Document:

Stock Option Plan for Non-Employee Directors of UGC

 Exhibit 10.28 
  
  
 UNITEDGLOBALCOM, INC. 
 STOCK OPTION PLAN 
 FOR NON-EMPLOYEE DIRECTORS 
 (Effective March 20, 1998) 
 Amended and Restated January 22,
2004 
  
  

 TABLE OF CONTENTS 
  

							
	 	  	Page
	 ARTICLE I GENERAL
	  	
				
		 	1.1	  	Definition	  	1
		 	1.2	  	Nature of Options	  	1
		
	ARTICLE II OPTIONS	  	2
				
		 	2.1	  	Participation	  	2
		 	2.2	  	Grant	  	2
		 	2.3	  	Terms	  	2
		
	ARTICLE III AUTHORIZED STOCK	  	4
				
		 	3.1	  	The Stock	  	4
		 	3.2	  	Adjustments for Stock Split, Stock Dividend, Etc.	  	5
		 	3.3	  	Other Distributions and Changes in the Stock	  	5
		 	3.4	  	No Rights as Stockholder	  	5
		 	3.5	  	Fractional Shares	  	5
		 	3.6	  	Determination by the Board, Etc.	  	6
		
	ARTICLE IV CORPORATE REORGANIZATION; CHANGE OF CONTROL	  	6
				
		 	4.1	  	Reorganization	  	6
		 	4.2	  	Required Notice	  	6
		 	4.3	  	Acceleration of Exercisability	  	7
		 	4.4	  	Change of Control	  	6
		
	ARTICLE V GENERAL PROVISIONS	  	7
				
		 	5.1	  	Plan Administered by the Board	  	7
		 	5.2	  	Expiration	  	7
		 	5.3	  	Amendments, Etc.	  	7
		 	5.4	  	Treatment of Proceeds	  	7
		 	5.5	  	Effectiveness	  	8
		 	5.6	  	Fair Market Value	  	8
		 	5.7	  	Section Headings	  	8
		 	5.8	  	Severability	  	8
		 	5.9	  	Rule 16b-3	  	8

  

 -i- 

 UNITEDGLOBALCOM, INC. 
 STOCK OPTION PLAN 
 FOR NON-EMPLOYEE DIRECTORS 

 The Board of Directors of United International Holdings, Inc. (“UIH”), a Delaware corporation, established the
United International Holdings, Inc. Stock Option Plan for Non-Employee Directors (the “Plan”), effective March 20, 1998 (the “Effective Date”). UIH changed its name to UnitedGlobalCom, Inc. effective as of July 23,
1999. The Plan was assumed by New UnitedGlobalCom, Inc., now known as UnitedGlobalCom, Inc. (the “Company”) on January 30, 2002. The name of the Plan was changed accordingly to UnitedGlobalCom, Inc. Stock Option Plan for Non-Employee
Directors, effective March 20, 1998. The Plan is hereby amended and restated, effective January 22, 2004, in order to update the Plan’s anti-dilution provisions and incorporate certain other technical changes. The terms of the Plan,
as amended and restated, shall apply to all Options outstanding as of and from January 22, 2004. 
 PURPOSES 

 The purposes of the Plan are to provide to certain directors of the Company who are not also employees of the Company added
incentive to continue in the service of the Company and a more direct interest in the future success of the operations of the Company by granting to such directors options (“Options”) to purchase shares of the $.01 par value Class A
common stock (the “Stock”) of the Company upon the terms and conditions described below. 
 ARTICLE I

 GENERAL 
 1.1 Definition. For purposes of the Plan and as used herein, a “non-employee director” is an individual who (a) is a member of the Board of Directors of the Company and
(b) is not an employee of the Company. For purposes of the Plan, an employee is an individual whose wages are subject to the withholding of federal income tax under section 3401 of the Internal Revenue Code of 1986, as amended from time to
time (the “Code”). A non-employee director to whom an Option is granted is referred to herein as a “Holder.” 
 1.2 Nature of Options. The Options granted hereunder shall be options that do not satisfy the requirements of section 422 of the Code. 
  

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 ARTICLE II 
 OPTIONS 
 2.1 Participation. Each
non-employee director on the Effective Date and each non-employee director elected thereafter shall be eligible to receive Options to purchase Stock in accordance with Section 2.2 on the terms and conditions herein described. 
 2.2 Grant. 
 (a) Grant. The Board, in its sole discretion, may grant Options to individual non-employee directors. The Board shall have full discretion as to the number and date of the grant of Options and may grant Options covering different
numbers of shares of Stock to different directors. 
 (b) Date of Grant. The date on which a non-employee director
receives an Option hereunder is referred to as the date of grant of such Option. 
 (c) Option Certificates. Each Option
granted under the Plan shall be evidenced by a written stock option certificate (an “Option Certificate”) issued in the name of the non-employee director to whom the Option is granted. The Option Certificate shall incorporate and conform
to the terms and conditions set forth herein. 
 2.3 Terms. Options issued pursuant to the Plan shall have the
following terms and conditions in addition to those set forth elsewhere herein: 
 (a) Number. Each non-employee director
shall receive under the Plan Options to purchase the number of shares of Stock determined by the Board, subject to adjustment as provided in Article III. Such grants shall be effective at the times specified in Section 2.2. 
 (b) Price. The price at which each share of Stock covered by the Option may be purchased by each non-employee director shall be the
Fair Market Value (as defined in Section 5.6) of the Stock on the date of grant or such greater price as determined by the Board upon grant, subject to adjustment as provided in Article III. 
 (c) Duration of Options. The period within which each Option may be exercised shall expire ten years from the date the Option is
granted (the “Option Period”), unless terminated sooner pursuant to subsection (d) below or fully exercised prior to the end of such period. 
 (d) Termination of Service, Death, Etc. The Option shall terminate in the following circumstances if the Holder ceases to be a director of the Company: 
 (i) If the Holder is removed as a director of the Company during the Option Period for cause, the Option shall be void
thereafter for all purposes. 
  

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 (ii) If the Holder ceases to be a director of the Company on account of
disability within the meaning of Section 22(e)(3) of the Code, the Option may be exercised by the Holder (or, in case of death thereafter, by the persons specified in Section 2.3(d)(iii)) within one year following the date on which the
Holder ceased to be a director (if otherwise within the Option Period), but not thereafter. In any such case, the Option may be exercised as to all shares of Stock specified therein, notwithstanding Section 2.3(g). 
 (iii) If the Holder dies during the Option Period while still serving as a director or within the three-month period referred
to in Section 2.3(d)(iv) below, the Option may be exercised by those entitled to do so under the Holder’s will or by the laws of descent and distribution within one year following the Holder’s death (if otherwise within the Option
Period), but not thereafter. In any such case, the Option may be exercised as to all shares of Stock specified therein, notwithstanding Section 2.3(g). 
 (iv) If the Holder ceases to be a director within the Option Period for any reason other than removal for cause, disability
or death, the Option may be exercised by the Holder within three months following the date of such termination (if otherwise within the Option Period), but not thereafter. In any such case, the Option may be exercised only as to the shares as to
which the Option had become exercisable on or before the date the Holder ceased to be a director. 
 (e) Transferability,
Exercisability. Each Option granted under the Plan shall not be transferable by a Holder other than by will or the laws of descent and distribution and shall be exercisable during the Holder’s lifetime only by the Holder or, in the event of
disability or incapacity, by the Holder’s guardian or legal representative. Notwithstanding any other provision of the Plan, no Option may be exercised unless and until the Plan is approved by the stockholders of the Company in accordance with
Section 5.5. 
 (f) Exercise, Payments, Etc. 
 (i) The method for exercising each Option granted shall be by delivery to the Company of written notice specifying the number
of shares with respect to which the Option is exercised. The purchase of Stock pursuant to the Option shall take place at the principal office of the Company within thirty days following delivery of such notice, at which time the purchase price of
the Stock shall be paid in full by any of the methods set forth in Section 2.3(f)(ii) or a combination thereof. If the purchase price is paid by means of a broker’s loan transaction as described in clause (C) of
Section 2.3(f)(ii), in whole or in part, the closing of the purchase of the Stock under the Option shall take place on the date on which, and only if, the sale of Stock upon which the broker’s loan was based has been closed and settled,
unless the Holder makes an irrevocable written election, at the time of exercise of the Option, to have the exercise treated as fully effective for all purposes upon receipt of the purchase price by the Company regardless of whether or not the sale
of the Stock by the broker is closed and settled. A properly executed certificate or certificates representing the Stock shall be delivered to the Holder upon payment therefore. If Options on less than all shares evidenced by an Option Certificate
are exercised, the Company shall deliver a new Option Certificate evidencing the Option on the remaining shares on delivery of the outstanding Option Certificate for the Option being exercised. 
  

