DEO » Topics » 13. EMPLOYEE RIGHTS

This excerpt taken from the DEO 20-F filed Sep 15, 2008.

13.   EMPLOYEE RIGHTS

13.1
No account shall be taken of actual or prospective grants of Awards or rights in prospect under them for the purpose of any redundancy payments or severance scheme operating within the Group or for the purpose of a Participant's right under any pension scheme or arrangement.

13.2
Nothing in this Plan or in any document issued pursuant to the Plan shall confer upon any person any right to continue in the employ of any Group Company or shall affect the right of any Group Company to terminate the employment of any person, or shall impose upon any Group Company, the Committee, Trustee or their respective agents and employees any liability for the loss of any rights under the Plan which may result if that person's employment is so terminated. In no circumstances shall any Participant, by reason of ceasing to be employed by any Group Company, or any part of the Plan ceasing or failing to have a particular tax treatment or to be approved by the Inland Revenue or any other revenue authority, be entitled to any compensation for any loss of any actual or prospective right or benefit under the Plan which he might otherwise have enjoyed, whether such compensation is claimed by way of damages for wrongful or unfair dismissal or other breach of contract or by way of compensation for loss of office or otherwise.
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