Document:

Exhibit 10.27

 

 

NTL
INCORPORATED

 

RESTRICTED STOCK AGREEMENT

 

 

RESTRICTED STOCK AGREEMENT, dated as of September 11,
2006, between NTL Incorporated, a Delaware corporation (the “Company”), and
Stephen A. Burch (the “Executive”).

 

WHEREAS,
the Executive and the Company are parties to an Employment Agreement, dated as
of December 15, 2005, which contemplates that the Executive would be
granted (among other grants) 125,000 shares of common stock, par value $0.01
per share, of the Company (the “Common Stock”) in each of 2006, 2007 and 2008;
and

 

WHEREAS,
the Company and the Executive now wish to evidence a grant of 125,000 shares of
Common Stock (the “Restricted Stock”) pursuant to the NTL Incorporated 2006
Stock Incentive Plan (As Amended and Restated as of June 15, 2006) (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, 125,000 shares of Restricted Stock on the terms and conditions set
forth in this Agreement.  This Agreement
is also subject to the terms and conditions set forth in the Plan.  Capitalized terms used but not defined herein
shall have the meanings set forth in the Plan.

 

2.                                       Rights of Executive.

 

Except
as otherwise provided in this Agreement, the Executive shall be entitled, at
all times on and after the date that the shares of Restricted Stock are issued,
to exercise all the rights of a stockholder with respect to the shares of
Restricted Stock (whether or not the Transfer Restrictions thereon shall have
lapsed), including the right to vote the shares of Restricted Stock and the
right, subject to Section 6 hereof, to receive dividends thereon.  Notwithstanding the foregoing, prior to the
Lapse Date (as defined below), the Executive shall not be entitled to transfer,
sell, pledge, hypothecate, assign, or otherwise dispose of or encumber, the
shares of Restricted Stock (collectively, the “Transfer Restrictions”).  The Executive hereby acknowledges that the Company
may set policies from time to time on minimum stock holdings of its key
executives and such policies, as in effect from time to time, may restrict
transfers of vested shares by the Executive. 
The Executive agrees to comply with these policies and the Company’s
insider trading policy as in effect from time to time.

 

3.                                       Vesting and
Lapse of Transfer Restrictions.

 

3.1                                 The Transfer
Restrictions on the shares of Restricted Stock shall lapse and the Restricted
Stock shall vest not later than April 30, 2009 subject to achievement of
performance goals under the Company’s Long Term Incentive Plan for the period
beginning on January 1, 2006 and ending on December 31, 2008, and so
long as the Executive has remained continuously employed by the Company from
the date of commencement of his employment through December 31, 2008.

 

 

 

Such
lapsing and vesting shall occur on the date in the 2009 fiscal year on which
the Committee makes the determination as to whether such performance conditions
have been met in respect of such performance period.  The Committee shall meet to make such
determination promptly after the completion by the Company of the financial
reports or other information necessary to make such determination but in no
event later than April 30, 2009.  If
such performance goals are not met, the Executive shall forfeit the Restricted
Stock, and such shares of Restricted Stock shall cease to be outstanding and
the Executive shall have no rights with respect thereto.

 

The
foregoing date on which restrictions on the shares of Restricted Stock are
scheduled to lapse and such shares of Restricted Stock are scheduled to vest is
referred to in this Agreement as the “Lapse Date.”

 

3.2                                 Upon the
occurrence of an Acceleration Event, if the Restricted Stock is then outstanding,
the restrictions on the shares of Restricted Stock will lapse and the
Restricted Stock will automatically vest.

 

4.                                       Escrow and
Delivery of Shares.

 

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

 

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

 

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

 

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

 

“This certificate and the
shares of stock represented hereby are subject to the terms and conditions
(including forfeiture, restrictions against transfer and rights of repurchase,
if applicable) contained in the Restricted Stock Agreement (the “Agreement”)
between the registered owner of the shares represented hereby and NTL
Incorporated.  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 NTL
Incorporated.”

 

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

 

2

 

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
the performance period and prior to the date of the determination as to whether
the performance conditions applicable to such performance period have been met,
the shares of Restricted Stock subject to vesting in respect of such
performance period shall remain outstanding following the termination of the
Executive’s employment and shall vest or be forfeited when such determination
is made, in either case based on such determination.

 

6.                                       Voting and
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 any cash dividends received be invested 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.

