Document:

Wdesk | Exhibit

          Exhibit 10.1

SECOND AMENDMENT TO RESTRUCTURING SUPPORT AGREEMENT

This SECOND AMENDMENT (this “Second Amendment”) to the Restructuring Support Agreement, dated as of May 10, 2019, by and among: (i) the Debtors and (ii) the Consenting Noteholders, as amended by that First Amendment to Restructuring Support Agreement dated July 1, 2019 (together with the schedules, annexes and exhibits (including the term sheets) attached thereto, the “Restructuring Support Agreement”), is being entered into as of August 23, 2019, by and among (i) the Debtors, (ii) the Required Consenting Noteholders and (iii) the holders of Existing Equity Interests of WIL-Ireland (“Equityholders”) that are signatories hereto (collectively, with any Equityholder that may become a party to the Restructuring Support Agreement in accordance with Sections 13 and 34 thereof, the “Consenting Equityholders”).  This Second Amendment collectively refers to the Debtors, the Required Consenting Noteholders and the Consenting Equityholders as the “Parties” and each individually as a “Party.”  Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Restructuring Support Agreement.

WHEREAS, the Parties desire to amend certain terms of the Restructuring Support Agreement as set forth in this Second Amendment to facilitate the consummation of the Plan as contemplated in the Restructuring Support Agreement (collectively, the “Proposed Amendment”); 

WHEREAS, pursuant to Section 28 of the Restructuring Support Agreement, the Proposed Amendment requires the prior written consent of the Debtors and the Required Consenting Noteholders; and

WHEREAS, the undersigned Consenting Noteholders, taken as a whole, constitute the Required Consenting Noteholders as defined in the Restructuring Support Agreement as it applies to the Proposed Amendment.

NOW, THEREFORE, in consideration of the promises, mutual covenants, and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each of the Parties, intending to be legally bound, hereby agrees as follows:

1.Addition of Consenting Equityholders as Parties.  Each Consenting Equityholder hereby agrees to be bound by the terms of the Restructuring Support Agreement as provided in this Second Amendment.  Each Consenting Equityholder shall hereafter be deemed to be a Party for all purposes under the Restructuring Support Agreement. Each Consenting Equityholder hereby represents and warrants to each other Party to the Restructuring Support Agreement that, as of the date hereof, such Consenting Equityholder (i) is the legal or beneficial holder of, and has all necessary authority (including authority to bind any other legal or beneficial holder) with respect to, the Existing Equity Interests and Notes Claims set forth on its signature page (which shall not be publically disclosed or filed), and (ii) makes, as of the date hereof, the representations and warranties set forth in Section 17(a) of the Restructuring Support Agreement, mutatis mutandis, to each other Party.

2.       Amendment to Warrant Term Sheet.  The Warrant Term Sheet attached as Exhibit K to the Disclosure Statement be, and it hereby is, amended and restated in its entirety to read as attached as Exhibit K to this Second Amendment.

3.        Amendment to Term Sheet.  The section of the Term Sheet titled “Existing Equity Interests in the Company” is hereby amended by (a) replacing the words “3-year” in clause (ii) with the words “4-year”, and (b) deleting the words “plus accrued and unpaid interest” from clause (ii).  

4.       Commitments of Consenting Equityholders.  Each Consenting Equityholder hereby agrees that it shall be bound by the provisions of Sections 5(a) (Mutual Agreement of the Parties to Support the Restructuring), 6 (Commitments of the Consenting Noteholders), 13 (Transfers of Claims and Interests), 14 (Further Acquisition of Claims and Interests), 16 (Consents and Acknowledgements), 20 (Relationship Among Parties), and 21 (Specific Performance) of the Restructuring Support Agreement with respect to its Existing Equity Interests and Notes Claims as if it was an original party thereto, mutatis mutandis (and, to the extent any such provisions do not expressly apply to Existing Equity Interests held by the Consenting Equityholders, such provisions shall be deemed hereby to apply to such Existing Equity Interests).

5.        Amendment to Section 4.  Section 4 of the Restructuring Support Agreement be, and it hereby is, amended as follows:

a.Subsection 4(b) is hereby amended by deleting “; and” in clause (ii), deleting “.” in clause (iii), adding “; and” immediately following clause (iii), and adding subsection (iv) as follows:

“(iv)    The Warrant Term Sheet attached as Exhibit K to the Second Amendment is hereby acknowledged and agreed to by all Parties.  If the Warrant Documents are in any material respect not consistent with such Warrant Term Sheet, then the Required Consenting Equityholders1 must consent to such changes, which consent will not be unreasonably withheld.”

6.       Amendment to Section 15. Section 15 of the Restructuring Support Agreement is hereby amended to add the following to the end of the Section.  “The Debtors shall pay $250,000 to Proskauer Rose LLP, counsel for the Consenting Equityholders, on the Effective Date in full and final satisfaction of any and all fees and expenses incurred by the Consenting Equityholders and their advisors, and no additional claims for the reimbursement of fees and/or expenses shall be asserted against the Debtors or the Reorganized Debtors by the Consenting Equityholders, including, without limitation, pursuant to section 503 of the Bankruptcy Code.”  

7.        Consenting Equityholder Termination Events.  Notwithstanding anything to the contrary in the Restructuring Support Agreement, the Required Consenting Equityholders shall be 

1 “Required Consenting Equityholders” shall mean, the Consenting Equityholders holding at least a majority of the outstanding Common Stock held by the Consenting Equityholders.

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entitled to terminate the Restructuring Support Agreement, solely as to the Consenting Equityholders, upon written notice to the other Parties, only in the event that:

		
	a.
	the Warrant Documents are in any material respect not consistent with the Warrant Term Sheet and the Required Consenting Equityholders have not consented to such changes as provided in Section 4(b)(iv); and

		
	b.
	the last sentence of Section 15 of the Restructuring Support Agreement, as amended by the Second Amendment, is amended in a manner adverse to the Consenting Equityholders, or the Plan is modified in a manner inconsistent with the last sentence of Section 15 of the Restructuring Support Agreement, as amended by the Second Amendment, in each case without the consent of the Required Consenting Equityholders.

In addition, any Consenting Equityholder may terminate this Agreement as to itself only, upon transferring all (but not less than all) of its Notes Claims and Existing Equity Interests in accordance with Section 13 of the Restructuring Support Agreement (such termination to be effective on the date on which such Consenting Equityholder has effected such transfer, satisfied all of the requirements of Section 13 of the Restructuring Support Agreement, including, without limitation, the execution of a joinder to this Agreement by the transferee, and provided the written notice required above).  For the avoidance of doubt, the Consenting Equityholders shall have no rights to terminate the Restructuring Support Agreement other than as expressly set forth in this Section 7 of the Second Amendment.

For the avoidance of doubt, the Restructuring Support Agreement will terminate as to all  Consenting Equityholders upon either (i) termination of the Restructuring Support Agreement by the Required Consenting Noteholders pursuant to Section 8 of the Restructuring Support Agreement or (ii) termination of the Restructuring Support Agreement as to all Consenting Noteholders by the Debtors pursuant to Section 9 of the Restructuring Support Agreement, and in the event of a termination under either (i) or (ii) above, or this Section 7, then Section 12 of the Restructuring Support Agreement shall apply to the Consenting Equityholders.

8.        Breach of Restructuring Support Agreement by Consenting Equityholders. If any Consenting Equityholder breaches any representation, warranty, or covenant of such Consenting Equityholder under the Restructuring Support Agreement in a material way, which breach is not cured within five (5) Business Days after receipt of notice by the Debtors, then the Debtors and/or the Requisite Consenting Noteholders shall have the option to (i) terminate the Restructuring Support Agreement with respect to the Consenting Equityholders and change the plan treatment provided therein (including the ability to amend the Warrants and Warrant Term Sheet) or (ii) seek specific performance as provided in Section 21 of the Restructuring Support Agreement, and/or all other remedies available at law or in equity.

9.       Miscellaneous.

a.          16 (Consents and Acknowledgments), 18 (Survival of Agreement), 19 (Settlement), 21 (Specific Performance), 22 (Governing Law and Consent to Jurisdiction 

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and Venue), 23 (WAIVER OF RIGHT TO TRIAL BY JURY), 24 (Successors and Assigns), 25 (No Third-Party Beneficiaries), 26 (Notices), 28 (Amendments), 29 (Reservation of Rights), 30 (Counterparts), 31 (Public Disclosure), 33 (Severability), 35 (Time Periods), 36 (Headings), 37 (Interpretation) and 38 (Remedies Cumulative; No Waiver) be, and each of them hereby is, incorporated by reference, mutatis mutandis, as if such provisions were set forth fully herein.

b.        This Second Amendment, together with the First Amendment and the Restructuring Support Agreement, as amended hereby, constitute the complete and exclusive statement of agreement among the Parties with respect to the subject matter hereof and thereof, and supersede all prior written and oral statements by and among the Parties or any of them. 
 
c.        Except as specifically amended hereby, the Restructuring Support Agreement shall remain in full force and effect.

  
[Signature pages follow]

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IN WITNESS WHEREOF, the Parties have executed this Amendment as of the date set forth above. 
    
WEATHERFORD INTERNATIONAL PLC

		
	By:
	/s/ Valentin Mueller                                            

Name: Valentin Mueller
Title:  Vice President

WEATHERFORD INTERNATIONAL LTD.