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 (ii) To the extent permitted by applicable law (as determined by the Board
in its sole discretion), the exercise price shall be paid by any of the following methods or any combination of such methods, at the option of the Holder: (A) cash; (B) certified, cashier’s or other check acceptable to the Company,
payable to the order of the Company; or (C) delivery to the Company of irrevocable instructions to a broker to deliver promptly to the Company the amount of sale or loan proceeds required to pay the purchase price of the Stock; or
(D) delivery to the Company of certificates representing the number of shares of Stock then owned by the Holder, the Fair Market Value of which (determined as of the date the notice of exercise is delivered to the Company) equals the price of
the Stock to be purchased pursuant to the Option, properly endorsed for transfer to the Company. No Option may be exercised by delivery to the Company of certificates representing Stock that has been held by the Option Holder for less than six
months or such other period as shall be sufficient for the Company to avoid, if possible, the recognition of expense with respect to the Option for accounting purposes. 
 (g) Service Required for Exercise. Except as set forth in Sections 2.3(d), 4.3, 4.4 and 5.5, each Option shall become exercisable in increments of 1/48th of the total number of shares covered
by the Option after each month of continuous service by the Holder as a non-employee director of the Company following the date of grant, unless the Board specifies otherwise at the time of grant of the Option or subsequently modifies the Option.
Except as set forth in Sections 2.3(d), 4.3 and 4.4, the Option shall not be exercisable as to any shares as to which any such requirement has not been satisfied, regardless of the circumstances under which the Holder ceased to be a director.
The number of shares as to which the Option may be exercised shall be cumulative, so that once the Option becomes exercisable as to any shares it shall continue to be exercisable as to those shares until expiration or termination of the Option as
provided in the Plan. 
 ARTICLE III 
 AUTHORIZED STOCK 
 3.1 The Stock. The total number of
shares of Stock as to which Options may be granted pursuant to the Plan shall be 3,000,000 in the aggregate (includes adjustments through January 30, 2002, pursuant to the provisions of Section 3.2 and as approved by stockholders). The
number of shares of Stock authorized for grant hereunder shall be adjusted in accordance with the provisions of Section 3.2. Shares of Stock underlying expired or cancelled and unexercised Options shall again be available for grant under the
Plan. The Company shall at all times reserve a sufficient number of shares of Stock, or otherwise assure itself of its ability to perform its obligations hereunder. 
  

 4 

 3.2 Adjustments for Stock Split, Stock Dividend, Etc. If the Company shall at
any time increase or decrease the number of its outstanding Shares by means of payment of a stock dividend or any other distribution upon such Shares payable in Stock, or through a stock split, subdivision, consolidation, combination,
reclassification or recapitalization involving the Stock, or change in any way the rights and privileges of such Shares, then the numbers, rights and privileges of the following shall be increased, decreased or changed in like manner as if the
corresponding Shares had been issued and outstanding, fully paid and nonassessable at the time of such occurrence: (a) the Shares as to which Options may be granted under the Plan; and (b) the Shares then subject to each outstanding
Option. Upon any occurrence described in this Section 3.2, the total Option Price under each then outstanding Option shall remain unchanged but shall be apportioned ratably over the increased or decreased number of Shares subject to the Option.

 3.3 Other Distributions and Changes in the Stock. If 
 (a) UnitedGlobalCom shall at any time distribute with respect to its Stock assets or securities of other persons (excluding cash dividends
or distributions referred to in Section 3.2), shares of its capital stock (other than Stock), or evidences of indebtedness, or 
 (b) UnitedGlobalCom shall at any time grant to the holders of its Stock rights to subscribe pro rata for additional shares thereof or for any other securities of UnitedGlobalCom, or 
 (c) there shall be any other change (except as described in Section 3.2) in the number or kind of outstanding Shares or of any stock or
other securities into which the Stock shall be changed or for which it shall have been exchanged, 
 and if the Board shall in its sole
discretion determine that the event described in subsection (a), (b), or (c) above equitably requires, in order to preserve the benefits intended to be made available, an adjustment in the number or kind of Shares subject to an Option, an
adjustment in the Option Price or the taking of any other action by the Board, including without limitation, the setting aside of any property for delivery to the Participant upon the exercise of an Option or the full vesting of an Option, then such
adjustments shall be made, or other action shall be taken, by the Board, as the Board in its sole discretion shall deem appropriate, and shall be effective for all purposes of the Plan and on each outstanding Option that involves the particular type
of stock for which a change was effected. 
 3.4 No Rights as Stockholder. An Option Holder shall have none of the
rights of a stockholder with respect to the Shares subject to an Option until such Shares are transferred to the Option Holder upon the exercise of such Option. Except as provided in this Article III, no adjustment shall be made for dividends,
rights or other property distributed to stockholders (whether ordinary or extraordinary) for which the record date is prior to the date such Shares are so transferred. 
 3.5 Fractional Shares. No adjustment or substitution provided for in this Article III shall require the Company to issue a fractional share. The total substitution or adjustment with
respect to each Option shall be limited by deleting any fractional share. 
  

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 3.6 Determination by the Board, Etc.. Adjustments under this Article III shall
be made by the Board, whose determinations with regard thereto shall be final and binding. 
 ARTICLE IV 
 CORPORATE REORGANIZATION; CHANGE OF CONTROL 
 4.1 Reorganization. Upon the occurrence of any of the following events, if the notice required by Section 4.2 shall have first been given, the Plan and all Options then outstanding
hereunder shall automatically terminate and be of no further force and effect whatsoever, without the necessity for any additional notice or other action by the Board or the Company: (a) the merger or consolidation of the Company with or into
another corporation (other than a consolidation or merger in which the Company is the continuing corporation and which does not result in any reclassification or change of outstanding shares of Stock); or (b) the sale or conveyance of the
property of the Company as an entirety or substantially as an entirety (other than a sale or conveyance in which the Company continues as a holding company of an entity or entities that conduct the business or businesses formerly conducted by the
Company); or (c) the dissolution or liquidation of the Company. 
 4.2 Required Notice. At least
30 days’ prior written notice of any event described in Section 4.1 shall be given by the Company to each Holder, unless in the case of the events described in clauses (a) or (b) of Section 4.1, the Company, or the
successor or purchaser, as the case may be, shall make adequate provision for the assumption of the outstanding Options or the substitution of new options for the outstanding Options on terms comparable to the outstanding Options, except that the
Holder of each Option then outstanding shall have the right thereafter to purchase the kind and amount of shares of stock or other securities or property or cash receivable upon such merger, consolidation, sale or conveyance by a holder of the
number of shares of Stock that would have been receivable upon exercise of the Option immediately prior to such merger, consolidation, sale or conveyance (assuming such holder of Stock failed to exercise any rights of election and received per share
the kind and amount received per share by a majority of the non-electing shares). The provisions of this Article IV shall similarly apply to successive mergers, consolidations, sales or conveyances. Such notice shall be deemed to have been given
when delivered personally to a Holder or when mailed to a Holder by registered or certified mail, postage prepaid, at such Holder’s address last known to the Company. 
 4.3 Acceleration of Exercisability. Subject to Section 5.5, Holders notified in accordance with Section 4.2 may
exercise their Options at any time before the occurrence of the event requiring the giving of notice (but subject to occurrence of such event), regardless of whether all conditions of exercise relating to length of service as a director have been
satisfied. 
  

