Document:

Blake Dawson Waldron Service Contract

 Exhibit 4.11 
  
 Service Contract 
  
 BHP Billiton Limited 
  
 ABN 49 004 028 077 
  
 BHP Billiton PLC 
  
 Charles W. Goodyear 
  
 21 August 2003 

  
 CONTENTS 
  

	 1.
	  	INTERPRETATION
			
	 	  	1.1	  	Definitions
	 	  	1.2	  	Rules for interpreting this deed
	 	  	1.3	  	BHP Billiton
		
	 2.
	  	APPOINTMENT AND TERM
			
	 	  	2.1	  	Appointment
	 	  	2.2	  	Location
	 	  	2.3	  	Term
		
	 3.
	  	RESPONSIBILITIES
			
	 	  	3.1	  	Accountability
	 	  	3.2	  	Officer of other corporations
	 	  	3.3	  	Outside directorships
		
	 4.
	  	REMUNERATION AND BENEFITS
			
	 	  	4.1	  	Base salary
	 	  	4.2	  	Payment in lieu of retirement benefits
	 	  	4.3	  	Incentives
	 	  	4.4	  	Death in service and disability benefits
	 	  	4.5	  	Health care
	 	  	4.6	  	Out-of-pocket expenses
	 	  	4.7	  	Relocation assistance
	 	  	4.8	  	Annual review of remuneration and benefits
	 	  	4.9	  	UK Services
		
	 5.
	  	ANNUAL LEAVE
		
	 6.
	  	RESTRAINT
			
	 	  	6.1	  	Prohibition
	 	  	6.2	  	Exceptions
		
	 7.
	  	CONFIDENTIAL INFORMATION
			
	 	  	7.1	  	Use of Confidential Information
	 	  	7.2	  	Exceptions
	 	  	7.3	  	Continuation
		
	 8.
	  	TERMINATION OF EMPLOYMENT
			
	 	  	8.1	  	Notice of termination by BHP Billiton
	 	  	8.2	  	Termination for cause by BHP Billiton
	 	  	8.3	  	Resignation by Mr Goodyear

  

 i. 

  

	 	  	8.4	  	Death, protracted illness or disablement
	 	  	8.5	  	Accrued benefits
	 	  	8.6	  	Return to USA
	 	  	8.7	  	Complete statement of entitlements
	 	  	8.8	  	Resignation from offices consequent upon termination
	 	  	8.9	  	Re-delivery of property and documents
	 	  	8.10	  	Post-employment restraint
	 	  	8.11	  	Payments subject to law
		
	 9.
	  	 NOTICES

		
	 10.
	  	 GENERAL

			
	 	  	10.1	  	Governing law
	 	  	10.2	  	Severability

  

 ii. 

  
 SERVICE CONTRACT 
  
 DATE 21 August 2003 
  
 PARTIES

  
 BHP Billiton Limited ABN 49 004 028 077
(Limited) 
  
 BHP Billiton PLC of Neathouse Place,
London SW1V1BH, United Kingdom, a company registered under the laws of England and Wales (PLC) 
  
 Charles W. Goodyear of c/- BHP Billiton Group, 600 Bourke Street Melbourne, Victoria, Australia (Mr Goodyear) 
  
 RECITALS 
  

	A.	BHP Billiton Limited and BHP Billiton PLC, having formed a dual listed company structure on 29 June 2001, operate as if they were a single unified economic entity, through boards of
directors which comprise the same individuals and a unified senior executive management. 

  

	B.	The directors of BHP Billiton Limited and BHP Billiton PLC must, in addition to their duties to the company concerned, have regard to the interests of the holders of ordinary shares
in BHP Billiton Limited and the holders of ordinary shares in BHP Billiton PLC as if the two companies were a single unified economic entity and for that purpose the directors of each company take into account in the exercise of their powers the
interests of the shareholders of the other. 

  

	C.	On 5 January 2003, the Boards of Directors of BHP Billiton Limited and BHP Billiton PLC appointed Mr Goodyear as Chief Executive Officer of the BHP Billiton Group.

  

	D.	Mr Goodyear is also a director of BHP Billiton Limited and BHP Billiton PLC. 

  

	E.	This deed sets out the terms and conditions on which Mr Goodyear holds the office of Chief Executive Officer of the BHP Billiton Group and is employed by BHP Billiton.

  

  
 OPERATIVE PROVISIONS 
  

	1.	INTERPRETATION 

  

	1.1	Definitions 

  
 The following definitions apply in this deed. 
  
 Additional Benefits Letter means the letter dated on or about the date of this deed from BHP Billiton to Mr Goodyear that describes, among other
things, Mr Goodyear’s death in service, disability and spouse’s and children’s benefits. 
  
 Associate, in relation to Mr Goodyear, includes: 
  

	 	(a)	his Relatives; 

  

	 	(b)	any Controlled Entity of Mr Goodyear. 

  
 BHP Billiton means Limited and PLC. 
  
 BHP Billiton Group means Limited, PLC and their respective Controlled Entities. 
  
 Confidential Information means all trade secrets and all information about the affairs or business of the BHP
Billiton Group (or any member of it) including information about internal systems and procedures, strategies, market information, business practices, clients, employees, business plans or marketing plans. 
  
 Controlled Entity, in relation to Limited, PLC or Mr Goodyear, means
an entity that is controlled by BHP Billiton (or Limited or PLC) or Mr Goodyear (or, in the case of Mr Goodyear, any Relative of Mr Goodyear), as the case may be, within the meaning of section 50AA of the Corporations Act 2001 (Cth).

  
 Entity means a body corporate, partnership,
unincorporated body or association or trust (and includes, in the case of a trust, the trustee of the trust). 
  
 Group Incentive Scheme means Limited’s or PLC’s Group Incentive Scheme (as varied or replaced from time to time), as applicable.

  

 2. 

  
 Group Vice-President Human Resources means the officer of the BHP Billiton Group holding that office or, if there is no such officer, such other person who from time to time has overall responsibility for human
resources within the BHP Billiton Group. 
  
 Limited Board
means the Board of Directors of Limited. 
  
 PLC Board
means the Board of Directors of PLC. 
  
 Relatives, in
relation to Mr Goodyear, means his spouse, parents, children and other descendants, and his siblings. 
  