		
	By:
	/s/ Mohammed Dadhiwala                                 

Name: Mohammed Dadhiwala
Title:   Vice President

WEATHERFORD INTERNATIONAL, LLC

		
	By:
	/s/ Christine M. Morrison                                  

Name: Christine M. Morrison
Title:   Vice President and Secretary

[Signature Page to Amendment to Restructuring Support Agreement]

Exhibit K
New Warrant Term Sheet

New Warrants
	
		
	Aggregate Number of Interests Represented; Adjustment to Number
	The number of New Equity Interests represented by the New Warrants shall equal ten percent (10%) of the total New Equity Interests outstanding as of the Effective Date, subject to dilution for equity issued under or in connection with the New Management Incentive Plan and Tranche B Equity Conversion.
Adjustment to Number.  If Reorganized Parent at any time (i) pays a dividend or distribution on the New Equity Interests consisting of additional New Equity Interests, (ii) subdivides its outstanding New Equity Interests into a greater number of New Equity Interests or (iii) combines its outstanding New Equity Interests into a smaller number of New Equity Interests (any of (i) through (iii), a “Unit Transaction”), the aggregate number of New Equity Interests represented by the New Warrants shall be deemed adjusted to a new aggregate number equal to the product of (a) the aggregate number of New Equity Interests represented by the New Warrants immediately prior to such event and (b) the quotient obtained by dividing (1) the aggregate number of New Equity Interests outstanding immediately after such event by (2) the aggregate number of New Equity Interests outstanding immediately prior to such event. No fractional New Warrants will be issued and any fractions will be rounded down to the nearest whole number.
For the avoidance of doubt, the New Warrants shall not have any economic anti-dilution provisions (e.g. ‘full ratchet’ or ‘volume weighted’), including as a result of any additional indebtedness or equity raised by the Reorganized Debtors on or after the Effective Date, regardless of whether the price of equity in or implied by such debt or equity raises is lower than the Strike Price.  In addition, the New Warrants shall not have Black Scholes valuation-based entitlement to recovery or modification of the exercise price if the New Warrants are terminated in accordance with their terms (e.g., in a change-of-control transaction in which the Reorganized Parent is not the surviving entity) prior to the maturity date.

	Strike Price
	The “Strike Price” per New Warrant shall be an amount equal to (x) $[______]2  less the aggregate principal amount of the New Tranche B Senior Unsecured Notes outstanding on the Effective Date, divided by (y) the total number of New Equity Interests outstanding as of the Effective Date, as such strike price is adjusted from time to time as set forth below.  In the case of a Unit Transaction, the Strike Price then in effect shall be proportionately increased or decreased as set forth in “Adjustment to Number” above, as applicable.

	Maturity Date
	ThreeFour (34) years from the Effective Date.

	Termination Date
	The New Warrants shall be deemed terminated and canceled for all purposes without further notice to or action of any Person or Entity upon the earlier to occur of either of the following:  (a) the date a Liquidity Event is consummated; or (b) the Maturity Date.  Upon termination of the New Warrants, all rights and obligations of the Reorganized Debtors and the holders of the New Warrants shall terminate and be of no further force or effect.

	Exercise
	Each New Warrant will be immediately exercisable upon issuance and will terminate if not exercised prior to the Termination Date.  Additionally, no holder may exercise less than 100% of the New Warrants issued to it as of the Effective Date.

	Exercise Price
	Each New Warrant may be converted into New Equity Interests by the holders thereof only by the payment of the then-applicable Strike Price in cash to Reorganized Parent.

2 [To insert the principal amount of the Prepetition Notes Claims, plus accrued and unpaid interest as of the Petition Date and all other Allowed General Unsecured Claims that are pari passu with the Prepetition Notes Claims]

	
		
	No Rights as Stockholder
	No holder shall, by virtue of the New Warrants allocated to such holder, be entitled at any time prior to the conversion of such warrants into New Equity Interests to vote, receive dividends or distributions on, or be deemed for any purpose a holder of New Equity Interests, nor shall anything contained herein be construed to confer upon any such holder any of the rights of a holder of New Equity Interests or any right or entitlement to vote for or upon any matter submitted to such holders of New Equity Interests, to give or withhold consent to any corporate action, to receive notice of meetings or other actions affecting holders of New Equity Interests, to receive subscription rights, to exercise appraisal rights or otherwise.  Rather, unless and until such holder converts its New Warrants into New Equity Interests, the sole and exclusive right and benefit of such holder shall be its right to exercise the New Warrants.  The New Warrants shall not be evidenced by any warrant certificates.

	Defined Terms
	“Liquidity Event” means the first to occur of: (i) any transaction or series of related transactions that results in (a) the sale or exchange of all or substantially all of the equity interests of Reorganized Parent, or any successor, to one or more third parties (whether by merger, sale, recapitalization, consolidation, combination or otherwise) or (b) the sale, directly or indirectly, by Reorganized Parent, or any successor, of all or substantially all of the assets of Reorganized Parent, or any successor, and its subsidiaries, taken as a whole; or (ii) a liquidation, dissolution or winding up of Reorganized Parent or any successor; provided that, in each case, the closing or other consummation of such Liquidity Event occurs on or prior to the Maturity Date.  Notwithstanding the foregoing, no transaction shall be a Liquidity Event if the Reorganized Parent shareholders prior to a transaction continue to own or control at least a majority of Reorganized Parent following such transaction. 

	Non-Circumvention
	The New Warrants shall not contain any provision related to non-circumvention by Reorganized Parent to the extent reasonable and customary for transactions of this type.

	Governing Law and Jurisdiction
	New York, without regard to the principles of conflicts of law thereof.

	Other Terms
	The agreements governing the New Warrants shall contain terms and conditions consistent with this term sheet and, to the extent that such agreements contain terms and conditions that are not expressly contemplated by this term sheet, otherwise reasonably acceptable to the Debtors and Required Consenting Noteholders.Document

Execution Version

DATED:  August 21, 2019

CARDTRONICS UK LIMITED (1)

and

MARC TERRY (2)

SERVICE AGREEMENT

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DATE OF SERVICE AGREEMENT:  AUGUST 21, 2019

PARTIES

(1)CARDTRONICS UK LIMITED (Company Number 03610221) whose registered office is at Building 4, 1st Floor, Trident Place, Mosquito Way, Hatfield, Hertfordshire, AL 10 9UL (the "Company")

(2)MARC TERRY of _________________________________ (the "Executive")

IT IS AGREED THAT:

1DEFINITIONS
1.1 In this agreement the following words,  phrases and expressions  shall have the following meaning:
(a) "Board" means the Board of Directors of the Company as comprised from time to time and any such person or committee authorised by the Board as its/their representative for the purposes of this agreement.
(b) "Commencement Date" means the date of this Service Agreement.
(c) "Compensation Committee" means a committee of the board of directors of Cardtronics plc that determines from time to time the annual salary, any bonuses and other remuneration payable to the Executive and other members of the Board.
(d) "Executive Personal Pension Plan" means the company's Group Personal Pension plan with Legal & General or such other arrangement agreed between the parties from time to time.
(e) "Group" means the Company, its subsidiaries, any holding company of the Company and any subsidiary of such holding company (all as defined in section 1159 of the Companies Act 2006) and any associated company (which expression shall mean any other company of which the Company or its holding company or any subsidiary of the Company or its holding company beneficially holds not less than 20% of the equity share capital) and any reference to "Group Company" shall be construed accordingly.

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(f) "Line Manager" means the Chief Executive Officer of Cardtronics plc (or any successor entity thereto) from time to time.  
(g) "Termination Date" means the date upon which the Executive's employment with the Company terminates, whether lawfully or not, and references to "from the Termination Date" mean from and including the date of termination.
1.2 Any reference to a statutory provision includes all re-enactments and modifications of that provision and any regulations made under it or them.
1.3 The headings in this agreement are for convenience only. They do not form part of this agreement and do not affect its interpretation.
2THE APPOINTMENT
2.1 Subject to clause 2.2, the Executive agrees to act as Executive Vice President and Managing Director – International or in such other capacity as the Board may from time to time direct. The Executive accepts that the Company may at its discretion require him to perform different or additional tasks not specifically within the scope of his duties whether for the Company or any Group Company and the Executive agrees to perform those duties or undertake those tasks as if they were specifically provided for under this agreement.
2.2 This employment is conditional on the Executive producing upon request any documentation requested by the Company for the purposes of establishing his right to work in the UK. If the Executive fails to provide this documentation within a reasonable period of time (if requested by the Company) the Company may terminate the Executive's employment without notice.
2.3 The Executive acknowledges and warrants as follows:
(a) that by entering into this agreement and fulfilling his obligations under it, he is not in breach of any obligation to any third party; and
(b) that he will not bring or use in the course of his employment with the Company any trade  secrets or confidential information belonging to him previous employers or to any third party without their prior written consent. 
3DURATION AND CONTINUOUS EMPLOYMENT
3.1 This agreement will, subject to earlier termination in accordance with its terms, continue unless and until it is terminated by either party giving to the other 6 months prior written notice.
3.2 For statutory purposes, the Executive has been continuously employed by the Company since 17 September 2017.
4DUTIES
4.1 Without prejudice to clauses 2.1 and 4.5, the Executive will carry out such duties and functions, exercise such powers and comply with such instructions in connection with the business of the Company and any Group Company as the Board reasonably 
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determines from time to time and will comply with all the Company's rules, regulations, policies and procedures from time to time in force.
4.2 Unless prevented by illness, accident, other authorised leave or holiday as set out below, the Executive will devote substantially the whole of his time, attention and skill as may reasonably be required to the affairs of the Company and use his best endeavours to promote its interests.
4.3 The Executive acknowledges and agrees that he is at all times during his employment (including during any period of suspension or while on garden leave in accordance with clause 18.3) subject to duties of goodwill, trust, confidence, exclusive service, faith and fidelity to the Company. These duties include, without limitation, the obligation throughout the duration of this agreement:
(a) not to compete with the Company or any Group Company;
(b) not to make preparations (during such hours as the Executive should be providing services under this agreement) to compete with the Company or any Group Company after this agreement has terminated;
(c) not to solicit in competition with the Company or any Group Company any customer or customers of the Company or any Group Company;
(d) not to entertain invitations to provide services either in a personal capacity or on behalf of any third party from actual or prospective customers of the Company or any Group Company where such invitations relate to services which could be provided by the Company or any Group Company;
(e) not to offer employment elsewhere to employees of the Company or any Group Company;
(f) not to copy or memorise Confidential Information (as defined in clause 14) or trade secrets of the Company or any Group Company with a view to using or disclosing such information for a purpose other than for the benefit of the Company or any Group Company; and
(g) not to encourage, procure or assist any third party to do anything which, if done by the Executive, would be a breach of (a) to (f) above.
4.4 The Company may at any time appoint any person or persons to act jointly with the Executive to discharge his duties and functions under this agreement.
4.5 The Company reserves the right to require the Executive to carry out the duties of equivalent status either in addition to or instead of the Executive's duties detailed under clause 4.1 and to make reasonable adjustments to his reporting lines.
4.6 The Executive will not without the prior written consent of the Board:
(a) incur any capital expenditure in excess of such sums as may be authorised from time to time; or

