Document:

rm8kex10_2.htm

     

     

    Exhibit
10.2

     

     

     

     

    
      

       

      
        
          
            
              
                
                  
                    
                      	
                              DATED 3rd
      July
2009

                            

                    

                  

                

              

            

          

        

      

      

       

    

     

     

     

    VIRGIN
MEDIA LIMITED

     

     

     

    and

     

     

     

    NEIL
BERKETT

     

     

     

    
      	
               

              SERVICE
      AGREEMENT

               

            

    

     

     

    
 

     

    

     

     

     

    Virgin
Media Limited

    160 Great
Portland Street

    London  W1W
5QA

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

     

     

    CONTENTS

    

     

    
      
        
          
            	
                    Clause

                  	
                    Page

                  

          

        

      

       

      
        
          	
                  1

                	
                  DEFINITIONS
      AND INTERPRETATION

                	
                  1

                
	
                  2

                	
                  TERM
      OF EMPLOYMENT

                	
                  2

                
	
                  3

                	
                  DUTIES

                	
                  2

                
	
                  4

                	
                  HOURS
      OF WORK

                	
                  3

                
	
                  5

                	
                  GRATUITIES

                	
                  4

                
	
                  6

                	
                  CODES
      OF CONDUCT

                	
                  4

                
	
                  7

                	
                  REMUNERATION

                	
                  5

                
	
                  8

                	
                  PENSION
      SCHEME

                	
                  6

                
	
                  9

                	
                  OTHER
      BENEFITS

                	
                  6

                
	
                  10

                	
                  COMPANY
      CAR ALLOWANCE

                	
                  7

                
	
                  11

                	
                  EXPENSES

                	
                  8

                
	
                  12

                	
                  ANNUAL
      LEAVE

                	
                  8

                
	
                  13

                	
                  ILLNESS

                	
                  8

                
	
                  14

                	
                  RESTRICTIONS
      DURING EMPLOYMENT

                	
                  9

                
	
                  15

                	
                  INTELLECTUAL
      PROPERTY

                	
                  9

                
	
                  16

                	
                  CONFIDENTIALITY

                	
                  10

                
	
                  17

                	
                  DATA
      PROTECTION

                	
                  11

                
	
                  18

                	
                  DEDUCTIONS
      FROM SALARY

                	
                  11

                
	
                  19

                	
                  HEALTH
      AND SAFETY

                	
                  12

                
	
                  20

                	
                  ENTITLEMENT
      TO WORK IN THE UK

                	
                  12

                
	
                  21

                	
                  MONITORING

                	
                  12

                
	
                  22

                	
                  TERMINATION
      OF EMPLOYMENT

                	
                  12

                
	
                  23

                	
                  SUSPENSION
      AND GARDEN LEAVE

                	
                  14

                
	
                  24

                	
                  TERMINATION
      AND RETURN OF COMPANY PROPERTY

                	
                  15

                
	
                  25

                	
                  RECONSTRUCTION
      OR AMALGAMATION

                	
                  16

                
	
                  26

                	
                  RESTRICTIONS
      AFTER EMPLOYMENT

                	
                  16

                
	
                  27

                	
                  SEVERABILITY

                	
                  19

                
	
                  28

                	
                  THIRD
      PARTIES

                	
                  19

                
	
                  29

                	
                  NOTICES

                	
                  20

                
	
                  30

                	
                  STATUTORY
      INFORMATION

                	
                  20

                
	
                  31

                	
                  MISCELLANEOUS

                	
                  20

                
	
                  32

                	
                  CHANGES
      TO TERMS AND CONDITIONS

                	
                  21

                

           

          	
                  SCHEDULE
      1

                	 
      	
                  22

                
	
                  SCHEDULE
      2

                	 
      	
                  23

                
	
                  SCHEDULE
      3

                	 
      	
                  24

                
	
                  SCHEDULE
      4

                	 
      	
                  25

                

        

      

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

    

    

     

    THIS DEED is made on 3rd July
2009

     

    BETWEEN:

     

    
      	
              (1)

            	
              Virgin Media Limited
      whose registered
      office is at 160 Great Portland Street, London, W1W 5QA (the
      “Company”); and

            

    

     

    (2)           Neil Berkett  (the
“Executive”).

     

    RECITAL

     

    The
Company shall employ the Executive and the Executive shall serve the Parent as
Chief Executive Officer on the following terms and subject to the following
conditions (the “Agreement”):

     

    NOW
THIS DEED WITNESSES:

     

    
      
        	
                1

              	
                DEFINITIONS AND
      INTERPRETATION

              

      

    

     

    
      	
              1.1  

            	
              In
      this Agreement unless the context otherwise requires the following
      expressions shall have the following
meanings:

            

    

     

    “Board”

     

    the board
of directors from time to time of any Group Company as the case may be
(including any committee of the board duly appointed by it);

     

    “Change
in Control”

     

    as
defined in Schedule
4;

     

    “Compensation
Committee”

     

    the
Compensation Committee of the Parent;

     

    “Garden
Leave”

     

    any
period during which the Company has exercised its rights under clause 23.2;
and

     

    “Group”

     

    the
Company, its holding company (as defined in Section 736 of the Companies Act
1985) (including, without limitation, Virgin Media Inc.) and its group
undertakings (as defined in Sections 258 and 259 of the Companies Act 1985) from
time to time and “Group
Company” means any one of them.

     

    “Parent”

     

    Virgin
Media Inc., a Delaware corporation, and any successor thereto;

     

    “Previous
Agreement”

     

    the Deed
dated as of 7 May 2008 between Virgin Media Limited and the Executive, as
amended; and

     

    “Termination without Cause” as
defined in Schedule 4.

     

    
      	
              1.2  

            	
              Any
      reference to a statutory provision shall be deemed to include a reference
      to any statutory modification or re-enactment of
  it.

            

    

     

    
      	
              1.3  

            	
              The
      headings in this Agreement are for convenience only and shall not affect
      its construction or interpretation.

            

    

     

    
      	
              1.4  

            	
              References
      in this Agreement to a person include a body corporate and an incorporated
      association of persons and references to a company include any body
      corporate.

            

    

     

    
      	
              1.5  

            	
              Where
      appropriate, references to the Executive include his personal
      representatives.

            

    

     

    
      
        
          	
                  2

                	
                  TERM OF
      EMPLOYMENT

                

        

      

       

    

    
      	
              2.1  

            	
              The
      employment of the Executive  shall be deemed to have commenced
      on 26 September 2005 and (subject to termination as provided below) shall
      be for an indefinite period terminable by the Company giving the Executive
      30 days notice in writing and by the Executive giving the Company six
      months notice in writing. Effective as of the date hereof, the Previous
      Agreement is suspended and shall no longer be in
  force.

            

    

     

    
      	
              2.2  

            	
              Notwithstanding
      clause 2.1 above the employment of the Executive shall automatically
      terminate on the day when the Executive reaches age
  65.

            

    

     

    
      	
              2.3  

            	
              The
      Executive represents and warrants that he is not bound by or subject to
      any contract, court order, agreement, arrangement or undertaking which in
      any way restricts or prohibits him from entering into this Agreement or
      performing his duties under it and undertakes to indemnify the Company
      against any claims, costs, damages, liabilities or expenses which the
      Company may incur as a result of any claim that he is in breach of any
      such obligations.

            

    

     

    
      	
              2.4  

            	
              So
      long as the Executive is employed as Chief Executive Officer, he shall
      not, without consent of the Parent, resign his position as a member of the
      board of directors of the Parent.

            

    

     

    
      
        
          	
                  3

                	
                  DUTIES

                

        

      

       

    

    
      	
              3.1  

            	
              The
      Executive shall during his employment under this
  Agreement:

            

    

     

    
      	
              3.1.1  

            	
              perform
      the duties and exercise the powers which the Company may from time to time
      properly assign to him in his capacity as Chief Executive Officer or in
      connection with the conduct and management of the business of any Group
      Company (including serving on the board of such Group Company or on any
      other executive body or any committee of such a
  company);

            

    

     

    
      	
              3.1.2  

            	
              do
      all in his power to promote, develop and protect the business of the Group
      and at all times and in all respects conform to and comply with the proper
      and reasonable directions and regulations of the
  Group;

            

    

     

    
      	
              3.1.3  

            	
              devote
      the whole of his working time and attention to the duties assigned to
      him;

            

    

     

    
      	
              3.1.4  

            	
              faithfully
      and diligently serve the Group;

            

    

     

    
      	
              3.1.5  

            	
              act
      in the best interests of the Group;

            

    

     

    
      	
              3.1.6  

            	
              comply
      with his fiduciary duties;

            

    

     

    
      	
              3.1.7  

            	
              not
      enter into any arrangement on behalf of the Group which is outside its
      normal course of business or his normal duties or which contains unusual
      or onerous terms; and

            

    

     

    
      	
              3.1.8  

            	
              report
      the wrongdoing (including acts of misconduct, dishonesty, breaches of
      contract, fiduciary duty, company rules or the rules of the relevant
      regulatory bodies) whether committed, contemplated or discussed by any
      other director or member of staff of any Group Company of which the
      Executive was aware to the General Counsel or to the Chief People Officer
      if it involves the General Counsel immediately, irrespective of whether
      this may involve some degree of self
  incrimination.