	1.2	Rules for interpreting this deed 

  
 Headings are for convenience only, and do not affect interpretation. The following rules also apply in interpreting this deed, except where the context
makes it clear that a rule is not intended to apply. 
  

	 	(a)	A singular word includes the plural, and vice versa. 

  

	 	(b)	A word which suggests one gender includes the other genders. 

  

	 	(c)	If a word is defined, another part of speech has a corresponding meaning. 

  

	 	(d)	A reference to a person includes any Entity, authority, state or government. 

  

	 	(e)	If an example is given of anything (including a right, obligation or concept), such as by saying it includes something else, the example does not limit the scope of that thing.

  

	 	(f)	The word agreement includes an undertaking or other binding arrangement or understanding, whether or not in writing. 

  

	 	(g)	The word subsidiary has the same meaning as in the Corporations Act 2001 (Cth). 

  

	1.3	BHP Billiton 

  
 The obligations of BHP Billiton under this deed bind Limited and PLC jointly and each of them severally. 
  

 3. 

  

	2.	APPOINTMENT AND TERM 

  

	2.1	Appointment 

  
 BHP Billiton confirms the appointment of Mr Goodyear as Chief Executive Officer of the BHP Billiton Group with effect from 5 January 2003. Mr Goodyear
confirms acceptance of that appointment. 
  

	2.2	Location 

  
 For so long as he holds the office of Chief Executive Officer of the BHP Billiton Group, Mr Goodyear will be based in Melbourne, Australia and will
relocate to Melbourne on a date to be agreed between the parties. 
  

	2.3	Term 

  
 Mr Goodyear’s term of appointment as Chief Executive Officer of the Billiton Group will continue until his employment with BHP Billiton is terminated under clause 8. 
  

	3.	RESPONSIBILITIES 

  

	3.1	Accountability 

  

	 	(a)	Mr Goodyear must perform the duties of the office of Chief Executive Officer of the BHP Billiton Group. He will be accountable to the Limited Board and the PLC Board for the
performance of his duties and the exercise of his powers. 

  

	 	(b)	Mr Goodyear must perform the duties and exercise the powers assigned to or vested in him by the Limited Board and the PLC Board from time to time, and comply with all lawful orders
and instructions given by the Limited Board and the PLC Board (including all rules, regulations and policies which are established by Limited or PLC). 

  

	3.2	Officer of other corporations 

  
 If BHP Billiton reasonably requires, Mr Goodyear must perform services and hold office not only for Limited and PLC but also for any of their respective Controlled Entities that the Limited Board or the PLC Board may nominate from time to time. 
  

 4. 

  

	3.3	Outside directorships 

  
 Subject to clause 3.2 above, Mr Goodyear will not be a director of any other Entity (other than a wholly-owned member of the BHP Billiton Group) while
employed by BHP Billiton, without the prior written consent of the Chairman of Limited or PLC. 
  

	4.	REMUNERATION AND BENEFITS 

  

	4.1	Base salary 

  
 Mr Goodyear’s gross (before tax) base salary will be US$1,250,000 per annum payable by BHP Billiton in equal fortnightly instalments during the term
of his employment. 
  

	4.2	Payment in lieu of retirement benefits 

  
 Mr Goodyear’s remuneration will also include such further sum per annum (referred to as the “retirement sum”) calculated and payable
in accordance with the Additional Benefits Letter (which sum as at the date of this deed is US$600,000 per annum) payable by BHP Billiton in equal fortnightly instalments during the term of his employment (or otherwise as specified in accordance
with the provisions of the Additional Benefits Letter), in lieu of retirement benefits being provided to Mr Goodyear. To avoid doubt, Mr Goodyear acknowledges and agrees that remuneration payable under this clause 4.2 is taken not to form part of
his “Gross Salary” for the purposes of the Group Incentive Scheme. 
  

	4.3	Incentives 

  
 Mr Goodyear is entitled to participate in the Group Incentive Scheme, subject to the rules of that Scheme. 
  

	4.4	Death in service and disability benefits 

  
 BHP Billiton must provide death in service benefits and ill-health retirement benefits, as described in the Additional Benefits Letter. 
  

	4.5	Health care 

  

	 	(a)	During the term of his employment, BHP Billiton will reimburse Mr Goodyear for the cost of obtaining private health insurance covering Mr Goodyear and his wife and dependent
children, subject to Mr Goodyear obtaining the prior approval of 

  

 5. 

  
 BHP Billiton to the incurring of such cost (such approval not to be unreasonably withheld). To avoid doubt, this reimbursement will cease on termination or retirement. 
  

	 	(b)	If any tax or duty is payable by Mr Goodyear in respect of a reimbursement under paragraph 4.5(a), BHP Billiton must pay (in addition to the amount reimbursed under paragraph
4.5(a)) an amount sufficient to ensure that after Mr Goodyear pays that tax or duty, Mr Goodyear retains the benefit of a net sum equal to the amount otherwise payable under paragraph 4.5(a). 

  

	4.6	Out-of-pocket expenses 

  

	 	(a)	BHP Billiton will: 

  

	 	(i)	pay all business related travel and accommodation expenses of Mr Goodyear in accordance with BHP Billiton’s travel policy from time to time; and 

  

	 	(ii)	on presentation of proper records such as invoices and receipts reasonably required by BHP Billiton, reimburse Mr Goodyear for all telephone, entertainment and other out-of-pocket
expenses properly incurred in the performance of his duties as Chief Executive Officer of the BHP Billiton Group. 

  

	 	(b)	If any tax or duty is payable by Mr Goodyear in respect of a payment or reimbursement under paragraph 4.6(a), BHP Billiton must pay (in addition to the amount reimbursed under
paragraph 4.6(a)) an amount sufficient to ensure that after Mr Goodyear pays that tax or duty, Mr Goodyear retains the benefit of a net sum equal to the amount otherwise payable under paragraph 4.6(a). 

  

	4.7	Relocation assistance 

  

	 	(a)	Subject to paragraphs (b) and (c) below, BHP Billiton Group’s International Mobility Policy (as varied and replaced from time to time) shall be applied in relation to the
relocation of Mr Goodyear and his family from London to Melbourne. 

  

 6. 

