Document:

Appointment Letter - Marcus Agius

 Exhibit 4.43 
 

 
  

					
	 Lawrence Dickinson
	 		  	One Churchill Place
	 Company Secretary
	 		  	London
		 		  	EC14 5RP
	 31 August 2006
	 		  	
		 		  	Tel 020 7116 8099
	 Mr Marcus Agius
	 		  	Fax 020 7116 7665
		 		  	
		 		  	lawrence.dickinson@barclays.com
		 		  	

 Dear Mr Agius 
 I am
writing to you to set out the terms of your appointment as Non-Executive Director of Barclays PLC and Barclays Bank PLC (“Director”) and subsequently Chairman of Barclays PLC and Barclays Bank PLC (“Chairman”). Your appointment
as a Director will commence on 1 September 2006 and your appointment as Chairman will commence on 1 January 2007. Your appointments will be on the terms set out in this Letter. 
 1. Fees 
 As a Director you will receive a fee of £65,000 per annum, payable in arrears by equal
monthly instalments by direct credit into your nominated Barclays bank account (“Director Fees”). Your Director Fees will be subject to deduction of tax and national insurance contributions which Barclays is obliged to deduct. 

As Chairman you will receive a fee of £750,000 per annum, payable in arrears by equal monthly instalments by direct credit into your nominated Barclays
bank account (“Fees”). Your Fees will be subject to deduction of tax and national insurance contributions which Barclays is obliged to deduct. For the avoidance of doubt, the Fees are inclusive of any fees to which you will be entitled as
a Director (including the Director Fees) and in respect of any other service which you may provide to Barclays PLC and/or Barclays Group from time to time. 
 £20,000 of the Director Fees, after tax and national insurance, will be used to purchase Barclays PLC shares twice per year, in February and August. These shares will be held on your behalf until you leave the Board of Barclays PLC.
Enclosed with this Letter is an agreement setting out details in respect of this remuneration in Barclays PLC shares, which you are asked to sign and return. 
 Any reasonable out of pocket expenses that you incur in performing your duties as Chairman, and Director (travelling expenses in attending Board meetings etc) will be reimbursed in accordance with our standard expenses policy. The Board
(with the Non-Executive Directors abstaining) reviews the level of fees paid to the Chairman and Directors annually. 
 Barclays PLC. Registered in England.
Registered No: 48839. Registered Office: 1 Churchill Place, London E14 5HP 

 Subject to the rules of the relevant scheme from time to time in force, you will be provided with private medical
insurance to cover you and your spouse during your appointment. 
 2. Terms of Your Appointment 
 The Board, rather than the shareholders in general meeting, have appointed you to the Boards of Barclays PLC and Barclays Bank PLC. As a consequence, you are required to
seek re-election at the Barclays PLC Annual General Meeting on Thursday, 26 April 2007. As with all of the Directors, you will then normally be required to seek re-election at least every three years. 
 Your appointment as Director and Chairman may be terminated at any time in accordance with the Articles, the Companies Act 1985 or the provisions of this Letter.

 Your appointment as Chairman (which shall include, for the purposes of this paragraph, your appointment as Director) may be terminated by us on twelve
months’ notice. We also reserve the option, in our absolute discretion, to terminate your appointment with immediate effect and to pay you your Director Fees or Fees (as applicable) subject to deductions, in equal instalments at such time(s) as
you would have received such payment(s) of Director Fees or Fees (as applicable) had you been required to remain in your appointment for the whole or remainder of your notice period. The amount of such payment(s) shall be pro rated for the
applicable period of the notice period. You acknowledge and accept your obligation to mitigate your loss by seeking comparable new appointments and/or employment. If you mitigate your loss by commencing alternative appointments or employment or by
obtaining employment for your services during the period in which payments of Director Fees or Fees (as applicable) are due, we reserve the right to cease or reduce further payment of Director Fees or Fees (as applicable). 
 Your appointment as Chairman (including, for the avoidance of doubt, your appointment as a Director) would automatically terminate without any entitlement to notice or
payment if the Barclays PLC shareholders do not re-elect you whenever you stand for re-election and/or if you are removed from office by the shareholders. 
 The Board shall also reserve the right to reconsider your appointment as Chairman (including, for the purposes of this provision, your appointment as Director) and therefore to terminate your appointment forthwith should there be any
material change to your personal circumstances that the Board believes may affect your appointment as Chairman. A material change shall include, but not be limited to, the following: 
  

	•	Where you are appointed to any other company, corporate body or other entity (internal or external), which has not been agreed in advance with the Board. 

 

	•	Where you are guilty of any serious misconduct or any conduct calculated or tending to bring any member of the Barclays Group or you into disrepute. 

  

	•	Where you are guilty of any material breach or material non-observance of any of the provisions of this Letter or guilty of any serious negligence in carrying out your duties under
this Letter 

  

	•	Where you are unable to perform your role due to illness or disability for a period of no fewer than 36 working days in any period of 12 months (provided that the Board will not
exercise its rights to terminate your appointment forthwith in this circumstance without first notifying you and considering any representations you may have). 

  

 - 2 - 

 Where such a material change occurs, you must inform the Board, via me as Company Secretary, as soon as possible.

 Should you wish to resign your appointment, you are required to give us not less than six months’ notice. 
 3. Role 
 Attached to this Letter is a role profile for
Non-Executive Director and Chairman, which has been agreed by the Board. The Board may change these role profiles from time to time and the role profile(s) as amended shall, once notified to you, be deemed to form part of this Letter in place of the
document attached. 
 During your appointment you shall diligently perform such duties and functions as are consistent with your position as Chairman and the
role profile. 
 Arrangements for review of your performance as Chairman will be agreed by the Board from time-to-time, as appropriate. 
 4. Time Commitment 
 As Chairman, you shall be required to devote no fewer than 3 days per week (calculated on the basis of an average over the course of the financial year) in performing your duties. In any holiday year (being the period
from 1st March to the end of February) you are entitled to 30 days holiday. 
 5. Directors Share Qualification 
 Under our Articles of
Association, you will be required to hold £500 in nominal value (2,000 ordinary shares of 25p each) of Barclays shares within two months of your appointment as Director. If you would like any assistance in buying these shares please speak to
me. 
 If you already hold Barclays shares, please let me know as soon as possible so that we can update the statutory register of Directors’ interests
and make the necessary announcement under the UKLA’s Listing Rules. 
 6. Induction and support 
 The services of the Company Secretary and the Barclays Corporate Secretariat are available to assist you with both day-to-day and specific matters in your role as
Chairman and Director. Also, should you feel that there maybe implications for you personally in carrying out the duties of your role as Chairman and Director, you may seek independent advice on any matter, at the Group’s expense. 

You will have a private office during your appointment as Chairman (or from such earlier date as we may agree). 
 You will also have access to a car and driver from the Executive Directors’ pool or you may appoint your own driver and we will reimburse any reasonable expenses in
respect of the appointment of such driver. 
  