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(b) enter into or terminate on behalf of the Company or any Group Company any commitment, contract or arrangement otherwise than in the normal course of business or outside the scope of his normal duties or of an unusual, onerous or long-term nature.
4.7 The Executive accepts that he has a duty to report to the Chief Human Resources Officer any actual or suspected wrongdoing on the part of other staff of the Company or any Group Company of which he becomes aware, including in particular (without limitation) conduct which, were it by the Executive, would fall within clause 4.3 above.
5NORMAL HOURS
5.1 The Executive will work such hours as may from time to time reasonably be required of him as are consistent with his appointment (which may involve working on public holidays). The Company acknowledges that the Executive has not opted out of the Working Time Regulations at the point of commencement of this Agreement. The Executive agrees that he will keep appropriate records of the hours that he works to enable the Company to comply with its obligations under the Working Time Regulations.
6OTHER INTERESTS
6.1 The Executive will devote all of his time to the Company and/or any Group Company and will not (without the prior written consent of the Board) directly or indirectly either on his own account or on behalf of any other person, company, business entity or other organisation engage in, be concerned with, or provide services to (whether as an employee, officer, director, agent, partner, consultant or otherwise) any other business, office or other external activity which does or may potentially affect the full and proper performance of his duties. EXCEPT THAT the Executive may hold up to 1% of any securities in a company which is quoted on any recognised Stock Exchange.
6.2 The Executive confirms that prior to entering into this  agreement he has fully disclosed to the Company in writing all circumstances of which he is aware in respect of which there is, or might be perceived to be, a conflict of interest between the Company or any Group Company and the Executive or his spouse, civil partner (or anyone living as such), children or parents, and he agrees to fully and promptly disclose to the Board any further such circumstances which may arise during this agreement.
7PLACE OF WORK
7.1 The Executive's usual place of work will be the Hatfield office location but the Company may require the Executive to work at any place within the United Kingdom on either a temporary or an indefinite basis. The Executive will be given reasonable notice of any change in his place of work. The Executive may also be required to travel both throughout and outside the United Kingdom for the better performance of his duties; expenses incurred in such travel, other than commuting to and from the Executive's regular place of work, will be reimbursed by the Company in accordance with clause 9 below.
7.2 The Executive agrees to comply with any reasonable request of the Company to relocate should the Company wish to vary the Executive's usual place of work. If the 
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Executive does relocate the Company may (but is not obliged to) provide the Executive with financial or other relocation assistance in accordance with any relocation policy in place from time to time.
7.3 For the purposes of Part 1 of the Employment Rights Act 1996, it is not expected that the Executive will be required to work outside the United Kingdom for more than one month at a time.
8REMUNERATION
8.1 The Executive will receive a basic salary of £360,000 ("Salary") per annum (inclusive of all director's fees and salaries which may be payable to the Executive by the Company or any Group Company). The Salary will accrue from day to day and will be payable by equal monthly instalments in arrears on or around the 25th day of each calendar month, less tax and National Insurance.
8.2 The Salary will be reviewed annually by the Board, without any undertaking by the Company that the Salary will be automatically increased.
8.3 The Executive shall be entitled to participate in an annual incentive plan, in accordance with the terms detailed SCHEDULE 2.
8.4 The Executive shall be entitled to participate in a long term incentive plan, in accordance with the terms detailed at SCHEDULE 3.
8.5 Any bonus paid to the Executive pursuant to clauses 8.3 and 8.4 shall not be deemed to become part of the contractual remuneration or Salary for pension purposes or otherwise. Receipt of any bonus in any one year does not give rise to a contractual entitlement to a bonus in any subsequent year.
8.6 Subject to SCHEDULE 1, any bonus is not payable if the Executive is not employed and/or is under notice of termination given by either party for any reason as at the date of payment.
8.7 The Company reserves the right in its absolute discretion to discontinue, vary or amend any bonus plans for 2019 or any future bonus plans or incentive schemes which are communicated to the Executive from time to time, including, for the avoidance of doubt, any annual incentive plans or long term incentive plans. The Company will not be liable to provide any replacement bonus or incentive schemes, or compensation in lieu of such bonus or incentive schemes.
9EXPENSES
9.1 The Executive will be entitled to be repaid all reasonable travelling, hotel and other expenses properly authorised by the Company, in accordance with the Company Expenses Policy on expenses and incurred in or about the proper performance of his duties, which expenses shall be evidenced and claimed in such manner as the Company may specify from time to time, either under the Company Expenses Policy or at all.
9.2 Where the Company makes any credit card available to the Executive, he will:

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(a) take good care of such card and immediately report any loss of such card to the Company;
(b) use the  card  only  for the  purposes  of the  Company's  business  and  in accordance with any Company policy applicable; and
(c) surrender it upon the request of the Company at any time.
10PENSION
10.1 The Company agrees to contribute an amount equivalent to 6% (or such higher amount as required by law) of Salary to the Executive's Personal Pension Plan in satisfaction of the auto-enrolment legislation and subject to the rules of such a plan and any applicable HM Revenue & Customs limits in force from time to time.  If the Executive can show to the Company's reasonable satisfaction that he has reached relevant lifetime limits set by HM Revenue & Customs, the Company may pay a cash amount in lieu of such contribution to the Executive of equivalent cost to the Company.
10.2 The Company at its absolute discretion reserves the right to discontinue, vary or amend any pension arrangements provided for the benefit of the Executive at any time (where this is permitted by law). The Company will provide appropriate notice of any discontinuance, variation or amendment. The Company will not be liable to provide any replacement benefit of the same or similar kind, or compensation in lieu of such benefit (save as may be required by law).
11OTHER BENEFITS
11.1 During this agreement the Executive will be eligible to participate at the Company's expense in the Company's:
(a) life assurance scheme (4 times base annual salary) ;
(b) private medical expenses insurance scheme for the benefit of the Executive and dependants.
11.2 The Executive's membership of (and entitlement to benefit from) the schemes detailed at clause 11.1 above is subject to:
(a) the rules of the above schemes from time to time (and any replacement schemes provided by the Company);
(b) the terms of the relevant insurance policy from time to time; and
(c) the Executive (and, where  appropriate,  his dependents)  being eligible to participate in or benefit from such schemes pursuant to their rules.
11.3 If the scheme provider (including but not limited to any insurance company) refuses for any reason (whether based on its own interpretation of the terms of the insurance policy or otherwise) to provide any benefits to the Executive the Company is not liable to provide replacement benefits of the same or similar kind or compensation in lieu of such benefits.

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11.4 The Company may at its absolute discretion challenge any refusal by any scheme provider to provide benefits to the Executive or, where appropriate, his dependents, providing that:
(a) where appropriate the Executive takes all proper measures to appeal against the refusal in accordance with the terms of any policy provided by the scheme provider and meets (on an interim or on an account basis if so requested) all costs in connection with the same;
(b) the Executive fully co-operates with the Company and discloses to it all personal information relevant to the claim and, if required by the Company, attends a medical examination by a doctor selected and instructed by it; and
(c) the Executive fully indemnifies the Company against all costs, expenses and claims incurred by the Company in connection with challenging the scheme provider's decision to refuse to provide benefits under the scheme.
11.5 The Company at its absolute discretion reserves the right to discontinue, vary or amend any scheme provided for the benefit of the Executive and, where appropriate, his dependants, at any time and will not be liable to provide any replacement benefit of the same or similar kind, or compensation in lieu of such benefit. The Company will provide appropriate notice of any discontinuance, variation or amendment.
11.6 Nothing in this agreement will prevent the Company terminating the Executive's employment for whatever reason (including but not limited to his incapacity) even if such termination results in the Executive losing any existing or prospective benefits as detailed in clause 11.1, save that any benefits or payment in respect of benefits under SCHEDULE 1 shall remain unaffected by termination of the employment.
12HOLIDAYS
12.1 The Company's holiday year runs from 1 January to 31 December. The Executive will in addition to bank holidays be entitled to 25 working days' paid holiday in each holiday year. The rate of pay due in respect of each bank and public holiday or working day's paid holiday will be calculated on the basis of 1/2601" of the Executive's Salary. Holidays are to be taken at such time or times as may be approved by the Line Manager. The Executive shall not be entitled to take more than 10 days' holiday at any one time, unless previously agreed with the Line Manager.
12.2 The Executive will not be entitled to carry forward any unused days of his holiday entitlement to the subsequent holiday year. Notwithstanding this, if the Executive has been unavoidably prevented from taking holiday during the relevant holiday year then he may be entitled to carry over some unused holiday day's subject always to approval by his Line Manager and entirely at the Company's discretion. No payment in lieu of any unused holiday will be paid with the exception of upon the termination of the Executive's employment.
12.3 If the Executive has been unavoidably prevented from taking holiday during the relevant holiday year because of sickness absence, an exception may be made upon request and with the Company's approval. There is no payment in lieu in respect of any holiday untaken at the end of the holiday year.

