Common use of Incolink Clause in Contracts

Incolink. Redundancy (a) The Employer is, and will remain during the life of this Agreement, a member of the Redundancy Payment Approved Workers Entitlement Fund 2 (“Incolink Number 1 Fund”) of which Redundancy Payment Central Fund Ltd (“Incolink”) is trustee, and all the employees of the employer within the scope of this Agreement will be enrolled in the Incolink Number 2 Fund and be entitled to redundancy benefits in accordance with the terms of the Trust Deed. (b) The Employer shall pay contributions to the Incolink Number 2 Fund on behalf of each employee (other than apprentices) on a weekly basis in accordance with the Trust Deed. If Incolink nominates any other fund under clause 52.3(d) hereof, The Employer shall pay contributions to that fund on behalf of each employee on a weekly basis and in accordance with the constituting documents of that other fund. (c) An Employee is entitled to access his/her redundancy payments when they cease to be employed by the Employer. The amount of the redundancy payment shall be whichever is the greater of the entitlement due under the Building Award and the entitlement of the employee under the Incolink Number 2 Fund Trust deed (or under the constituting documents of any fund nominated by Incolink under clause 52.3(d) hereof). (d) The liability of the employer to pay redundancy payments to an employee under this clause will be met by the making of the contributions on behalf of each employee required as a member of the Incolink Number 2 Fund, or by another fund nominated by Incolink under clause 52.3(e) hereof.‌ (e) References in this clause to “Incolink Number 2 Fund” include a reference to another fund for comparable purposes nominated by Incolink for the purpose of this Agreement as a fund which supersedes the Incolink Number 2 Fund.

Incolink. Redundancy (a) The Employer Company is, and will remain during the life of this Agreement, a member of the Redundancy Payment Approved Workers Entitlement Fund 2 (“Incolink Number 1 2 Fund”) of which Redundancy Payment Central Fund Ltd (“Incolink”) is trustee, and all the employees of the employer within the scope of this Agreement Employees will be enrolled in the Incolink Number 2 Fund and be entitled to redundancy benefits in accordance with the terms of the Trust Deed. (b) The Employer Company shall pay contributions to the Incolink Number 2 Fund on behalf of each employee Employee (other than apprentices) on a weekly monthly basis in accordance with the Trust Deed. If Incolink nominates any other fund under clause 52.3(d) hereoffund, The Employer the Company shall pay contributions to that fund on behalf of each employee Employee on a weekly basis and in accordance with the constituting documents of that other fund. (c) An Employee All Employees for whom the Company pays contributions in to the Incolink Number 2 Fund is entitled to access his/her redundancy payments through this fund, when they cease to be employed by the EmployerCompany. The amount For the avoidance of the redundancy payment shall be whichever is the greater of the entitlement due under the Building Award and the entitlement of the employee under doubt, Employees covered by the Incolink Number 2 Fund Trust deed (or are not entitled to any other redundancy payment which exists under the constituting documents NES if their position is made redundant in accordance with terms of any fund nominated by Incolink under clause 52.3(d) hereof)this Agreement. (d) The liability of the employer Company to pay redundancy payments to an employee Employee under this clause or the Agreement will be met by the making of the contributions on behalf of each employee Employee required as a member of the Incolink Number 2 Fund, or by another fund nominated by Incolink under clause 52.3(e) hereof.‌Incolink. (e) References in this clause to “Incolink Number 2 Fund” include a reference to another fund for comparable purposes nominated by Incolink for the purpose of this Agreement as a fund which supersedes the Incolink Number 2 Fund. (f) Employees working less than 38 hours per week shall receive Incolink payments on pro rata basis.

Incolink. Redundancy (a) The Employer employer is, and will remain during the life of this Agreement, a member of the Redundancy Payment Approved Workers Entitlement Fund 2 (“Incolink Number 1 Fund”) of which Redundancy Payment Central Fund Ltd (“Incolink”) is trustee, and all the employees of the employer within the scope of this Agreement will be enrolled in the Incolink Number 2 Fund and be entitled to redundancy benefits in accordance with the terms of the Trust Deed. (b) The Employer employer shall pay contributions to the Incolink Number 2 Fund on behalf of each employee (other than apprentices) on a weekly basis in accordance with the Trust Deed. If Incolink nominates any other fund under clause 52.3(d51.3(d) hereof, The Employer the employer shall pay contributions to that fund on behalf of each employee on a weekly basis and in accordance with the constituting documents of that other fund. (c) An Employee employee is entitled to access his/her redundancy payments when they cease to be employed by the Employeremployer. The amount of the redundancy payment shall be whichever is the greater of the entitlement due under the Building Award and the entitlement of the employee under the Incolink Number 2 Fund Trust deed (or under the constituting documents of any fund nominated by Incolink under clause 52.3(d51.3(d) hereof). (d) The liability of the employer to pay redundancy payments to an employee under this clause will be met by the making of the contributions on behalf of each employee required as a member of the Incolink Number 2 Fund, or by another fund nominated by Incolink under clause 52.3(e51.3(e) hereof.‌hereof. (e) References in this clause to “Incolink Number 2 Fund” include a reference to another fund for comparable purposes nominated by Incolink for the purpose of this Agreement as a fund which supersedes the Incolink Number 2 Fund.