FYB Flex Clause Samples

FYB Flex. The Company has a flexible benefits program known as FYB Flex, access to which is obtained through the Company's intranet. FYB Flex details your core benefits and allows you to choose to contribute to a range of additional benefits as well as nominating your beneficiaries for the Life Assurance Scheme. The month after you join the Company you will receive an invitation to enable you to access FYB Flex and amend or chose additional benefits including selecting personal pensions contributions. Some of your benefits, including any employee pension contributions, are provided via salary sacrifice. Under salary sacrifice you will receive a lower gross salary in return for the provision of the benefit. Subject to the rules of the scheme including any provider requirements, you will be entitled to participate in the Company's Healthcare and life assurance schemes. You are able to extend Healthcare cover to include your partner and/or dependent children, or increase the amount of life insurance cover, on the FYB Flex site. Please ensure that you input your nominated beneficiaries. You are also entitled to a standard annual health screen, which you can upgrade via salary sacrifice. Full details of salary sacrifice, benefits and the terms upon which they are provided are available through the FYB Flex site.