Document:

Service Agreement of Mr Dennis Millard

 Exhibit 4.2 - Service Agreement of D H Millard 
  
 THIS AGREEMENT is made this 19th day of February 2004 BETWEEN 
  
 (1) COOKSON GROUP plc whose registered office is at 265 Strand, London WC2R 1DB, hereinafter
called “the Company” (which expression shall include successors and assigns of the Company unless the context requires otherwise) of the one part; and 
  

(2) DENNIS HENRY MILLARD of Kingscote, Binfield Road, Nr Wokingham, Berkshire RG11 5PP (hereinafter called “the Employee”) of the other part. 
  
 WHEREAS the Company wishes to obtain and the Employee wishes to render his services upon the
terms and conditions hereinafter contained, NOW IT IS HEREBY AGREED AND DECLARED as follows:- 
  
 1 DEFINITIONS 
  
 For the purposes of this Agreement:- 
  
 (a) The expression “Associated Company” means (i) any company which is a subsidiary of the Company or a subsidiary of such subsidiary or (ii) a company having
an ordinary share capital of which not less than 20 per cent. is owned directly or indirectly by the Company (applying the provisions of Section 838 of the Income and Corporation Taxes Act 1988 in the determination of ownership) or (iii) a holding
company of the Company or a subsidiary of any such holding company. 
  
 (b) The
expressions “subsidiary” and “holding company” have the meanings ascribed thereto in Section 736 of the Companies Act 1985 as amended by the Companies Act 1989. 
  
 (c) The expression “the Company” shall unless the context otherwise requires include any person acting on behalf of the Company
within his proper authority. 
  
 (d) The expression “the Plan” shall
mean the Senior Executive Members Section of the Cookson Group Pension Plan (formerly the 1971 Pension and Life Assurance Scheme for Senior Executives). 
  
 2 EFFECTIVE DATE 
  
 This Agreement shall take effect on the date of signature by the Company and the Employee. The parties acknowledge the Employee’s continuous employment since 1 March
1996. 
  
 3 DUTIES 
  
 The Employee is appointed to act 
  
 (a) as an executive director of the Company; 
  

 1 

 (b) as Finance Director of the Company; 
  
 and in such other capacity with the Company or any other Associated Company as the Company may reasonably require from time to time and
which is consistent with his position. The Employee may be required in pursuance of his duties hereunder to perform services not only for the Company but also for any of its associated companies without further remuneration. 
  
 The Employee acknowledges that as a director of the Company he will as part of his duties be
expected to take part in the overall management of the Company and its associated companies. 
  
 The Employee will be based at 265 Strand, London or at such other location within the Greater London area as the Company shall determine from time to time as its head office, or at such other location as the Company
may require (which location shall be one which in the Company’s reasonable opinion is within reasonable travelling distance of the Employee’s home address at the time of the change). 
  
 4 REMUNERATION 
  
 (a) Subject to sub-clause (b) of this Clause, the Employee shall be paid by the Company in
respect of his duties performed under this Agreement a salary of £350,000 per annum (“Base Salary”) payable in arrears net of appropriate statutory deductions and in twelve equal monthly instalments, except for payments in respect of
any final periods of less than one month, which shall be pro-rated. The Employee’s Base Salary shall be reviewed and, if appropriate, increased in accordance with policies approved from time to time by the Remuneration Committee or such other
body approved by the Board of Directors of the Company. 
  
 (b) In the event that
the Employee by reason of his sickness or injury is absent from work and unable to perform his duties under this Agreement: 
  
 (i) for any period of more than two weeks, the Company, following advance consultation with the Employee, may make alternative arrangements for the Employee’s
essential duties to be performed pending his return; and 
  
 (ii) subject to
Clause 4(b)(iv) and subject to prompt provision by the Employee of medical evidence acceptable to the Company establishing such inability, the Company shall pay him his Base Salary at the full rate and provide all benefits under Clause 4(c) for up
to fifty-two weeks, provided that the Company shall be entitled to deduct from the remuneration of the Employee an amount equal to any income benefit which the Employee is entitled to claim by reasons of his illness or incapacity under the National
Insurance Scheme for the time being in force; and 
  
 (iii) if such absence and
inability to work continues for more than fifty-two weeks from the start of the period of long term sickness, all entitlement to Base Salary and to benefits under Clause 4(c) shall cease, with the exception of benefits provided through the Plan
under Clause 4(c)(iii). In such event, the Employee must apply with effect from the fifty-third week after the start of the period of long term sickness for payment of benefits under the Cookson Group plc Permanent Health Insurance Policy (the
“Policy”), subject at 

  

 2 

 
all times to the terms of the Policy as amended from time to time. For the avoidance of doubt, if the Policy provider refuses for any reason to provide any
such benefits to the Employee, the Company shall not be liable to provide any such benefits itself or any compensation in lieu thereof and the Employee shall apply for ill health early retirement under the Plan. While the Employee remains in
employment and in receipt of benefits from the Policy, he may remain a member of the Plan, subject to the Plan rules, and subject to Inland Revenue rules applicable from time to time. If, however, the Employee remains in such receipt until age 62,
Clause 9(b) shall not apply, but on retirement at age 62 he shall receive benefits under Clause 9(j)and in accordance with the rules of the Plan but ignoring any restrictions arising from the earnings cap; but 
  
 (iv) if such absence is for a period in excess of twenty-six weeks during any period of
fifty-two consecutive weeks and the nature of the sickness or injury is such that he would not be eligible to receive benefits under the terms of the Policy, the Company shall have the right at any time within thirteen weeks after the expiry of the
last of the twenty-six weeks on written notice to the Employee and on payment to him of six months’ salary (less such statutory deductions e.g. for tax and national insurance as the Company is obliged by law to make) and the replacement costs
to the Employee of six months’ benefits under Clause 4(c) to determine his service forthwith. 
  
 (c) Subject to Clause 4(b), during the continuance of the employment under this Agreement, the Employee shall be entitled to the following additional benefits all of which are provided as at the date of this
Agreement:- 
  
 (i) The Employee shall be provided with a cash car allowance.

  
 (ii) The Company shall provide the Employee, his spouse and dependent children
with private medical cover at the rate for employees of his status in accordance with the Company’s policy regarding such insurance and the rules of the relevant scheme from time to time. 
  
 (iii) The Company shall provide either directly, or in part through the Plan (and if so,
subject to the rules of the Plan), life assurance cover equal to 3.5 times the Employee’s Pensionable Salary within the meaning of Clause 9(a)(iv). 
  
 (iv) The Company shall pay the Employee’s annual membership fees in respect of such business clubs as it shall approve and shall in addition pay the annual
membership fees in respect of one private club approved by it. 
  
 (v) The Company
shall invite the Employee to participate in such Cookson Group performance incentive schemes, if any, as may from time to time be offered by the Board of Directors of the Company. Any payment due under such schemes (“Incentive
Remuneration”) shall be payable to such bank accounts and in such currency as the Employee shall require. In the event of termination by either party any entitlement to benefit under the schemes will be determined in accordance with the rules
of the respective schemes (if any). For the avoidance of doubt, any assessment of the Employee’s performance for the year 2003 and for the year 2004 prior to signature of this Agreement shall include assessment of all services rendered under
this Agreement and under any preceding agreements with the Company and Cookson America, Inc. 
  

 3 

 (vi) The Employee is eligible to participate in share option schemes of the Company as an executive director. In the
event of termination by either party any entitlement to benefit under the schemes will be determined in accordance with the rules of the respective schemes (if any). 
  
 5 SUMS RECEIVABLE 
  

It is the intention of the parties that unless otherwise agreed by the Company the remuneration provided to the Employee under Clause 4 hereof shall be the total
remuneration of the Employee for his service under this Agreement whether provided to the Company or any Associated Company. Any other sums (whether director’s fees or otherwise howsoever) receivable or received by the Employee in connection
with, or as a result of, the performance of his duties hereunder shall, unless otherwise agreed by the Company, belong to the Company, and the Employee shall disclose and account for the same to the Company. 
  
