Deed of apportionment of liability—Flexible apportionment
Produced in partnership with Blake Morgan LLP

The following Pensions precedent produced in partnership with Blake Morgan LLP provides comprehensive and up to date legal information covering:

  • Deed of apportionment of liability—Flexible apportionment

Deed of apportionment of liability—Flexible apportionment

This Deed is made the [insert day] day of [insert month] 20[insert year]

Parties

  1. 1

    [Insert full company name] registered in England and Wales with company number [insert number] and having its registered office at [insert registered company address] (the “Departing Employer”);

  1. 2

    [Insert full company name] registered in England and Wales with company number [insert number] and having its registered office at [insert registered company address] (the “Receiving Employer”); and

  1. 3

    [[Insert full name of company] registered in England and Wales with company number [insert number] and having its registered office at [insert registered company address] OR [insert individual name(s)] of [insert individual address(es)]] (the “Trustees”).

Background:

    1. (A)

      [Insert full name of scheme] (the “Scheme”) was established by an [interim OR definitive] deed dated [insert date].

    1. (B)

      The Scheme is currently governed by a trust deed dated [insert date], as amended by the deeds executed after it[, details of which are set out in Schedule 1 to this Deed] (the “Trust Deed”). The rules of the Scheme (the “Rules”) are set out in Schedule [insert number] to the Trust Deed.

    1. (C)

      The Trustees are the present trustees of the Scheme.

    1. (D)

      The Departing Employer and Receiving Employer are both participating employers in the Scheme.

    1. (E)

      [Set out brief background as to the circumstances in which the departing employer no longer employs/will no longer employ any active

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