This agreement to vary Terms & Conditions of employment is made between the EMPLOYEE and THE EMPLOYER DETAILED BELOW.

It is hereby agreed:

1. Definition

1.1 ‘Original Salary’ means the salary of the employee for each Pay Period during the salary sacrifice period on the assumption that the employee’s terms and conditions of employment had not been varied by this agreement or any similar agreement.

1.2 ‘Pay Period’ means the period of time for which the employee is normally paid being (I) weekly or (ii) fortnightly or (iii) four weekly or (iv) monthly.

1.3 ‘Terms’ means the terms and conditions of employment between the employee and the employer.

1.4 ‘Adjusted Salary for a Pay Period means the Original Salary less an amount equal to the Childcare Payment.

1.5 ‘Salary Sacrifice’ period means the period of time, being not less than one Pay Period for which this agreement is to apply, as set out in clause 5.

1.6 'Childcare Payment" means the amount referred to in clause 4.


2. Recital

2.1 By this agreement, the employee and the employer agree to vary the Terms.

2.2 Before entering into this agreement, on the assumption that no agreement similar to this agreement had been entered into, the employee would have been entitled to receive the Original Salary for each Pay Period.

2.3 As a consequence of entering into this agreement, the employee will be entitled to receive the Adjusted Salary and the benefit of the Childcare Payment (paid directly to the individual or institution providing childcare facilities) for each Pay Period.

2.4 The employee and the employer acknowledge that this Agreement constitutes a notice of a variation to the Terms for the Variation Term in accordance with the provisions of section 4 of the Employment Rights Act of 1996.


3. Variation

3.1 The employee and the employer agree to vary the Terms for the salary sacrifice period as follows:

3.1.1 The employee will cease to be entitled to the Original Salary for each Pay Period in the salary sacrifice period.

3.1.2 The employee will be entitled to receive the Adjusted Salary and the benefit of the Childcare Payment for each Pay Period in the salary sacrifice period.


4. Childcare Payment Values

For the purposes of this agreement, the Childcare Payment (expressed in pounds sterling) to be received under the Terms (as varied by this agreement) shall be stated on the form which forms part of this agreement which is printed on the reverse hereof (“Order Form”). If the Childcare Payment stated on the Order Form is the maximum permitted under applicable tax legislation at the time the employee completes the Order Form then the employer will automatically increase the Childcare Payment at the start of each tax year to enable the employee to receive the full benefit of tax relief on childcare payments. If the employee does not wish the employer to increase the employee's salary sacrifice at that time then the employee shall notify the employer's HR department or Busy Bees directly in writing prior to the commencement of the new tax year.


5. Salary Sacrifice Period

The salary sacrifice period for this variation of the terms shall commence on the first day as notified on the Order Form, and shall expire on the last day as notified on the Order Form. If stated "ongoing" on the Order Form then the Salary Sacrifice Period shall end at the end of the Pay Period in which written notice of the employee's request to cease the Salary Sacrifice is received by the employer's HR department or Busy Bees.


6. Responsibility

6.1 The employee confirms that he or she:

6.1.1 Is the parent or other legal guardian of the child or children in respect of whom the Childcare Payment will be used to provide childcare facilities.

6.1.2 Is responsible for selecting the individual or institution that will provide such childcare facilities and for informing the employer immediately of any change of such individual or institution.

6.1.3 Has read and understood the 'Parent Information Pack' and acknowledges that each Childcare Payment voucher (whether paper or electronic) is valid for a period of twelve months from the date of issue.


Please note: Busy Bees Childcare Vouchers Limited are not responsible for any gains or losses of tax or National Insurance contributions for any individual employee.