13Benefits for employees, etc

Without prejudice to their other powers, the Company may make donations and incur expenditure for the benefit of their directors, officers and employees and their widows and other dependants and in particular pay, or make provision (whether by contributory or non-contributory schemes or otherwise) for the payment of, pensions, allowances or gratuities to or in respect of any persons who have been or are directors, officers or employees of the Company and their widows and other dependants.