Transcription
Heads of Agreement d.d. 10th August 1993
The following agreement was reached between Lloyds Bank Plc (London and Netherlands) and Adriaan D.Dirkzwager.
1. That Adriaan D. Dirkzwager will leave the Bank's service on 30th September 1993
2. That Lloyds Bank Plc will make a payment to Adriaan D.Dirkzwager of NLG 950.000,- ( Netherlands Guilders Nine Hundred and Fifty Thousand) in full compensation for all claims and benefits or entitlements (whether present or future) that Adriaan D. Dirkzwager has or may have against the Bank . The amount to include (but not limited to) compensation in lieu of notice; compensation in lieu of the so called top up arrangements; compensation in lieu of future pensions contributions; a payment to cover re-training and outplacement costs; a payment in lieu of the benefit attached to staff loans. The payment will be made in full on 30th September 1993
3. Adriaan D. Dirkzwager agrees to any existing loans at beneficial rates being transferred to full commercial terms and rates from October 1 1993. Alternatively, Adriaan D. Dirkzwager may repay the loans.
4. Lloyds Bank Plc will investigate wether any funds can be paid to Adriaan D.Dirkzwager in
Luxembourg. Lloyds Bank Plc has no difficulty with such arrangement providede any such payment is a good tax deduction for the Bank (London and the Netherlands) and provided the payment does not infringe any laws in the United Kingdom, Netherlands or Luxembourg. Any taxes so arising will be for account of Adriaan D. Dirkzwager.
These terms are acknowledged an agreed by the under signed:
On behalf of Lloyds Bank Plc
ADD 10/8 1993. B.P. Constant A.M Basing
