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Exhibit 10.2    
    

 
 

MONSTER WORLDWIDE, INC.
  1999 LONG TERM INCENTIVE PLAN
  
    (As Amended as of January 1, 2008)    
    

	1.
	General.

        (a)   Purpose.    The
purpose of the Monster Worldwide, Inc. 1999 Long Term Incentive Plan (the "Plan") is to establish a flexible vehicle through which
Monster Worldwide, Inc. (formerly known as TMP Worldwide Inc., the "Company") can offer equity-based compensation incentives to eligible recipients with a view toward promoting the
long-term financial success of the Company and enhancing stockholder value. 

        (b)   Types
of Awards.    Awards under the Plan may be in the form of any one or more of the following: (1) stock options, including "incentive stock options"
("ISOs") within the meaning of Section 422 of the Internal Revenue Code of 1986 (the "Code") and options which do not qualify as ISOs ("NQSOs"), described in Section 5; (2) stock
appreciation rights ("SARs"), described in Section 6; (3) awards of restricted stock ("Restricted Stock"), described in Section 7; (4) performance-based awards
("Performance-Based Awards") described in Section 8; (5) prior to June 16, 2005, automatic grants of NQSOs to Non-Employee Directors (within the meaning of
Section 9(a)) described in Section 9; (6) from and after June 16, 2005, automatic grants of shares of Common Stock to Non-Employee Directors (within the meaning
of Section 9(a)) described in Section 9A; and (7) such other types of equity-based awards as the Committee (defined herein) deems advisable, including, without limitation, phantom
stock awards, stock bonus awards, and dividend equivalent awards. 

        (c)   Stock
Covered by Awards.    Awards made under the Plan will be made in the form of or with reference to shares of the Company's common stock, $.001 par value
("Common Stock"). Shares of Common Stock available for issuance under the Plan may be either authorized and unissued or held by the Company in its treasury. No fractional shares of Common Stock will
be delivered under the Plan. 

        (d)   Documentation
of Awards.    Each award made under the Plan will be evidenced by a written agreement or other written instrument the terms of which will be
established by the Committee. To the extent not inconsistent with the provisions of the Plan, the written agreement or other instrument evidencing an award will govern the rights and obligations of
the parties with respect to the award. 

	2.
	Administration.

        (a)   Committee.    The
Plan will be administered by a committee (the "Committee") of two or more members of the Company's Board of Directors (the "Board"). The
members of the Committee will be appointed by and serve at the pleasure of the Board. Unless the Board determines otherwise, each member of the Committee must be a "non-employee director"
within the meaning of Rule 16b-3 issued under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Plan will be administered by the Board with respect to
discretionary grants made to Non-Employee Directors. 

        (b)   Authority
of Committee.    Subject to the limitations of the Plan, the Committee, acting in its sole and absolute discretion, will have full power and
authority to (1) select the persons to whom awards will be made under the Plan, (2) make awards to such persons and prescribe the terms and conditions of such awards (including, without
limitation, nonsolicitation, confidentiality and mandatory dispute resolution conditions), (3) interpret and apply the provisions of the Plan and of any agreement or other document evidencing
an award made under the Plan, (4) carry out any responsibility or duty specifically reserved to the Committee under the Plan, and (5) make any and all determinations and interpretations
and take such other actions as may be necessary or desirable in order to carry out the provisions, intent and purposes of the Plan. A majority of the members of the Committee will 

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constitute
a quorum. The Committee may act by the vote of a majority of its members present at a meeting at which there is a quorum or by unanimous written consent. The decision of the Committee as to
any disputed question, including questions of construction, interpretation and administration, will be final and conclusive on all persons. 

        (c)   Delegation
of Authority.    The Committee may delegate any of its powers and duties under the Plan to such officers of the Company or other persons as the
Committee deems appropriate in accordance with such guidelines as the Committee may establish, provided, however, that no such delegation may be made (1) with respect to any award intended to
qualify for the performance-based compensation exception of Section 162(m)(4)(C) of the Code, or (2) to the extent it would enable the delegate to grant, fix the terms of or amend or
cancel an award under the Plan to an individual who is required to file reports with respect to securities of the Company pursuant to Section 16(a) of the Exchange Act. 

        (d)   Indemnification.    The
Company will indemnify and hold harmless each member of the Committee and any employee or director of the Company or an affiliate to
whom any duty or power relating to the administration or interpretation of the Plan is delegated from and against any loss, cost, liability (including any sum paid in settlement of a claim with the
approval of the Board), damage and expense (including legal and other expenses incident thereto) arising out of or incurred in connection with the Plan, unless and except to the extent attributable to
such person's fraud or willful misconduct. 

	3.
	Participation.

        (a)   Awards
may be granted under the Plan to any member of the Board (whether or not an employee of the Company or an affiliate), to any officer or other employee of the
Company or an affiliate and to any consultant or other independent contractor who performs or will perform services for the Company or an affiliate. In selecting participants and determining the
nature and terms of awards made under the Plan, the Committee may give consideration to the functions and responsibilities of a potential recipient, his or her previous and/or expected contributions
to the business of the Company or its affiliates and such other factors as the Committee deems relevant under the circumstances. 

        (b)   Prior
to June 16, 2005, Non-Employee Directors will receive automatic grants of NQSOs pursuant to Section 9. From and after June 16,
2005, Non-Employee Directors will receive automatic grants of shares of Common Stock pursuant to Section 9A. 

	4.
	Limitations
on Awards under the Plan. 

        (a)   Aggregate
Number of Shares.    The maximum number of shares of Common Stock that may be issued under the Plan is the sum of (1) 30,000,000, and
(2) the number of shares remaining available for new awards under the TMP Worldwide Inc. 1996 Stock Option Plan, as amended, and the TMP Worldwide Inc. 1996 Stock Option Plan for
Non-Employee Directors (collectively, the "Prior Plans") including, without limitation, shares covered by any option outstanding under the Prior Plans which, by reason of the subsequent
expiration or cancellation of the option, are not issued under the Prior Plans. In determining the number of shares that remain issuable under the Plan at any time after the date the Plan is adopted,
the following shares will be deemed not to have been issued (and will be deemed to remain available for issuance) under the Plan: (i) shares remaining under an award made under this Plan or
under an option granted under the Prior Plans that terminates or is canceled without having been exercised or earned in full; (ii) shares subject to an award under this Plan where cash is
delivered to the holder of the award in lieu of such shares; (iii) shares of restricted stock awarded under this Plan that are forfeited in accordance with the terms of the applicable award;
and (iv) shares that are withheld in order to pay the purchase price of shares acquired upon the exercise of outstanding options granted under the Prior Plans or of awards granted under the
Plan or to satisfy the tax withholding obligations associated with such exercise. The number of shares of Common Stock 

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issued
in connection with the exercise of an option under the Prior Plans or an award under the Plan will be determined net of any previously-owned shares tendered by the holder of the option or award
in payment of the exercise price or of applicable withholding taxes. 

