The following Corporate guidance note provides comprehensive and up to date legal information covering:
Replace Schedule 4, paragraph 19 of Precedent: Share purchase agreement—pro-buyer—corporate seller—conditional—long form with the following:
Except as provided for by the Pension Scheme, the Company is not and has never participated in an arrangement or agreement to provide pensions, annuities, lump sums, gratuities or similar benefits on retirement, long-term ill-health or death, or pursuant to a pension sharing order, in relation to the service or historic service of a present or former employee of the Company or any other person, or for the benefit of that individual’s dependents.
The Pension Scheme is a group personal pension scheme arranged by the Company for the benefit of its employees.
All benefits under the Pension Scheme are provided on a money purchase basis. No assurance, guarantee or promise has been made to any current or former employee of the Company or any other person as to the amount of benefits to be provided under the Pension Scheme.
Copies of the following documents have been Fairly Disclosed to the Buyer:
the agreement between the Company and the Pension Scheme provider;
**excludes LexisPSL Practice Compliance, Practice Management and Risk and Compliance. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
Take a free trial
0330 161 1234