Common use of Personal Performance Clause in Contracts

Personal Performance. Executive’s performance and discharge of Executive’s duties and responsibilities hereunder shall be the subject of regular review, the object of which is to assess performance during the period under review and to set agreed performance standards for future review periods. The rules of the Deferral Plan and the Group’s other equity and long term incentive plans contain clawback provisions that allow the Group to reduce deferred compensation awards in whole or in part (in its reasonable judgment) if (broadly stated) performance based rewards later prove not to be justified in the longer term. These clawback provisions will continue to apply to any deferred compensation awards made to Executive such that the Group may reclaim any unvested part of Executive’s deferred compensation in the light of the performance of the Group, the Company, any member of the Group and any business area or team, and also based on Executive’s conduct, capability or performance, although it is agreed that for any awards made after the public listing of at least 30% of the Company’s shares, and for the portion of prior awards relating to the period post such public listing, it is the performance of the Company rather than the Group that will be the main factor influencing the operation of generally applied clawback.