            

    

     

    
      	
              3.2  

            	
              The
      Executive shall give to the Board of the Parent such information regarding
      the affairs of the Group as it shall require, and in any event, report
      regularly and keep the Board of the Parent
  informed.

            

    

     

    
      	
              3.3  

            	
              The
      Executive shall carry out his duties and exercise his powers jointly with
      any other executive(s) appointed by the Board of the Parent and / or the
      Company to act jointly with him and the Board of the Parent may at any
      time require the Executive to cease performing or exercising the said or
      any duties or powers. 

            

    

     

    
      	
              3.4  

            	
              The
      Executive’s normal place of work will be Bartley Wood Business Park,
      Bartley Way, Hook (and the London office as required). The Executive
      agrees that he may however work in any place within the United Kingdom,
      which the Company may reasonably require and he may be required to travel
      abroad when required by the Group for the proper performance of his
      duties.

            

    

     

    
      
        
          	
                  4

                	
                  HOURS OF
      WORK

                

        

      

    

     

    
      	
              4.1  

            	
              The
      Executive will comply with the Group's normal hours of work and will also
      work such additional hours as are reasonably necessary to perform his
      duties. He will not receive any further remuneration for any hours worked
      in addition to the normal working
hours.

            

    

     

    
      	
              4.2  

            	
              The
      Executive agrees that the performance of his duties pursuant to this
      Agreement may require him to work more than 48 hours per week and consents
      to opt out of that part of the Working Time Regulations 1998 which limits
      the working week to a maximum of 48 hours averaged over 17 weeks. The
      Executive may withdraw this consent to work more than 48 hours per week by
      giving not less than three months' notice to the General Counsel or Chief
      People Officer.

            

    

     

    
      
        
          
            	
                    5

                  	
                    GRATUITIES

                  

          

        

      

       

    

    
      	
              5.1  

            	
              The
      Executive shall not directly or indirectly accept any commission, rebate,
      discount or gratuity in cash or in kind from any person who has or is
      having or is likely to have a business relationship with any Group Company
      unless the gratuity is of minimal value and only made on an occasional
      basis.

            

    

     

    
      	
              5.2  

            	
              Notwithstanding
      clause 5.1 above, the Executive shall register any such gratuity on the
      Gifts and Hospitality Register, whether or not any such gift or
      hospitality is accepted. Details of the Gifts and Hospitality Register are
      available from Human Resources or via the Group Risk and Human Resources
      intranet sites.

            

    

     

    
      
        
          
            
              	
                      6

                    	
                      CODES OF
      CONDUCT

                    

            

          

        

         

      

    

    
      	
              6.1  

            	
              The
      Executive shall comply (and procure that his spouse and minor children
      shall comply) with all applicable rules and regulations of the NASDAQ
      Exchange and the laws of the United States of America applicable to any
      Group Company, including without limitation the regulations of the U.S.
      Securities and Exchange Commission, and any other codes, rules or
      regulations of any other relevant regulatory authority in the UK, USA or
      any other relevant jurisdiction from time to time in relation to the
      holding or trading of shares, debentures or other
    securities.

            

    

     

    
      	
              6.2  

            	
              The
      Executive shall comply with any Codes of Conduct of the Group (including
      but not limited to the Group’s Code of Conduct together with the Code of
      Ethics for Principle Executive and Senior Officers of Virgin Media Inc.
      and Virgin Media Investment Holdings Limited and the Group's Insider
      Trading Policy) from time to time in force and any other relevant
      regulatory authority. The Company may require from time to time
      questionnaires or other forms to be completed by the Executive in
      connection with these Codes of Conduct and other policies; the Executive
      agrees to complete these forms in a timely
  fashion.

            

    

     

    
      	
              6.3  

            	
              The
      Executive shall sign the Group’s Certificate of Compliance in relation to
      any such codes; a copy of the Certificate is appended to this Agreement
      under Schedule 3. In the event that the Company requires further
      certifications, the Executive agrees to comply in a timely
      fashion.

            

    

     

    
      
        
          
            
              
                	
                        7

                      	
                        REMUNERATION

                      

              

            

          

           

        

      

    

    
      	
              7.1  

            	
              The
      Company shall pay to the Executive a salary at the rate of five hundred
      and fifty thousand pounds (£550,000) gross per year subject to deductions
      for income tax and national insurance contributions and inclusive of any
      fees payable to him by reason of his holding any Office in any Group
      Company.

            

    

     

    
      	
              7.2  

            	
              The
      Executive’s salary shall accrue from day to day and be payable by equal
      monthly instalments in arrears on or about the  26th of each
      month.

            

    

     

    
      	
              7.3  

            	
              The
      Executive’s salary shall be reviewed once in every year. The undertaking
      of a salary review does not confer a contractual right (whether express or
      implied) to any increase in salary and the Executive acknowledges that any
      salary increase is at the discretion of the
  Company.

            

    

     

    
      	
              7.4  

            	
              The
      Executive is eligible to participate in such bonus scheme as the Group may
      from time to time nominate subject to the rules of such scheme as amended
      from time to time. The payment of any bonus together with any amount
      payable is at the Group’s absolute discretion and may from time to time be
      determined by the Group.  A bonus if awarded may be in cash,
      shares (restricted or otherwise) of Virgin Media Inc or options or phantom
      options over such shares or a mixture thereof at the discretion of the
      Compensation Committee.  Any bonus payment will not be part of
      the contractual remuneration or fixed salary hereunder. Details of the
      bonus scheme will be communicated to the Executive
    separately.

            

    

     

    
      	
              7.5  

            	
              The
      entitlement to and payment of any bonus is conditional upon the Executive
      being employed and not having given notice on the last calendar day of the
      month in which the bonus is paid (currently March). The Executive
      acknowledges that the termination of the Executive’s employment whether
      lawful or unlawful prior to the last calendar day of the relevant bonus
      period shall not in any circumstance give rise to a claim by the Executive
      for compensation in lieu of such bonus or compensation to cover the loss
      of opportunity to earn such bonus. In the event that the Company improves
      this policy for senior executives, it will consider application of that
      policy to the Executive.

            

    

     

    
      	
              7.6  

            	
              The
      Executive shall be eligible to participate in such incentive plans upon
      such terms as the Compensation Committee of the Parent shall determine
      from time to time.  The terms of the performance based
      restricted stock award granted in connection with the execution of this
      Agreement are summarised in
Schedule 1.

            

    

     

    
      	
              7.7  

            	
              If
      the Compensation Committee determines that the Executive’s gross
      negligence, fraud or other misconduct has contributed to the Group having
      to restate all or a portion of its financial statements the Compensation
      Committee of Virgin Media Inc. may if it determines in its sole judgment
      that it is in the Group's interest to do so require reimbursement by the
      Executive of any payment made under any bonus scheme where: (1) the
      payment under that bonus scheme was predicated upon achieving certain
      financial results that were subsequently the subject of a restatement of
      Group financial statements filed with the Securities and Exchange
      Commission and/or the satisfaction of financial results or other
      performance metric criteria which the Compensation Committee subsequently
      determined were materially inaccurate; (2) the Compensation Committee
      determines that the Executive’s gross negligence, fraud or other
      misconduct contributed to the need for the restatement and/or inaccuracy;
      and (3) a lower bonus payment or award would have been made to the
      Executive based upon the restated financial results or accurate financial
      results or performance metric criteria. In any such case the Compensation
      Committee may, to the extent permitted by applicable law, recover from the
      Executive, whether or not he remains in employment with the Group, the
      amount by which the Executive’s bonus payment/award for the relevant
      period exceeded the lower payment/award, if any, that would have been made
      based on the restated financial results or accurate financial results or
      performance metric criteria. The Executive agrees that he will upon demand
      by the Group repay to the Group the sum so demanded within 21 days of
      receiving the demand for payment and whether or not he remains the
      employee of the Group together with interest whichever is the greater of
      5% or 1% above the Bank of England minimum lending rate from time to time
      from the date of the bonus payment or award to the date of actual
      repayment.

            

    

     

    
      
        
          
            
              
                	
                        8

                      	
                        PENSION
      SCHEME

                      

              

            

          

           

        

      

    

    
      	
              8.1  

            	
              The
      Executive will be eligible to become a member of the Company’s group
      pension plan (“Pension Plan”), to which the Company shall contribute the
      amount of 20% of base salary in accordance with rules of the Pension Plan
      and any applicable prevailing Company limits, as amended from time to time
      and subject to the approval of the Compensation Committee. The Executive
      will be contracted into the State Second Pension (S2P) unless the
      Executive opts to contract-out or contracting-out is a requirement of the
      Executive’s plan. The Executive’s contributions will be deducted from
      monthly salary payments and passed on to the Pension Plan provider. At any
      time the Company may elect to suspend or terminate operation of the
      Pension Plan and replace them with another arrangement(s). An outline
      description of the terms of the Pension Plan, are set out in a member’s
      guide. A copy of this document is available from Human Resources or may be
      available on the Group intranet
site.

