Associate Handbook 2018

The Company regards any form of unlawful discriminatory behaviour as a serious disciplinary offence.

4

REMUNERATION

4.1

Conditions of Employment

Although the pay period runs from the first day of the month to the last day of the month, salaries are normally paid on the 24th day (or on the preceding Friday when the 24th falls on a weekend). Part of an Associate’s salary is therefore paid to them in arrears and a smaller portion is paid in advance. Associate’s salaries will be paid directly into their bank or building society account, and they will receive a monthly online payslip detailing the payment. Any changes to bank and building society details must be updated via the HR Self Service site.

4.2

Remuneration Policy *

The Company has a Remuneration Policy which is agreed by the Board and implemented via the Remuneration Committee. This policy applies to the way annual bonus payments are agreed and made. Please see Appendix 1.

4.3

Salary Review

Rate of pay is set out in Associate’s Contract of Employment or as most recently notified to them by their Manager or the Company. Salaries are normally reviewed annually in July and are determined by individual as well as Company performance. Following such review, rates of pay may be increased. There is no contractual right to a pay increase following such review. An increase in one year does not give the right to an increase in the following year. Any variation to this requires written communication from the Company.

4.4

Salary Advances

In exceptional circumstances Associates may request a salary advance equivalent to a maximum of two weeks basic pay. Associate’s requests should be made in writing to their relevant Partner stating the reasons, and will require further approval from the Human Resources Division. Only one advance will be permitted in any twelve month period.

4.5

Pay Queries

Queries regarding pay received or deducted should be made to the Payroll Division.

If an Associate has queries regarding their income tax they should contact:

HM Inspector of Taxes London Chapel Wharf Area Trinity Bridge House 2 Dearmans Place

Salford M3 5BS Telephone: 0300 200 3300 Lockton’s reference number is 951 C1900WW