windfall

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dennis
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by dennis » Fri Dec 14, 2018 7:25 pm
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 .
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Foggy
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by Foggy » Fri Dec 14, 2018 8:38 pm
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.
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Foggy
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by Foggy » Fri Dec 14, 2018 9:21 pm
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)
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kallis3
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by kallis3 » Sat Dec 15, 2018 9:40 am
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)
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dennis
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by dennis » Sat Dec 15, 2018 1:22 pm
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
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Foggy
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by Foggy » Sat Dec 15, 2018 1:44 pm
The references will be around about the same places. Your proposal will state that it is governed by the Standard Conditions.
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Lisa Thomas
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by Lisa Thomas » Mon Dec 17, 2018 12:43 pm
Look at the after Acquired Assets section of T&Cs as Foggy has mentioned above.
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