        (b)   Individual
Award Limits.    The maximum number of shares of Common Stock for which stock options may be granted under the Plan to any person in any calendar
year shall be 1,000,000. The maximum number of shares of Common Stock subject to SARs granted under the Plan to any person in any calendar year shall be 1,000,000. The aggregate maximum number of
shares of Common Stock subject to awards, other than options or SARs, that may be granted under the Plan to any person in any calendar year shall be 1,000,000. For purposes of this subsection, the
repricing of a stock option or SAR shall be treated as a new grant to the extent required under Section 162(m) of the Code. Subject to these limitations, each person eligible to participate in
the Plan will be eligible in any year to receive awards covering up to the full number of shares of Common Stock then available for awards under the Plan. No more than $1,000,000 may be paid to any
individual with respect to any cash Performance-Based Award covered by Section 8. In applying this limitation, multiple Performance-Based Awards to the same individual will be subject to a
single $1,000,000 limit if they are either (1) determined by reference to performance periods of one year or less ending with or within the same fiscal year of the Company, or
(2) determined by reference to one or more multi-year performance periods ending in the same fiscal year of the Company. 

	5.
	Stock
Options Awards. 

        (a)   ISOs
and NQSOs.    Subject to the provisions hereof, including, without limitation, this Section and Sections 10 and 11, the Committee may grant ISOs
and NQSOs to eligible personnel to purchase shares of Common Stock upon such terms and conditions as the Committee deems appropriate, provided that the Committee may only grant ISOs to employees of
the Company and its "subsidiaries" within the meaning of Section 424 of the Code. 

        (b)   Replacement
Options.    The Committee, acting in its discretion, may provide with respect to an option granted pursuant to this Section 5 (including,
without limitation, any option described in this subsection) that, if the grantee, while still an employee or otherwise in the service of the Company or an affiliate, exercises the option in whole or
in part using shares of Common Stock that were owned by the holder for at least six months prior to such exercise to pay the exercise price, then the grantee will automatically receive an additional
option ("replacement option") to purchase shares of Common Stock. The number of shares covered by a replacement option may not be greater than the number of shares used to pay the exercise price under
the original option plus the number of shares withheld by the Company for the payment of income taxes associated with the exercise of the original option (whether or not such income taxes are required
to be withheld). Unless the Committee determines otherwise, a replacement option will not become exercisable, if at all, for at least six months after the date it is granted and, unless sooner
terminated, will expire ten years after the date the option is granted. The Committee may prescribe such rules and procedures in connection with the exercise of options and the issuance of replacement
options as it deems appropriate, including, without limitation, procedures for telephonic exercise. 

        (c)   Exercise
Price.    The purchase price per share of Common Stock covered by an option granted pursuant to this Section 5 will be determined by the
Committee when the option is granted. The purchase price per share of Common Stock covered by an NQSO must be at least equal to the par value per share of Common Stock on the date the option is
granted, provided, however, that the purchase price per share of Common Stock covered by an NQSO which is a replacement option (described in the preceding subsection) or which is an option intended to
qualify for the performance-based compensation exception of Section 162(m)(4)(C) of the Code, may not be less than the fair market value per share of Common Stock (determined under the next
subsection) on the date the option is granted. The purchase price per share of Common Stock covered by an ISO may not be less 

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than
100% of the fair market value of a share of Common Stock on the date the ISO is granted (or, in the case of an optionee who, at the time the option is granted, owns stock possessing more than 10%
of the total combined voting power of all classes of stock of the Company or a "subsidiary" of the Company within the meaning of Section 424 of the Code, 110%). 

        (d)   Fair
Market Value of Common Stock.    For all purposes of the Plan, the fair market value of a share of Common Stock on any date will be equal to the closing
price per share as published by the principal national securities exchange (including, but not limited to, NASDAQ) on which shares of the Common Stock are traded on such date or, if there is no sale
of Common Stock on such date, the average of the bid and asked prices on such exchange at the close of trading on such date, or if shares of the Common Stock are not listed on a national securities
exchange on such date, the closing price or, if none, the average of the bid and asked prices in the over the counter market at the close of trading on such date, of if the Common Stock is not traded
on a national securities exchange or the over the counter market value of a share of the Common Stock on such date as determined in good faith by the Board. 

        (e)   Option
Period.    Subject to the provisions hereof, unless the Committee determines otherwise, no option granted pursuant to this Section 5 may be
exercised within six months after the date the option is granted. Unless sooner terminated, all such options will expire ten years after the date the option is granted (or, in the case of an ISO
granted to a ten percent stockholder described in Section 424 of the Code, five years). 

        (f)    Vesting
Conditions.    The Committee may establish such vesting and other restrictions on the exercise of an option and/or upon the disposition of the stock
acquired upon the exercise of an option as it deems appropriate. Unless the Committee prescribes otherwise, during an optionee's employment or service with the Company or an affiliate, each option
granted pursuant to this Section 5 (other than a replacement option) will be subject to a four-year vesting schedule pursuant to which, unless sooner terminated or accelerated, the
option will become vested as to 25% of the shares originally covered thereby at the end of each of the first four years following the date of grant, and each replacement option will become fully
vested as to all of the shares covered thereby on the first anniversary of the date the option is granted. 

        (g)   Exercise
of Options.    An option may be exercised by transmitting to the Company (1) a notice specifying the number of shares to be purchased and
(2) payment of the exercise price, together with the amount, if any, deemed necessary by the Committee to enable the Company to satisfy its federal, foreign or other tax withholding obligations
with respect to such exercise (unless other arrangements acceptable to the Company are made with respect to the satisfaction of such withholding obligations). The Committee may establish such rules
and procedures as it deems appropriate for the exercise of options under the Plan, including, without limitation, procedures for telephonic exercise. The purchase price of shares of Common Stock
acquired pursuant to the exercise of an option granted under the Plan may be paid in cash and/or such other form of payment as may be permitted by the Committee under the option agreement, including,
without limitation, shares of Common Stock which have been owned by the holder for at least six (6) months and installment payments under the optionee's promissory note. 

        (h)   Rights
as a Stockholder.    No shares of Common Stock will be issued in respect of the exercise of an option granted under the Plan until full payment therefor
has been made (and/or provided for where all or a portion of the purchase price is being paid in installments), and the applicable income tax withholding obligation has been satisfied or provided for.
The holder of an option will have no rights as a stockholder with respect to any shares covered by an option until the date a stock certificate for such shares is issued to him or her. Except as
otherwise provided herein, no adjustments shall be made for dividend distributions or other rights for which the record date is prior to the date such stock certificate is issued. 

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        (i)    Other
Provisions.    The Committee may impose such other conditions with respect to the exercise of options, including, without limitation, any conditions
relating to the application of federal or state securities laws or exchange requirements, as it may deem necessary or advisable. 

	6.
	Stock
Appreciation Rights. 

        (a)   General.    Subject
to the provisions hereof, the Committee may award SARs to eligible personnel upon such terms and conditions as it deems appropriate. A SAR
is an award entitling the holder, upon exercise, to receive an amount, in cash or shares of Common Stock or a combination thereof, as determined by the Committee in its sole discretion, determined
with reference to the appreciation, if any, in the fair market value of Common Stock during the period beginning on the date the SAR is granted and ending on the date the SAR is exercised. 

