My question is how to calculate a buy-out of existing terms & conditions of employment: Is it usually calculated on difference of annual salary between existing T&Cs and new T&Cs x number of years' service or is this calculation at the discretion of the company?Posted in : First Tuesday Q&A ROI on 3 August 2011
|We assume that this question has arisen in the context of a transfer of undertaking within the meaning of the European Communities (Protection of Employees on Transfer of Undertakings) Regulations 2003 (the “Regulations”) having occurred. One of the principal consequences of a transfer of undertaking is that the rights and obligations owed by the transferor to those employees who are employed wholly or mainly in the business or part of a business transferring transfer to the purchaser. Therefore, the Regulations require the purchaser to replicate transferring employees’ terms and conditions of employment. However, where it is not possible in practical terms to replicate a particular|
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Back to Q&A's This article is correct at 03/09/2015
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