Agreement to amend the terms and conditions of your
Agreement made between:
The University of Bath of Claverton Down, Bath, BA2 7AY (hereinafter called the
[ ] of [ ]
(hereinafter called the “Employee”)
This Agreement outlines the conditions under which the Employer will lease the “Cycle
Package” to the Employee in return for lease payments being made by way of a salary
1. The Employee has personally selected a cycle and any related cycle equipment
of their choice (hereinafter called the Cycle Package”), which has a total
monetary value of not more than £1,000 (One Thousand Pounds), including
VAT from Cyclescheme Ltd and has obtained a written quotation from them
outlining the exact specification / content and cost of the Cycle Package, which
is attached hereto.
2. The Employer agrees to purchase the Cycle Package and lease it to the
Employee (who agrees to use it as his / her primary means of transport to and
from work, but who may also use it for recreational purposes) in accordance
with this Agreement.
3. Title (Ownership) in the Cycle Package shall vest and remain vested in the
Employer until, if and when this Agreement is terminated, and the Employer
transfers ownership of the Cycle Package to the Employee as outlined below.
For the avoidance of doubt at no time during the continuance in effect of this
agreement shall the Employee own the Cycle Package. Consequently the
Employee may not sell, lease, loan or assign the Cycle Package to any third
party or allow any third party to use the Cycle Package.
4. The Employer agrees to provide the Employee with the use of the Cycle
Package for the duration of this Agreement which shall be for a period of 24
months (unless extended as outlined below), during which time the Employee
agrees to equal monthly deductions being made from his /her gross salary.
Each month 1/24 of the to