Common use of BENEFIT SCHEMES Clause in Contracts

BENEFIT SCHEMES. Without prejudice to the terms of Clauses 3 and 17, the Executive shall be entitled during the Employment, to participate at the Company’s expense in any Schemes subject to the following terms and conditions: (a) the Executive’s participation is subject to the Company’s rules regarding eligibility in force from time to time and the rules, terms and conditions of the Scheme and/or insurance policy in force from time to time; (b) the Company reserves the right to terminate the Executive’s or the Company’s participation in any Scheme, substitute a new scheme(s) for an existing scheme(s) and/or alter the level or type of benefits available under any scheme(s) (provided that the Executive’s eligibility to participate in the Schemes and the level and type of benefits will be broadly equivalent as that available to other UK-based members of the Group’s executive management); (c) if a Scheme provider (e.g. an insurance company or pensions provider) refuses for any reason (whether under its own interpretation of the rules, terms and conditions of the relevant insurance policy or otherwise) to accept a claim and/or provide the relevant benefit(s) to the Executive under the applicable Scheme, the Company shall not be liable to provide (or compensate the Executive for the loss of) such benefit(s) nor shall it be obliged to take action against the provider to enforce any rights under the Scheme; and 299021913 v1 (d) the fact that the termination of the Employment may result in the Executive ceasing to be eligible to receive or continue to receive benefits under any Scheme does not remove the Company’s right to terminate the Employment.

BENEFIT SCHEMES. Without prejudice to the terms of Clauses 3 and 17, the Executive shall be entitled during the Employment, to participate at the Company’s expense in any Schemes subject to the following terms and conditions: (a) the Executive’s participation is subject to the Company’s rules regarding eligibility in force from time to time and the rules, terms and conditions of the Scheme and/or insurance policy in force from time to time; (b) the Company reserves the right to terminate the Executive’s or the Company’s participation in any Scheme, substitute a new scheme(s) for an existing scheme(s) and/or alter the level or type of benefits available under any scheme(s) (provided that the Executive’s eligibility to participate in the Schemes and the level and type of benefits will be broadly equivalent as that available to other UK-based members of the Group’s executive management); (c) if a Scheme provider (e.g. an insurance company or pensions provider) refuses for any reason (whether under its own interpretation of the rules, terms and conditions of the relevant insurance policy or otherwise) to accept a claim and/or provide the relevant benefit(s) to the Executive under the applicable Scheme, the Company shall not be liable to provide (or compensate the Executive for the loss of) such benefit(s) nor shall it be obliged to take action against the provider to enforce any rights under the Scheme; and 299021913 v1and (d) the fact that the termination of the Employment may result in the Executive ceasing to be eligible to receive or continue to receive benefits under any Scheme does not remove the Company’s right to terminate the Employment.

BENEFIT SCHEMES. Without prejudice to the terms of Clauses 3 and 17, the Executive shall be entitled during the Employment, to participate at the Company’s expense in any Schemes subject to the following terms and conditions: (a) the Executive’s participation is subject to the Company’s rules regarding eligibility in force from time to time and the rules, terms and conditions of the Scheme and/or insurance policy in force from time to time; (b) the Company reserves the right to terminate the Executive’s or the Company’s participation in any Scheme, substitute a new scheme(s) for an existing scheme(s) and/or alter the level or type of benefits available under any scheme(s) (provided that the Executive’s eligibility to participate in the Schemes and the level and type of benefits will be broadly equivalent as that available to other UK-based members of the Group’s executive management); (c) if a Scheme provider (e.g. an insurance company or pensions provider) refuses for any reason (whether under its own interpretation of the rules, terms and conditions of the relevant insurance policy or otherwise) to accept a claim and/or provide the relevant benefit(s) to the Executive under the applicable Scheme, the Company shall not be liable to provide (or compensate the Executive for the loss of) such benefit(s) nor shall it be obliged to take action against the provider to enforce any rights under the Scheme; and 299021913 v1; (d) the fact that the termination of the Employment may result in the Executive ceasing to be eligible to receive or continue to receive benefits under any Scheme does not remove the Company’s right to terminate the Employment.