Salary Increase and Pension Contribution Adjustment Letter between Virgin Media and Andrew Barron (February 2013)

Summary

Virgin Media confirms an increase in Andrew Barron's base salary to £490,000 per year, effective December 7, 2012. The new salary will be reflected in the next pay cycle and will apply to the 2013 Annual Bonus Plan, but not to the 2012 plan. The company's pension contributions on his behalf will also rise from 15% to 20% of his base salary, with no employee contributions required from January 1, 2013. All other employment terms remain unchanged.

EX-10.58 17 vmed-12312012xex1058.htm EXHIBIT 10.58 VMED-12.31 2012-Ex 10.58

Exhibit 10.58

4 February 2013

PRIVATE & CONFIDENTIAL

Andrew Barron

(Address removed for confidentiality reasons)

RE: SALARY INCREASE

Dear Andrew,

I am pleased to confirm that your base salary will be increased to £490,000 per annum with effect from 7^th December 2012. This change will be included in the next available pay run and will be applicable for the 2013 Annual Bonus Plan but not for the 2012 plan.

Also with effect from 7th December 2012, the Company's pension contributions on your behalf will be increased from 15% to 20% of base salary, with no employee contributions required from 1 January 2013.

All other Terms and Conditions remain unchanged.

I should also like to confirm that, on reflection, I have changed you 2012 appraisal rating to a 5 'Great' and I should like to thank you for all your hard work and for your contribution in 2012.

I look forward to your continued support as we work together to make 2013 another great year for the Company.

Yours sincerely

Neil Berkett

Chief Executive Officer