 - 3 - 

 You will receive dedicated support equivalent to that available to Executive Directors in respect of your information
technology and communications requirements from the date of your appointment as Director. 
 7. Indemnity 
 For the avoidance of doubt, the Boards have confirmed that as Director you have the benefit of and are able to rely upon the indemnity contained in Article 160 of the
Barclays PLC Articles of Association and the identical wording in Article 157 of the Barclays Bank PLC Articles of Association, the terms of which are hereby expressly incorporated into this letter of appointment. Copies of the relevant Articles are
attached for your ease of reference. 
 In outline, the effect of the Articles (as restricted by relevant statutory provisions) is to provide an indemnity in
respect of certain liabilities incurred by you in the execution of your duties, provided that the liability does not arise by virtue of your negligence, default, breach of duty or breach of trust in relation to the Bank. The indemnity is of course
in addition to any other protection available to you by virtue of provisions of statute, common law or indeed any specific contract. 
 You will have the
benefit of such directors’ and officers’ liability insurance as may be purchased by Barclays PLC from time to time, subject at all times to its terms and conditions. 
 8. Confidentiality 
 You will appreciate that the business of Barclays PLC and the Barclays Group is a
specialised and competitive business and that during the course of your appointment you will have access to and have an intimate knowledge of the trade secrets and confidential information of Barclays PLC and the Barclays Group. You further
acknowledge that the disclosure of any trade secrets or confidential information to actual or potential competitors of Barclays PLC and/or any Barclays Group Company would place Barclays PLC and/or the Barclays Group at a serious competitive
disadvantage and would do serious damage, financial and/or otherwise, to its or their business and business development and would cause immeasurable harm. 
 You must neither during the term of your appointment (except in the proper performance of the duties of your office or with the express written consent of the Board) nor at any time (without limit) after the termination of your appointment
except in compliance with an order of a competent court: 
  

	•	divulge or communicate to any person, company, business entity or other organisation; 

  

	•	use for your own purposes or for any purposes other than those of Barclays PLC or the Barclays Group; or 

  

	•	through any failure to exercise due care and diligence, permit or cause any unauthorised disclosure of 

 any Confidential Information. These restrictions shall cease to apply to any information which shall become available to the public generally otherwise than through any breach by you of the provisions of this Letter
or other default of yours. 
 Your attention is also drawn to the requirements under both legislation and regulation as to the disclosure of price sensitive
information. You should at all times comply with the Barclays Group Share Dealing Code or with any more stringent dealing rules that we notify to you are applicable. 
  

 - 4 - 

 9. Definitions 
 Barclays Group means Barclays PLC and the Barclays Group Companies 
 Barclays Group Company means any company which is for the time being a
subsidiary or holding company of Barclays PLC and any subsidiary of any such holding company and for the purposes of this letter the terms subsidiary and holding company shall have the meanings ascribed to them by sections 736 and 736A Companies Act
1985 (and Barclays Group Companies shall be interpreted accordingly) 
 Confidential Information includes but is not limited to: 
  

	•	corporate and marketing strategy, business development plans, sales reports and research results; 

  

	•	business methods and processes, technical information and know-how relating to the Barclays Group’s business and which is not available to the public generally, including
inventions, designs, programmes, techniques, database systems, formulae and ideas; 

  

	•	business contacts, lists or details of customers and suppliers and details of contacts with them, their business or affairs; 

  

	•	information on employees and the terms and conditions of their employment, details of employee benefits, incentive schemes/plans, salary scales, trade union/employee disputes
current or anticipated; 

  

	•	information or details of any actual, potential or threatened litigation, legal action, claim, dispute or arbitration against or with any member of the Barclays Group or any
director, officer or employee of the Barclays Group in such capacity and any information in respect of provisions for any such action; 

  

	•	budgets, management accounts, trading statements and other financial reports; 

  

	•	unpublished price sensitive information relating to shares or securities listed or dealt in on any recognised stock exchange; and 

  

	•	any other information which any member of the Barclays Group or any its employees or consultants has identified (orally, in writing or by its (or their) actions) as being secret or
confidential in nature. 

 I should be grateful if you would confirm receipt of this letter, and your acceptance of the conditional
appointments as set out, by signing and returning the enclosed copy. I am available at any time to provide any information you may need. 
  

	
	Yours sincerely
	
	 /s/ Lawrence Dickinson

	Lawrence Dickinson
	Company Secretary

  

 - 5 - 

 I agree to the terms and conditions of my appointment as set out in this letter. 
  
  

			
	Signed:	 	 /s/ Marcus Agius

		 	Marcus Agius
	Date:	 	31st August 2006.

  

 - 6 - 

 Schedule 
 ROLE PROFILE - DIRECTORS 
 INTRODUCTION 
 The Board is responsible to shareholders for creating and delivering sustainable shareholder value through the management of the Group’s businesses. It should therefore determine the objectives and policies of
the Group to deliver such long-term value, providing overall strategic direction within a framework of rewards, incentives and controls. The Board must ensure that management strikes an appropriate balance between promoting long-term growth and
delivering short-term objectives. 
 The Board is also responsible for ensuring that management maintain a system of internal control which provides
assurance of effective and efficient operations, internal financial controls and compliance with law and regulation. In carrying out this responsibility, the Board must have regard to what is appropriate for the Group’s business and reputation,
the materiality of the financial and other risks inherent in the business and the relative costs and benefits of implementing specific controls. 
 The Board
is also the decision-making body for all other matters of such importance as to be of significance to the Group as a whole because of their strategic, financial or reputational implications or consequences. 
 GENERAL TO ALL DIRECTORS 
  

	1.	Provide entrepreneurial leadership of the company, within a framework of prudent and effective controls which enable risk to be assessed and managed. 

  

	2.	Approve the company’s strategic aims, ensuring that the necessary financial and human resources are in place for the company to meet its objectives and review management
performance. 

  

	3.	Set the company’s values and standards and ensure that its obligations to its shareholders and others are understood and met. 

  

	4.	Under English Law the key duties of Directors include: 

  

	 	•	 	 At all times acting not only in good faith and honesty, but also in the company’s best interests and not for any ulterior purpose or to benefit themselves or
others at the company’s expense; 

  

	 	•	 	 Avoiding a conflict of interest between their personal interests and their duties to the company; 

  

	 	•	 	 Exercising reasonable skill and care in carrying out their duties commensurate with their knowledge and experience; 

  

	 	•	 	 Having regard to the interests of employees; and 

  

	 	•	 	 Ensuring that the company does everything that is required of it by law and regulation, eg, ensuring the preparation of accounts which give a true and fair view of
the state of affairs of the Group at the end of each financial year. 

 SPECIFIC TO NON-EXECUTIVE DIRECTORS

  

	1.	Constructively challenge and help develop proposals on strategy. 

  

	2.	Scrutinise the performance of management in meeting agreed goals and objectives and monitor the reporting of performance. 

  

	3.	Apply their judgement to the business of the Board, leveraging on their knowledge of the business. 

  

	4.	Satisfy themselves on the integrity of financial information and that financial controls and systems of risk management are robust and defensible. 

  

	5.	Determine appropriate levels of remuneration for Executive Directors, and have a prime role in appointing and, where necessary, removing Executive Directors and in succession
planning for these positions. 

  

	6.	Complement the skills and experience of the Executive Directors, in particular by bringing to bear a different range of knowledge, experience and insight from other industries.

  

	7.	Ensure that individual business decisions conform to agreed strategies and policies. 

  

 - 8 - 

 Non-Executive Director - Charter of Expectations 
 ROLE REQUIREMENTS 
  

	 	•	 	 Time Commitment - A Non-Executive Director will be expected to commit a minimum of 20 - 25 days per annum to the role. 

