National Grid 2008 Annual Report Download - page 442

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 42244
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-4.C.8, Doc: 9, Page: 16
Description: EXH 4(C).8
0/3852.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/852/3*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 42244
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-4.C.8, Doc: 9, Page: 16 Description: EXH 4(C).8
0/3852.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/852/3*
15
Date and who had been senior employee, director, officer, a
g
ent, senior consultant or senior associate at any
time durin
g
the six months prior to the Relevant Date and with whom he had worked closely at any time durin
g
that
p
eriod.
13.3 Each of the para
g
raphs contained in clause 13.2 constitutes an entirely separate and independent covenant. If any
covenant is found to be invalid this will not affect the validit
y
or enforceabilit
y
of an
y
of the other covenants.
13.4 Followin
g
the Termination Date, the Executive will not represent himself as bein
g
in any way connected with the
businesses of the Com
p
an
y
or of an
y
other Grou
p
Com
p
an
y
(
exce
p
t to the extent a
g
reed b
y
such a com
p
an
y)
.
13.5 Any benefit
g
iven or deemed to be
g
iven by the Executive to any Group Company under the terms of clause 13 is
received and held on trust by the Company for the relevant Group Company. The Executive will enter into appropriate
restrictive covenants directly with other Group Companies if asked to do so by the Company.
13.6 Any termination of the Employment or of this A
g
reement (or breach of this A
g
reement by the Executive, the Company
or the Parent) shall have no effect on the continuing operation of this clause 13.
13.7 The parties hereto acknowledge that the potential restrictions on the Executive’s future employment imposed by this
clause 13 are reasonable in both duration and
g
eo
g
raphic scope and in all other respects. If for any reason any court of
competent jurisdiction shall find any provisions of this clause 13 unreasonable in duration or
g
eo
g
raphic scope or
otherwise, the Executive and the Company a
g
ree that the restrictions and prohibitions contained herein shall be
effective to the fullest extent allowed under applicable law in such jurisdiction.
13.8 The parties acknowled
g
e that this A
g
reement would not have been entered into and the benefits described in clause 7
would not have been promised in the absence of the Executive’s promises under this clause 13.
13.9 In the event that the Executive breaches clause 13.2.1, 13.2.2, or 13.2.3, the Company’s obli
g
ation to make or provide
payments or benefits under clause 7 (excluding clause 7.6) and12 shall cease.
13.10 Before the Executive either applies for or accepts employment with any other person or entity while any of clause
13.2.1, 13.2.2, or 13.2.3 is in effect, the Executive will provide the prospective employer with written notice of the
p
rovisions of this clause 13 and will deliver a co
py
of the notice to the Com
p
an
y
.