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. 10.1 There is a non-contributory Company Pension Scheme, details of which will be handed to you. There is not a contracting out certificate in force in respect of the Pension Scheme.
10.2 You may be entitled to participate at the Company’s expense in the Company’s:
10.2.1 life insurance scheme;
10.2.2 private medical expenses insurance scheme for the benefit of yourself, your spouse/civil partner and all dependent children in full time education; and
10.2.3 permanent health insurance scheme subject to the rules of the said schemes from time to time (and any replacement schemes provided by the Company) and subject to you (and where appropriate your spouse/civil partner and dependent children) being eligible to participate in or benefit from such schemes pursuant to their rules at a cost which is acceptable to the Company. The Company may in its discretion withdraw or amend any particular plan or scheme which has been introduced or substitute it with such other plans or schemes as it considers fit whether such substitute plans or schemes provide equivalent benefits or not. Your participation in these schemes is a benefit in respect of which you will be liable to pay income tax. No liability will accrue to the Company in the event that insurance cover for you is refused by the provider or any conditions or limitations to the benefit are applied by the provider. The Company’s sole obligations in respect of any insurance which may be offered from time to time is to pay the premiums from time to time required by the provider and to pay to you such sums (if any) as may from time to time be received by the Company from the provider in respect of any claim made by you under any scheme. For the avoidance of doubt the Company shall be under no obligation to take any action to enforce the terms of any insurance or otherwise to procure the benefit of any insurance for you.
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. 9.1 Subject to the rules of the relevant schemes from time to time in force (if applicable), Barclays will, during your Employment, provide you with the benefits set out below. For the avoidance of doubt, save for the benefits listed at Clause 9.1 (a), these benefits are provided at the discretion of Barclays, which shall have the right in its absolute discretion to amend or withdraw them at any time, and provision of them does not affect in any way Barclays right lawfully to terminate your Employment at any time under Clause 16 below. Unless stated otherwise, none of the amounts set out in this Clause 9 are pensionable:
(a) Barclays will, during your Employment, provide you with a monthly payment in lieu of pension contribution per month, subject to tax and applicable withholdings. The payment shall be equal to 33% of your basic salary and will be paid monthly at the same time as your salary. This payment shall be reduced by the amount of any contributions Barclays is required to make in respect of you under the Xxxxxxxx Xxx 0000 or any successor legislation in the relevant month. A contracting-out certificate is not in force in relation to your employment;
(b) In the event of your death whilst in the service of Barclays, a lump sum of four times basic salary at the date of death shall be payable (subject to tax where applicable);
(c) You will be eligible to participate in the Barclays car scheme, which provides the option of a car for personal and business use or a cash allowance. If you elect to take the cash allowance, it will be paid (less any applicable withholdings) in monthly instalments at the same time as salary;
(d) Private medical cover will be available through the Barclays Healthcare Trust/AXA-PPP, International Medical Plan or any substitute scheme operated by Barclays for its employees from time to time. All cover and treatment (including for the avoidance of doubt any treatment authorised prior to the Termination Date) will cease on the Termination Date;
(e) Barclays shall make a contribution towards costs in relation to tax reporting preparation and immigration legal support of up to a maximum of £25,000 per annum (in accordance with any policies on such matters as operated by Barclays from time to time). Any such contributions shall be paid by Barclays directly to the relevant service provider;
(f) You will be eligible to participate in Barclays Ill Health Income Plan or such similar plan which is operated by Barclays from time to time; ...
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. 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. 10.1 The Executive shall be eligible to participate in such pension arrangements, including the provisions for life assurance benefits (and on such terms) as the Remuneration Committee may from time to time determine and communicate to the Executive in its absolute discretion, subject to and in accordance with the rules of such arrangements (including those relating to auto-enrolment and lifetime and annual allowances) and the Company’s most recent Directors’ Remuneration Policy. Further details (including arrangements relating to salary sacrifice) can be obtained from the Company Secretary.
10.2 The Executive shall be eligible to participate in the following benefits schemes: private medical expenses scheme and personal accident scheme, subject to the terms and conditions of such schemes from time to time in force. Details of such scheme(s) can be obtained from the Company’s HR Policies and Procedures on Success Factors.
10.3 The Company reserves the right to terminate or substitute other scheme(s)/pension arrangements for such scheme(s)/pension arrangements or to amend the scale of benefits of such scheme(s)/pension arrangements including the level of benefits. If any scheme provider (including but not limited to any insurance company) refuses 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 any such benefits itself or any compensation in lieu thereof.
10.4 Any actual or prospective loss of entitlement to benefit under any long-term disability or private medical expenses benefits shall not limit or prevent the Company from exercising its right to terminate the Employment in accordance with Clauses 2 or 17 hereof.
10.5 To the extent that any benefit provided to the Executive under this Agreement is taxable, the Company shall, as appropriate, and if required by law, withhold an amount in respect of income tax and employee’s National Insurance Contributions due on the taxable value of that benefit.
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.
