Circuit City 2011 Annual Report Download - page 84

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11.3.3
notify the Company of any accidents involving the car (whether or not these take place while the Employee is on
business);
11.3.4
immediately inform the Company if he is convicted of a driving offence or disqualified from driving; and
11.3.5
return the car, its keys and all documents relating to it to the HR Department or such other place as the Company may
reasonably stipulate immediately on the termination of the Appointment however arising or on the Employee
becoming
no longer legally entitled to drive.
12
Holidays
12.1
The Employee shall be entitled to 28 days' paid holiday in each holiday year which shall include the eight usual public holidays in
England and Wales or days in lieu where the Company requires the Employee to work on a public holiday. The holiday year of the
Company runs between 1 January and 31 December. If the Appointment commences or terminates part way through a holiday year,
the entitlement of the Employee during that holiday year shall be calculated on a pro
-
rata basis rounded up to the nearest half day.
12.2
Holiday shall be taken at such time or times as shall be approved in advance by the Chairman and CEO of Systemax Inc. No more
than ten days paid annual leave must be taken consecutively unless prior approval is obtained from the Chairman and CEO of
Systemax Inc..
12.3
The Employee shall have no entitlement to any payment in lieu of accrued but untaken holiday except on termination of the
Appointment. Subject to clause 12.4 the amount of such payment in lieu shall be 1/260th of the salary of the Employee for each
untaken day of the entitlement under clause 12.1 for the holiday year in which termination takes place and any untaken days carried
forward from the preceding holiday year.
12.4
If the Company has terminated or would be entitled to terminate the Appointment under clause 20 or if the Employee has terminated
the Appointment in breach of this agreement any payment due under clause 12.3 shall be limited to the statutory entitlement of the
Employee under the Working Time Regulations 1998 and any paid holidays (including paid public holidays) taken shall be deemed
first to have been taken in satisfaction of that statutory entitlement.
12.5
If on termination of the Appointment the Employee has taken in excess of his accrued holiday entitlement, the Company shall be
entitled to recover from the Employee by way of deduction from any payments due to the Employee or otherwise one day's pay
calculated at 1/260th of the salary for each excess day.
12.6
If either party has served notice to terminate the Appointment, the Company may require the Employee to take any accrued but
unused holiday entitlement during the notice period. Any accrued but unused holiday entitlement shall be deemed to be taken during
any period of Garden Leave under clause 22.
13
Options
13.1
Subject to the prior approval of the Compensation Committee, the Employee shall receive an option to purchase shares of common
stock in Systemax Inc, as set out in a separate agreement governed by the Laws of Delaware.
14
Restricted stock
14.1
Subject to the prior approval of the Compensation Committee, the Employee shall receive a grant of restricted shares of common
stock in Systemax Inc, as set out in a separate agreement governed by the Laws of Delaware.