may be necessary to make them valid and effective. 

 

	8.	STATUTORY PARTICULARS 

  

	8.1	The Executive’s period of continuous employment commenced on the Commencement Date. 

  

	8.2	There is no formal disciplinary procedure in relation to the Executive’s employment. The Executive shall be expected to maintain the highest standards of integrity and behaviour. 

 

	8.3	If the Executive is not satisfied with any disciplinary decision taken in relation to him, he may apply in writing within 14 days of that decision to the Board whose decision shall be final. 

 

	8.4	If the Executive has any grievance in relation to his employment he may raise it in writing with the Board whose decision shall be final. 

 

	8.5	There are no collective agreements applicable to the Executive’s employment. 

  

	8.6	This clause 8 is not intended to be of contractual effect. 

  
 11 

	9.	MISCELLANEOUS 

  

	9.1	The Executive hereby warrants that by virtue of entering into this Agreement he is not and will not be in breach of any express or implied terms of any contract, court order or of any other obligation legally binding
upon him. 

  

	9.2	Any benefits provided by the Company to the Executive or his family which are not expressly referred to in this Agreement shall be regarded as ex gratis benefits provided at the entire discretion of the Company and
shall not form part of the Executive’s contract of employment. 

  

	9.3	The Company shall be entitled without notice to the Executive at any time during the Executive’s employment and upon termination to set off and/or make deductions from the Executive’s salary or from any other
sums due to the Executive from the Company or any Associated Company in respect of any overpayment of any kind made to the Executive or in respect of any outstanding debt or other sum due from him. 

 

	9.4	A person who is not a party to this Agreement has no right under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of this Agreement. 

 

	9.5	The Company will pay direct to the Executive’s legal advisers (Dechert) provided the Company receives within 14 days of the date of this Agreement an invoice from them (addressed to the Executive and marked as
payable by the Company), their reasonable legal fees incurred solely in connection with advising the Executive on the terms of this Agreement, up to a maximum of £6000 (exclusive of VAT). 

 

	10.	DEFINITIONS AND INTERPRETATION 

  

	10.1	In this Agreement unless the context otherwise requires: 

 “Associated Company”
means any company which is a holding company or a subsidiary of the Company or a subsidiary of the Company’s holding company and “holding company” and “subsidiary” shall have the meanings given by s.1159
Companies Act 2006 or as amended from time to time and “Associated Companies” shall be construed accordingly; 

“Group” means the Company and the Associated Companies; 

“Termination Date” means the last day of the Executive’s employment with the Company under this Agreement. 

 

	10.2	In this Agreement the headings are for convenience only and shall not affect its construction or interpretation. References to clauses are references to clauses in this Agreement and references to a person shall where
the context permits include reference to a corporate body or an unincorporated body of persons. Any word which denotes the singular shall where the context permits include the plural and vice versa and any word which denotes the masculine gender
shall where the context permits include the feminine and/or the neuter genders and vice versa. Any reference to a statutory provision shall be deemed to include a reference to any statutory amendment modification or re-enactment. 

 

	10.3	This Agreement contains the entire understanding between the parties and supersedes all (if any) subsisting agreements arrangements and understandings (written or oral) relating to the employment of the Executive which
such agreements, arrangements and understandings shall be deemed to have been terminated by mutual consent. The Executive warrants that he has not entered into this Agreement in reliance on any warranty representation or undertaking of any nature
whatsoever which is not contained in or specifically incorporated in this Agreement. 

  

	10.4	Any amendments to this Agreement shall only be valid if set out in writing and signed by both parties. 

  

	10.5	This Agreement is governed by and shall be construed in accordance with the law of England and Wales and is subject to the exclusive jurisdiction of the Courts of England and Wales. 

  
 12 

 EXECUTION 

The parties have shown their acceptance of the terms of this Deed by executing it as a deed below. 

 

					
	 EXECUTED as a deed by a Director, duly

authorised for and on behalf of the Company, in
 the presence
of:
	 	 )
 )

)
	 	

	 	 
	 	 	
			
	Signature of Witness:	 		 	

			
	Name of Witness:	 		 	B. J. MURRAY
			
	Address of Witness:	 		 	 214 EPSON ROAD
 GUILDFORD GU1 2RA

			
	Occupation of Witness:	 		 	GROUP HR DIRECTOR
			
	EXECUTED as a deed by STEFAN	 	)	 	

	DESCHEEMAEKER in the presence of:	 		 	
			
	Signature of Witness:	 		 	

			
	Name of Witness:	 		 	CANDICE WOODBRIDGE
			
	Address of Witness:	 		 	5 PARTRIDGE CLOSE, GREINTON, SOMERSET, TA7 9BA
			
	Occupation of Witness:	 		 	EXECUTIVE ASSISTANT
			
	EXECUTED as a deed by a Director, duly	 	)	 	

	 authorised for and on behalf of Nomad, in the

presence of:
	 		 	
			
	Signature of Witness:	 		 	

			
	Name of Witness:	 		 	MELANIE LOWEIN
			
	Address of Witness:	 		 	 LITTLE PETERLEY,
 HEALTH END ROAD,

LITTLE KINGSHILL
 BUCKINGHAMSHIRE

HP16 0EB

			
	Occupation of Witness:	 		 	P.A.

