# EXECUTIVE SERVICE AGREEMENT
Date: 1 July 2035
Parties: Marineridge Renewables Ltd and Priya Nair
## 1. Purpose and parties
This executive service agreement is made on 1 July 2035 between Marineridge Renewables Ltd, company number 15077124, of 22 Harbour View, Hull HU1 2ET, and Priya Nair of 8 Hawthorn Close, York YO24 1DL. The company appoints Priya as Chief Operating Officer from 1 August 2035, subject to the Companies Act 2006 and the board's continuing authority.
## 2. Facts, scope and terms
Priya will devote the time reasonably required for the role, report to the board, oversee operations and safety systems, and comply with lawful instructions and the company's articles and policies. She remains a director only if separately appointed and registered; this agreement does not itself appoint her as a statutory director or authorise her to bind the company beyond delegated authority.
## 3. Process and responsibilities
The company will pay a basic salary of £132,000 per year in twelve equal monthly payments, subject to PAYE and National Insurance. Priya may participate in a discretionary annual bonus with a target of 15% of salary, but no bonus is earned unless the board determines it after considering results, conduct and affordability. Reasonable pre-approved expenses are reimbursed against receipts.
## 4. Evidence, records and safeguards
Priya will receive 25 days' paid holiday each holiday year plus bank holidays, subject to applicable statutory rights and the company's booking procedure. The company will provide workplace pension information and statutory family, sickness and other protections where applicable. Nothing in this agreement removes rights that employment law makes mandatory.
## 5. Review, escalation and outcome
Priya must protect confidential information, disclose conflicts and inventions made in the course of duties, and comply with data protection, health and safety, equality, anti-bribery and whistleblowing requirements. Any post-termination restriction must be read only to the extent reasonably necessary to protect legitimate business interests and enforceable by law; it does not prohibit lawful work generally.
## 6. Reservations and practical protections
After six months' service, either party may terminate on three months' written notice. The company may place Priya on garden leave, continue pay and benefits, and withdraw authority during notice. Summary termination is available for gross misconduct or other lawful cause, subject to a fair process where required; accrued salary and untaken holiday are settled with lawful deductions.
## 7. England and Wales law and completion
This completed fictional agreement is governed by England and Wales law and does not replace the company's articles, statutory duties or any required board approval. Employment status and tax follow the actual relationship and applicable law, not a label alone. Notices must be written to the stated addresses, and neither party excludes non-excludable liability or statutory employment rights.