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12.4 The Company and the Executive agree that in any holiday year the Executive will be deemed to take any holiday accruing under the Working Time Regulations 1998 first.
12.5 The Company reserves the right at its sole discretion to require the Executive to take or not to take all or part of any outstanding holiday during any notice period or period of garden leave.
12.6 On termination of the Executive's employment, the Executive's entitlement to accrued holiday pay will be directly in proportion to the Executive's service during the holiday year in which the termination took place, plus a sum in respect of any holiday which the Executive has been permitted to carry over from previous holiday years in accordance with clause 12.3. If on termination of employment the Executive has taken holidays in excess of the holidays equivalent to the proportion of the holiday year he has been employed by the Company to the Termination Date, the Company will be entitled to deduct from sums payable to the Executive a sum in respect of each day's holiday taken in excess of such entitlement.
12.7 If the Company has terminated or would be entitled to terminate the Executive's employment under clause 18.1, or if the Executive has terminated his employment in breach of this agreement, any payment due under clause 12.6 shall be limited to the Executive's statutory entitlement under the Working Time Regulations 1998 and any paid holidays (including paid public holidays) shall be deemed to have been taken first in satisfaction of the statutory entitlement.
12.8 If the Executive's employment is terminated under clause 18.5 the Executive will not be entitled to any payment in respect of holiday which would otherwise have accrued during the remainder of the notice period.
13INCAPACITY
13.1 If the Executive is absent from his duties as a result of illness he will notify the Line Manager as soon as possible and then keep the Company informed and complete any self-certification forms which are required by the Company. If the incapacity continues for a period of eight days or more he will produce to the Company a medical certificate to cover the duration of such absence. The Executive must produce medical certificates to cover any further period of absence.
13.2 If the Executive is absent from his duties as a result of illness or injury then (subject to clause 18.1(g)) if he complies with the requirements in this clause he will be entitled to payment of his Salary at the full rate in respect of such illness or injury for a period (in total) of no more than 90 days in any period of 12 months (whether the absence is intermittent or continuous). Thereafter, the Executive will not be entitled to any further payment from the Company (other than Statutory Sick Pay) until the resumption of his duties, unless and to the extent that any absence thereafter is for substantially the same illness or injury or is related to or a consequence of it, in which cases it will attract Statutory Sick Pay only.
13.3 The remuneration paid under clause 13.2 will include any Statutory Sick Pay payable and when this is exhausted it will be reduced by the amount of any Social Security Sickness Benefit or other benefits recoverable by the Executive (whether or not recovered).

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13.4 For the avoidance of doubt the provisions of this clause 13 will not prejudice or limit in any way the Company's right to terminate this agreement pursuant to clauses 3 and 18 or otherwise pursuant to its terms.
13.5 Whether or not the Executive is absent  by reason of sickness, injury or other incapacity the Executive will at the request of the Company agree to have a medical examination performed by a doctor (including an occupational health specialist) appointed and paid for by the Company. The Executive acknowledges that unreasonable refusal of such a request may lead to disciplinary action. Further, failure to co-operate with the Company in respect of such examinations may result in the Company making a decision regarding the Executive's entitlements and employment based upon the information available to it at the time. 
13.6 The Executive will not be entitled to sick pay (except for Statutory Sick Pay) if he is absent from his duties as a result of illness whilst:
(a) an investigation is being carried out into an alleged act of misconduct by the Executive or into any other circumstances which may warrant the termination of his employment;
(b) a  redundancy exercise is  being  carried  out  and  the Executive has provisionally been selected for redundancy; or
(c) the Executive is working out his notice period.
Sick pay may be reinstated if the Executive is not ultimately dismissed as a result of that investigation or proposed redundancy.
14CONFIDENTIAL INFORMATION
14.1 The Executive acknowledges that in the ordinary course of his employment he will be exposed to information about the business, technology, processes, products, plans, financial or other information or data of the Company and any Group Company and that of the Company's and the Group's suppliers and customers which may amount to a trade secret, be confidential or commercially sensitive and which if misused or disclosed could cause significant harm to the Company or any Group Company. Such information (whether or not recorded in writing, on computer disk or in any other medium) is referred to in this agreement as Confidential Information and shall in particular include (without limitation):
(a) details of how the Company/Group prices its products or services including any discounts or non-standard terms offered to any clients;
(b) the Company/Group's intellectual property (except where this is protected by patent or equivalent protection);
(c) information relating to the Company/Group's suppliers and the terms and conditions (including any prices and discounts) agreed with them;
(d) information relating to the Company/Group's clients or customers and the terms and conditions (including any prices and discounts) agreed with them;

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(e) research and development projects of the Company/Group;
(f) the Company/Group's marketing and sales strategies and plans;
(g) potential acquisitions and disposals by the Company/Group;
(h) the Company/Group's financial and sales performance;
(i) any processes, inventions, designs, know-how, discoveries, technical specifications and other technical information relating to the creation, production or supply of any past, present or future product or service of the Company/Group: and
(j) any other categories of confidential information that the Company wants to protect and which it notifies to the Executive in writing as being confidential or which by its nature or the surrounding circumstances is clearly confidential.
14.2 The Executive agrees to accept the restrictions in this clause in relation to such Confidential Information. The Executive will not either directly or indirectly during the term of this agreement or after its termination without limit in time, either for his own purposes or for any purposes other than those of the Company or any Group Company (for any reason and in any manner), use or divulge or communicate to any person, firm, company or organisation (except to those officials of the Company or any Group Company who need to know the same) any Confidential Information acquired or discovered by him in the course of his employment with the Company.
14.3 The Executive will be responsible for protecting the confidentiality of the Confidential Information and shall:
(a) use his best endeavours to prevent the use, disclosure or communication of any Confidential Information by any person, company or organisation; and
(b) inform the Board immediately on becoming aware, or suspecting, that any such person, firm, company or organisation knows or has used any Confidential Information.
14.4 The restrictions contained in this clause do not apply to:
(a) any disclosure authorised by the Board or required in the ordinary and proper course of the Executive's employment or as required by the order of a court of competent jurisdiction or an appropriate regulatory authority or otherwise required by obligation of public law: or
(b) any information that the Executive can demonstrate was known to him prior to the commencement of the Executive's employment by the Company or by any Group Company: or
(c) any information which is, or comes into, the public domain other than through the Executive's unauthorised disclosure or breach of confidence: or
(d) any information being a protected disclosure by the Executive in accordance within the meaning of section 43A Employment Rights Act 1996.

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14.5 The Executive will not, other than with the prior written approval of the Board or any Director of the Group Company to whom he reports, make or issue any press, radio or television statement, or publish or submit for publication any letter or article relating directly or indirectly to the business affairs of the Company or any Group Company containing Confidential Information.
14.6 The provisions of this clause 14 are without prejudice to the duties and obligations of the Executive which exist at common law or in equity.
14.7 The provisions of this clause 14 shall survive any termination of this agreement and shall remain in force in relation to any item of Confidential Information for so long as it is still properly regarded by the Company or any Group Company as being confidential.
15INTELLECTUAL PROPERTY
15.1 The Executive acknowledges and agrees that because of the nature of his duties and the particular responsibilities arising as a result of such duties that he owes to the Company and any Group Company a special obligation to further the interests of the Company and any Group Company.
15.2 The Executive will promptly disclose in writing to the Company any works of any nature which he makes (alone or with others) during the course of his employment and the Company will keep such invention confidential unless and until it has been determined whether it is an invention owned by the Company.
15.3 Subject to section 39 of the Patents Act 1977, all intellectual property rights existing (or which may in the future exist) in any works created by the Executive during the course of his employment or by using materials, tools, information or opportunities made available to him through his employment shall belong to the Company (or to any Group Company which the Company may nominate in writing from time to time) and the Executive hereby assigns all the intellectual property rights in such works to the Company (or to any Group Company which has been nominated in writing), free from all encumbrances. For these purposes "intellectual property rights" include trademarks, registered designs, design rights, copyrights and future copyrights, database rights and other intellectual property rights together, where registerable, with the right to apply for registration of such rights and to claim priority from such applications. This clause shall apply both to such rights which exist at the date of this agreement and which may come into existence in the future.
15.4 Subject to sections 39 - 42 of the Patents Act 1977, if required by the Company to do so (whether during or after the termination of his employment), the Executive will sign any document and do anything necessary or desirable to:
(a) fully vest ownership in the Company as sole beneficial owner of any rights either {i) referred to in clause 15.3 or (ii) which the Company owns (alone or with others) in inventions made by the Executive by virtue of section 39 of the Patents Act 1977; and
(b) enable the Company, or any Group Company which the Company may nominate from time to time, to maintain in force, enforce or defend any such right.