  
 13 

 SCHEDULE 

OBLIGATIONS IN RESPECT OF DIRECTORSHIP OF NOMAD 
  

	1.	APPOINTMENT 

  

	1.1	Your appointment and any re-appointment as a Director is subject to Nomad’s articles of association (as amended from time to time) (the “Articles”). Nothing in this letter will be taken to exclude
or vary the Articles as they apply to you as a Director of Nomad. 

  

	1.2	The Board has resolved that all directors are subject to annual election at Nomad’s 2015 annual general meeting and expects to do so in subsequent years. You will therefore be required to be put forward for
re-election at each annual general meeting of Nomad. If the shareholders do not confirm your appointment or re-elect you as a director, or you are retired from office under the Articles, your appointment shall terminate automatically, with immediate
effect and without compensation. 

  

	1.3	You shall, during the appointment: 

  

	 	1.3.1	act as a Director of Nomad and comply with all obligations on you under British Virgin Islands law (including but without limitation the BVI Business Companies Act (the “BVI Companies Act”) and all
applicable provisions of common law) and regulations or any other applicable laws and regulations in your positions as such including, without limitation, the Disclosure and Transparency Rules, the Listing Rules and the rules of the London Stock
Exchange or any other stock exchanges on which Nomad shares are listed and/or traded; 

  

	 	1.3.2	comply with the Articles; 

  

	 	1.3.3	abide by any statutory, fiduciary or common-law duties to Nomad; and 

  

	 	1.3.4	not do anything that would cause you to be disqualified from acting as a Director. 

  

	2.	TERMINATION OF APPOINTMENT 

  

	2.1	Subject to (i) the Articles and the BVI Companies Act, and any ordinance, statutory instrument or regulation made thereunder, or any other applicable law or regulations; or (ii) paragraph 2.2, your appointment
as a Director of Nomad may be terminated at any time by Nomad giving you three months’ notice in writing. 

  

	2.2	Nomad will, without prejudice to Article 27.1 of the Articles, be entitled to terminate your appointment as a director of Nomad, at any time, by summary notice in writing with immediate effect if: 

 

	 	2.2.1	you have committed any serious breach or any repeated or continued material breach of your obligations to Nomad (which include an obligation not to breach your fiduciary duties and obligations set out in this Schedule)
or of any requirement under British Virgin Islands law or regulations or any other applicable law or regulations; 

  

	 	2.2.2	all the other Directors of Nomad by notice in writing request that you resign; 

  

	 	2.2.3	you are disqualified or prohibited by law from being or acting as a Director or from being involved in the management of Nomad; 

  

	 	2.2.4	you are not re-elected as a Director of Nomad by shareholders of Nomad or you are removed from office by the Shareholders of Nomad in accordance with applicable law and the Articles; 

  
 14 

	 	2.2.5	you have been declared bankrupt or have made an arrangement or composition with or for the benefit of your creditors or you have any judgment executed on any of your assets; 

 

	 	2.2.6	you are convicted of any arrestable criminal office (other than an offence made under the road traffic legislation in the United Kingdom or elsewhere for which a fine or non-custodial penalty is imposed);

  

	 	2.2.7	you become incapable, in the reasonable opinion of Nomad, of properly performing your duties, having been given due warning by Nomad and having failed to remedy the situation to the satisfaction of Nomad within a
reasonable period from the date of such warning; 

  

	 	2.2.8	you, in the reasonable opinion of the Board, are guilty of serious misconduct or willful and persistent neglect of your obligations under this appointment; 

 

	 	2.2.9	you, in the reasonable opinion of the Board, act in such a way as to seriously jeopardise the business of Nomad; or 

  

	 	2.2.10	you are guilty of any fraud or dishonesty or act in any manner which, in the opinion of Nomad, brings or is likely to bring you or Nomad into disrepute or is materially adverse to the interests of Nomad;

  

	 	2.2.11	your employment with Iglo Foods Group Limited ceases or Iglo Foods Group Limited exercises its rights under clause 2.6 of this Agreement. 

 

	2.3	Without prejudice to paragraph 11 of this Schedule, if your appointment is terminated by Nomad for any reason, you will not be entitled to director fees or any other director compensation, other than fees that have
accrued on a pro rata basis up to the date of termination. 

  

	2.4	You may terminate your appointment as a director of Nomad at any time by giving notice in writing to Nomad. 

  

	2.5	You will not at any time after the termination of your appointment represent yourself, or allow yourself to be held out or presented in any way, as connected with or interested in the business of Nomad other than in
your capacity as a shareholder of Nomad or as a person affiliated with a shareholder of Nomad, save to the extent that you are communicating with any person in respect of any actual or prospective claim brought against you in your capacity as a
former director of Nomad) and save in respect of your employment with Iglo Foods Group Limited (if subsisting). 

  

	2.6	You agree that on termination of your appointment: 

  

	 	2.6.1	you will resign in writing from the office of director (if such termination did not arise as a result of your resignation) and you hereby irrevocably authorise Nomad as your attorney in your name and on your behalf to
sign all documents and do all things necessary to give effect to this; and 

  

	 	2.6.2	you will forthwith deliver to Nomad all records, documents, accounts, letters and papers of every description (including in particular board papers and board minutes) and copies thereof (the
“Documents”) within your possession or control as a director of Nomad relating to the affairs and business of Nomad and any other property belonging to Nomad. Nomad shall grant you reasonable access and permit you to take copies of
the Documents to the extent you are required to disclose them by law, any stock exchange regulation or any binding judgment, order or requirement of any court or other competent authority, any tax authority to the extent reasonably required for the
purposes of your tax affairs or to your professional advisers for a purpose reasonably incidental to your appointment. 