  

	 	(b)	Despite anything in the terms of BHP Billiton Group’s International Mobility Policy: 

  

	 	(i)	the cap in section 6.3.9 of such Policy on reimbursement of transaction costs for the purchase and sale of private residence shall not apply in respect of Mr Goodyear; and

  

	 	(ii)	BHP Billiton will pay or procure payment of all costs incurred by Mr Goodyear in connection with the preparation of Mr Goodyear’s tax returns and the tax returns of his spouse
and dependent children during the term of his employment, subject to Mr Goodyear otherwise complying with the Policy in respect of preparation of those returns; and 

  

	 	(iii)	BHP Billiton will pay or will procure payment of all reasonable costs incurred by Mr Goodyear during the term of his employment in relation to the storage of any household goods
which are not relocated to Australia. 

  

	 	(c)	Subject to paragraph (d), if any tax or duty is payable by Mr Goodyear in respect of a reimbursement or payment made to Mr Goodyear pursuant to the International Mobility Policy (as
it applies to Mr Goodyear), BHP Billiton must pay (in addition to the amount reimbursed or paid under the Policy) an amount sufficient to ensure that after Mr Goodyear pays that tax or duty, Mr Goodyear retains the benefit of a net sum equal to the
amount otherwise payable under the Policy (as it applies to him). 

  

	 	(d)	Paragraph (c) does not apply in respect of any relocation allowance paid to Mr Goodyear under BHP Billiton Group’s International Mobility Policy. 

  

	4.8	Annual review of remuneration and benefits 

  
 BHP Billiton will review the amount of Mr Goodyear’s annual remuneration and benefits at least once in each year during the term of his employment.
However, BHP Billiton will be under no obligation to increase Mr Goodyear’s remuneration or benefits following that review. 
  

 7. 

  

	4.9	UK Services 

  
 The parties agree and acknowledge that US$500,000 of Mr Goodyear’s remuneration (such amount to be reviewed at least annually as part of the review
referred to in clause 4.8) shall be referrable to services rendered in the United Kingdom to PLC by Mr Goodyear, but not services rendered to PLC and its Controlled Entities outside the United Kingdom. 
  

	5.	ANNUAL LEAVE 

  
 Mr Goodyear is entitled to public holidays, and to 30 business days’ leave in each year of his employment, on full remuneration. The annual leave in
each year is to be taken at a time or times mutually convenient to BHP Billiton and Mr Goodyear (or as directed by BHP Billiton). Annual leave may be accumulated from year to year in accordance with BHP Billiton Group’s applicable policies from
time to time. 
  

	6.	RESTRAINT 

  

	6.1	Prohibition 

  
 Except as required or permitted under clause 3 or with the prior permission of the Chairman of Limited or PLC, Mr Goodyear must not: 
  

	 	(a)	undertake any trade, business or profession; 

  

	 	(b)	become an officer, employee, agent, consultant, adviser or contractor of any person; or 

  

	 	(c)	be concerned or interested in another business, 

  
 while he is employed by BHP Billiton. 
  

	6.2	Exceptions 

  
 Clause 6.1 does not prohibit Mr Goodyear investing in: 
  

	 	(a)	securities of a corporation which does not carry on business similar to or in competition with any member of the BHP Billiton Group; or 

  

	 	(b)	up to 5% of the securities of any corporation if those securities are quoted on a stock exchange; or 

  

 8. 

  

	 	(c)	an investment fund provided that neither the fund nor its investment manager (if any) is a Controlled Entity of Mr Goodyear and none of Mr Goodyear and his Associates participates
in decision-making by the fund, or has the right to direct the fund to acquire or dispose of particular securities. 

  

	7.	CONFIDENTIAL INFORMATION 

  

	7.1	Use of Confidential Information 

  
 Subject to clause 7.2, Mr Goodyear must not, and must use best endeavours to ensure that third parties do not, directly or indirectly: 
  

	 	(a)	disclose to any other person any Confidential Information; or 

  

	 	(b)	use Confidential Information in any manner which is not in the proper course of the duties set out in this deed and for the benefit of the BHP Billiton Group.

  

	7.2	Exceptions 

  
 Clause 7.1 does not apply to Confidential Information: 
  

	 	(a)	disclosed with the consent of Limited or PLC; 

  

	 	(b)	disclosed as required by law; or 

  

	 	(c)	which has come into the public domain otherwise than by breach of a provision of this deed. 

  

	7.3	Continuation 

  
 Clause 7 continues to apply after Mr Goodyear’s employment is terminated or otherwise ceases. 
  

	8.	TERMINATION OF EMPLOYMENT 

  

	8.1	Notice of termination by BHP Billiton 

  
 BHP Billiton will be entitled to terminate Mr Goodyear’s employment by giving Mr Goodyear not less than 12 months’ written notice, or
immediately by paying him 
  

 9. 

  
 12 months’ base salary and retirement sum (calculated at the rate payable to Mr Goodyear at the date of notice) instead of giving him notice. 
  

	8.2	Termination for cause by BHP Billiton 

  
 BHP Billiton will be entitled to terminate Mr Goodyear’s employment immediately should Mr Goodyear: 
  

	 	(a)	become bankrupt or make an arrangement or composition with his creditors; or 

  

	 	(b)	wilfully commit any breach of a provision of this deed; or 

  

	 	(c)	commit any act of fraud, dishonesty or other serious misconduct; or 

  

	 	(d)	vacate office as a director of Limited or PLC under a provision of Limited’s or PLC’s constitution. 

  
 Except as set out in clause 8.5, Mr Goodyear will not be entitled to any
compensation if his employment is terminated under the provisions of this clause 8.2. 
  

	8.3	Resignation by Mr Goodyear 

  

	 	(a)	Mr Goodyear is entitled to resign from his employment by giving BHP Billiton not less than 3 months’ written notice. 

  

	 	(b)	If Mr Goodyear gives notice of his resignation under paragraph (a), BHP Billiton will be entitled (instead of retaining Mr Goodyear in its service for part or all of the period of
notice) to require Mr Goodyear to resign as from an earlier date notified to him by BHP Billiton. If BHP Billiton does so, it must pay Mr Goodyear an amount equal to his base salary and retirement sum (calculated at the rate payable to Mr Goodyear
at the date of notice) for the period between the date on which Mr Goodyear’s resignation takes effect and the date of expiry of the original notice period. 

