BT 2004 Annual Report Download - page 64

Directors’ service agreements and contracts of appointment
The dates on which directors’ initial service agreements/letters of appointment commenced and the current
expiry dates are as follows:
Chairman and executive directors Commencement date Expiry date of current service agreement or letter of appointment
Sir Christopher Bland 1 May 2001 Sir Christopher Bland entered into a new service agreement on
29 August 2003 which terminates at the conclusion of the 2007
AGM, terminable on 12 months’ notice by either the company or the
director before that date.
B Verwaayen 14 January 2002 The agreement was terminable during the first year by the company
giving two years’ notice and thereafter by notice of not less than one
year; terminable by the director on six months’ notice ending after
the first two years.
P Danon The contract is terminable by the company on 12 months’ notice and
by the director on six months’ notice.
A Green 19 November 2001
Dr P Reynolds
}
I Livingston 8 April 2002 The initial period was for two years. The contract is terminable on
12 months’ notice by the company and six months’ notice by the
director ending at any time after the initial period.
Non-executive directors
Sir Anthony Greener 1 October 2000 Letters of appointment were for an initial period of three years.
Appointments were extended for a further three years and are
terminable by the company or the director on three months’ notice.
The appointments are renewable by mutual agreement.
M van den Bergh 1 September 2000
LRHughes 1 January 2000
}
C Brendish 1 September 2002 Letters of appointment are for an initial period of three years and are
terminable by the company or the director on three months’ notice.
The appointments are renewable by mutual agreement.
Baroness Jay 14 January 2002
J Nelson 14 January 2002
CGSymon 14 January 2002
}
There are no other service agreements or material contracts, existing or proposed, between the company and the
directors. There are no arrangements or understandings between any director or executive officer and any other
person pursuant to which any director or executive officer was selected to serve. There are no family relationships
between the directors.
Directors’ interests
The interests of directors and their families in the company’s shares at 31 March 2004 and 1 April 2003, or date
of appointment if later, are shown below:
No. of shares
Beneficial holdings 2004 2003
Sir Christopher Bland
c
674,062
b
673,876
B Verwaayen
c
387,876 387,876
P Danon
c
93,508
b
61,228
b
A Green
c
92,351
b
85,729
b
I Livingston
c
209,637
b
110,444
Dr P Reynolds
c
46,823
ab
43,223
b
Sir Anthony Greener 34,607 11,167
M van den Bergh 4,800 4,800
C Brendish 23,920 10,920
LRHughes 6,800 6,800
Baroness Jay 5,572 5,572
J Nelson 50,000 50,000
CGSymon 10,069 10,069
Total 1,640,025 1,461,704
a
During the period from 1 April 2004 to 17 May 2004, Paul Reynolds purchased 144 shares under the BT Group Employee Share Investment Plan.
b
Includes free shares awarded under the Employee Share Investment Plan and Employee Share Ownership Scheme – details are set out on page 70.
c
At 31 March 2004, Sir Christopher Bland and each of the executive directors, as potential beneficiaries, had a non-beneficial interest in 30,463,435
shares (2003 – 31,719,402) held in trust by Ilford Trustees (Jersey) Limited for allocation to employees under the employee share schemes. They each
also had a non-beneficial interest in 141,864 shares (2003 – 19,822) held in trust by Halifax Corporate Trustees Limited for participants in the Employee
Share Investment Plan.
BT Annual Report and Form 20-F 200463 Report on directors’ remuneration