176923329 rifc ceo contract v1

8/13/2019 176923329 Rifc Ceo Contract v1

1/35

Date: 2013

Rangers International Football Club PLC

Company

CRAIG MATHER

Executive

Director's Service Agreement


2/35

Contents

No. Heading Page

1. Definitions and Interretation 1

(a) te !o""o#ing expressions ave te !o""o#ing meanings: 1

($) a re!erence to a statute or statutory provision inc"u%es a re!erence: 1

(i) to tat statute or provision as !rom time to time mo%i!ie% or re&

enacte%1

(ii) to any repea"e% statute or statutory provision #ic it re&enacts

(#it or #itout mo%i!ication) an%1

(iii) to any su$or%inate "egis"ation ma%e un%er te re"evant statute 1

(c) #or%s in te singu"ar sa"" inc"u%e te p"ura" an% vice versa 1

(%) #or%s %enoting te mascu"ine gen%er sa"" inc"u%e te !eminine gen%er an%

neuter 1

(e) #or%s %enoting persons on"y sa"" inc"u%e corporations 1

(!) re!erences to c"auses an% su$&c"auses are to c"auses an% su$&c"auses o! tis

Agreement 2

(g) te ea%ings to te c"auses are !or convenience on"y an% sa"" not a!!ect teconstruction or interpretation o! tis Agreement an% 2

() te #or%s inc"u%ing an% in particu"ar an% any simi"ar #or%s or expressions

are $y #ay o! i""ustration an% empasis on"y an% %o not operate to "imit te

genera"ity or extent o! any oter #or%s or expressions 2

!. Aoint"ent !

21 *e Company sa"" emp"oy te Executive an% te Executive agrees to act

as Cie! +peration +!!ice #it interim Cie! Executive responsi$i"ities o! te

Company (or suc oter appointment #itin te ,roup as te Company may !rom

time to time reasona$"y %irect) on an% su$-ect to te terms an% con%itions o! tis Agreement 2

22 *e Executive represents an% #arrants tat e is not $oun% $y or su$-ect to

any court or%er. agreement. arrangement or un%erta/ing #ic in any #ay restricts

or proi$its im !rom entering into tis Agreement or !rom per!orming is %uties

ereun%er 2

#. Resonsibilities !

31 *e Executive #i"" per!orm suc %uties $ot as an emp"oyee an% #ere

re"evant as an o!!ice o"%er as are associate% #it is position 2

A4 2011

i


3/35

32 *e Executive may reasona$"y $e re5uire% to per!orm #or/ !or any ,roup

Company. inc"u%ing %uties associate% #it %irectorsips o! suc companies *e

Executive #i"" per!orm suc #or/ #itout any !urter remuneration 2

33 *e Executive #i"": 2

(a) %evote te #o"e o! is time. attention an% s/i"" to is %uties 2

($) !ait!u""y an% %i"igent"y per!orm suc %uties an% exercise suc po#ers

consistent #it is position as may !rom time to time $e assigne% to or veste% in

im $y te 6oar% 2

(c) o$ey te reasona$"e an% "a#!u" %irections o! te 6oar% 2

(%) comp"y #it a"" te Company's artic"es o! association. ru"es. regu"ations.

po"icies an% proce%ures !rom time to time in !orce inc"u%ing any co%e on %ea"ing in

te Company's securities 2

(e) comp"y #it a"" app"ica$"e "a#s (inc"u%ing te "a#s o! Eng"an% an% 7a"es an%

te "a#s o! any state re"ating to anti&corruption or anti&money "aun%ering). te A8

u"es !or Companies an% te ru"es an% regu"ations o! any oter stoc/ excange on

#ic te Company's securities are a%mitte% to tra%ing 2

(!) maintain igest stan%ar%s o! integrity. accounta$i"ity. corporate governance

an% responsi$i"ity 2

(g) report any actua" or suspecte% #rong%oing on te part o! oter sta!! o! te

Company or any ,roup Company o! #ic e $ecomes a#are to te 6oar% 2

() /eep te 6oar% at a"" times prompt"y an% !u""y in!orme% (in #riting i! sore5ueste%) o! is con%uct o! te $usiness. !inances. a!!airs or management o! te

Company an% any ,roup Company an% provi%e suc exp"anations in connection

tere#it as te 6oar% may re5uire an% 3

(i) %o a"" in is po#er to promote. %eve"op an% exten% te Company 3

39 *e Company #i"" $e entit"e%. !rom time to time. to appoint any oter person

or persons to act -oint"y #it te Executive in per!orming or exercising is %uties or

po#ers 3

3 *e Executive sa"". at a"" times. a$i%e $y any an% a"" stan%ar% terms an%

con%itions issue% an%or stipu"ate% $y te Company in re"ation to its emp"oyees

genera""y 3

$. Duration of t%e e"lo&"ent #

91 *e Executive's emp"oyment pursuant to te terms o! tis Agreement #i""

commence on 29 Apri" 2013 an%. su$-ect to te terms o! tis Agreement. sa""

continue unti" terminate% $y: 3

(a) te Company giving te Executive 12 monts' prior notice in #riting or 3

($) te Executive giving to te Company 3 monts' prior notice in #riting 3

A4 2011

ii


4/35

92 *e Company may at its %iscretion pay te Executive in "ieu o! notice

(#icever party as given te notice) 3

93 7itout pre-u%ice to te genera"ity o! c"ause 91: 3

(a) te Company may #it te Executive's agreement #aive any perio% o! notice

given $y te Executive an% $ring tis Agreement to an en% on no or sorter notice

3

($) te Company may terminate te Executive's emp"oyment on 9 #ee/s' notice

in #riting i!. $y reason o! i""ness or in-ury or any oter cause. e cannot proper"y

per!orm is %uties !or a perio% excee%ing 13 #ee/s in any 12 mont perio% an% 3

(c) noting in tis Agreement sa"" "imit te Company's rigt to accept a

!un%amenta" $reac o! contract $y te Executive as en%ing te Executive's

emp"oyment or to terminate te Executive's emp"oyment summari"y i! te

Executive: 3

(i) commits any act o! gross miscon%uct (inc"u%ing con%uct ten%ing to

$ring imse"! or te Company or any ,roup Company into %isrepute)

or repeats or continues any $reac o! is o$"igations un%er tis

Agreement or 3

(ii) is convicte% o! an o!!ence un%er any present or !uture statutory

enactment or regu"ations re"ating to insi%er %ea"ings or corruption or 3

(iii) $ecomes $an/rupt or as an interim or%er ma%e against im

un%er te 6an/ruptcy Act 1;