  

	 	(c)	A payment made under this clause will constitute satisfaction of BHP Billiton’s obligation to employ Mr Goodyear during the original notice period. 

  

 10. 

  

	8.4	Death, protracted illness or disablement 

  
 If Mr Goodyear becomes unable to perform his duties due to illness or injury for: 
  

	 	(a)	a period or periods totalling more than 4 months in any year, BHP Billiton is entitled to suspend payment of his salary and other benefits in respect of any period in excess of 3
months during which Mr Goodyear is unable to perform his duties; and 

  

	 	(b)	a period exceeding 4 consecutive months, BHP Billiton is entitled to terminate Mr Goodyear’s employment with immediate effect (and except as set out in clauses 4.4 (Death in
Service and Disability Benefits) and 8.5 (Accrued Benefits), Mr Goodyear will not be entitled to any compensation in this circumstance). 

  

	8.5	Accrued benefits 

  
 If Mr Goodyear’s employment is terminated for any reason, BHP Billiton will pay to Mr Goodyear all remuneration and benefits payable up to and
including the date of termination and any amount due for accrued holiday pay and pro rata holiday pay for an incomplete year. 
  
 BHP Billiton must also pay to Mr Goodyear any other amount to which he is entitled (including expenses under clause 4.6) up to and including the date of
termination, including any accrued entitlement he may then have under the rules of any BHP Billiton Retirement Savings Plan in which he participates. 
  

	8.6	Return to USA 

  

	 	(a)	Reimbursement for certain expenses 

  
 BHP Billiton must reimburse Mr Goodyear for: 
  

	 	(i)	the cost of his and his spouse’s and dependent children’s airfares; and 

  

	 	(ii)	reasonable expenses incurred in transporting his and his spouse’s and dependent children’s belongings, 

  
 to the United States of America in connection with their permanent
relocation to the United States of America following termination of his employment, provided 
  

 11. 

  
 that the invoices or receipts for such airfares and expenses are provided to BHP Billiton within 12 months after termination of Mr Goodyear’s employment. 
  

	 	(b)	Gross-up 

  
 If any tax or duty is payable by Mr Goodyear in respect of a reimbursement under paragraph (a), BHP Billiton must pay (in addition to the amount
reimbursed under paragraph (a)) an amount sufficient to ensure that after Mr Goodyear pays that tax or duty, Mr Goodyear retains the benefit of a net sum equal to the amount otherwise payable under paragraph (a). 
  

	8.7	Complete statement of entitlements 

  
 To avoid any misunderstanding, Mr Goodyear acknowledges and agrees that the entitlements set out in this deed are intended to be an exhaustive statement
of his entitlements in each circumstance of termination, except for any rights which he has or may have under the rules of the Group Incentive Scheme or any BHP Billiton Retirement Savings Plan in which he participates (or any other plans in which
he is participating at the time of termination) as they apply to him at the time of termination. 
  

	8.8	Resignation from offices consequent upon termination 

  

	 	(a)	Mr Goodyear acknowledges and agrees that under the constitution of Limited and the articles of association of PLC, if Mr Goodyear ceases to be employed by Limited or PLC, his
offices as director of Limited and PLC are terminated. 

  

	 	(b)	Upon termination of his employment, Mr Goodyear must immediately and without claim for any compensation, resign from office as a director of all other members of the BHP Billiton
Group and of any other entity to which he has been nominated or appointed by Limited or PLC. 

  

	8.9	Re-delivery of property and documents 

  
 Immediately upon Mr Goodyear’s employment being terminated, Mr Goodyear must deliver to BHP Billiton: 
  

 12. 

  

	 	(a)	all property belonging to any member of the BHP Billiton Group that Mr Goodyear has in his possession, custody or control (for example, cards, keys, equipment, computers, faxes,
telephones); and 

  

	 	(b)	anything on which Confidential Information is recorded (including documents, tapes, computer disks and computer records) that Mr Goodyear has in his possession, custody or control
(including all copies). 

  

	8.10	Post-employment restraint 

  

	 	(a)	For the purpose of this clause: 

  

	 	(i)	a “Restricted Employee” is an employee of a member of the BHP Billiton Group: 

  

	 	(A)	whose responsibilities include reporting directly to the Chief Executive Officer of BHP Billiton (“CEO Direct Report”); or 

  

	 	(B)	whose responsibilities include reporting directly to any CEO Direct Report; or 

  

	 	(C)	who, as at the date of termination of Mr Goodyear’s employment or in the 12 months preceding that date, occupies or occupied a CEO Role within BHP Billiton or is or was a Level
1 or Level 2 Successor to a CEO Role. 

  

	 	(ii)	an employee occupies a CEO Role within BHP Billiton if the Group Vice-President Human Resources (or his or her delegate) notifies Mr Goodyear that the employee occupies a CEO Role;

  

	 	(iii)	an employee is a Level 1 or Level 2 Successor to a CEO Role if the employee is included in a succession planning chart maintained by the Group Vice-President Human Resources (or his
or her delegate) as such a person and Mr Goodyear is notified of that fact. 

  

	 	(b)	Mr Goodyear must not represent himself or hold himself out as being connected with or involved in any business of the BHP Billiton Group (or any member of it)

  

 13. 

  
 after his employment is terminated and, (subject to paragraph (d) below) for a period of 6 months after his employment is terminated, he must not: 
  

	 	(i)	be concerned or interested, directly or indirectly, in any business which is similar to or competitive with any material business of the BHP Billiton Group (including as an officer,
employee, contractor or adviser); or 

  

	 	(ii)	seek to engage or engage the services of any Restricted Employee. 

  

	 	(c)	The restraint in paragraph (b) does not prohibit Mr Goodyear investing in: 

  

	 	(i)	securities of a corporation which does not carry on business similar to or in competition with any member of the BHP Billiton Group; or 

  

	 	(ii)	up to 5% of the securities of any corporation if those securities are quoted on a stock exchange; or 

  

	 	(iii)	an investment fund provided that neither the fund nor its investment manager (if any) is a Controlled Entity of Mr Goodyear and none of Mr Goodyear and his Associates participates
in decision-making by the fund, or has the right to direct the fund to acquire or dispose of particular securities. 

