SCHEDULES
SCHEDULE 8 Employee share ownership plans
Part V Partnership shares
Notice of possible effect of deductions on benefit entitlement
38
1
The plan must provide that the company may not enter into a partnership share agreement with an employee unless the agreement contains a notice under this paragraph.
2
A notice under this paragraph is a notice in a prescribed form containing prescribed information as to the possible effect of deductions on an employee’s entitlement to social security benefits, statutory sick pay and statutory maternity pay.
3
In this paragraph “prescribed” means prescribed by regulations made by the Board.