5/35

!or re&e"ection at a genera" meeting o! te Company in accor%ance #it

te Artic"es o! Association o! te Company. e is not so re&e"ecte% or

9

(xi) is in te reasona$"e opinion o! te 6oar% incompetent in te

per!ormance o! is %uties or re!uses to accept any reasona$"e

canges to is executive responsi$i"ities. %uties or status !rom time to

time %etermine% $y te 6oar% provi%e% tat no re%uction in

emo"uments resu"ts !rom suc cange 9

99 *e Executive's continuous perio% o! emp"oyment #it te Company is 29

Apri" 2013 9

9 Any !or$earance or %e"ay $y te Company in exercising any rigt o!

termination un%er tis Agreement sa"" not constitute a #aiver o! suc rigt 9

'. Re(onstru(tion or a"alga"ation $

). Hours of *or+ $


6/35

>1 *e Executive's $asic sa"ary at te commencement o! te Executive's

emp"oyment pursuant to tis Agreement sa"" $e 300.000 per annum (inc"usive o!

any !ees %ue to te Executive as an o!!icer o! te Company or any ,roup

Company) pai% mont"y in arrears on or $e!ore te "ast %ay o! eac mont

>2 *e Company may. %epen%ing upon te Companys per!ormance an% your

overa"" per!ormance. pay you a $onus eac year *e payment or oter#ise o! a

$onus #i"" $e #o""y at te %iscretion o! te $oar% o! %irectors an% tere is no

contractua" entit"ement !or you to receive a $onus at any time 7ere a $onus is

pai%. te amount #i"" a"so $e #o""y at te %iscretion o! te $oar% o! %irectors

>3 *e Executive sa"" $e "ia$"e to pay an% te Company may %e%uct income

tax an% any simi"ar %e%uctions or contri$utions re5uire% $y app"ica$"e "a#s on

payments ma%e or $ene!its grante% un%er tis Agreement #ere appropriate

>9 *e Executive's sa"ary #i"" $e revie#e% annua""y $y te 6oar%. usua""y on 1

anuary o! eac year *ere is no contractua" entit"ement to an increase in sa"ary

. Dedu(tions fro" salar& '

(a) any amount re5uire% $y "a# to $e %e%ucte% inc"u%ing income tax an% any

simi"ar %e%uctions or contri$utions

($) any sum tat te Executive as previous"y agree% in #riting may $e %e%ucte%

(inc"u%ing $ut not "imite% to pension contri$utions)

(c) any sums o#ever arising #ic te Executive o#es to te Company

inc"u%ing: overpayments o! remuneration. sic/ pay an% expenses outstan%ing

"oans a%vances any !ines or oter payments incurre% $y te Executive an% pai% $y te Company te cost o! repairing any %amage or "oss to te Company's

property cause% $y te Executive an%

(%) any oter amount !or te time $eing %ue an% o#ing $y te Executive to te

Company

1/. Pri0ate "edi(al insuran(e )

11. %are otions )

1!. E2enses )

1#. Car allo*an(e )

1$. Mobile P%one34la(+berr& )

191 *e Company sa"" provi%e te Executive #it a mo$i"e %evise !or

$usiness nee%s an% it must $e returne% to te property in a goo% state o! repair on

te "ast %ay o! te Executive's emp"oyment

A4 2011

vii


9/35

(a) !ort#it noti!y te 6oar% o! a"" te re"evant circumstances an% o! any c"aim.

compromise. sett"ement or -u%gment ma%e or a#ar%e% in connection tere#it

an% >

($) i! te 6oar% so re5uires. re!un% to te Company suc sum as te 6oar% may

%etermine. not excee%ing te "esser o!: >

(i) te amount o! %amages recovere% $y im un%er suc

compromise. sett"ement or -u%gment an%>

(ii) te sums a%vance% to im in respect o! te perio% o! incapacity >

1-. Restri(tions on ot%er a(ti0ities b& t%e E2e(uti0e -

1>1 *e Executive must %evote te #o"e o! is time attention an% a$i"ities

%uring is ours o! #or/ !or te Company to is %uties !or te Company >

1>2 *e Executive must not %uring is emp"oyment #it te Company.inc"u%ing %uring any perio% o! suspension or #i"e on gar%en "eave. (except #it

te prior #ritten consent o! te 6oar%) $e concerne% or intereste% %irect"y or

in%irect"y in any $usiness competing or #ic may compete #it te $usiness o!

te Company or any ,roup Company (oter#ise tan $y te o"%ing o! not more

tan G o! te securities in any suc $usiness 5uote% on a recognise% Stoc/

Excange) or $e persona""y emp"oye% or engage% in any capacity #atsoever in or

in connection #it any $usiness oter tan te $usiness o! te Company >

1>3 *e Executive must not %uring is emp"oyment #it te Company.

inc"u%ing %uring any perio% o! suspension or #i"e on gar%en "eave. (except #it

te prior #ritten consent o! te 6oar%) $e"ong to or ave any !inancia" or oter

interest in any $usiness or organisation #ic gives rise or may give rise to a con!"ict o! interest *e Executive must noti!y te Company as soon as possi$"e i!

e $ecomes a#are tat suc a con!"ict exists or may exist or i! tere is any

potentia" !or suc a con!"ict o! interest arising >

1. Confidentialit& -

1;1 For te purposes o! tis c"ause Con!i%entia" 8n!ormation means: >

(a) in!ormation re"ating to te Company's or te ,roup's emp"oyees. c"ients or

customers an% te oter persons #it #om it or tey con%uct $usiness (inc"u%ing

names. a%%resses. te"epone. e&mai" or !ax num$ers or oter contact %etai"s) ;

($) in!ormation re"ating to te Company's or te ,roup's supp"iers. agents.

consu"tants an% %istri$utors (inc"u%ing names. a%%resses. te"epone. e&mai" or !ax

num$ers or oter contact %etai"s) ;

(c) in!ormation re"ating to te commercia" arrangements an%or tra%ing

arrangements an%or terms o! $usiness in !orce or un%er %iscussion as at te %ate

o! te termination o! te Executive's emp"oyment $et#een te Company or te

,roup an% its or teir emp"oyees. supp"iers. agents an% %istri$utors an% te

re5uirements o! suc persons in terms o! te Company's or te ,roup's $usiness

or services an% ;

A4 2011

viii


10/35

(%) in!ormation re"ating to te %eve"opment. mar/eting. sa"es !orecasts. !inancia"

in!ormation. resu"ts an% !orecasts (save to te extent tat tese are inc"u%e% in

pu$"ise% au%ite% accounts). strategy or %irection o! te Company's or te ,roup's

$usiness ;

(e) in!ormation re"ating to any proposa"s re"ating to te ac5uisition or %isposa" o!

te Company or $usiness or any part tereo! or to any propose% expansion or

contraction o! activities ;

(!) in!ormation re"ating to p"ayer trans!er negotiations. %etai"s o! emp"oyees an%

o!!icers an% o! te remuneration an% oter $ene!its pai% to tem ;

(g) in!ormation re"ating to researc activities. inventions. secret processes.