  

	8.11	Payments subject to law 

  
 BHP Billiton must take all reasonable steps and do all reasonable things to obtain any consent or approval necessary to authorise the making of the
payments under this clause 8 without contravening any applicable law or any listing rule that applies to Limited or PLC from time to time. Nothing in this deed requires Limited, PLC or Mr Goodyear to breach any such applicable law or listing rule.

  

	9.	NOTICES 

  

	 	(a)	A notice, consent or other communication under this deed is only effective if it is in writing, signed and either left at the addressee’s address or sent to the addressee by
mail or fax. If it is sent by mail within Australia, it is taken to have been received 3 business days after it is posted. If it is sent by mail outside of Australia, it is taken to have been received 10 business days after it is posted. If it is
sent by 

  

 14. 

  
 fax, it is taken to have been received when the addressee actually receives it in full and in legible form. 
  

	 	(b)	A person’s address and fax number are those set out below, or as the person notifies the sender: 

  
 BHP Billiton Limited 
 Address: 600 Bourke Street, Melbourne, Victoria, 3000, Australia 
 Fax number: 61 3 9609 3289 
 Attention: Company Secretary 
  
 BHP Billiton PLC 
 Address: 600 Bourke
Street, Melbourne, Victoria, 3000, Australia 
 Fax number: 61 3 9609 3289 
 Attention: Company Secretary 
  
 Mr Goodyear 
 Address: c/- BHP Billiton
Group, 600 Bourke Street Melbourne, Victoria, 3000, 
 Australia 
 Fax number: 61 3 9609 3347 
  

	 	(c)	For the purpose of this deed, a notice, consent or other communication given under this deed by or to Limited or PLC to or by (as the case may be) Mr Goodyear is to be taken also to
have been given by or to the other of Limited or PLC. 

  

	10.	GENERAL 

  

	10.1	Governing law 

  

	 	(a)	This deed is governed by the law in force in the State of Victoria, Australia. 

  

	 	(b)	Each party submits to the non-exclusive jurisdiction of the courts exercising jurisdiction in the State of Victoria, and any court that may hear appeals from any of those courts,
for any proceedings in connection with this deed, and waives any right it might have to claim that those courts are an inconvenient forum. 

  

 15. 

  

	10.2	Severability 

  
 Any provision of this deed which is unenforceable or partly unenforceable is, where possible, to be severed to the extent necessary to make this deed
enforceable, unless this would materially change the intended effect of this deed. 
  

 16. 

  

	 EXECUTED as a deed
	 	 	 	 
			
	 EXECUTED by BHP BILLITON
 LIMITED:
	 	 	 	 
			
	 /s/    DON R. ARGUS

	 	 	 	 /s/    KAREN J. WOOD

	 Signature of director
	 	 	 	Signature of secretary
			
	 DON R. ARGUS

	 	 	 	 KAREN J. WOOD

	 Name
	 	 	 	Name
			
	 EXECUTED by BHP BILLITON PLC:
	 	 	 	 
			
	 /s/    JOHN G.S. BUCHANAN

	 	 	 	 /s/    ELIZABETH A. HOBLEY

	 Signature of director
	 	 	 	Signature of deputy secretary
			
	 JOHN G.S. BUCHANAN

	 	 	 	 ELIZABETH A. HOBLEY

	 Name
	 	 	 	Name
			
	 SIGNED, SEALED AND DELIVERED by

 CHARLES W. GOODYEAR in the
 presence of:
	 	 	 	 /s/    CHARLES W. GOODYEAR

	 	 	 	 	Signature of party
			
	 /s/    KAREN J. WOOD

	 	 	 	 
	 Signature of witness
	 	 	 	 
			
	 KAREN J. WOOD

	 	 	 	 
	 Name
	 	 	 	 

  

 17.BHP Billiton Plc and Miklos Salamon Service Agreement

 Exhibit 4.15 
  
 Dated: 1 September 2003 
  
 BHP Billiton Plc 
  
 And 
  
 Miklos Salamon 
  
 SERVICE AGREEMENT 

 This Agreement is made on 1 September 2003 between: 
  

	 	(1)	BHP Billiton Plc whose registered office is at Neathouse Place, London, SW1V 1BH (the “Company”); and 

  

	 	(2)	Miklos Salamon (the “Executive”). 

  
 This agreement records the terms on which the Executive will serve the Company. 
  

	1.	Interpretation 

  
 In this agreement (and any schedules to it): 
  
 “Board” means the board of directors of the Company from time to time or any person or committee nominated by the board of directors as
its representative for the purposes of this agreement; 
  
 “Employment” means the employment governed by this agreement; 
  
 “Group” means the Company, its ultimate holding company for the time being, the associated companies (as defined in section 435 of the United Kingdom Insolvency Act 1986) of the Company and its
Affiliates for the time being; 
  
 “Group
Company” means a member of the Group and “Group Companies” will be interpreted accordingly; 
  
 “Affiliate” means a body corporate which controls, is controlled by or is controlled by an entity which controls the Company and is
deemed to also mean: 
  

	 	(a)	BHP Billiton Limited, 

  

	 	(b)	any body corporate controlled by BHP Billiton Limited, 

  

	 	(c)	any body corporate jointly controlled by BHP Billiton Limited and BHP Billiton Plc taking into account the aggregate percentage interests of their respective direct and indirect
shareholdings in that body corporate; and 

  

	 	(d)	any body corporate controlled by the body corporate referred to in paragraph (c). 

  
 For the purposes of paragraphs (b) to (d) above, one body corporate controls another when at the relevant time it owns
either directly or indirectly not less than 50% of the shares entitled to vote at general meetings of that other body corporate. 
  
 “Jersey Contract” means the other employment agreement agreed between the Executive and another Group Company; and 
  
 “Termination Date” means the date on which the Employment
is terminated. 
  

	 	1.1	References to any statutory provisions include any modifications or re-enactments of those provisions. 

	2.	Term of Employment 

  

	 	2.1	The Executive’s Employment under this Agreement will commence on 1st July 2003. (the “Commencement Date”). The Executive’s continuous employment commenced
on 1 April 1985. 

  

	 	2.2	The Employment will continue, subject to clauses 2.4 and 12, until terminated in accordance with clause 2.3. 

  

	 	2.3	The Employment may be terminated by either party giving 12 months written notice. 

  

	 	2.4	Notwithstanding the other provisions of this agreement the Employment will automatically terminate on the Executive’s 60th birthday. 