 6 EXPENSES 
  
 (a) In the event of a change at the request of the Company in the Employee’s place of
employment which the Company agrees (such agreement not to be unreasonably withheld) necessitates a change in his place of residence either temporary or permanent, the Company shall, in accordance with the Company’s relocation policy, repay to
the Employee such reasonable removal expenses and reasonable additional housing and living expenses as the Employee shows, to the satisfaction of the Company, to have been incurred by him by reason of the change except insofar as such expenses were
taken into account in determining the Employee’s remuneration at the new place of employment. 
  
 (b) There shall be paid or refunded to the Employee by the Company all reasonable duly authorised out-of-pocket expenses properly incurred by him in the performance of his duties under this Agreement including for the
avoidance of doubt the cost of overnight accommodation where the Employee is required to remain in London overnight. 
  
 7 THE EMPLOYEE’S ACTIVITIES 
  
 (a) The Employee shall perform the duties of his office for the time being and exercise such powers as may from time to time be assigned to or vested in him faithfully,
diligently and loyally, devoting thereto the whole of his time, attention and skill to the extent necessary for the due performance of his duties hereunder, and shall obey the reasonable and lawful directions of the Company acting through its duly
authorised representatives. 
  
 (b) The Employee shall work such hours as may from
time to time reasonably be required from him to carry out his duties to the satisfaction of the Company and shall not be entitled to receive any additional remuneration for work outside normal business hours. 
  

 4 

 (c) The Employee shall make such visits both within and outside the United Kingdom and by such means as he may reasonably
be required by the Company to undertake from time to time for the proper fulfilment of his duties. 
  
 (d) The Employee shall not at any time during his employment hereunder without the written consent of the Company (which shall not be unreasonably withheld) either directly or indirectly assist or engage or be
interested in:- 
  
 (i) any business other than that of the Company and its
associated companies in any capacity whatsoever; 
  
 (ii) any other occupation or
activity whatsoever which the Company may reasonably expect to hinder or interfere with the performance by the Employee of, or conflict with, his duties under this Agreement. 
  
 Where such consent has been given any sums received or receivable by the Employee in connection with or as a result of such activities or
interests shall, be disclosed by the Employee to the Company. 
  
 The Employee
shall, however, be permitted to hold shares, stock or debentures quoted on a recognised stock exchange or in a company not carrying on business in competition with the Company or any Associated Company and he shall not be required to account to the
Company in respect of sums derived from such holdings. 
  
 (e) The Employee shall
be entitled to 25 days holiday a year subject to the conditions laid down from time to time by the Company for employees with the same status. The Company’s holiday year runs from 1 January to 31 December. Where the Employee is unable by reason
of work commitments to take all his holiday in any holiday year the Company will consider with him the extent to which unused days (in excess of any accrued but untaken at the beginning of January 2004) may be carried to the next holiday year. The
Employee shall in addition be entitled to such Bank or public holidays as shall from time to time be declared in the United Kingdom and recognised by the Company. Subject to the Company’s right to require the Employee to take any accrued but
untaken holiday during any period of notice, accrued but untaken holiday will otherwise be paid in lieu upon termination, calculated at a daily rate of 1/260th of Base Salary (at the date of termination). 
  
 8 APPROVED PENSION SCHEME 
  
 The Employee subject to the rules for the time being applicable thereto may remain during
the continuance of his employment hereunder a member of the Plan (or other scheme for the time being in force applicable generally to full time officers or employees of the Company or a category thereof including the Employee) and will accrue
benefits on the basis offered to all employees of the same status but, provided this does not cause the benefits to be greater than those set out in Clause 9, enhanced to provide maximum benefits as permitted by the Inland Revenue. 
  

 5 

 Changes in the rules of the applicable scheme (if any) will be notified in writing to the Employee and copies of the
rules of such scheme for the time being in force will be made available to the Employee for inspection on application to the Secretary of the Company or to the Trustees of the Plan. 
  
 9 UNAPPROVED PENSION ARRANGEMENTS 
  
 (a) For the purpose of calculating the Employee’s contributions and benefits under this Clause:- 
  
 (i) “Approved Pension Arrangements” means the Plan (or other scheme for the time
being in force applicable generally to full time officers or employees of the Company or a category thereof including the Employee). 
  
 (ii) “Basic Salary” means, at any date, his salary set under Clause 4(a) of this Agreement. 
  
 (iii) “Bonus” means, at any date, the average of the annual Incentive Remuneration made in the last three years (whether paid
under this Agreement or under any preceding agreement with either the Company or Cookson America, Inc.). 
  
 (iv) “Pensionable Salary” means the aggregate of his Basic Salary and the Bonus paid from time to time. 
  
 (v) “Retained Benefits” means the benefits to which the Employee is entitled in respect of employment prior to 1 March 1996 under any retirement benefit schemes
(whether or not approved) or any personal pension arrangements. If the Retained Benefits are paid at different times or in a different form to the benefits to be provided under this Clause 9, the amount of the reduction in the benefits to be
provided under this Clause 9 will be determined by the actuary appointed in respect of the Plan as if the Retained Benefits had become payable at the same time and in the same form. 
  
 (vii) “Total Pension Benefit” means on retirement from the Company at age 62 a yearly pension equal to 66.67% of his Basic Salary
plus 33.33% of his Bonus, less his Retained Benefits. 
  
 (b) Subject to the
Employee:- 
  
 (i) remaining in employment with the Company and a member of the
Approved Pension Arrangements (unless he ceases involuntarily to be a member by reason of the Company terminating the Approved Pension Arrangements or withdrawing his membership thereof) until age 62; 
  
 (ii) making contributions (which will be deducted from his salary and incentive payments)
equal to 6% of his Pensionable Salary paid from time to time (of which the maximum contribution permitted shall be paid to the Approved Pension Arrangements and the excess shall be paid to the Company or at its direction); 

  

 6 

 
the Employee will be entitled on his retirement from employment with the Company at age 62 to the Total Pension Benefit. In determining the amount of the
Total Pension Benefit it will be assumed that the Employee has not commuted any of his Retained Benefits. 
  
 (c) So much of the benefits under this Clause 9 as cannot be paid from the Approved Pension Arrangements shall be paid direct to the Employee by the Company. Benefits paid by the Company shall be paid at the same time
as similar benefits are paid from the Plan. 
  
 (d) If the Employee leaves the
employment of the Company before age 62 other than as a result of his death, his application for retirement due to ill-health or disability or his termination pursuant to Clause 4(b)(iv), his leaving service benefit from age 62 will be the higher of
the amount calculated in accordance with the table below less his Retained Benefits or 1/45th of his Basic Salary and Bonus for each year of service and proportionately for each complete month of service but ignoring his Retained Benefits:-

  

			
	Number of Years
of Service

	  	 Pension at Date of Leaving Employment

	2	  	4.44% of Basic Salary, plus 4.44% of Bonus
	3	  	9.17% of Basic Salary, plus 8.33% of Bonus
	4	  	12.22% of Basic Salary, plus 11.11% of Bonus
	5	  	15.28% of Basic Salary, plus 13.89% of Bonus
	6	  	23.33% of Basic Salary, plus 16.67% of Bonus
	7	  	27.22% of Basic Salary, plus 19.44% of Bonus
	8	  	31.11% of Basic Salary, plus 22.22% of Bonus
	9	  	42.50% of Basic Salary, plus 25.00% of Bonus
	10	  	47.22% of Basic Salary, plus 27.78% of Bonus
	11	  	51.94% of Basic Salary, plus 30.55% of Bonus
	12	  	66.67% of Basic Salary, plus 33.33% of Bonus
	13	  	66.67% of Basic Salary, plus 33.33% of Bonus
	14	  	66.67% of Basic Salary, plus 33.33% of Bonus
	15	  	66.67% of Basic Salary, plus 33.33% of Bonus

  
 The percentage will be increased
appropriately for additional complete months up to a maximum of 66.67%. For the avoidance of doubt and by way of example, if the Employee were to leave the employment after 8 years and 3 months of service, his pension will be 31.11% + [3/12 x
(42.50% minus 31.11%)] of his Basic Salary, plus 22.22% + [3/12 x (25.00% minus 22.22%)] of his Bonus. 
  
