PENSION AND LIFE ASSURANCE. The Company operates a voluntary, contributory pension and life assurance scheme known as the AMEC Staff Pension Scheme. Subject to meeting the requirements laid down in the rules of the scheme, the Executive is entitled to remain a member. Full details of the scheme can be found in the AMEC Staff Pension Scheme booklet. The Executive is also entitled to membership of the AMEC Executive Pension Scheme. This tops up the Staff Scheme and the combined schemes provide the following: · payment without actuarial reduction from age 60;
PENSION AND LIFE ASSURANCE. 19.1 Arrival operates an auto enrolment pension scheme and Arrival will auto-enrol you into this scheme (subject to workplace pension obligations and regulations) and details will be provided to you when you join. Membership of the scheme is subject to the scheme rules as may be amended from time to time and Arrival may replace the scheme with another appropriate pension scheme at any time.
PENSION AND LIFE ASSURANCE. 10.1 The Executive may remain a member of the pension scheme operated by the Company, and of which he is a member, as at the date of this Agreement ("the Pension Scheme") subject to the rules of such scheme from time to time in force.
PENSION AND LIFE ASSURANCE. 5.1 The Executive shall be entitled to participate in the Company’s Defined Contribution Pension Scheme. Alternatively the Executive may elect to be paid a salary supplement (payable monthly in arrears at the same time as his Base Salary) of an amount equal to 30% of Base Salary (such amounts to be paid subject to any tax deductions required by law). The Executive may elect, subject always to the approval of the Board, that some or all of the salary supplement shall be paid as an employer contribution to a registered pension scheme nominated by the Executive.
PENSION AND LIFE ASSURANCE. 10.1 On an annual basis, on or around 31 December in each year (or within 30 days of the Termination Date on the last calendar year of the Employment), the Company will make a contribution to a HM Revenue & Customs approved personal pension scheme nominated by the Employee from time to time for that purpose equal to the sum of the contributions made thereto by the Employee in that calendar year up to a maximum of the lesser of £10,000 (pro rata for the final year of the Employment based on the proportion of that calendar year expired as at the Termination Date) and 5% of the Employee’s basic salary referred to in clause 9.1 earned during that calendar year (Remuneration).
PENSION AND LIFE ASSURANCE. Executive shall be entitled during the Term to participate in the following pension and life assurance arrangements:
PENSION AND LIFE ASSURANCE. The Executive shall be entitled to -------------------------- participate in the Company's pension and life assurance arrangements subject to the terms of the relevant deeds and rules from time to time details of which are obtainable from the Company
PENSION AND LIFE ASSURANCE. 9.1 The Employee shall not be eligible to participate in any pension schemes or plans provided to directors, senior executives or employees of any Group Company. In these circumstances and at the Remuneration Committee’s discretion, during the Employment the Company will pay the Employee a cash allowance equal to 30% of the Employee’s salary directly to the Employee, subject to such deductions as are Required by law (the Pensions Allowance). The Pensions Allowance will be paid in arrears in equal monthly instalments. For the avoidance of doubt, the Pensions Allowance does not form part of the Employee’s salary.
PENSION AND LIFE ASSURANCE. 19.1 The Company will contribute an amount equal to 4% of your annual basic salary, pro rata, to a pension on a monthly basis. Details of this scheme will follow shortly.
PENSION AND LIFE ASSURANCE. (a) The Executive may become a member of the Company’s Group Personal Pension Plan, subject to satisfying the eligibility criteria and subject always to the rules of the plan from time to time. Full details of the plan can be obtained from Human Resources.