 

3

 

10.                                 Severability.

 

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

 

11.                                 Governing Law.

 

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

 

12.                                 Successors in Interest;
Transfer.

 

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

 

 

 

[The remainder of this page is
intentionally blank.]

 

4

 

	
   

  	
   

  	
   

  	
  NTL INCORPORATED

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Bryan H. Hall

  
	
   

  	
   

  	
   

  	
  Name:

  	
  Bryan H. Hall

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Secretary and General Counsel

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ACCEPTED
  AND AGREED

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/
  Stephen A. Burch

  	
   

  	
   

  	
   

  
	
  Name:

  	
  Stephen
  A. Burch

  	
   

  	
   

  	
   

  
						

 

5Exhibit 10.38

 

DATED 27
February 2008

 

VIRGIN
MEDIA LIMITED

 

and

 

John Howard Watson

 

 

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

  	
  4

  
	
   

  	
   

  	
   

  
	
  5

  	
  GRATUITIES

  	
  4

  
	
   

  	
   

  	
   

  
	
  6

  	
  CODES OF CONDUCT

  	
  4

  
	
   

  	
   

  	
   

  
	
  7

  	
  REMUNERATION

  	
  5

  
	
   

  	
   

  	
   

  
	
  8

  	
  PENSION SCHEME

  	
  5

  
	
   

  	
   

  	
   

  
	
  9

  	
  OTHER BENEFITS

  	
  6

  
	
   

  	
   

  	
   

  
	
  10

  	
  SHARE OPTIONS

  	
  7

  
	
   

  	
   

  	
   

  
	
  11

  	
  COMPANY CAR ALLOWANCE

  	
  7

  
	
   

  	
   

  	
   

  
	
  12

  	
  FUEL

  	
  7

  
	
   

  	
   

  	
   

  
	
  13

  	
  EXPENSES

  	
  8

  
	
   

  	
   

  	
   

  
	
  14

  	
  ANNUAL LEAVE

  	
  8

  
	
   

  	
   

  	
   

  
	
  15

  	
  ILLNESS

  	
  8

  
	
   

  	
   

  	
   

  
	
  16

  	
  RESTRICTIONS DURING EMPLOYMENT

  	
  9

  
	
   

  	
   

  	
   

  
	
  17

  	
  INTELLECTUAL PROPERTY

  	
  9

  
	
   

  	
   

  	
   

  
	
  18

  	
  CONFIDENTIALITY

  	
  10

  
	
   

  	
   

  	
   

  
	
  19

  	
  DATA PROTECTION

  	
  11

  
	
   

  	
   

  	
   

  
	
  20

  	
  DEDUCTIONS FROM SALARY

  	
  11

  
	
   

  	
   

  	
   

  
	
  21

  	
  HEALTH AND SAFETY

  	
  12

  
	
   

  	
   

  	
   

  
	
  22

  	
  ENTITLEMENT TO WORK IN THE UK

  	
  12

  
	
   

  	
   

  	
   

  
	
  23

  	
  MONITORING

  	
  12

  
	
   

  	
   

  	
   

  
	
  24

  	
  TERMINATION OF EMPLOYMENT

  	
  12

  
	
   

  	
   

  	
   

  
	
  25

  	
  SUSPENSION AND GARDEN LEAVE

  	
  14

  
	
   

  	
   

  	
   

  
	
  26

  	
  TERMINATION AND RETURN OF COMPANY PROPERTY

  	
  15

  
	
   

  	
   

  	
   

  
	
  27

  	
  RECONSTRUCTION OR AMALGAMATION

  	
  15

  
	
   

  	
   

  	
   

  
	
  28

  	
  RESTRICTIONS AFTER EMPLOYMENT

  	
  15

  

 

i

 

	
  29

  	
  SEVERABILITY

  	
  18

  
	
   

  	
   

  	
   

  
	
  30

  	
  THIRD PARTIES

  	
  19

  
	
   

  	
   

  	
   

  
	
  31

  	
  NOTICES

  	
  19

  
	
   

  	
   

  	
   

  
	
  32

  	
  STATUTORY INFORMATION

  	
  19

  
	
   

  	
   

  	
   

  
	
  33

  	
  MISCELLANEOUS

  	
  19

  
	
   

  	
   

  	
   

  
	
  34

  	
  CHANGES TO TERMS AND CONDITIONS

  	
  20

  
	
   

  	
   

  	
   

  
	
  SCHEDULE 1

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Statement Of Particulars Pursuant To The Employment Rights
  Act 1996

  	
  21

  
	
   

  	
   

  	
   

  
	
  SCHEDULE 2

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Certificate of Compliance

  	
  22

  

 

ii

 

THIS DEED is made on 27 February 2008

 

BETWEEN:

 

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

 

(2)           Howard Watson of Shires, Marden Park Farm, Woldingham, Surrey, CR3 7JB (the “Executive”).

