Contractor Scheme Sample Clauses
The Contractor Scheme clause defines the framework under which contractors are engaged to perform work or services for a company, typically as independent entities rather than employees. This clause outlines the terms governing the contractor's responsibilities, payment arrangements, and compliance with relevant laws or regulations, such as tax or insurance obligations. Its core practical function is to clearly distinguish the contractor relationship from employment, thereby allocating risk and ensuring both parties understand their rights and obligations under the arrangement.
Contractor Scheme. 3.7.1 The Contractor will or will procure that any relevant Subcontractor will not later than the Relevant Transfer Date or the Cessation Date (as the case may be) nominate to the Employer in writing the occupational pension scheme or schemes which it proposes will be “the Contractor Scheme” for the purposes of this paragraph 3.7. Such pension scheme or schemes must be:
3.7.1.1 established within 3 months prior to the Relevant Transfer Date or as soon as reasonably practicable after the Cessation Date (as the case may be) and maintained until any payment to be made under Part 2 of this schedule (Bulk Transfer Terms) is made,
3.7.1.2 reasonably acceptable to the Employer (such acceptance not to be unreasonably withheld or delayed),
3.7.1.3 registered within the meaning of the Finance ▇▇▇ ▇▇▇▇ and
3.7.1.4 certified by the Government Actuary’s Department or an actuary nominated by the Employer in accordance with relevant guidance produced by the Government Actuary’s Department as providing benefits which are the same as, broadly comparable to, or better than those benefits provided by the LGPS.
3.7.2 The Contractor undertakes to the Employer (for the benefit of the Employer itself and for the Employer as agent and trustee for the benefit of the Eligible Employees) that it will and will procure that any relevant Subcontractor will procure that:
3.7.2.1 the Eligible Employees will by 3 months before the Relevant Transfer Date or as soon as reasonably practicable after the Cessation Date (as the case may be) be offered membership of the Contractor Scheme with effect from and including the Relevant Transfer Date or Cessation Date (as the case may be),
3.7.2.2 the Contractor Scheme will provide benefits in respect of the Eligible Employees’ periods of service on and after the Relevant Transfer Date or Cessation Date (as the case may be) which the Government Actuary’s Department or an actuary nominated by the Employer in accordance with relevant guidance produced by the Government Actuary’s Department will certify to be the same as, broadly comparable to or better than the benefits which the Eligible Employees were entitled to under the LGPS at the Relevant Transfer Date or the Cessation Date (as the case may be). In the case of Eligible Employees who are Transferring Original Employees, the benefits provided from the Relevant Transfer Date must be the same as, broadly comparable to or better than the benefits provided by their pension scheme immediately before the...
Contractor Scheme. 33.13.1 The Contractor shall or shall procure that any relevant Sub-Contractor shall not later than the Relevant Transfer Date or the Cessation Date (as the case may be) nominate to the Councils in writing the occupational pension scheme or schemes which it proposes shall be the Contractor Scheme for the purposes of this Clause
Contractor Scheme. Where this clause 1.164 applies pursuant to clause 1.163, the following shall apply:
Contractor Scheme. 3.1 The Contractor shall not later than the Relevant Transfer Date nominate to the Authority in writing the occupational pension scheme or schemes which it proposes shall be “the Contractor Scheme” for the purposes of this Clause 16A.
3.1. Such pension scheme or schemes must be:
(a) established prior to the Relevant Transfer Date and maintained for so long as the Contractor employs any Eligible Employees in connection with the provision of the Services;
(b) registered within the meaning of the Finance ▇▇▇ ▇▇▇▇;
(c) certified by the Government Actuary's Department or an actuary nominated by the Authority as providing benefits which are broadly comparable to those provided by the LGPS; and
(d) capable of accepting a transfer payment or a bulk transfer payment from the First Contractor’s Pension Scheme.
Contractor Scheme. 7.1. Where this Clause 7 applies pursuant to Clause 6, the following shall apply:
Contractor Scheme. The Contractor will or will procure that any relevant Subcontractor will not later than the Relevant Transfer Date or the Cessation Date (as the case may be) nominate to the Employer in writing the occupational pension scheme or schemes which it proposes will be “the Contractor Scheme” for the purposes of this paragraph 3.7. Such pension scheme or schemes must be:
Contractor Scheme. Where this clause 24.9.7 applies pursuant to clause 24.9.5 above, or where the Contractor or Sub-Contractor employs Eligible Employees and wishes to offer these Eligible Employees membership of an occupational pension scheme instead of the LGPS, the Contractor shall, and shall procure that any relevant Sub-Contractor shall, not later than the Relevant Transfer Date or the Cessation Date (as the case may be) nominate to the Authority in writing the occupational pension scheme or schemes which it proposes shall be the “Contractor Scheme” for the purposes of this clause 24.9.