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15.5 The Executive irrevocably waives, on a worldwide basis, in favour of the Company all his rights pursuant to sections 77 to 89 inclusive of the Copyright Designs and Patents Act 1988 and similar rights throughout the world in any work he may create during the course of his employment.
15.6 The Executive irrevocably appoints the Company to be his attorney in his name and on his behalf to execute or complete any document or do any such thing and generally to use his name for the purposes of giving to the Company (or its nominee or successors) the full benefit of the provisions of this clause 15.
15.7 The Executive accepts that no future agreement between the Company and him, dealing with the ownership or licensing of any intellectual property rights in works or inventions created by him, shall be enforceable unless and until it is in writing signed on behalf of the Company by a director (not being the Executive).
15.8 The Executive agrees that he will not use or commercially exploit any of the Company's intellectual property rights after the termination of his employment with the Company, without the Company's prior written consent.
15.9 The provisions of this clause 15 shall remain in full force and effect following the termination of this agreement for any reason, whether such termination is lawful or not.
16NON-SOLICITATION AND RESTRICTIVE COVENANTS
16.1 The Executive undertakes to the Company on behalf of itself and as agent for  any Group  Company  that  he will  not directly  or indirectly  and whether  alone  or in conjunction with or on behalf of any other person  and whether as a  principal, shareholder, director, employee, agent, consultant, partner, independent  contractor or otherwise:
(a) at any time during the period of 12 months from the Effective Date be employed, engaged, concerned or interested in any business providing Competing Products or Services within or related to the Restricted Territory;
(b) at any time during the period of 12 months from the Effective Date be employed, engaged, concerned or interested in any Relevant Customer if as a result that customer may reasonably be expected to cease to use or materially reduce its usage of the products or services of the Company or any Relevant Group Company;
(c) at any time during the period of 12 months from the Effective Date canvass, solicit, attempt to solicit, interfere with or entice away or cause to be canvassed, solicited, interfered with or enticed away any Relevant Customer with a view to providing it with any Competing Products or Services; or
(d) at any time during the period of 12 months from the Effective Date provide or agree to provide to any Relevant Customer any Competing Products or Services; or
(e) at any time during the period of 12 months from the Effective Date solicit, entice or induce or endeavour to solicit, entice or induce or assist any Key Person to leave the Company or any Relevant Group Company, whether or not such 
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person would commit any breach of his own contract of employment or engagement by doing so; or
(f) at any time during the period of 12 months from the Effective Date in connection with any business in or proposing to be in competition with the Company or any Relevant Group Company employ, engage or appoint or in any way cause or assist to be employed, engaged or appointed a Key Person; or
(g) at any time during the period of 12 months from the Effective Date solicit or attempt to solicit or place orders for the supply of products or services from a Supplier if as a result the Supplier may reasonably be expected to cease supplying, or materially reduce its supply or vary detrimentally the terms on which it supplies products or services to the Company or any Relevant Group Company; or
(h) encourage, assist or procure any third party to do anything which, if done by the Executive would be in breach of (a) to (g) above.
16.2 Each of the restrictions in clause 16 is intended to be separate and severable and in the event that any of such restrictions shall be adjudged to be void or ineffective for whatever reason but would be adjudged to be valid and effective if part of the wording or range of services or products were reduced in scope or deleted, the said restrictions shall apply with such modifications as may be necessary to make them valid and effective.
16.3 None of the restrictions in clause 16 shall prevent the Executive from:
(a) holding up to 1% of any securities in a company which is quoted on any recognised Stock Exchange; or
(b) being employed, engaged, concerned or interested in any business insofar as the Executive's duties or work relate solely to geographical areas where the business is not in competition with the Company or any Relevant Group Company; or
(c) being employed, engaged, concerned or interested in any business insofar as the Executive's duties or work relate solely to products or services of a kind with which the Executive was not directly involved, concerned or connected during the period of 12 months immediately prior to the Effective Date.
16.4 Since by reason of services rendered to or offices held in any other Group Company the Executive may also obtain in the course of his employment knowledge of the trade secrets or other confidential information of such companies, the Executive hereby agrees that he will at the request and cost of the Company enter into a direct agreement or undertaking with such Group Company whereby the Executive will accept restrictions corresponding to the restrictions contained in this agreement (or such of them as may be appropriate in the circumstances) in relation to such products and services and such area and for such period as such Group Company may reasonably require for the protection of its legitimate interest.
16.5 It is understood and agreed by the Company and the Executive that damages may be an inadequate remedy in the event of a breach by the Executive of any of the 
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restrictions contained in this clause 16 and that any such breach by the Executive or on his behalf may cause the Company great and irreparable injury and damage. Accordingly, the Executive agrees  that the Company shall be entitled, without waiving any additional rights or remedies otherwise available to it at law or in equity or by statute, to injunctive and other equitable relief in the event of a breach or intended or threatened breach by the Executive of any of the restrictions contained in this clause 16.
16.6 If the Executive is offered new employment or a new appointment or engagement he agrees to immediately bring the terms of this clause 16 to the attention of the person making the offer.
16.7 The Executive agrees that, on or before the Termination Date, he will delete any connection between him and any Key Person or Relevant Customer or Supplier stored in any form of Social Media. The Executive further agrees that updating his profile and/or connecting or reconnecting to any Key Person or Relevant Customer or Supplier using Social Media after the Termination Date may amount to a breach of clause 16.1 above.
16.8 The Executive may seek the written consent of the Company, which may be withheld for good reason, to waive the provisions of this clause 16 on a case by case basis.
16.9 For the purposes of this clause 16 the following expressions shall have the following meanings:
(a) "Competing Products or Services" means products or services which are of the same kind as or of a materially similar kind to and competitive with any products or services sold or supplied by the Company or any Relevant Group Company during the period of 12 months immediately prior to the Effective Date and with which sale or supply the Executive was directly involved, concerned or interested or about which he possessed Confidential Information.
(b) "Confidential Information" is as defined in clause 14.1.
(c) "Effective Date" means the Termination Date or (if earlier) the date on which the Executive commences garden leave in accordance with clause 18.3 of this agreement.
(d) "Key Person" means any person employed by the Company or any Relevant Group Company who on the Effective Date is an officer of the Company or any Relevant Group Company, has "director" in his title, is a director or a member of the senior management team, senior new business person or sales person or executive or is of the same or similar grade to the Executive and in each case with whom the Executive worked or had material dealings or whose work he was responsible for or managed during the period of 12 months immediately prior to the Effective Date.
(e) "Relevant Customer" means any person, firm, company or organisation who or which at any time during the period of 12 months immediately prior to the Effective Date is or was:

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(i) negotiating with the Company or a Relevant Group Company for the sale or supply of Relevant Products or Services; and/or
(ii) a client or customer of the Company or any Relevant Group Company for the sale or supply of Relevant Products or Services,
and in each case with whom the Executive was directly involved, concerned or connected in that respect during that period or about which he possessed Confidential  Information.
(f) "Relevant Group Company" means any Group Company (other than the Company) for which the Executive has performed services under this agreement or for which the Executive has had material operational or management responsibility or has provided material services at any  time during the period of 12 months immediately prior to the Effective Date.
(g) "Relevant Products or Services" means any products or services sold or supplied by the Company or any Relevant Group Company during the period of 12 months immediately prior to the Effective Date and with which sale or supply the Executive was directly involved, concerned or connected or about which he possessed Confidential Information.
(h) "Restricted Territory" means within UK & Northern Ireland and any other country in the world (including, for the avoidance of doubt, any country within Europe together with South Africa and Australia) where on the Effective Date the Company or any Relevant Group Company was engaged in the research into, development, distribution, sale or supply of or otherwise dealt with, Relevant Products or Services.
(i) "Social Media" means  any online communication tool which facilitates the creation, publication, storage and/or exchange of user-generated content, including but not limited to Facebook, Flickr, Google, Linkedln, MySpace, Skype, Twitter, Tumblr, You Tube and Wikis.
(j) "Supplier" means any business which at any time during the period of 12 months immediately prior to the Effective Date provided products or services to the Company or the Relevant Group Company and with whom the Executive had material dealings or for whom the Executive had responsibility in that respect at any time during that period.
17STATEMENTS
17.1 The Executive will not at any time knowingly make any untrue or misleading statement in relation to the Company or any Group Company.
17.2 The Executive will not at any time after the termination of his employment with the Company represent himself as still being in any way connected with or interested with the Company or any Group Company or their respective businesses unless the particulars are specifically agreed in writing with the Company.

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17.3 The Company's officers and directors will not at any time knowingly make any untrue or misleading statement in relation to the Executive, both during and after the termination of the employment relationship.
18TERMINATION
18.1 Notwithstanding the provisions of clause 3 above, the Company may terminate this agreement immediately without notice in writing (even if the Company may  have allowed any time to elapse or on a former occasion may not have enforced its rights under this clause) and without obligation to pay any compensation to the Executive (except as required under SCHEDULE 1) if he:
(a) without any reasonable cause materially neglects, omits or refuses to perform all or any of his duties or obligations under this agreement or to observe and perform the provisions of this agreement to the reasonable satisfaction of the Board; or
(b) misconducts himself whether during or outside the course of his duties under this agreement in such a way that in the reasonable opinion of the Board the business, operation, interests or reputation of the Company or any Group Company is, or is likely to be, prejudicially affected; or
(c) commits any criminal offence (including in particular any offence involving dishonesty or violence) other than an offence which does not in the opinion of the Board affect his position under this agreement; or
(d) is convicted of an offence under any statutory enactment or regulation relating to bribery; or
(e) becomes bankrupt or makes or attempts to make any composition with creditors or if any insolvency order is made against the Executive; or
(f) becomes of unsound mind; or
(g) becomes incapacitated from performing all or any of his duties under this agreement by illness, injury or otherwise for a period exceeding (in total) 26 weeks (or for such longer period as the Company may agree) in any period of 12 months; or
(h) becomes prohibited by law from being a director of a company or if the Executive ceases to be a director of the Company without the consent of the Company; or
(i) commits any act of gross misconduct during the course of his duties under this agreement; or
(j) is guilty of any deliberate act of discrimination, harassment or victimisation on grounds of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex or sexual orientation; or
(k) commits a material breach of any Company policy or procedure.