 (e) The Employee’s leaving service benefit will be increased from the date of leaving employment to his 62nd birthday in accordance with increases to benefits under the Plan (both those required by law and any
additional increases that are granted generally to early leavers under the Plan). 
  
 (f) If the Employee leaves the Company at least one year before reaching age 62, he may request a transfer of his leaving service benefit, the value of which will be determined by the actuary appointed in respect of the Plan. This value
will be 

  

 7 

 
calculated as if the benefits under this Clause 9 were fully funded and with no reduction for lack of resources. 
  
 (g) If the Company agrees and the Employee has not transferred his leaving service benefit,
he may start to receive his benefits before age 62 but not before he can receive an early retirement benefit under the Plan, in which case it will be reduced in accordance with the rules of the Plan insofar as they relate to such reductions.

  
 (h) At retirement the Employee may commute a part of his benefit for a lump
sum up to a maximum amount equal to 225% of the initial annual amount of his pension. The tax treatment of this sum will be subject to Inland Revenue rules. If the Employee elects to commute any part of his benefit the commutation factors applied to
the Plan will be used. 
  
 (i) Once in payment that part of the benefit which is
paid as a pension will be increased at the same times and rates as apply to pension increases granted generally under the Plan. 
  
 (j) In the event of the Employee’s disability, ill-health or death before age 62 where he has not transferred his benefits, or in the event of his death after his
benefits have started to be paid, the benefits payable to or in respect of the Employee under this Clause 9 will be the same (and will be calculated in the same way) as under the Plan but ignoring any restrictions arising from the earnings cap.

  
 (k) All benefits to be provided under this Clause 9 are inclusive of any
benefits to which the Employee becomes entitled under the Approved Pension Arrangements. 
  
 (l) Having had the benefit of legal advice from Baker & McKenzie and Stephenson Harwood as to the effect of this Clause 9 the Employee agrees that his entitlement to benefits from the Company is as set out above
and that he shall have no further right or entitlement to any greater sums or increased rights granted by virtue of any applicable legislation. 
  
 10 CONFIDENTIAL INFORMATION 
  
 (a) It is to be expected that the Employee will as a result of his employment with the Company acquire information as to commercial or industrial secrets and other
confidential information not only of the Company and its customers and suppliers but also of its associated companies and their customers and suppliers. The Employee hereby undertakes that he will not during his employment hereunder otherwise than
in the course of properly performing his duties under this Agreement or with the consent of the Company or as required by law utilise, divulge or communicate to any person either directly or indirectly:- 
  
 (i) any of the trade or industrial secrets or other confidential information of any kind
whatsoever of the Company or of its associated companies which he may acquire in the course of his service or which he may heretofore have received or obtained whilst in the service of the Company or of Cookson America Inc. provided always that this
restriction shall cease to apply to any such knowledge or 

  

 8 

 
information upon the same becoming public otherwise than as a result of breach of this Clause; 
  
 (ii) any trade or industrial secrets or other confidential information whatsoever of any customer or supplier of the Company, or of the
customers or suppliers of any Associated Company which he may acquire in the course of his service or which he may heretofore have received or obtained whilst in the service of the Company or of Cookson America Inc. Where the Employee acquires
confidential information relating to an Associated Company or their customers or suppliers he shall on request give an undertaking in similar terms to that contained in this Clause direct to the Associated Company. 
  
 The obligations set out in this Clause 10(a) shall continue to apply after the termination of
the Employee’s employment hereunder (howsoever occasioned) but shall cease to apply to information which may come into the public domain otherwise than through unauthorised disclosure by the Employee. 
  
 (b) It is often required in “know-how” agreements for the person supplying the
“know-how” to require that the recipient’s employees execute written undertakings to preserve the secrecy of any information supplied. The Employee shall, at the request of the Company, execute any instruments relating to the trade or
industrial secrets or other confidential information of third persons which the Company is then obliged to have executed by its employees. 
  
 11 INTELLECTUAL PROPERTY RIGHTS 
  
 (a) In the event that the Employee (whether alone or with others) shall make or shall have made at any time during the period of his employment an invention, (whether or
not patentable) within the meaning of the Patents Act 1977 (hereinafter called “Invention”) relating to, or capable of being used in, the business of the Company or that of its Associated Companies, he shall promptly disclose to the
Company full details thereof to enable the Company to assess the Invention and to determine whether under the applicable law the Invention is the property of the Company. 
  
 (b) If any Invention belongs to the Company the Employee shall hold it on trust for the Company and shall at the request and expense of the
Company do all things necessary to vest all right, title and interest in any such Invention in the Company or its nominee absolutely as legal and beneficial owner and to secure patent or other appropriate forms of protection therefor in any part of
the world. 
  
 (c) If the Employee (whether alone or with others) shall create or
make or shall have created or made at any time during the period of his employment any discovery, design or other work (whether registerable or not and whether or not a copyright work), which is not an Invention or made or created by the Employee
and wholly unconnected with his employment hereunder (hereinafter called “Works”), the Employee shall forthwith disclose to the Company full details thereof and shall consider himself as a trustee for the Company in relation to all such
Works. The Employee shall at the request and expense of the Company execute all instruments and do all things necessary to vest all right, title and interest in and 

  

 9 

 
to any such Works in the Company or its nominee absolutely as legal and beneficial owner. 
  
 (d) In consideration of the Company entering into this Agreement the Employee hereby assigns to the Company by way of assignment of future
copyright the copyright, design and other proprietary rights if any for the full term thereof throughout the world in respect of all copyright works created or made by the Employee during the period of his employment hereunder (except only those
copyright works created or made by the Employee and wholly unconnected with his employment hereunder). 
  
 (e) The Employee shall not except as provided in this Clause or as may be necessary in the course of his employment disclose or make use of any Invention or Work which belongs to the Company. 
  
 (f) The Employee shall give notice in writing to the Company promptly on becoming aware of
any infringement or suspected infringement of any intellectual property right in any Invention or Work and shall not otherwise do or fail to do any act the consequences of which act or failure would or might prejudice the rights of the Company under
this Clause. 
  
 (g) Rights and obligations under this Clause shall continue in
force after the termination of this Agreement in respect of Inventions and Works and shall be binding upon the personal representatives of the Employee. 
  
 12 PREVIOUS AGREEMENTS 
  
 This Agreement supersedes any previous agreement or representations whether oral or written between the parties in relation to the matters dealt with herein, including
the Service Agreement dated 14 February 1996. 
  
 13 TERMINATION 
  
 (a) Unless terminated under Clause 13(k), this
Agreement shall remain in force until determined by the first to occur of the following events:- 
  
 (i) the Employee reaching the age of 62; 
  
 (ii)
the expiry of not less than 6 months notice in writing given by the Employee to the Company at any time; 
  
 (iii) the expiry of 24 months notice in writing given by the Company to the Employee at any time on or before 30 December 2004; 
  

(iv) the expiry of 12 months’ notice in writing given by the Company to the Employee on any date on or after 31 December 2004; or 
  
 (v) the Company exercising its rights under Clause 4(b)(iv). 
  