%esigns. !ormu"ae an% pro%uct "ines an% ;

() in!ormation re"ating to te persona" a!!airs o! %irectors (or teir !ami"ies) o! te

Company an%or ,roup Company ;

1;2 *e Executive #i"" not %uring te Executive's emp"oyment or at any time

a!ter te termination o! te Executive's emp"oyment: ;

(a) use !or is o#n $ene!it or te $ene!it o! any oter person or ;

($) %isc"ose to any person or ;

(c) troug any !ai"ure to exercise a"" %ue care an% %i"igence cause or permit any

unautorise% %isc"osure o!. ;

1;3 *e restrictions in su$&c"ause 212 sa"" not exten% to in!ormation #ic

as $ecome part o! te Executive's o#n s/i"" an% #ic may oter#ise $e "a#!u""y use% an% sa"" cease to app"y to in!ormation or /no#"e%ge #ic te Executive is

re5uire% to %isc"ose $y statute or $y any "egis"ative or -u%icia" or regu"atory or%er or

%ecree ($ut on"y to te minimum extent necessary to comp"y #it suc a

re5uirement. an% su$-ect to te Executive giving imme%iate #ritten notice to te

Company o! suc a re5uirement) or #ic is (oter#ise tan troug te

Executive's action) avai"a$"e to te pu$"ic genera""y ;

1;9 *e Executive sa"" not. save !or te purpose o! te Company's $usiness

an% on $ea"! o! te Company. ma/e or retain copies o! or extracts !rom

Con!i%entia" 8n!ormation in pysica" or e"ectronic !orm *e Executive must i!

re5ueste% $y te Company return to te Company or %e"ete or %estroy a"" copies o!

Con!i%entia" 8n!ormation in #atever !orm in te Executive's possession or un%er

te Executive's contro" 10

1; 8! %uring te Executive's emp"oyment e o$tains Con!i%entia" 8n!ormation

concerning te ,roup as #e"" as te Company. upon te re5uest o! any ,roup

Company te Executive #i"" enter into suc separate agreements or un%erta/ings

#it tat ,roup Company to te same e!!ect as te restrictions in tis c"ause 21 10

1;< 6reac o! tis %uty o! con!i%entia"ity #i"" constitute gross miscon%uct an%

may "ea% to te Executive's summary %ismissa" 10

!/. Garden lea0e 1/

A4 2011

ix


11/35

201 At any time %uring te Executive's emp"oyment or %uring any perio% o!

notice (#icever party as given te notice). provi%e% tat te Company

continues to pay te Executive's sa"ary an% to provi%e a"" $ene!its (or to pay a sum

in "ieu o! te va"ue o! suc $ene!its) to #ic te Executive is contractua""y entit"e%

unti" te termination o! te Executive's emp"oyment. te Company sa"" $e entit"e%

at its %iscretion: 10

(a) to re5uire te Executive not to carry out is %uties or responsi$i"ities un%er

tis Agreement %uring te remaining perio% o! is emp"oyment (or any part o! suc

perio%) an%or 10

($) to re5uire te Executive not to atten% is p"ace o! #or/ or any oter premises

o! te Company or any ,roup Company %uring te remaining perio% o! is

emp"oyment (or any part o! suc perio%) an%or 10

(c) to re5uire te Executive to return to te Company a"" %ocuments. computer

%is/s an% oter property (inc"u%ing summaries. extracts or copies) $e"onging to te

Company or any ,roup Company or to itsteir c"ients or customers an%or 10

(%) to re5uire te Executive to un%erta/e #or/ !rom is ome an%or to carry out

exceptiona" %uties or specia" pro-ects outsi%e te norma" scope o! is %uties an%

responsi$i"ities !or te Company or any ,roup Company an%or 10

(e) to appoint one or more persons to un%erta/e te Executive's %uties an%or

responsi$i"ities an%or to assume is position an%or 10

(!) to instruct te Executive not to communicate #it c"ients. customers. supp"iers.

investors. emp"oyees. agents or representatives o! te Company or any ,roup

Company 10

202 During te perio% re!erre% to in c"ause 221. te Executive #i"" continue to

$e emp"oye% un%er tis Agreement an% #i"" not $e emp"oye% $y or provi%e services

to any tir% party 10

203 *e Executive agrees tat te %uties o! con!i%entia"ity an% goo% !ait

continue to app"y %uring any perio% o! suspension or #i"e on gar%en "eave 10

!1. Restri(ti0e (o0enants 11

211 *e Executive sa"" not !or a perio% o! 12 monts a!ter termination o! tis

Agreement. #itout te prior consent in #riting o! te 6oar%. %irect"y or in%irect"y

an% #eter on is o#n account or !or or on $ea"! o! any oter person $e

emp"oye%. engage%. concerne% or intereste% #it any $usiness #ic is or is

inten%e% to $e simi"ar to or competitive #it te $usiness in Scot"an% o! te

Company or any ,roup Company #it #ic te Executive as $een materia""y

invo"ve% in te 12 monts prior to te termination o! tis Agreement 11


Agreement #itout te prior consent in #riting o! te 6oar% %irect"y or in%irect"y an%

#eter on is o#n account or !or or on $ea"! o! any oter person in connection

#it any $usiness #ic is or is inten%e% to $e simi"ar to or competitive #it te

$usiness o! te Company or any ,roup Company %ea" #it. so"icit. approac or

canvass a#ay !rom te Company or any ,roup Company any !irm. company orperson #o is an% #as customer. c"ient. supp"ier or sponsor o! te Company. any

A4 2011

x


12/35

,roup Company or angers Foot$a"" C"u$ %uring te "ast 12 monts prior to te

termination o! tis Agreement 11





$usiness o! te Company or any ,roup Company so"icit approac or canvass

a#ay !rom te Company or any ,roup Company any person #o is an% #as

emp"oye% $y te Company or any ,roup Company as an executive. %irector.

manager. senior sta!! mem$er or p"ayer (!or te avoi%ance o! %ou$t inc"u%ing yout

p"ayers) %uring te "ast 12 monts prior to te termination o! tis Agreement 11





$usiness o! te Company or any ,roup Company emp"oy or oter#ise engage any person #o is an% #as emp"oye% $y te Company or any ,roup Company as an

executive. %irector. manager. senior sta!! mem$er or p"ayer (!or te avoi%ance o!

