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windfall
Posted: Fri Dec 14, 2018 7:25 pm
by dennis
we're in my agreement would it state about paying any windfalls or overtime into the iva? as I have read through my agreement and I cannot see were it mentions windfalls or overtime payments I have also had a barrister look at the agreement and he couldn't see anything either .
Re: windfall
Posted: Fri Dec 14, 2018 8:38 pm
by Foggy
Do you have a "Protocol" agreement ( it should say on the front page what terms are being used ) ?
If so it will refer and be governed by the Standard Conditions.
Re: windfall
Posted: Fri Dec 14, 2018 9:21 pm
by Foggy
In the post 2014 conditions overtime is mentioned at Part 3 : 8 (7)
Windfalls are included under the umbrela of "after acquired assets", defined in Part 1: 1 (f) Then Part 3: 8 (3)
Re: windfall
Posted: Sat Dec 15, 2018 9:40 am
by kallis3
I agree with Foggy - you will have to pay across windfalls over £500 and also some of your overtime (usually 10% to you plus 50/50)
Re: windfall
Posted: Sat Dec 15, 2018 1:22 pm
by dennis
Foggy wrote:Do you have a "Protocol" agreement ( it should say on the front page what terms are being used ) ?
If so it will refer and be governed by the Standard Conditions.
hi foggy
it states 2010 protocol
Re: windfall
Posted: Sat Dec 15, 2018 1:44 pm
by Foggy
The references will be around about the same places. Your proposal will state that it is governed by the Standard Conditions.
Re: windfall
Posted: Mon Dec 17, 2018 12:43 pm
by Lisa Thomas
Look at the after Acquired Assets section of T&Cs as Foggy has mentioned above.