  

	 	•	 	 Meetings - Attends all Board and Board Committee meetings unless exceptional circumstances prevail. Is well prepared for all Board and Board Committee
meetings. 

  

	 	•	 	 Independence - Maintenance of own independence as measured by the independence criteria for non-executive Directors agreed by the Board in December 2004 and
by the Combined Code. 

  

	 	•	 	 Conflict of Interest - Takes all reasonable actions to avoid potential conflicts of interest and discloses any that may arise. 

 

	 	•	 	 Shareholding - 2,000 ordinary shares held within two months of appointment to meet Directors’ share qualification requirement. Directors must comply
with the Group Share Dealing Code. 

 KEY COMPETENCIES AND BEHAVIOURS

 “Committed to maximising long-term shareholder value” 
 High Performance Indicators 
  

	 	•	 	 Prepared to challenge established thinking on current strategy or practice for the longer-term benefit of the Group. 

  

	 	•	 	 Draws on real-life examples from experience in a way that illustrates possible directions. 

  

	 	•	 	 Is focused on ensuring that the Group performs to the highest levels of shareholder expectation. 

 “Helps shape corporate strategy” 
 High
Performance Indicators 
  

	 	•	 	 Effectively leads Barclays towards the achievement of its strategic objectives. 

  

	 	•	 	 Is well informed about the company and the external environment, bringing that knowledge to bear in the development of Group strategy. 

 

	 	•	 	 Raises relevant strategic issues (such as competition and marketplace issues), influencing the shaping of Group or cluster level strategy.

  

	 	•	 	 Effectively contributes to the evolution of the corporate strategy and assists in its implementation through advice and counsel. 

  

	 	•	 	 Utilises full breadth of skills and experience to add value to all strategic discussions. 

  

 - 9 - 

 “Demonstrates independence of judgement” 
 High Performance Indicators 
  

	 	•	 	 Willing to stand up for and defend own beliefs and values in the face of opposition. 

  

	 	•	 	 Able to challenge effectively outside own area of expertise. 

  

	 	•	 	 Demonstrates the courage to take a stand and challenge others’ assumptions, beliefs or viewpoints as necessary for the good of the organisation.

 “Questions intelligently, debates constructively, challenges rigorously and decides dispassionately” 
 High Performance Indicators 
  

	 	•	 	 Asks searching questions which are focused on the key value at risk issues for the Group. 

  

	 	•	 	 Willing to challenge openly and rigorously, without leading to unnecessary conflict. 

  

	 	•	 	 Takes difficult decisions dispassionately whilst also being aware of the political implications. 

  

	 	•	 	 Able to deal effectively with complexity and assimilates knowledge quickly. 

 “Has the trust and respect of other members of the Board” 
 High Performance Indicators

  

	 	•	 	 Immediately commands the respect of his/her Board colleagues. 

  

	 	•	 	 Comments and observations are valued by Executive Directors and management alike. 

  

	 	•	 	 Is seen as even-handed in all his/her dealings with the Board and management. 

  

	 	•	 	 Supports executives in their leadership of the business whilst monitoring their conduct and performance. 

 “Effective member of the Board team” 
 High Performance Indicators 
  

	 	•	 	 Demonstrates openness to being challenged on assumptions, beliefs, viewpoints and is willing to re-examine them in order to reach new conclusions.

  

	 	•	 	 Will participate in robust and rigorous debates and then work with peers to arrive at new solutions. 

  

	 	•	 	 Listens sensitively to the views of others, inside and outside the Board. 

  

	 	•	 	 Is willing to enhance their contribution through receipt of feedback. 

 “Uses network of contacts effectively” 
 High Performance Indicators 
  

	 	•	 	 Is always alert to how network of contacts may be utilised for the benefit of the Barclays Group. 

  

 - 10 - 

 ROLE PROFILE - CHAIRMAN 
 MAIN ACCOUNTABILITIES 
  

	•	Manage the business of the Board and set its agenda, taking full account of the issues and the concerns of Board members. Ensure that agendas strike the right balance between
performance and strategic issues. 

  

	•	Ensure that members of the Board receive accurate, timely and clear information in particular about the company’s performance, to enable the Board to take sound decisions,
monitor effectively and provide advice to promote the success of the company. 

  

	•	Keep under review, with the Board, the general progress and long-term development of the Barclays Group. 

  

	•	Ensure effective communication with shareholders and ensure that members of the Board develop and maintain an understanding of the views of major investors and other key
stakeholders. 

  

	•	Manage the Board to ensure that sufficient time is allowed for discussion of complex or contentious issues, where appropriate arranging for informal meetings beforehand to enable
thorough preparation for the Board discussion. 

  

	•	Promote the highest standards of corporate governance, seeking compliance with the provisions of the Combined Code wherever possible. 

  

	•	Ensure that the Board is able to discharge its duties and comply with the requirements of statutory/regulatory bodies that affect the functioning and responsibilities of the Board.

  

	•	Build an effective and complementary Board, initiating change and planning succession and Board appointments, working with the Board Corporate Governance and Nominations Committee.

  

	•	Ensure that a properly constructed induction programme is provided for new Directors. 

  

	•	Consider and address the development needs of individual Directors, and the Board as a whole, to maintain the necessary depth and breadth of knowledge and skills, and enhance the
effectiveness of the Board as a team. 

  

	•	Lead the Board in the ongoing monitoring, and annual evaluation, of the performance of the Group Chief Executive. 

  

	•	Establish a close relationship of trust with the Chief Executive, providing support and advice while respecting executive responsibility. 

  

	•	Establish good working relations and open lines of communication with other Group Executive Committee members. 

  

	•	Ensure that the performance of individual Board members, and of the Board as a whole, is evaluated at least once a year. 

  

	•	Ensure, subject to the views of the Board HR and Remuneration Committee, that members of the Board are appropriately rewarded. 

  

	•	Encourage active engagement by members of the Board. 

  

	•	Chair the Board Corporate Governance and Nominations Committee. 

  

 - 11 - 

 THE CHAIRMAN WILL ALSO 
  

	•	Uphold the highest standards of integrity and probity. 

  

	•	Promote effective relationships and open communication, both inside and outside the Boardroom, between Non-Executive Directors and the executive team. 

  

	•	Ensure clear structure for and the effective running of Board committees. 

  

 - 12 - 

 CHAIRMAN - CHARTER OF EXPECTATIONS 
 ROLE REQUIREMENTS 
  

	•	Time commitment - The Chairman is expected to commit to expend whatever time is necessary to fulfil his duties. It is expected this will be equivalent to approximately 60% of
a full time position. 

  

	•	Experience - Experience on the Board of a major international organisation. Good understanding of the role of a Chairman and able to operate effectively in such a role at the
highest level. 

  

	•	Knowledge - The Chairman must have a good understanding and experience of UK boardroom and corporate governance issues. 

 KEY COMPETENCIES AND BEHAVIOURS 
 In addition to the required competencies and behaviours of a Non-Executive Director, the Chairman must demonstrate the following: 
 Provision of effective leadership to the Board 
  

	 	•	 	 In conjunction with the Corporate Governance and Nominations Committee, ensures high quality Board composition with an appropriate balance of skills and experience.

  

	 	•	 	 Pro-actively manages annual calendar of business to ensure most appropriate use of Board’s time. 

  

	 	•	 	 Engages and supports individual members to enhance Board activities and discussions. 

  

	 	•	 	 Ensures that the Board operates effectively as a team. 