%ou$t inc"u%ing yout p"ayers) %uring te "ast 12 monts prior to te termination o!

tis Agreement 11

21 *e perio%s o! restriction set out in te c"auses a$ove #ic app"y a!ter te

termination o! te Executive's emp"oyment sa"" $e re%uce% (counting $ac/#ar%s

!rom #at #ou"% oter#ise $e te en%s o! tose perio%s) $y te aggregate o! any

time in te Executive's notice perio% %uring #ic pursuant to c"ause 22 te

Company as re5uire% te Executive to remain a#ay !rom #or/ an%or impose%

any o! te oter re5uirements set out in tat c"ause 11

21< 8! te Executive is o!!ere% ne# emp"oyment. appointment or engagement.

$e!ore entering into any re"ate% contract te Executive #i"" $ring te terms o! tis

c"ause an% c"ause 21 to te attention o! te tir% party proposing %irect"y or

in%irect"y to emp"oy. appoint or engage te Executive 11

21= Hoting in tis Agreement sa"" prevent te Executive !rom carrying out

any activity #it te prior #ritten approva" o! te 6oar% or !rom o"%ing not more

tan G o! te securities in a $usiness 5uote% on a recognise% Stoc/ Excange 11

21> *e Executive ac/no#"e%ges an% agrees #it te Company tat te

%uration. extent an% app"ication o! tese restrictions is no greater tan is necessary!or te protection o! te investment. goo%#i"". con!i%entia" in!ormation an% tra%e

connections o! te Company an% te ,roup an% in te event tat any restrictions

sa"" $e !oun% voi% $ut #ou"% $e va"i% i! some part tereo! #ere %e"ete% suc

restrictions sa"" app"y #it any suc %e"etions as may $e necessary to ma/e tem

va"i% an% e!!ective *e Executive #arrants tat e as a% te opportunity to ta/e

in%epen%ent "ega" a%vice re"ating to tese restrictions an% ere$y agrees tat te

restrictions are reasona$"e as at te %ate o! tis Agreement 11

21; *e Executive un%erta/es tat e #i"" not at any time engage in any oter

tra%e or $usiness or $e associate% #it any oter person. !irm or company

engage% in any tra%e or $usiness using te name angers or incorporating te

#or%s angers 12

A4 2011

xi


13/35

2110 A!ter te termination o! te Executive's emp"oyment te Executive

un%erta/es tat e #i"" not represent imse"! or permit imse"! to $e e"% out as

$eing in any #ay sti"" connecte% #it or intereste% in te $usiness o! te Company.

te ,roup or angers Foot$a"" C"u$ 12

2111 *e Executive un%erstan%s an% agrees tat %amages may not provi%e an

a%e5uate reme%y at "a# !or te Company !or a $reac o! te restrictions set out in

tis c"ause 23 an% te Company may. in a%%ition to te oter reme%ies avai"a$"e to

it. o$tain an in-unction to prevent te Executive !rom te $reac or treatene%

$reac o! suc restrictions *e Executive agrees to in%emni!y te Company !or a""

costs. expenses. "osses an% %amages pai% or incurre% as a resu"t o! or arising !rom

te Executive's $reac o! tis c"ause 23 12

!!. Post ter"ination (o5oeration 1!

!#. Publi( state"ents 1!

!$. Co"an& rules 1!

291 *e Executive #i"" comp"y #it te Company's ru"es an% proce%ures an%

o$serve a"" po"icies !or te time $eing in !orce *e Company's ru"es. proce%ures

an% po"icies are not part o! te Executive's contract o! emp"oyment o#ever. any

unreasona$"e !ai"ure $y im to comp"y #it te Company's ru"es. proce%ures an%

po"icies #i"" $e a !ai"ure $y im to comp"y #it a reasona$"e instruction an% may

resu"t in %iscip"inary action $eing ta/en against im 12

292 7itout "imiting c"ause 2


14/35

2


15/35

30 *e Executive consents to te Company an% ,roup Companies

processing persona" %ata as set out a$ove 19

#1. Resignation of ositions %eld 1$

#!. Return of Co"an& roert& 1'

##. Intelle(tual Proert& 1'

331 A"" 8@ igts an% oter materia" o! any nature ma%e. originate% or

%eve"ope% $y te Executive at any time in te course o! or connecte% to is

emp"oyment #i"" $e"ong to an% vest in te Company a$so"ute"y 1

332 *o te extent tat suc 8@ igts an% oter materia"s %o not vest in te

Company on teir creation automatica""y $y "a# te Executive #i"" imme%iate"y

upon re5uest $y te Company assign a"" suc 8@ igts an% oter materia"s to te

Company or its nominee (as "ega" an% $ene!icia" o#ner) #it !u"" tit"e guarantee to

te !u""est extent permitte% $y "a# 1

333 *e Executive: 1

(a) ac/no#"e%ges tat $ecause o! te nature o! is %uties an% te particu"ar

responsi$i"ities arising !rom te nature o! tose %uties e #i"" ave a specia"

o$"igation to !urter te interests o! te Company an% o! te ,roup 1

($) un%erta/es imme%iate"y to noti!y an% %isc"ose in #riting to te Company !u""

%etai"s o! a"" 8@ igts or oter materia"s o! any nature ma%e originate% or

%eve"ope% $y im at any time in te course o! or in connection #it is emp"oyment

$y te Company on teir creation 1

(c) un%erta/es #enever re5ueste% $y te Company an% in any event upon

termination o! is emp"oyment #it te Company prompt"y to %e"iver up to te

Company a"" correspon%ence. %ocuments. papers an% recor%s on a"" me%ia (an% a""

copies or a$stracts). recor%ing or re"ating to any part o! te 8@ igts #ic are in

is possession. custo%y or po#er 1

(%) un%erta/es to o"% upon trust !or te $ene!it o! te Company any 8@ igts or

materia"s o! any nature ma%e. originate% or %eve"ope% in te course o!. or in

connection #it is emp"oyment to te extent tat tey may not $e an% unti" tey

are veste% a$so"ute"y in te Company or its nominee (as "ega" an% $ene!icia"

o#ner) 1

(e) ac/no#"e%ges tat. save as provi%e% $y "a#. no !urter remuneration or

compensation oter tan tat provi%e% !or in tis Agreement is or may $ecome %ue

to im in respect o! te per!ormance o! is o$"igations ereun%er 1

(!) un%erta/es at te expense o! te Company to execute a"" suc %ocuments.

