PENSION AND OTHER BENEFITS Sample Clauses

PENSION AND OTHER BENEFITS. 7.1 The Company shall match the Executive’s contributions in accordance with the Company’s Group Personal Pension Plan (the “Company Pension”) subject to its rules from time to time in force and any statutory limits imposed from time to time. Details of the Company Pension can be obtained from the HR Department. The Company reserves the right to vary the benefits payable under the Company Pension or, terminate, or substitute another pension scheme for the existing Company Pension at any time. 7.2 There is no contracting out certificate in place in respect of the Employment. 7.3 The Executive shall be eligible to participate in the private health care, permanent health care and life assurance schemes which the Company may maintain for the benefit of its senior employees (the “Schemes”) subject to the rules of the Schemes and the terms of any related policy of insurance from time to time in force. Further details of the Schemes and the benefits currently available can be obtained from the HR department. This is for information only and should not be regarded as any guarantee of benefits which may be paid under the Schemes. 7.4 The Company reserves the right, at its absolute discretion, to change the Schemes providers, to amend the terms of the Schemes (including but not limited to the level of benefits), to terminate the Schemes without replacement, to substitute other schemes for the Schemes and to remove the Executive from membership of the Schemes. 7.5 The Company shall be under no obligation to make any payment under the Schemes to the Executive unless and until it has received the relevant payment from the Schemes’ providers. If any of the Schemes providers refuse for any reason (whether based on its own interpretation of the terms of the insurance policy or otherwise) to provide any benefits to the Executive, the Company shall not be liable to provide replacement benefits itself or any compensation in lieu and shall be under no obligation to pursue a claim for unpaid benefits on behalf of the Executive against the Schemes providers. 7.6 The Company reserves the right to terminate the Executive’s employment, where it has good cause to do so (including but not limited to where the Executive is redundant or has committed misconduct), notwithstanding that the Executive is receiving benefits under the Schemes and that such termination may result in those benefits being discontinued. The Executive agrees that he shall have no claim against the Company for da...

PENSION AND OTHER BENEFITS. 8.1. The Executive will be entitled to participate in the Company’s pension scheme subject to and upon the rules of the pension scheme from time to time in effect. A copy of the rules of the pension scheme can be obtained from the Company on request. 8.2. The Company will contribute in equal monthly instalments an amount equal to 5% of the Executive’s basic salary (or, if less, the maximum amount permitted by the Inland Revenue) during each year of his employment under this Agreement to the pension scheme referred to in Clause 8.1; PROVIDED THAT, as a condition of making such contribution, the Company may require the Executive to contribute 5% of his basic salary to such pension scheme. 8.3. There is no contracting out certificate in force in respect of the Executive’s employment under the provisions of the Pxxxxxx Xxxxxxx Xxx 0000. 8.4. During the Executive’s employment the Company will provide the Executive at the Company’s expense with Death in Service Benefit at the rate of 4 times basic salary under the Company’s scheme subject to and upon the rules of the scheme from time to time in force and to the Executive being eligible to participate in or benefit from the scheme. 8.5. During the Executive’s employment the Company will provide the Executive and his immediate family at the Company’s expense with cover under the Company’s Private Healthcare Scheme subject to and upon the rules of the said scheme from time to time in force and to the Executive (and where appropriate the Executive’s family) being eligible to participate in or benefit from the scheme. 8.6. In respect of the benefits provided to the Executive under this Clause 8 the Company reserves the right to terminate or substitute other schemes for them or amend the scale or level of benefits.

PENSION AND OTHER BENEFITS. No pension contributions shall be paid by the Company on behalf of the Executive. The Executive will however be entitled to private health insurance for the benefit of himself and his two daughters during the term of this Agreement.

PENSION AND OTHER BENEFITS. 23.01 a) In accordance with Section 10 of the Pilotage Act, the pilots shall be entitled to the coverage and the benefits provided by the Public Service Superannuation Act.

PENSION AND OTHER BENEFITS. Pension 4.1 Pension arrangements until Change Date Until the Change Date (as defined in paragraph 4.2) (or leaving Employment, if earlier), the Executive shall be entitled to continue to participate in the Lloyds TSB Group Pension Scheme No.2 Pension Investment Plan (the “Current Scheme”) subject to and in accordance with the terms of its deed and rules from time to time. Subject to this (including in particular to the rights of any person to amend or terminate the Current Scheme) and to the remainder of this Clause 4, the Executive’s membership will A10192287/0.1/25 Nov 2008 continue on the basis applicable to the Executive immediately prior to the date of the Agreement save that the Employer’s contribution will be 25% of the Executive’s annual salary as set out in Clause 3.1 above. If the Executive is receiving a pension allowance instead of or in addition to contributions to a Lloyds TSB Group Pension Scheme the Executive will continue to do so on the same basis as applied immediately prior to the date of the Agreement. Currently, a Contracting-Out Certificate pursuant to the provisions of the Pensions Act 1995 is in force in respect of the Executive’s employment.

PENSION AND OTHER BENEFITS. 10.1 The Company shall pay a sum equal to 8%? per cent of the Executive’s then current salary in each year of his employment (with a pro rata payment in respect of part of the year) to a personal pension scheme which has been established by the Company for his benefit or into such other personal pension scheme as the Executive may direct. There is no contracting out certificate in force in respect of the Executive’s employment. 10.2 The payments referred to in clause 10.1 will be made monthly. 10.3 The Executive and the members of his household will be eligible for inclusion in the Company’s private medical scheme. The Executive may elect to have cover provided for members of his household. 10.4 The Executive will be covered by the Company’s permanent health insurance scheme.