  

	 	•	 	 Ensures that membership of the Board is a stimulating and enjoyable experience for Board members. 

 Effective Chairmanship of meetings 
  

	 	•	 	 Empowers all Board members to challenge issues openly whilst preventing unnecessary or acrimonious conflict. 

  

	 	•	 	 Encourages and manages vigorous debate whilst achieving closure on issues. 

  

	 	•	 	 Ensures time is allocated appropriately, ensuring business of meeting is completed whilst allowing appropriate discussion of individual items.

 Be a respected Ambassador for the Group 
  

	 	•	 	 Be comfortable dealing with political and regulatory interests. 

  

	 	•	 	 Able to command respect of key opinion formers. 

  

	 	•	 	 Has the skills to Chair an Annual General Meeting and deal with challenging and diverse shareholder questions. 

  

 - 13 - 

 NON-EXECUTIVE DIRECTORS’ REMUNERATION IN BARCLAYS PLC SHARES 
 At the Board meeting in May 2002, the Board approved an increase in the remuneration of each of the Group’s non-executive directors so that £20,000 per
annum would be delivered to them in the form of Barclays PLC ordinary shares. The following sets out the terms which will apply to this part of your remuneration. 
  

	1.	Your fee as a non-executive director of Barclays PLC and Barclays Bank PLC is £65,000 per annum, exclusive of remuneration for extra services – e.g. committee
membership fees and attendance fees. 

  

	2.	£20,000 per annum of your fees (“additional fee”) will accrue on a daily basis and will be paid monthly in arrears into a separate bank account controlled by
Barclays Corporate Secretariat. 

  

	3.	Approximately every six months we will apply on your behalf the accumulated amount of additional fees, net of any applicable, to purchase, usually in the market, Barclays PLC
ordinary shares. Purchases will be made on the date of or as soon as practicable after the announcement of the Croup’s interim and annual results, subject to any prohibited dealing period as described in the Barclays Group Share Dealing Code.
Stamp duty, commission and any other charges on purchase will be deducted in determining the amount available for the purchase of shares. 

  

	4.	Any cash fraction remaining following the purchase of shares (i.e. being an amount which is insufficient to purchase one Barclays PLC ordinary share) will remain in the account and
be used to buy shares at the next opportunity. 

  

	5.	Barclays PLC ordinary shares purchased for you pursuant to this agreement will be registered in your name or, if so directed by you, in the name of your nominee. Share certificates
in respect of these shares will be issued to and retained by Barclays Corporate Secretariat whilst you remain a non-executive director of Barclays PLC. Thereafter they will be delivered to you. 

  

	6.	You will not sell or deal in any other way with your beneficial interest in the shares acquired pursuant to this agreement whilst you remain a non-executive director of Barclays
PLC, except with the prior written consent of the Chairman. You may transfer a beneficial interest in any of such shares to your spouse or child under 18 but you will in this event procure that your spouse and/or children do not themselves sell or
deal in any other way with their beneficial interest in such shares whilst you remain a non-executive director of Barclays PLC except with the prior written consent of the Chairman. It is envisaged that the Chairman will exercise his discretion to
consent to such a dealing only in exceptional circumstances. In this paragraph “deal” bears the same meaning as in the Barclays Group Share Dealing Code. 

  

	7.	You may elect to receive dividends on the shares held in the normal way, i.e. either cash or DRIP. 

  

	8.	The restrictions in paragraph 6 apply also to any shares derived from the shares acquired pursuant to this arrangement resulting from any share consolidation or sub-division or
bonus issue, though not to any such shares received pursuant to the DRIP. 

  

 - 14 - 

	9.	You may if you wish elect to allocate more of your non-executive director fees for the purchase of Barclays PLC ordinary shares. Any such allocation will be treated, for
administrative purposes, as if it formed part of your “additional fee” as defined in paragraph 2 above and will be paid and applied in accordance with paragraphs 2 or 4. The restrictions in paragraph 5 to 8 will not, however, apply to any
shares acquired as a result of such election. Please inform Barclays Corporate Secretariat if you wish to make such an election now or in the future. 

  

	10.	As you are a non-executive director of both Barclays PLC and Barclays Bank PLC, Barclays Bank PLC is entering into this arrangement with you both on its own account and on behalf of
Barclays PLC. 

 Please would you confirm your agreement to the above by signing and dating the enclosed copy of this agreement and returning
it to Barclays Corporate Secretariat. 
  

					
	Agreed:	  		  	
			
	Signed:	  	 /s/ Marcus Agius
	  	(MARCUS AGIUS)
			
	Date:	  	31 August 2006	  	

  

 - 15 -Contract of Employment - Christopher Lucas

 Exhibit 4.44 
 DATED 16th October 2006 
 BARCLAYS BANK PLC (1) 
 - and - 
 CHRISTOPHER GEORGE
LUCAS (2) 
  

 CONTRACT OF EMPLOYMENT 
  

 This Agreement is made the 16th day of October 2006 
 BETWEEN: 
  

	(1)	BARCLAYS BANK PLC (a company registered in England and Wales under no. 1026167) whose registered office is at 1 Churchill Place, London E14 5HP (“Barclays”)
and; 

  

	(2)	CHRISTOPHER GEORGE LUCAS 

 WHEREAS: 
 The parties agree that you shall be employed by Barclays as Group Finance Director on the terms and conditions set out in this Agreement. 
 IT IS HEREBY AGREED: 
  

	1.	DEFINITIONS 

  

	1.1	In this Agreement: 

 “Associated Company” means
any company which for the time being is: 
  

	 	(i)	    a holding company (as defined by Section 736 of the Companies Act 1985) of Barclays; 

  

	 	(ii)	    a subsidiary (as defined by Section 736 of the Companies Act 1985) of Barclays or of its holding company; 

  

	 	(iii)	    a company over which Barclays has control within the meaning of Section 840 of the Income and Corporation Taxes Act 

	 	  	    1988; or 

  

	 	(iv)	    a subsidiary undertaking of Barclays as defined by Section 258 of the Companies Act 1985; 

 “Barclays Group” means Barclays and any Associated Company and “member of the Barclays
Group” shall be construed accordingly; 
 “Board” means the Board of Directors for the time being of Barclays and any duly
appointed committee of the Board; 
 “Employment” means your employment under this Agreement. 
  

	1.2	References to any statute includes any modification or re-enactment of it. 

  

	1.3	References to Clauses and schedules are unless otherwise stated to Clauses of and schedules to this Agreement. 

  

	1.4	For the avoidance of doubt, in the event of a conflict between the terms of this Employment Contract and Schedule 1, Schedule 1 shall take precedence. 

  

	2.	PRE-EMPLOYMENT CONDITIONS 

  

	2.1	Your Employment is subject to and conditional upon approval by the FSA. Approval will be sought by or on behalf of Barclays. You will be notified when this condition has been
satisfied. 

  

	2.2	You hereby warrant that as at the Start Date (as hereinafter defined) you will not be precluded or restricted by virtue of any term of any agreement, undertaking or court order from
entering into this Contract or undertaking or properly performing any of the duties of your Employment with Barclays save for reasons outside your control. 