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18.2 The Company will have the right to suspend the Executive (subject to the continued payment of Salary and benefits, but not sick pay) pending any investigation into any potential dishonesty, gross misconduct or any other circumstances which may give rise to a right to the Company to terminate the Executive's employment with or without notice for such period as it thinks fit.
18.3 During any period of notice, and provided that the Company continues to pay the Salary and to provide all benefits to which he is contractually entitled (or a sum in lieu of the value to him of such benefits) until the termination of his employment, then the Company is entitled at its absolute discretion to place the Executive on garden leave. During any such period of garden leave the Executive must not, except as authorised by the Company:
(a) attend his place of work or any other premises of the Company or any Group Company during the  remaining period of his notice (or any part of such period);
(b) make contact (including socially) with any employees, agents, suppliers or customers or clients of the Company or any Group Company except as directed by the Company during the remaining period of his notice (or any part of such period); and
(c) make any public announcement of his departure save at a time and in terms reasonably directed by the Company.
18.4 In addition to clause 18.3, during any period of garden leave, the Company may require the Executive to:
(a) not carry out his duties or to exercise his powers or responsibilities under this agreement during the remaining period of his notice period (or any part of such period);
(b) resign immediately from any offices he may hold in the Company or in any Group Company;
(c) return to the Company all documents, computer disks, laptop computers, mobile telephones, iPhones or similar devices and other property (including summaries, extracts or copies) belonging to the Company or any Group Company or to its or their clients or customers; and
(d) work from his home and/or to carry out exceptional duties or special projects outside the normal scope of his duties and responsibilities.
18.5 Whether or not either party has served notice to terminate this agreement under clause 3, the Company may, at its absolute discretion, terminate the Executive's employment at any time by notifying the Executive in writing that it is exercising its right under this clause 18.5 to dismiss him with immediate effect and that it will be making a payment to him in line with the provisions of this clause 18.5 and of clause 18.6. Such a payment will be equivalent to the Salary (excluding any benefits) which would have been payable during the Executive's notice period or any unexpired balance thereof and will be in full and final settlement of the Executive's contractual claims under this agreement. The Company is not obliged to make such a payment (and will be entitled to recover any sums already paid) if after such notification it becomes aware of any 
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grounds arising prior to the Termination Date which would have entitled it to summarily dismiss the Executive in accordance with clause 18.1.
18.6 The Company reserves the right to pay any sums due under clause 18.5 in equal monthly instalments during what would have been the unexpired portion of the Executive's contractual notice period. Notwithstanding that a termination of his employment in accordance with clause 18.5 is not a breach of this agreement, the Executive agrees that following such notification as is referred to in clause 18.5 he will be under a duty to take reasonable steps to mitigate any consequential losses by seeking an alternative remunerative position, whether as employee, director, self­ employed consultant or shareholder, and to notify the Company in writing as soon as any such position is accepted, of when it is due to commence and the financial terms applicable to it. If the Executive obtains an alternative position during this period any sums due to the Executive under clause 18.5 will  be reduced or extinguished accordingly.
18.7 If the Company terminates the Executive's employment without the written notification referred to in clause 18.5, then the Executive will have no contractual entitlement to the pay in lieu of notice referred to in that clause.
18.8 In the event of termination, the Company shall pay the Executive compensation in accordance with SCHEDULE 1.
19RETIREMENT
19.1 The Company does not have a fixed retirement age although this may be reviewed from time to time to reflect the Company's business needs. The Executive may choose at what age he wishes to retire. If the Executive wishes to retire he should provide the Company with as much notice as possible, and at least the period of notice he is required to give to terminate his employment under this agreement.
19.2 Since knowing when the Executive intends to retire may be helpful to the Company in terms of succession planning etc., the Company may ask the Executive about his plans in this respect from time to time. The Executive is not bound by any indication he gives the Company, but he agrees to keep it informed of any changes to his stated intentions arising, for example, through changes in his personal circumstances.
20DEDUCTIONS
20.1 For the purposes of the Employment Rights Act 1996, the Executive hereby authorises the Company at any time during the continuance of this agreement and in any event on termination howsoever arising, to deduct from him remuneration (which for this purpose includes Salary, pay in lieu of notice, commission, bonus, holiday pay and sick pay) all debts owed by the Executive to the Company or any Group Company, including but without limitation the balance outstanding of any loans (and interest where appropriate) advanced by the Company to the Executive, the cost of repairing any damage or loss to the Company's property caused by him, any non­ business or unauthorised expense incurred on the Company's credit card and any loss suffered by the Company as a result of any neglect or breach of duty by the Executive.

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20.2 The Executive further agrees that the Company may withhold any sums owing on termination of his employment pending his compliance with clauses 23 and 24.1 of this agreement.
21SUCCESSORS
21.1 This agreement is personal to the Executive and shall not be assigned by the Executive and the rights, benefits and obligations of the Executive hereunder shall not be subject to voluntary or involuntary assignment or transfer without prior written consent of the Company. In addition, any payment owed to the Executive hereunder after the date of the Executive's death shall be paid to the Executive's estate.
22SALE OR RECONSTRUCTION OF THE COMPANY
The Executive will have no claim against the Company if his employment under this agreement is terminated by reason of the liquidation of the Company for the purposes of amalgamation or reconstruction provided that he is offered employment with any concern or undertaking resulting from such amalgamation or reconstruction on terms and conditions which, taken as a whole, are not substantially less favourable than the terms of this agreement.
23DELIVERY OF DOCUMENTS AND PROPERTY
On termination of this agreement for any reason (or earlier if requested) the Executive will:
(a)immediately deliver up to the Company all property (including but not limited to any, hardware, documents and software, Blackberry, mobile telephone, iPhone or similar device, credit cards, keys and security passes) belonging to it or any Group Company in the Executive's possession or under his control. "Documents and software" include (but are not limited to) correspondence, diaries, address books, databases, files, reports, minutes, plans, records, documentation or any other medium for storing information. The Executive's obligations under this clause include the return of all copies, drafts, reproductions, notes, extracts or summaries (however stored or made) of all documents and software. The Company may withhold any monies then owing to the Executive in any respect pending his providing, if so requested, his written undertaking that he has complied with this obligation;
(b)provide access (including passwords) to any computer (or other equipment or software) in his possession or under his control which contains information relating to the Company or any Group Company. The Executive also agrees that the Company is entitled to inspect, copy and/or remove any such information from any such computer, equipment or software owned by the Executive or under his control and the Executive agrees to allow the Company reasonable access to the same for these purposes.
24RESIGNATION AS DIRECTOR
24.1 Without prejudice to clause 18.4(b) the Executive will on termination of this agreement for any reason at the request of the Board resign immediately without claim for separate compensation:

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(a) as a director of the Company and any such Group Company of which he is a director; and
(b) from all trusteeships held by him of any pension scheme or other trusts established by the Company or any Group Company or any other company with  which  the  Executive  has  had  dealings  as  a  consequence of  his employment with the Company.
24.2 If the Executive fails to resign within seven days of its request, the Company is irrevocably authorised to appoint a person to execute any documents and to do everything necessary to effect such resignation or resignations on the Executive's behalf, and may withhold pending compliance any sums owing to the Executive in any respect.
25DISCIPLINARY AND GRIEVANCE PROCEDURES
25.1 The Company's disciplinary and grievance procedures are set out in the Company Handbook available from Human Resources. These procedures do not form part of the Executive's contract of employment.
25.2 If the Executive has any grievance relating to his employment, he should raise it in the first instance with the Chief Human Resources Officer, in accordance with the Company's grievance procedure.
26DATA PROTECTION
26.1 The Company will collect and process information relating to the Executive in accordance with the privacy notice, which is available on the internet.
26.2 The Executive agrees to use all reasonable endeavours to keep the Company informed of any changes to his personal data and to comply with the Company's data protection rules and procedures as set out in the Company's Data Protection Policy/Staff Handbook. By entering into this agreement, the Executive is deemed to have been notified about the manner in which the Company will process his personal data.
27POLICIES AND PROCEDURES
The Executive agrees to comply with all of the Company's policies and procedures including without limitation the Company's email and internet policy, equal opportunities policy and anti-bribery policy.
28COLLECTIVE AGREEMENTS
There are no collective agreements with trade unions that directly affect the terms and conditions of the Executive's employment.
29NOTICES
29.1 Any notice to be given under this agreement to the Executive may be given to him personally or sent to him by pre-paid first class letter or sent by email addressed to him at his last known email address or place of residence. Any notice to be given to the Company should be addressed to the Line Manager and may be served by leaving it at 
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or sending the notice by email or pre-paid first class letter to him at its registered office for the time being.
29.2 Any notice served by post shall be deemed to have been served forty-eight hours after it was posted and proof that the notice was properly addressed, pre-paid and posted shall be sufficient evidence of service.
30WARRANTY
The Executive represents and warrants that he is not prevented by any agreement, arrangement, contract, understanding, court order or otherwise, which in any way directly or indirectly restricts or prohibits him from fully performing his duties in accordance with the terms and conditions of this agreement.
31ENTIRE AGREEMENT
This agreement constitutes the entire agreement between the parties and cancels and is in substitution for all previous letters of engagement, agreements, representations, offers and arrangements (whether oral or in writing) relating to the Executive's employment, all of which shall be deemed to have been terminated by mutual consent with effect from the Commencement Date.
32INVALIDITY
If any provision of this agreement is held to be invalid or unenforceable:
(a)such provision shall be deemed deleted and severed from this agreement;
(b)amendments to the agreement may be made by the addition or deletion of wording as appropriate to replace the invalid part or provision with such provision that retains the closest possible effect to the invalid provision or part and is both valid and enforceable; and
(c)the validity and enforceability of the other provisions of this agreement shall not be affected.
33CONTRACTS (RIGHTS OF THIRD PARTIES) ACT 1999
This agreement shall be enforceable by any Group Company under the Contracts (Rights of Third Parties) Act 1999. Save as expressly stated in this agreement, no other rights are conferred on any other third party, including the Executive's spouse or dependants.
34DISPUTE RESOLUTION
34.1 If any dispute arises in connection with this agreement, the parties agree to enter into mediation in good faith to settle such a dispute and will do so in accordance with the Centre for Effective Dispute Resolution ("CEDR") Model Mediation Procedure. Unless otherwise agreed between the parties within 14 days of notice of the dispute, the mediator will be nominated by CEDR.

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34.2 Mediation is a confidential process and will be entered into both voluntarily and in good faith, and neither party, by entering into such a process will waive their respective statutory or contractual employment rights.
35GOVERNING LAW AND JURISDICTION
35.1 This agreement is governed by and interpreted in accordance with the law of England and Wales.
35.2 The parties submit to the exclusive jurisdiction of the High Court of England and Wales in connection with any claim, dispute or matter arising out of or relating to this agreement.
35.3 Any delay by the Company in exercising any of its rights under this agreement will not constitute a waiver of such rights.

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IN WITNESS of which this agreement has been executed and, on the date set out above, delivered as a deed.