 

recital

 

The Company shall employ the Executive and
the Executive shall serve the Company as Chief Technology Officer /
Chief Information Officer (or similar title) of the Company 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:

 

“Garden Leave”

 

any period during which the Company has
exercised its rights under clause 25.2;

 

“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 and includes, without
limitation, Virgin Media Limited; and.

 

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

 

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 1st June 1993 and
(subject to termination as provided below) shall be for an indefinite period
terminable by either party giving to the other 12 months notice in writing. The
Company giving to the Executive 12 months notice in writing or by Executive
giving to the Company 12 months notice in writing.

 

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

 

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.

 

3              DUTIES

 

3.1           The Executive shall during
him employment under this Agreement:

 

3.1.1        perform the duties and exercise
the powers which the Chief Executive Officer 
may from time to time properly assign to him in his capacity as Chief
Technology Officer/Chief Information Officer or in connection with the conduct
and management of the business of the Group (including serving on any  executive body or any committee of  any Group Company); as the Chief Technology
Officer/Chief Information Officer, the Executive will report to either the
Chief Executive Officer or the Chief Operating Officer;

 

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

 

3.1.7        report the wrongdoing (for
example 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 

 

2

 

director or member of staff of any Group Company of which the Executive
was aware to the General Counsel and Chief Executive Officer immediately,
irrespective of whether this may involve some degree of self incrimination.

 

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

 

3.3           The Executive’s normal
place of work will be Hook, Hampshire. 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.

 

3.4           The Executive:

 

3.4.1        shall hold such offices as a
director, secretary, or officer (an “Office”) of
any Group Company as the Company and the Executive may from time to time agree;

 

3.4.2        (if the Company so requests)
shall immediately resign without claim for compensation from any Office held in
any Group Company and the Executive hereby irrevocably appoints the Company to
be his attorney to execute and do any such instrument or thing and generally to
use his name for the purpose of giving the Company or its nominee the full
benefit of this clause;

 

3.4.3        shall not do anything (other
than anything done with the agreement or knowledge of the Company) that would
cause him to be disqualified from holding any Office;

 

3.4.4        shall not (without the prior
written approval of the General Counsel or Chief Executive Officer) resign from
any Office which he holds in any Group Company or any trusteeship which he
holds as a result of his appointment, unless in the reasonable opinion of the
Executive his continuation in Office would have any adverse consequence for the
Executive.

 

3.4.5        shall hold any Office in Group
Company subject to the articles of association or by-laws of the relevant Group
Company as amended from time to time; and

 

3.4.6        acknowledges that the
termination of any Office which he holds in any Group Company shall not
terminate his employment which shall continue on the basis that the Executive
is an employee only.

 

3

 

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 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 Human Resources Managing Director.

 

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 intranet site.

 

6              CODES OF CONDUCT

 

6.1           Subject to the terms of
clause 16, 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 the  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 2. 

 

4

 

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 three hundred and thirty thousand pounds
(£330,000) gross per year subject to deductions for income tax and national
insurance contributions and inclusive of any fees payable to him by reason of
him 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 last working day of each month.

 

7.3           The Executive’s salary
shall be reviewed once in every year; normally the 1st July of each
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. 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           Entitlement
to any bonus is conditional upon the Executive being employed 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.

 

8              PENSION SCHEME

 

8.1           The Executive will be eligible to become a
member of the Company’s group pension plan (the “Pension Plan”)
to which the Company contributes in accordance with
rules of the Pension Plan and any prevailing Company limits, as amended from
time to time. The Executive is entitled to either become a member of the
Pension Plan or remain a member of any other pension Plan of the Group of which
he has become a member, subject to the plan's rules and prevailing Company limits, as amended from time to time. 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 or any  

 

5

 

other pension Plan of the Group 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 (each referred to below as an “insurance scheme”):

 

9.1.1        a private medical expenses
insurance 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 Inland Revenue 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 Her Majesty’s Revenue and Customs
requirements;

 

9.1.3        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 limit 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 

 

6

 

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            SHARE OPTIONS

 

The Executive shall be eligible to
participate in the Virgin Media Inc. 2006 Stock Incentive Plan for the time
being in force subject to the rules applicable to such scheme as amended or
varied from time to time at the Company’s discretion. The Executive shall not
be entitled to any compensation for the loss of this benefit or the loss of
opportunity to benefit on termination of this Agreement, whether the Agreement
is lawfully terminated or not. Details of the Virgin Media Inc. 2006 Stock
Incentive Plan shall be communicated to the Executive separately.