  

	 	2.5	The Company may at its sole and absolute discretion pay salary at the rate paid from time to time under clause 6.1 at a rate equal to 150% of the rate paid from time to time under
clause 6.1 or such higher percentage as the Board may agree to reflect the Executive’s contractual entitlements in lieu of any required period of notice (less any deductions the Company is required by law to make). The Executive’s pension
benefits will then vest as described in clause 12.6. Nothing in this clause will require the Executive to accept payment in complete discharge of his entitlements or prevent him from claiming further payments under this clause 2.5.

  

	3.	Duties of the Executive 

  

	 	3.1	The Executive will serve as an Executive Director of the Company with responsibility for such operations as the Board may determine from time to time. 

  

	 	3.2	The Executive will work such hours which may be reasonably necessary to perform his duties under this agreement to the satisfaction of the Board. 

  

	 	3.3	The Executive will: 

  

	 	3.3.1	devote sufficient time, attention and skill to the Employment to properly perform his duties and exercise his powers; 

  

	 	3.3.2	accept any offices or directorships and resign such offices or directorships as reasonably required by the Board under this Agreement; 

  

	 	3.3.3	obey the reasonable directions of the Board; and 

  

	 	3.3.4	use his best endeavours to promote the interests and reputation of the Company. 

  

	 	3.4	The Executive accepts that with his consent (which he will not unreasonably withhold or delay) the Company may require him to perform additional duties for any other Group Company.
In performing those duties clause 3.3 will apply as if references to the Company are to the Group Company. The Company will remain responsible for the payments and benefits he is entitled to receive under this Agreement. 

  

	 	3.5	The Executive will keep the Board properly informed of his conduct of the business, finances or affairs of the Company or any other Group Company in a prompt and timely manner. He
will provide information to the Board in writing if requested. 

	 	3.6	At any time during the Employment the Company may require the Executive to undergo a medical examination by his own medical practitioner. The Executive will on receipt of the
results discuss with the Company any matters arising out of the examination which are relevant to the Employment or which might prevent the Executive properly performing the duties of the Employment. 

  

	4.	Interests of the Executive 

  

	 	4.1	The Executive will disclose promptly in writing to the Board any material interests which could give rise to a conflict of interest with the Group Companies (for example, material
shareholdings, directorships or trusteeships) whether or not of a commercial or business nature. 

  

	 	4.2	Subject to clause 4.3, during the Employment the Executive will not be directly or indirectly engaged or concerned in the conduct of any activity which is similar to or competes
with any activity carried on by any Group Company (except as a representative of the Company or with the written consent of the Board). 

  

	 	4.3	Other than holdings in family owned businesses or companies which do not compete with the Company the Executive may not hold or be interested in investments which amount to more
than five per cent of the issued investments of any class of any one company without the consent of the Board such consent not to be unreasonably withheld. In this clause a family owned business or company is one which is owned by the Executive, his
spouse, their children, the parents of the Executive or his spouse or a trust of which the Executive or his immediate family is either a settlor or has a beneficial interest. 

  

	 	4.4	The Executive will (and will procure that his wife and dependent children) comply with Part V of the Criminal Justice Act 1993 and with the London Stock Exchange Limited’s
Model Code for Securities Transactions by Directors of Listed Companies and rules or policies issued by the Company from time to time in relation to the holding or trading of securities. 

  

	5.	Location 

  

	 	5.1	The Executive will work at the principal office of the company in Central London or elsewhere in the United Kingdom by agreement. The Executive agrees that he may be required to
travel in the United Kingdom and abroad and work away from the principal office in order to properly perform his duties under this Agreement. 

  

	6.	Salary and Benefits 

  

	 	6.1	The Company and the Executive agree that the only salary and benefits payable to the Executive in consideration for the performance of his obligations under this Agreement shall be
the benefits expressly set out in this clause 6. To the extent that the Company is required by law to make any payment or provide any benefit to the Executive, notwithstanding the terms of the previous sentence, the Company and the Executive agree
that such payment or provision of benefit shall be made by BHP Billiton Services Jersey Limited as agent for the Company. 

  

	 	6.2	The salary referred to in clause 6.1 includes director’s fees from the Group Companies and any other companies in which the Executive is required to accept a directorship under
the terms of this Employment. To achieve this: 

	 	6.2.1	the Executive will repay any fees he receives to the Company; or 

  

	 	6.2.2	his salary will be reduced by the amount of those fees; or 

  

	 	6.2.3	a combination of the methods set out in clauses 6.2.1 and 6.2.2 will be applied. 

  

	 	6.3	The Executive will be provided with pension and life assurance benefits on the basis set out in a letter from Billiton Plc dated 24th August 2000. 

  

	7.	Expenses 

  

	 	7.1	The Company will refund to the Executive all reasonable expenses properly incurred by him in performing his duties under this agreement. This will include expenses relating to
entertainment, subsistence and travelling. The Company may require the Executive to produce receipts or other documents as proof that he has incurred any expenses he claims. 

  

	8.	Confidentiality 

  

	 	8.1	Without prejudice to the common law duties which he owes to the Company the Executive agrees that he will not, except in the proper performance of his duties, use or disclose to any
person any of the Company’s trade secrets or confidential information. This restriction will continue to apply after the termination of the Employment without limit in time but will not apply to trade secrets or confidential information which
become public other than through unauthorised disclosure by the Executive. The Executive will during his employment use his best endeavours to prevent the unauthorised use or disclosure of such information. 

  

	 	8.2	In the course of the Employment the Executive is likely to obtain trade secrets and confidential information belonging or relating to other Group Companies and other persons. He
will treat such information as if it falls within the terms of clause 8.1 and clause 8.1 will apply with any necessary amendments to such information. If requested to do so by the Company the Executive will enter into an agreement with other Group
Companies and any other persons in the same terms as clause 8.1 with any amendments necessary to give effect to this provision. 

  

	9.	Restrictions after Termination of Employment 

  

	 	9.1	In this clause: 

  
 “Restricted Period” means (1) in respect of clause 9.2.1 the period of 6 months and (2) in respect of clauses 9.2.2, 9.2.3 and 9.2.4 the period
of 12 months (less in either case any Garden Leave Period imposed by the Company under clause 11) commencing on the Termination Date. 
  

