Regulation 17 Termination of Protection

(1)

A protected employee may at any time elect –

(a)

that he does not wish to be a protected person; or

(b)

that he does not wish to be a protected employee;

and a protected beneficiary may at any time elect that he does not wish to be a protected beneficiary.

(2)

Any person who wishes to make an election under paragraph (1) (“the elector”) shall complete a notice in the form set out in Schedule 1 and shall serve it on his employer.

(3)

Subject to paragraph (4), an election under paragraph (1) shall have effect from the date specified in the notice served under paragraph (2), and thereafter the elector shall cease to be a protected employee, a protected beneficiary or a protected person (as the case may be) for the purpose of these Regulations.

(4)

Upon receipt of any notice under paragraph (2), the employer shall within 21 days send to the elector an acknowledgement in the form set out in Schedule 2.

(5)

Unless the elector, within 21 days of the receipt of such acknowledgement, notifies the employer in writing that he wishes to withdraw the notice served under paragraph (2) (in which event the notice shall be deemed never to have been given) such notice shall take effect upon the date stated therein and shall thereafter be irrevocable.