        (b)   Types
of SARs.    SARs may be awarded under the Plan in conjunction with a stock option award ("tandem SARs") or independent of any stock option award
("stand-alone SARs"). Tandem SARs awarded in conjunction with a NQSO may be awarded either at or after the time the NQSO is granted. Tandem SARs awarded in conjunction with an ISO may only be awarded
at the time the ISO is granted. 

        (c)   Exercisability
of SARs.    Unless the Committee determines otherwise, no SAR may be exercised until the expiration of six months from the date the SAR is
awarded. Except as otherwise provided herein, a tandem SAR will be exercisable only at the same time and to the same extent and subject to the same conditions as the related option is exercisable. The
exercise of a tandem SAR will cancel the related option to the extent of the shares of Common Stock with respect to which the SAR is exercised, and vice versa. Tandem SARs may be exercised only when
the fair market value of the Common Stock to which it relates exceeds the option exercise price. The Committee may impose such additional service or performance-based vesting conditions upon the
exercise of a SAR (tandem or stand-alone) as it deems appropriate. 

        (d)   Exercise
of SARs.    A SAR may be exercised by giving written notice to the Company identifying the SAR that is being exercised, specifying the number of
shares covered by the exercise and containing such other information or statements as the Committee may require. The Committee may establish such rules and procedures as it deems appropriate for the
exercise of SARs under the Plan, including, without limitation, procedures for telephonic exercise. Upon the exercise of a SAR, the holder will be entitled to receive an amount (in cash and/or shares
of Common Stock as determined by the Committee) equal to the product of (1) the number of shares with respect to which the SAR is being exercised and (2) the difference between the fair
market value of a share of Common Stock on the date the SAR is exercised (or such other exercise price as may be specified in the award) and the exercise price per share of the SAR. As a condition of
exercise, the holder must pay to the Company or make arrangements satisfactory to the Company for the payment of applicable withholding taxes. 

        (e)   Deferral
of Payment.    The Committee may at any time and from time to time provide for the deferral of delivery of any shares and/or cash for which a SAR may
be exercisable until such date or dates and upon such other terms and conditions as the Committee may determine. 

	7.
	Restricted
Stock Awards. 

        (a)   General.    Subject
to the provisions of the Plan, the Committee may award shares of Common Stock to eligible personnel upon such terms and subject to such
forfeiture and other conditions as the Committee deems appropriate. The terms and conditions of any such stock award will be evidenced by a written restricted stock agreement or other instrument
approved for this purpose by the Committee. 

        (b)   Stock
Certificates for Restricted Stock.    Unless the Committee elects to use a different method (such as, for example, the issuance and delivery of stock
certificates) shares of restricted stock will be evidenced by book entries on the Company's stock transfer records pending the expiration of 

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restrictions
thereon. If a stock certificate for restricted stock is issued in the name of the grantee, it will bear an appropriate legend to reflect the nature of the restrictions applicable to the
shares represented by the certificate, and the Committee may require that such stock certificates be held in custody by the Company until the restrictions on such shares have lapsed. The Committee may
establish such other conditions as it deems appropriate in connection with the issuance of stock certificates for shares of restricted stock, including, without limitation, a requirement that the
grantee deliver a duly signed stock power, endorsed in blank, for the shares covered by the award. 

        (c)   Purchase
Price.    The purchase price payable for shares of restricted stock awarded under the Plan will be determined by the Committee. To the extent
permitted by applicable law, the purchase price may be as low as zero and, to the extent required by the applicable law, the purchase price will be no less than the par value of the shares covered by
the award. 

        (d)   Restrictions
and Vesting.    The Committee will establish such conditions as it deems appropriate on the grant or vesting of restricted stock awarded under the
Plan. Such conditions may be based upon continued service, the attainment of performance goals (which, in the case of grants of restricted stock intended to qualify for the performance-based
compensation exception under Section 162(m)(4)(C) of the Code, satisfy the requirements of Section 8) and/or such other relevant factors or criteria designated by the Committee. The
holder of restricted stock will not be permitted to transfer shares of restricted stock awarded under the Plan before the time the applicable vesting conditions are satisfied. 

        (e)   Rights
as a Stockholder.    Except as provided herein and as otherwise determined by the Committee, the recipient of a restricted stock award shall have with
respect to his or her restricted stock all of the rights of a holder of shares of Common Stock, including, without limitation, the right to receive any dividends, the right to vote such shares and,
subject to satisfaction of the applicable vesting conditions, the right to tender such shares. The Committee may, in its sole discretion, determine at the time of grant that the payment of dividends
will be deferred until, and conditioned upon, the satisfaction of the applicable vesting conditions. 

        (f)    Lapse
of Restrictions.    If and when the vesting conditions are satisfied with respect to a restricted stock award, a certificate for the shares covered by
the award, to the extent vested, will be delivered to the grantee. All legends shall be removed from said certificates at the time of delivery except as otherwise required by applicable law. 

	8.
	Performance-Based
Awards. 

        (a)   General.    The
Committee may condition the exercise, vesting or settlement of an award made under the Plan on the achievement of specified performance goals.
The provisions of this Section will apply in the case of a performance-based award that is intended to generate "qualified performance-based compensation" within the meaning of Section 162(m)
of the Code. 

        (b)   Objective
Performance Goals.    A performance goal established in connection with an award covered by this Section must be (1) objective, in the sense
that a third party having knowledge of the relevant facts could determine whether the goal is met, (2) prescribed in writing by the Committee before the beginning of the applicable performance
period or at such later date (when fulfillment is substantially uncertain) as may be permitted under Section 162(m) of the Code, and (3) expressed in the following manner with respect to
any one or more of the following business criteria: 

        A.    attainment
of certain target levels of, or a specified percentage increase in, revenues, income before income taxes and extraordinary items (determined in accordance with
standards established by Opinion No. 30 of the Accounting Principles Board), net income, earnings before income tax, earnings before interest, taxes, depreciation and amortization or a
combination of any or all of the foregoing; 

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        B.    attainment
of certain target levels of, or a percentage increase in, after-tax or pre-tax profits; 

        C.    attainment
of certain target levels of, or a specified increase in, operational cash flow; 

        D.    achievement
of a certain level of, reduction of, or other specified objectives with regard to limiting the level of increase in, all or a portion of, the Company's bank
debt or other long-term or short-term public or private debt or other similar financial obligations of the Company, which may be calculated net of such cash balances and/or
other offsets and adjustments as may be established by the Committee; 

        E.    attainment
of a specified percentage increase in earnings per share or earnings per share from continuing operations; 

        F.     attainment
of certain target levels of, or a specified increase in return on capital employed or return on invested capital; 

        G.    attainment
of certain target levels of, or a percentage increase in, after-tax return on stockholders' equity; 

        H.    attainment
of certain target levels of, or a specified increase in, economic value added targets based on a cash flow return on investment formula; 

        I.     attainment
of certain target levels in the fair market value of the shares of the Company's Common Stock; and 

        J.     growth
in the value of an investment in the Company's Common Stock assuming the reinvestment of dividends. 

     If
and to the extent permitted under Section 162(m) of the Code, such performance goals may be determined without regard to (or adjusted for) changes in accounting
methods, corporate transactions (including, without limitation, dispositions and acquisitions) and other similar types of events or circumstances occurring during the applicable performance period.
The Committee may not delegate any responsibility with respect to the establishment or determination of performance goals to which awards covered by this Section are subject. 

