Examples of Admitted Person in a sentence
An Admitted Person or an Eligible Employee may enforce any rights to membership or continued membership of the Schemes against the Admitted Body.
The Admitted Body hereby agrees and acknowledges that save for the Eligible Employees, none of its employees shall be eligible to seek or retain admission under this Agreement as an Admitted Person to the Schemes.
The Admitted Body undertakes to promptly (and in any event within 28 days) give notice in writing to the Scheme Manager and the Scheme Administrator of any Admitted Person who (1) ceases to be an Eligible Employee by virtue of Clause 3.2 or (2) chooses to opt out of the Pension Schemes.
The Admitted Body hereby undertakes to the Minister and the Contracting Authority that each Eligible Employee not being an Admitted Person will be automatically enrolled into either the PCSPS or CSOPS (as appropriate) in accordance with the terms of the Pension Schemes and in compliance with the requirements of legislation in each subsequent automatic enrolment period for so long as the employee remains an Eligible Employee.
The Admitted Body shall not grant an additional period of membership or additional pension in respect of any Admitted Person, which would result in an increase in the Schemes’ liabilities, save to the extent that such sum as calculated by the Scheme Actuary is paid by the Admitted Body to the Minister.
Termination or cessation of this Agreement will automatically end an Admitted Person’s participation in the Schemes under this Agreement in respect of future service unless such Admitted Person/ Eligible Employee has transferred to another body and is continuing to provide services which are covered by an Admission Agreement.
The Admitted Body shall not grant an additional period of membership or additional pension in respect of any Admitted Person which would result in an increase in the Schemes’ liabilities, save to the extent that the appropriate sum as notified to the Admitted Body by the Scheme Actuary is paid by the Admitted Body to the Minister.
An employee who remains an Eligible Employee shall become an Admitted Person from such date (or dates) as may be agreed between the Admitted Body, the Contracting Authority and the Minister.
This Agreement will automatically terminate upon the earlier of the below events: the last Admitted Person ceasing to be an active member of any of the Schemes under this Agreement, provided that no Eligible Employee remains, in which case termination shall only occur when no Eligible Employee remains eligible to participate; termination of the Contract unless the Admitted Body continues to provide the Service in whole or part where these have been retendered by the Contracting Authority.
The Admitted Body hereby undertakes to the Department and the Contracting Authority that each Eligible Employee not being an Admitted Person will be automatically enrolled into either the PCSPS(NI) or alpha (as appropriate) in accordance with the terms of the Pension Schemes and in compliance with the requirements of legislation in each subsequent automatic enrolment period for so long as the employee remains an Eligible Employee.