33

House of Commons

Notices of Amendments

given on

Tuesday 14th October 2008

For other Amendment(s) see the following page(s):

Employment Bill [Lords] Committee 27-32

Public Bill Committee

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Employment Bill [Lords]

Severance pay: bankers

Michael Jabez Foster

NC9

To move the following Clause:—

‘That in the event that the Secretary of State certifies that an employer has

received substantial financial support from the public purse any contract of

employment between that employer and an employee which provides for a

severance payment in excess of £100,000 shall be effective up to and not beyond

a total value of £100,000 save where a court of law awards a greater sum.’.

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Revised 15 October 2008