        (c)   Calculation
of Performance-Based Award.    At the expiration of the applicable performance period, the Committee will determine the extent to which the
performance goals established pursuant to this Section are achieved and the percentage of each performance-based award that has been earned. The Committee may reduce the amount that would otherwise be
payable pursuant to an award covered by this Section, but may not exercise its discretion to increase such amount. 

	9.
	Non-Employee
Director Stock Option Awards. 

        (a)   Definition.    For
all purposes hereof, the term "Non-Employee Director" means any member of the Board who is not also an employee of the Company
or any affiliate. 

        (b)   Automatic
Grants.    Without further action by the Board or the stockholders of the Company, (1) each Non-Employee Director shall, subject
to the terms of the Plan, be granted an option to purchase 22,500 shares of Common Stock on the date he or she first commences service as a Non-Employee Director provided such date occurs
after the date the Plan is adopted (the "Initial Grant"), and (2) each Non-Employee Director will be granted an option to purchase 5,000 shares of Common Stock on the trading day
following each annual meeting of the Company's stockholders that occurs after the date the Plan is adopted and at least one year after the date he or she first became a Non-Employee
Director (the "Annual Grant"). Notwithstanding the foregoing, no future grants of options pursuant to this Section 9 shall be made on or after June 16, 2005. 

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        (c)   Option
Agreement.    Stock options granted pursuant to this Section 9 will be NQSOs. Such options shall be evidenced by written option agreements on a
form approved by the Board. Such agreements shall contain such terms and conditions as are not inconsistent with the terms and conditions hereof. 

        (d)   Terms
of Options. 

        (i)    Exercise
Price.    The purchase price per share deliverable upon the exercise of an option shall be 100% of the closing price of such Common Stock, as
published by the principal national securities exchange (including, but not limited to, NASDAQ) on which shares of the Common Stock are traded on such date, at the date of the grant of the Option. 

        (ii)   Vesting
Conditions.    An Initial Grant will be 50% vested at the time of the grant, and will become 100% vested on the first anniversary of the date of
grant, provided the optionee is still a Non-Employee Director on the vesting date. An Annual Grant will become vested as to 50% of the shares originally covered thereby on each of the
first two anniversaries of the grant date, provided the optionee is still a Non-Employee Director on the vesting date. 

        (iii)  Effect
of Termination of Service.    The provisions of Section 11(a) shall apply to options granted pursuant to this Section 9. 

        (iv)  Capital
Transactions; Change in Control.    The provisions of Section 12 shall apply to options granted pursuant to this Section 9. 

        (e)   Expiration.    Except
as otherwise provided herein, if not previously exercised, each option will expire on the tenth anniversary of the date of grant. 

9A.    Non-Employee
Director Common Stock Awards. 

        (a)   Automatic
Grants.    From and after May 30, 2007, without further action by the Board or the stockholders of the Company: (1) each
Non-Employee Director shall be granted 5,000 shares of Common Stock on the date he or she first commences service as a Non-Employee Director (the "Initial Stock Grant"), and
(2) each Non-Employee Director shall be granted 3,000 shares of Common Stock on the trading day following each annual meeting of the Company's stockholders, provided that such
Non-Employee Director was a Non-Employee Director at or was appointed or elected to the Board as a Non-Employee Director at the preceding annual meeting of the
Company's stockholders (the "Annual Stock Grant"). 

        (b)   Award
Agreement.    The Initial Stock Grant and the Annual Stock Grant shall be evidenced by written award agreements on a form approved by the Board. Such
agreements shall contain such terms and conditions as are not inconsistent with the terms and conditions hereof. 

        (c)   Terms
and Conditions of Common Stock Awards. 

        (i)    Vesting
Conditions.    Each Initial Stock Grant shall be immediately vested with respect to fifty percent (50%) of the shares of Common Stock on the grant date
and shall become vested with respect to the remaining fifty percent (50%) of the shares of Common Stock on the first anniversary of the grant date, provided the Non-Employee Director
remains in service on the Board through such anniversary date. Each Annual Stock Grant shall become vested with respect to fifty percent (50%) of the shares of Common Stock on each of the first two
anniversaries of the grant date, provided the Non-Employee Director remains in service on the Board through such anniversary date. Notwithstanding the foregoing, all unvested shares of
Common Stock granted pursuant to this Section 9A shall immediately vest in full upon the occurrence of a Change in Control (as defined below). 

        (ii)   Transfer
Restrictions.    A Non-Employee Director may not sell, assign, transfer, dispose of, pledge or otherwise hypothecate any unvested shares
of Common Stock granted pursuant to 

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this
Section 9A prior to the date on which such shares become vested pursuant to subsection (c)(i) above. 

        (iii)  Termination
of Service on the Board.    Upon the termination of a Non-Employee Director's service on the Board for any reason (including death
and disability) or no reason, all then unvested shares of Common Stock granted pursuant to this Section 9A shall automatically be forfeited by the Non-Employee Director (or his
successors) to the Company, without compensation, and any certificate therefor or book entry with respect thereto or other evidence thereof will be canceled, except that such Common Stock shall not be
forfeited if prior to such termination the Board provides that as of a date specified, all restrictions on such Common Stock granted to a Non-Employee Director shall lapse and such
Non-Employee Director shall become fully vested in such Common Stock. 

        (iv)  Stock
Certificates.    Unless the Board elects to use a different method, if and when the vesting conditions, if any, are satisfied with respect to shares of
Common Stock granted pursuant to this Section 9A, a stock certificate or certificates representing such shares will be promptly delivered to the Non-Employee Director (and shall not
bear any legend at the time of delivery, except as otherwise required by applicable law). 

        (v)   Rights
as a Stockholder.    A Non-Employee Director shall not have the rights of a stockholder with respect to unvested shares of Common Stock
granted pursuant to this Section 9A, except the right to receive any dividends with respect thereto and, subject to satisfaction of the applicable vesting conditions with respect to any
unvested shares of Common Stock, the right to tender such shares. Any such dividend shall be subject to the vesting, transfer and forfeiture conditions contained herein to the same extent as the
shares with respect to which such dividend is made. 

        10.    Non-Transferability of Awards.    No stock option, SAR, Performance Award or other stock-based
award under the Plan shall be transferable by the recipient other than upon the recipient's death to a beneficiary designated by the recipient in a manner acceptable to the Committee, or, if no
designated beneficiary shall survive the recipient, pursuant to the recipient's will or by the laws of descent and distribution. All stock options and SARs shall be exercisable during the recipient's
lifetime only by the recipient. Tandem stock appreciation rights shall be transferable, to the extent permitted above, only with the underlying stock option. Shares of restricted stock may not be
transferred prior to the date on which shares are issued, or, if later, the date on which such shares have vested and are free of any applicable restriction imposed hereunder. Except as otherwise
specifically provided by law or the provisions hereof, no award received under the Plan may be transferred in any manner, and any attempt to transfer any such award shall be void, and no such award
shall in any manner be liable for or subject to the debts, contracts, liabilities, engagements or torts of any person who shall be entitled to such award, nor shall it be subject to attachment or
legal process for or against such person. Notwithstanding the foregoing, the Committee may determine at the time of grant or thereafter that an NQSO is transferable in whole or part to such persons,
under such circumstances, and subject to such conditions as the Committee may prescribe. 