 10 

 (b) Where the Company terminates this Agreement on or before 30 December 2004 otherwise than in accordance with Clause
4(b)(iv), Clause 13(k) or sub-Clause 13(a)(iii), the Company shall pay to the Employee in liquidated damages an amount (which sum shall be calculated at the date of termination of employment) (less such statutory deductions (e.g. for tax and
national insurance) which the Company is obliged by law to make) which is equal to 66.67% of the total of: 
  
 (i) Base Salary at the date of termination for the notice period applicable for termination by the Company on the date of termination of employment; 
  
 (ii) the value for the notice period applicable for termination by the Company on the date of termination of employment of any fringe
benefits which at the date of termination are provided under Clause 4(c) of this Agreement plus any contractual benefits not referred to in Clause 4(c) which are awarded to the Employee after the date of this Agreement but excluding from this any
value attributable to participation in any share incentive schemes then being operated by the Company; 
  
 (iii) a pro-rata sum in respect of the period of service in the year of termination of employment in respect of any annual incentive payment for that year (if any is accrued under any scheme which may then be in
operation) (e.g. if the Employee has been employed for 6 months the entitlement will be to 66.67% of 6 months of the annual incentive payment for that year); and 
  
 (iv) a sum in respect of the Employee’s payment (if any is accrued) under the then current mid-term incentive scheme (if any)
calculated by reference to the proportion which the Employee’s period of service from the start of such scheme to the date of termination bears to the total period of such scheme. 
  
 (c) If the Employee has already started to serve notice given by the Company the number of months to be used to determine the compensation
under Clause 13(b) above will be reduced by the number of months’ notice already served. 
  
 (d) Sums due under sub-Clauses 13(b)(i) and 13(b)(ii) above shall be paid within the later of 30 days of the date of the termination of employment and the conditions in Clause 13(j) being satisfied. Sums due under
sub-Clauses 13(b)(iii) and 13(b)(iv) above shall be paid on the later of the date the conditions in Clause 13(j) are satisfied and the date when payment would have been due had the employment continued. 
  
 (e) Where the Company gives notice pursuant to sub-Clause 13(a)(iv) above on or after 31
December 2004 or the Employee gives notice at any time pursuant to sub-Clauses 13(a)(ii) above:- 
  
 (i) the Company has the option at its absolute discretion of giving written notice that it will make a payment in lieu of part or all of the required period of notice and the employment shall terminate on the date of
receipt of such notice by the Employee (the “date of early termination”); and 
  

 11 

 (ii) the payment will be calculated by aggregating:- 
  
 (1) Base Salary (at the rate last set before the date of early termination) for the duration of the remaining notice period (the
“Foregone Notice Period”); 
  
 (2) the amount it would cost the Employee
(as reasonably agreed by the Company) to replace for the Foregone Notice Period any benefits which at the date of early termination are provided under Clause 4(c) of this Agreement or are otherwise at that date customarily provided to the Employee
but excluding from this any value attributable to potential participation during the Foregone Notice Period in any share incentive schemes then being operated by the Company; 
  
 (3) a sum equal to the average annual Incentive Remuneration paid or awarded per year to the Employee (under this Agreement or under any
preceding agreement with either the Company or Cookson America, Inc.) in respect of the last three full calendar years before the date of early termination, which sum will be pro-rated where the Foregone Notice Period is less than one year; and

  
 (4) a sum equal to one third of the cash value of the last mid-term Incentive
Remuneration award to the Employee in the three calendar years before the date of early termination (including the cash value at the date of early termination of any equity award then made), which sum will be pro-rated where the Foregone Notice
Period is less than one year. 
  
 (f) Where the Company exercises its option under
sub-Clause 13(e)(i):- 
  
 (i) the Company will also pay, on the normal payment
date for annual Incentive Remuneration, a pro rata sum (if any is earned and accrued under any scheme which may then be in operation) in respect of any annual Incentive Remuneration for that year calculated by reference to the period of service in
the year of termination of employment until the date of early termination; and 
  
 (ii) the Company will also pay, on the normal payment date for mid-term Incentive Remuneration, a pro rata sum (if any is earned and accrued under any scheme which may then be in operation) in respect of the then current mid-term incentive
scheme calculated by reference to the proportion which the Employee’s period of service from the start of such scheme to the date of early termination bears to the total period of such scheme; 
  
 (iii) Half the payment calculated under Clause 13(e)(ii) above shall be paid in a lump sum,
net of required statutory deductions, within 30 days of the date of early termination; and 
  
 (iv) The remaining sum calculated under Clause 13(e)(ii) will be paid in equal monthly instalments, net of required statutory deductions, commencing in the Company payroll period after the month in which the midpoint
of the Foregone Notice Period falls, for the remainder of the Foregone Notice Period. If the Employee has commenced alternative employment before the payroll date in any month in which such a payment would otherwise be made, the gross base salary
earned by the Employee in that month shall be deducted from the gross monthly instalment. The Employee shall notify the Board of Directors of the Company promptly upon obtaining such employment, which notice shall include the Employee’s start
date and gross monthly base salary. The Company undertakes for itself and its Directors to keep the gross monthly base salary confidential. 
  

 12 

 (g) Where the Company gives notice pursuant to sub-Clause 13(a)(iv) on or after 31 December 2004 the Company shall
provide the Employee with an executive outplacement counselling programme through an outplacement services firm designated by the Company for a reasonable period up to one year following the date of early termination at no fee to the Employee.

  
 (h) Where this Agreement is terminated by the Company (except under Clause
13(k)), the Employee’s service for the purpose of calculations under Clause 9 will be increased by 24 months (less any months of notice served by the Employee prior to termination) from the date of termination, provided that this does not
increase his benefits above the maximum set out therein and the Employee has satisfied the conditions in Clause 13(j). 
  
 (j) It is a pre-condition of any payments under Clauses 13(b), 13(e),13(f) and 13(g) that the Employee shall have entered into such further agreements as the Company may
require for the sole purpose of compromising or settling any then existing or potential claims based on matters of which the Employee is then aware by the Employee against the Company or any Associated Company or any of their officers and/or
employees arising out of the employment relationship or its termination. Such agreements will exclude personal injury claims or claims in relation to pension provision. 
  
 (k) If the Employee shall be guilty of any serious breach, or continues after due warning to commit any material breach of his obligations
under this Agreement, or shall become bankrupt or have compounded with his creditors generally or commit any act or be convicted of any offence or do anything which in the reasonable opinion of the Company is seriously prejudicial or likely to be
seriously prejudicial to the good name or reputation of the Company or any Associated Company, the Company shall have the right to terminate this Agreement and the Employee’s employment hereunder by summary notice. 
  
 14 EVENTS ON TERMINATION 
  
 Upon termination or expiry of his employment under this Agreement howsoever occasioned or
upon the written request of the Board of Directors at any time following the giving of notice by the Company or the Employee, the Employee shall:- 
  
 (a) return to the Company all property belonging to the Company or any Associated Company which he may have in his possession or control including, but without prejudice
to the generality of the foregoing, all notebooks, writings, records, computers and computer records whatsoever including any copies of the same; and, 
  
 (b) resign without claim for compensation from any office as a director of the Company and from any other offices held by him in any Associated Company and from any
trusteeships of pension schemes or other entities associated with the Company or any Associated Company, and should he fail to do so the Company is hereby irrevocably authorised to appoint some person in his name and on his behalf to sign any
documents and do any things necessary or requisite to give effect thereto. 
  

 13 

 15 NON-COMPETITION 
  
 (a) Since the Employee is likely to obtain in the course of his employment confidential information and personal knowledge of and influence
over customers or suppliers of the Company or any other Associated Company the Employee hereby agrees with the Company that in addition to the other terms of this Agreement and without prejudice to other restrictions imposed upon him by law, the
Employee covenants:- 
  
 (i) that he will not during the period of 12 months from
the date on which his employment terminates canvass or solicit or endeavour to canvass or solicit (whether on his own account or for any other person, firm or organisation) in competition with the Company or any other Associated Company the custom
of any person, firm or company who at any time during the last 12 months of his service with the Company was a customer or supplier of, or in the habit of dealing with, the Company or any other Associated Company and with whom the Employee shall
have been personally concerned to a material extent; 
  
 (ii) that he will not
during the period of 12 months from the date on which his employment terminates either on his own behalf or for any other person, firm or organisation solicit or endeavour to entice away from the Company or any other Associated Company any person
who was to his knowledge at any time during the last 12 months of his service with the Company an employee of the Company or any Associated Company who reported directly to him (a “direct report employee”) or an employee who reported
directly to a direct report employee, or a director, officer, agent, consultant or associate of the Company or any Associated Company. For the avoidance of doubt, the Company shall provide to the Employee in writing upon termination a list of names
of covered direct report employees and those who report directly to them. 
  
