National Grid 2008 Annual Report Download - page 463

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 559
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-4.C.9, Doc: 10, Page: 3
Description: EXH 4(C).9
0/3872.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/872/3*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 559
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-4.C.9, Doc: 10, Page: 3 Description: EXH 4(C).9
0/3872.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/872/3*
-2 -
accordance with the terms of this A
g
reement by any obli
g
ation or duty owed to any other party, whether contractual or
otherwise.
3 A
pp
ointment and Duties of the Executive
3.1 The Executive will serve the Company as Executive Director, Electricity Distribution and President of National Grid
USA from the Commencement Date or in any other executive capacity as the Executive and the Company may a
g
ree
from time to time.
3.2 As soon as practicable followin
g
the Commencement Date, the Parent shall appoint the Executive as, and Executive
agrees to serve as, an Executive Director of the Parent (it being understood that the Executive’s continuin
g
service as an
Executive Director is sub
j
ect to the vote of the Parent’s shareholders at the a
pp
licable annual
g
eneral meetin
g)
.
3.3 The Executive will:
3.3.1 devote the whole of his time, attention and skill to the Em
p
lo
y
ment;
3.3.2 properly perform his duties and exercise his powers;
3.3.3 acce
p
t an
y
offices or directorshi
p
s as reasonabl
y
re
q
uired b
y
the Board;
3.3.4 comply with all rules and regulations issued by the Company;
3.3.5 obe
y
the directions of the Board; and
3.3.6 use his best endeavors to promote the interests and reputation of every Group Company.
3.4 The Executive acce
p
ts that with his consent
(
which he will not unreasonabl
y
withhold or dela
y)
:
3.4.1 the Company or the Parent may require him to perform duties for any other Group Company whether for the
whole or part of his workin
g
time. In performin
g
those duties clause 3.3.4 will apply as if references to the
Company are to the appropriate Group Company. The Company will remain responsible for the payments and
benefits he is entitled to receive under this A
g
reement (however, the actual payments and benefits may be
delivered by any Group Company) and;
3.4.2 the Com
p
an
y
ma
y
transfer the Em
p
lo
y
ment to an
y
other Grou
p
Com
p
an
y
.
3.5 The Executive will keep the Board (and, where appropriate, the board of directors of any other Group Company) fully
informed of his conduct of the