Amendment to Terms and Conditions of Employment for Richard Houghton

Contract Categories: Human Resources › Compensation Agreements
Summary

This letter, addressed to Richard Houghton, confirms an increase in his annual salary to £350,000, effective May 1, 2008, following a change in his job responsibilities. The amendment was approved by the Compensation Committee, and all other employment terms remain unchanged. The letter also emphasizes that salary details are confidential between Mr. Houghton and the company.

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EX-10.3 4 u56197exv10w3.htm EX-10.3 EX-10.3
Exhibit 10.3
13 May 2008
Mr R Houghton
[Address]
Dear Richard,
Amendment to Term and Conditions of Employment
Further to your conversation with Chris O’Kane and in line with the recent change in your responsibilities, this letter confirms the action taken by the Compensation Committee on April 29th 2008 to increase your salary to £350,000 per annum. This change is effective from 1st May 2008.
All other terms and conditions remain the same.
You will appreciate that salary information is confidential to yourself and the Company.
Yours sincerely
         
     
/s/ Chris Woodman      
Chris Woodman     
Group Head of Human Resources