Common use of The Contractor shall Clause in Contracts

The Contractor shall. 1.3.1.1 In respect of service from the Employee Transfer Date and at a date not later than one month prior to the Employee Transfer Date; (a) Establish, or have become party to an employee’s retirement benefit scheme that makes retirement provision which is approved or capable of approval by the Inland Revenue as an exempt approved scheme under Chapter 1 of Part XIV of the Income and Corporation Taxes Act 1988 and capable of receiving a transfer payment from the Public Sector Pension Scheme and certified by the Government Actuary’s Department or other actuary to be agreed between the Parties, to be broadly comparable to the Public Sector Pension Scheme (“THE CONTRACTOR’S Scheme”); or (b) Have entered into an Admission Agreement in respect of, or otherwise be able to provide a Relevant Transferring Member with membership of, a Public Sector Pension Scheme, where permissible by the rules of that scheme or in accordance with Fair Deal, or 1.3.1.1 (c) Xxxxxxxxx, or have become party to an employee’s retirement benefit scheme that makes retirement provision which is accepted in writing by each individual transferring employee as being adequate for their personal retirement provision.

The Contractor shall. 1.3.1.1 In respect of service from the Employee Transfer Date and at a date not later than one month prior to the Employee Transfer Date; (a) Establish, or have become party to an employee’s retirement benefit scheme that makes retirement provision which is approved or capable of approval by the Inland Revenue as an exempt approved scheme under Chapter 1 of Part XIV of the Income and Corporation Taxes Act 1988 and capable of receiving a transfer payment from the Public Sector Pension Scheme and certified by the Government Actuary’s Department or other actuary to be agreed between the Parties, to be broadly comparable to the Public Sector Pension Scheme (“THE CONTRACTOR’S Scheme”); or (b) Have entered into an Admission Agreement in respect of, or otherwise be able to provide a Relevant Transferring Member with membership of, a Public Sector Pension Scheme, where permissible by the rules of that scheme or in accordance with Fair Deal, or 1.3.1.1 (c) XxxxxxxxxEstablish, or have become party to an employee’s retirement benefit scheme that makes retirement provision which is accepted in writing by each individual transferring employee as being adequate for their personal retirement provision.