 (b)
While the restrictions imposed in this Clause are considered by the parties to be reasonable in all the circumstances it is agreed that if any one or more of such restrictions shall either taken by itself or themselves together be adjudged to go
beyond what is reasonable in all the circumstances for the protection of the Company’s or any Associated Company’s legitimate interest but would be adjudged reasonable if any particular restriction or restrictions were deleted or if any
part or parts of the wording thereof were deleted, restricted or limited in a particular manner then the said restrictions shall apply with such deletions, restrictions or limitations as the case may be. 
  
 16 DISCIPLINARY AND GRIEVANCE PROCEDURES 
  
 Any disciplinary or grievance matters will be conducted by the Board of Directors of the
Company or its designee, in accordance with the principles of the ACAS Code of Practice on Disciplinary and Grievance Procedures and any relevant legislation. 
  

17 MISCELLANEOUS 
  
 (a) Notice may be given by either party by registered or recorded-delivery letter addressed to the other party at, in the case of the Company, its registered office

  

 14 

 
for the time being and marked for the attention of the Company Secretary and in the case of the Employee his last address known to the Company. Actual notice
is necessary under Clause 13, but shall otherwise be deemed to have been duly served upon the party to whom it is addressed upon its delivery at that address. 
  

(b) The expiration or determination of this Agreement howsoever arising shall not operate to affect such of the provisions hereof as in accordance with their terms are
expressed to operate or have effect thereafter. 
  
 (c) References in this
Agreement to the masculine gender shall where appropriate be deemed also to include the feminine gender. 
  
 (d) References in this Agreement to an Act of Parliament shall be deemed to include any statutory modification or re-enactment whenever made. 
  
 (e) No collective agreements apply to this employment. 
  
 (f) This Agreement is to be governed by and construed in accordance with English law and subject to the exclusive jurisdiction of the
English Courts. 
  
 (g) In the event of any dispute arising out of this Agreement
or its termination, the Company agrees that in the event that the Employee’s contractual claim is successful in a Court of law then it will pay the Employee’s taxed costs, provided that if the Company made a prior offer to settle the
proceedings in accordance with Part 36 of the Civil Procedure Rules, Part 36 shall apply. 
  

	
	SIGNED by
	
	 /s/ Robert Beeston

	

  
 for and on behalf of the Company

  

	
	
	 /s/ Dennis Millard

	

  

					
			
	 SIGNED by the Employee as a deed in the presence of:-
	 	 	 	 /s/ Patricia Dowton

	 	 	 	 	

	 	 	 	 	 12 Edinburgh Crescent
 Waltham Cross
 Herts EN8 7QS

  
 DATED: 19 February 2004 
  

 15Service Agreement of Mr Raymond Sharpe

 Exhibit 4.3 - Service Agreement of R P Sharpe 
  
 EMPLOYMENT AGREEMENT 
  
 This Employment Agreement (the “Agreement”) between Cookson America Inc., a Delaware Corporation (the “Company”) with offices at One
Cookson Place, Providence, Rhode Island, and Raymond P Sharpe (the “Employee”) is hereby entered into as of February 23, 2004. 
  
 WHEREAS the Company desires to continue to employ the Employee to provide services to the Company; 
  
 WHEREAS the Employee desires to continue to be employed by the Company and to render such services to the Company on the terms and
conditions specified herein; 
  
 WHEREAS the Company and the Employee
desire to set aside the existing Employment Agreement between them dated June 1, 1989 and as amended by letter agreements dated as of September 13, 1991, and December 19, 1995 and to enter into this Agreement in its place; 
  
 NOW, THEREFORE, in consideration of the mutual promises, terms,
covenants and conditions set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, it is agreed as follows: 
  
 Section 1. Employment and Duties. 
  

	(a)	The Company agrees to employ the Employee and the Employee accepts employment with the Company, on the terms and subject to the conditions hereinafter set forth. Subject to the
terms and conditions contained herein, the Employee shall serve as Director of the Company and, in such capacity, shall report directly to the Board of Directors of the Company and shall have such duties as are commensurate with the Employee’s
position as Director of the Company and as may be assigned to the Employee from time to time by the Board of Directors, including duties for subsidiaries, if any, of the Company and of Cookson Group plc. The Employee may be elected or appointed a
Director of subsidiaries of the Company and of Cookson Group plc during the term of this Agreement. If the Employee is requested by the Company to serve in the employment of any subsidiary, the Employee shall do so and the term “the
Company” shall mean the Company or such subsidiary as appropriate. 

  

	(b)	The Employee shall faithfully adhere to, execute and fulfil all duties and responsibilities and shall comply with all policies, procedures, and rules of the Company that may be
established or modified from time to time. The Employee shall comply with all lawful directions and instructions of the Board of Directors. 

  

	(c)	The Employee shall devote his full time, attention and efforts to promote and further the interests and business of the Company and the interests of the Company’s subsidiaries.

  

 1 

	(d)	Save for his activities in relation to Cookson Group plc, during the term of this Agreement, the Employee shall not be engaged in any other business activity, whether or not such
activity shall be engaged in for pecuniary gain, without the prior written approval of the Board of Directors, which consent shall not be unreasonably withheld. If such consent is given, the Employee shall be obliged to disclose to the Company any
compensation paid to him on account of such activity. The foregoing limitation shall not be construed as prohibiting the Employee from making personal investments in such form or manner as will neither require the Employee’s services in the
operation or affairs of the companies or enterprises in which such investments are made nor violate the terms of Section 5. The Employee further agrees that he will not, directly or indirectly, engage or participate in any activities at any time
during the term of this Agreement in conflict with the best interests of Cookson Group plc, or of the Company and its subsidiaries. 

  

	(e)	The Employee will be based at the Company’s offices in Rhode Island or at such other location as the Company may require (which location shall be one which in the
Company’s reasonable opinion is within reasonable travelling distance of the Employee’s home address at the time of the change) or if further afield, the Company shall give the Employee 60 days’ prior notice of the need to relocate
and meet the Employee’s reasonable relocation expenses if in accordance with and subject to any prevailing Company relocation policy. Notwithstanding anything to the contrary herein, a relocation of the Company’s offices and/or the
relocation of the Employee’s work location to any State or Commonwealth that is not contiguous to the Atlantic Ocean (other than for reasonable travel obligations of the Employee in connection with his duties hereunder) shall, if not agreed to
by the Employee, constitute termination of this Agreement other than “By the Company for Cause” as specified in Section 3(a)(iv). 

  
 Section 2. Compensation, Benefits, Expenses and Vacation. 
  

	(a)	Salary 

  
 Upon execution of this Agreement, the base salary payable to the Employee for all duties performed hereunder shall be at a rate of US$600,000 per year
(“Base Salary”), payable in accordance with the Company’s customary pay practices that exist from time to time, and subject to applicable federal, state and local tax withholdings. The Employee’s Base Salary may be increased (but
in no event decreased below the amount then prevailing) from time to time as the Company in consultation with the Remuneration Committee of the Board of Directors of Cookson Group plc may determine is necessary or appropriate. 
  

	(b)	Incentive Compensation. 

  
 In addition to Base Salary, the Employee shall be entitled to receive such additional compensation (“Incentive Compensation”) if any, as may be from time to
time agreed upon in writing by the Employee and the Company or Cookson Group plc acting in its sole 

  

 2 

 
discretion. For the avoidance of doubt, the rules of any Incentive Compensation scheme will govern any payment of Incentive Compensation upon termination of
this Agreement or otherwise. Where the rules are silent, such payment is a matter for the Remuneration Committee of Cookson Group plc acting in its sole discretion. 
  

	(c)	Stock Purchase Plan. 