  
 15 

	3.	ROLE 

  

	3.1	The Board as a whole is collectively responsible for the success of Nomad and: 

  

	 	3.1.1	provides entrepreneurial leadership of Nomad within a framework of prudent and effective controls which enable risk to be assessed and managed; 

 

	 	3.1.2	sets Nomad’s strategic aims, ensures that the necessary financial and human resources are in place for Nomad to meet its objectives and reviews management performance; and 

 

	 	3.1.3	sets Nomad’s values and standards and ensures that its obligations to its shareholders and others are understood and met. 

The Board as a whole must take decisions objectively in the interests of Nomad. Further, once you have been appointed as a director, you
understand that the Board will be responsible for overseeing Nomad’s compliance with the Listing Rules, the Prospectus Rules and the Disclosure and Transparency Rules or any other stock exchanges on which Nomad shares are listed and/or traded.

  

	3.2	As a Director, you will be expected to exercise the general fiduciary duties of care and confidentiality expected of every company director which include an obligation not to do anything that might bring Nomad into
disrepute. You should constructively challenge and help develop proposals on strategy and to help implement the business strategy. You should scrutinise the performance of management in meeting agreed goals and objectives and monitor the reporting
of performance. You should satisfy yourself on the integrity and accuracy of financial information and that financial controls and systems of risk management are robust and defensible. 

 

	3.3	All Directors must act in the way they consider, in good faith, would be most likely to promote the success of Nomad for the benefit of its members as a whole. 

 

	3.4	You will be required to comply with and, where applicable, accept responsibility (publicly and, where necessary, in writing) under or by: 

 

	 	3.4.1	the BVI Companies Act; 

  

	 	3.4.2	the Disclosure and Transparency Rules and the Listing Rules; 

  

	 	3.4.3	the rules of the London Stock Exchange; 

  

	 	3.4.4	the terms of the Articles; 

  

	 	3.4.5	any other law or regulation applicable to Nomad directors; and 

  

	 	3.4.6	in any event, the terms set out in the statement of adherence to Director’s responsibilities which will be printed in Nomad’s accounts. 

 

	3.5	You shall have no power to enter into any legal or other commitment or contract on behalf of Nomad unless duly authorised by a resolution of the Board or a committee of the Board. You shall not hold yourself out as in
any way authorised to bind Nomad unless duly authorised by a resolution of the Board or a committee of the Board. 

  

	3.6	In your role as Director, you must carefully consider any potential acquisition by Nomad of an operating company or business. In performing this task, you must take into account the criteria and guidelines for
evaluating any potential acquisition agreed by the Board. 

  
 16 

	4.	DUTIES 

  

	4.1	You will be expected to use your reasonable efforts to attend Board meetings, the annual general meeting of Nomad and any other general meetings of Nomad. It is anticipated that Board meetings will be held on a
quarterly basis. Further meetings may have to be called at shorter notice as and when required, to discuss particular topics of importance, although the Board will wherever possible abide by the minimum notice period for Board meetings set out in
Article 32.2 of the Articles. Attendance in person may not be required to the extent the Board determines that remote participation in accordance with Article 32.5 of the Articles (permitting attendance by telephone or video conference or the like
at Board meetings) will suffice. 

  

	4.2	With your agreement, you may serve on committees of the Board. 

  

	4.3	You will be expected to devote appropriate preparation time ahead of each meeting if appropriate. 

  

	5.	RELATIONSHIP BETWEEN PARTIES 

 The relationship between you and Nomad shall be one of
officeholder and not one of employment. At no time shall you or Nomad hold you out as being an employee. 
  

	6.	INFORMATION 

  

	6.1	You will be entitled to receive such information as is provided to all directors in their capacity as a director including information reports on a quarterly basis outlining the current performance of the Company.

  

	6.2	You may request, in your capacity as a director, information in respect of the Company or any of its subsidiaries or any meeting of the Board (or any committee of the Board established from time to time) which
information will be provided only upon the prior approval of the Chairmen of the Board. 

  

	7.	FEES AND EXPENSES 

  

	7.1	You are not entitled to any fees from Nomad and nor shall you participate in any bonus or pension schemes of Nomad by virtue of your appointment save as provided in clause 3.4 of the main body of this Agreement. The
payments made to you by Iglo Foods Group Limited pursuant to the service agreement of even date shall include any entitlement to fees which may arise by virtue of your appointment with Nomad. 

 

	7.2	Nomad will reimburse all expenses reasonably incurred by you (including travel, accommodation and telephone calls and any applicable value added or equivalent taxes properly payable thereon) in undertaking your duties
as a Director, including attendance at Board meetings provided that you provide evidence of expenditure as may be reasonably requested by Nomad. 

  

	7.3	You will be able to consult Nomad’s outside advisers at Nomad’s expense when you consider you need professional advice in connection with the performance of your duties as a Director. In addition, it may be
appropriate in some circumstances for you to seek advice from an independent advisor at Nomad’s expense. In such an event and prior to such independent advice being sought or expense being incurred, you should consult with the Board of Nomad
(and if the interests of other Directors are the same as yours such independent advice should be sought jointly with the other Directors). 