            

    

     

    
      
        
          
            
              
                
                  	
                          9

                        	
                          OTHER
      BENEFITS

                        

                

              

            

             

          

        

      

    

    
      	
              9.1  

            	
              The
      Executive may participate in the following
  schemes:

            

    

     

    
      	
              9.1.1  

            	
              a
      private medical expenses scheme providing such cover for the Executive and
      his spouse/partner and children as defined in the rules of the scheme as
      the Company may from time to time notify to the Executive. This benefit
      will be subject to deduction of tax in line with HM Revenue & Customs
      requirements;

            

    

     

    
      	
              9.1.2  

            	
              a
      private dental insurance scheme providing such cover for the Executive and
      his spouse/partner as the Company may from time to time notify to the
      Executive. This benefit will be subject to the deduction of tax in line
      with HM Revenue & Customs
requirements

            

    

     

    
      	
              9.1.3  

            	
              subject
      to the applicable waiting period, a salary continuance or long-term
      disability insurance scheme providing such cover for the Executive as the
      Company may from time to time notify to
him;

            

    

     

    
      	
              9.1.4  

            	
              a
      life insurance scheme under which a lump sum benefit shall be payable on
      the Executive’s death while this Agreement continues; the benefit of which
      shall be paid to such dependants of the Executive or other beneficiary as
      the trustees of the scheme select at their discretion, after considering
      any beneficiaries identified by the Executive in any expression of the
      Executive’s wishes delivered to the trustees before his death. The benefit
      is equal to 4 times the Executive’s annual gross earnings at his death but
      annual gross earnings for this purpose shall not exceed the relevant
      limits prescribed by the Company from time to time. The Executive is
      required to complete all necessary paperwork to ensure eligibility to full
      benefit under the scheme. The Company accepts no liability should full
      payment not be made on the basis that the Executive has failed to complete
      the requisite paperwork. The Executive may be required to undergo
      examinations by a medical examiner appointed or approved by the Company in
      connection with the operation of the scheme;
  and/or

            

    

     

    
      	
              9.1.5  

            	
              a
      personal accident insurance scheme providing such cover for the Executive
      as the Company may from time to time notify to
  him.

            

    

     

    
      	
              9.2  

            	
              Benefits
      under any insurance scheme shall be subject to the rules of the scheme(s)
      and the terms of any applicable insurance policy and are conditional upon
      the Executive complying with and satisfying any applicable requirements of
      the insurers. Copies of these rules and policies and particulars of the
      requirements shall be provided to the Executive on request. The Company
      shall not have any liability to pay any benefit to the Executive under any
      insurance scheme unless it receives payment of the benefit from the
      insurer under the scheme. The Company reserves the right to amend or
      withdraw any insurance scheme at its discretion from time to
      time.

            

    

     

    
      	
              9.3  

            	
              Any
      insurance scheme which is provided for the Executive is also subject to
      the Company’s right to alter the cover provided or any term of the scheme
      or to cease to provide (without replacement) the scheme at any
      time.

            

    

     

    
      	
              9.4  

            	
              The
      provision of any insurance scheme does not in any way prevent the Company
      from lawfully terminating this Agreement in accordance with the provisions
      of this Agreement even if to do so would deprive the Executive of
      membership of or cover under any such
scheme.

            

    

     

    
      
        
          
            
              
                
                  
                    	
                            10

                          	
                            COMPANY CAR
      ALLOWANCE

                          

                  

                

              

               

            

          

        

      

    

    
      	
              10.1  

            	
              The
      Company shall provide the Executive with a non-pensionable car allowance
      of £1,041.66 gross per month payable monthly in arrears (£12,500
      annually), together with payment of salary pursuant to clause 7. Full
      details are contained in the Perk Car Policy which is available on the
      Group intranet site. The Company reserves the right to review and amend
      these policies at any time. It is a condition of the Executive’s
      employment that the Executive retains a current full driving licence
      (valid in the UK) and complies with the rules of the prevailing Perk Car
      Policy. If the Executive fails to comply with these rules or is
      disqualified from driving for any period, the Company reserves the right
      to dismiss the Executive immediately without compensation in accordance
      with the Company’s Disciplinary Policy and
  Procedures.

            

    

     

    
      
        
          
            
              
                
                  
                    
                      	
                              11

                            	
                              EXPENSES

                            

                    

                  

                

                 

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      	
                               

                            	
                              The Company shall reimburse or procure that
      the Executive is reimbursed all expenses properly incurred in accordance
      with the Company’s Travel and Expenses policy in force from time to time
      and available on the Group intranet site or from Human
      Resources.

                            

                    

                  

                

                 

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      	
                              12

                            	
                              ANNUAL
      LEAVE

                            

                    

                  

                

                 

              

            

          

        

      

    

    
      	
              12.1  

            	
              The
      Executive is entitled to 28 days holiday with pay every calendar year in
      addition to bank and other public holidays. The Company’s holiday year
      runs from 1 January to 31 December.

            

    

     

    
      	
              12.2  

            	
              The
      Company may refuse to allow the Executive to take holiday in circumstances
      where it would be inconvenient to the business (including bank or public
      holidays). The Company reserves the right to refuse holiday (including
      holiday that has previously been approved) up to and including the day
      before the holiday is due to be taken. In such circumstances the Company
      will however attempt to give as much notice as reasonably
      possible.

            

    

     

    
      	
              12.3  

            	
              If
      either party serves notice to terminate the employment the Company may
      require the Executive to take any accrued but unused holiday entitlement
      during the notice period (whether or not the Company has exercised its
      rights under clause 23.2).

            

    

     

    
      	
              12.4  

            	
              In
      all other respects unless detailed above, the Executive is subject to the
      terms of the Company’s annual leave policy which is available on the Group
      intranet site or from Human
Resources.

            

    

     

    
      
        
          
            
              
                
                  
                    
                      	
                              13

                            	
                              ILLNESS

                            

                    

                  

                

                 

              

            

          

        

    

    
      	
              13.1  

            	
              If
      the Executive is absent from work due to sickness or injury, the Executive
      may be eligible for Company sick pay, which is payable at the Company’s
      absolute discretion. Subject to this discretion and provided the Executive
      complies with the Sickness Absence Policy requirements, the Executive will
      be paid according to the Executive’s normal basic salary rate. Further
      details are set out in the Company’s Sickness Absence Policy which is
      available on the Group intranet site or can be obtained from Human
      Resources.

            

    

     

    
      	
              13.2  

            	
              If
      the Executive is incapable of performing his duties by reason of injury
      sustained wholly or partly as a result of negligence, nuisance or breach
      of any statutory duty on the part of a third party and the Executive
      recovers an amount by way of compensation for loss of earnings from that
      third party, he shall immediately pay that part of such amount to the
      Company which relates to loss of earnings for the period during which he
      was paid by the Company but unable to perform his duties under the
      Agreement.

            

    

     

    
      	
              13.3  

            	
              The
      Company shall be entitled to require the Executive to undergo examinations
      from time to time by a medical adviser appointed or approved by the
      Company and the Executive authorises the medical adviser and/or will
      provide such consents as are necessary to disclose to the Company the
      results of such examinations.

            

    

     

    
      
        
          
            
              
                
                  
                    
                      	
                              14

                            	
                              RESTRICTIONS DURING
      EMPLOYMENT

                            

                    

                  

                

                 

              

            

          

        

      

    

    
      	
              14.1  

            	
              The
      Executive shall not during his employment with the Company and warrants to
      the Company that as at the date of this agreement he is not (save as a
      representative of the Company or with the prior written approval of the
      General Counsel) whether directly or indirectly, paid or unpaid, be
      engaged or concerned in the conduct of, be or become an employee, agent,
      partner, consultant or director of or assist or have any financial
      interest in any other actual or prospective business or profession which
      is similar to or in competition with the business carried on by any Group
      Company or which may reasonably be thought by the Company to interfere,
      conflict or compete with the proper performance of the Executive's
      obligations to the Group. The Executive may not hold any office as a
      director or chairman of another company without the prior written consent
      of the Company. In any event, the Executive may not be the chairman of a
      FTSE 100 company or be a non-executive director of more than one such
      company.

            

    

     

    
      	
              14.2  

            	
              The
      Executive shall be permitted to hold shares or securities of a company any
      of whose shares or securities are quoted or dealt in on any recognised
      investment exchange provided that any such holding shall not exceed one
      per cent of the issued share capital of the company concerned and is held
      by way of bona fide investment only ("Investment").

            

    

     

    
      	
              14.3  

            	
              The
      Executive shall disclose to the Company any matters relating to his spouse
      or civil partner (or anyone living as such), their children, stepchildren,
      parents or any trust or firm whose affairs or actions he controls which,
      if they applied to the Executive, would contravene clauses 14.1 or 14.2 to
      the extent that he has actual knowledge of such
  matters.

            

    

     

    
      
        
          
            
              
                
                  
                    
                      	
                              15

                            	
                              INTELLECTUAL
      PROPERTY

                            

                    

                  

                

                 

              

            

          

        

    

    
      	
              15.1  

            	
              “Intellectual Property Rights”
      means any patents, trade marks, service marks, design rights,
      registered designs, applications for any of the foregoing, copyright,
      database rights, know-how and other similar rights or obligations whether
      registrable or not in any country.

            

    

     

    
      	
              15.2  

            	
              The
      parties agree that any Intellectual Property Rights in any material or
      invention that the Executive creates (or participates in creating) in the
      course of business (“Company IPR”) shall
      vest in the Company.