        11.    Effect of Termination of Employment or Service.    Unless otherwise determined by the Committee at grant or, if
no rights of the participant are thereby reduced, thereafter, and subject to earlier termination in accordance with the provisions hereof, the following rules apply with regard to vesting and exercise
of awards held by a participant at the time of his or her termination of employment or other service with the Company and its affiliates. 

	(a)
	Rules
Applicable to Stock Options and SARs. 

        1)    Termination
by Reason of Death.    If a participant's employment or service terminates by reason of his or her death, then any stock option or SAR held by the
deceased 

9

 

participant
will thereupon become fully vested and may be exercised by the deceased participant's beneficiary at any time within one year from the date of death but in no event after expiration of the
stated term. 

        2)    Termination
by Reason of Disability.    If a participant's employment or service terminates by reason of his or her disability (defined below), then any stock
option or SAR held by the participant, to the extent exercisable on the date his or her employment or service terminates, may be exercised by the participant at any time within one year from the date
his or her employment or service terminates but in no event after expiration of the stated term. If the participant dies during such one-year period and before the option or SAR is
exercised, then the deceased participant's beneficiary may exercise the option or SAR, to the extent exercisable by the deceased participant immediately prior to his or her death, for a period of one
year following the date of death but in no event after expiration of the stated term. For the purposes hereof, the term "disability" means the inability of a participant to perform the customary
duties of his or her employment or other service for the Company or an affiliate by reason of a physical or mental incapacity which is expected to result in death or be of indefinite duration. 

        3)    Other
Termination.    If a participant's employment or service terminates for any reason (other than death or disability) or no reason, then all stock options
and SARs held by the participant, to the extent otherwise exercisable on the date his or her employment or service is terminated, may be exercised by the participant at any time within a period of six
months from the termination date, but in no event beyond the expiration of the stated term of such stock options and SARs. 

        (b)   Rules
Applicable to Restricted Stock.    Upon the termination of a participant's employment or service for any reason (including death and disability) or no
reason, restricted stock which has not yet become fully vested will, unless otherwise determined by the Committee, automatically be forfeited by the participant (or the participant's successors) and
any certificate therefor or book entry with respect thereto or other evidence thereof will be canceled. 

        (c)   Rules
Applicable to Performance-Based Awards.    Upon termination of a participant's employment or service for any reason (including death and disability) or
no reason, then the participant's outstanding performance-based awards will, unless otherwise determined by the Committee, thereupon expire and
the participant (or his or her beneficiary, as the case may be) will not be entitled to receive any amount in respect of the performance period or cycle within which the participant's employment or
service is terminated. 

        (d)   Rules
Applicable to Other Stock-Based Awards.    Rules similar to those set forth in subsection (b) (relating to restricted stock awards) will apply in
connection with the termination of employment or service of a participant who holds any other form of stock-based award granted under the plan that has not yet vested and/or is contingent upon future
performance of services. 

	12.
	Capital
Changes; Change in Control. 

        (a)   Adjustments
Upon Changes in Capitalization.    The aggregate number and class of shares for which awards may be granted under the Plan, the maximum number of
shares covered by awards that may be granted to any individual in any calendar year, the number and class of shares that will be covered by automatic grants made to Non-Employee Directors
pursuant to Section 9A, the number and class of shares covered by each outstanding award and, if applicable, the exercise price per share shall all be adjusted proportionately or as otherwise
appropriate to reflect any increase or decrease in the number of issued shares of Common Stock resulting from a split-up or consolidation of shares or any like capital adjustment, or the
payment of any stock dividend, 

10

 

and/or
to reflect a change in the character or class of shares covered by the Plan arising from a readjustment or recapitalization of the Company's capital stock. 

        (b)   Change
in Control.    If, in connection with a Change in Control (defined below), the stockholders of the Company receive capital stock of another corporation
("Exchange Stock") in exchange for their shares of Common Stock (whether or not such Exchange Stock is the sole consideration), and if the Board so directs, then all outstanding options will be
converted into options to purchase shares of Exchange Stock. The number of shares and exercise price under the converted options will be determined by adjusting the number of shares and exercise price
for the options granted hereunder on the same basis as the determination of the number of shares of Exchange Stock the holders of Common Stock will receive in connection with the Change in Control
and, unless the Board determines otherwise, the vesting conditions with respect to the converted options will be substantially the same as the vesting conditions set forth in the original option
agreement. If the Board does not direct the conversion of outstanding options in connection with a Change in Control, then all optionees will be permitted to exercise their outstanding options in
whole or in part (whether or not otherwise vested or exercisable) prior to the Change in Control, and any outstanding options which are not exercised before the Change in Control will thereupon
terminate. 

        (c)   Definition
of Change in Control. For purposes of the Plan, a "Change in Control" means at such time as any of: 

        (i)    the
direct or indirect sale, transfer, conveyance or other disposition, in one or a series of related transactions, of all or substantially all of the properties or
assets of the Company and its subsidiaries, taken as a whole, to any "person" (within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")); 

        (ii)   the
stockholders of the Company approve a plan of complete liquidation of the Company; 

        (iii)  any
"person" or "group" (within the meaning of Sections 13(d) and 14(d)(2) of the Exchange Act), other than any Permitted Investor, is or becomes the
"beneficial owner" (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of more than 25% of the total voting power of the Voting Interests of the Company on a
fully diluted basis; 

        (iv)  the
stockholders of the Company approve a merger or consolidation of the Company with any other entity, other than a merger or consolidation which would result in the
voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity)
more than 50% of the total voting power represented by the voting securities of the Company or such surviving entity outstanding immediately after such merger or consolidation; or 

        (v)   the
first day as of which a majority of the members of the Board of Directors of the Company are not Continuing Directors. 

For
purposes of the definition of Change in Control: 

        "Continuing
Directors" means (i) the directors of the Company on the Effective Date, and (ii) each other director if, in each case, such other director's nomination or
election for election to the Board of Directors of the Company is recommended or approved by at least a majority of the then Continuing Directors. 

        "Effective
Date" means January 1, 2008. 