  

	3.	APPOINTMENT AND TERM 

  

	3.1	This Agreement shall take effect and the Employment shall commence on 1 April 2007 (the “Start Date”). 

  

	3.2	From the Start Date you shall be employed as Group Finance Director or in such other capacity of equivalent status as Barclays reasonably decides from time to time. You shall also
be appointed as a director of Barclays PLC and of Barclays, and be appointed as a member of Barclays Group Executive Committee (the “Executive Committee”) in each case with effect from the Start Date. Your duties as a director of Barclays
or any member of the Barclays Group are subject to the Articles of Association of the relevant company for the time being. 

  

	3.3	While your initial place of work will be London you will work at and/or travel to such places (inside and outside the United Kingdom) as Barclays may require from time to time
provided that Barclays will not require you to relocate without your prior consent, such consent not to be unreasonably withheld. If you are required to work outside the UK for a period in excess of one month you will be notified of the additional
terms which will apply. 

  

	3.4	Subject to Clause 15, your employment may be terminated on: 

  

	 	3.4.1	12 months’ written notice given at any time by Barclays to you; or 

  

	 	3.4.2	6 months’ written notice given at any time by you to Barclays. 

  

	4.	DUTIES 

  

	4.1	During your Employment, you shall: 

  

	 	4.1.1	diligently and competently perform such duties and exercise such powers and functions not inconsistent with the holding and status of the position of a Group Finance Director or
being appointed as a director of Barclays PLC and of Barclays and a member of the Executive Committee as may reasonably be assigned to or vested to you from time to time by the Board in relation to any member of the Barclays Group;

	 	4.1.2	faithfully and loyally serve Barclays to the best of your ability and use your best endeavours to promote the interests of the Barclays Group to the best of your ability and to this
end during working hours devote your time and attention, exclusively to your duties under this Agreement; 

  

	 	4.1.3	comply with all reasonable requests, instructions and regulations given by the Board or anyone authorised by it and promptly provide such explanations, information and assistance as
to your activities in the business of the Barclays Group as they may reasonably require; 

  

	 	4.1.4	neither engage in any activities which would detract from the proper performance of your duties under this Agreement, nor (without the prior written consent of the Board) in any
capacity including as director, shareholder, principal, consultant, agent, partner or employee engage or be concerned or interested directly or indirectly in any other trade, business or occupation whatsoever. This Clause shall not prevent you
holding shares for investment purposes only of securities which do not exceed five per cent (5%) in nominal value of the share capital or stock of any class of any company quoted on a recognised stock exchange. 

  

	4.2	Notwithstanding the provisions of Clause 4.1, Barclays shall: 

  

	 	4.2.1	be entitled at any time to appoint another person or persons to act jointly with you as a short term or interim measure, such appointment being subject to your consent, such consent
not to be unreasonably withheld; 

  

	 	4.2.2	have the right to require you at any time to carry out such special projects or duties commensurate with your abilities and status as Group Finance Director as Barclays shall in its
absolute discretion determine; and 

	 	4.2.3	have the right to suspend you at any time from the performance of any duties or exclude you from any premises of Barclays to allow it to undertake any investigation including, but
not limited to, any investigation under the disciplinary procedure or failure to obtain or hold any regulatory authorisations necessary to fulfil the position held by you provided any such suspension or exclusion shall not be for more than three
months. 

  

	4.3	If either party has given notice to terminate your employment, Barclays may, in its absolute discretion, at any time for a period not exceeding six months, require you to cease
performing your job and/or not to attend at your place of work for the whole or part of your notice period (“garden leave”), without affecting your obligations to attend and serve Barclays during any part of the notice period at such
location(s) as it may reasonably require in accordance with the terms of this Agreement and your entitlement to salary and contractual benefits and any right to participate in any incentive arrangements will continue, subject always to the rules of
any relevant scheme or policy relating to such benefits and/or incentive arrangements. For the avoidance of doubt, during any period of “garden leave” under this Clause, you shall remain bound by the terms and conditions of your employment
(except as expressly included in this Clause) and, in particular, by your obligations of confidentiality and good faith to Barclays. 

  

	4.4	During any period of suspension under Clause 4.2.3 or any period of “garden leave” under Clause 4.3, Barclays shall have the right to require you not to have any business
dealings with any director or employee of any member of the Barclays Group or any person, firm or company who at the date of such suspension or exclusion is a client or customer of any member of the Barclays Croup, and or carry out any of your
duties as a director, without the prior consent of the Chairman. 

	5.	DEALING RULES 

  

	5.1	You hereby agree to be bound by and comply with the Barclays Group Share Dealing Code or with any more stringent dealing rules applicable to you of which Barclays notifies you. You
must know and comply with all legal, regulatory and governance obligations, including the provisions of the Regulatory Compliance policies that are relevant to your direct responsibilities or business activities. As it is anticipated that you will
be an Approved Person you must comply with the FSA Statement of Principles and Code of Practice for Approved Persons. Failure to meet the Principles/Standards or comply with the Code of Practice may subject you to investigation or discipline by the
FSA and/or Barclays. 

  

	6.	REMUNERATION AND REIMBURSEMENT OF EXPENSES 

  

	6.1	Barclays shall pay you a basic salary at the rate of £600,000 per annum payable in arrears by equal monthly instalments on or by the last day of each month. Your basic
salary is inclusive of any fees to which you may be entitled as a director of any member of the Barclays Group. Your basic salary shall be reviewed annually without commitment to increase. The first such review shall take place on and with effect
from the earlier of (i) 1 April 2008; and (ii) the date on which the basic salaries of Board directors are reviewed for the performance year 2008. Your basic salary will be paid into the Barclays bank account of your choice.

  

	6.2	You will be eligible to receive a discretionary bonus award, in respect of each financial year subject to such rules of the bonus scheme as may be from time to time in force and the
following conditions: 

  

	 	6.2.1	the amount, structure and form of any bonus award will be determined by Barclays in its sole discretion (which for the avoidance of doubt includes the right to make a nil award);

	 	6.2.2	Currently, if you are considered for an award of £100,000 or more, your award will comprise two elements: 

  

	 	(i)	a payment in cash for up to 75% of the value of the award for which you are considered; and 

  

	 	(ii)	a recommendation to the trustee of the Executive Share Award Scheme (ESAS) that you be granted an award over Barclays PLC shares where the basic allocation represents up to 25% of
the value of the award, subject to and in accordance with the rules of the ESAS in force at the time. 

  

	 	6.2.3	any award will only be paid if you are in Barclays employment and not serving out a period of notice of termination with Barclays (whether given or received by you before the time
of its payment) which will be no later than 31 March following the end of the relevant performance year; and 

  

	 	6.2.4	any award will be paid less deductions of income tax and National Insurance Contributions, as appropriate. 

  

	6.3	Barclays shall reimburse you all travelling, hotel, entertainment and other expenses properly and reasonably incurred by you in the performance of your duties under this Agreement
and properly claimed and vouched for in accordance with Barclays current expense reporting procedure. 

  

	7.	LONG TERM INCENTIVES 

  

	7.1	You will be considered on an annual basis for participation in any long term incentive plans designed for executives subject to the rules of any plan in force from time to time. Any
award or recommendation by Barclays will be entirely at its discretion. Barclays reserves the right to withdraw, amend or replace any plan at any time provided that you shall be afforded the opportunity to participate in all long term incentive
plans made available to other executive directors of the Board. 

