Your Cyclescheme Hire Agreement - ncl.ac.uk

1 {$config->site_url}/ " alt=" " />Click here to print this Agreement {if $voucher->code}{$voucher->code}{/if}Hire Agreement regulated by the Consumer Credit Act 1974 Parties to Agreement The Employer/Owner (name):{$scheme->employer->name}Employer Address: {$scheme->employer->address1}, {if $scheme->employer->address2}{$scheme->em ployer->address2},{/if} {if $scheme->employer->city}{$scheme->employ er->city}{/if} {if$scheme->employer->state}, {$scheme->employer->state}{/if}Postcode: {$scheme->employer->zipcode}Employee name:{$voucher->firstname} {$voucher->lastname}Home Address: {$voucher->address1}, {if $voucher->address2} {$voucher->address2},{/if} {$voucher->city} {if$voucher->state}, {$voucher->state}{/if}Postcode: {$voucher->zipcode}Key Financial InformationDescription of GoodsBicycle and related safety equipment to the value ofYour Cyclescheme Hire of 1029/06/2011 11:51 {$voucher->bike_price+$voucher->helmet_p rice+$voucher->other_price}Advance PaymentsNo advance payment is requiredHire payments{$voucher->total_payments} payments of {$voucher->each_payment} made on a {$voucher->salary_frequency}basis, payable by way of a reduction to your gross salary.

2 Your rental payments will commence when notified to youwithin your payslip, usually from the first salary sacrifice payment following the collection of the bicycle and relatedsafety equipment (the Equipment ) by you or as otherwise notified on your paymentsTe r m i n a t i o n F e e :If you cease employment with the Employer, the Hire Agreement will be terminated and the tax exemptions availableunder the 'Cycle to work ' scheme will no longer be available. You will be required to pay a termination fee of an amountnot exceeding the outstanding monthly hire payments and calculated as set out above. The termination fee will notbenefit from any tax exemption and will be collected by the Employer from any remaining net salary payments. Shouldthis not be possible for any reason, or the outstanding liabilities exceed any remaining net salary payments, theEmployer will require settlement of any outstanding of Hire{$scheme->hire_period} months from the date of the commencement of your salary sacrifice.

3 The Hire Period is fixedand cannot be changed, subject to the provisions in the attached Terms and Conditions of the Hire Agreementconcerning absence from InformationIf you default on your obligations under the Hire Agreement ( , by failing to make any payments on the due dates)the Employer may recover from you its reasonable legal, administrative and other costs and expenses incurred inenforcing its rights under this Hire attention is also drawn to: Section 7 in the Terms and Conditions attached to this Hire Agreement , which sets out your obligations in relation toany Equipment which is lost, stolen or damaged; Section 8 in the Terms and Conditions attached to this Hire Agreement , which sets out your obligations in relation toany periods of absence from work ; Section 9 in the Terms and Conditions attached to this Hire Agreement , which sets out your obligations under thisHire Agreement on termination of your Cyclescheme Hire of 1029/06/2011 11.

4 51 Section 10 in the Terms and Conditions attached to this Hire Agreement , which sets out your obligations to care forthe Equipment whilst it is in your possession prior to and upon Cancellation of the Hire Agreement under Section 10 Cancellation RightsYou have a right to cancel this Agreement upon the later of 14 days from the date you receive an email containing a linkto the fully approved and executed Agreement under the Consumer Credit Act 1974, or within 7 working days beginningwith the day after you have collected/received the Equipment under the Consumer Protection (Distance Selling)Regulations 2000. You may cancel this Agreement within that period by giving written notice to the employer listed atthe address above. Return of any collected/received Equipment will be at your own cost and risk.

5 If you cancel thisagreement and a salary reduction has been applied under the Agreement , the Employer will include the value of thesum of any salary reductions made in your gross salary at the next date your salary is due to be paid. For furtherdetails, you are referred to Section 10 of the Terms and Conditions attached to this Agreement . MISSING PAYMENTSM issing payments could have severe consequences and may make obtaining credit more - READ THIS CAREFULLY TO FIND OUT ABOUT YOUR RIGHTSThe Consumer Credit Act 1974 covers this Agreement and lays down certain requirements for your protection whichshould have been complied with when this Agreement was made. If they were not, the owner cannot enforce thisagreement against you without getting a court order. If you would like to know more about your rights under the Act,contact either your local Trading Standards Department, or Citizens' Advice Bureau.

