ACTUAL PAYMENT OF THE EXPENSES CONCERNED AS THE COMPANY REASONABLY REQUIRES. THE
COMPANY RESERVES THE RIGHT TO REQUIRE YOU TO SEEK PRE-APPROVAL OF EXPENSES OVER
A CERTAIN AMOUNT BEFORE REIMBURSEMENT WILL BE MADE. ANY CREDIT CARD SUPPLIED TO
YOU BY THE COMPANY SHALL BE USED SOLELY FOR EXPENSES INCURRED BY YOU IN THE
REASONABLE AND PROPER PERFORMANCE OF YOUR DUTIES AND SHALL BE RETURNED TO THE
COMPANY ON THE TERMINATION DATE OF THIS AGREEMENT.
11.
BENEFITS
11.1
PRIVATE MEDICAL INSURANCE: THE COMPANY SHALL PAY YOU AN ALLOWANCE
OF UP TO £250 PER MONTH, LESS INCOME TAX AND EMPLOYEE NATIONAL INSURANCE,
TOWARDS THE COST OF YOUR PURCHASING OR CONTINUING A PRIVATE MEDICAL INSURANCE
POLICY. IF YOUR PRIVATE MEDICAL INSURANCE COSTS MATERIALLY INCREASE, OR IN THE
OCCURRENCE OF A LIFE EVENT, SUCH AS MARRIAGE, BIRTH, ADOPTION, DIVORCE OR DEATH,
THE COMPANY WILL CONSIDER WITH YOU AT THE TIME WHETHER AN INCREASE IN THIS
ALLOWANCE IS APPROPRIATE.
11.2
PENSION:
THE COMPANY AGREES TO MAKE A MONTHLY EMPLOYER PENSION
CONTRIBUTION
EQUIVALENT TO 3% OF YOUR BASIC MONTHLY SALARY, DIRECT TO A PRIVATE
PENSION PLAN NOMINATED BY YOU. THE COMPANY WILL INCREASE ITS MONTHLY EMPLOYER
PENSION CONTRIBUTION TO UP TO 5% OF YOUR BASIC SALARY, PROVIDED YOU AGREE TO
MAKE MATCHING EMPLOYEE PENSION CONTRIBUTIONS. THE COMPANY HOWEVER RESERVES THE
RIGHT AT ANY TIME, TO CEASE ANY
SUCH CONTRIBUTIONS AND INSTEAD INVITE YOU TO
JOIN ITS OWN PENSION PLAN, (SHOULD IT DECIDE TO ESTABLISH ONE), OR ANY
GOVERNMENT SCHEME, OFFERING THE SAME LEVEL OF EMPLOYER PENSION CONTRIBUTIONS.
YOUR PARTICIPATION IN ANY FUTURE COMPANY PENSION PLAN OR ANY GOVERNMENT SCHEME
WOULD BE SUBJECT TO THE RULES OF THE PLAN OR SCHEME AS AMENDED FROM TIME TO
TIME. THE COMPANY HAS NOT OPTED TO CONTRACT OUT OF THE STATE EARNINGS RELATED
PENSION SCHEME AND A CONTRACTING OUT CERTIFICATE IS NOT IN FORCE IN RESPECT OF
YOUR EMPLOYMENT UNDER THIS AGREEMENT.
11.3
BONUS:
HCN OPERATES A DISCRETIONARY BONUS PLAN, UNDER WHICH BONUS
MAY BE AWARDED TO YOU, IF YOU AND HCN ACHIEVE TARGETS ESTABLISHED BY HCN ON AN
ANNUAL BASIS, TO HCN'S SATISFACTION. ANY BONUS AWARDED WILL BE OF SUCH AMOUNT AS
HCN IN ITS ABSOLUTE DISCRETION THINKS FIT. THE BONUS RANGE FOR YOUR POSITION IS
(A) UP TO 50% OF BASIC SALARY (LOWER RANGE); (B) AT 50% OF BASIC SALARY (MID
RANGE); AND (C) UP TO 75% OF BASIC SALARY (TOP RANGE), BUT SUBJECT ALWAYS TO THE
SUCCESSFUL ACHIEVEMENT OF CORPORATE AND INDIVIDUAL TARGETS AND SUBJECT TO CLAUSE
22.3 BELOW. (FOR THE AVOIDANCE OF DOUBT, THE BONUSES ARE NOT CUMULATIVE AND IF
YOU ARE DUE A BONUS IT WILL BE IN ONE OF THE CATEGORIES (A), (B) OR (C) ABOVE).
THIS BONUS RANGE EQUATES TO A BONUS OF UP TO £137,500 (LOWER RANGE), AT £137,500
(MID RANGE) AND UP TO £206,250 (TOP RANGE).
THE BONUS YEAR RUNS CONCURRENTLY
WITH THE CALENDAR YEAR AND IF LESS THAN A FULL BONUS YEAR IS WORKED, ANY BONUS
WOULD BE CALCULATED ON A PRO-RATA BASIS. ANY BONUS AWARDED WOULD BE PAID