SCHEDULES
SCHEDULE 6 Transfer schemes
Allocation
I11
1
Paragraphs 2 and 3 apply if the following two conditions are satisfied.
2
The first condition is that—
a
provision is made by a transfer scheme for the transfer to a transferee of a specified part of a transferor’s undertaking, or
b
provision is made by a transfer scheme (or transfer schemes) for the transfer to different transferees of different specified parts of a transferor’s undertaking.
3
The second condition is that any property, right or liability falls partly in one part of the undertaking and partly in another or others; and the parts of the undertaking are—
a
the part (or each part) transferred, and
b
if a part is retained by the transferor, that part.
4
In paragraphs 2 and 3 references to the parties are to—
a
the transferee or transferees concerned, and
b
the transferor (if he retains part of the undertaking).
5
Paragraphs 2 and 3 do not apply to rights or liabilities under a contract of employment.