Company scheme Sample Clauses
A company scheme clause defines the framework for a formal arrangement or compromise between a company and its creditors or shareholders, typically under the supervision of a court. This clause outlines the procedures for proposing, approving, and implementing such a scheme, including requirements for meetings, voting thresholds, and court approval. Its core practical function is to provide a structured and legally recognized process for reorganizing a company's debts or structure, often used to facilitate corporate restructuring or resolve financial distress.
Company scheme. The provisions of 2.2.1(a) and (b) and 2.2.2 can be developed further in a company scheme.
Company scheme. Notes to 2.2.1
Company scheme. Notes to 2.
2.1 Examples of hours that may be applied are any unused hours from the additional leave for older employees and annual leave entitlement left over from recent years. Examples of hours that may not be applied are hours that have already been scheduled in, hours that have been included in a work schedule (such as for shift work), mandatory holidays/scheduled paid hours off agreed in a collective agreement, the annual personal consecutive period of annual leave, and hours from an hour bank agreed with the works council or trade union. The provisions of 2.2.1(a) and (b) and 2.2.2 can be developed further in a company scheme.