 

11            COMPANY CAR ALLOWANCE

 

The
Company shall provide the Executive with a non-pensionable car allowance of
£1,041.66 gross per month payable monthly in arrears, together with payment of
salary pursuant to clause 7. Full details
are contained in the Perk Car Policy and Fuel 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 and Fuel 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.

 

12            FUEL

 

The Executive will be allocated a fuel card
pursuant to the Fuel Policy in force from time to time which should be used for
the purchase of fuel for all reasonable fuel expenses (both business and
private) for the nominated funded car. Reasonable private fuel is as considered
by the Group. The total amount of fuel charged to the fuel card will be
declared to the Inland Revenue on the Executive’s P11D. This will be subject to
income tax and national insurance. The Executive should arrange to declare his
business mileage to the Inland Revenue in order to gain tax relief, which is a
direct arrangement between the Executive and the Inland Revenue. The Company
recommends that the Executive consults an independent tax expert for advice. 

 

7

 

Further details are contained in the Fuel
Policy which is available on the Group intranet site.

 

13            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.

 

14            ANNUAL LEAVE

 

14.1         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.

 

14.2         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.

 

14.3         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 25.2).

 

14.4         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.

 

15            ILLNESS

 

15.1         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.

 

15.2         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.

 

8

 

15.3         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.

 

16            RESTRICTIONS DURING
EMPLOYMENT

 

16.1         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 or Chief Executive Officer)
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 Company. 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.

 

16.2         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”).

 

16.3         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 16.1 or 16.2 to the extent that he has actual
knowledge of such matters.

 

17            INTELLECTUAL PROPERTY

 

17.1         “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.

 

17.2         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.

 

17.3         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 

 

9

 

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.

 

17.4         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 17.2 applies.

 

17.5         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.

 

18            CONFIDENTIALITY

 

18.1         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 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.

 

18.2         Reference to confidential
information in this clause 18 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.

 

18.3         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 the Company or 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 Company or the relevant Group Company.
All such records (and any copies of them) shall belong to the Company or the
relevant Group Company and shall be handed over to the Managing Director –
People team by the Executive on the termination of his
employment or at any time during his employment at the request of the Board.

 

10

 

18.4         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 the Company or
any Group Company (whether confidential or not) which might reasonably be
expected to have a material adverse effect on the Company (or any Group
Company) without the prior written approval of the General Counsel or Chief
Executive Officer.

 

18.5         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.

 

19            DATA PROTECTION

 

19.1         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.

 

19.2         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.

 

20            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;

 

·      recoverable
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, private fuel
reimbursement in accordance with the prevailing Perk Car Policy and Fuel
Policy; and

 

11

 

·      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.

 

21            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.

 

22            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.

 

23            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.

 

24            TERMINATION OF EMPLOYMENT

 

24.1         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. This payment shall comprise the Executive’s basic salary (at the rate
payable when this option is exercised) together with the following benefits to
the extent that they would have been paid during the notice period:

 

·      car
allowance

 

·      company
pension contributions (subject to the Executive making his  contribution)

 

·      any holiday
which would have accrued during the notice period

 

·      fuel
allowance (to be determined at the Company’s discretion)

 

·      premium
equivalent to private medical and dental insurance paid by the Company

 

12

 

and
shall be subject to deductions for income tax and national insurance
contributions as appropriate (the “Payment in Lieu”).
The Executive will not, under any circumstances, have any right to payment in
lieu unless the Company has exercised its option to pay in lieu of notice.

 

24.2         The employment of the
Executive may be terminated by the Company without notice or Payment in Lieu if
the Executive:

 

24.2.1         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;

 

24.2.2         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;

 

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

 

24.2.4         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);

 

24.2.5         shall become of unsound mind
or become a patient under the Mental Health Act 1983 (in which circumstances a
Payment in Lieu will be made);

 

24.2.6         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;

 

24.2.7         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 any Group Company's securities may be listed;

 

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

 

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

 

24.2.10       commits an act of gross
misconduct (in the course of his duties or otherwise) which (in the reasonable
opinion of the Company) does actually or might
reasonably be expected to bring himself or any Group Company into disrepute;
and/or

 

13

 

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

 

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

 

25            SUSPENSION AND GARDEN
LEAVE

 

25.1         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.