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 4.4 Change of Control. If a Change in Control (as defined below) occurs, all
Options shall become exercisable in full, regardless of whether all conditions of exercise relating to continuous service have been satisfied. A “Change in Control” is deemed to have occurred if (a) a person (as such term is used in
Section 13(d) of the Securities Exchange Act of 1934 (the “Exchange Act”)) becomes the beneficial owner (as defined in Rule 13d-3 under the Exchange Act) of shares of the Company or the Company’s successor having 30% or more of
the total number of votes that may be cast for the election of directors of the Company without the prior approval of at least a majority of the members of the Board unaffiliated with such person, or (b) individuals who constitute the directors
of the Company at the beginning of a 24-month period cease to constitute at least two-thirds of all directors at any time during such period, unless the election of any new or replacement directors was approved by a vote of at least a majority of
the members of the Board in office immediately prior to such period and of the new and replacement directors so approved. Notwithstanding anything to the contrary in this Section 4.4, no Option will become exercisable by virtue of the
occurrence of a Change in Control if the Holder of that Option or any group of which that Holder is a member is the person whose acquisition constituted the Change in Control. 
 ARTICLE V 
 GENERAL PROVISIONS

 5.1 Plan Administered by the Board. To the extent this Plan requires or permits administration, the
Board shall be responsible for administration of the Plan. Wherever used in this Plan, the term “Board” shall mean the Board of Directors of the Company and any committee of the Board of Directors of the Company who has been properly
delegated the authority to act on behalf of the entire Board with respect to this Plan under the terms of applicable law. The Board may from time to time adopt such rules and regulations for carrying out the purposes of the Plan as it may deem
proper and in the best interests of the Company. The Board may correct any defect, supply any omission or reconcile any inconsistency in the Plan or in any agreement entered into hereunder in the manner and to the extent it shall deem expedient and
it shall be the sole and final judge of such expediency. No member of the Board shall be liable for any action or determination made in good faith. The determinations, interpretations and other actions of the Board pursuant to the provisions of the
Plan shall be binding and conclusive for all purposes and on all persons. 
 5.2 Expiration. The Plan shall
terminate whenever the Board adopts a resolution to that effect. After termination, no additional Options shall be granted under the Plan, but the Company shall continue to recognize Options previously granted. 
 5.3 Amendments, Etc. The Board may from time to time amend, modify, suspend or terminate the Plan. Nevertheless, no such
amendment, modification, suspension or termination shall impair any Option theretofore granted under the Plan or deprive any Holder of any shares of Stock that he may have acquired through or as a result of the Plan without the consent of the
Holder. The Company shall obtain the approval of stockholders to any amendment or modification of the Plan to the extent required by Rule 16b-3 under the Exchange Act (“Rule 16b-3”) (or any successor applicable rule) or by the listing
requirements of the National Association of Securities Dealers, Inc. or any stock exchange on which the Company’s securities are quoted or listed for trading. 
 5.4 Treatment of Proceeds. Proceeds from the sale of Stock pursuant to Options granted under the Plan shall constitute general funds of the Company. 
  

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 5.5 Effectiveness. This Plan shall be effective on the Effective Date, subject
to approval by the stockholders of the Company in accordance with applicable law and as may be required to meet any applicable requirement of NASDAQ or any stock exchange or any governmental agency. 
 5.6 Fair Market Value. The “Fair Market Value” of a share of Stock shall be the last reported sale price of the
Stock on the NASDAQ National Market System on the day the determination is to be made, or if no sale took place on such day, the average of the closing bid and asked prices of the Stock on the NASDAQ National Market System on such day, or if the
market is closed on such day, the last day prior to the date of determination on which the market was open for the transaction of business, as reported by NASDAQ. If, however, the Stock should be listed or admitted for trading on a national
securities exchange, the Fair Market Value of a share of the Stock shall be the last sales price, or if no sales took place, the average of the closing bid and asked prices on the day the determination is to be made, or if the market is closed on
such day, the last day prior to the date of determination on which the market was open for the transaction of business, as reported in the principal consolidated transaction reporting system for the principal national securities exchange on which
the Stock is listed or admitted for trading. If the Stock is not listed or traded on NASDAQ or on any national securities exchange, the Fair Market Value for purposes of the grant of Options under the Plan shall be determined by the Board in good
faith in its sole discretion. 
 5.7 Section Headings. The Section headings are included herein only for
convenience, and they shall have no effect on the interpretation of the Plan. 
 5.8 Severability. If any article,
section, subsection or specific provision is found to be illegal or invalid for any reason, such illegality or invalidity shall not affect the remaining provisions of the Plan, and the Plan shall be construed and enforced as if such illegal and
invalid provision had never been set forth in the Plan. 
 5.9 Rule 16b-3. This Plan is intended to comply with
the requirements of Rule 16b-3 and any successor applicable rule so that grants under the Plan will not affect the status of non-employee directors as disinterested persons for purposes of Rule 16b-3 and that such grants will otherwise satisfy the
requirements of Rule 16b-3. To the extent the Plan does not conform to such requirements, it shall be deemed amended to so conform without any further action on the part of the Board or stockholders. 
 Amended and Restated January 22, 2004. 
  

			
	UNITEDGLOBALCOM, INC.
	 a Delaware corporation

		
	By:	 	 /s/ Ellen P. Spangler

  

 8Executive Service Agreement, dated December 15, 2004

 Exhibit 10.36 
 Dated 15th December 2004 
 UPC SERVICES LIMITED 
 and 
 CHARLES BRACKEN 
  
  
 EXECUTIVE
SERVICE AGREEMENT 
  
  

 THIS AGREEMENT is made on             ,
2004 
 BETWEEN:- 
  

	(1)	UPC Services Ltd, a Limited liability company duly organised and existing under the laws of England and Wales, whose registered office is at Michelin House, 81
Fulham Road, London, SW3 6RD, United Kingdom (the “Company”); and 

  

	(2)	Charles Bracken of Foxlea Manor, Domeywood Road, Burnham Beeches, Buckinghamshire, SL1 8PS, United Kingdom (the “Executive”).

 THE PARTIES AGREE AS FOLLOWS: 
  

	1	DEFINITIONS 

 In this
agreement unless the context otherwise requires:- 
  

	1.1	“Board” means the Board of Directors for the time being of UnitedGlobalCom, Inc (“UGC”) and includes any committee or nominee of the Board of
Directors duly appointed by it. 

  

	1.2	“Group Company” means any holding company from time to time of the Company or any subsidiary from time to time of the Company or of any such holding
company (other than the Company) (for which purpose “subsidiary” and “holding company” shall have the meanings given to them in Section 736 of the Companies Act 1985). For the purposes of this agreement, chellomedia
(“chellomedia”), a division of UGC Europe, Inc. (“UGC Europe”), United Pan-Europe Communications N.V. (“UPC”) and UGC, are deemed to be within the scope of this definition. 

  

	1.3	“Group” means the Company and the Group Companies. 

  

	1.4	“Supervisor” means the current CEO of UGC or his successor in equivalence. 