  

	8.	OTHER DIRECTORSHIP AND DISCLOSURES 

  

	8.1	You confirm that you have disclosed fully to the Board, all circumstances in respect of which there is, or there might be, a conflict of interest with Nomad, and you confirm that if any such circumstances arise in
respect of which there is or there might be a conflict of interest, during your appointment, you will communicate this to the Board as soon as reasonably practicable. 

  
 17 

 You confirm that you have disclosed your, and your connected persons’ (as defined in section
96B(2) of the Financial Services and Markets Act (the “FSMA”)) interests in any other business which gives rise, or which may give rise, to a conflict of interest with Nomad and you confirm that if any such interest arises during
the course of your appointment (whether yours or any member of your connected persons) you will disclose this immediately to the Board as soon as reasonably practicable. 
  

	8.2	For the purposes of determining whether you have any interest in any securities in any company or other firm, the provisions of Chapter 5 of the Disclosure and Transparency Rules, or any other regulation or standard
deemed relevant by the Board, shall apply. 

  

	9.	COMPLIANCE 

  

	9.1	It is a criminal offence to disclose “inside information” (as defined in section 118C of the FSMA) about a company to anyone who makes use of this information and deals in that company’s securities before
such information (which could be price sensitive) is known publicly and, under certain circumstances this may also be an offence in the British Virgin Islands. 

  

	9.2	You shall at all times comply (and procure that your connected person as defined in section 96B(2) of the FSMA comply) with any code of conduct relating to securities transactions by directors and specified employees
adopted, issued and amended by Nomad from time to time, including the Model Code (to the extent adopted by Nomad), and any other code on dealings or securities applicable to Nomad, and the rules of any regulatory authority. 

 

	10.	CONFIDENTIALITY 

  

	10.1	Notwithstanding any other fiduciary obligations you may have to Nomad, you will be expected to treat as secret and confidential, and not at any time, either during your appointment or afterwards, for any reason,
disclose or permit to be disclosed to any person, or otherwise make use of or permit use to be made of, any information of a confidential or commercially sensitive nature relating to Nomad’s business, affairs or finances which comes to your
attention as a result of this appointment. 

  

	10.2	Your attention is drawn to the requirements under both legislation and regulation as to the disclosure of price sensitive information. Consequently, you should avoid making any statements that might risk a breach of
these requirements without prior clearance from the Board. 

  

	11.	INDEMNITY 

  

	11.1	If you were or are made a party or are threatened to be made a party to or are involved in any actual or threatened or completed action, suit or proceeding, whether civil, criminal, administrative or investigative
(hereinafter a “proceeding”), by reason of the fact that you are or were a director of Nomad or are or were serving at the request of Nomad in any other capacity, Nomad shall indemnify you and hold you harmless to the full extent
authorized by the laws of the British Virgin Islands, subject to the provisions of Section 132 of the BVI Companies Act or any successor act, as applicable and Article 33 of the Articles, against all expense, liability and loss and any
applicable value added or equivalent taxes properly payable thereon (including attorneys’ fees and related disbursements, judgments, fines, penalties and amounts paid or to be paid in settlement) actually and reasonably incurred or suffered by
you in connection therewith. For the avoidance of doubt, this indemnity shall not apply where you have committed fraud in undertaking your duties. 

  

	11.2	Expenses (including attorneys’ fees, costs and charges) incurred by you in defending a proceeding shall be paid by Nomad in advance of the final disposition of such proceeding upon receipt of your undertaking to
repay all amounts so advanced in the event that it shall ultimately be determined that you are not entitled to be indemnified by Nomad as provided in paragraph 11.1 hereof. 

  
 18 

	11.3	Any indemnification or advance of expenses (including attorneys’ fees, costs and charges) under paragraphs 11.1 and 11.2 hereof shall be made promptly, and in any event thirty (30) days of your written request
(and, in the case of advance of expenses, receipt of your written undertaking to repay such amount if it shall ultimately be determined that you are not entitled to be indemnified therefor pursuant to the terms hereof). Your costs and expenses
incurred in connection with successfully establishing your right to indemnification, in whole or in part, shall also be indemnified by Nomad. 

  

	11.4	Nomad undertakes to purchase and maintain D&O insurance for the benefit of the Directors as permitted by Article 33.5 of the Articles and Section 133 of the BVI Companies Act. The terms of such insurance policy
or policies shall, without limitation, be on terms no less advantageous than the terms provided to other members of the board of directors of Nomad from time to time, and shall in any event include full cover, on terms no less advantageous than are
provided to the current and former directors from time to time, for a period of at least six years after the date on which you cease to be a director of Nomad, irrespective of the reason for or means of such termination. 

 

	11.5	The indemnification and advancement of expenses provided hereby shall not be deemed exclusive of any other rights to which you may be entitled under any law, bylaw, agreement, vote of shareholders or directors or
otherwise. 

  
 19EX-10.4

 Exhibit 10.4 
  

 
 (As required by the Employment Rights Act 1996) 

 

					
	 A.
	  	Employer:	  	Iglo Foods Group Limited (the ‘Company’)
			
	 B.
	  	Name of employee:	  	Paul Kenyon
			
	 C.
	  	Position held:	  	Chief Finance Officer
			
	 D.
	  	Working hours:	  	Your notional hours of work will be 0845 to 1700 with an unpaid break of 45 minutes for lunch, Monday to Friday inclusive, at a time which is suitable to the requirements of the business.
			