ma/e suc app"ications. give suc assistance an% %o suc acts an% tings as may

in te opinion o! te 6oar% are necessary or %esira$"e to vest te 8@ igts in an%

register or o$tain patents or registere% %esigns in te name o! te Company or its

nominee (as "ega" an% $ene!icia" o#ner) an% oter#ise to protect an% maintain te

8@ igts. or materia"s o! any nature ma%e. originate% or %eve"ope% $y im 1

A4 2011

xiv


16/35

(g) so !ar as permitte% $y "a#. #aives any mora" rigts (as provi%e% !or $y

Capter 8L (mora" rigts). o! @art 1 Copyrigt Designs an% @atents Act 1;>> or any

!oreign correspon%ing rigts) in any 8@ igts or materia"s o! any nature ma%e.

originate%. %eve"ope% or pro%uce% $y im 1

12 *e Company %oes not o"% a contracting out certi!icate in respect o! te Appointment

1). Holida&s

1


24/35

1


25/35

1= 8! te Executive !ai"s to noti!y te Company o! is a$sence or to pro%uce %octors' certi!icates as

set out a$ove. e may "ose any sic/ pay to #ic e #ou"% oter#ise $e entit"e%. inc"u%ing

statutory sic/ pay Suc uncerti!icate% a$sence migt a"so $e treate% as unautorise% a$sence

*is is #itout pre-u%ice to any oter action te Company may #is to ta/e

1=< *e Company or a %octor appointe% $y te Company may re5uest a me%ica" report !rom a

%octor #o as $een treating te Executive 8n tese circumstances. te Executive's consent

#i"" $e sougt 8! te Executive unreasona$"y !ai"s to atten% an examination $y a %octor

appointe% $y te Company or re!uses or %e"ays consent to te supp"ying o! a me%ica" report e

may "ose any entit"ement to sic/ pay inc"u%ing any statutory sic/ pay

1== 8! te Executive's a$sence sa"" $e occasione% $y te actiona$"e neg"igence o! a tir% party in

respect o! #ic %amages are recovera$"e. ten a"" sums pai% $y te Company sa"" constitute

"oans to te Executive. #o sa"":

(a) !ort#it noti!y te 6oar% o! a"" te re"evant circumstances an% o! any c"aim.

compromise. sett"ement or -u%gment ma%e or a#ar%e% in connection tere#it an%

($) i! te 6oar% so re5uires. re!un% to te Company suc sum as te 6oar% may %etermine.

not excee%ing te "esser o!:

(i) te amount o! %amages recovere% $y im un%er suc compromise. sett"ement

or -u%gment an%

(ii) te sums a%vance% to im in respect o! te perio% o! incapacity

1-. Restri(tions on ot%er a(ti0ities b& t%e E2e(uti0e

1>1 *e Executive must %evote te #o"e o! is time attention an% a$i"ities %uring is ours o! #or/

!or te Company to is %uties !or te Company

1>2 *e Executive must not %uring is emp"oyment #it te Company. inc"u%ing %uring any perio% o!

suspension or #i"e on gar%en "eave. (except #it te prior #ritten consent o! te 6oar%) $e

concerne% or intereste% %irect"y or in%irect"y in any $usiness competing or #ic may compete

#it te $usiness o! te Company or any ,roup Company (oter#ise tan $y te o"%ing o! not

more tan G o! te securities in any suc $usiness 5uote% on a recognise% Stoc/ Excange) or

$e persona""y emp"oye% or engage% in any capacity #atsoever in or in connection #it any

$usiness oter tan te $usiness o! te Company

1>3 *e Executive must not %uring is emp"oyment #it te Company. inc"u%ing %uring any perio% o!

suspension or #i"e on gar%en "eave. (except #it te prior #ritten consent o! te 6oar%) $e"ong

to or ave any !inancia" or oter interest in any $usiness or organisation #ic gives rise or may

give rise to a con!"ict o! interest *e Executive must noti!y te Company as soon as possi$"e i!

e $ecomes a#are tat suc a con!"ict exists or may exist or i! tere is any potentia" !or suc a

con!"ict o! interest arising

1. Confidentialit&

1;1 For te purposes o! tis c"ause Con!i%entia" 8n!ormation means:

a"" in!ormation #eter recor%e% or not (an%. i! recor%e%. in #atever !orm. in #atever me%ia

an% $y #omever recor%e%) #ic is a tra%e secret or oter con!i%entia" or private in!ormation

#ic is not genera""y /no#n or easi"y accessi$"e $y te pu$"ic (eiter as an in%ivi%ua" item o!in!ormation or as part o! a $o%y o! /no#"e%ge) in any #ay re"ating to or concerning te $usiness.

A4 2013 >


26/35

!inances. %ea"ings. transactions or a!!airs o! te Company or te ,roup. or o! any tir% party #it

#om or #ic te Company or te ,roup as %ea"t an% in respect o! #om or #ic te

Company or te ,roup is $oun% $y an o$"igation (#eter express or imp"ie%) o! con!i%ence an%

inc"u%es. $ut is not "imite% to te !o""o#ing:

(a) in!ormation re"ating to te Company's or te ,roup's emp"oyees. c"ients or customers

an% te oter persons #it #om it or tey con%uct $usiness (inc"u%ing names.

a%%resses. te"epone. e&mai" or !ax num$ers or oter contact %etai"s)

($) in!ormation re"ating to te Company's or te ,roup's supp"iers. agents. consu"tants an%

%istri$utors (inc"u%ing names. a%%resses. te"epone. e&mai" or !ax num$ers or oter

contact %etai"s)

(c) in!ormation re"ating to te commercia" arrangements an%or tra%ing arrangements

an%or terms o! $usiness in !orce or un%er %iscussion as at te %ate o! te termination

o! te Executive's emp"oyment $et#een te Company or te ,roup an% its or teir

emp"oyees. supp"iers. agents an% %istri$utors an% te re5uirements o! suc persons in

terms o! te Company's or te ,roup's $usiness or services an%

(%) in!ormation re"ating to te %eve"opment. mar/eting. sa"es !orecasts. !inancia"

in!ormation. resu"ts an% !orecasts (save to te extent tat tese are inc"u%e% in

pu$"ise% au%ite% accounts). strategy or %irection o! te Company's or te ,roup's

$usiness

(e) in!ormation re"ating to any proposa"s re"ating to te ac5uisition or %isposa" o! te

Company or $usiness or any part tereo! or to any propose% expansion or contraction

o! activities

(!) in!ormation re"ating to p"ayer trans!er negotiations. %etai"s o! emp"oyees an% o!!icers

an% o! te remuneration an% oter $ene!its pai% to tem

(g) in!ormation re"ating to researc activities. inventions. secret processes. %esigns.