11

 

        "Permitted
Investor" means (i) any person that owns shares of Class B Common Stock of the Company on the Effective Date; provided, however, that, no person that owns shares
of Class B Common Stock on the Effective Date shall be deemed a Permitted Investor pursuant to the exemption provided in this clause (i) once such person no longer holds all or
substantially all of such shares of Class B Common Stock (whether as a result of the conversion of such shares or otherwise); (ii) any person or group (within the meaning of
Sections 13(d) and 14(d)(2) of the Exchange Act) that a majority of the Continuing Directors shall have approved the acquisition of more than 25% of the outstanding Voting Interest by such
person or group; provided that such Continuing Directors approve such acquisition (1) prior to the date such person or group beneficially owns, directly or indirectly, more than 5% of the
Voting Interest, (2) in the case of any holder of more than 5% and less than 10% of the Common Stock on the Effective Date , prior to the date such person or group beneficially owns, directly
or indirectly, more than 10% of the Voting Interest (or 15% of the Voting Interest if such holder owns more than 10% of the Voting Interest solely as a result of the conversion of all or substantially
all of the shares of Class B Common Stock), or (3) in the case of any holder of more than 10% of the Common Stock on the Effective Date, prior to the date such person or group
beneficially owns, directly or indirectly, more than 20% of the Voting Interest; or (iii) any employee benefit plan (or any trust forming a part thereof) maintained by the Company or any
subsidiary of the Company. Notwithstanding the foregoing, no such person or group shall be deemed a Permitted Investor if, in connection with the acquisition of the Voting Interest by such person or
group, the Voting Interest are no longer listed on a U.S. national securities exchange or the NASDAQ Stock Market. 

        "Voting
Interests" means shares of capital stock issued by the Company, the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of
directors of the Company, even if the right so to vote has been suspended by the happening of such a contingency. 

 In
the event of a Change in Control, the Company shall have the right (but not the obligation) to pay to an individual, in full satisfaction of all rights and entitlements of the
individual pursuant to an award granted under the Plan and in lieu of the delivery of any Common Stock, either (i) cash or (ii) the same consideration as received by the holders of
common stock pursuant to the Change in Control, equal to the fair market value of the award as of the date of the Change of Control.. 

        (d)   Fractional
Shares.    In the event of any adjustment in the number of shares covered by any option pursuant to the provisions hereof, any fractional shares
resulting from such adjustment will be disregarded, and each such option will cover only the number of full shares resulting from the adjustment. 

        (e)   Determination
of Board to be Final.    All adjustments under this Section shall be made by the Board, and its determination as to what adjustments shall be
made, and the extent thereof, shall be final, binding and conclusive. 

        13.    Amendment and Termination.    The Board may amend or terminate the Plan, provided, however, that no such action
may affect adversely the accrued rights of the holder of any outstanding award without the consent of the holder. Except as otherwise provided in Section 12, any amendment which would increase
the aggregate number of shares of Common Stock for which awards may be granted under the Plan or modify the class of recipients eligible to receive stock-based awards under the Plan shall be subject
to the approval of the Company's stockholders. The Committee may amend the terms of any agreement or certificate made or issued hereunder at any time and from time to time provided, however, that any
amendment which would adversely affect the accrued rights of the holder may not be made without his or her consent. 

12

 

        14.    No Rights Conferred.    Nothing contained herein will be deemed to give any individual any right to receive an
option under the Plan or to be retained in the employ or service of the Company or any affiliate of the Company. 

        15.    Governing Law.    The Plan and each option agreement shall be governed by the laws of the State of Delaware,
except as otherwise provided in the option agreement. 

        16.    Decisions and Determinations of Committee to be Final.    Any decision or determination made by the Board
pursuant to the provisions hereof and, except to the extent rights or powers under this Plan are reserved specifically to the discretion of the Board, all decisions and determinations of the Committee
are final and binding. 

        17.    Term of the Plan.    The Plan shall be effective as of December 9, 1998, subject to the approval of the
stockholders of the Company within one year from the date of adoption by the Board. The Plan will terminate on December 9, 2008, unless sooner terminated by the Board. The rights of any person
with respect to an award made under the Plan that is outstanding at the time of the termination of the Plan shall not be affected solely by reason of the termination of the Plan and shall continue in
accordance with the terms of the award (as then in effect or thereafter amended) and the Plan. 

13

QuickLinks

Exhibit 10.2

MONSTER WORLDWIDE, INC. 1999 LONG TERM INCENTIVE PLAN (As Amended as of January 1, 2008)Exhibit
10.2

 

DATED
13 March 2008

 

VIRGIN
MEDIA LIMITED

 

and

 

Andrew Barron

 

 

SERVICE
AGREEMENT 

 

 

 

Virgin Media Limited

160
Great Portland Street

London

W1W 5QA

 

 

CONTENTS

 

	
  Clause

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  
	
  1

  	
  DEFINITIONS AND INTERPRETATION

  	
  1

  
	
  2

  	
  TERM OF EMPLOYMENT

  	
  2

  
	
  3

  	
  DUTIES

  	
  2

  
	
  4

  	
  HOURS OF WORK

  	
  3

  
	
  5

  	
  GRATUITIES

  	
  3

  
	
  6.

  	
  CODES OF CONDUCT

  	
  3

  
	
  7.

  	
  REMUNERATION

  	
  4

  
	
  8

  	
  PENSION SCHEME

  	
  5

  
	
  9

  	
  OTHER BENEFITS

  	
  5

  
	
  10

  	
  COMPANY CAR/CAR ALLOWANCE

  	
  6

  
	
  11

  	
  EXPENSES

  	
  7

  
	
  12

  	
  ANNUAL LEAVE

  	
  7

  
	
  13

  	
  ILLNESS

  	
  7

  
	
  14

  	
  RESTRICTIONS DURING EMPLOYMENT

  	
  8

  
	
  15

  	
  INTELLECTUAL PROPERTY

  	
  8

  
	
  16

  	
  CONFIDENTIALITY

  	
  9

  
	
  17

  	
  DATA PROTECTION

  	
  10

  
	
  18

  	
  DEDUCTIONS FROM SALARY

  	
  10

  
	
  19

  	
  HEALTH AND SAFETY

  	
  11

  
	
  20

  	
  ENTITLEMENT TO WORK IN THE UK

  	
  11

  
	
  21

  	
  MONITORING

  	
  11

  
	
  22

  	
  TERMINATION OF EMPLOYMENT

  	
  11

  
	
  23

  	
  SUSPENSION

  	
  13

  
	
  24

  	
  TERMINATION AND RETURN OF COMPANY PROPERTY

  	
  14

  
	
  25

  	
  RECONSTRUCTION OR AMALGAMATION

  	
  14

  
	
  26

  	
  RESTRICTIONS

  	
  16

  
	
  27

  	
  SEVERABILITY

  	
  17

  
	
  28

  	
  THIRD PARTIES

  	
  18

  
	
  29

  	
  NOTICES

  	
  18

  
	
  30

  	
  STATUTORY INFORMATION

  	
  18

  

 

i

 

	
  31

  	
  MISCELLANEOUS

  	
  10

  
	
  32

  	
  CHANGES TO TERMS AND CONDITIONS

  	
  19

  
	
   

  	
   

  	
   

  
	
  SCHEDULE 1

  	
   

  	
  10

  
	
  Options to purchase common stock of Virgin Media Inc.

  	
   

  	
   

  
	
  SCHEDULE 2

  	
   

  	
  21

  
	
  Statement Of Particulars Pursuant To The Employment Rights
  Act 1996

  	
   

  	
   

  
	
  SCHEDULE 3

  	
   

  	
  22

  
	
  Certificate of Compliance

  	
   

  	
   

  
				

 

ii

 

THIS DEED is made on 13 March 2008

 

BETWEEN:

 

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

 

(2)           Andrew
Barron (the “Executive”).