	 E.
	  	Date employment begins:	  	Your employment in this role begins on 6th June 2012
			
		  		  	Your employment with the Company which will count as a continuous period of employment begins on 6th June 2012. 
			
	 F.
	  	Date continuous employment begins:        	  	No previous employment with any other person, firm or company will count as part of your continuous employment with the Company.
			
	 G.
	  	Annual rate of salary:	  	Your salary will be £415,000 per annum.
			
	 H.
	  	Normal place of work:	  	UK Head Office - Bedfont Lakes, Middlesex

  

							
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	1.	REMUNERATION 

 Basic salary 

Your basic salary will be paid subject to statutory deductions, pro rata, on a monthly basis in arrears by way of direct transfer to your bank
account. It will normally be paid on or as near as circumstances permit to the 21st day in each calendar month. 
 Group Performance Bonus
Plan 
 The company operates a discretionary performance related bonus scheme. The details of which will be notified to employees
annually. 
 Review 

Your salary will be considered for review in April 2013 and thereafter on an annual basis and you may or may not be awarded an increase,
subject to your performance and the performance of the Company. The Company may, from time to time, change the date of the review. 

Deductions 
 The Company
reserves the right to deduct from your salary, either during your employment or at the end, any sum required or permitted by law, including but not limited to any overpayment made to you by the Company or any associated company, pay in respect of
holidays taken in excess of accrued entitlement, or outstanding loans or advances. You will receive written notification of any deduction in advance. 

Expenses 
 While staying in
the Bedfont area mid week the Company will reimburse your reasonable hotel accommodate expenses for a maximum of 4 nights per week although it is anticipated that on most weeks this would be a maximum of 3 nights a weeks since it is your intention
to work from home on Fridays when it is practical to do so. It is expected that any hotel would be from our preferred supplier list and comply with the Travel and Expenses Policy. 

In accordance with the Iglo Travel and Expenses policy we will reimburse you for your substance costs when staying overnight including, dinner
and breakfast. 
 We recognise that the level of time you spend working in Bedfont will not satisfy the HMRC criteria of being a home worker
based in Bristol and that the level of support highlighted above would constitute a taxable benefit. Iglo Group will bear the tax via the PSA process which is managed by our Finance dept thus removing any personal tax liability you may have. 

 

	1.1	CASH CAR ALLOWANCE 

 You will receive a car allowance at the rate of
£1,100.00 per month, subject to the agreement of the Company and in accordance with the Company’s car policy as amended from time to time. 

Full details of the Company car policy, procedure and rules are available from the HR Centre. 

 

							
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 If you are disqualified from driving by a Court or as a result of disability you must immediately inform
your manager in writing. If you are disqualified, for whatever reason, you may no longer be able to carry out your duties. The Company will consider the possibility of alternative work. However, if this is not reasonably practicable, the Company
reserves the right to terminate your employment. 
 You will also have to comply with the Company’s Road Safety Management Programme,
details of which are available from the HR Centre. 
  

	2.	HOURS OF WORK 

 You acknowledge that you have unmeasured working time for the purposes of
Regulation 20 of the Working Time Regulations 1998. 
 From time to time you may be required to attend events outside of your notional
working hours (e.g. training courses). No additional payments will be made in respect of this. 
  

	3.	DUTIES & VARIATION OF WORK 

 During your notional working hours and during any
additional hours you may be required to work, you will devote the whole of your time and attention and abilities to the service of the Company and as reasonably directed any of its associated companies. 

The Company reserves the right to reasonably vary your duties and the content of your job, from time to time, in the interests of the efficient
running of the business of the Company or to require you to undertake any duties which are reasonably appropriate to your position, abilities and experience. 

Training & development 

You will be required to undergo any training or development that is required by the Company and is necessary for you to fulfil your role. 

 

	4.	LOCATION 

 Your normal place of work is given in paragraph H but in order to fulfil your
duties you may, from time to time, be required to travel to other offices. 
 If required, and with appropriate notice and consultation, you
may be required to relocate to another location on a temporary or permanent basis. 
  

	5.	HOLIDAYS 

 Holiday year 

The Company’s holiday year is 1 January to 31 December. 
  

							
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 Holiday entitlement 

You will be entitled to 25 days holiday per year plus all public holidays applicable in your normal place of work. Time off for religious
festivals which do not fall on public holidays should be taken from your holiday entitlement. 
 Accrual 

Holiday entitlement will accrue at the rate of 2 days (3 in December) per each complete calendar month of employment in a holiday year. 

Entitlement on termination 

If your employment is terminated and the holiday you have taken exceeds your accrued entitlement, you will pay the Company for the number of
days or part days difference. The Company reserves the right to deduct any money due in respect of excess holidays from any final salary or other payment due to you. 

If your employment is terminated and you have taken less than your holiday entitlement, the Company may: 

(a) pay you for the number of days or part days difference; and/or 

(b) require you to take any holiday entitlement to which you may be entitled during any period that you are placed on garden leave and the
rights and obligations in Regulations 15(3) and 15(4) of the Working Time Regulations 1998 are varied accordingly. 
 Regulations for
taking holidays 
  

	 	i.	All holidays must be agreed in advance by your manager. Authorisation for the timing or length of these holidays may be refused if the timing is not convenient to the Company. 

 

	 	ii.	Up to 5 days holiday a year may be nominated as holiday by the Company, for example, for office closures between Christmas and New Year. 

