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WHEREAS
(1) Airtours is a subsidiary of British European Airways Corporation for the purposes of Section 24 of the Air Corporations Act 1967.
(2) The parties hereto are desirous of extending the Airways Corporations Joint Pension Scheme so as to enable employees of Airtours to be admitted to membership of the Scheme.
(3) At a meeting of the Management Trustees held on the tenth day of September One thousand nine hundred and sixty nine the said Rankin Lorimer Weir and the said Robert Gilchrist Cunningham were appointed to execute this Deed in accordance with the provisions of Clause 18 of the Trust Deed.
NOW IT IS HEREBY AGREED AND DECLARED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS:—
Airtours shall be deemed to be a party to the various Deeds set out in the Air Corporations Pensions Regulations 1948 to 1969.
Airtours shall enjoy all the rights and shall assume all the obligations of an Employer arising under the Trust Deed and Rules of the Scheme.
The Trust Deed shall be amended as follows:—
(a)In Clause 1 of the Trust Deed for the definition of “Employer” there shall be substituted the following definition:—
“Employer” means
British Overseas Airways Corporation
British European Airways Corporation
BOAC Restaurants Limited
BEA Helicopters Limited
BEA Airtours Limited
(b)In Clauses 19A and 19A(a) the words “BRL or Helicopters” shall be deleted and replaced by the words “BRL, Helicopters or Airtours”.
Save as expressly altered amended or varied hereby the Trust Deed and the Schedules thereto as heretofore amended shall continue and remain in force and shall have effect as if the alterations amendments or variations herein set out were where applicable inserted therein.
This Deed is conditional on its being confirmed by Regulations made by the Board of Trade under Section 24 of the Air Corporations Act 1967 and if so confirmed shall come into force on such date as may be specified in that behalf in such Regulations.
IN WITNESS WHEREOF the parties of the first and second and fourth parts have caused their respective Common Seals to be hereunto affixed and the Management Trustees have hereunto set their hands and seals the day and year first before written.
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