1998 Uses in Compensation; Working Time Clause

Compensation; Working Time

Your employment shall commence on a date mutually agreed between you and the Company (currently anticipated to be August 27, 2013). No other previous employment will count as part of your continuous period of employment with the Company.

Compensation; Working Time. Your initial base salary will be one hundred fifty thousand pounds (PS150.000,00) per annum, less standard payroll deductions and withholdings. Your salary will accrue daily and you will be paid monthly in arrears in accordance with Company practice and policy directly into your bank or building society. You will be expected to work the Companys normal business hours (Monday to Friday, 9am to 6pm with one hour for lunch) and such additional time as may be required by the nature of your work assignments. You will not be eligible for overtime compensation. You agree that for the purposes of the Working Time Regulations 1998 (and any amendment or re-enactment thereof) any legislative provisions imposing a maximum number of average weekly working hours shall not apply to your employment. You may withdraw your consent by giving the Company not less than three (3) months notice in writing. In addition, you will be eligible to earn a target commission of one hundred fifty thousand pounds (PS150.000,00) annually based on the achievement of targets to be notified to you within 60 days of your Start Date. For exceptional performance, the potential commission will not be capped and it will be possible for you to earn in excess of that sum in the event that you exceed mutually agreed upon targets. As a condition precedent to earning and receiving your commission, you must remain an active employee with the Company through the date the commission otherwise is scheduled to be paid. If your employment has been terminated for any reason before such date or if you are working under notice, whether given by you or the Company, then you will not be entitled to any unpaid commission even where such commission has been notified to you. Your compensation package will be reviewed on an annual or more frequent basis by the Company, and is subject to change in the discretion of the Company. There is no obligation on the Company to increase your compensation package following a review. The Company will reimburse you for reasonable expenses incurred in the course of your business duties in accordance with Companys expense policy and upon submission of appropriate receipts. The Company may deduct from your salary, or any other sums owed to you, any money which you owe to the Company or any group company.

Compensation; Working Time

Your employment shall commence on a date mutually agreed between you and the Company (currently anticipated to be August 27, 2013). No other previous employment will count as part of your continuous period of employment with the Company.

Compensation; Working Time. Your initial base salary will be one hundred fifty thousand pounds (PS150.000,00) per annum, less standard payroll deductions and withholdings. Your salary will accrue daily and you will be paid monthly in arrears in accordance with Company practice and policy directly into your bank or building society. You will be expected to work the Companys normal business hours (Monday to Friday, 9am to 6pm with one hour for lunch) and such additional time as may be required by the nature of your work assignments. You will not be eligible for overtime compensation. You agree that for the purposes of the Working Time Regulations 1998 (and any amendment or re-enactment thereof) any legislative provisions imposing a maximum number of average weekly working hours shall not apply to your employment. You may withdraw your consent by giving the Company not less than three (3) months notice in writing. In addition, you will be eligible to earn a target commission of one hundred fifty thousand pounds (PS150.000,00) annually based on the achievement of targets to be notified to you within 60 days of your Start Date. For exceptional performance, the potential commission will not be capped and it will be possible for you to earn in excess of that sum in the event that you exceed mutually agreed upon targets. As a condition precedent to earning and receiving your commission, you must remain an active employee with the Company through the date the commission otherwise is scheduled to be paid. If your employment has been terminated for any reason before such date or if you are working under notice, whether given by you or the Company, then you will not be entitled to any unpaid commission even where such commission has been notified to you. Your compensation package will be reviewed on an annual or more frequent basis by the Company, and is subject to change in the discretion of the Company. There is no obligation on the Company to increase your compensation package following a review. The Company will reimburse you for reasonable expenses incurred in the course of your business duties in accordance with Companys expense policy and upon submission of appropriate receipts. The Company may deduct from your salary, or any other sums owed to you, any money which you owe to the Company or any group company.