            

    

     

    
      	
              15.3  

            	
              The
      Executive hereby assigns to the Company with full title guarantee and,
      when appropriate, by way of future assignment, all his rights in the
      Company IPR for the full term thereof throughout the world. The Executive
      must complete whatever documents or take whatever action the Company may
      request from time to time, both during and after the termination of the
      Executive’s employment, to obtain any applicable registrations and to
      confirm that all Company IPR vests in the
  Company.

            

    

     

    
      	
              15.4  

            	
              The
      Executive waives all moral rights (whether arising under Chapter IV of the
      Copyright, Designs and Patents Act 1988 or otherwise, to the extent
      permissible under law) in works to which clause 15.2
    applies.

            

    

     

    
      	
              15.5  

            	
              The
      Executive hereby irrevocably appoints the Company to be his attorney in
      his name and on his behalf to execute and do any such instrument or thing
      and generally to use his name for the purpose of giving to the Company or
      its nominee the full benefit of this
clause.

            

    

     

    
      
        
          
            
              
                
                  
                    
                      	
                              16

                            	
                              CONFIDENTIALITY

                            

                    

                  

                

                 

              

            

          

        

      

    

    
      	
              16.1  

            	
              Without
      prejudice to his common law duties, the Executive shall not (save in the
      proper course of his duties, as required by law or as authorised by the
      Company) use or communicate to any person (and shall use his best
      endeavours to prevent the use or communication of) any trade or business
      secrets or confidential information of or relating to any Group Company
      (including but not limited to details of actual or potential customers,
      employees, consultants, suppliers, designs, products, product
      applications, trade arrangements, terms of business, customer
      requirements, operating systems, sales information, marketing information
      or strategies, manufacturing processes, software, disputes, commission or
      bonus arrangements, pricing and fee arrangements and structures, business
      plans, financial information, inventions, research and development
      activities, personal or sensitive personal data and anything marked or
      treated as confidential) which he creates, develops, receives or obtains
      while in the service of any Group Company. This restriction shall continue
      to apply after the termination of the Executive's employment howsoever
      arising without limit in time.

            

    

     

    
      	
              16.2  

            	
              Reference
      to confidential information in this clause 16 shall not include
      information which is in the public domain at the time of its disclosure or
      which comes into the public domain after its disclosure otherwise than by
      reason of a breach of this agreement, information which was already
      demonstrably known to the receiving party at the date of disclosure and
      had not been received in confidence from the Company or information which
      is required to be disclosed as a matter of law. It shall include
      information in the public domain for so long as the Executive is in a
      position to use such information more readily than others who have not
      worked for the Company.

            

    

     

    
      	
              16.3  

            	
              During
      his employment the Executive shall not make (other than for the benefit of
      the Company) any record (whether on paper, computer memory, disc or
      otherwise) relating to any matter within the scope of the business of any
      Group Company or their customers and suppliers or concerning its or their
      dealings or affairs or (either during his employment or afterwards) use
      such records (or allow them to be used) other than for the benefit of the
      relevant Group Company. All such records (and any copies of them) shall
      belong to the relevant Group Company and shall be handed over to the
      General Counsel or Chief People Officer by the Executive on the
      termination of his employment or at any time during his employment at the
      request of the Company.

            

    

     

    
      	
              16.4  

            	
              The
      Executive shall not during his employment either directly or indirectly
      publish any opinion, fact or material on any matter within the scope of
      the business of any Group Company (whether confidential or not) which
      might reasonably be expected to have a material adverse effect on any
      Group Company without the prior written approval of the General
      Counsel.

            

    

     

    
      	
              16.5  

            	
              Nothing
      in this clause shall prevent the Executive from disclosing information
      which he is entitled to disclose under the Public Interest Disclosure Act
      1998 provided that the disclosure is made in the appropriate way to an
      appropriate person having regard to the provisions of the Act and he has
      first fully complied with the Company's procedures relating to such
      disclosures.

            

    

     

    
      
        
          
            
              
                
                  
                    
                      	
                              17

                            	
                              DATA
      PROTECTION

                            

                    

                  

                

                 

              

            

          

        

      

    

    
      	
              17.1  

            	
              In
      accordance with the Data Protection Act 1998, the Group will hold and
      process the information it collects relating to the Executive in the
      course of the Executive’s employment for the purposes of employee
      administration, statistical and record keeping purposes. This may include
      information relating to the Executive’s physical or mental health. Some of
      the Executive’s information may be processed outside the European Economic
      Area. Such information will be treated confidentially and will only be
      available to authorised persons.

            

    

     

    
      	
              17.2  

            	
              When
      dealing with data relating to the Company’s business, the Executive is
      required to comply with the Company’s Data Protection Policy as in effect
      from time to time, which can be obtained from the Group Compliance
      Officer. In connection with any litigation, investigation or government
      proceeding, the Executive may be required to appear as a witness, be
      deposed and/or sign affidavits. In addition, the Executive’s e­mail
      accounts used for any business purpose may be subject to search, in
      accordance with applicable law.

            

    

     

    
      
        
          
            
              
                
                  
                    
                      	
                              18

                            	
                              DEDUCTIONS FROM
      SALARY

                            

                    

                  

                

                
                   

                  
                    	
                             

                          	
                            The
      Company reserves the right at any time during the Executive’s employment,
      or on termination of this Agreement to deduct from salary any overpayment
      made and/or monies owed to the Company by the Executive. This includes but
      is not limited to:

                          

                  

                   

                

              

            

          

        

      

    

    
      	
              ·  

            	
              any
      excess holiday;

            

    

     

    
      	
              ·  

            	
              outstanding
      loans;

            

    

     

    
      	
              ·  

            	
              advances;

            

    

     

    
      	
              ·  

            	
              relocation
      costs;

            

    

     

    
      	
              ·  

            	
              monies
      owed to the Company in connection with any Company car, including parking
      fines and any related administration costs for which the Executive is
      responsible and which are incurred in a vehicle provided by the Company,
      (either company vehicle or hire car) whilst in the Executive’s control;
      and

            

    

     

    
      	
              ·  

            	
              the
      cost of repairing any damage or loss to property provided by the
      Company.

            

    

     

    
      
        
          	
                   

                	
                  This
      clause will not apply to any sums or benefits due to the Executive by
      virtue of the Executive’s membership of the Company Pension
      Plan.

                

        

      

    

    
       

      
        
          
            
              
                
                  
                    
                      	
                              19

                            	
                              HEALTH AND
      SAFETY

                            

                    

                  

                

                 

                
                  
                    
                      
                        
                          
                            
                              
                                
                                  	
                                           

                                        	
                                          The Company is committed to ensuring, so far
      as reasonably practicable, that the workplace of every employee is safe,
      does not pose a risk to health and does not cause damage to the
      environment. The Executive is therefore required to familiarise himself
      with the responsibilities as outlined in the current Company’s Health and
      Safety Policy, Environment Policy, Safety Standards booklet (NT PO90) and
      Safety Information Sheets. The current version is available on the Group
      intranet site or can be obtained from the Health and Safety
      Group.

                                        

                                

                              

                            

                             

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      	
                              20

                            	
                              ENTITLEMENT TO WORK IN THE
      UK

                            

                    

                  

                

              

            

          

        

    

    
       

      
        
          
            
              
                
                  
                    
                      	
                               

                            	
                              The Executive’s employment is conditional upon
      the Executive being legally entitled to live and work in the UK. If the
      Executive’s status changes and the Executive is no longer entitled to live
      or work in the UK, the Executive’s employment will be terminated without
      notice or payment in lieu of
notice.

                            

                    

                  

                

                 

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      	
                              21

                            	
                              MONITORING

                            

                    

                  

                

                 

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      	
                               

                            	
                              The Executive acknowledges that the Company
      may monitor messages sent and received via email, SMS, the Internet and
      voicemail systems to ensure that the Executive is complying with the
      Company’s policy for use by its employees of these
      systems.

                            

                    

                  

                

                 

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      	
                              22

                            	
                              TERMINATION OF
      EMPLOYMENT

                            

                    

                  

                

                 

              

            

          

        

      

    

    
      	
              22.1  

            	
              The
      Company may at any time and in its absolute discretion (whether or not any
      notice of termination has been given by the Company or the Executive under
      clause 2 above) terminate the Executive’s employment with immediate effect
      and make a payment in lieu of notice (subject to clause 22.5). This
      payment shall be equal to a lump-sum severance equal to the Executive’s
      base salary at the time of the notice times 2 and is payable by the
      Company as soon as practicable following the Executive’s execution and
      delivery of a general release of claims and any applicable revocation
      period. No other payments shall apply in respect of pension, car
      allowance, accrued bonus or otherwise. (For greater certainty, to avoid
      double-counting, if a payment is made under this clause 22.1 no payment
      shall be made under clause 22.5 and vice
versa.)