 

	 	iii.	It is in your own interests to plan and take your holidays each year. You will not be able to carry forward holiday from one holiday year to the next without the express consent of your manager; even with this
permission this is limited to 5 days. Except upon termination of your employment, no payment will be made for holidays which have been accrued but not taken. 

  

	6.	SICKNESS & INDUSTRIAL INJURY BENEFIT SCHEME (SIIBS) 

 Details for reporting
absence from work as a result of sickness or injury will be given to you by your manager. 
 You are eligible (subject to your length of
service) to receive benefit under the Company’s Sickness & Industrial Injury Benefit Scheme (SIIBS). This scheme is not contractual and does not form part of your terms and conditions of employment; it is a benefit extended by the
Company which may be withdrawn at any time. 
  

							
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 Payment in respect of sickness absence is therefore at the Company’s discretion. Any benefits payable
under the scheme include any benefits due under Statutory Sick Pay. Details of the scheme will be explained in your induction. 
 Injury
caused by a third party 
 If your absence from work is due to any injury caused by somebody else and you subsequently receive damages or
a settlement of any claim in respect of the injury, you will repay to the Company the amount of sickness benefit which has been paid to you. The amount of repayment will not exceed the amount you have received in settlement less any costs borne by
you in connection with the claim. 
 Medical examination 

The Company will be entitled, at its expense, to require you to be examined by a medical practitioner of the Company’s choice at any time
and you agree that the doctor carrying out the examination may disclose to and discuss with the Company the results of the examination. 
  

	7.	PENSION 

 You are eligible to become a member of the Birds Eye Limited Group Pension Plan
and details will be issued under separate cover. You will be automatically entered into the scheme unless you opt out by signing theopt out declaration on the enclosed form. Entry date will be the
1st of the month following your start date. 
 Under this arrangement a number of
investment options are available for you to choose from. Upon commencement, you will be entered into the default Birds Eye Limited Group Pension Plan - ‘Lifestyle Option 10’, however, you may switch into alternative investments at any
time. 
 Iglo Foods Group Limited will contribute 10% of your pensionable pay into the plan on your behalf. You will be required to sacrifice
a proportion of your salary equivalent to 4.5% of your pensionable pay, less the Lower Earning Limit, the Company will make this contribution directly into your plan. 

The scheme also provides for additional personal contributions should you so wish. Any additional contributions will be deducted from you net
earnings. 
 For your information the pension provider is Prudential. 

 

	8.	TERMINATION OF EMPLOYMENT 

 Your employment may be terminated by either you, or by the
Company, by giving six months written notice. 
 Summary Termination 

The Company may terminate your employment without notice, and without payment in lieu of notice if: 

 

							
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 (a) you are guilty of gross misconduct or serious negligence; 

(b) you are guilty of conduct which brings of is likely to bring you, the Company or any associated company into disrepute; 

(c ) you are adjudged bankrupt; 

(d) you are prohibited by the law or articles of association of the Company or any regulatory body from being a director; 

(e) you voluntarily resign as a director. 

Suspension 
 In order to
investigate any complaint of misconduct or negligence, the Company is entitled to suspend you on full pay for as long as is necessary to complete a proper investigation and hold a disciplinary hearing. Suspension is not to be regarded as
disciplinary action and will be for as short a period as possible. 
 Pay in lieu of notice 

In the event of either you or the Company serving notice, the Company may, if it chooses, provide you with a payment in lieu of notice for the
unexpired portion of the notice period. For the avoidance of doubt payment in lieu of notice will be limited to any basic salary, car allowance, Outer London or shift (if these allowances are applicable) payable during the unexpired portion of the
notice period. Entitlement to bonus and any other variable pay will be dealt with in accordance with the rules of the relevant scheme and will not extend beyond the date of termination of your employment. Membership of the Iglo Foods Group Limited
Pension Fund will cease at the date of termination, however your pension investments with the Prudential will remain with you. 
 Work
during notice period 
 During your notice period the Company may ask you only to perform specific duties or no duties at all and may ask
you not to attend work during all or any part of your notice period (i.e. put you on “garden leave”). In addition, the Company may instruct you not to communicate with suppliers, clients, investors, employees, agents, trustees or
representatives of the Company or any associated companies. All other obligations and payment of salary and benefits will be unaffected and you will continue to be bound by all other express and implied terms in your contract of employment. 

 

	9.	POST TERMINATION COVENANTS 

 You agree that you will not directly or indirectly, either
alone or jointly with or on behalf of any person, firm or company and whether on your own account or otherwise: 
  

	 	-	for a period of six months following the termination of your employment with the Company (less any period spent on garden leave under clause 7), work for or be engaged by, or otherwise provide services the same or
similar to those you provided to the Company in the 12 months prior to the termination of your employment, to any material competitors, suppliers, customers or partners of the Company or any associated company or any company or organisation whose
business is wholly or partly similar to or in competition with the Company or any associated company in the Restricted Area, without the prior written consent of the Company which may be given or refused at the Company’s sole discretion.

  

							
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	 	-	for a period of six months following the termination of your employment with the Company (less any period spent on garden leave under clause 7), in competition with the Company in relation to services the same as or
similar to the services you provided to the Company in the 12 months prior to the termination of your employment, deal with or solicit the custom of or endeavour to entice away from the Company or any associated company any person who was a client,
customer or supplier, or who was a potential client, customer or supplier, of the Company in the 12 months prior to the termination of your employment and with whom you were concerned or had personal contact in such 12 month period.