6 {if $full}This is a Hire Agreement regulated by the Consumer Credit Act 1974. Sign it only if you want to be legallybound by its Office of Fair Trading, Fleetbank House, 2-6 Salisbury Square, London, EC2Y 8JX is the supervisory authorityunder the Consumer Credit Act 1974 Signature of hirer: {$voucher->firstname} {$voucher->lastname}Date of signature: {$voucher->date_ha_received|datetime_lon g}Under this Agreement the goods do not become your property and you must not sell Cyclescheme Hire of 1029/06/2011 11:51 Name of Hirer: {$voucher->firstname} {$voucher->lastname}Email Address: {$voucher->email}Date of signature: {$voucher->date_ha_received|datetime_lon g}IP Address: {$voucher->ip_address}Print name: {if $voucher->date_ordered}{$scheme->employe r->contact_name}{else}(entered when employerconfirms){/if}Email Address.

7 {if $voucher->date_ordered}{$scheme->employe r->email}{else}(entered when employer confirms){/if}Date of signature: {if $voucher->date_ordered}{$voucher->date_o rdered|date_long}{else}(entered when employerconfirms){/if}IP Address: {if $voucher->employer_ip_address}{$voucher- >employer_ip_address}{else}(entered when employerconfirms){/if}{/if}Hire Agreement regulated by the Consumer Credit Act 1974 IMPORTANT: You must read this carefully. This Agreement details your rights andresponsibilities and is legally binding upon you. You are strongly advised to obtainindependent advice on any aspect of this Agreement you are unsure & IntroductionThis Agreement is in two parts: the front page setting out various items of key information including the payments youwill have to make and these terms and conditions.

8 It sets out the basis on which the Employer (as detailed on the frontpage) will allow you to hire and use the bicycle and or (if applicable) safety equipment hired by you under thisagreement (the "Equipment") for the purpose mainly of commuting between your home and workplace, or betweendifferent workplaces in connection with your employment ("Commuting").This Agreement also varies your terms and conditions of employment. Specifically, it sets out the terms on which youagree to give up part of your entitlement to salary in return for the non-cash benefit of being provided with theEquipment ("Salary Sacrifice") - please see section 4 (Salary Sacrifice and Hire Period) below for more Employer has contracted with a company called Cyclescheme Ltd to administer its Cycle to work scheme andprovide you with access to a broad range of bike shops (known as " Cyclescheme Partner Shops") from which toYour Cyclescheme Hire of 1029/06/2011 11.

9 51obtain the EligibilityThe intention is that by entering into this Agreement you will be entitled to take advantage of an exemption from incometax and National Insurance contributions in relation to the payments you make under this be eligible for these exemptions, the following conditions will need to be satisfied:- the Equipment that you hire from the Employer must be a bicycle or a bicycle and related safety equipment; you must be 18 years of age or over; you must be a UK PAYE taxpayer; you must use the Equipment mainly for commuting, although you are entitled to use it for other purposes aswell;you must hold a regular contract of employment and remain in employment for the duration of the agreed 'HirePeriod' (see section 4 below); andyou must receive regular monthly salary instalments ( employee's who may not meet this requirment eg termonly staff should contact their HR Manager to arrange for an annualised contract of employment beforeapplying).

10 If any of these conditions are not or cease to be satisfied, or the law changes, you may find that you are no longereligible as a result for the relevant exemptions and the Employer may be required to treat the provision of theEquipment as a taxable who already have a Cycle to work Agreement in force may not enter into a second Hire Agreement until thefirst Agreement has officially ended an all outstanding monies (if applicable) have been and the Employer reserve the right to decline a request to issue a Secure Certificate and participate inthis Agreement . Each request for a Secure Certificate will be subject to authorisation by the Employer andCyclescheme will only process orders suitably authorised by the Obtaining the EquipmentAfter entering into this Agreement , you will be provided with a Cyclescheme certificate (a "Certificate") for the value ofthe Equipment, as set out on the front page of this Certificate cannot be returned or transferred to anyone one else or its value altered once it has been issued to youYour Cyclescheme Hire of 1029/06/2011 11:51[and you must collect the Equipment within 60 days from the date the Certificate is issued to you].