            

    

     

    
      	
              22.2  

            	
              The
      employment of the Executive may be terminated by the Company without
      notice or payment in lieu of notice (and the Executive will not be
      entitled to any payment under clause 22.1)  if the
      Executive:

            

    

     

    
      	
              22.2.1  

            	
              is
      guilty of any serious misconduct (including but not limited to any such
      act set out within the Company’s disciplinary policy from time to time or
      in any code of conduct) or any other conduct which affects or is likely to
      affect prejudicially the interests of any Group Company to which he is
      required to render services under this
  Agreement;

            

    

     

    
      	
              22.2.2  

            	
              fails
      or neglects efficiently and diligently to discharge his duties or commits
      any serious or repeated breach or non-observance by the Executive of any
      of the provisions contained in this
Agreement;

            

    

     

    
      	
              22.2.3  

            	
              has
      an interim receiving order made against him, becomes bankrupt or makes any
      composition or enters into any deed of arrangement with his
      creditors;

            

    

     

    
      	
              22.2.4  

            	
              is
      convicted or charged with any arrestable criminal offence (other than an
      offence under road traffic legislation in the United Kingdom or elsewhere
      for which a fine or non-custodial penalty is
  imposed);

            

    

     

    
      	
              22.2.5  

            	
              is
      disqualified from holding office in another company by reason of an order
      of a court of competent
jurisdiction;

            

    

     

    
      	
              22.2.6  

            	
              shall
      become of unsound mind or become a patient under the Mental Health Act
      1983;

            

    

     

    
      	
              22.2.7  

            	
              is
      convicted of an offence under the Criminal Justice Act 1993 in relation to
      insider dealings or under any other present or future statutory enactment
      or regulations relating to insider
dealings;

            

    

     

    
      	
              22.2.8  

            	
              is
      in violation of the rules and regulations of the U.S. Securities and
      Exchange Commission or relevant U.S. securities laws, or the rules and
      regulations of the NASDAQ Exchange or any other exchange on which any
      Group Company's securities may be
listed;

            

    

     

    
      	
              22.2.9  

            	
              ceases
      to be a director of the Company otherwise than at the request of the
      Company;

            

    

     

    
      	
              22.2.10  

            	
              is
      no longer legally entitled to live and/or work in the
  UK;

            

    

     

    
      	
              22.2.11  

            	
              does
      anything (in the course of his duties or otherwise) which (in the
      reasonable opinion of the Board of the Parent) does actually or might
      reasonably be expected to bring himself or any Group Company into
      disrepute; and/or

            

    

     

    
      	
              22.2.12  

            	
              acts
      in a way which is in the reasonable opinion of the Company materially
      adverse to the interests of the
Company.

            

    

     

    
      	
              22.3  

            	
              Any
      delay by the Company in exercising such right to terminate shall not
      constitute a waiver thereof.

            

    

    
       

    

    
      	
              22.4  

            	
              In
      the event that a Change in Control occurs and the Executive is terminated
      in a Termination without Cause during the period commencing on the date of
      the Change in Control and ending on the first anniversary thereof
      then:

            

    

     

    
      	
              22.4.1  

            	
              the
      Company will as soon as practicable following the Executive’s execution
      and delivery of a general release of claims and following the expiration
      of any applicable revocation period, cause the Executive to be paid a
      lump-sum severance payment of cash equal to the Executive’s base salary at
      the time of the Change in Control times 2;
and

            

    

     

    
      	
              22.4.2  

            	
              the
      provisions of this clause 22.4 will apply exclusively and no other
      termination payments or notice will apply, notwithstanding any other
      provision hereof and in the event that any other severance, notice or
      other payment has been made to the Executive prior to the payment required
      under this clause 22.4, such prior payment amount shall be deducted from
      the amounts payable under clause (i) to avoid
    double-counting.

            

    

    
       

      
        	
                 

              	
                
                  In
      order for the provisions of this clause 22.4 to apply, the Executive must
      provide the Company with 10 days’ notice of the Executive’s claim that a
      payment is due hereunder, and such notice shall describe the facts and
      circumstances in support of such claim in reasonable detail. The Company
      shall have 10 days thereafter to cure such facts and circumstances if
      possible.

                

              

      

       

    

    
      	
              22.5  

            	
              Notwithstanding
      anything to the contrary in this Agreement, the Company may assign the
      Executive’s employment to Virgin Media Inc. (or its successor) or another
      Group Company reasonably comparable or superior to the Company within the
      overall corporate structure and such assignment will not constitute
      termination of employment hereunder and the Executive agrees to execute
      any and all documents necessary or reasonable to accomplish the
      foregoing.

            

    

     

    
      
        
          
            
              
                
                  
                    
                      	
                              23

                            	
                              SUSPENSION AND GARDEN
      LEAVE

                            

                    

                  

                

                 

              

            

          

        

      

    

    
      	
              23.1  

            	
              The
      Company may suspend the Executive on full pay to allow the Company to
      investigate any complaint made against the Executive in relation to his
      employment with the Company.

            

    

     

    
      	
              23.2  

            	
              Provided
      that the Executive continues to enjoy his full contractual benefits and
      receive his pay in accordance with this Agreement (provided however that
      consideration for a bonus under clauses 7.4 and 7.5 is at the
      discretion of the Compensation Committee of the Board of the Parent), the
      Company may in its absolute discretion do all or any of the following
      during the notice period or any part of the notice period, after the
      Executive or the Company has given notice of termination to the other,
      without breaching this Agreement or incurring any liability or giving rise
      to any claim against it:

            

    

     

    
      	
              23.2.1  

            	
              exclude
      the Executive from the premises of the
Group;

            

    

     

    
      	
              23.2.2  

            	
              require
      the Executive to carry out only specified duties (consistent with his
      status, role and experience) or to carry out no
  duties;

            

    

     

    
      	
              23.2.3  

            	
              announce
      to any or all of its employees, suppliers, customers and business partners
      that the Executive has been given notice of termination or has resigned
      (as the case may be);

            

    

     

    
      	
              23.2.4  

            	
              prohibit
      the Executive from communicating in any way with any or all of the
      suppliers, customers, business partners, employees, agents or
      representatives of the Group until his employment has terminated except to
      the extent he is authorised to do so by his manager in
      writing;

            

    

     

    
      	
              23.2.5  

            	
              require
      the Executive to resign his directorship of any Group Company;
      and/or

            

    

     

    
      	
              23.2.6  

            	
              require
      the Executive to comply with any other reasonable conditions imposed by
      any Group Company.

            

    

    
       

      
        	
                  

              	
                
                  The
      Executive will continue to be bound by all obligations (whether express or
      implied) owed to the Company under the terms of the Agreement or as an
      employee of the Company.

                

              

      

       

    

    
      	
              23.3  

            	
              The
      Executive will not, without the prior written consent of the General
      Counsel, be employed by or provide services to any other person, firm or
      organisation whether paid or unpaid save as previously permitted during
      the notice period.

            

    

     

    
      
        
          
            
              
                
                  
                    
                      	
                              24

                            	
                              TERMINATION AND RETURN OF
      COMPANY
PROPERTY

                            

                    

                  

                

                 

              

            

          

        

      

    

    
      	
              24.1  

            	
              The
      Executive agrees that:

            

    

     

    
      	
              24.1.1  

            	
              The
      termination of his employment as Chief Executive Officer of the Company
      for any reason and whether or not in accordance with the terms of this
      Agreement will automatically constitute his resignation as a director of
      the Company and of the Parent and from such offices held by him in any
      Group Company without claim for compensation and that he shall at the
      Company’s request take any action that the Company deems appropriate to
      document his resignation from such offices;
and

            

    

     

    
      	
              24.1.2  

            	
              on
      the termination of this Agreement he shall immediately deliver to the
      Company all credit cards, keys, computer media and other property, in
      whatever form, of or relating to the business of any Group Company which
      may be in his possession or under his power or
  control.

            

    

     

    
      	
              24.2  

            	
              If
      the Executive fails to comply with clause 24.1.1 above the Company is
      hereby irrevocably authorised to appoint some person in his name and on
      his behalf to sign and complete any documents or do any thing necessary to
      give effect to this clause.

            

    

     

    
      	
              24.3  

            	
              The
      Executive shall not, without the consent of the Company at any time after
      the termination of this Agreement represent himself still to be connected
      with any Group Company.

            

    

     

    
      
        
          
            
              
                
                  
                    
                      	
                              25

                            	
                              RECONSTRUCTION OR
      AMALGAMATION

                            

                    

                  

                

                 

              

            

          

        

        
          
            
              
                
                  
                    
                      
                        
                          	
                                   

                                	
                                  If the employment of the Executive under this
      Agreement is terminated by reason of the liquidation of the Company for
      the purpose of reconstruction or amalgamation and the Executive is offered
      employment with any concern or undertaking resulting from the
      reconstruction or amalgamation on terms and conditions not less favourable
      than the terms of this Agreement then the Executive shall have no claim
      against any Group Company in respect of the termination of his employment
      under this
Agreement.

