SCHEDULES
C1SCHEDULE 4THE CATEGORIES OF PREFERENTIAL DEBTS
Annotations:
Modifications etc. (not altering text)
Category 5: Remuneration, etc., of employees
9
So much of any amount which—
a
is owed by the debtor to a person who is or has been an employee of the debtor, and
b
is payable by way of remuneration in respect of the whole or any part of the period of 4 months next before the relevant date,
as does not exceed so much as may be specified in an order made by the Department.
Sch. 4 applied (with modifications) (4.1.2024) by S.I. 2021/716, reg. 37A (as inserted by The Payment and Electronic Money Institution Insolvency (Amendment) Regulations 2023 (S.I. 2023/1399), regs. 1(2), 12)