Other executive directors
Steve Mogford, who retired as a director on 9 May 2007, had a service contract dated 6 April 2000 (as amended 15 January 2004 and 28 October 2005). Chris Geoghegan, who retired as a director on 31 December 2007, had a service contract dated 10 July 2002 (as amended 15 January 2004 and 13 October 2005). On leaving the Company, both were entitled to a payment of 12 months’ base salary in lieu of notice as set out in their contracts. Both waived their rights to these payments in return for the same amounts being paid into the Executive Pension Scheme (ExPS) and matched by equivalent payments from the Company. Their pension benefits were augmented by purchasing additional benefits under the ExPS in accordance with the scheme’s normal augmentation factors. Further details are provided in Table G on Table G: Directors’ post-retirement benefits page.