                                

                        

                      

                    

                     

                  

                

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      	
                              26

                            	
                              RESTRICTIONS AFTER
      EMPLOYMENT

                            

                    

                  

                

                 

              

            

          

        

      

    

    
      	
              26.1  

            	
              Definitions

            

    

     

    In this
clause the following words shall have the following meanings:

     

    “Area”

     

    the area
constituting the market of any Relevant Group Company for the Services and the
Products in the period of 12 months prior to the Termination Date and with which
area the Executive was materially concerned at any time during the said period
of 12 months;

     

    “Customer”

     

    any
Person to whom any Relevant Group Company supplied the Services and the Products
for business use during the 12 months preceding the Termination Date and with
whom at any time during such period the Executive was materially concerned or
had personal contact in the course of his employment;

     

    “Key
Employee”

     

    any
person who immediately prior to the Termination Date was an employee or
consultant of any Relevant Group Company occupying a senior or managerial
position who was likely to be:

     

    in
possession of confidential information belonging to any Relevant Group Company;
or

     

    able to
influence the customer relationships or trade connections of any Relevant Group
Company,

     

    with whom
the Executive worked closely at any time during the period of 12 months prior to
the Termination Date;

     

    “Person”

     

    includes
any company, firm, organisation or other entity;

     

    “Products”

     

    products
which are competitive with those supplied by any Relevant Group Company in the
12 months prior to the Termination Date and with the supply of which the
Executive was materially concerned at any time during the said 12 month
period;

     

    “Prospective
Customer”

     

    any
Person with whom any Relevant Group Company had negotiations or discussions
regarding the possible supply of the Services and or the Products for business
use during the 12 months immediately preceding the Termination Date and with
whom at any time during such period the Executive was materially concerned or
had personal contact in the course of his employment;

     

    “Relevant
Group Company”

     

    any Group
Company (and, if applicable, its predecessors in business) for which the
Executive performed services or in which he held office at any time during the
12 months prior to the Termination Date;

     

    “Services”

     

    services
which are competitive with those supplied by any Relevant Group Company in the
12 months prior to the Termination Date and with the supply of which the
Executive was materially concerned at any time during the said 12 month
period;

     

    “Supplier”

     

    any
Person who was a supplier of services or goods to the Relevant Group Company in
connection with business use for the operation of the business (as opposed to
the administrative support of such operation) in the 12 months prior to the
Termination Date and with which the Executive was materially concerned or had
personal contact at any time during the said 12 month period; and

     

    “Termination
Date”

     

    the date
on which the employment terminates.

     

    
      
      

    

    
      	
              26.2  

            	
              The
      Executive covenants to the Company (for itself and as trustee for each
      Group Company) that:

            

    

     

    
      	
              26.2.1  

            	
              Non-competition

            

    

     

    
      
        	
                 

              	
                the
      Executive shall not for a period of 12 months from the Termination Date in
      the Area and in competition with any Relevant Group Company directly or
      indirectly be engaged, interested or
concerned:

              

      

       

    

    
      
        	
                 
      

              	
                (a)

              	
                in
      any business which provides the Products and the Services;
    and

              

      

      
         

        
          
            	
                     
      

                  	
                    (b)

                  	
                    
                      with
      the supply of the Products and the Services to any Customer or Prospective
      Customer.

                    

                  

          

           

            
              
                	
                         

                      	
                        For
      this purpose, the Executive is concerned in a business
  if:

                      

              

              
                 

                
                  	
                           
      

                        	
                          (i)

                        	
                          he
      carries it on as principal or agent;
or

                        

                

              

            

          

        

      

    

     

    
      	
               
      

            	
              (ii)

            	
              he
      is a partner, director, employee, secondee, consultant or agent in, of or
      to any Person who carries on the business;
or

            

    

     

    
      	
               
      

            	
              (iii)

            	
              subject
      to clause 14 above, he has any direct or indirect financial interest (as
      shareholder or otherwise) in any Person who carries on the
      business.

            

    

     

    
      	
              26.2.2  

            	
              Non-solicitation

            

    

    
       

      
        
          	
                   

                	
                  the
      Executive shall not for a period of 12 months from the Termination Date
      and in competition with any Relevant Group Company directly or
      indirectly:

                

        

         

      

    

    
      	
               
      

            	
              (a)

            	
              canvass
      or solicit business from, approach or endeavour to entice away any
      Customer or Prospective Customer in respect of the supply of the Products
      and the Services;

            

    

     

    
      	
               
      

            	
              (b)

            	
              seek
      to do business or deal with any Customer or Prospective Customer in the
      Area in respect of the supply of the Products and the
      Services;

            

    

     

    
      	
               
      

            	
              (c)

            	
              canvass
      or solicit business from, make an approach to or endeavour to entice away
      any Supplier of any Relevant Group
Company;

            

    

     

    
      	
               
      

            	
              (d)

            	
              accept
      employment with or act as consultant for any Customer or Prospective
      Customer.

            

    

     

    
      	
              26.2.3  

            	
              Non-poaching

            

    

     

    
      
        	
                  

              	
                the
      Executive shall not for a period of 12 months after the Termination Date
      solicit the employment or engagement of any Key Employee in a business
      which is in competition with any Relevant Group Company (whether or not
      such person would breach their contract of employment or engagement by
      reason of their leaving the service of the business in which they
      work).

              

      

       

    

    
      	
              26.3  

            	
              The
      restrictions in this clause are considered by the parties to be reasonable
      and the validity of each sub-clause shall not be affected if any of the
      others is invalid. If any of the restrictions are void but would be valid
      if some part of the restriction were deleted, the restriction in question
      shall apply with such modification as may be necessary to make it
      valid.

            

    

     

    
      	
              26.4  

            	
              The
      Executive acknowledges that the provisions of this clause are no more
      extensive than is reasonable to protect the Relevant Group
      Company.

            

    

     

    
      	
              26.5  

            	
              If
      the Executive is suspended from work under the provisions of clause 23.1
      or sent on Garden Leave under clause 23.2, the Company may, at its sole
      discretion, agree that the period of time during which the non-competition
      restriction contained in clause 26.2.1 is enforceable, starts to run from
      the date of the suspension or date when the Executive was sent on Garden
      Leave, and not from the Termination
Date.

            

    

     

    
      	
              26.6  

            	
              The
      Executive acknowledges that each and every restriction contained within
      this clause is intended by the parties to apply after the Termination Date
      whether termination is lawful or otherwise. The restrictions, which are
      acknowledged to be ancillary in nature, will apply even where the
      termination results from a breach of a provision within this
      Agreement.

            

    

     

    
      	
              26.7  

            	
              The
      Executive will (at the request and cost of the Company) enter into a
      direct agreement with any Group Company under which he will accept
      restrictions corresponding to the restrictions contained in this clause
      (or such as will be appropriate in the circumstances) in relation to such
      Group Company.

            

    

     

    
      
        
          
            
              
                
                  
                    
                      	
                              27

                            	
                              SEVERABILITY

                            

                    

                  

                

                 

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      	
                               

                            	
                              
                                If
      any of the provisions of this Agreement become invalid or unenforceable
      for any reason by virtue of applicable law the remaining provisions shall
      continue in full force and effect and the Company and the Executive hereby
      undertake to use all reasonable endeavours to replace any legally invalid
      or unenforceable provision with a provision which will promise to the
      parties (as far as practicable) the same commercial results as were
      intended or contemplated by the original
  provision.

                              

                            

                    

                  

                

                 

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      	
                              28

                            	
                              THIRD
      PARTIES

                            

                    

                  

                

                 

              

            

          

        

      

    

    
      	
              28.1  

            	
              Any
      Group Company shall have the right to enforce the provisions of this
      Agreement pursuant to the Contracts (Rights of Third Parties) Act
      1999.

            

    

     

    
      	
              28.2  

            	
              Save
      as provided in clause 28.1 above, a person who is not a party to this
      Agreement shall have no right under the Contracts (Rights of Third
      Parties) Act 1999 to enforce any provision of this
    Agreement.

            

    

     

    
      
        
          
            
              
                
                  
                    
                      	
                              29

                            	
                              NOTICES

                            

                    

                  

                

                 

              

            

          

        

      

    

    
      	
              29.1  

            	
              Any
      notice required or permitted to be given under this Agreement shall be
      given in writing delivered personally or sent by first class post pre-paid
      recorded delivery (air mail if overseas) or overnight courier or by
      facsimile to the party due to receive such notice, in the case of the
      Company, to: Virgin Media Limited, Media House, Bartley Wood Business
      Park, Hook, Hampshire, RG27 9UP and marked for the attention of the Chief
      People Officer with a copy to the General Counsel at the same address and,
      in the case of the Executive, such address as he may have notified to the
      Company in accordance with this clause or such address as may be included
      in the Group’s payroll system.

            

    

     

    
      	
              29.2  

            	
              Any
      notice delivered personally or by overnight courier shall be deemed to be
      received when delivered to the address provided in this Agreement and any
      notice sent by pre-paid recorded delivery post shall be deemed (in the
      absence of evidence of earlier receipt) to be received 2 days after
      posting and in proving the time of despatch it shall be sufficient to show
      that the envelope containing such notice was properly addressed, stamped
      and posted. A notice sent by facsimile shall be deemed to have been
      received on receipt by the sender of confirmation in the transmission
      report that the facsimile had been
sent.

            

    

     

    
      
        
          
            
              
                
                  
                    
                      	
                              30

                            	
                              STATUTORY
      INFORMATION

                            

                    

                  

                

                 

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      	
                               

                            	
                              Schedule 2 to this Agreement sets out
      information required to be given to the Executive by the Employment Rights
      Act 1996.

                            

                    

                  

                

                 

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      	
                              31

                            	
                              MISCELLANEOUS

                            

                    

                  

                

                 

              

            

          

        

      

    

    
      	
              31.1  

            	
              This
      Agreement is governed by and shall be construed in accordance with the
      laws of England and Wales.