EXECUTED as a deed, for and on behalf of the Company, in the presence of:

Officer of the Company
Signature :  __/s/ Edward H. West_____________________
Name :        ____Edward H. West_____________________
Witness 
Signature :   _/s/ Aimie Killeen_______________________
Name :         _Aimie Killeen_________________________
Occupation:  _General Counsel______________________
Address :      _____________________________________  
Signed as a deed by the Executive in the presence of: 
Executive: 
Signature :      /s/ Marc Terry_________________________
Name :         Marc Terry___________________________

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SCHEDULE 1
EFFECT OF TERMINATION OF EMPLOYMENT ON COMPENSATION
1DEFINITIONS
In this agreement the following words, phrases and expressions shall have the following meaning:
1.1 "AECIP" means the Cardtronics plc Annual Executive Cash Incentive Plan or any current or similar or successor plan.
1.2 “Change in Control” shall mean and shall be deemed to have occurred if any event set forth in any one of the following paragraphs shall have occurred:
(a) the consummation of a merger of, or other business combination by the Parent Company  with or involving another entity; a reorganization, reincorporation, amalgamation, scheme of arrangement or consolidation involving the Parent Company; or the sale of all or substantially all of the Parent Company’s Assets to another entity (any of which, a “Corporate Transaction”); unless, following such Corporate Transaction, (a) the holders of equity securities of the Parent Company immediately prior to such transaction beneficially own, directly or indirectly, immediately after such transaction, equity securities of the resulting or surviving parent entity, the transferee entity or any new direct or indirect parent entity of the Parent Company resulting from or surviving any such transaction (such entity, the “Successor Entity”) entitled to 70% or more of the votes then eligible to be cast in the election of directors generally (or comparable governing body) of the Successor Entity in substantially the same proportion that they owned the equity securities of the Parent Company immediately prior to such transaction or (b) at least a majority of the members of the board of directors (or comparable governing body) of the Successor Entity immediately following the Corporate Transaction were Incumbent Directors (defined below at (d)) at the time of the execution of the initial agreement providing for such Corporate Transaction; 
(b) upon the dissolution or liquidation of the Parent Company, other than a liquidation or dissolution into any entity in which the holders of equity securities of the Parent Company immediately prior to such liquidation or dissolution beneficially own, directly or indirectly, immediately after such liquidation or dissolution equity securities of the entity into which the Parent Company was liquidated or dissolved entitled to 70% or more of the votes then eligible to be cast in the election of directors generally (or comparable governing body) of such entity, in substantially the same proportion that they owned the equity securities of the Parent Company immediately prior to such liquidation or dissolution;
(c) when any person or entity, including a “group” as contemplated by Section 13(d)(3) of the US Securities Exchange Act 1934 as amended from time to time, but excluding any employee benefit plan sponsored by the Parent Company (or any related trust thereto), acquires or gains ownership or control (including, without limitation, power to vote) of more than 30% of the combined voting power of the outstanding equity securities of the Parent Company, other than any entity in which the holders of equity securities of the Parent Company immediately prior to such acquisition beneficially own, directly or indirectly, immediately after such acquisition, equity securities of the acquiring entity entitled to 70% or more of the 
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votes then eligible to be cast in the election of directors generally (or comparable governing body) of the acquiring entity, in substantially the same proportion that they owned the equity securities of the Parent Company immediately prior to such acquisition or any employee benefit plan sponsored by any such entity (or any related trust thereto); or
(d) during any period of twelve consecutive months the following individuals (the “Incumbent Directors”) cease for any reason to constitute a majority of the number of directors then serving on the board of directors of the Parent Company (the "Board") : individuals who, on the Commencement Date, constitute the Board and any new director whose appointment or election by the Board or nomination for election by the Company’s shareholders was approved or recommended by a vote of at least a majority of the directors then still in office who either were directors on the Commencement Date or whose appointment, election or nomination for election was previously so approved or recommended (other than such new director whose initial assumption of office is in connection with an actual or threatened election contest, including, but not limited to, a consent or proxy solicitation, relating to the election of directors of the Company by or on behalf of a Person other than the Board).
1.3 "Entity" means any corporation, partnership, association, joint-stock company, limited liability company, trust, unincorporated organisation or other business entity.
1.4 "Good Reason" means the occurrence of any of the following events:
(a) A diminution of Salary of 5% or more, unless such reduction is part of an initiative that applies to and affects all similarly situated executive officers of the Company substantially the same and proportionally;
(b) A material diminution in the Executive's authority, duties or responsibilities (including in connection with Change in Control or other Corporate Transaction, the Executive being assigned to any position (including offices and reporting requirements), authority, duties or responsibilities that are not at or with with Parent Company or the corporation or other Entity surviving or resulting from such Corporate Transaction) including, without limitation, Executive's ceasing to be an officer and a publicly traded company;
(c) the involuntary relocation of the Executive's place of work by more than 50 miles from the agreed location as a result of or in connection with a Change of Control or other Corporate Transaction; or
(d) A material breach of this agreement by the Company, other than an isolated, insubstantial and inadvertent failure to comply with this agreement not occurring in bad faith
Notwithstanding the above or any other provision in this agreement to the contrary, the Executive shall not be able to assert that this agreement has been terminated for "Good Reason" unless all of the following conditions are satisfied:
(a) the condition described above must have happened without the Executive's consent;

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(b) the Executive must have provided a written Notice of Breach to the Company of such condition in accordance with clause 29 within  90 days of the initial existence of such condition;
(c) the condition specified in the Notice of Breach must remained uncorrected for 30 days following the Company's receipt of the Notice of Breach; and
(d) the date of the Executive's termination of employment must occur within 90 days of the initial existence of the condition specified in the Notice of Breach.
Any Notice of Breach shall be deemed void if the Company rectifies the matter giving rise to Good Reason above within 30 days of the Notice of Breach.
1.5 "LTIP" means the Company’s long term incentive plan from time to time, which at the Effective Date are awards issued pursuant to the terms of the Cardtronics Inc. 2007 Stock Incentive Plan as amended and restated from time to time or any current or similar or successor plan and the relevant award agreement. 
1.6 "Notice of Breach" means a written notice delivered to the other party that:
(a) indicates the specific provision in this agreement that the party contends the other party has breached or the specific circumstance in the definition of Good Reason that the party alleges to exist; and
(b) where applicable, details the facts and circumstances that provide the basis for such breach or other condition.
1.7 "Parent Company" means Cardtronics plc, a public limited company organised under English law, or any successor thereof, including any Entity into which Cardtronics plc is merged, consolidated or amalgamated, including, without limitation, any Entity otherwise resulting from a Corporate Transaction.
1.8 "Parent Company's Assets" means the assets (of any kind) owned by the Parent Company, including, without limitation, the securities of the Parent Company’s Subsidiaries and any of the assets owned by the Parent Company’s Subsidiaries.  
1.9 "Person” shall have the meaning provided in Section 3(a)(9) of the US Securities Exchange Act 1934 as amended from time to time, as modified and used in Sections 13(d) and 14(d) thereof, except that such term shall not include (i) the Parent Company or any of its Subsidiaries, (ii) a trustee or other fiduciary holding securities under an employee benefit plan of the Parent Company or any company that is owned or is controlled by the Parent Company, (iii) an underwriter temporarily holding securities pursuant to an offering by the Parent Company of such securities, or (iv) an Entity owned, directly or indirectly, by the shareholders of the Parent Company in substantially the same proportion as their ownership of shares of the Parent Company.
1.10 “Subsidiary” shall mean any direct or indirect majority-owned subsidiary of the Parent Company or any majority-owned subsidiary thereof, or any other Entity in which the Parent Company owns, directly or indirectly, a significant financial interest provided that the Chief Executive Officer of the Parent Company designates such Entity to be a Subsidiary for the purposes of this Agreement.
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2TERMINATION OF EMPLOYMENT – termination under Clause 18.1, death and resignation other than for Good Reason
2.1 If  the Executive's employment is terminated:
(a) in accordance with Clause 18.1; or
(b) by reason of the Executive's death; or
(c) by the Executive resigning other than for Good Reason;
then all compensation and all benefits to the Executive shall terminate contemporaneously with such termination of employment, except as specified in paragraphs 2.2, 2.3 and 2.4 of this Schedule 1.
2.2 If the Executive's employment is terminated for a reason specified at paragraph 2.1, the Executive shall be entitled, subject to paragraph 5, to:
(a) payment of all accrued and unpaid Salary up to and including the Termination Date;
(b) reimbursement for all expenses incurred but not yet reimbursed, in accordance with Clause 9; 
(c) all benefits to which the Executive is entitled under Clauses 10 and 11 up to and including the Termination Date; and
(d) except in the case of termination in accordance with any of paragraphs (a) to (e) inclusive or (h) to (k) inclusive of Clause 18.1, any unpaid annual bonus under the AECIP for the calendar year ending prior to the Termination Date, which amount shall be payable in a lump sum on the date such annual bonuses are paid to executives who have continued employment with the Company or its parent company (but in no event later than 15 March of the calendar year following the calendar year to which such annual bonus relates).
2.3 In addition, if the Executive's employment is terminated pursuant to Clause 18.1(f) or Clause 18.1(g) or by reason of his death, then, save to the extent that the applicable award agreement provides for more favourable treatment, and subject to execution by the Executive or the Executive’s representative of a settlement agreement and the Executive’s or the Executive’s representative’s ongoing compliance with all of the surviving provisions of this agreement, the following treatment, subject to paragraph 5, shall apply to any outstanding equity awards granted to the Executive:
(a) any sign-on or one-off special equity awards that were not awarded to the Executive as annual awards pursuant to the LTIP shall vest in full on the Termination Date;
(b) any equity awards granted as annual awards pursuant to the LTIP which vest solely on the basis of continued employment or service and which would have vested, but for the termination of the Executive's employment, within 12 months immediately following the Termination Date, shall vest on the Termination Date; and

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(c) any equity awards granted as annual awards pursuant to the LTIP which vest in whole or in part on the basis of performance targets shall vest as follows:
(i) where the Termination Date falls before the expiry of the performance period, an award shall be deemed to have been earned at the target level of performance specified for that award and the number of Shares which vest under that award shall then be pro-rated to reflect the number of full and partial months for which the Executive was employed within the performance period compared to the total number of months in the performance period; and
(ii) where the Termination Date falls on or after the expiry of the performance period, any award earned by reference to that performance period shall, if not already vested, vest in full on the Termination Date to the extent so earned.
3TERMINATION OF EMPLOYMENT – resignation for Good Reason or termination by the Company other than under Clause 18.1 otherwise than in the 24 months following a Change in Control. 
3.1 Unless the Executive's employment is terminated in the 24 months following a Change in Control, if the Executive's employment is terminated by way of:
(a) the Executive's resignation for Good Reason; or
(b) the Company terminating the Executive's employment for any reason other than those specified in Clause 18.1;
then all compensation and all benefits to the Executive shall terminate contemporaneously with such termination of employment, except as specified in paragraphs 3.2, 3.3 and 3.4 of this Schedule 1.
3.2 If the Executive's employment is terminated in accordance with paragraph 3.1, the Executive shall be entitled, subject to paragraph 5, to:
(a) payment of all accrued and unpaid Salary up to and including the Termination Date;
(b) reimbursement for all expenses incurred but not yet reimbursed, in accordance with Clause 9; 
(c) all benefits to which the Executive is entitled under Clauses 10 and 11 up to and including the Termination Date,; and  
(d) any unpaid annual bonus under the AECIP for the calendar year ending prior to the Termination Date, which amount shall be payable in a lump sum on the date such annual bonuses are paid to executives who have continued employment with the Company or its parent company (but in no event later than 15 March of the calendar year following the calendar year to which such annual bonus relates).

