Section A18(7)

In this section— contract or other instrument involving financial services has the meaning given by Schedule ZA2; monitor's remuneration or expenses does not include remuneration in respect of anything done by a proposed monitor before the moratorium begins; redundancy payment means— a redundancy payment under Part 11 of the Employment Rights Act 1996 or Part 12 of the Employment Rights (Northern Ireland) Order 1996, or a payment made to a person who agrees to the termination of their employment in circumstances where they would have been entitled to a redundancy payment under that Part if dismissed; wages or salary includes— a sum payable in respect of a period of holiday (for which purpose the sum is to be treated as relating to the period by reference to which the entitlement to holiday accrued), a sum payable in respect of a period of absence through illness or other good cause, a sum payable in lieu of holiday, and a contribution to an occupational pension scheme.

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Source: legislation.gov.uk · retrieved 2026-09-04