PENSION AND OTHER BENEFITS. Pension 4.1 Pension arrangements until 5 April 2012

PENSION AND OTHER BENEFITS. 7.1 The Executive is eligible for membership of the Pension Scheme subject to the rules of the Pension Scheme from time to time. The Company shall contribute to the Pension Scheme at a rate according to its discretion acting on the advice of the Actuary as defined in the rules of the Pension Scheme. The Executive's contributions to the Pension Scheme will be deducted from his salary and paid by the Company to the trustees of the Pension Scheme subject to any Inland Revenue limits and in accordance with the rules of the Pension Scheme. A copy of these rules will be supplied by the Company on request. 7.2 A contracting-out certificate under the Xxxxxxx Xxxxxxx Xxx 0000 is not in force for the Executive's employment. 7.3 During the Term, the Company shall pay in respect of the Executive, his spouse and dependent children up to the age of 18 years of age premiums to a private medical insurance scheme in accordance with the information describing the Company's medical insurance arrangements which has already been supplied to the Executive. 7.4 During the Term the Executive shall participate at the Company's expense in such life and personal accident/injury insurance schemes as the Company shall from time to time maintain for the benefit of senior executives. 7.5 Any benefits available under clauses 7.3 and 7.4 above are subject to the rules of the relevant scheme from time to time in force.

PENSION AND OTHER BENEFITS. 10.1 Subject to (a) the provisions of section 638 of the Income and Corporation Taxes Act 1988 and (b) the payment by the Executive of a sum equal to four per cent of the Executive’s then current salary in each year of his employment into the same, the Company shall pay a sum equal to eight per cent of the Executive’s then current salary in each year of his employment (with a pro rata payment in respect of part of the year) to a personal pension scheme which has been established by the Company for his benefit or into such other personal pension scheme as the Executive may direct. There is no contracting out certificate in force in respect of the Executive’s employment 10.2 The payments referred to in clause 10.1 will be made monthly. 10.3 During the continuance of the Executive’s employment the Company shall effect insurance policies and shall pay all premiums due hereon in respect of the life of the Executive which shall be insured in the sum equivalent to four times the Executive’s salary from time to time, to enure for the benefit of the Executive’s estate and successors. 10.4 The Executive and the members of his household will be eligible for inclusion in the Company’s private medical scheme. If the Executive elects to join it the Company will pay the subscription for the Executive personally at the normal level selected for directors of the Company. The Executive may elect to have cover provided for members of his household. The Executive will be required to pay all additional subscriptions, which the Company will recover by monthly deductions from the Executive’s salary. 10.5 The Executive will be covered by the Company’s permanent health insurance scheme. 10.6 The Executive shall be entitled to be reimbursed for all reasonable expenses incurred in the preparation and filing of his annual tax return with the United States Internal Revenue Service, provided that any amount over £3,500 (plus VAT) per annum must first be approved in writing by the Company’s financial controller or chief financial officer from time to time. For the avoidance of doubt, nothing in this clause shall oblige the Company to reimburse to the Executive any sum in respect of taxation actually paid or payable to the Unites States Internal Revenue Service or other taxation authority in the United States. 10.7 All of the benefits referred to in this clause 10 shall commence with effect from, and shall not be payable until, the earlier of a Listing, Business Sale or Private Round.

PENSION AND OTHER BENEFITS. Pension 4.1 The Executive shall be eligible to participate in Your Tomorrow (the “Scheme”). The Executive’s membership of the Scheme, including the contributions payable by and on behalf of the Executive, will be subject to and in accordance with the terms of its governing documentation in force from time to time (including in particular to the rights of any person to amend or terminate the Scheme) except that: (a) subject to (b), employer contributions to the Scheme in respect of the Executive will be at the rate of 25% of the Executive’s annual salary referred to in Clause 3 from time to time; (b) the Executive must contribute to the Scheme at the rate of 3% of the Executive’s annual salary referred to in Clause 3 from time to time; (c) any provisions under the Scheme for the Employer to pay additional contributions to the Scheme linked to the level of contributions by a member will not apply to the Executive. If the Executive does not join the Scheme or subsequently opts out, the Employer will pay the Executive an amount equal to 25% of the annual salary referred to in Clause 3 from time to time as a non-pensionable cash supplement. The Employer may also at its option permit the Executive to opt for contributions to be paid to the Scheme at a rate less than 25% of the annual salary referred to in Clause 3 with the balance of this amount being paid as a non-pensionable cash supplement. The Employer may impose restrictions including, without limitation, a minimum amount which must be paid as pension contributions. The Executive acknowledges that in signing this contract the Executive will be deemed to have opted out of the “personal accounts” arrangements due to be implemented from 2012 in the United Kingdom (except and to the extent that this is the arrangement which the Employer designates as the Scheme). Currently, a Contracting-Out Certificate pursuant to the provisions of the Pensions Act 1995 is not in force in respect of the Executive’s employment. The contribution paid by the Employer will not be taken into account for the purposes of calculating bonus or other such payments as provided for in Clause 3 above.