	8.	PENSIONS PROVISION AND LIFE ASSURANCE 

  

	8.1	There is a pension scheme in operation in relation to your employment called the afterwork section of the Barclays Bank UK Retirement Fund (the “Fund”),
afterwork is a cash balance hybrid arrangement which is contracted-in to the State Second Pension. Therefore, a contracting out certificate is not currently in force. 

  

	 	8.1.1	You will join afterwork automatically on commencement of your employment unless you opt out under Clause 8.2 below. Your membership of and participation in afterwork
shall be subject to the Trust Deed and Rules of the Fund in force from time to time. 

  

	 	8.1.2	On condition that you make a minimum contribution of 3% of your Basic Salary up to the Earnings Cap to your Investment Account of afterwork, Barclays will make an Additional
Payment. The Additional Payment will be equal in value to 25% of your Basic Salary less the value of the employer contribution in respect of you to afterwork under the Rules of the Fund. The Additional Payment will be made in the form of an
additional employer contribution to your Investment Account of afterwork or, subject to Barclays consent, as a cash sum which will be subject to deduction for income tax at your marginal rate and National Insurance Contributions.

  

	 	8.1.3	You acknowledge that joining afterwork may affect the validity of any Enhanced Protection which you have taken or intend to take and that Barclays will not be liable for any
tax charge which you may suffer as a consequence of this. 

  

	8.2	As an alternative to the benefits provided under Clause 8.1 above, you may opt out of joining afterwork and elect to take a cash option equal to 25% of your Basic Salary,
which will be taxed at your marginal rate and be subject to National Insurance Contributions. 

	8.3	In the event of your death whilst in the service of Barclays, a lump sum of 4 x Basic Salary is payable subject to the Trust Deed and Rules of the Fund in force from time to time.
You will be liable for tax on the Insurance Premium for: 

  

	 	8.3.1	the cover above your Lifetime Allowance, if you join afterwork under Clause 8.1; and 

  

	 	8.3.2	the full amount of the cover if you take the cash option under Clause 8.2. 

 If the lump sum payable causes your Lifetime Allowance to be exceeded, your estate will be liable for any applicable tax charge on the excess. 
 For the purposes of this clause 8: 
 “Basic Salary” shall mean your basic salary excluding any bonus or other
incentive award or benefit of employment at the date of your death. 
 “Earnings Cap” shall mean a cap on pensionable salary as determined each
year by Barclays and which is currently £108,600 for the 2006/07 tax year. 
 “Enhanced Protection” and “Lifetime Allowance” have
the meanings given to them under the Finance Act 2004. 
  

	9	OTHER BENEFITS 

  

	9.1	Subject to the rules of the relevant schemes from time to time in force, Barclays will at the date of this Agreement provide the following benefits to you. For the avoidance of
doubt, these benefits are provided at the discretion of Barclays and do not create enforceable contract terms under the Contracts (Rights of Third Parties) Act 1999 or otherwise. Barclays shall have the right to change these arrangements or withdraw
the provision of these benefits as it sees fit: 

	 	9.1.1	You will be eligible to participate in the Barclays car scheme, which provides the option of a car for personal and business use or a non-pensionable cash alternative (currently
£8,800), which will be payable subject to income tax and National Insurance Contributions, as appropriate. 

  

	 	9.1.2	Medical cover will be available through AXA/PPP or any substitute scheme operated by Barclays for its employees. Medical cover may be provided for your spouse and dependants at your
cost through a separate scheme. All cover will cease on you leaving employment whether on retirement, resignation or for any other reason without prejudice always to your entitlement to these benefits during your notice period pursuant to Clause
3.4. 

  

	 	9.1.3	You will be eligible to participate in Barclays III Health Income Plan or such similar plan which is operated by Barclays from time to time subject to the rules of such a scheme.

  

	 	9.1.4	If the Board decides in its discretion to operate and so long as you satisfy the eligibility criteria, you may participate in either or both of the Barclays Group SAYE Share Option
Scheme (“Sharesave”) and the Barclays PLC Share Incentive Plan (“Sharepurchase”) in accordance with the rules of the schemes. 

  

	9.2	Barclays agrees to comply with its obligations under Schedule 1 to this Agreement (subject to the terms of Schedule 1). 

	10.	HOLIDAYS 

  

	10.1	In addition to Bank and Public Holidays, you shall be entitled to 30 working days’ paid holiday during each holiday year, which runs from 1 March to the end of February
the following year. Your holiday dates must be agreed with the Group Chief Executive. Regulation 15(1-4) of the Working Time Regulations 1998 (dates on which leave is taken) do not apply. You may not carry forward any unused part of your holiday
entitlement to a subsequent holiday year without the written consent of the Group Chief Executive. 

  

	 10.2
	 If you join or leave during a holiday year, your holiday entitlement will be recalculated as 2.5 day’s holiday for
each completed month worked in the year. If when you leave Employment you have taken less holiday than your accrued entitlement, you will be paid salary in lieu of any outstanding holiday entitlement. If when you leave you have taken more holiday
than your accrued entitlement, you will have to repay to Barclays any salary received in excess of your proportionate holiday entitlement. One day’s holiday pay will be deemed to be 1/260th of your annual basic salary. 

  

	11.	INCAPACITY 

  

	11.1	If at any time you are prevented by illness or accident or other incapacity from properly performing the duties of your employment, you shall report this fact forthwith to the Group
Chief Executive (or such other person as may be notified to you from time to time). You shall be required to produce an appropriate doctor’s certificate in respect of any period of absence of more than seven consecutive days. You may be asked
to submit to a medical examination as directed by Barclays. 

  

	11.2	Subject to you complying with Clause 11.1, if as a result of illness or accident or other incapacity you are unable to perform your duties, you will be eligible to receive your
basic salary for a period of 26 weeks (whether consecutive or not) in any period of 12 consecutive months. Thereafter Barclays may by notice to you discontinue payment in whole or in part of your salary until such incapacity shall cease or terminate
this Agreement. Any payment will be subject to the deduction of any Statutory Sick Pay or social security or other benefits payable to you including any sums recoverable from a third party. Your qualifying days for Statutory Sick Pay purposes are
Monday to Friday. 

	12.	INTELLECTUAL PROPERTY 

  

	12.1	You will promptly disclose to Barclays and keep confidential all inventions, copyright works, designs or technical know-how conceived or made by you alone or with others in the
course of the Employment. You will hold all such intellectual property in trust for Barclays and will do everything necessary or desirable at Barclays expense to vest the intellectual property fully in Barclays and/or to secure patent or other
appropriate forms of protection for the intellectual property. Decisions as to the protection or exploitation of any intellectual property shall be in the absolute discretion of Barclays. 

  

	13.	CONFIDENTIAL INFORMATION 

  

	13.1	You shall not during the Employment (except as necessary for the proper performance of your duties) or at any time after its termination for any reason whatsoever disclose to any
person whatsoever or otherwise make use of any confidential or secret information which you have or may have acquired in the course of your employment concerning the business or affairs of any member of the Barclays Group or any of their suppliers
or customers. 

