National Grid 2008 Annual Report Download - page 489

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 32580
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-4.C.11, Doc: 11, Page: 4
Description: EXH 4(C).11
0/2903.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/903/2*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 32580
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-4.C.11, Doc: 11, Page: 4 Description: EXH 4(C).11
0/2903.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/903/2*
Induction
You will be provided with an induction to the Company and its businesses and detailed information on a variety of areas and in
addition have been provided a Directors’ Information Pack. We will also arrange for various site visits and meetings with senior
and middle management and the Company’s advisors. We will also arrange for you to meet major investors, as appropriate.
Should you feel you require additional information on any area please contact the Company Secretary and General Counsel to
arrange this.
Review Process
The performance of individual Directors, the Board and Board Committees is evaluated annually. If, in the interim, there are any
matters which cause you concern in relation to your role you should discuss them with the Chairman as soon as is appropriate.
Insurance
The Company has Directors’ and Officers’ liability insurance and it is intended to maintain such cover for the full term of your
appointment. A summary of the cover is included in your Directors’ Information Pack.
Indemnity
The Articles of Association of the Company and legislation in the UK allow the Company to indemnify Directors in relation to any
legal or regulatory action taken against them (either actual or threatened) as may arise by virtue of their position in the Company.
Such indemnity shall indemnify you against expenses (including legal fees) actually and reasonably incurred by you in connection
with such action, suit or proceedin
g
and a
g
ainst jud
g
ements, fines and amounts paid in settlement in connection with such action,
suit or proceeding to the fullest extent permitted. Such right of indemnification shall be without prejudice to any other rights which
you may be entitled.
To enable the full extent of this indemnity to apply to you, please sign the attached deeds of indemnity and return both copies to
me. One copy will be returned to you in due course.
Independent Professional Advice
Occasions may arise when you consider that you need independent professional advice in the furtherance of your duties as a
Director. Please advise either the Chairman or the Company Secretary and General Counsel should you wish to seek such
advice. The Company will reimburse the full cost of expenditure incurred in respect of such advice.
Governing Law
The agreement contained in this letter shall be governed by, and construed in accordance with, English law and shall be subject
to the exclusive jurisdiction of the English courts.
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