SCHEDULES

SCHEDULE 2Transfer of property and staff, etc.

Transfer schemes

1

(1)

The property, rights and liabilities which may be the subject of a scheme include—

(a)

any that would otherwise be incapable of being transferred or assigned, and

(b)

rights and liabilities under a contract of employment.

(2)

A scheme may define the property, rights and liabilities to be transferred by specifying or describing them (including describing them by reference to a specified part of the transferor’s undertaking).

(3)

A scheme may include supplementary, incidental, transitional and consequential provision.