  

	13.2	Confidential information includes but is not limited to: 

  

	 	13.2.1	corporate and marketing strategy, business development plans, sales reports and research results; 

  

	 	13.2.2	business methods and processes, technical information and know-how relating to the Barclays Group’s business and which is not available to the public generally, including
inventions, designs, programmes, techniques, database systems, formulae and ideas; 

	 	13.2.3	business contacts, lists or details of customers and suppliers and details of contacts with them, their business or affairs; 

  

	 	13.2.4	information on employees and the terms and conditions of their employment, details of employee benefits, incentive schemes/plans, salary scales, trade union/employee disputes
(current or anticipated); 

  

	 	13.2.5	information or details of any actual, potential or threatened litigation, legal action, claim, dispute or arbitration against or with any member of the Barclays Group or any
director, officer or employee of the Barclays Group in such capacity and any information in respect of provisions for any such action; 

  

	 	13.2.6	budgets, management accounts, trading statements and other financial reports; and 

  

	 	13.2.7	unpublished price sensitive information relating to shares or securities listed or dealt in on any recognised stock exchange. 

  

	13.3	You shall at all times comply with any relevant Barclays policies on the security of information and shall use your best endeavours to prevent any unauthorised publication or
disclosure of any confidential or secret information. 

  

	13.4	The restrictions in this Clause 13 shall not apply in respect of information in the public domain (save as a result of default by you) or if such information is required to be
produced by a court of law, or by a governmental or regulatory body. 

	14.	RESTRICTIVE COVENANTS 

  

	14.1	You shall not without the prior written consent of the Board (such consent to be withheld only so far as may be reasonably necessary to protect the legitimate interests of the
Barclays Group) either on your own behalf or on behalf of any other person, firm or company 

  

	 	14.1.1	for a period of 6 months from the termination of your employment be engaged or interested (whether as a director, shareholder, principal, consultant, agent, partner or employee) in
any business within the United Kingdom and/or any other country in the European Union which is competitive or likely to be competitive with any business of the Barclays Group in the provision of banking or financial services with which you were
concerned to a material extent during the period of 12 months prior to the termination of the Employment and which is carried on by the Barclays Group as at the date the Employment terminates; 

  

	 	14.1.2	for a period of 12 months from the termination of the Employment (on your own account or on behalf of any person, firm or company) directly or indirectly canvass or solicit business
for products or services similar to those being offered by the Barclays Group from any person, firm or company who is or has been a customer of the Barclays Group in the 12 months prior to the termination of the Employment and with whom you had
material dealings in respect of banking facilities or other products or services provided by the Barclays Group during that period; 

  

	 	14.1.3	for a period of 12 months from the termination of the Employment directly or indirectly induce or attempt to induce or entice away any director, officer or senior employee to leave
the employment of the Barclays Group and with whom you had material dealings in the 12 months prior to the termination of the Employment. 

	14.2	Each of the restrictions contained in Clauses 14.1.1, 14.1.2 and 14.1.3 of this Clause are considered by the parties to be reasonable in all the circumstances as at the date of this
Agreement. However, the parties agree that if any one or more of such restrictions shall be judged to be void as going beyond what is reasonable in all the circumstances for the protection of the interests of the Barclays Group but if words were
deleted or the period was reduced or the range of activities or area covered was reduced in scope would be valid the restrictions shall be deemed to apply with such modifications as may be necessary to make them valid and effective. Any such
modification shall not affect the validity of any other restriction contained in this Agreement. 

  

	14.3	The period of restriction stated in Clauses 14.1.1, 14.1.2 and 14.1.3 shall be reduced by the length of time, if any, that you have been on “garden leave” pursuant to
Clause 4.3. 

  

	15.	TERMINATION ON THE HAPPENING OF CERTAIN EVENTS 

  

	15.1	Without prejudice to any remedy Barclays may have against you for breach or non-performance of any of the provisions of this Agreement, Barclays may (without thereby incurring any
obligation to pay compensation (including, but without limitation, any payment in lieu of notice) save in relation to payments accrued and owing at the date of termination) immediately terminate the Employment by notice in writing to you if you
shall: 

  

	 	15.1.1	become bankrupt (or equivalent in any other jurisdiction) or become the subject of an interim order under the Insolvency Act 1986 or make any arrangements or composition with your
creditors; or 

  

	 	15.1.2	be convicted of any criminal offence for which a custodial sentence may be imposed (other than minor road traffic offences and offences which, in the opinion of Barclays, does not
affect your position as an employee of Barclays, bearing in mind the nature of your duties and the capacity in which you are employed); or 

	 	15.1.3	commit any act of dishonesty whether relating to any member of the Barclays Group, other employees or otherwise; or 

  

	 	15.1.4	be guilty of any serious misconduct or any conduct calculated or tending to bring any member of the Barclays Group or yourself into disrepute or be guilty of any material breach or
non-observance of any of the provisions of this Agreement or be guilty of any serious negligence in carrying out your duties properly assigned to you under this Agreement; or 

  

	 	15.1.5	cease to hold or fail to obtain any regulatory approvals or consents which are required for the effective discharge by you of any duties assigned to you save where such cessation or
failure is as a result of a default by any member of the Barclays Group; or 

  

	 	15.1.6	if you become prohibited by law from being a director. 

  

	15.2	Barclays reserves the option in its absolute discretion to terminate your employment by giving you notice and (subject to Barclays right to place you on “garden leave” for
a period not exceeding 6 months under clause 4.3) in addition to any sums due under or in respect of Schedule 1, pay to you your basic salary and bonus (as defined in clause 15.3 below) subject to deductions for income tax and National Insurance
Contributions (as appropriate) in equal instalments at such time(s) as you would have received such payment(s) of basic salary had you been required to work for the whole or remainder of such notice period. The amount of such payment(s) (including
the amount in respect of bonus) shall be pro rated for the applicable period of the notice period. Benefits will be credited to you in the pension scheme referred to in Clause 8 as if you had remained in service for the applicable period of the
notice period. You acknowledge and accept your obligation to mitigate your loss by seeking comparable new employment. If you commence alternative employment or your services are employed during the period in which payments are due or pension scheme
benefits are to be credited, Barclays reserves the right to cease further payment or further crediting of pension scheme benefits. 

	15.3	For the purposes of Clause 15.2 “bonus” will be calculated as: 

  

	 	15.3.1	the average of the value of the annual bonuses which you have received in respect of the three completed financial years preceding termination of your employment under Clause 15.2
(subject to this average being capped at 100% of the basic salary prevailing at the time Barclays exercises the option described in clause 15.2) or, if greater, 50% of your current basic salary; 

  

	 	15.3.2	an annual bonus under Clause 6.2 pro rated for the period of the financial year until Barclays exercises its discretion to give notice under Clause 15.2, in which case, Clause 6.2.3
shall cease to apply. Payment of such annual bonus will be paid in a lump sum no later than 31 March following the end of the relevant financial year; and 

  

	 	15.3.3	furthermore, you may also be eligible for a further discretionary amount, at Barclays absolute discretion, in respect of substantive services and commensurate with your performance,
during your period of notice, provided that this amount, when added to the amount calculated in Clauses 15.3.1 and 15.3.2 above, does not exceed the maximum bonus opportunity available to executive directors from time to time, and, will at the date
of this Agreement, be 250% of your basic salary. 

  

	16.	RETURN OF BARCLAYS DOCUMENTS 

  

	16.1	Upon the termination of your employment for whatever reason, you shall deliver up to Barclays all vehicles, keys, credit cards, correspondence, documents, specifications, reports,
papers and records (including any computer material such as discs or tapes) and any other property of any kind relating to the business of or belonging to any member of the Barclays Group which may be in your possession or under your control. You
shall also deliver up all copies of such documents, which you have in your possession or under your control. 