  

	 	-	for a period of six months following the termination of your employment with the Company (less any period spent on garden leave under clause 7), solicit or entice any Senior Employee of the Company or any associated
company away from the Company or any associated company. 

  

	 	-	at any time after termination of your employment represent yourself as being in any way connected with or interested in the business of the Company or any associated company. 

You agree that the time limitation and the restrictions as described in this section are fair and reasonable and will not unreasonably
interfere with your ability to make a living. 
 Each of the obligations contained in the covenants as set out above is an entirely separate
and independent restriction on you, despite the fact that it may be contained in the same phrase or sub-clause, and if any part is found to be unenforceable the remainder will remain valid and enforceable. The restrictions are considered by you and
the Company to be reasonable, but in the event that any such restriction is held to be void or ineffective but would be valid and effective if some part thereof were deleted, such restriction shall apply with such modification as may be necessary to
make it valid and effective. 
 For the purposes of this clause the following definitions apply:- 

“Restricted Area” means the United Kingdom, Italy and Germany. 

“Senior Employee” means any person who at the date of termination of your employment is employed or engaged directly or indirectly
by the Company or any associated company as an employee, director, consultant or agent and with whom you had material contact during the course of his employment and (a) is employed or engaged in a managerial, finance, research or design or
marketing capacity and/or (b) is in the possession of confidential information belonging to the Company or any associated company and/or (c) is directly managed by or reports to you. 

 

							
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	10.1	CONFIDENTIALITY, INTELLECTUAL PROPERTY AND DATA PROTECTION 

  

	 	a)	On request and in any event on termination of the your employment for any reason you will immediately return to the Company all property belonging to the Company in your possession or under his/her control including,
but not limited to, any car, credit or charge cards, his/her security pass, all keys, computer hard and software including discs and all documents in whatever form (including notes, papers and minutes of meetings, records, customer lists, computer
printouts, plans, projections) together with all copies, extracts or summaries. The ownership of all such property and documents will at all times remain vested in the Company as appropriate. 

 

	 	b)	You shall not remove from Company’s premises or copy or make any abstract, summary or précis of the whole or part of any document belonging to the Company except in the proper performance of his/her duties.

  

	10.2	a) You shall not either during the period of employment with the Company, except in the proper course of your duties, or thereafter disclose or divulge to any person, firm, company or organisation any information
of a secret or confidential character developed or acquired by you during your employment with the Company relating to the trade or business of the Company or any associated company including, but not limited to: 

 

	 	i.	Recipes and product specification; 

  

	 	ii.	the methods of treatment, processing, manufacture, production or distribution, process and production controls including quality controls; 

 

	 	iii.	research and development; 

  

	 	iv.	market research findings and marketing strategies; 

  

	 	v.	the development of new products; 

  

	 	vi.	business plans and strategies; 

  

	 	vii.	identity of suppliers and their terms of business; 

  

	 	viii.	identity of customers and details of their requirements and prices charged. 

  

	 	b)	You shall not either during the period of employment with the Company, except in the proper course of your duties, or thereafter use any information of a secret or confidential character developed or acquired by you
during your employment with the Company relating to any of the matters set out in Sub-Clause (a) hereof. 

  

	 	c)	The restrictions in Sub-Clause (a) and (b) hereof will not apply to any information which has become available to the public generally, otherwise than through unauthorised disclosure. 

 

	 	d)	You acknowledge that any disclosure or misuse of confidential information is likely to cause irreparable and substantial harm to the Company and damages will not be a sufficient remedy. Therefore in addition to all
other remedies to which the Company may be entitled as a matter of law, the Company shall also be entitled to enforce these provisions by means of injunctions. 

  

							
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	10.3	a) You shall communicate forthwith to the Company full particulars of every invention, improvement and discovery made or discovered by you during the period of your employment with the Company and arising out of
or in consequence of such employment. 

  

	 	b)	The Patents Act 1977 shall determine to whom, as between you and the Company, an invention shall be taken to belong. 

  

	 	c)	You shall, at the request and cost of the Company, both while in the employment of the Company and thereafter, take all necessary steps (including executing documents) to procure the granting to the Company or any third
party nominated by the Company of a patent in the United Kingdom and similar protection abroad in respect of every such invention, improvement and discovery that belongs to the Company and upon such patent and/or similar protection being granted,
shall execute all documents required by the Company to deal with the said patent and/or similar protection in such manner as the Company may think fit. 

  

	 	d)	You will (both during and after the termination of your employment) at the Company’s expense anywhere in the world and at any time promptly do everything (including executing documents) that may be required by the
Company to defend or protect for the benefit of the Company or any associated company all inventions, improvements and discoveries and the right, title and interest of the Company in or to them. 

 

	 	e)	Should the Company so desire, an invention, improvement and discovery which belongs to the Company shall not be made the subject of a patent or similar protection but may be worked by the Company as a secret process.

  

	10.4	a) The entire copyright and all similar rights (including future copyright, the right to register trade marks or service marks and the right to register designs and design rights) throughout the world in works of
any description produced by you during the period of employment with the Company and arising out of or in consequence of such employment shall vest in and belong to the Company absolutely throughout the world for the full periods of protection
available in law, including all renewals and extensions. 