            

    

     

    
      	
              31.2  

            	
              The
      parties to this Agreement submit to the exclusive jurisdiction of the
      English courts.

            

    

     

    
      	
              31.3  

            	
              This
      Agreement contains the entire understanding between the parties and
      supersedes all previous agreements and arrangements (if any) relating to
      the employment of the Executive by the Company (which shall be deemed to
      have been terminated by mutual
consent).

            

    

     

    
      	
              31.4  

            	
              This
      Agreement may be executed by counterparts, which together shall constitute
      one agreement. Either party may enter into this Agreement, by executing a
      counterpart and this Agreement shall not take effect until it has been
      executed by both parties. Delivery of an executed counterpart of a
      signature page by facsimile shall take effect as delivery of an executed
      counterpart of this Agreement provided that the relevant party shall give
      the other the original of such page as soon as reasonably practicable
      thereafter.

            

    

     

    
      
        
          
            
              
                
                  
                    
                      	
                              32

                            	
                              CHANGES TO TERMS AND
      CONDITIONS

                            

                    

                  

                

                 

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      	
                               

                            	
                              The Company reserves the right to amend the
      Executive’s terms set out within this Agreement and policies from time to
      time. The Executive will be given not less than four weeks notice of any
      such change. The Executive will be deemed to have accepted these changes
      should the Company have received no objection before the end of the four
      week period.

                            

                    

                  

                

                 

              

            

          

        

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
1

                                        

    Performance
Based Restricted Stock Award

     

    

     

    The
Executive shall be granted 375,000 shares of restricted stock of the Parent
(“Shares”) subject to
performance conditions to be determined by the Compensation
Committee.

     

    The
Shares shall vest as follows:

     

    
      	
              1.  

            	
              187,500
      of the Shares will vest in March 2010 provided that the Compensation
      Committee determines that the Executive has achieved the objectives set by
      the Compensation Committee.

            

    

     

    
      	
              2.  

            	
              187,500
      of the Shares will vest in March 2012 provided that the Compensation
      Committee determines that a three year cashflow target has been
      achieved.

            

    

     

    The grant
of the Shares is subject to the terms and conditions of a Restricted Stock
Agreement to be executed between the Parent and the Executive, Virgin Media
Inc.’s 2006 Stock Incentive Plan and Virgin Media’s Insider Trading Policy as
amended from time to time.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    SCHEDULE
2

     

     

    Statement
of Particulars Pursuant to the Employment Rights Act 1996

     

    

     

    
      	
              1

            	
              The
      Executive’s period of continuous employment commenced on 26 September
      2005. A period of
      employment with a previous employer does count as part of the Executive’s
      continuous employment with the
Company.

            

    

     

    
      	
              2

            	
              The
      Executive will be contracted into the Second State Pension unless the
      Executive opts to contract out.

            

    

     

    
      	
              3

            	
              The
      Company’s policies and procedures on disciplinary and grievance matters
      are available on the Company’s intranet and/or from HR (insofar as they
      are not varied by this Agreement). The policies constitute Company
      guidelines and do not form any part of the Service Agreement. Any
      grievance which the Executive wishes to exercise should be raised in
      writing with the General Counsel unless the grievance involves the General
      Counsel in which case the grievance should be raised in writing in the
      first instance with the Chief People Officer. Any disciplinary action
      taken by the Company will be dealt with by the General Counsel or such
      other person as may be directed by the Chief People Officer. The Company
      reserves the right to substitute persons at a senior level within the
      Company to conduct any aspect of the disciplinary or grievance procedure
      should it be appropriate. If the Executive is dissatisfied with any
      disciplinary decision or any decision to dismiss him, he can within five
      (5) working days of that decision appeal to the Company (unless the
      Executive is notified in any separate communication of the person to whom
      he may appeal) whose decision shall be final and
  binding.

            

    

     

    
      	
              4

            	
              The
      Executive may be required to work overseas for periods when reasonably
      required. In such circumstances, the terms of the International Assignment
      Policy will apply which is available from the Company upon
      request.

            

    

     

    
      	
              5

            	
              The
      Company is not a party to any collective agreement which affects the
      Executive’s employment.

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

     

    SCHEDULE
3

     

     

    Certificate
of Compliance

     

    

     

    I have
read and understand the Code of Conduct and have complied and will continue to
comply with it (together with any other Codes or policies that may apply to my
role from time to time, including without limitation, the Code of Ethics). I
have not acted in any way contrary to the best interests of the Company. Any
exceptions to the Code of Conduct (and any other policies) and disclosures
required by the Code and such policies are set forth below:

     

    

     

    

     

    

     

    

     

    

     

    

     

    I will
promptly report the details of any future non-compliance with the
above-mentioned Code (and any associated policies) to my immediate manager so
that its extent and significance can be considered.

     

    Dated:

     

    Signed: 
/s/ Neil
Berkett            

     

    Neil
Berkett

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
4

     

     

    Certain
Definitions

     

    

     

    
      	
              1.

            	
              A
      “Change in
      Control” shall be deemed to occur if the event set forth in any one
      of the following paragraphs shall have
occurred:

            

    

     

    
      	
              (i)

            	
              any
      Person is or becomes the Beneficial Owner, directly or indirectly, of
      securities of the Parent (not including in the securities beneficially
      owned by such Person any securities acquired directly from the Parent)
      representing 30% or more of the combined voting power of the Parent’s then
      outstanding securities, excluding any Person who becomes such a Beneficial
      Owner in connection with a transaction described in clause (a) of
      Paragraph (iii) below; or

            

    

     

    
      	
              (ii)

            	
              the
      following individuals cease for any reason to constitute a majority of the
      number of directors then serving: individuals who, on the date hereof,
      constitute the Board of Directors of the Parent (“Board”) and any new
      director (other than a director whose initial assumption of office is in
      connection with an actual or threatened election contest, including,
      without limitation, a consent solicitation, relating to the election of
      directors of the Parent) whose appointment or election by the Board or
      nomination for election by the Parent’s stockholders was approved or
      recommended by a vote of at least a majority of the directors then still
      in office who either were directors on the date hereof or whose
      appointment, election or nomination for election was previously so
      approved or recommended; or

            

    

     

    
      	
              (iii)

            	
              there
      is consummated a merger or consolidation of the Parent or any direct or
      indirect subsidiary of the Parent with any other corporation, other than
      (a) a merger or consolidation which would result in the voting securities
      of the Parent outstanding immediately prior to such merger or
      consolidation continuing to represent (either by remaining outstanding or
      by being converted into voting securities of the surviving entity or any
      parent thereof) at least 50% of the combined voting power of the
      securities of the Parent or such surviving entity or any parent thereof
      outstanding immediately after such merger or consolidation, or (b) a
      merger or consolidation effected to implement a recapitalization of the
      Parent (or similar transaction) in which no Person is or becomes the
      Beneficial Owner, directory or indirectly, of securities of the Company
      (not including in the securities beneficially owned by such Person any
      securities acquired directly from the Parent) representing 30% or more of
      the combined voting power of the Parent’s then outstanding securities;
      or

            

    

     

    
      	
              (iv)

            	
              the
      stockholders of the Parent approve a plan of complete liquidation or
      dissolution of the Parent or there is consummated an agreement for the
      sale or disposition by the Parent of all or substantially all of the
      Parent’s assets, other than a sale or disposition by the Parent of all
      substantially all of the Parent’s assets to an entity, at least 50% of the
      combined voting power of the voting securities of which are owned by the
      stockholders of the Parent immediately prior to such
  sale.

            

    

     

    Notwithstanding
the foregoing, a “Change in Control” shall not be deemed to have occurred by
virtue of the consummation of any transaction or series of integrated
transactions immediately following which the record holders of the common stock
of the Parent immediately prior to such transaction or series of transactions
continue to have substantially the same proportionate ownership in an entity
which owns all or substantially all of the assets of the Parent immediately
following such transaction or series of transactions.

     

    
      	
              2.

            	
              “Termination Without
      Cause” means a termination of the Executive’s employment during the
      employment term other than for Cause. Notwithstanding anything to the
      contrary in this Agreement, the Company may assign the Executive’s
      employment to Virgin Media Inc. (or its successor) or another Group
      Company reasonably comparable or superior to the Company within the
      overall corporate structure and such assignment will not constitute
      termination of employment hereunder and the Executive agrees to execute
      any and all documents necessary or reasonable to accomplish the
      foregoing.

            

    

     

    For
purposes of this Schedule 4:

     

    “Affiliate” shall have the
meaning set forth in Rule 12b-2 under Section 12 of the Securities Exchange Act
of 1934.

     

    “Cause” means all of the events
described in clause 24.2 of the Agreement.

     

    “Person” shall have the meaning
given in Section 3(a)(9) of the Securities Exchange Act of 1934, as modified and
used in Sections 13(d) and 14(d) thereof, except that such terms shall not
include (i) the Parent or any of its Affiliates, (ii) a trustee or other
fiduciary holding securities under an employee benefit plan of the Parent or any
of its subsidiaries, (iii) an underwriter temporarily holding securities
pursuant to an offering of such securities, or (iv) a corporation owned,
directly or indirectly, by stockholders of the Parent in substantially the same
proportions as their ownership of stock of the Parent.