!ormu"ae an% pro%uct "ines an%

() in!ormation re"ating to te persona" a!!airs o! %irectors (or teir !ami"ies) o! te Company

an%or ,roup Company

1;2 *e Executive #i"" not %uring te Executive's emp"oyment or at any time a!ter te termination o!

te Executive's emp"oyment:

(a) use !or is o#n $ene!it or te $ene!it o! any oter person or

($) %isc"ose to any person or

(c) troug any !ai"ure to exercise a"" %ue care an% %i"igence cause or permit any

unautorise% %isc"osure o!.

any Con!i%entia" 8n!ormation #ic te Executive o$taine% $y virtue o! is emp"oyment

1;3 *e restrictions in su$&c"ause 212 sa"" not exten% to in!ormation #ic as $ecome part o! te

Executive's o#n s/i"" an% #ic may oter#ise $e "a#!u""y use% an% sa"" cease to app"y to

in!ormation or /no#"e%ge #ic te Executive is re5uire% to %isc"ose $y statute or $y any

"egis"ative or -u%icia" or regu"atory or%er or %ecree ($ut on"y to te minimum extent necessary tocomp"y #it suc a re5uirement. an% su$-ect to te Executive giving imme%iate #ritten notice to

A4 2013 ;


27/35

te Company o! suc a re5uirement) or #ic is (oter#ise tan troug te Executive's action)

avai"a$"e to te pu$"ic genera""y

1;9 *e Executive sa"" not. save !or te purpose o! te Company's $usiness an% on $ea"! o! te

Company. ma/e or retain copies o! or extracts !rom Con!i%entia" 8n!ormation in pysica" or

e"ectronic !orm *e Executive must i! re5ueste% $y te Company return to te Company or

%e"ete or %estroy a"" copies o! Con!i%entia" 8n!ormation in #atever !orm in te Executive's

possession or un%er te Executive's contro"

1; 8! %uring te Executive's emp"oyment e o$tains Con!i%entia" 8n!ormation concerning te ,roup

as #e"" as te Company. upon te re5uest o! any ,roup Company te Executive #i"" enter into

suc separate agreements or un%erta/ings #it tat ,roup Company to te same e!!ect as te

restrictions in tis c"ause 21

1;< 6reac o! tis %uty o! con!i%entia"ity #i"" constitute gross miscon%uct an% may "ea% to te

Executive's summary %ismissa"

!/. Garden lea0e

201 At any time %uring te Executive's emp"oyment or %uring any perio% o! notice (#icever party

as given te notice). provi%e% tat te Company continues to pay te Executive's sa"ary an% to

provi%e a"" $ene!its (or to pay a sum in "ieu o! te va"ue o! suc $ene!its) to #ic te Executive

is contractua""y entit"e% unti" te termination o! te Executive's emp"oyment. te Company sa""

$e entit"e% at its %iscretion:

(a) to re5uire te Executive not to carry out is %uties or responsi$i"ities un%er tis

Agreement %uring te remaining perio% o! is emp"oyment (or any part o! suc perio%)

an%or

($) to re5uire te Executive not to atten% is p"ace o! #or/ or any oter premises o! teCompany or any ,roup Company %uring te remaining perio% o! is emp"oyment (or

any part o! suc perio%) an%or

(c) to re5uire te Executive to return to te Company a"" %ocuments. computer %is/s an%

oter property (inc"u%ing summaries. extracts or copies) $e"onging to te Company or

any ,roup Company or to itsteir c"ients or customers an%or

(%) to re5uire te Executive to un%erta/e #or/ !rom is ome an%or to carry out

exceptiona" %uties or specia" pro-ects outsi%e te norma" scope o! is %uties an%

responsi$i"ities !or te Company or any ,roup Company an%or

(e) to appoint one or more persons to un%erta/e te Executive's %uties an%or

responsi$i"ities an%or to assume is position an%or

(!) to instruct te Executive not to communicate #it c"ients. customers. supp"iers.

investors. emp"oyees. agents or representatives o! te Company or any ,roup

Company

202 During te perio% re!erre% to in c"ause 221. te Executive #i"" continue to $e emp"oye% un%er

tis Agreement an% #i"" not $e emp"oye% $y or provi%e services to any tir% party

203 *e Executive agrees tat te %uties o! con!i%entia"ity an% goo% !ait continue to app"y %uring

any perio% o! suspension or #i"e on gar%en "eave

A4 2013 10


28/35

!1. Restri(ti0e (o0enants

211 *e Executive sa"" not !or a perio% o! 12 monts a!ter termination o! tis Agreement. #itout te

prior consent in #riting o! te 6oar%. %irect"y or in%irect"y an% #eter on is o#n account or !or

or on $ea"! o! any oter person $e emp"oye%. engage%. concerne% or intereste% #it any

$usiness #ic is or is inten%e% to $e simi"ar to or competitive #it te $usiness in Scot"an% o!

te Company or any ,roup Company #it #ic te Executive as $een materia""y invo"ve% in

te 12 monts prior to te termination o! tis Agreement

212 *e Executive sa"" not !or a perio% o! 12 monts a!ter termination o! tis Agreement #itout te

prior consent in #riting o! te 6oar% %irect"y or in%irect"y an% #eter on is o#n account or !or

or on $ea"! o! any oter person in connection #it any $usiness #ic is or is inten%e% to $e

simi"ar to or competitive #it te $usiness o! te Company or any ,roup Company %ea" #it.

so"icit. approac or canvass a#ay !rom te Company or any ,roup Company any !irm. company

or person #o is an% #as customer. c"ient. supp"ier or sponsor o! te Company. any ,roup

Company or angers Foot$a"" C"u$ %uring te "ast 12 monts prior to te termination o! tis

Agreement




simi"ar to or competitive #it te $usiness o! te Company or any ,roup Company so"icit

approac or canvass a#ay !rom te Company or any ,roup Company any person #o is an%

#as emp"oye% $y te Company or any ,roup Company as an executive. %irector. manager.

