FUTURE SERVICE BENEFITS Sample Clauses

FUTURE SERVICE BENEFITS. If the Supplier is rejoining the Schemes for the first time, the Supplier shall procure that the Fair Deal Employees shall be either admitted to or offered continued membership of the relevant section of the Schemes that they became eligible to join on the Relevant Transfer Date and shall continue to accrue or accrue benefits in accordance with the provisions governing the relevant section of the Schemes for service from (and including) the Relevant Transfer Date. If staff have already been readmitted to the Schemes, the Supplier shall procure that the Fair Deal Employees, shall be either admitted into, or offered continued membership of, the relevant section of the Schemes that they currently contribute to, or were eligible to join immediately prior to the Relevant Transfer Date and the Supplier shall procure that the Fair Deal Employees continue to accrue benefits in accordance with the provisions governing the relevant section of the Schemes for service from (and including) the Relevant Transfer Date. The Supplier undertakes that should it cease to participate in the Schemes for whatever reason at a time when it has Eligible Employees, that it will, at no extra cost to the Customer, provide to any Fair Deal Employee who immediately prior to such cessation remained an Eligible Employee with access to an occupational pension scheme certified by the Government Actuary’s Department or any actuary nominated by the Customer in accordance with relevant guidance produced by the Government Actuary’s Department as providing benefits which are broadly comparable to those provided by the Schemes at the relevant date. The Parties acknowledge that the Civil Service Compensation Scheme and the Civil Service Injury Benefit Scheme (established pursuant to section 1 of the Superannuation Act 1972) are not covered by the protection of New Fair Deal.
AutoNDA by SimpleDocs
FUTURE SERVICE BENEFITS. The Supplier shall procure that the Fair Deal Employees, shall be either admitted into, or offered continued membership of, the relevant section of the Schemes that they currently contribute to, or were eligible to join immediately prior to the Relevant Transfer Date and the Supplier shall procure that the Fair Deal Employees continue to accrue benefits in accordance with the provisions governing the relevant section of Schemes for service from (and including) the Relevant Transfer Date. The Supplier undertakes that should it cease to participate in the Schemes for whatever reason at a time when it has Eligible Employees, that it will, at no extra cost to the Customer, provide to any Fair Deal Employee who immediately prior to such cessation remained an Eligible Employee with access to an occupational pension scheme certified by the Government Actuary’s Department or any actuary nominated by the Customer in accordance with relevant guidance produced by the Government Actuary’s Department as providing benefits which are broadly comparable to those provided by the Schemes at the relevant date. The Parties acknowledge that the Civil Service Compensation Scheme and the Civil Service Injury Benefit Scheme (established pursuant to section 1 of the Superannuation Act 1972) are not covered by the protection of New Fair Deal.
FUTURE SERVICE BENEFITS. Subject to compliance by the Customer with paragraph 160.1 of this Annex, the Supplier shall procure that the Transferring Employees who are members or eligible to be members of the PCSPS shall be either automatically enrolled in or offered continued membership of the relevant section of the PCSPS that they currently contribute to or would have become eligible to join immediately prior to the Relevant Transfer Date and shall continue to accrue or accrue benefits in accordance with the provisions governing the relevant section of PCSPS for service from (and including) the Relevant Transfer Date. The Supplier shall procure that there shall be provided for each Transferring Employee, as far as practicable, on termination of employment by the Supplier on or after the Relevant Transfer Date, continued rights under, or rights which replicate those to which such Transferring Employee would have been entitled under, the Civil Service Compensation Scheme (pursuant to section 1 of the Superannuation Act 1972) had he remained in the employment of the Customer or, if any such Transferring Employee cannot be given in any respect such equivalent rights to which he would have been entitled under the Civil Service Compensation Scheme, he shall be provided with compensation by the Supplier that is broadly comparable or of equal value to the lost entitlement.