	 	9.2	The Executive may be able to obtain trade secrets and confidential information and personal knowledge of and influence over customers and employees of the Group during the course of
the Employment. To protect these interests of the Company, the Executive agrees with the Company that he will be bound by the following covenants: 

  

	 	9.2.1	 During the Restricted Period he will not be employed in, or carry on for his own account or for any other person, whether directly or indirectly, (or be a director
in any 

	 	 
company engaged in) any business which is or is about to be in competition with any business of the Company or any other Group Company being carried on by
such company at the Termination Date provided he was directly and personally concerned or connected with that business at any time during the last 12 months of his service with the Company. 

	 	9.2.2	During the Restricted Period he will not (either on his own behalf or for or with any other person, whether directly or indirectly), and will use reasonable endeavours to procure
that his new employer does not canvass or solicit in competition with the company or any other Group Company the custom of any person who at any time during the last 12 months of his service with the company was a customer of, or in the habit of
dealing with, the Company or (as the case may be) any other Group Company and in respect of which the Executive had access to confidential information or with whose custom or business the Executive was directly and personally concerned.

  

	 	9.2.3	During the Restricted Period he will not (either on his own behalf or for or with any other person, whether directly or indirectly), deal with or otherwise accept in competition
with the Company or any Group Company the custom of any person who was at any time during the last 12 months of his service with the Company a customer of, or in the habit of dealing with, the Company or (as the case may be) any Group Company and in
respect of which the Executive had access to confidential information or with whose custom or business the Executive was directly and personally concerned. 

  

	 	9.2.4	During the Restricted Period he will not (either on his own behalf or for or with any other person, whether directly or indirectly), and will use reasonable endeavours to procure
that his new employer does not entice or try to entice away from the Company or any other Group Company any person who was an employee, director or officer of such a company in the United Kingdom at any time during his last 6 months of service with
the Company and with whom he had worked closely at any time during that period. 

  
 For the purpose of clause 9.2 “directly and personally” means that the Executive has been involved in the day to day operation of the relevant company or in a particular transaction involving such company
during the last twelve months of his service with the Company. 
  

	 	9.3	Each of the paragraphs contained in clause 9.2 constitutes an entirely separate and independent covenant. If any covenant is found to be invalid this will not affect the validity or
enforceability of any of the other covenants. 

  

	 	9.4	Following the Termination Date, the Executive will not represent himself as being in any way connected with the businesses of the Company or of any other Group Company (except to
the extent agreed by such a company). 

  

	 	9.5	Any benefit given or deemed to be given by the Executive to any Group Company under the terms of clause 9 is received and held on trust by the Company for the relevant Group
Company. The Executive will enter into appropriate restrictive covenants directly with other Group Companies if asked to do so by the Company. 

  

	10.	Offers on Liquidation 

  

	 	10.1	 The Executive will have no claim against the Company if the Employment is terminated by reason of liquidation in order to reconstruct or amalgamate the Company or
by reason of any reorganisation of the Company; and 

	 	10.2	the Executive is offered employment with the company succeeding to the Company upon such liquidation or reorganisation; and 

  

	 	10.3	the new terms of employment offered to the Executive are no less favourable to him than the terms of this agreement. 

  

	11.	Garden Leave 

  

	 	11.1	At any time after notice to terminate the Employment is given by either party under clause 2 above, or if the Executive resigns without giving due notice and the Company does not
accept his resignation, the Company may require the Executive to comply with any or all of the provisions in clause 11.2 and 11.3 for a maximum period of 6 months if the Executive gives notice or resigns without due notice or 3 months if the Company
gives notice (the “Garden Leave Period”). 

  

	 	11.2	The Company may require that the Executive does not: 

  

	 	11.2.1	enter or attend the premises of the Company or any other Group Company; or 

  

	 	11.2.2	contact or have any communication with any customer or client of the Company or any Group Company in relation to the business of the Company or any Group Company; or

  

	 	11.2.3	contact or have any communication with any employee, officer, director, agent or consultant of the Company or any Group Company in relation to the business of the Company or any
Group Company; or 

  

	 	11.2.4	remain or become involved in any aspect of the business of the Company or any Group Company except as reasonably required by such companies. 

  

	 	11.3	The Company may require the Executive to comply with the provisions of clause 13 – Return of Company Property at any point during the Garden Leave Period.

  

	 	11.4	During the Garden Leave Period, the Executive will be entitled to receive his salary and all contractual benefits in accordance with the terms of this agreement.

  

	12.	Termination and Suspension 

  

	 	12.1	The Company may terminate the Employment immediately by written notice if the Executive does not perform the duties of the Employment for a period of 365 days (whether or not
consecutive) in any period of 730 days because of sickness, injury or other incapacity. This notice can be given whilst the Executive continues not to perform his duties or on expiry of the 365 day period. In this clause, ‘days’ includes
Saturdays, Sundays and public holidays. 

  
 However
the Employment will be continued to the extent necessary in order to provide continued cover under any permanent health insurance arrangement provided by the Company. The Executive acknowledges that in these circumstances his only rights will be to
benefits provided under the permanent health insurance arrangements. 
  

	 	12.2	The Company may terminate the Employment immediately by written notice if the Executive: 

	 	12.2.1	commits any serious or persistent breach of his obligations under this agreement; or 

  

	 	12.2.2	does not comply with any lawful and reasonable order or direction given to him by the Board with which if remediable the Executive does not comply within seven days of being
requested to do so; or 

  

	 	12.2.3	is guilty of any gross misconduct or gross negligence or conducts himself (whether in connection with the Employment or not) in a way which is materially harmful to any Group
Company; or 

  

	 	12.2.4	is guilty of dishonesty or is convicted of an offence (other than a motoring offence which does not result in imprisonment) whether in connection with the Employment or not which
affects the performance of his duties; or 

  

	 	12.2.5	becomes of unsound mind, is bankrupted or has a receiving order made against him or makes any general composition with his creditors or takes advantage or any statute affording
relief for insolvent debtors; or 

  

	 	12.2.6	becomes disqualified from being a director of a company or the Executive’s directorship of the Company terminates without the consent or concurrence of the Company.

