Common use of RIGHTS OF THE EMPLOYER Clause in Contracts

RIGHTS OF THE EMPLOYER. The Employer shall be entitled at any time to terminate or vary the Scheme or the Executive’s membership of it.

Appears in 6 contracts

Samples: Executive Service Agreement (Lloyds Bank PLC), Executive Service Agreement (Lloyds Banking Group PLC), Executive Service Agreement (Lloyds Bank PLC)

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RIGHTS OF THE EMPLOYER. The Employer shall be entitled at any time to terminate or vary the Current Scheme or the New Scheme or the Executive’s membership of itit provided that if it does so before the Change Date it will provide an alternative pension scheme for the Executive to participate in.

Appears in 3 contracts

Samples: Executive Service Agreement (Lloyds Banking Group PLC), Executive Service Agreement (Lloyds Banking Group PLC), Executive Service Agreement (Lloyds Banking Group PLC)

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