Band Earnings definition
Band Earnings means that part of the Earnings of a Member in a pay period which exceeds the Lower Earnings Limit but not the Upper Accrual Point applicable at the end of the relevant pay period (or the Prescribed Equivalents if the Member is paid otherwise than weekly). Earnings shall be calculated for this purpose as if the section of the definition of Earnings which follows the heading "cap on increases to Earnings from 1 April 2011" was omitted from the definition. In the event that either or both of the Lower Earnings Limit or the Upper Accrual Point ceases to be available, Band Earnings shall be such amount as the Company reasonably notifies the Trustees it would have been had no changes to the relevant legislation been made (such that the Lower Earnings Limit and the Upper Accrual Point had continued to be available and adjusted from time to time in accordance with previous government policy).