  

	2	APPOINTMENT AND NOTICE PERIOD 

  

	2.1	The Company shall engage the Executive and the Executive shall serve the Company as hereinafter provided (the “Appointment”). The Appointment shall
commence on 16 March 2003 and shall, subject to clause 12 and the following provisions of this clause 2.1, continue unless and until terminated by either party giving to the other not less than 6 months previous notice in writing. In addition
to its rights under clause 12, the Company may in its absolute discretion choose to terminate the Appointment at any time and make a payment equivalent to the Executive’s basic salary and benefits (excluding stock appreciation rights) over the
shorter of 6 months and any unexpired period of notice as at the date the Appointment terminates. In such circumstances where the Company has exercised its discretion and made such a payment, any stock appreciation rights of the Executive will
continue to vest after the termination of the Appointment over the shorter of 6 months and any unexpired period of notice as at the date the Appointment terminates. 

  

	2.2	The Executive’s period of continuous employment with the Company began on 15 March 1999. 

  

	2.3	Subject to clause 2.4, if the Company terminates the Appointment, other than in circumstances where clause 12 applies, the Executive shall be entitled to:

  

	 	2.3.1	a payment equivalent to the Executive’s basic salary and benefits over 6 months; and 

  

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	 	2.3.2	a payment equivalent to the Executive’s basic salary and benefits over the shorter of 6 months and any unexpired period, of notice as at the date the Appointment
terminates, except where the Company has made a payment under clause 2.1 or the Appointment has continued for the full six months notice period under clause 2.1. 

  

	2.4	Any payments under clause 2.3 shall be made in full and final settlement of all and any claims arising out of or in connection with the Executive’s employment or
its termination and are conditional upon the Executive (and his legal adviser as necessary) signing a compromise agreement giving effect to this, such agreement to be in a form prepared by the Company and agreed with the Executive (such agreement
not to be unreasonably withheld or delayed). If notwithstanding such agreement the Executive or anyone acting on his behalf brings a claim arising out of or in connection with his employment or its termination the Executive shall repay upon demand
to the Company any payments made under clause 2.3. Such repayment shall be recoverable by the Company as a debt. 

  

	3	DUTIES 

  

	3.1	The Executive shall serve the Company as Co-CFO of UGC and as a director of such companies as his Supervisor shall direct and shall carry out such duties and exercise
such powers in relation to the Company or any Group Company as may from time to time be assigned or vested in him by his Supervisor. During the Appointment the Executive shall well and faithfully serve the Company and use his best endeavours to
promote the interests of the Company. 

  

	3.2	The Executive’s working hours are from 9.00 am to 6.00 pm Monday to Friday plus such additional hours as may be necessary for the proper performance of the
Executive’s duties. 

  

	3.3	The Executive’s normal place of work shall be London. 

  

	3.4	The Executive may be required in pursuance of his duties hereunder:- 

  

	 	(a)	to perform services not only for the Company but also for any Group Company; 

  

	 	(b)	to travel to such places whether in or outside the United Kingdom by such means and on such occasions as the Company may require and in particular to the Netherlands
and the United States of America; 

  

	 	(c)	to make reports to his Supervisor(s) and/or the board of any Group Company on any matters concerning the affairs of the Company or any Group Company as it or they may
reasonably require. 

  

	3.5	Notwithstanding the foregoing or any other provision of this agreement, if notice has been given by either the Company or the Executive under Clause 2.1 the Company
shall not be under any obligation to vest in or assign to the Executive any powers or duties and may at any time require the Executive to per form:- 

  

	 	(a)	all his normal duties; 

  

	 	(b)	a part only of his normal duties and no other duties; 

  

	 	(c)	such duties as it may reasonably require and no others; 

  

	 	(d)	no duties whatever; 

  

 Page 3 of 18 

 and may from time to time suspend or exclude the Executive from the performance of his
duties and/or from all or any premises of the Company without the need to give any reason for so doing but his salary will not cease to be payable (in whole or in part) nor will he cease to be entitled to any other benefits hereunder by reason only
of such requirement as mentioned in paragraphs 3.5(b) to 3.5(d) of this clause or such suspension or exclusion (unless or until his employment under this agreement shall be terminated). 
  

	4	HOLIDAY ENTITLEMENT 

 During the Appointment the Executive shall be entitled to 25 working days’ holiday (in addition to public holidays in England) in each calendar year January to December at full salary to be taken at such time or times as may be
approved by the Executive’s line managers. Holidays can only be carried over to the subsequent year with the prior approval of the Executive’s direct supervisor(s) (and such carry-over shall not exceed 5 days). Upon the termination of the
Appointment either the Executive shall be entitled to receive payment in lieu of accrued holidays not taken at that date (provided that such termination is not pursuant to clause 12) or the Company shall be entitled to make a deduction from the
Executive’s remuneration in respect of holidays taken in excess of the accrued entitlement. 
  

	5	REMUNERATION 

  

	5.1	During the Appointment, as remuneration for his services hereunder, the Executive shall be paid a fixed salary at the rate of £314,650 gross per annum payable in
equal monthly instalments in arrears on or before the last working day of each calendar month. Effective 1 January 2004, the rate will increase to £325,663 gross per annum. 

  

	5.2	The salary shall be reviewed along with the Executive’s performance in each calendar year. There shall be no obligation on the Company to increase the salary. For
the avoidance of any doubt the Company is not entitled to decrease the Executive’s salary. 

  

	5.3	The Executive’s salary and/or any other sums due to him under this agreement shall be subject to such deductions as may be required by law to be made (including,
without limitation, tax and national insurance deductions). The Executive authorises the Company to deduct from his salary and/or any other sums due to him under this agreement any sums due from him to the Company or any Group Company.

  

	5.4	If with effect from 15 March 1999 some or all of the Executive’s salary and/or other sums due to him in the course of his continuous employment with the
Company are subject to any non-UK tax liability (“Foreign Tax”), the Company will pay directly, or reimburse the Executive for any such Foreign Tax, to the extent such Foreign Tax increases the Executive’s taxes over and above that
which he would have paid in the UK had the Executive been taxed solely in the UK. 

 If with effect from
15 March 1999 any business expenses which are paid by the Company on behalf of or reimbursed to the Executive subject the Executive to additional UK tax liability on such business expenses because of work carried on outside the UK then, in such
circumstances, the Company shall pay directly, or reimburse the Executive for, any additional tax and related social security (e.g. National Insurance) cost which is incurred by the Executive in respect of such business expenses. 
 If there is a tax and national insurance liability for the Executive in respect of such reimbursement or payment by the Company under this
clause 5.4, the Company shall reimburse the Executive in respect of such liability, thereby paying him a sum of money which, after tax and national insurance, is equivalent to that liability. 
  

 Page 4 of 18 

	6	EXPENSES/COMPANY EQUIPMENT 

  

	6.1	The Executive shall be entitled to recover all reasonable travelling, hotel and other expenses incurred in connection with the performance of the duties hereunder,
which expenses shall be evidenced in such manner as the Company may specify from time to time and are subject to compliance with the Company’s business expense policy. The Executive agrees to repay to the Company any expenses he owes the
Company. 

  

	6.2	The Executive may be provided equipment to utilise during his employment with the Company and agrees to return such equipment to the Company as and when demanded. The
Executive agrees to repay to the Company any charges for damage done to any equipment (excluding normal wear and tear). In the event any equipment is not returned it will be given a fair market value, which the Executive agrees to repay to the
Company on demand. These repayment obligations are without prejudice to any other legal remedies that the Company may have. 

  

	6.3	The Company reserves the right to make deductions from the Executive’s salary and/or any other sums due to him under this agreement in respect of any sums due to
be repaid by him under clauses 6.1 and 6.2. 

