An independent panel established by the Investment Association in 2015 to address the concern that executive remuneration had become too complex and was not fulfilling its purpose.

Arrangements by a local authority for the creation and operation of an executive of the authority under which certain functions are the responsibility of the executive (see the Local Government Act 2000 (LGA 2000), pt 2).

Executive directors are usually directors of the company who are, in addition, employed by the company (or other group company) in specific salaried roles and are involved in the running of aspects of the company's business on a day-to-day basis. Compare with non-executive directors.

Executive directors’ shareholding requirements Aligning executive directors' pay with a company's long-term strategy and the interests of its shareholders remains a hot topic for UK listed companies. While there is no legislative requirement for executive directors to own shares in the company, having a minimum shareholding requirement further strengthened by a post-employment shareholding policy has now become best practice among listed companies. The principles governing a UK listed company's shareholding requirements are set out in the FRC's Corporate Governance Code (the Code) and in supporting institutional investor guidelines. The primary institutional investor guidelines for these purposes are the Principles of Remuneration published by the Investment Association (IA) (typically on an annual basis, ahead of each AGM season) (the IA Principles). Neither the Code nor the IA Principles are legally binding, nor do they have the force of law, but they are influential on remuneration design and reflect best practice in corporate governance. The main sanction for non-compliance is that institutional investors may vote against the company's Directors'

The process where, if parties are in dispute, the nominated executives of each party meet in an endeavour to resolve the dispute.

Scheme sold by insurance companies that is used to provide benefits for senior employees. Each insurance policy is earmarked to provide benefits for a single member.

A scheme for selected directors or employees.

An arrangement for the provision of benefits to directors and/or senior employees.

This Agreement is made on [date] Parties 1 [Name of company], a company incorporated in England with registered number [number] whose registered office is at [address] (the Company); and 2 [Name of employee], of [address] (you). Forthcoming changes: In measures expected to come into force on 1 October 2026, time limits for making certain claims in employment tribunals in Great Britain (and, in certain cases, industrial tribunals in Northern Ireland) will be increased from three months to six months. The changes are set out in section 152 of the Employment Rights Act 2025 (ERA 2025) and ERA 2025, Schedule 12 (not yet in force), and in The Employment Tribunals Extension of Jurisdiction (England and Wales) (Amendment) Order 2026 (draft), The Employment Tribunal (Extension of Time Limits) (Miscellaneous Amendments and Transitional Provisions) Regulations 2026 (draft) and The Employee Study and Training (Procedural Requirements) (Amendment) Regulations 2026, SI 2026/473. This Precedent will be updated as soon as the relevant statutory instruments are made. For more information, see Practice Note: Employment Rights Act 2025—tracker. The parties agree: 1 Definitions and interpretation 1.1 In this Agreement the following expressions

This Agreement is made on [date] Parties 1 [Name of company], a company incorporated in [Scotland] with registered number [number] whose registered office is at [address] (the Company); and 2 [Name of employee], of [address] (you). The parties agree: 1 Definitions and interpretation 1.1 In this Agreement the following expressions will, unless the context otherwise requires, have the meanings set opposite them: Basic Salary • the meaning given to it in Clause 9.1; [Board • [the directors of the Company present at a meeting: (i) of directors of the Company or (ii) of a duly appointed committee of directors of the Company[, such meeting to be convened and quorate in accordance with the articles of association of the Company and the Companies Act 2006] OR the directors of the Company present at a meeting of directors of the Company[, such meeting to be convened and quorate in accordance with the articles of association of the Company and the Companies Act 2006] ];] [Chief Executive • the [chief executive] of [the Company OR [insert name of Group Company]] as appointed by the [Board OR Group Board] from time to time;] Commencement Date

This Agreement is made on [date] Parties 1 [Name of company], a company incorporated in England with registered number [insert company number] whose registered office is at [address] (the Company); and 2 [Name of employee], of [address] (you). The parties agree: 1 Definitions and interpretation 1.1 In this Agreement the following expressions will, unless the context otherwise requires, have the meanings set opposite them: Basic Salary • the meaning given to it in Clause 9.1; [Board • [the directors of the Company present at a meeting: (i) of directors of the Company or (ii) of a duly appointed committee of directors of the Company[ such meeting to be convened and quorate in accordance with the articles of association of the Company and CA 2006] OR the directors of the Company present at a meeting of directors of the Company[, such meeting to be convened and quorate in accordance with the articles of association of the Company and CA 2006] ];] [Chief Executive • the [chief executive] of the Company from time to time;] Commencement Date • [[date] OR the date specified in Clause 3.1] (regardless of the date of execution of this Agreement); CA 2006 • the Companies

This Agreement is made on [date] Parties 1 [Name of company], a company incorporated in Scotland with registered number [insert company number] whose registered office is at [address] (the Company); and 2 [Name of employee], of [address] (you). The parties agree: 1 Definitions and interpretation 1.1 In this Agreement the following expressions will, unless the context otherwise requires, have the meanings set opposite them: Basic Salary • the meaning given to it in Clause 9.1; [Board • [the directors of the Company present at a meeting: (i) of directors of the Company or (ii) of a duly appointed committee of directors of the Company[ such meeting to be convened and quorate in accordance with the articles of association of the Company and CA 2006] OR the directors of the Company present at a meeting of directors of the Company[, such meeting to be convened and quorate in accordance with the articles of association of the Company and CA 2006] ];] [Chief Executive • the [chief executive] of the Company from time to time;] Commencement Date • [[date] OR the date specified in Clause 3.1] (regardless of the date of execution of this Agreement); CA