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3.3 In addition, if the Executive's employment is terminated in accordance with paragraph 3.1, then, subject to execution by the Executive of a settlement agreement and the Executive's compliance with all of the surviving provisions of this agreement, the Executive shall be entitled, subject to paragraph 5, to receive the following:  
(a) a bonus for the calendar year in which the Termination Date occurs of an amount equal to the bonus payable under the AECIP for such year as determined in good faith by the Board in accordance with the criteria  determined by the Board in its sole discretion under the AECIP (as outlined in Schedule 2 to this agreement) and based on the Company's performance for such year, which amount shall be pro rated for the period up to and including the Termination Date (based on the number of days for which the Executive was employed by the Company during such year compared against the number of days in such year) and payable in a lump sum on the date such annual bonuses are paid to executives who have continued employment with the Company or its parent company (but in no event later than 15 March of the calendar year following the calendar year to which such annual bonus relates); and
(b) an amount equal to the sum of the Executive's annual Salary as at the Termination Date and the annual bonus payable to the Executive under the AECIP at target for the year in which the Termination Date falls, which amount shall be divided into and paid in twelve equal consecutive monthly instalments, commencing on the first payroll date that falls on or immediately follows the 60th day after the Termination Date.  
3.4 In addition, if the Executive's employment is terminated in accordance with paragraph 3.1, then, save to the extent that the applicable award agreement provides for more favourable treatment, and subject to execution by the Executive or the Executive’s representative of a settlement agreement and the Executive's compliance with all of the surviving provisions of this agreement, the following treatment, subject to paragraph 5, shall apply to any outstanding equity awards granted to the Executive: 
(a) any sign-on or one-off special equity awards that were not awarded to the Executive as annual awards pursuant to the LTIP shall vest in full on the Termination Date;
(b) any equity awards granted as annual awards pursuant to the LTIP which vest solely on the basis of continued employment or service and which would have vested, but for the termination of the Executive's employment, within 12 months immediately following the Termination Date, shall vest on the Termination Date; and
(c) any equity awards granted as annual awards pursuant to the LTIP which vest in whole or in part on the basis of performance targets shall vest as follows:
(i) where the Termination Date falls during the first 12 calendar months of a performance period applicable to an award, that award shall be forfeited;

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(ii) where the Termination Date falls after the end of the first 12 calendar months of a performance period applicable to an award but prior to the end of that performance period, an award shall be deemed to have been earned at the actual level of performance for that award and the number of Shares which vest under that award shall then be pro-rated to reflect the number of full and partial months for which the Executive was employed within the performance period compared to the total number of months in the performance period; and
(iii) where the Termination Date falls on or after the expiry of the performance period, any award earned by reference to that performance period shall, if not already vested, vest in full on the Termination Date to the extent so earned.
4TERMINATION OF EMPLOYMENT – resignation for Good Reason or termination other than under Clause 18.1 in the 24 months following a Change in Control. 
4.1 If within 24 months following a Change in Control, the Executive's employment is terminated by way of:
(a) the Executive's resignation for Good Reason; or
(b) the Company terminating the Executive's employment for any reason other than those detailed in Clause 18.1;
then all compensation and all benefits to the Executive shall terminate contemporaneously with such termination of employment, except as detailed in the following paragraphs of this SCHEDULE  1.
4.2 If the Executive's employment is terminated in accordance with paragraph 4.1 then subject to the Executive's compliance with all of the surviving provisions of this agreement, the Executive shall be entitled to receive, subject to paragraph 5, the following:
(a) payment of all accrued and unpaid Salary up to and including the Termination Date;
(b) reimbursement for all incurred expenses incurred but not yet reimbursed, in accordance with clause 9; and
(c) all benefits to which the Executive is entitled under Clauses 10 and 11 up to and including the Termination Date;
4.3 In addition, if the Executive's employment is terminated in accordance with paragraph 4.1, then, subject to execution by the Executive of a settlement agreement and the Executive's compliance with all of the surviving provisions of this agreement, the Executive shall be entitled, subject to paragraph 5, to receive the following:
(a) a bonus for the calendar year in which the Termination Date occurs in of an amount equal to the target bonus payable under the Annual Incentive Plan AECIP  for such year in accordance with the criteria established pursuant to SCHEDULE 2, which amount shall be pro rated through and for the period up to and including the Termination Date (based on the number of days for which the Executive was 
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employed by the Company during such year compared against the number of days in such year) and payable in a lump sum on the first payroll date that falls on or immediately following the 60th day after the Termination Date;
(b) an amount equal to the twice the Executive's annual salary as of at the Termination Date which shall be payable in a lump sum on the first payroll date that falls on or immediately following the 60th day after the Termination Date; and
(c) notwithstanding anything to the contrary in the applicable award agreement, unless the applicable award agreement provides for more favourable treatment and provided the applicable stock incentive plan allows: 
(A)any sign-on or one-time special equity awards that were not awarded to the Executive as part of the Company’s annual LTIP, shall fully vest as of the Termination Date; 
(B)any equity awards granted as part of the annual LTIP that vest solely based on continued employment or service that would have, but for the termination of the Executive’s employment, vested following the Termination Date, shall fully vest as of the Termination Date; 
(C)equity awards granted as part of the annual LTIP that vest solely or in part based on performance goals: 
(1)for a termination of employment during the performance period applicable to an award, such awards shall be deemed earned at the greater of actual or target level of performance and any time-vesting condition shall be satisfied as of the Termination Date; and 
(2)for a termination of employment following the end of the performance period applicable to an award, any awards earned during the performance period, and that would have, but for the termination of the Executive’s employment, vested following the Termination Date, shall fully vest as of the Termination Date.  
In the event the applicable stock incentive plan does not allow for vesting of any award as outlined herein, the Executive shall be entitled to the most favourable treatment for vesting of that award available under the applicable stock incentive plan.
5. GENERAL PROVISIONS

5.1 Any amount payable under paragraphs 2.2 (d),  2.3(a) to (c), 3.2 (d), 3.3 (a) and (b), 3.4 (a) to (c), 4.3 (a) to (c) of this SCHEDULE 1 shall be reduced by:
(a) an amount equal to any entitlement to any payment for breach of statutory rights arising as a result of termination of this Agreement (save to the extent prohibited by law) including but not limited to compensation in respect of unfair dismissal;
(b) any amounts payable or provided to the Executive following the giving of notice under this Agreement or termination of this Agreement in respect of salary and benefits during the notice period or in lieu of notice, accrued untaken holiday and/or statutory or enhanced redundancy payments; and 

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(c) where there are insufficient cash amounts payable under this SCHEDULE 1 against which to offset any amounts specified in (a) and (b), amounts of equity otherwise deliverable in accordance with this Agreement such amount of stock shall be forfeited as the Board shall reasonably determine to have an equivalent cash value.
5.2 Reference to execution of a settlement agreement in this SCHEDULE 1 shall mean the Executive signing, within 30 days of the Termination Date or 45 days if the Company determines necessary, a settlement agreement in a form and substance satisfactory to the Company (acting reasonably) which shall include, without limitation, a general release of contractual and statutory claims against the Company and all related persons and entities and a reaffirmation of all of the Executive's continuing obligations to the Company under this Agreement or any other agreement between the Executive and the Company which are expressed to survive termination of employment (including but not limited to clauses 14 (Confidentiality), 15 (Intellectual Property) and 16 (Restrictive Covenants) of this agreement)
5.3 Where on termination of the Executive's employment the Company requires a settlement agreement to be executed by the Executive in accordance with paragraph 5.2, the Executive agrees that any vesting rights conferred under the LTIP or under the AECIP on the termination shall not accrue unless and until that settlement agreement has been executed by the Executive. The Executive further agrees that any rights under the LTIP or under the AECIP, whether awarded before or after the date of this Agreement, shall be amended so that they are subject to this paragraph 5.3, notwithstanding that this provision is not included in the terms of grant. 

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SCHEDULE 2
ANNUAL EXECUTIVE CASH INCENTIVE PLAN
You will participate in the Annual Executive Cash Incentive Plan (“AECIP”) with a target of 65% of your annual base salary. Payment is subject to the achievement of Company performance to established targets and defined individual objectives where results are determined by the Compensation Committee. The AECIP allows you to earn 0% to 200% of target based on results. 

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SCHEDULE 3
CARDTRONICS STOCK INCENTIVE PLAN
You shall be eligible to participate in the Stock Incentive Plan (“LTIP”), subject to the terms of the Plan. You will have a target compensation of 85% of base salary and will allow you to earn 0% to 200% of shares awarded. The LTIP grants a combination of time­ based restricted stock units and performance based restricted stock units which must be earned through Company performance.
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