A) RETIREMENT

Since the phasing out of the default retirement age, it is the decision of an employee to retire. This is a form of resignation and should be discussed with your line manager.

B) TERMINATING EMPLOYMENT WITHOUT GIVING NOTICE

If you terminate your employment without giving or working the required period of notice, as indicated in your individual statement of main terms of employment, you will have an amount equal to any additional cost of covering your duties during the notice period not worked deducted from any termination pay due to you. This is an express written term of your contract of employment. You will also forfeit any contractual accrued holiday pay due to you over and above your statutory holiday pay.

C) RETURN OF OUR PROPERTY

On the termination of your employment you must return all our property which is in your possession or for which you have responsibility. Failure to return such items will result in the cost of the items being deducted from any monies outstanding to you. This is an express written term of your contract of employment.

E) GARDEN LEAVE

If either you or the Company serves notice on the other to terminate your employment the Company may require you to take “garden leave” for all or part of the remaining period of your employment.

If you are asked to take garden leave you:

a. must not attend your place of work or any other premises of the Company or any associated companies; unless otherwise requested by the Company;

b. may be asked to relinquish immediately any offices you hold in the Company or any associated companies;

c. may not be required to carry out your normal duties during the remaining period of your employment; however you will still be available for answering queries;

d. must return to the Company all documents, software, equipment, property and other materials (including copies) belonging to the Company or associated companies containing confidential information; and

e. must not, without the prior written permission of the Company, contact or attempt to contact any client, customer, supplier, agent, professional adviser, broker, or banker of the Company or any associated companies or any employee of the Company or any associated companies.

NB. During any period of garden leave you will continue to receive your basic salary and any other contractual benefits, but this will not include any company car or car allowance, incentives or other benefits.