     

    “Beneficial Owner” shall have
the meaning set forth in Rule 13d-3 under the Securities Exchange Act of 1934,
except that a Person shall not be deemed to be the Beneficial Owner of any
securities which are properly filed on a Form 13-G.

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

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

     

    
      
        
          
            
              
                
                  	
                          SIGNED and DELIVERED as a DEED 
by VIRGIN MEDIA LIMITED
      acting

                          by

                           

                          in
      the presence of:-

                        	
                          )

                          ) 

                          )

                          )

                          )
)

                        	 
      	
                           

                           

                           

                           

                          /s/
      Robert
      Gale                          
      

                           

                          Director/Authorised
      Attorney

                        

                

              

            

          

        

      

    

     

     

     

     

     

    
      
        
          	
                  Signed

                	
                  /s/
      Sarah
      Cox                            
      

                

        

      

    

     

     

     

    
       

      
        
          
            	
                    Name

                  	
                    Sarah
      Cox                                  

                  

          

        

      

       

    

     

     

    
       

      
        
          
            	
                    Address

                  	
                    [Intentionally
      Deleted]             
      

                  

          

        

      

       

      
         

        
          
            
              	
                       

                    	
                                                         
                       
      

                    

            

          

        

         

      

    

    
       

      
        
          
            	
                     

                  	
                                                                         

                  

          

        

      

       

       

       

      
         

        
          
            
              	
                      Occupation

                    	
                      Personal
      Assistant                  
       

                    

            

          

        

         

      

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  	
                                          Signed
      as a Deed by Neil Berkett in the presence
      of:      /s/ Neil Berkett

                                        	 
	
                                           

                                          Witness
      signature:    /s/ Fiona Hillman

                                        	 
      
	
                                          Name:                           Fiona
      Hillman

                                        	 
      
	
                                          Address:                     
      [Intentionally Deleted]

                                        	 
      
	                                     
      	 
      
	
                                          Occupation:                Personal
      Assistantrm8kex10_3.htm

     

     

    Exhibit 10.3

     

    EXECUTION COPY

    
 

     

    VIRGIN
MEDIA INC.

    RESTRICTED
STOCK AGREEMENT

     

    RESTRICTED STOCK AGREEMENT,
dated as of 3 July 2009, between Virgin Media Inc., a Delaware corporation
(the “Company”), and
James F. Mooney (the “Executive”), effective as of
1 May 2009.

     

     

    WHEREAS,
the Executive is employed by the Company under the Second Amended & Restated
Employment Agreement, effective as of 1 May 2009 (the “Employment Agreement”) and
which has a term thereunder which expires on 30 December 2010 (such term, as may
be extended by amendment of the Employment Agreement, the “Term”);

     

    WHEREAS,
the Compensation Committee of the Board of Directors of the Company (the “Compensation Committee”) has
reviewed and approved the terms of this Agreement and the Employment
Agreement;

     

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

     

    NOW,
THEREFORE, the parties hereto agree as follows:

     

    1.           Grant of Restricted
Stock.  The Company hereby grants to the Executive, and the
Executive hereby accepts from the Company, 625,000 shares of Restricted Stock on
the terms and conditions set forth in this Agreement.  This Agreement
is also subject to the terms and conditions set forth in the
Plan.  Capitalized terms used but not defined herein shall have the
meanings set forth in the Plan.

     

    2.           Rights of Executive.  Except
as otherwise provided in this Agreement, the Executive shall be entitled, at all
times on and after the date that the shares of Restricted Stock are issued, to
exercise all the rights of a stockholder with respect to the shares of
Restricted Stock (whether or not the Transfer Restrictions thereon shall have
lapsed), including the right to vote the shares of Restricted Stock and the
right, subject to Section 6 hereof, to receive dividends
thereon.  Notwithstanding the foregoing, prior to the “Release Date”
(as defined in Section 4.1), the Executive shall not be entitled to transfer,
sell, pledge, hypothecate, assign or otherwise dispose of or encumber, the
shares of Restricted Stock (collectively, the “Transfer Restrictions”),
except that, as provided in Section 4.1, the Executive may sell such number of
shares as is reasonably necessary to pay for any US federal or state income tax
that may apply as a result of vesting upon the occurrence of the relevant Lapse
Date but in no event more than 45% of such shares.

     

    3.           Vesting and Lapse of
Transfer Restrictions.  The Transfer Restrictions on the
Restricted Stock shall lapse and the Restricted Stock granted hereunder shall
vest as follows:

     

     

    
      	
              (i)  

            	
              Annual Group Simple Cash
      Flow. As to the number of shares set forth below if performance
      conditions relating to annual group simple cash flow attributable to each
      of the Company’s fiscal years shown below, established by the Compensation
      Committee in respect of the Company’s 2009-2011 long-term incentive plan,
      have been met, so long as the Executive has remained continuously employed
      by the Company from the date of commencement of his employment through
      December 31 of the relevant fiscal year shown
  below:

            

    

     

     

    
      
        
          
            
              
                
                  
                    	
                            No of Shares

                          	
                            Relevant Fiscal Year

                          	
                            Lapse Date

                          
	
                            187,500

                          	
                            2009

                          	
                            May
      15, 2010

                          
	
                            125,000

                          	
                            2010

                          	
                            May
      15,
2011

                          

                  

                

              

            

          

        

      

    

    

    
       

      
        	
                  

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

                

              

      

    

     

    
      	
              (ii)  

            	
              Comprehensive List of
      Objectives.  As to the number of shares set forth below
      if performance conditions relating to a comprehensive list of objectives
      established by the Compensation Committee in respect of the Company’s
      fiscal year below have been met, so long as the Executive has remained
      continuously employed by the Company from the date of commencement of his
      employment through December 31 of the relevant fiscal year shown
      below:

            

    

     

     

    
      
        
          	
                  No of Shares

                	
                  Relevant Fiscal Year

                	
                  Lapse Date

                
	
                  187,500

                	
                  2009

                	
                  May
      15, 2010

                
	
                  125,000

                	
                  2010

                	
                  May
      15, 2011

                

        

      

    

    

    
      
         

        
          	
                    

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

                    

                  

                

        

      

       

    

    The
Compensation Committee shall meet to determine whether such performance
conditions have been met promptly after the completion by the Company of the
financial reports or other information in respect of an applicable fiscal year
necessary to make such determination.  The restrictions on the shares
of Restricted Stock subject to this Section 3.1 shall lapse on the date that the
Compensation Committee determines that the applicable performance conditions
have been met in respect of an applicable fiscal year (such date, the “Lapse Date”), and the shares
of Restricted Stock shall be forfeited if the Compensation Committee determines
that such performance conditions have not been met.  In no event shall
the date of such determination occur later than the last day of the fiscal year
immediately following the fiscal year to which the performance conditions
relate.

     

    4.           Escrow and Delivery of
Shares.

     

    4.1           Certificates
representing the shares of Restricted Stock shall be issued and held by the
Company in escrow and shall remain in the custody of the Company until the
earlier of (i) the final Lapse Date (May 15, 2011) or (ii) the date of the
Executive’s termination of employment with respect to shares of Restricted Stock
that would vest on such date pursuant to the terms of the Employment Agreement
(the earlier of (i) and (ii), the “Release Date”); provided, that in
connection with any Lapse Date, the Company shall deliver to the Executive a
sufficient number of shares that have become vested on such Lapse Date with a
value equal to the Withholding Tax requirements, if any (but in no event more
than 45% of such vested shares) (the “Withholding
Shares”).  As soon as practicable after the Release Date, the
shares of Restricted Stock that have become vested pursuant to Section 3 hereof
that have not previously been delivered to the Executive shall be delivered to
the Executive or the Executive’s estate, subject to the delivery of any
documents which the Company in its discretion may require as a condition to the
issuance of shares, and so long as the Executive has satisfied all applicable
Withholding Tax requirements with respect to the Restricted Stock.

     

    4.2           The
Executive shall receive, hold, sell, or otherwise dispose of those shares
delivered to the Executive pursuant to Section 4.1 free and clear of the
Transfer Restrictions, but subject to compliance with all federal and state
securities laws. 

     

    4.3           Prior
to the Release Date (or such earlier date that is applicable to the Withholding
Shares), each stock certificate shall bear a legend in substantially the
following form:

     

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

     

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

     

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

     

    7.           No Right to Continued Employment.  Nothing
in this Agreement shall be interpreted or construed to confer upon the Executive
any right with respect to continuance of employment by the Company or any of its
Affiliates, nor shall this Agreement interfere in any way with the right of the
Company or any such Affiliate to terminate the Executive’s employment at any
time.

     

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

     

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

     

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

     

    11.           Governing
Law.  The validity, interpretation, construction and
performance of this Agreement shall be governed by the laws of the State of New
York without giving effect to the conflicts of laws principles
thereof.

     

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

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    [The
remainder of this page is intentionally blank.]

     

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

     

     

    
      
        
          	 
      	
                  VIRGIN
      MEDIA INC.

                   

                   

                   

                  /s/ Bryan H. Hall

                   

                  Name:  Bryan
      H. Hall

                   

                  Title:    Secretary
      and General Counsel

                
	
                  EXECUTIVE

                   

                   

                  /s/ James F. Mooney

                   

                  James
      F. Mooney

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}]]