PHI Scheme definition
Examples of PHI Scheme in a sentence
The Company may, on giving the Executive reasonable notice replace, change or withdraw the PMI Scheme and/or the PHI Scheme at any time as it thinks fit.
The Executive agrees and acknowledges that if the Appointment is so terminated, she may lose (without recourse to compensation against the Company or any Group Company) existing or prospective benefits under the PMI Scheme and/or PHI Scheme.
The Executive agrees and acknowledges that if the Appointment is so terminated, he may lose (without recourse to compensation against the Company or any Group Company) existing or prospective benefits under the PMI Scheme and/or PHI Scheme.
Any sick pay shall be paid at the rate of the Executive’s salary (less any deduction for statutory sick pay or other benefit or payments made under any PHI Scheme provided by the Company) and shall be made entirely at the discretion of the Company.
It is the intent of the company to comply with PHI Scheme requirements, while not unintentionally extending employment rights.
The Executive will be covered under the Company’s Permanent Health Insurance Scheme (the “PHI Scheme”), subject to the terms of the policy of the PHI Scheme.
Nothing in this agreement shall constrain or prevent the Employer from terminating the Executive’s employment, notwithstanding that the Executive is or may be entitled to receive benefit payments or other benefits under any PHI Scheme from time to time in force.
The provision of benefits under this Agreement shall continue for the period during which Salary is paid in whole or in part, but thereafter shall cease (save for benefits under the PHI Scheme, to the extent that such benefits would otherwise be payable, and benefits under clause 7.3 and clause 7.5).
Further, the Company shall be under no obligation to allow you to return to perform your duties if payments under the PHI Scheme are terminated for any reason.
In addition, once in receipt of payments under PHI Scheme you will not be entitled to any other contractual benefit (including, for the avoidance of doubt, contractual holiday, Company pension contributions, life assurance or medical insurance).