Car Schemes Sample Clauses
The 'Car Schemes' clause defines the terms and conditions under which employees may be provided with vehicles as part of their employment benefits. Typically, this clause outlines eligibility criteria, the types of vehicles available, responsibilities for maintenance and insurance, and any tax implications for the employee. By clearly setting out these provisions, the clause ensures both employer and employee understand their rights and obligations, thereby minimizing disputes and ensuring compliance with relevant policies and regulations.
Car Schemes. The same arrangements will apply to members of the Company’s Executive Car Scheme as apply to Executives retiring at the normal retirement age and in accordance with the rules under RBSelect.