  

	7	PENSIONS 

  

	7.1	Subject to 7.2 the Executive will be eligible to participate in the UPC Services Limited Group Personal Pension Plan, as exists from time to time.

  

	7.2	Contributions by the Company will be in compliance with the Company’s policy on pensions contributions as amended from time to time. 

  

	8	BENEFITS/COMPANY CAR 

  

	8.1	The Executive and his family are entitled to become members of the Company’s Private Medical Insurance scheme and Dental Insurance Scheme subject to the rules of
the schemes as amended from time to time provided that, as far as is reasonably practicable, the current level of benefit shall not be decreased materially. For the Medical Insurance Scheme, all monthly premiums will be borne by the Company. With
regards to the Dental Insurance Scheme, only the monthly premiums for the Executive will be borne by the Company. Full details of the schemes are available from Human Resources. 

  

	8.2	The Executive may participate in the Company’s Permanent Health Insurance scheme subject to the rules of the scheme as amended from time to time provided that, as
far as is reasonably practicable, the current level of benefit shall not be decreased materially. Full details of the scheme are available from Human Resources. 

  

	8.3	The Company will provide the Executive with group life assurance cover, subject to the rules of the scheme as amended from time to time provided that, as far as is
reasonably practicable, the current level of benefit shall not be decreased materially. Full details of the scheme are available from Human Resources. 

  

	8.4	Subject to any terms and conditions of the Company’s car policy as may be amended from time to time, to assist the Executive in the performance of his duties the
Company shall during the Appointment provide the Executive with a car allowance appropriate to his level payable monthly in arrears (subject to such deductions as may be required by law to be made (including without limitation, tax and national
insurance deductions)). 

  

 Page 5 of 18 

	9	CONFIDENTIAL INFORMATION/TRADE SECRETS/NON-COMPETITION 

 The Executive shall be subject to the Company’s policy in respect of confidential information and trade secrets and non-competition as set out in Schedule 1 attached. 
  

	10	INVENTIONS AND CREATIVE WORKS 

  

	10.1	The Executive acknowledges that because of the nature of his duties and the particular responsibilities arising as a result of such duties which he owes to the Company
and the Group Companies he has a special obligation to further the interests of the Company and the Group Companies. In particular the duties of the Executive may include reviewing the products and services of the Company and Group Companies with a
view to improving them by new and/or original ideas and inventions and implementing such improvements. 

  

	10.2	The Executive shall promptly disclose to the Company any idea, invention or work which is relevant to or capable of use in the business of the Company or any of the
Group Companies made by the Executive in the course of his employment whether or not in the course of his duties. The Executive acknowledges that the intellectual property rights subsisting or which may in the future subsist in any such ideas,
inventions or works created by him in the course of his employment will, on creation, vest in and be the exclusive property of the Company and where the same does not automatically vest as aforesaid, the Executive shall assign the same to the
Company (upon the request and at the cost of the Company). The Executive hereby irrevocably waives any rights which he may have in any such ideas, inventions or works which are or have been conferred upon him by chapter IV of part I of the
Copyright, Designs and Patents Act 1988 headed “Moral Rights”. 

  

	10.3	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 the provisions of this clause 10 and acknowledges in favour of any third party that a certificate in writing signed by any Director or Secretary of the Company
that any instrument or act falls within the authority hereby conferred shall be conclusive evidence that such is the case. 

  

	11	CODE OF BUSINESS CONDUCT 

 The Executive shall be subject to the Company’s Code of Business Conduct issued by the Company to him from time to time, the current version of which is set out in Schedule 2. 
  

	12	TERMINATION BY EVENTS OF DEFAULT 

  

	12.1	The Appointment shall be subject to summary termination at any time by the Company by notice in writing if the Executive shall:- 

  

	 	(a)	have committed any serious breach or (after warning in writing) any repeated or continued material breach of the obligations hereunder; or 

  

	 	(b)	have committed an act of gross misconduct in connection with the performance of his duties, as determined by the Board, or have demonstrated habitual negligence in the
performance of his duties, as determined by the Board; or 

  

	 	(c)	shall have been guilty of any act of dishonesty or serious misconduct or any conduct which in the reasonable opinion of the Board tends to bring the Executive, the
Company or any of the Group Companies into disrepute including but not limited to any serious breach of the Company’s Code of Business Conduct as set out in Schedule 2; or 

  

 Page 6 of 18 

	 	(d)	be convicted of any criminal offence (excluding an offence under the road traffic legislation in the United Kingdom or elsewhere for which the Executive is not
sentenced to any term of imprisonment, whether suspended or not); or 

  

	 	(e)	be incapacitated during the Appointment by ill-health or accident from performing his duties hereunder for an aggregate of 130 working days or more in any period of 12
months provided that this clause 12.1(e) shall not apply if using it would deprive the Executive of any permanent health insurance benefits under Clause 8.2. 

  

	12.2	Any delay by the Company in exercising such right to termination shall not constitute a waiver thereof provided such delay does not extend beyond 12 months.

  

	13	INCAPACITY 

  

	13.1	If the Executive shall be incapacitated during the Appointment by ill-health or accident from performing his duties hereunder for an aggregate of 130 working days or
more in any period of 12 months the Company may by written notice to the Executive forthwith (or as from a future date specified in the notice) discontinue payment in whole or part of the remuneration and benefits under this Agreement until such
incapacity shall cease or (whether or not his remuneration and benefits shall have been discontinued as aforesaid) terminate pursuant to clause 12.1 (e) the Appointment provided that the Company shall, except where the Appointment has been
terminated, take all reasonable steps to ensure that the Executive receives benefits pursuant to clauses 8.1, 8.2 and 8.3. Subject as aforesaid the said remuneration and benefits shall continue to be payable to the Executive notwithstanding such
incapacity, but the Company shall be entitled to set off or deduct there from the amount of any sickness or other benefit to which the Executive is entitled under Social Security legislation for the time being in force. If requested by the Company,
doctor’s certificates must be obtained for any period of incapacity due to sickness or injury of more than 7 days (including weekends). 

  

	13.2	It is a condition of the Executive’s employment that the Executive consents to an examination by a doctor nominated by the Company should the Company so require.

  

	13.3	If the Executive’s absence shall be occasioned by the actionable negligence of a third party in respect of which damages are recoverable, then all sums paid by the
Company to the Executive under this clause 13 shall be reimbursed by the Executive as follows: Executive shall: 

  

	 	(a)	immediately notify the Company of all the relevant circumstances and of any claim, compromise, settlement or judgment made or awarded in connection therewith;

  

	 	(b)	if the Company so requires, refund to the Company such sum as the Company may determine, not exceeding the lesser of: 

  

	 	(i)	the amount of damages recovered by the Executive under any compromise settlement or judgment; and 

  

	 	(ii)	the sums advanced to the Executive by the Company in respect of the period of incapacity. 

  

	14	OBLIGATIONS UPON TERMINATION 

 Upon the termination of the Appointment howsoever arising the Executive shall:- 
  

 Page 7 of 18 

	14.1	at any time or from time to time thereafter upon the request of the Company, resign without claim for compensation from:- 

  

	 	(a)	all offices held in the Company or any of the Group Companies; and 

  

	 	(b)	membership of any organisation and any office in any other company acquired by reason of or in connection with the Appointment; 

 and should he fail to do so the Company is hereby irrevocably appointed to be the Executive’s Attorney in his name and on his behalf to
execute any documents and to do any things necessary or requisite to give effect to this clause; and 
  

	14.2	deliver to the Company all documents (including, but not limited to, correspondence, lists of clients or customers, notes, memoranda, plans, drawings and other
documents of whatsoever nature and all copies thereof) made or compiled or acquired by the Executive during the Appointment and concerning the business, finances or affairs of the Company or any of the Group Companies or customers together with all
other property of or relating to the business of the Company or any of the Group Companies which may be in the Executive’s possession or under the Executive’s power or control. 