 

recital

 

The Company shall employ the Executive and
the Executive shall serve the Company as Managing Director, Strategy of the
Company on the following terms and subject to the following conditions (the “Agreement”):

 

NOW
THIS DEED WITNESSES:

 

1              DEFINITIONS AND INTERPRETATION

 

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

 

“Garden Leave”

 

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

 

“Group”

 

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

 

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

 

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

 

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

 

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

 

1

 

2              TERM OF EMPLOYMENT

 

2.1           The
employment of the Executive shall be deemed to have commenced on 17 March 2008
and (subject to termination as provided below) shall be for an indefinite
period terminable by either party giving to the other:

 

2.1.1        6 months
notice in writing if such notice is given by either party on or before 25
September 2008; or

 

2.1.2        12 months
notice in writing if such notice is given by either party at any time after 25
September 2008.

 

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

 

2.3           The
Executive represents and warrants that he is not bound by or subject to any
contract, court order, agreement, arrangement or undertaking which in any way
restricts or prohibits him from entering into this Agreement or performing his
duties under it.

 

3              DUTIES

 

3.1           The
Executive shall during his employment under this Agreement:

 

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

 

3.1.2        report
directly to the Chief Executive Officer or Acting Chief Executive Officer of
the Group;

 

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

 

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

 

3.1.5        faithfully
and diligently serve the Group;

 

3.1.6        act in
the best interests of the Group;

 

3.1.7        comply
with his fiduciary duties;

 

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

 

2

 

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

 

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

 

3.3           The
Executive’s normal place of work will be Bartley Wood Business Park, Bartley Way, Hook, RG27 9UP and 160 Great Portland
Street, London, W1W 5QA. The Executive agrees that he
may however work in any place within the United Kingdom, which the Company may
reasonably require and he may be required to travel abroad when required by the
Group for the proper performance of his duties.

 

4              HOURS OF WORK

 

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

 

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

 

5              GRATUITIES

 

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

 

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

 

6              CODES OF CONDUCT

 

6.1           The
Executive shall comply (and procure that his spouse and minor children shall
comply) with all applicable rules and regulations of the NASDAQ Exchange and
the laws of the United States of America applicable to any Group Company,
including without limitation the regulations of the U.S.
Securities and Exchange Commission,

 

3

 

and any other codes, rules or regulations of any other relevant
regulatory authority in the UK, USA or any other relevant jurisdiction from
time to time in relation to the holding or trading of shares, debentures or
other securities.

 

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

 

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

 

7              REMUNERATION

 

7.1           The
Company shall pay to the Executive a salary at the rate of three hundred and
thirty thousand pounds (£330,000) gross per year subject to deductions for
income tax and national insurance contributions and inclusive of any fees
payable to him by reason of his holding any Office in any Group Company.

 

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

 

7.3           The
Executive’s salary shall be reviewed once in every year; normally the 1st
July of each year. The undertaking of a salary review does not confer a
contractual right (whether express or implied) to any increase in salary and
the Executive acknowledges that any salary increase is at the discretion of the
Company.

 

7.4           The
Executive is eligible to participate in such bonus scheme as the Group may from
time to time nominate subject to the rules of such scheme as amended from time
to time. The payment of any bonus together with any amount payable is at the
Group’s absolute discretion and may from time to time be determined by the
Group. Any bonus payment will not be part of the contractual remuneration or
fixed salary hereunder. Details of the bonus scheme will be communicated to the
Executive separately.

 

7.5           The Executive shall be entitled to a guaranteed bonus payment of
56.25% of base salary for the 2008 fiscal year, payable in the first quarter of
2009.

 

7.6           The entitlement to and payment of any bonus is conditional upon the
Executive being employed on the last calendar day of the month in which the
bonus is paid (currently March). The Executive acknowledges that the
termination of the Executive’s employment whether lawful or unlawful prior to
the last calendar day of the relevant bonus period shall
not in any circumstance give rise to a claim by the Executive for 

 

4

 

compensation in lieu of such bonus or compensation to
cover the loss of opportunity to earn such bonus. In the event that the Company
improves this policy for senior executives, it will consider application of
that policy to the Executive.

 

8              PENSION SCHEME

 

8.1           The
Executive will be eligible to become a member of the Company’s group pension
plan (“Pension Plan”), to which the Company shall contribute the amount of 12%
of base salary, which amount may be increased from time to time in accordance
with prevailing Company limits and the rules of the Pension Plan. The Executive
will be contracted into the State Second Pension (S2P) unless the Executive
opts to contract-out or contracting-out is a requirement of the Executive’s
plan. The Executive’s contributions will be deducted from monthly salary
payments and passed on to the Pension Plan provider. At any time the Company
may elect to suspend or terminate operation of the Pension Plan and replace
them with another arrangement(s). An outline description of the terms of the
Pension Plan, are set out in a member’s guide. A copy of this document is
available from Human Resources or may be available on the Group intranet site.

 

9              OTHER BENEFITS

 

9.1           During
the employment term, the Executive shall be eligible to receive options to
purchase common stock of Virgin Media Inc. as set forth in Schedule 1. Any
further options to purchase common stock of Virgin Media Inc. shall be subject
to such exercise prices, schedules as to exercisability and other terms and
conditions as may be determined in the sole discretion of the Compensation
Committee of Virgin Media Inc.

 

9.2           The
Executive may participate in the following schemes (each referred to below as
an “insurance scheme”):

 

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

 

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

 

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

 

9.2.4        a life
insurance scheme under which a lump sum benefit shall be payable on the
Executive’s death while this Agreement continues; the benefit of which shall be paid to such dependants of the Executive or other
beneficiary as the 

 

5

 

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

 

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

 

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

 

9.4           Any
insurance scheme which is provided for the Executive is also subject to the
Company’s right to alter the cover provided or any term of the scheme or to
cease to provide the scheme at any time.

 

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

 

10            COMPANY CAR ALLOWANCE

 

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

 

6

 

11            EXPENSES

 

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

 

12            ANNUAL LEAVE

 

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

 

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

 

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

 

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

 

13            ILLNESS

 

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

 

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

 

13.3         The
Company shall be entitled to require the Executive to undergo examinations from
time to time by a medical adviser appointed or approved by the Company and the 

 

7

 

 

Executive authorises the medical adviser and/or
will provide such consents as are necessary to disclose to the Company the
results of such examinations.

 

14            RESTRICTIONS DURING EMPLOYMENT

 

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

 

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

 

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

 

15            INTELLECTUAL
PROPERTY

 

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

 

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

 

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

 

8

 

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

 

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

 

16            CONFIDENTIALITY

 

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

 

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

 

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

 

16.4         The Executive shall not during
his employment either directly or indirectly publish any opinion, fact or
material on any matter within the scope of the business of any 

 

9

 

Group Company (whether confidential or not)
without the prior written approval of the General Counsel or Chief Executive
Officer.

 

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

 

17            DATA
PROTECTION

 

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

 

17.2         When dealing with data
relating to the Company’s business, the Executive is required to comply with
the Company’s Data Protection Policy as in effect from time to time, which can
be obtained from the Group Compliance Officer.