  
 The Employee is entitled to participate in the Company’s Stock Purchase Plan in accordance with the rules of the Plan. 
  

	(d)	Benefits 

  
 The Employee is entitled to participate in the following Company benefits programs on a basis consistent with the standard eligibility requirements,
terms, conditions and overall administration of such programs, save as modified on or before the date of this Agreement, including as described below. For the avoidance of doubt, in the event of any mistake in the descriptions which follow in
Section 2(d), the existing obligations shall prevail. All insurance premiums paid by the Company in connection with life insurance, disability benefits insurance, and long term care insurance are taxable to the Employee. If any policy provider
refuses for any reason to provide any such benefits to the Employee, the Company shall not be liable to provide any such benefits itself or any compensation in lieu thereof. 
  

	 	(i)	Life Assurance. The Company shall during the term of this Agreement pay the premiums for life insurance cover equal to 3 times 150% of Base Salary from time to time. Subject
to the limitation on the Company’s liability to provide such benefits itself or any compensation in lieu thereof, as set out above, the Company shall maintain the life assurance policies relevant to the Employee which are in existence as at the
date of this Agreement. Upon termination of this Agreement, the Company will use reasonable endeavours to transfer all relevant life assurance policies to the Employee immediately or at the end of any period of policy continuation under Clause
3(c)(iii). 

  

	 	(ii)	 Disability Benefits. In the event that the Employee shall have been unable because of illness or physical or mental disability or other incapacity to perform
his duties under this Agreement for a period totalling twenty-six (26) weeks during any period of fifty-two (52) consecutive weeks, the Company shall cease payment of Base Salary and provision of any benefits under sections 2(d) and 2(e) of this
Agreement except that the benefits described in sub-sections 2(d)(iii) and (v) (Long Term Care Benefits and Health Insurance) shall continue, but shall provide disability benefits in the amount of sixty (60) percent times one hundred and fifty (150)
percent of the total of Base Salary per annum for such further period as the Employee shall remain unable to carry out his duties under this Agreement up to his sixty-fifth birthday. The determination of the existence and continued existence of such
disability and periodic payments of any such benefits and 

  

 3 

	 	 
any deductions from them shall be made in accordance with the rules from time to time of the Company’s long-term disability benefits plan. Subject to
the limitation on the Company’s liability to provide such benefits itself or any compensation in lieu thereof set out above, the Company shall maintain the disability benefits insurance policies relevant to the Employee which are in existence
as at the date of this Agreement, and disability benefits payable under this Section of this Agreement shall include payments under such policies. 

  

	 	(iii)	Long Term Care Benefits. The Company shall pay the premiums for a long term care policy in respect of the Employee and his wife. Upon termination of this Agreement the
Company will use reasonable endeavours to transfer such policy to the Employee immediately or at the end of any period of policy continuation under Clause 3(c)(iii). 

  

	 	(iv)	Club memberships. During the Employee’s employment under this Agreement, the Company shall pay the Employee’s annual membership fees and business expenses in
respect of such business clubs as it shall approve and shall in addition pay the annual membership fees in respect of such private clubs as are approved by it. The Employee shall reimburse the Company in respect of any club expenses which are not
incurred for Company business purposes which are charged to the Company. In the event of payment in lieu of this benefit upon termination, membership fees only will be paid in lieu. 

  

	 	(v)	Health Insurance. The Company shall provide the Employee, his spouse and dependent children with group medical, dental, vision care and prescription drug cover in accordance
with the Company’s policies regarding such insurance from time to time. The Employee is also entitled to participate in the Company’s Senior Executive Medical Reimbursement Program. Following retirement, the Employee and his spouse will be
entitled to cover under and in accordance with the terms of the Cookson America Welfare Benefits Retiree Policy. 

  

	(e)	Pension 

  

	 	(i)	Cookson Electronics, Inc. Retirement Security Plan  

  
 The Employee may remain during the continuance of his employment hereunder a member of the Cookson Electronics, Inc. Retirement Security Plan, subject to
the rules for the time being applicable thereto. 
  

	 	(ii)	Alpha Metals, Inc. Incentive Compensation Plan 

  
 The Company shall contribute to the Alpha Metals, Inc. Incentive Compensation Plan 10% of Base Salary. 
  

 4 

	 	(iii)	Cookson America Salaried Employees Savings Plan (the “401K Plan”) 

  
 Subject to the Employee continuing to contribute 6% of “Total Annual Pensionable Compensation” (as defined below)
to the 401K Plan, the Company shall contribute 4.5% of Total Annual Pensionable Compensation to the 401K Plan. To the extent that the contributions of either the Company or the Employee exceed applicable Inland Revenue Service limits, the excess
shall be contributed to suitable alternative arrangements, as agreed from time to time between the Company and the Employee. 
  
 For the purposes of this Section 2(e)(iii), “Total Annual Pensionable Compensation” shall mean the Employee’s total compensation subject to
federal income tax but including pre-tax contributions to any plan or arrangement maintained by the employer. 
  

	(f)	Expenses. 

  
 The Employee shall be entitled to reimbursement for all reasonable duly authorized out of pocket expenses properly incurred by him in the performance of his duties under this Agreement. 
  

	(g)	Vacation. 

  
 The Employee shall be entitled under this Agreement to a total of 25 days paid vacation per calendar year. 
  

	(h)	Car 

  
 The Employee shall be provided with a fully expensed car for his use in accordance with the Company car policy. The Employee shall comply with all statements of policy, rules and regulations which the Company may from
time to time issue in relation to the provision and use of cars. 
  
 Section 3. Termination; Rights on Termination. 
  

	(a)	Termination. The Employee’s employment with the Company shall automatically terminate upon the Employee reaching the age of sixty-five (65). Before that date, the
employment may be terminated in any one of the following ways: 

  

	 	(i)	Written Notice of Intent to Terminate. 

  
 Unless otherwise provided in this Agreement, the Employee’s employment shall terminate upon not less than three (3) months’ written notice by
the Employee or upon not less than the following periods of written notice given by the Company to the Employee (the “Required Notice Period”): 
  

			
	 Date

	  	Period of notice

	 on or before 30 December 2004:
	  	24 months
	 on or after 31 December 2004:
	  	12 months.

  

 5 

	(ii)	Death. If the Employee dies during the term of this Agreement, this Agreement shall terminate immediately without notice upon the Employee’s death and the Company shall
pay to the Employee’s estate the Base Salary to the date of his death. 

  

	(iii)	Disability. The Company may terminate this Agreement in accordance with Section 3(a)(i) above. 

  

	(iv)	By the Company for Cause. The Company may terminate the Employee’s employment immediately, without notice or payment of the Section 3 (c) severance payment, for Cause.
For purposes of this Agreement, Cause shall comprise: 

  

	 	(A)	conviction of any felony; 

  

	 	(B)	commission of any act of gross negligence or wilful misconduct which has caused material and substantial damage to the reputation or financial position of the Company, its parents,
affiliates or subsidiaries; or 

  

	 	(C)	failure to cure or cease, within 30 days of written notice by the Company to the Employee that he is alleged to have committed or be committing, specified and particularized
behaviour which the Company has reasonably determined to constitute a material breach of this Agreement. The Company shall specify in such notice whether the Employee is to cease such behaviour or to cure it, in which latter case, the behaviour
reasonably required to cure shall be particularized. For the avoidance of doubt, any matters involving expenses claims and reimbursement shall be resolved in accordance with this sub-section. 

  

	(b)	Effect of Termination. In the event of termination, the Employee shall be entitled to receive all Base Salary under this Agreement through the effective date of termination.
In the event the Employee holds a position of officer or director of Cookson Group plc or the Company or any subsidiary of the Company or as trustee of any pension fund or other entity associated with the Company or any subsidiary of the Company,
the Employee shall be deemed to have resigned such position as officer or director or trustee as of the effective date of termination, or as of the date the Company or the Employee notifies the other that the Employee’s employment will be
terminated, whichever is sooner. By entering into this Agreement, the Employee irrevocably appoints the Company to act on his behalf to execute any document and do anything in his name for the purpose of effecting such resignations.