senior sta!! mem$er or p"ayer (!or te avoi%ance o! %ou$t inc"u%ing yout p"ayers) %uring te "ast

12 monts prior to te termination o! tis Agreement




simi"ar to or competitive #it te $usiness o! te Company or any ,roup Company emp"oy or

oter#ise engage any person #o is an% #as emp"oye% $y te Company or any ,roup

Company as an executive. %irector. manager. senior sta!! mem$er or p"ayer (!or te avoi%ance

o! %ou$t inc"u%ing yout p"ayers) %uring te "ast 12 monts prior to te termination o! tis

Agreement

21 *e perio%s o! restriction set out in te c"auses a$ove #ic app"y a!ter te termination o! te

Executive's emp"oyment sa"" $e re%uce% (counting $ac/#ar%s !rom #at #ou"% oter#ise $e

te en%s o! tose perio%s) $y te aggregate o! any time in te Executive's notice perio% %uring

#ic pursuant to c"ause 22 te Company as re5uire% te Executive to remain a#ay !rom #or/

an%or impose% any o! te oter re5uirements set out in tat c"ause

21< 8! te Executive is o!!ere% ne# emp"oyment. appointment or engagement. $e!ore entering into

any re"ate% contract te Executive #i"" $ring te terms o! tis c"ause an% c"ause 21 to te

attention o! te tir% party proposing %irect"y or in%irect"y to emp"oy. appoint or engage te

Executive

21= Hoting in tis Agreement sa"" prevent te Executive !rom carrying out any activity #it te prior

#ritten approva" o! te 6oar% or !rom o"%ing not more tan G o! te securities in a $usiness

5uote% on a recognise% Stoc/ Excange

21> *e Executive ac/no#"e%ges an% agrees #it te Company tat te %uration. extent an%

app"ication o! tese restrictions is no greater tan is necessary !or te protection o! te

investment. goo%#i"". con!i%entia" in!ormation an% tra%e connections o! te Company an% te

A4 2013 11


29/35


30/35

Company inc"u%ing te co%e on %ea"ings in te Company's securities !or te time $eing in !orce

*e Executive #i"" a"so ave regar% to any gui%ance issue% $y te Kon%on Stoc/ Excange p"c

!rom time to time

293 8! any !rau%. error or concea"e% practice %etrimenta" to te Company comes to te Executive's

attention e #i"" report it to te Cairman o! te 6oar% imme%iate"y

!'. Gratuities

*e Executive is not. #itout te #ritten consent o! te Company. permitte% to accept any gi!t.

$ene!it or any trans!er o! va"ue in any !orm #atsoever !rom any person #it #om te

Company is. as $een. or may $e in a $usiness re"ationsip

!). I"roer a&"ents

2


31/35


32/35

#!. Return of Co"an& roert&

*e Company reserves te rigt an% te Executive ere$y agrees tat te Company sa""

#ito"% payment o! te Executive's !ina" sa"ary payment or any payment in "ieu o! notice #en

te Executive "eaves emp"oyment unti" te Executive as returne% to te Company a"" items o!

Company property #ic te Executive may ave in te Executive's possession on or $e!ore te

termination o! te Executive's emp"oyment inc"u%ing te Executive's company car. /eys. security

pass. te"epone. mo$i"e pone. persona" computer an% "ap&top. computer %is/s an% tapes an%

any pass#or%s

##. Intelle(tual Proert&

331 A"" 8@ igts an% oter materia" o! any nature ma%e. originate% or %eve"ope% $y te Executive at

any time in te course o! or connecte% to is emp"oyment #i"" $e"ong to an% vest in te Company

a$so"ute"y

332 *o te extent tat suc 8@ igts an% oter materia"s %o not vest in te Company on teir creation

automatica""y $y "a# te Executive #i"" imme%iate"y upon re5uest $y te Company assign a""suc 8@ igts an% oter materia"s to te Company or its nominee (as "ega" an% $ene!icia"

o#ner) #it !u"" tit"e guarantee to te !u""est extent permitte% $y "a#

333 *e Executive:

(a) ac/no#"e%ges tat $ecause o! te nature o! is %uties an% te particu"ar responsi$i"ities

arising !rom te nature o! tose %uties e #i"" ave a specia" o$"igation to !urter te

interests o! te Company an% o! te ,roup

($) un%erta/es imme%iate"y to noti!y an% %isc"ose in #riting to te Company !u"" %etai"s o!

a"" 8@ igts or oter materia"s o! any nature ma%e originate% or %eve"ope% $y im at any

time in te course o! or in connection #it is emp"oyment $y te Company on teircreation

(c) un%erta/es #enever re5ueste% $y te Company an% in any event upon termination o!

is emp"oyment #it te Company prompt"y to %e"iver up to te Company a""

correspon%ence. %ocuments. papers an% recor%s on a"" me%ia (an% a"" copies or

a$stracts). recor%ing or re"ating to any part o! te 8@ igts #ic are in is possession.

custo%y or po#er

(%) un%erta/es to o"% upon trust !or te $ene!it o! te Company any 8@ igts or materia"s

o! any nature ma%e. originate% or %eve"ope% in te course o!. or in connection #it is

emp"oyment to te extent tat tey may not $e an% unti" tey are veste% a$so"ute"y in teCompany or its nominee (as "ega" an% $ene!icia" o#ner)

(e) ac/no#"e%ges tat. save as provi%e% $y "a#. no !urter remuneration or compensation

oter tan tat provi%e% !or in tis Agreement is or may $ecome %ue to im in respect

o! te per!ormance o! is o$"igations ereun%er

(!) un%erta/es at te expense o! te Company to execute a"" suc %ocuments. ma/e suc

app "ications . give suc assistance an% %o suc acts an% tings as may in te opinion

o! te 6oar% are necessary or %esira$"e to vest te 8@ igts in an% register or o$tain

pat ents or registere% %esigns in te name o! te Company or its nominee (as "ega" an%

$ene!icia" o#ner) an% oter#ise to protect an% maintain te 8@ igts. or materia"s o! any

nature ma%e. originate% or %eve"ope% $y im

A4 2013 1


33/35

(g) so !ar as permitte% $y "a#. #aives any mora" rigts (as provi%e% !or $y Capter 8L

(mora" rigts). o! @art 1 Copyrigt Designs an% @atents Act 1;>> or any !oreign

correspon%ing rigts) in any 8@ igts or materia"s o! any nature ma%e. originate%.

