Group Performance. Share Award: Eligible for awards under the Group Performance Share Plan, current maximum award for 2013 prior to implementation of CRD IV will be six times fixed pay. Pension: Executive allowance of 50% of annual fixed pay (equal to GBP350,000) Benefits: Standard benefits. Car allowance (GBP9,000p.a.) will cease with effect from 1 January 2014. We will arrange for a new service contract to be prepared reflecting these amended terms of employment which will include standard provisions relating to your position as a Director of HSBC Holdings plc. Yours sincerely, /s/ Ben X.X. Xxxxxxx Xxx X.X. Xxxxxxx Group Company Secretary HSBC Holdings plc Xxxxx 00, 0 Xxxxxx Xxxxxx, Xxxxxx X00 5HQ Tel: 000-0000 0000 Registered in England number 617987. Registered Office: 0 Xxxxxx Xxxxxx, Xxxxxx X00 0XX.
Group Performance. Upon signing of this contract, both you and XYZXYZ Hotel will have entered into a binding commitment. XYZXYZ Hotel is committed to provide and you are committed to use and pay for the contracted accommodations and services set forth in this agreement. XYZXYZ Hotel has offered the favorable sleeping room rates and other concessions in this contract based upon the total anticipated revenues for your event. "Anticipated Revenue" includes revenue from the total sleeping room nights reserved, organized group food and beverage events, and any ancillary revenues which the hotel expects to receive from your attendees, such as telephone tolls, in-room movies, room service, outlet usage and similar charges. Should you not utilize and pay for all of the commitments of this contract, whether due to reduction in size of your meeting, drop in attendance, change in food and beverage events or cancellation of the entire contract, you agree that the hotel will suffer damages. Such damages will occur because XYZXYZ Hotel will have lost the opportunity to offer your unused facilities to others either individually or as part of another block and will incur additional costs in attempting to resell inventory that was already sold. The exact amount of such damages will be difficult to determine. Therefore, the parties agree that the following liquidated damage clauses are a reasonable effort by the parties to agree in advance on the amounts that will be paid by you in the event of either lack of performance or cancellation.
Group Performance. 6.10. Counterparts................................................ 6.11. Gender ................................................... 6.12.
Group Performance. Each of the parties hereto shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth herein or in the Ancillary Agreements to be performed by a member of its Group.
