Annual Report & Accounts 2026
36
REPORT OF THE REMUNERATION COMMITTEE CONTINUED
SERVICE CONTRACTS AND EXIT PAYMENTS POLICY EXECUTIVE DIRECTORS
The following is a summary of the key terms of the service contracts of the Executive Directors:
James Knight
Ashley Miller
Term
Indefinite
Indefinite
Notice Period
12 months
3 months
The service contracts are available for inspection at the Company’s registered office, upon prior request.
There are no express provisions in Executives’ service contracts with the Company for compensation payable upon termination of those contracts, other than for payments in lieu of notice.
NON-EXECUTIVE DIRECTORS
Non-executive Directors (including the Chair) do not have service contracts but rather letters of appointment, the key terms of which are set out below:
Chairperson
NEDs
Initial term
3 years
3 years
Notice Period
3 months
1 month
ISABEL NAPPER Chair, Remuneration Committee
REPORT OF THE REMUNERATION COMMITTEE CONTINUED
SERVICE CONTRACTS AND EXIT PAYMENTS POLICY EXECUTIVE DIRECTORS
The following is a summary of the key terms of the service contracts of the Executive Directors:
James Knight
Ashley Miller
Term
Indefinite
Indefinite
Notice Period
12 months
3 months
The service contracts are available for inspection at the Company’s registered office, upon prior request.
There are no express provisions in Executives’ service contracts with the Company for compensation payable upon termination of those contracts, other than for payments in lieu of notice.
NON-EXECUTIVE DIRECTORS
Non-executive Directors (including the Chair) do not have service contracts but rather letters of appointment, the key terms of which are set out below:
Chairperson
NEDs
Initial term
3 years
3 years
Notice Period
3 months
1 month
ISABEL NAPPER Chair, Remuneration Committee