%eve"ope% or pro%uce% $y im

() #i"" not %isc"ose or ma/e use o! any 8@ igts #itout te Company's prior #ritten

consent un"ess te %isc"osure is necessary !or te proper per!ormance o! is %uties

an%

(i) #i"" not $y is acts or omissions %o anyting #ic #ou"% or migt pre-u%ice te rigts

o! te Company un%er tis c"ause

For te purposes o! tis c"ause. any re!erence to te activities un%erta/en $y te Executive in

te course o! or connecte% to is emp"oyment #it te Company inc"u%es #itout "imitation

#eter or not suc activities #ere un%erta/en %uring #or/ing ours an% #eter or not $e!ore

or a!ter te %ate o! tis Agreement

339 igts an% o$"igations un%er tis c"ause #i"" continue a!ter te termination o! tis agreement inrespect o! a"" 8@ igts ma%e or o$taine% %uring or in connection #it te Executive's

emp"oyment an% #i"" $e $in%ing on is persona" representatives

#$. Grie0an(e ro(edure

8! te Executive as a grievance re"ating to is emp"oyment e sou"% raise tat grievance in

#riting #it te Cairman o! te 6oar% #o #i"" %ea" #it it as e sees !it Any %ecision reace%

$y te Cairman o! te 6oar% may $e appea"e% to te 6oar% !or reconsi%eration *e %ecision

o! te 6oar% on suc grievance sa"" $e !ina" an% $in%ing For te avoi%ance o! %ou$t. te

Executive as no contractua" (as oppose% to statutory) rigt to a %iscip"inary or grievance

earing or any appea"

#'. Dis(ilinar& rules

31 Discip"inary an% per!ormance issues re"ating to te Executive sa"" $e %ea"t #it $y te 6oar% or

$y a person nominate% $y te 6oar% !or tat purpose

32 8! te Executive is suspecte% o! aving committe% a serious %iscip"inary o!!ence. te Company

may suspen% te Executive on !u"" pay !rom te Executive's %uties pen%ing a %iscip"inary

earing During any suc suspension perio% te Executive #i"" not $e permitte% to atten% at te

Company's or ,roup Companies' o!!ices. spea/ to or communicate #it co""eagues. customers.

c"ients. supp"iers or contractua" counter&parties. per!orm te Executive's %uties or spea/ to any

tir% parties #it #om or #ic te Company con%ucts its $usiness #itout te prior agreemento! te 6oar% or o! a person nominate% $y te 6oar% !or tat purpose

#). Dire(tors7 and 8ffi(ers7 Insuran(e

During te Executive's emp"oyment an% !or six years !o""o#ing termination o! is emp"oyment.

te Executive sa"" $e entit"e% to $e covere% $y a po"icy o! %irectors' an% o!!icers' "ia$i"ity

insurance on terms no "ess !avoura$"e tan tose in p"ace !rom time to time !or oter mem$ers

o! te 6oar% A copy o! te po"icy is avai"a$"e !rom uman esources

#,. C%ild Prote(tion

Bn%er te Company's Ci"% @orotection @o"icy. it is a re5uirement tat any emp"oyee #o isemp"oye% in a position #ere tere is regu"ar contact #it ci"%ren or vu"nera$"e a%u"ts must $e

A4 2013 1


34/35

assesse% $y Disc"osure Scot"an% un%er @art L o! te @o"ice Act 1;;=. !or te purposes o!

assessing app"icants' suita$i"ity !or positions o! trust *e Company comp"ies !u""y #it te Co%e

o! @ractice. issue% $y Scottis inisters. regar%ing te correct an%"ing. o"%ing an% %estroying

o! %isc"osure in!ormation *e Company uses %isc"osure in!ormation on"y !or te purpose !or

#ic it as $een provi%e%

#-. Noti(es

3>1 Any notice to $e given un%er tis Agreement sa"" $e in #riting an% %e"ivere% persona""y or sent

$y !irst c"ass post to:

(a) in te case o! te Company. its registere% o!!ice !or te time $eing

($) in te case o! te Executive. is "ast /no#n resi%entia" a%%ress

3>2 Any suc notice #i"" $e %eeme% to ave $een serve% i! %e"ivere% in person at te time o!

%e"ivery. or i! sent $y post. 9> ours a!ter it #as poste%

#. Entire agree"ent

*is Agreement superse%es a"" previous agreements an% arrangements (i! any) re"ating to te

Executive's emp"oyment $y te Company an% sets out te entire agreement o! te parties in

re"ation to te Executive's emp"oyment

$/. Go0erning la*

*e construction. va"i%ity an% per!ormance o! tis Agreement (inc"u%ing any non&contractua"

%isputes or c"aims arising out o! or in connection #it it) is governe% $y an% sa"" $e construe% in

accor%ance #it te "a#s o! Scot"an% an% te parties su$mit to te exc"usive -uris%iction o! te

Scottis courts !or a"" purposes re"ating to an% in connection #it tis Agreement (inc"u%ing anynon&contractua" %isputes an% c"aims)

$1. e0erabilit&

8! any provision o! tis Agreement erein containe% or part tereo! or any %ocument incorporate%

ereto is ren%ere% voi%. i""ega" or unen!orcea$"e !or #atever reason in any respect un%er any

"a#. it is ere$y %ec"are% tat suc c"ause or %ocument so a!!ecte% sa"" not in any #ay a!!ect or

impair te va"i%ity. "ega"ity or en!orcea$i"ity o! te oter terms or provisions erein containe%.

#ic sa"" remain in !u"" !orce an% e!!ect provi%e% tat suc inva"i%ity or unen!orcea$i"ity sa""

not su$stantia""y nu""i!y te un%er"ying intent o! tis Agreement an% sa"" $e %eeme% to $e an

in%epen%ent provision an% te parties sa"" $e at "i$erty to ave suc provision severe% !rom te

rest o! tis Agreement

$!. Counterarts

*is Agreement may $e entere% into in any num$er o! counterparts an% $y te parties to it on

separate counterparts. eac o! #ic #en so execute% an% %e"ivere% sa"" $e an origina". $ut

a"" te counterparts togeter sa"" constitute one an% te same agreement

*is Agreement as $een signe% $y or on $ea"! o! eac o! te parties on te %ate state% at te

$eginning o! tis %ocument

A4 2013 1=


35/35

IGNED!or an% on $ea"! o! Rangers International Football Club PLC:

Signature

@rint name

*it"e

IGNED$y Craig Mat%erin te

presence o!:

Signature

Signature o! #itness

@rint name

A%%ress

+ccupation

176923329 rifc ceo contract v1

Documents