  

 6 

	(c)	Severance payment. 

  

	 	(i)	Where the Company terminates this Agreement on or before 30 December 2004, other than for Cause or by giving the Required Notice Period as set out in Section 3(a)(i) above, the
Company will pay the Employee liquidated damages in lieu of all or part of the Required Notice Period PROVIDED the Employee has not breached any of the covenants set out in Sections 5, 6 and 7 of this Agreement. The employment shall terminate on the
date of receipt of a notice from the Company to the Employee which states that all or part of the Required Notice Period will not be given (“the date of early termination”) and the payment will be a sum equal to (for the length of all or
the specified part of the Required Notice Period): 

  

	 	(A)	the value of the Employee’s Base Salary (as at the rate last set before the date of early termination); and 

  

	 	(B)	his annual Incentive Compensation (such Incentive Compensation to be equal to the average annual Incentive Compensation as a percentage of Base Salary paid to the Employee for the
two most recent years in which Incentive Compensation was paid). 

  

	 	(ii)	Where the Company terminates this Agreement on or after 31 December 2004 other than for Cause, the Company may on giving written notice make a payment in lieu of part or all of the
Required Notice Period. The employment shall terminate on the date of receipt of such notice from the Company by the Employee (“the date of early termination”) and payment will be a sum equal to the Base Salary (at the rate last set before
the date of early termination) and his annual Incentive Compensation (such Incentive Compensation to be equal to the average annual Incentive Compensation as a percentage of Base Salary paid to the Employee for the three most recent years in which
Incentive Compensation was paid), both pro-rated for the duration of the remaining notice period (the “Foregone Notice Period”) and, if not possible to continue provision of such benefits as set out under section 3(c)(iii) below, the value
(to be determined and paid by the Company based upon a two year period), of the benefits set out in Sections 2(d)(i), (ii), (iii) and (v) (life assurance, disability benefits, long term care benefits and health insurance) and 2(e) (pension), and
(unless the Company continues provision of such benefits until the end of the Foregone Notice Period or until the Employee commences new employment providing such benefits whichever is the sooner) the value of the benefits set out in Sections
2(d)(iv) (club membership) and 2(h)(car) for the Foregone Notice Period 

  

	 	(iii)	 Where the Company terminates this Agreement either under Section 3(c)(i) or Section 3(c)(ii), so long as the Employee has not breached any of the covenants set
forth in Sections 5, 6 and 7 below, the Company shall continue to provide the benefits set out in Sections 2(d)(i)(ii)(iii) and (v)(life assurance, disability benefits, long term care benefits and health insurance) and 2(e) (pension) subject to the
rules of the schemes as amended from time to time for a period of two years after the relevant date of early termination, 

  

 7 

	 	 
and shall continue to provide the benefits set out in Sections 2(d)(iv) (club memberships) and 2(h) (car) for the Required Notice Period EXCEPT any such
benefit shall be discontinued as at the date on which the Employee commences employment with a new employer which customarily provides such benefit to a manager of similar status to the Employee unless the Company determines to its reasonable
satisfaction that the new employer is not providing such benefit to the Employee for a good reason. The Company may also decide at its sole discretion to make a payment in lieu of provision of the benefits set out in 2(d)(iv) (club membership) and
2(h) (car). In the event the terms of the Company’s defined benefit pension plan, or Internal Revenue Service or other rules applicable thereto, do not permit such continuation of the Employee for such purposes, and payment is not made in lieu
under Section 3(c)(ii), the Company shall make supplemental payments to the Employee or his beneficiaries in the full amount of the difference at the time such payments would otherwise have been made to the Employee from such plan. Whether or not
the Employee is entitled to receive, or actually receives, the payments and benefits described in this Section 3(c)(iii), the Employee shall be bound by the covenants of Sections 5, 6 and 7 below. 

  

	(d)	Payment of Severance Payment 

  

	 	(i)	One half of the payment calculated under Section 3(c)(i) above shall be paid in a lump sum (less applicable withholding taxes and other customary employee deductions) promptly after
the date of early termination as defined in Section 3(c)(i). The remaining sum will be paid in equal monthly installments, (subject to applicable withholding taxes and other customary deductions) commencing in the Company payroll period after the
month in which the midpoint of the Required Notice Period falls, for the remainder of the Required Notice Period. 

  

	 	(ii)	One half the payment calculated under Section 3(c)(ii) above shall be paid by the Company in a lump sum, (less applicable withholding taxes and other customary employee deductions),
within 30 days of the date of early termination as defined in Section 3(c)(ii). The remaining sum will be paid in equal monthly installments, subject to applicable federal, state and local tax withholdings, commencing in the Company payroll period
after the month in which the midpoint of the Foregone Notice Period falls, for the remainder of the Foregone Notice Period. If the Employee has commenced alternative employment before the payroll date in any month in which such a payment would
otherwise be made, the gross base salary earned by the Employee in that month shall be deducted from the gross monthly installment. The Employee shall notify the Board of Directors promptly upon obtaining new employment, which notice shall include
the Employee’s start date and gross monthly base salary. The Company undertakes for itself and its Directors to keep the gross monthly base salary confidential, subject to legal reporting requirements. 

  

 8 

	(e)	Where the Company terminates this Agreement other than for Cause the Company shall provide the Employee with an executive outplacement counselling program through an outplacement
services firm designated by the Company for a reasonable period of up to one year following the relevant date of early termination of employment at no fee to the Employee. 

  

	(f)	It is a pre-condition of any payment under Section 3(d) or benefit under Section 3(e) that the Employee shall have entered into such further agreements as the Company may require
for the sole purpose of releasing Cookson Group plc or the Company or any subsidiary or any of their officers and/or employees from any claims the Employee may have arising out of the employment relationship or its termination, except for claims
relating to workers’ compensation and or unemployment compensation, claims arising after the effective date of the said release agreements and claims relating to any breach of the said release agreements. The Company acknowledges that the said
release agreements in compromise or settlement of any claims shall be in compliance with the requirements for the valid waiver of said claims as set forth in the Age Discrimination in Employment Act, 29 U.S.C. sec.621 et seq.

  
 Section 4. Return of
Company Property. 
  
 The Employee acknowledges and
agrees that all computers, hardware, software, electronic and telephonic equipment, records, plans, manuals, guides, memoranda, lists, customer information, correspondence with customers or representatives, reports, records, charts, advertising
materials, and any data and other property (including any Company car) delivered to or acquired by the Employee by or on behalf of the Company or any of its subsidiaries or by an agent, representative or customer of any of them (including without
limitation, any such customers obtained by the Employee), and all records compiled by the Employee which pertain to the Company shall be and shall remain the property of the Company or its subsidiary, as the case may be, and be subject at all times
to the discretion and control of the Company and its subsidiaries and shall be delivered promptly to the Company, without request, by the Employee upon or before the termination of his employment with the Company, or at any time, upon the
Company’s written request. 
  
 Section 5.
Confidentiality. 
  
 The Employee shall not, during
the term of this Agreement and thereafter, make any Unauthorized Disclosure. For purposes of this Agreement, “Unauthorized Disclosure” shall mean use by the Employee for his own benefit and/or disclosure by the Employee to any
person other than a person to whom disclosure is reasonably necessary or appropriate in connection with the performance by the Employee of duties as an employee of the Company or any of its parents, subsidiaries or affiliates or as may be legally
required, of any confidential information relating to the Company or prospects of the Company or any of its parents, subsidiaries or affiliates (including, but not limited to, any information and 

  

 9 

 
materials pertaining to any proprietary rights); provided however, that such term shall not include the use or disclosure by the Employee, without consent,
of any publicly available information (other than information available as a result of disclosure in violation of this Section 5). This confidentiality covenant has no temporal, geographical or territorial restriction. 
  
 Section 6. Trade Secrets. 
  