  

	 	12.3	The Executive will have no claim for damages or any other remedy against the Company if the Employment is terminated for any of the reasons set out in clause 12.2.

  

	 	12.4	The Company may suspend the Executive from the Employment on full salary and benefits at any time for a reasonable period to investigate any matter in which the Executive is
implicated or involved (whether directly or indirectly). 

  

	 	12.5	If the Employment terminates the Company may deduct from any money due to the Executive (including remuneration) any amount which he owes to any Group Company.

  

	 	12.6	If the Executive’s Employment is terminated by the Company other than in accordance with Clauses 2.3, 2.5 or 12.2 the Executive may within 7 days of the termination elect to
receive a payment equal to 150% of his basic salary at the date of termination for the outstanding period of notice less such taxes as the Company is obliged to deduct. 

  
 The Executive will remain entitled to such pension benefits as have accrued to him under the Group’s Pension
Arrangements and if termination takes place when benefits are not fully vested they will vest in full immediately. 
  
 If the Executive does not elect to receive the payment referred to in this Clause 12.6 the Company will not argue that this is a failure to mitigate any
loss he has suffered. 
  

	13.	Return of Company Property 

  

	 	13.1	At any time during the Employment (at the request of the Company) or when the Employment terminates (or if the Executive commences Garden Leave as set out in clause 11) the
Executive will immediately return to the Company: 

	 	13.1.1	all documents and other materials (whether originals or copies) made or compiled by or delivered to the Executive during the Employment and concerning all the Group Companies. The
Executive will not retain any copies of any materials or other information except where otherwise agreed in writing; and 

  

	 	13.1.2	all other property belonging or relating to any of the Group Companies which is in the possession or under the control of the Executive. 

  

	14.	Directorships  

  

	 	14.1	The Executive’s office as a director of the Company or any other Group Company is subject to the Articles of Association of the relevant company (as amended from time to time).
If the provisions of this agreement conflict with the provisions of the Articles of Association, the Articles of Association will prevail. 

  

	 	14.2	The Executive hereby irrevocably appoints the Company to be his attorney to execute any instrument and do anything in his name and on his behalf to effect his resignation if he has
failed to resign in accordance with clause 3.4.2. A certificate in writing signed by any director or the secretary of the Company that any instrument or act falls within the authority conferred by this clause 14.2 will conclusive evidence that such
is the case. 

  

	 	14.3	During the Employment the Executive will not do anything which could cause him to be disqualified from continuing to act as a director of any Group Company.

  

	 	14.4	The Executive must not resign his office as a director of any Group Company of which he is a director under this Agreement without the agreement of the Company.

  

	15.	Notices 

  
 Any notices given under this agreement must be given by letter or fax. Notice to the Company must be addressed to its registered office at the time the
notice is given. Notice to the Executive must be given to him personally or sent to his last known address. 
  
 Except for notices given by hand, notices will be deemed to have been given at the time at which the letter or fax would be delivered in the ordinary
course of post or transmission. 
  

	16.	Statutory Particulars 

  
 This agreement and the attached schedule contain the written particulars of employment which the Executive is entitled to receive under the provisions of
Part I of the Employment Rights Act 1996. 
  

	17.	Miscellaneous 

  

	 	17.1	This agreement may only be modified by the written agreement of the parties. 

  

	 	17.2	The Executive cannot assign this agreement to anyone else. 

  

	 	17.3	References in this agreement to rules, regulations, policies, handbooks or other similar documents which supplement it, are referred to in it or describe any pensions or other
benefits arrangement are references to the versions or forms of the relevant documents as amended or updated from time to time. 

	 	17.4	Except where otherwise agreed in writing this agreement supersedes any previous written or oral agreement between the parties in relation to the matters dealt with in it. It
contains the whole agreement between the parties relating to the Employment at the date the agreement was entered into (except for those terms implied by law which cannot be excluded by the agreement of the parties). The Executive acknowledges that
he has not been induced to enter into this agreement by any representation, warranty or undertaking not expressly incorporated into it. The Executive agrees and acknowledges that his only rights and remedies in relation to any representation,
warranty or undertaking made or given in connection with this agreement (unless such representation, warranty or undertaking was made fraudulently) will be for breach of the terms of this agreement, to the exclusion of all other rights and remedies
(including those in tort or arising under statute). 

  

	 	17.5	Neither party’s rights or powers under this agreement will be affected if: 

  

	 	17.5.1	one party delays in enforcing any provision of this agreement; or 

  

	 	17.5.2	one party grants time to the other party. 

  

	 	17.6	If either party agrees to waive his rights under a provision of this agreement, that waiver will only be effective if it is in writing and it is signed by him. A party’s
agreement to waive any breach of any term or condition of this agreement will not be regarded as a waiver of any subsequent breach of the same term or condition or a different term or condition. 

  

	 	17.7	This agreement is governed by and will be interpreted in accordance with the laws of England and Wales. Each of the parties submits to the jurisdiction of the English Courts as
regards any claim or matter arising under this agreement. 

 EXECUTED as a DEED on behalf of 
 BHP Billiton Plc 
  
 Director 
 /s/    CHARLES
W. GOODYEAR 
  
 Company Secretary 
 /s/    KAREN J. WOOD 
  
 SIGNED as a DEED by 
 Miklos Salamon

 /s/    MIKLOS SALAMON 
 in the presence of: 
  

	 	Name	Vivien Cook 

  

	 	Signature	/s/    VIVIEN COOK 

  

	 	Address	3,4 South Eaton Place, SW1W 97A, UK 

  

	 	Occupation	Group Executive Development Manager 

 SCHEDULE 
  

	1.	Pensions 

  
 There is no contracting-out certificate in force in relation to the Executive’s Employment. 
  

	2.	Disciplinary Rules and Disciplinary and Grievance Procedures 

  
 There are no formal disciplinary or grievance procedures relating to the Executive’s Employment. 
  

	3.	Hours of Work 

  
 Although the Company’s normal hours of work are 8.30am to 5.00pm Monday to Friday, the Executive is expected to work such reasonable hours as are necessary for the proper performance of his duties. 
  

	4.	Other Terms 

  
 There are no terms and conditions relating to collective agreements or to the requirement to work outside the United Kingdom.

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