Common use of Pension Scheme Clause in Contracts

Pension Scheme. 12.1 The Company agrees to contribute 10% of your Salary in equal monthly installments to an appropriate and qualified personal pension plan nominated by you. This contribution is conditional upon your making monthly contributions equal to 2.5% of your Salary to the said plan. You agree that your contributions to the plan may be made by the Company making the relevant deductions from your Salary and paying the required amount into the plan on your behalf. The said contributions are subject to the rules of the plan as amended from time to time and will be capped at Inland Revenue limits. No Contracting Out certificate is in force in respect of employment with the Company.

Appears in 2 contracts

Sources: Employment Agreement (Emergent BioSolutions Inc.), Employment Agreement (Emergent BioSolutions Inc.)

Pension Scheme. 12.1 The Company agrees to contribute 10% of your Salary in equal monthly installments instalments to an appropriate and qualified personal pension plan nominated by you. This contribution is conditional upon your making monthly contributions equal to 2.5% of your Salary to the said plan. You agree that your contributions to the plan may be made by the Company making the relevant deductions from your Salary and paying the required amount into the plan on your behalf. The said contributions are subject to the rules of the plan as amended from time to time and will be capped at Inland Revenue limits. No Contracting Out certificate is in force in respect of employment with the Company.

Appears in 1 contract

Sources: Employment Agreement (Emergent BioSolutions Inc.)