 The Employee covenants that he shall, while employed by the Company, assign,
transfer and set over to the Company or its designee all right, title and interest in and to all trade secrets, secret processes, inventions, improvements, patents, patent applications, trademarks, trademark applications, copyrights, copyright
registrations, discoveries and/or any other developments (hereinafter “Inventions”) which he may thereafter, alone or in conjunction with others, during or outside normal working hours, conceive, make, acquire or suggest at any time which
relate to the products, processes, work, research, or other activities of the Company or any of its subsidiaries or affiliates. Any and all Inventions which are of a proprietary nature and which the Employee may conceive, acquire or suggest, either
alone or in conjunction with others, during his employment with the Company (whether during or outside normal working hours) relating to or in any way pertaining to or connected with the Company’s business, shall be the sole and exclusive
property of the Company or its designee and the Employee, whenever requested to do so by the Company, shall without further compensation or consideration properly execute any and all applications, assignments or other documents which the Company or
its designee shall deem necessary in order to apply for and obtain Letters Patent of the United States and/or comparable rights afforded by foreign countries for the Inventions, or in order to assign and convey to the Company or its designee the
sole and exclusive right, title and any interest in and to the Inventions. This obligation shall continue beyond the termination of this Agreement with respect to Inventions conceived or made by the Employee during the term of his employment by the
Company, and shall be binding upon his assigns, executors, administrators and other legal representatives. 
  
 Section 7. Covenants Not to Solicit. 
  
 The Employee agrees that during the term of his employment and for the Restricted Period after the termination of this
Agreement for any reason, the Employee will not, directly or indirectly, (i) attempt to hire any employee of the Company or any affiliate or subsidiary, (ii) assist in such hiring by any other person, (iii) encourage any such employee to terminate
his employment with the Company or any affiliate or subsidiary, (iv) encourage any customer or the Company or any affiliate or subsidiary to terminate its relationship with the Company or any affiliate or subsidiary, (v) encourage any supplier of
the Company or any affiliate or subsidiary to terminate its relationship with the Company or any affiliate or subsidiary. For the purposes of Section 7, the “Restricted Period” is equivalent to the Required Notice Period. 
  

 10 

 Section 8. Remedies. 
  
 The Employee acknowledges and agrees that the Company does not have any
adequate remedy for a breach or threatened breach by the Employee of any of the provisions of Sections 5, 6 and 7. The Company, in addition to, and not in limitation of, any other rights, remedies or damages available to the Company at law or in
equity, shall be entitled to a permanent injunction in order to prevent or restrain any such breach or threatened breach by the Employee or by the Employee’s partners, agents, representatives, servants, employers, employees, and/or any and all
persons directly or indirectly acting for or with him. 
  
 Section 9. Accounting for Profits. 
  
 The
Employee covenants and agrees that if he shall violate any of his covenants or agreements under Sections 5, 6 and 7, the Company shall be entitled to an accounting and repayment of all profits, compensation, commissions, remuneration or other
benefits that the Employee directly or indirectly has realized and/or may realize as a result of, growing out of, or in connection with, any such violation. These remedies shall be in addition to, and not in limitation of, any injunctive relief or
other rights or remedies to which the Company is or may be entitled at law, in equity, or under this Agreement. 
  
 Section 10. Reasonableness of Restrictions. 
  

	(a)	The Employee has carefully read and considered the provisions of Sections 5, 6 and 7 and having done so, agrees that the restrictions set forth in these Sections, including, but not
limited to, the time period of the restrictions set forth in Sections 5, 6 and 7 are fair and reasonable and are reasonably required for the protection of the interests of the Company and its officers, directors and other employees.

  

	(b)	If a court concludes that the restrictive covenant is not enforceable in any respect, the court shall be authorized to modify the scope or duration to the maximum extent deemed
reasonable and enforceable by the court. 

  
 Section 11. Complete Agreement. 
  
 There
are no oral representations, understandings or agreements with the Company or any of its directors, officers, or representatives covering the same subject matter as this Agreement and this Agreement supersedes any and all prior agreements (whether
written, oral or implied) concerning such subject matter between the Employee and the Company or any of its affiliates or subsidiaries, including the Employment Agreement dated June 1, 1989. This Agreement is the final, complete and exclusive
statement and expression of the agreement between the Company and the Employee and of all the terms of this Agreement, and it cannot be varied, contradicted or supplemented by evidence of any prior or contemporaneous oral or written agreements. This
Agreement may not be later modified except by a further 

  

 11 

 
writing signed by the parties, and no term of this Agreement may be waived except by a writing signed by the party waiving the benefit of such term.

  
 Section 12. No Waiver.

  
 No waiver by the parties hereto of any default or breach of
any term, condition or covenant of this Agreement shall be deemed to be a waiver of any subsequent default or breach of the same or any other term, condition or covenant contained herein. 
  
 Section 13. Notices. 
  
 All notices, demands or communications required or permitted hereunder shall be in writing. Any notice, demand or other
communication given under this Agreement, except for any notice given under Section 3(a), shall be deemed to be given if given in writing (including telecopy or similar transmission) addressed as provided below (or at such other address as the
addressee shall have specified by notice to the addresser) and if either (a) actually delivered in fully legible form to such address by telecopy or courier or (b) five (5) days shall have elapsed after the same shall have been deposited in the
United States mail, with first-class postage prepaid and registered or certified: 
  

			
	To the Company:	  	The President
	 	  	Cookson America, Inc.
	 	  	One Cookson Place
	 	  	Providence
	 	  	RI 02903
	 	  	USA
		
	To the Employee:	  	Raymond P. Sharpe
	 	  	230 President Avenue
	 	  	Providence
	 	  	RI 02906
	 	  	USA

  

 12 

			
	The Employee will send a copy of any notice to the Company to:	  	The Secretary
	 	  	Cookson America, Inc.
	 	  	One Cookson Place
	 	  	Providence
	 	  	RI 02903
	 	  	USA
		
	The Employee will send a copy of any notice to the Company to:	  	The Secretary
	 	  	Cookson Group plc
	 	  	265 The Strand
	 	  	London WC2R 1DB

  
 Section 14. Severability; Headings. 
  
 If
any portion of this Agreement is held invalid or inoperative, the other portions of this Agreement shall be deemed valid and operative and, so far as is reasonable and possible, effect shall be given to the intent manifested by the portion held
invalid or inoperative. The section and paragraph headings herein are for reference purposes only and are not intended in any way to describe, interpret, define or limit the extent or intent of this Agreement or of any part hereof. 
  
 Section 15. Costs of Proceedings. 

 
 In the event of a dispute between the parties arising out of the
Employee’s employment or its termination, the Company agrees that in the event that the Employee’s claim is successful in a Court of law, then it will pay the Employee’s reasonable attorneys’ fees and costs (as assessed by the
Court) provided that if the Company made a prior offer to settle the proceedings, declined by the Employee, for a sum equal to or in excess of that awarded by the Court, then the Company will not be obligated to pay any such attorneys’ fees or
costs. 
  
 Section 16. Governing
Law. 
  
 This Agreement shall in all respects be
construed according to the laws of Rhode Island, without giving effect to its conflict of law provisions. 
  

 13 

 Section 17. Burden and Benefit. 
  
 This Agreement shall be binding upon, and shall inure to the benefit of, the
Company and the Employee, and their respective heirs, personal and legal representatives, successors and assigns. 
  
 Section 18. Counterparts. 
  
 This Agreement may be executed in any two or more counterparts, each of which shall be deemed to be an original but all of which together shall constitute
one and the same instrument. 
  
 The parties hereto have executed
this Agreement as a sealed instrument as of the day and year first above written. 
  

			
	 COMPANY:

		
	By:	 	 /s/ Robert Beeston

	 	 	

	Name:	 	ROBERT BEESTON
	Title:	 	AUTHORISED SIGNATORY
	
	 EMPLOYEE:

	
	/s/ Raymond Sharpe
	

  

 14

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00067-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00067-of-00352.parquet"}]]