 

18            DEDUCTIONS FROM SALARY

 

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

 

·                  any excess holiday;

 

·                  outstanding loans;

 

·                  advances;

 

·                  relocation costs;

 

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

 

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

 

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

 

10

 

19                                    HEALTH
AND SAFETY

 

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

 

20            ENTITLEMENT TO WORK IN THE UK

 

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

 

21            MONITORING

 

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

 

22            TERMINATION
OF EMPLOYMENT

 

22.1         The Company may at any time
and in its absolute discretion (whether or not any notice of termination has
been given by the Company or the Executive under clause 2 above) terminate the Executive’s
employment with immediate effect and make a payment in lieu of notice. This
payment shall comprise the Executive’s basic salary (at the rate payable when
this option is exercised) together with the following benefits to the extent
that they would have been paid during the notice period:

 

·                  car allowance

 

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

 

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

 

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

 

22.2         The Company may pay any sums
due under this clause as one lump sum or in instalments over the period until
the date on which notice, if it had been served, would have expired. If the
Company chooses to pay in instalments the Executive is obliged 

 

11

 

to seek alternative income over the relevant
period and to disclose the gross amount of any such income and any relevant
ancillary benefits to the Company. The instalment payments shall then be
reduced by the amount of such income.

 

22.3         The employment of the
Executive may be terminated by the Company without notice or payment in lieu of
notice if the Executive:

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

12

 

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

 

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

 

23            SUSPENSION AND GARDEN LEAVE

 

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

 

23.2         Provided that the Executive
continues to enjoy his full contractual benefits and receive his pay in
accordance with this Agreement, the Company may in its absolute discretion do
all or any of the following during the notice period or any part of the notice
period, after the Executive or the Company has given notice of termination to
the other, without breaching this Agreement or incurring any liability or
giving rise to any claim against it:

 

23.2.1      exclude the Executive from the
premises of the Group;

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

13

 

24            TERMINATION AND RETURN OF COMPANY
PROPERTY

 

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

 

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

 

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

 

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

 

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

 

25            RECONSTRUCTION OR AMALGAMATION

 

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

 

26            RESTRICTIONS
AFTER EMPLOYMENT

 

26.1         Definitions

 

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

 

“Area”

 

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

 

“Customer”

 

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

 

14

 

“Key Employee”

 

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

 

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

 

(b)           able to influence the customer relationships or trade
connections of any Relevant Group Company

 

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

 

“Person”

 

 includes any company, firm, organisation or
other entity;

 

“Prospective Customer”

 

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

 

“Products”

 

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

 

“Relevant
Group Company”

 

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

 

“Services”

 

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

 

“Supplier”

 

any Person who was a supplier of services or goods to any
Relevant Group Company in connection with business use for the operation of the
business (as opposed to the 

 

15

 

administrative support of such operation) in the 12 months
prior to the Termination Date and with which the Executive was materially
concerned or had personal contact at any time during the said 12 month period;
and

 

“Termination Date”

 

the
date on which the employment terminates.

 

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

 

26.2.1                  Non-competition

 

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

 

(a)           in any business which provides the Products and the
Services; and

 

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

 

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

 

(i)            he carries it on as principal or agent; or

 

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

 

(iii)          subject to clause 15
above, he has any direct or indirect financial interest (as shareholder or
otherwise) in any Person who carries on the business.

 

26.2.2                  Non-solicitation

 

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

 

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

 

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

 

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

 

16

 

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

 

26.2.3      Non-poaching

 

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

 

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

 

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

 

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

 

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

 

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

 

27            SEVERABILITY

 

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

 

17

 

28            THIRD PARTIES

 

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

 

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

 

29            NOTICES

 

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

 

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

 

30            STATUTORY INFORMATION

 

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

 

31            MISCELLANEOUS

 

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

 

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

 

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

 

31.4         This Agreement may be executed by counterparts, which together shall
constitute one agreement. Either party may enter into this Agreement, by
executing a counterpart 

 

18

 

and this Agreement shall not take effect until it has
been executed by both parties. Delivery of an executed counterpart of a
signature page by facsimile shall take effect as delivery of an executed
counterpart of this Agreement provided that the relevant party shall give the
other the original of such page as soon as reasonably practicable
thereafter.

 

32            CHANGES TO TERMS AND CONDITIONS

 

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

 

19

 

SCHEDULE 1

 

Options to purchase common stock of
Virgin Media Inc.

 

1              The Executive will be granted 300,000 options (“Options”) at an
exercise price equal to the mid-market value of Virgin Media Inc.’s
stock on the date of grant (“Grant Date”).

 

2              The vesting period for the Options will be 5 years.

 

3              The Options will vest
20% on each anniversary of the Grant Date, the first vesting being one year
after the Grant Date.

 

4              Vesting of 20% of the unvested Options will accelerate upon an
Acceleration Event (as such term is defined under the Virgin Media Inc.’s
2006 Stock Incentive Plan, as amended from time to time) in 2008 (the “20% Restriction”), provided that the Compensation Committee
of Virgin Media Inc. shall have the discretion to accelerate the vesting of the remaining
80% of the unvested Options. If an Acceleration Event occurs in 2008 and the
Company proposes to the Compensation Committee to remove the 20% Restriction
for any of its executive officers that are subject to such restriction, the
Company undertakes to include the Executive in any such proposal. 100% of the
unvested Options will accelerate upon an Acceleration Event after 2008.

 

5              The Options will be governed by the Virgin Media Inc.’s
2006 Stock Incentive Plan, the individual stock option agreement, and the Virgin Media Inc.’s insider trading policy as amended from time to time.

 

20

 

SCHEDULE 2

 

Statement of
Particulars Pursuant to the Employment Rights Act 1996

 

1              The Executive’s period of continuous employment commenced on 17 March 2008.
A period of employment with a previous employer does count as part of the Executive’s
continuous employment with the Company.

 

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

 

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

 

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

 

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

 

21

 

SCHEDULE 3

 

Certificate
of Compliance

 

I have read and understand the Code of Conduct and
have complied and will continue to comply with it (together with any other
Codes or policies that may apply to my role from time to time). I have not
acted in any way contrary to the best interests of the Company. Any exceptions
to the Code of Conduct (and any other policies) and disclosures required by the
Code and such policies are set forth below:

 

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

 

 

	
  Dated:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Signed:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Please Print Name

  	
   

  

 

22

 

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

 

	
  Executed as a Deed by Virgin Media Limited:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ Robert Mackenzie

  	
   

  	
  Director

  
	
   

  	
   

  	
   

  
	
  /s/ Gillian James

  	
   

  	
  Company
  Secretary

  

 

	
  Signed as a Deed by Andrew Barron in the presence
  of:

   

  /s/ Andrew Barron

  	
   

  	
   

  
	
   

  	
   

  	
  Andrew Barron, The Executive

  
	
   

  	
   

  	
   

  
	
  Witness signature:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
   

  
	
  

  Address:

  	
   

  	
   

  	
   

  
	
  

  	
   

  	
   

  
	
  Occupation:

  	
   

  	
   

  	
   

  
							

 

23

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00141-of-00352.parquet"}]]