  

	 	b)	You will (both during and after the termination of your employment) at the Company’s request and expense anywhere in the world and at any time promptly do everything (including executing documents) that may be
required by the Company to assure, defend or protect the right, title and interest of the Company or any associated company in or to such works. 

  

	10.5	a) The Company intend to process and use personal data relating to you where it is necessary for compliance with any legal duty of the Company or appropriate in the course of your employment which includes but is
not limited to: 

  

	 	i.	maintaining and processing records on a confidential and anonymous basis so that it can fulfil its duties under the Equality Act 2010; 

 

							
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	 	ii.	information concerning whether you are a member of a trade union to the extent needed, if at all, so that the Company can ensure that appropriate union dues are deducted from your salary where requested;

  

	 	iii.	information concerning your physical and mental well being which has been obtained from the Employee or from a medical practitioner in accordance with the Access to Medical Records Act 1988; 

 

	 	iv.	administration of and information relating to your salary and other contractual benefits for payroll and pension purposes; 

  

	 	v.	information disclosed by you or discovered as appropriate concerning any criminal offences committed or alleged to have been committed; 

 

	 	vi.	communication with you and information obtained in the course of appraising and assessing you for the purposes of performance assessment, training, development and career advancement; 

 

	 	vii.	information provided to a prospective transferee setting out your basic salary, length of service, redundancy pay entitlement and other basic contractual terms in the event that such information is needed on the
transfer of an undertaking; 

  

	 	viii.	disclosure to and use by external bodies for any of the purposes described within this Clause 9.5. 

  

	 	b)	Your consent to the processing and use of your personal data as set out in this Clause 9.5. 

  

	10.6	You undertake to the Company that to the best of your knowledge you will not be in breach of any existing or any former terms of employment applicable to you by reason of you entering into this Agreement.

  

	11.	DISCIPLINARY, GRIEVANCE & OTHER POLICIES 

 The disciplinary and grievance
procedures do not form part of this contract and the Company reserves the right to amend them at any time. 
 Disciplinary procedure

 Details of this policy and procedure are available from your local HR department. If you are dissatisfied with any disciplinary decision
relating to you, you may appeal in writing in accordance with the disciplinary procedure to your HR manager. 
 Grievance procedure

 If you wish to pursue a grievance you must submit the grievance in writing in accordance with the procedure which is available from your
local HR department. 
  

							
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 Other policies and procedures 

You will comply with all Company and site rules, policies and procedures contained within policy documents, site manuals, rules and procedure
documents and conditions of employment published from time to time, which are applicable to you. Copies of these policies can be obtained from local HR department and include, without limitation, Iglo Foods Group Limited’s health, safety and
hygiene rules and equal opportunities and harassment policies. 
 For the avoidance of doubt such rules, policies and procedures can be
changed, replaced or withdrawn at any time at the discretion of the Company. Breach of any Company rules, policies or procedures may result in disciplinary action, up to and including dismissal. 

 

	12.	OUTSIDE EMPLOYMENT 

 During your employment with the Company you must not, except with
written prior permission of the Board of the Company, be employed or engaged in any capacity with any business other than the Company. 
  

	13.	CONFLICTS OF INTEREST 

 During your employment with the Company you must not, except with
the written prior permission of the Board of the Company, belong to or have any financial interest in any business or organisation which gives rise or may give rise to a conflict of interest. You must notify the Board of the Company as soon as
possible if you become aware that such a conflict exists or may exist. 
  

	14.	BREACHES 

 In the event of your failure to comply with these terms and conditions
(“breach of contract”), the Company will be entitled to recover compensation from you for any losses that the Company suffers as a result of such breach. 
  

	15.	ENTIRE AGREEMENT 

 These terms and conditions of employment supersede all prior
agreements, understandings and arrangements, both verbal and written between you and the Company and constitute the entire agreement between you and the Company in respect of the subjects described above. 

 

	16.	WARRANTY 

 You warrant that by entering into this contract and any other arrangements
made between you and the Company you will not be in breach of or subject to any express or implied term of any contract with any other person or any obligation to any third party, including notice period, the provisions of any restrictive covenants
or any confidentiality obligations arising out of any employment with any other employer or former employer. 
  

							
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	17.	RIGHT TO SEARCH 

 Any employee who steals or deals in an unauthorised manner with the
property of the company or any of its associated companies or their employees, or causes wilful damage to machinery or other property may be liable to disciplinary action which may lead to summary dismissal for gross misconduct and prosecution. 

Any employee shall on request submit to being searched (including belongings and storage lockers) by authorised persons of the company. At the
request of the person being searched, an independent witness may be requested. 
 The condition to submit to search if requested applies
equally to employees of all work levels within the Company. 
  

	18.	COMPANY PROPERTY  

 All Company property, documentary and electronic records containing
confidential information shall be surrendered to an officer of the Company on any termination of your employment or upon request at any time during the course of your employment. 

 

	19.	CHANGES TO THESE TERMS 

 The Company reserves the right at its sole discretion to make
changes to these terms and conditions of employment. You will be given at least one month’s notice of any change. 
 I hereby acknowledge that I
have read and understood the above and I accept these provisions as being the terms and conditions of my employment with the Company. 
  

									
	 Signed:
  
	  	

	  		  	 Date:
  
	  	20th November 2015
		  	Paul Kenyon        	  		  		  	

  

							
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