 

25.2         Provided that the Executive continues to
enjoy his full contractual benefits and receive his pay in accordance with this
Agreement, 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:

 

25.2.1      exclude the
Executive from the premises of the Group;

 

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

 

25.2.3      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);

 

25.2.4      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 if appropriate.

 

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

 

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

 

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

 

14

 

26            TERMINATION AND RETURN
OF COMPANY PROPERTY

 

26.1         Upon the termination of this Agreement by
whatever means the Executive shall:

 

26.1.1      immediately
resign from his office as a director of the Company and from such offices held
by him in any Group Company without claim for compensation; and

 

26.1.2      immediately
deliver to the Company all credit cards, motor-cars, fuel card, 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.

 

26.2         If the Executive fails to comply with
clause 26.1.1 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.

 

26.3         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 the any Group Company.

 

27            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 the any Group Company
in respect of the termination of his employment under this Agreement.

 

28            RESTRICTIONS AFTER
EMPLOYMENT

 

28.1         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

 

15

 

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:

 

(i)            in possession of confidential information
belonging to the any Relevant Group Company; or

 

(ii)           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;

 

“Prospective Customer”

 

any Person with 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;

 

“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;

 

“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 the 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;

 

16

 

“Supplier”

 

any Person who was a
supplier of services or goods any 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.

 

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

 

28.2.1      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 16
above, he has any direct or indirect financial interest (as shareholder or
otherwise) in any Person who carries on the business.

 

28.2.2      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, 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;

 

17

 

(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.

 

28.2.3      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).

 

28.3         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.

 

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

 

28.5         If the Executive is suspended from work
under the provisions of clause 25.1 or sent on Garden Leave under clause 25.2,
the Company may, at its sole discretion, agree that the period of time during
which the non-competition restriction contained in clause 28.2.1 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.

 

28.6         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.

 

28.7         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.

 

29            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.

 

18

 

30            THIRD PARTIES

 

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

 

30.2         Save as provided in clause 30.1 above, a
person who is not party to this Agreement shall 
have no right under the Contracts (Rights of Third Parties) Act 1999 to
enforce any provision of this Agreement.

 

31            NOTICES

 

31.1         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
Human Resources Director and, in the case of the Executive, his address as set
out in this Agreement (or 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).

 

31.2         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.

 

32            STATUTORY INFORMATION

 

Schedule 1 to this Agreement sets out
information required to be given to the Executive by the Employment Rights Act
1996.

 

33            MISCELLANEOUS

 

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

 

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

 

33.3         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).

 

19

 

33.4         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.

 

34            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.

 

20

 

SCHEDULE 1

 

Statement of Particulars Pursuant to the Employment Rights Act 1996

 

1              The Executive’s period of
continuous employment commenced on 1st June 1993. 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 SERPS 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 Chief Executive Officer unless
the grievance involves the Chief Executive Officer in which case the grievance
should be raised in writing in the first instance with the Group Human
Resources Managing Director.  Any disciplinary
action taken by the Company will be dealt with by the Chief Executive Officer
or such other person as may be directed by the Group Human Resources Managing
Director.  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.

 

21

 

SCHEDULE 2

 

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).  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:

  	
  February 27, 2008

  	
   

  	 

	
   

  	
   

  	 

	
  Signed:

  	
  /s/ John Howard Watson

  	
   

  	 

	
   

  	
   

  	 

	
   

  	
   

  	
   

  	 

	
   

  	
  Mr John Howard Watson

  	
   

  
					

 

22

 

IN WITNESS whereof this Agreement has been
executed as a deed and delivered on the date first above written.

 

	
  Executed
  as a Deed by Virgin Media Limited:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/ Robert Mackenzie

  	
  Director

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/ Gillian James

  	
  Director/Company Secretary

  

 

	
  Signed
  as a Deed by John Howard Watson in

  the presence of: 

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/
  John Howard Watson

  
	
   

  	
  John Howard Watson

  	
  The

  Executive

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Witness signature: 

  	
  /s/ Lucy Otter

  	
   

  
	
   

  	
   

  	
   

  
	
  Name:
  Dr. Lucy Otter

  	
   

  
	
   

  	
   

  
	
  Address:
  

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  Occupation:
  HR Professional

  	
   

  

 

23

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