ACCEPTED BY THE PROVIDER OF THE RELEVANT SCHEME:
8.3.1
PAY CONTRIBUTIONS IN RESPECT OF YOU TO A
PERMANENT HEALTH INSURANCE SCHEME ("PHI SCHEME") FOR INCOME PROTECTION COVER AT
75% OF BASIC SALARY PER YEAR, UP TO A MAXIMUM OF FIVE YEARS. THE COMPANY SHALL
ONLY BE OBLIGED TO MAKE PAYMENTS TO YOU UNDER THE SCHEME IF IT HAS RECEIVED
PAYMENT FROM THE
INSURANCE PROVIDER FOR THAT PURPOSE. IF YOU ARE RECEIVING BENEFITS UNDER THE
COMPANY'S PERMANENT HEALTH INSURANCE SCHEME:
YOU SHALL RESIGN AS A DIRECTOR OF
THE COMPANY OR ANY COMPANY IN THE GROUP IF SO REQUESTED BY THE COMPANY; AND
THE COMPANY SHALL BE ENTITLED TO
APPOINT A SUCCESSOR TO YOU TO PERFORM ALL OR ANY OF THE DUTIES REQUIRED OF YOU
UNDER THE TERMS OF YOUR EMPLOYMENT AND YOUR DUTIES SHALL BE AMENDED ACCORDINGLY.
8.3.2
PROCURE FOR YOU, SUBJECT TO MEDICAL
UNDERWRITING, LIFE ASSURANCE COVER WHICH, IN THE EVENT OF YOUR DEATH DURING THE
PERIOD OF YOUR EMPLOYMENT, WILL REALISE A LUMP SUM EQUAL TO FOUR TIMES YOUR
BASIC SALARY FOR THE TIME BEING PAYABLE UNDER THIS AGREEMENT OR EQUAL TO SUCH
OTHER LEVEL DETERMINED BY THE BOARD FROM TIME TO TIME IF THE INSURANCE PROVIDER
REFUSES FOR ANY REASON TO PROVIDE LIFE ASSURANCE BENEFIT TO YOU, THE COMPANY
SHALL NOT BE LIABLE TO PROVIDE YOU WITH ANY REPLACEMENT BENEFIT OF THE SAME OR
SIMILAR KIND OR TO PAY ANY COMPENSATION IN LIEU OF SUCH BENEFIT; AND
8.3.3
PAY PRIVATE MEDICAL INSURANCE SUBSCRIPTIONS
IN RESPECT OF YOU, FOR COVER AT SUCH RATES AND FOR SUCH BENEFITS AS MAY BE
DETERMINED BY THE BOARD FROM TIME TO TIME SUBJECT TO A PERSONAL CONTRIBUTION
DEDUCTED FROM YOUR BASIC SALARY WHICH SHALL BE AGREED FROM TIME TO TIME.
YOU
MAY WISH TO INCLUDE YOUR SPOUSE (OR PARTNER) AND DEPENDANTS IN THIS MEDICAL
INSURANCE SCHEME BUT WILL BE EXPECTED TO MAKE A CONTRIBUTION IN THIS REGARD AND
SUBJECT TO THEIR ELIGIBILITY TO PARTICIPATE IN OR BENEFIT FROM SUCH SCHEMES ON
TERMS WHICH ARE ACCEPTABLE TO THE COMPANY.
8.4
THE COMPANY WILL MAKE A CONTRIBUTION OF AN
EQUIVALENT OF 5% OF YOUR BASIC SALARY (SUBJECT TO ANY CAP ON PENSIONABLE SALARY
PUT IN PLACE FROM TIME TO TIME BY HMRC) INTO A GROUP PERSONAL PENSION (OR SUCH
OTHER HMRC) REGISTERED GROUP PERSONAL PENSION SCHEME AS MAY BE SET UP BY THE
COMPANY TO REPLACE ITS GROUP PERSONAL PENSION SCHEME). THE COMPANY'S
CONTRIBUTIONS TO SUCH SCHEME SHALL BE SUBJECT TO THE RULES OF THE SCHEME AND THE
TAX RELIEF AND EXEMPTIONS AVAILABLE FROM HMRC, AS AMENDED FROM TIME TO TIME AND
SUBJECT TO:
8.4.1
YOU SATISFYING CERTAIN ELIGIBILITY CRITERIA
8.4.2
THE RULES OF SUCH SCHEME AS AMENDED FROM
TIME TO TIME; AND
8.4.3
A PERSONAL CONTRIBUTION FROM YOU OF A
MINIMUM 2.5% OF YOUR SALARY.
THE RULES OF THE SCHEMES ARE AVAILABLE ON REQUEST FROM THE HUMAN RESOURCES
DEPARTMENT. A CONTRACTING OUR CERTIFICATE FOR THE PURPOSES OF THE PENSIONS
SCHEME ACT 1993 IS NOT IN FORCE IN RESPECT OF YOUR