  

	15	RECONSTRUCTION AND AMALGAMATION 

 If at any time the Executive’s employment is terminated in connection with any reconstruction or amalgamation of the Company or any of the Group Companies whether by winding up or otherwise and the Executive receives an offer on terms
which (considered in their entirety) are not less favourable to any material extent than the terms of this agreement from a company involved in or resulting from such reconstruction or amalgamation the Executive shall have no claim whatsoever
against the Company or any such company arising out of or connected with such termination. 
  

	16	NOTICES 

 Any notice to be
given hereunder shall be in writing. Notices may be given by either party by personal delivery or post or by fax addressed to the other party at (in the case of the Company) its registered office for the time being and (in the case of the Executive)
his last known address and any such notice given by letter or fax shall be deemed to have been served at the time at which the letter was delivered personally or transmitted or if sent by post would be delivered in the ordinary course of first class
post. 
  

	17	PREVIOUS CONTRACTS 

  

	17.1	This agreement is in substitution for any previous contract of service between the Company or any of the Group Companies and the Executive which shall be deemed to have
been terminated by mutual consent as from the commencement of the Appointment (including, for the avoidance of any doubt, the Executive Service Agreement between United Pan-Europe Communications NV and the Executive dated 5 March 1999 and
furthermore the letter of transfer to UPC Services Limited dated 4 April 2002, which shall be deemed to have been terminated by mutual consent as from the commencement of the Appointment and not terminated in the circumstances referred in
Clause 2.3 of that agreement). 

  

	17.2	The Executive hereby warrants and represents to the Company that he will not, in entering into this agreement or carrying out his duties hereunder, be in breach of any
terms of employment whether express or implied or any other obligation binding upon him. 

  

 Page 8 of 18 

	18	PROPER LAW 

 This
agreement shall be governed and construed in all respects in accordance with English law. 
  

	19	CONSTRUCTION 

  

	19.1	The headings in this agreement are inserted for convenience only and shall not affect its construction. 

  

	19.2	Any reference to a statutory provision shall be construed as a reference to any statutory modification or re-enactment thereof (whether before or after the date hereof)
for the time being in force. 

  

	20	STATUTORY INFORMATION, POLICIES AND SCHEDULES 

  

	20.1	This agreement constitutes a written statement as at the date hereof of the terms of employment of the Executive in compliance with the provisions of the Employment
Rights Act 1996. 

  

	20.2	There are no collective agreements applicable to the Executive. 

  

	20.3	The Executive will observe such rules, regulations and policies relating to the grievance and disciplinary procedure as the Company may from time to time notify to the
Executive. 

  

	20.4	If the Executive is dissatisfied with any disciplinary decision relating to him he should apply orally or in writing to his Supervisor. Any application for the purpose
of seeking redress of any grievance relating to the Executive’s employment should be made either orally or in writing to his Supervisor. 

  

	20.5	The Executive shall comply with all of the Company’s rules, regulations and policies in force from time to time. 

  

	20.6	This agreement together with Schedules 1 and 2 constitute the entire agreement between the Executive and the Company. 

  

	21	DATA PROTECTION 

 The
Executive consents to the Company or any Group Company holding and processing both electronically and in hard copy form any personal and sensitive data relating to the Executive for the purposes of Executive-related administration, processing the
Executive’s file and management of its business, for compliance with applicable procedures, laws and regulations and for providing data to external suppliers who administer the Executive’s benefits solely for the purpose of providing the
Executive with those benefits. It may also be necessary for the Company to forward such personal and sensitive information to other offices it may have or to another Group Company outside the European Economic Area where such a company has offices
for storage and processing for administrative purposes and the Executive consents to the Company doing so as may be necessary from time to time. 
  

 Page 9 of 18 

 IN WITNESS whereof this agreement has been executed on the date stated on the first page of this
agreement. 
  

									
	Signed as a deed by the said	 	)	 	
 

	 	
	CHARLES BRACKEN	 	)	 	 	
	in the presence of:-	 	/s/ Angela McMullen	 	)	 	 	
		 	Angela McMullen	 		 	 	
					
	Signed by	 	Ton Tuijten	 	)	 	

	 	
	Duly authorised for and on behalf of	 	)	 	 	
	UPC SERVICES LIMITED	 	)	 	 	
	in the presence of:-	 	/s/ Neil Foulger	 	)	 	 	
		 	Neil Foulger	 		 	 	

  

 Page 10 of 18 

 SCHEDULE 1 
 TRADE SECRETS, CONFIDENTIAL INFORMATION AND NON-COMPETITION 
 During the Appointment, the
Executive will acquire knowledge of confidential and propriety information regarding, among other things, the Company’s and the Group’s present and future operations, its customers and suppliers, pricing and bidding strategies, and the
methods used by the Company and its Executives. 
 Therefore, the Executive hereby agrees to the following: 
  

	A.	During the Appointment and after the termination of the Appointment the Executive will hold in a fiduciary capacity for the benefit of the Company, and shall not
directly or indirectly use or disclose any Trade Secret, as defined below, that the Executive may acquire during the Appointment for so long as such information remains a trade secret. The term “Trade Secret” as used in this
agreement shall mean information including, but not limited to, technical or non-technical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, financial data, financial plans, product plans or
a list of actual or potential customers or suppliers which: 

  

	 	(1)	derives economic value, actual or potential from not being generally known to, and not being readily ascertainable by proper means by other persons who can obtain
economic value from its disclosure or use; and 

  

	 	(2)	is the subject of reasonable efforts by the Company or its Group to maintain its confidentiality. 

  

	B.	In addition to A above and not in limitation thereof, the Executive agrees that, during the Appointment and for a period of 2 years after termination, the Executive
will hold in a fiduciary capacity for the benefit of the Company and the Group, and shall not directly or indirectly use or disclose, any Confidential or Proprietary information, as defined below, that the Executive may have acquired (whether or not
developed or compiled by the Executive and whether or not the Executive was authorised to have access to such information) during the term of, in the course of or as a result of the Appointment. The term “Confidential or Proprietary
Information” as used in this agreement means any secret, confidential, or proprietary information of the Company not otherwise included in the definition of “Trade Secret” above and does not include information that has become
generally available to the public by the act of one who has the right to disclose such information without violating any right of the client to which such information pertains. 

  

	C.	1.        In this Section C 

  

	 	1.1	“Restricted Business” means those of the businesses of the Company and any Group Company at the time of the termination of the Appointment with which
the Executive was involved to a material extent during the period of 12 months ending on the date of the termination of the Appointment; 

  

	 	1.2	“Restricted Customer” means any firm, company or other person who, during the period of 12 months ending on the date of the termination of the
Appointment, was a customer of or in the habit of dealing with the Company or any Group Company and with whom the Executive had contact or about whom the Executive became aware or informed in the course of the Appointment; and

  

	 	1.3	“Restricted Executive” means any person who, at the date of the termination of the Appointment, either:- 

  

	 	(a)	was employed by the Company or any Group Company at a level at least equal to the Executive and was a person with whom the Executive had material contact; or

  

 Page 11 of 18 

	 	(b)	was employed by the Company or any Group Company and reported to the Executive directly or indirectly at any time during the 12 months prior to the termination of the
Appointment. 

  

	 	2.	The Executive will not, for a period of 6 months after the termination of the Appointment, solicit or endeavour to entice away from the Company or any Group Company the
business or custom of a Restricted Customer with a view to providing goods or services to that Restricted Customer in competition with any Restricted Business. 

  

	 	3.	The Executive will not, for a period of 6 months after the termination of the Appointment, provide goods or services to or otherwise have any business dealings with any
Restricted Customer in the course of any business concern which is in competition with any Restricted Business. 