FUTURE SERVICE BENEFITS. The Contractor and the Authority undertake to do all such things and execute any documents as may be required to enable the Contractor to become a Participation Body in the Scheme in respect of the Fair Deal Employees. The Contractor shall bear its own costs and all costs that the Authority reasonably incurs in connection with the negotiation, preparation and execution of documents to facilitate the Contractor becoming a Participation Body in the Scheme. If the contracts of the Fair Deal Employees transfer to any Employing Sub-Contractor (or more than one Employing Sub-Contractor) by virtue of the operation of TUPE, any successor Legislation or otherwise, the Contractor shall procure that such employer of the Fair Deal Employees shall comply with and discharge the obligations of the Contractor set out in paragraph 3 (Pensions).
FUTURE SERVICE BENEFITS. 2.1 If the Supplier is rejoining the Schemes for the first time, the Supplier shall procure that the Fair Deal Employees shall be either admitted to or offered continued membership of the relevant section of the Schemes that they became eligible to join on the Relevant Transfer Date and shall continue to accrue or accrue benefits in accordance with the provisions governing the relevant section of the Schemes for service from (and including) the Relevant Transfer Date.
FUTURE SERVICE BENEFITS. The Contractor shall procure that the Fair Deal Employees shall: in the case of an employee who is a member of or eligible to be a member of the Scheme as at the Relevant Vesting Date, procure continued membership of the Scheme to which they currently contribute, and shall continue to accrue benefits in accordance with the provisions governing the Scheme for service from (and including) the Relevant Vesting Date whilst the individuals remain Eligible Employees under the governing documentation of the Scheme. The Contractor undertakes that should it cease to participate in the Scheme for whatever reason at a time when it has Fair Deal Employees who are Eligible Employees, it will, at no extra cost to the Authority, provide to any Fair Deal Employee who immediately prior to such cessation remained an Eligible Employee with access to an occupational pension scheme certified by the Government Actuary's Department or any actuary nominated by the Authority in accordance with relevant guidance produced by the Government Actuary's Department as providing benefits which are broadly comparable to those provided by the Scheme at the relevant date. Not Used.
FUTURE SERVICE BENEFITS. 3.1 The Trust shall procure that the Eligible Employees, shall be admitted into, or offered continued membership of, the Scheme that they currently contribute to, or were eligible to join immediately prior to the Relevant Transfer Date and the Trust shall procure that the Eligible Employees continue to accrue benefits in accordance with the provisions governing the Scheme for service from (and including) the Relevant Transfer Date.
AutoNDA by SimpleDocs
FUTURE SERVICE BENEFITS. The Buyer will, and will procure that the Buyer's Scheme will, make the offers described below and provide as at and from the Joining Date the benefits described below in respect of persons who accept the offers. Each Employee will be offered, in relation to employment from and after the Joining Date, membership of the Buyer's Scheme on the following basis:
FUTURE SERVICE BENEFITS. 2.1 If the Agency is rejoining the Schemes for the first time, the Agency shall procure that the Fair Deal Employees shall be either admitted to or offered continued membership of the relevant section of the Schemes that they became eligible to join on the Relevant Transfer Date and shall continue to accrue or accrue benefits in accordance with the provisions governing the relevant section of the Schemes for service from (and including) the Relevant Transfer Date.
FUTURE SERVICE BENEFITS. 31. The Purchaser will, in accordance with the procedure in paragraph 6, make the offers described below and will provide or secure the provision of the benefits described below in respect of each person who accepts the offers. Each Employee will be offered, in relation to employment from and after the Joining Date, membership of the Purchaser's Scheme. Subject to the power of amendment and discontinuance under the Purchaser's Scheme but in any event for a period of not less than two years following Completion the Company will make the following payments in respect of the aggregate of the Employees who elect to join the Purchaser's Scheme to provide retirement and risk benefits:-
Time is Money Join Law Insider Premium to draft better contracts faster.