	16.2	Following the termination of your employment for whatever reason, you shall not at any time represent yourself as still being connected with any member of the Barclays Group.

  

	17.	STAFF HANDBOOK 

  

	17.1	Your employment shall also be governed by the terms and conditions applicable to Barclays staff contained in the Barclays Staff Handbook ‘You & Barclays’ (as may
be amended from time to time) except where these are inconsistent with, or specifically dealt with by, the provisions of this Agreement, in which case the provisions of this Agreement shall apply. 

  

	18.	STATUTORY REQUIREMENTS 

  

	18.1	The following particulars are given in compliance with the requirements of Section 1 of the Employment Rights Act 1996. 

  

	 	18.1.1	You agree that the maximum weekly working time as set out in Regulation 4 of the Working Time Regulations 1998 shall not apply in relation to your employment. This condition shall
apply indefinitely subject to your right to withdraw your agreement to the exclusion of the maximum weekly working time on providing three months’ written notice. 

  

	 	18.1.2	Barclays has a disciplinary and grievance procedure, details of which are in the staff manual. Barclays’ disciplinary procedure is not incorporated by reference in this
Agreement and therefore does not form part of your contract of employment. If you have a grievance in relation to your employment or you are dissatisfied with a disciplinary decision against you may apply in writing to the Chairman whose decision
will be final. 

	 	18.1.3	While your initial place of work will be London, you will work at and/or travel to such places (inside and outside the United Kingdom) as Barclays may require from time to time. If
you are required to work outside the UK for a period in excess of one month, the additional terms which will apply will be notified to you. 

  

	 	18.1.4	There are no collective agreements with any trade unions which directly affect the terms and conditions of your employment. 

  

	19.	NOTICES 

  

	19.1	Any notice to be given under this Agreement shall be in writing. Notice to you shall be sufficiently given by being delivered personally to you or by being sent by first class post
addressed to you at the address stated in this Agreement or the last place of residence in the UK notified to Barclays by you. Notice to Barclays shall be sufficiently given by being delivered to the Group Secretary or by being sent by first class
post to the registered office of Barclays addressed for the attention of the Group Secretary. Any notice if posted shall be deemed served upon the third day following that on which it was posted. 

  

	20.	APPLICABLE LAW 

  

	20.1	English law shall apply to this Agreement and the parties submit to the jurisdiction of the English courts. 

  

	21.	MISCELLANEOUS 

  

	21.1	This Agreement, together with any documents referred to in it, sets out the whole agreement between the parties relating to and cancels all previous agreements, representations and
arrangements in connection with your employment by Barclays. 

	21.2	No omission to exercise or delay in exercising any right, power or remedy provided to Barclays by law or under this Agreement will be a waiver of it. 

  

	21.3	Termination of this Agreement shall not affect any provisions which are intended to operate after termination. 

  

	21.4	For the purposes of the Employment Rights Act 1996 or otherwise, you hereby consent to the deduction of any sums owing by you to Barclays at any time from your salary or any other
payment due from Barclays to you and You hereby also agrees to make a payment to Barclays of any sums owed by you to Barclays upon demand by Barclays at any time. 

  

	21.5	During your employment, you must comply with Barclays policies and procedures relating to the Data Protection Act 1998. This means that you consent to Barclays processing any data
relating to you where it is necessary or reasonably required for the conduct of Barclays business. This may include personal data as well as documentation relating to your absence from work through sickness or injury. Further details of the type of
data that is covered by this provision can be found in the Barclays Staff Handbook. 

 IN WITNESS the hands of the parties hereto 

 

					
	( SIGNED BY a duly	 		 	

	( authorised signatory for	 		 
	( and on behalf of Barclays	 		 
			
	 SIGNED BY
  
  
	 	 )
 )
 )
	 	

	 	 
	 	 

 Schedule 1 
  

	1.	This Schedule forms part of the Service Agreement between Barclays Bank PLC and Christopher George Lucas, and, unless otherwise specified, all terms in this Schedule shall have the
same meaning as the same terms in that Agreement 

  

	2.	Provided that at the date a payment or request is due to be made your Employment: 

  

	 	(i)	has not been terminated under Clause 15.1; nor 

  

	 	(ii)	have you ceased the Employment voluntarily or given Barclays notice of termination of the Employment, save in circumstances where you have been constructively dismissed as defined
by English law, 

 you shall be entitled to: 
  

	 	(a)	in respect of the 2007 performance year: 

  

	 	(i)	a cash bonus of £450,000 payable no later than 28 February 2008; and 

  

	 	(ii)	a request from Barclays (the “Request”) to the Barclays Group Share Schemes Committee (the “Committee”), no later than 31 March 2008, that the Committee
recommend to the Trustees of the Barclays Group (ESAS) Employees’ Benefit Trust (the “Trustees”) the grant of an award, pursuant and subject to the rules of the Barclays PLC Executive Share Award Scheme (“ESAS”), of ordinary
shares in Barclays PLC with an aggregate market value on the date of grant of £150,000, and notwithstanding the rules of ESAS, Barclays will recommend to the Committee that you should only forfeit your ESAS award in the circumstances described
at 2(i) and 2(ii) above; 

	 	(b)	a request by Barclays to the Committee, as soon as practicable after and in any event within 7 days of the Start Date, that the Committee recommend to the Trustees of the Barclays
Group (PSP) Employees’ Benefit Trust the grant of an initial allocation of performance shares, such award to be made within 7 days of the Start Date, pursuant and subject to the rules of the Barclays PLC Performance Share Plan, with a net fair
value equivalent of £600,000 as at the date of the award; and 

  

	 	(c)	in respect of your ‘buy out’: 

  

	 	(i)	a request by Barclays to the Committee, as soon as practicable after and in any event within 7 days of the Start Date, that the Committee recommend to the trustees of the Barclays
Group (ESAS) Employee Benefit Trust (“Trustees”) that: 

  

	 	(A)	an award be made to you over Barclays PLC shares (“Shares”) under the Joiners Share Award Plan (“JSAP”), such award to be made within 7 days of the Start Date,
with an equivalent value of £500,000; and that 

  

	 	(B)	the Shares subject to this award be released as follows: 

  

	 	(i)	50% in March 2008; and 

  

	 	(ii)	50% in March 2009. 

  

	 	(C)	that this JSAP award and recommended release dates are subject to the rules of the JSAP, provided that: 

  

	 	(i)	notwithstanding the rules of JSAP, Barclays will recommend to the Committee that you should only forfeit your JSAP award in the circumstances described at 2(i) and 2(ii) above; and,
that, for the avoidance of doubt, 

	 	(ii)	if any event occurs under Rule 9 of the JSAP rules (Takeover, reconstruction and winding up of Barclays) Barclays will recommend to the Committee that all unreleased Shares should
be released to you. 

 Any obligation upon the Barclays Group in clauses 2(a)(ii), 2(b), and 2(c)(i) of this Schedule to make any request shall
be subject to compliance with any dealing restrictions applicable to the Barclays Group at that time, provided that the request shall be made as soon as practicable after such dealing restrictions cease to apply. 
 Any award paid or made in satisfaction of this Schedule will be paid less deductions for income tax and social security. 
 Barclays confirms, for the avoidance of doubt, that if it terminates your Employment otherwise than in accordance with Clause 15.1, you shall remain entitled to the
benefit of the terms of this Schedule 1 notwithstanding the termination of your Employment. 
 ********************************

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