  

	 	4.	The Executive will not, for a period of 6 months after the termination of the Appointment, in the course of any business concern which is in competition with any
Restricted Business solicit or endeavour to entice away from the Company or any Group Company any Restricted Executive or employ or otherwise engage the services of, whether as Executive, consultant, or otherwise, any Restricted Executive.

  

	 	5.	The obligations imposed on the Executive by this Section C extend to the Executive acting not only on the Executive’s own account but also on behalf of any other
firm, company or other person and shall apply whether the Executive acts directly or indirectly. 

  

	D.	The covenants contained in this Schedule shall inure to the benefit of the Company, and successor of it and every Group Company. 

  

 Page 12 of 18 

 SCHEDULE 2 
 UNITEDGLOBALCOM, INC. GROUP OF COMPANIES 
 Code of Business
Conduct for All Employees 
 Amended and Restated March 11, 2004 
 Introduction 
 UnitedGlobalCom, Inc. (the
“Company”), is committed to conducting its business with honesty and integrity. This Code of Business Conduct (this “Code”) is designed to fulfill this mandate. It is also intended to help each of us focus on the duty we owe to
each other, to the Company’s stockholders and to others with whom we do business to conduct ourselves honestly and ethically. 
 This Code
applies to each of the Company’s and to all other companies in which the Company directly or indirectly owns and has the right to vote shares or other interests representing more than 50% of the voting power of such companies (the
“Controlled Companies”) with respect to the election of directors or similar officials, and to the directors, officers and employees thereof (referred to collectively as “employees”). Notwithstanding the foregoing, unless
otherwise determined by the Board of Directors, this Code does not apply to (i) any Controlled Company and its employees if the Controlled Company is an “issuer” as defined in Section 2(a)(7) of the Sarbanes-Oxley Act of 2002
(generally, a company that files disclosure documents with the Securities and Exchange Commission), or (ii) any other Controlled Company that is excluded from the application of the Code by the Board of Directors; provided, however, that such
Controlled Company has its own Code of Business Conduct, which has been approved by its board of directors. A violation of the standards contained in this Code will result in disciplinary action, up to and including possible dismissal. 

Company Assets 
 Company assets should be
safeguarded and used for Company business only, except for limited personal use approved by your supervisor that does not interfere with Company use. This includes protection of the Company’s physical facilities, office equipment (for example,
all computer-related equipment, furniture and supplies), computer software, records, intellectual property rights and third party information. We also must safeguard the Company’s trademarks and other proprietary information, as discussed in
the section “Confidential Information.” 
 Compliance with Laws 
 In conducting our business, the Company and every employee must obey and comply with applicable laws, rules and regulations. It is your job to be aware of those rules and to comply with the legal
requirements affecting you and your job. 
 You may learn information about the Company or companies with whom we do business that is
unavailable to the public. Such information may be “insider information” within the meaning of the U.S. federal securities laws. As provided in the Company’s policy on trading in Company securities, you may not use inside information
when making personal investment decisions or investment decisions for others regarding our stock or the stock of companies with whom we do business. In addition, you may not pass insider information on to persons outside the Company. This includes
family and friends. 
  

 Page 13 of 18 

 If you have any questions regarding compliance with these laws and principles, please call a member of the
Company’s Legal Department immediately. Remember that compliance with this Code is your responsibility. 
 Confidential Information

 You shall not, during or after your employment, disclose to or use for the benefit of any person or entity other than the Company, any Company
confidential information that you develop or receive during employment. “Confidential information” refers to information that is not available to the public. For example, Company confidential information includes: 
  

	 	•	 	 trade secrets, research and development information, product and marketing plans; 

  

	 	•	 	 personnel data, financial data, product and service specifications, prototypes, software, models, business planning models, customer lists;

  

	 	•	 	 information relating to current and future business plans, strategies and methods, divestitures, mergers, acquisitions and marketing and sales plans
and data; 

  

	 	•	 	 technical and engineering information; and 

  

	 	•	 	 other information relating to the Company, its subsidiaries or its customers. 

 If you are unsure about the confidential nature of specific information you must ask your supervisor or a member of the Company’s Legal Department for
clarification. You must return to the Company all Company confidential information when their employment ends. 
 You should use reasonable care
to protect the confidentiality of all Company confidential information, and should not disclose Company confidential information to unauthorized persons. This means that you should exercise care when discussing Company matters in the presence of
third parties, and should contact the Company’s Legal Department before disclosing Company confidential information to a third party. Company confidential information should never be disclosed for personal profit or for the advantage of
yourself or anyone else. 
 Also, you should not accept any confidential information from any third party without approval of his/her supervisor
or a member of the Company’s Legal Department. If you have third party confidential information, you must take care to observe the terms of any agreement under which such confidential information has been received from the third party, and not
to violate the rights of the third party. Particular care should be taken when dealing with competitors and former employees. You must never knowingly request, accept, use or disclose the confidential information of these parties unless you have
consulted with your supervisor or a member of the Company’s Legal Department. In addition, you may not disclose, or induce any other employee to disclose, any former employer’s confidential information, or ask a third party to violate a
non-compete or non-disclosure agreement. 
 You will be subject to appropriate disciplinary action, up to and including dismissal, for knowingly
or unknowingly (such as through casual conversation) revealing confidential information of the Company or of a third party. 
 Conflicts of
Interest 
 You must avoid any situation that involves or may involve a conflict between your personal interest and the interest of the Company.
A conflict of interest occurs when personal interests interfere with your ability to (i) exercise good judgment concerning the Company’s best interests or (ii) do your job at the Company in a way that is in the best interest of the
Company. You may not use Company property, information or position for personal gain, including by taking for yourself personal opportunities that are discovered through the use of Company property, information or position. You must make prompt and
full disclosure in writing to senior management of any potential conflict of interest situation and receive written approval from senior management regarding the situation. You should avoid even the appearance of such a conflict. 
  

 Page 14 of 18 

 Examples of conflict situations include: 
  

	 	•	 	 Ownership, directly or indirectly (including through family members), of more than a modest financial interest in any outside entity that does or seeks
to do business with the Company or a competitor of the Company. 

  

	 	•	 	 Serving as a director, officer, partner, consultant, or in a managerial or technical capacity with an outside entity that does or is seeking to do
business with the Company or a competitor of the Company. 

  

	 	•	 	 Acting as a broker, finder, go-between or otherwise for the benefit of a third party in transactions involving or potentially involving the Company or
its interests. 

  

	 	•	 	 Buying or selling assets to/from the Company. 

  

	 	•	 	 Using Company-owned assets for other than Company-related business. 

  

	 	•	 	 Business relationships between the Company and any person who is a relative or personal friend or an entity controlled by any such person.

  

	 	•	 	 Compete or prepare to compete with the Company while still employed by the Company. 

 There are other situations in which a conflict of interest may arise. If you have any question regarding whether a type of action may create a conflict of
interest situation, you should consult a member of the Company’s Legal Department. Also, if you become aware of any material transaction or relationship that could reasonably be expected to give rise to such a conflict of interest, or if you
have concerns about any situation, follow the steps outlined in the section “Reporting Ethical Violations.” 
 Fraudulent Activities

 Fraudulent Activities encompass an array of irregularities and illegal acts characterized by intentional deception. Fraud can be perpetrated
by persons outside as well as inside the Company. No one has the authority to commit illegal acts related to the Company. Fraudulent activities include acts that are not only a detriment to the Company, but also a detriment to third parties.
Engaging in any act that involves fraud, theft, embezzlement or misappropriation of any property, including that of the Company, or any of its employees, suppliers or customers is strictly prohibited. It is the Company’s policy to ensure that
incidents of fraud related to the Company are promptly investigated, reported and, where appropriate, prosecuted. Some examples of fraudulent conduct are: 
  

	 	•	 	 Falsification of financial records such as valuation of transactions, amount of income/loss, or failure to disclose financial information;

  

	 	•	 	 Acceptance of bribes or kickbacks, sec the Section “Gifts, Entertainment and Bribes”; 

  

	 	•	 	 Diversion of potentially profitable transactions outside the Company; 

  

	 	•	 	 Claims submitted for services or goods not actually provided to the Company or a third party; 

  

	 	•	 	 Embezzlement; and 

  

	 	•	 	 Intentional concealment or misrepresentation of events or information, including expense reimbursement. 

 Work Conduct 
 Conduct that interferes with
operations of the Company, discredits the Company, or is offensive to third parties or coworkers will not be tolerated. You are expected to observe the highest standard of conduct in your relationships with other employees, shareholders, suppliers,
government officials and the general public in order to represent the best interests of the Company. Appropriate employee conduct includes: 
  

	 	•	 	 Refraining from behavior or conduct which is contrary to the Company’s best interests; 

  

	 	•	 	 Reporting to management suspicious, unethical, or illegal conduct by coworkers or suppliers; and 

  

	 	•	 	 Reporting to management any threatening or potentially violent behavior by coworkers. 

  

 Page 15 of 18 

 The following conduct is prohibited and individuals engaged in it will be subject to discipline, up to and
including possible termination: 
  

	 	•	 	 Engaging in or threatening any acts in violation of the Workplace Violence Policy or the Harassment Policy. 

  

	 	•	 	 Committing any illegal act, except minor traffic offenses. 

  

	 	•	 	 Being under the influence of alcohol, an intoxicant, illegal drug or narcotic while at work; having possession of, selling, giving or circulating
alcohol, drugs or sources of drugs, intoxicants or narcotics to other employees. Moderate alcohol consumption at events provided by the Company is, however, permissible. 

  

	 	•	 	 Stealing, destroying, defacing, or misusing Company property or another employee’s property; 

  

	 	•	 	 Misusing Company communications systems, including electronic mail, computers, Internet access, and telephones. Misuse includes excessive personal
telephone calls or emails. See Internet and E-mail Policy. 

  

	 	•	 	 Disobedience or insubordination, or the use of abusive, threatening, or obscene language. 

  

	 	•	 	 Failing to comply with any Company policy. 

 The examples of prohibited behavior described above are not intended to be an all-inclusive list. Employees who participate in any conduct that is in violation of this Code shall be subject to
disciplinary action, up to and including possible termination. In addition, if the conduct in question is an illegal act, such as fraud, the Company will report and, where appropriate, prosecute the employee to the fullest extent permitted by law.

 Gifts, Entertainment and Bribes 
 The Company expects you to conduct the Company’s business with integrity and to comply with all applicable laws in a manner that excludes considerations of personal advantage or gain. Employees shall maintain the highest ethical
standards in the conduct of Company affairs. 
  

	 	•	 	 Other than for modest gifts given or received in the normal course of business (including travel or entertainment), neither you nor your relatives may
give gifts to, or receive gifts from, the persons doing business with the Company. Other gifts may be given or accepted only with prior approval of your senior management. In no event should you put the Company or yourself in a position that would
be embarrassing if the gift was made public. 

  

	 	•	 	 No gifts or business entertainment of any kind may be given to any government official without the prior approval of the Company’s Legal
Department. For such approval to be given, the gift must be in compliance with this Code and not in violation of the Company’s Foreign Corrupt Practices Policy. 

  

	 	•	 	 Appropriate business entertainment in connection with business discussions or the development of business relationships is generally acceptable. Such
entertainment may include business-related meals and trips, refreshments before and after business meetings and tickets to sporting, theatrical or cultural events. Notwithstanding the foregoing, any entertainment that would cause a feeling or
expectation of personal obligation should not be extended or accepted. 

  

	 	•	 	 If an employee has any question regarding the type of gift or entertainment to be given or received, he or she should consult with a member of the
Company’s Legal Department. 

  

	 	•	 	 Reimbursement for gifts and entertainment will be made in accordance with the Company’s business expense policy. 

 Any employee who pays or receives bribes or kickbacks will be subject to disciplinary action, which may include being immediately terminated and reported,
as warranted, to the appropriate authorities. A kickback or bribe includes any item intended to improperly obtain favorable treatment. 
  

 Page 16 of 18 

 Political Contributions 
 No Company funds may be given directly to political candidates. You may, however, engage in political activity with your own resources on your own time. 
 Reporting Ethical Violations 
 If you become aware
of a suspected ethical violation, whether before or after it has occurred, you must promptly report it to a member of the Company’s Legal Department in the country in which you are located. If you still are concerned after speaking with the
Company’s Legal Department or feel uncomfortable speaking with such person (for whatever reason), you may contact the Chief Financial Officer, President or Chief Executive Officer. You have the Company’s commitment that you will be
protected from retaliation as stated in the Company’s non-retaliation policy. 
 Report of ethical violations will be kept confidential to
the extent possible, consistent with the Company’s need to investigate and take action regarding the matter. Employees are also expected to keep information regarding such matters confidential and understand that they are expected to fully
cooperate with any such investigation. 
 Waivers 
 Under appropriate circumstances, the Company may waive application of this Code to certain otherwise prohibited conduct. A waiver must be requested in advance and in writing, and the request must describe
the contemplated conduct for which the waiver is sought and why a waiver would be appropriate under the circumstances. 
 If you are a director
or executive officer, a waiver request must be directed to the independent members of the Board of Directors. The waiver may be granted only by a vote of such Board members following a determination by the Legal Department that a waiver is
appropriate under the circumstances. The reasons for granting the waiver should be recorded in the minutes of the meeting at which it was granted and the waiver must be accompanied by appropriate controls designed to protect the Company. 

If you are not a director or executive officer, a waiver request must be directed to the Legal Department. The waiver may be granted only following a
determination by the Legal Department that the waiver is appropriate under the circumstances and accompanied by appropriate controls designed to protect the Company. 
 The Company will post on its web site for a period of at least 12 months a description of any changes to, amendments or waivers of this Code applicable to directors or executive officers. Implicit waivers
due to inaction by Company management with respect to reported or known Code violations shall be similarly disclosed. 
 Conclusion 

Each employee is responsible for safeguarding and promoting the Company’s ethics and business reputation. Of course, doing the right thing is not
always easy. Many situations will involve subtleties and complexities that lead to difficult choices. When in doubt, take a step back to ask yourself whether the situation feels right, and consider whether you feel confident that your actions would
withstand scrutiny. If necessary, take another careful look at this Code for guidance and seek advice from a supervisor or other colleague. Your actions should not have even the appearance of impropriety. You should be able to feel comfortable that
your actions would not embarrass yourself, your colleagues or the Company’s stockholders should it turn out that your conduct becomes “front page” news. 
  

 Page 17 of 18 

 If you are uncertain about a contemplated course of action or have questions about this Code, you should
raise the issue with a member of the Company’s Legal Department or another member of senior management with whom you feel comfortable. If you still are uncomfortable, please follow the steps outlined above in the section “Reporting Ethical
Violations.” 
 Any employee who ignores or violates any provision of this Code, and any manager who penalizes a subordinate for trying to
follow this Code, will be subject to corrective action, up to and including possible termination. Simply put, the Company seeks to employ people who believe that honest and ethical behavior is not only good business, but also the right thing to do
personally. 
 This Code will be posted to the Company’s website at www.unitedglobal.com, and will be filed as an exhibit to the
Company’s annual report on Form 10-K. 
 UnitedGlobalCom, Inc. reserves the right to amend or cancel this Policy at any
time. 
  

 Page 18 of 18

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