Paragraph 12 I1

(1)

In this Schedule—

“third party”, in relation to a scheme, means a person other than a transferor and a transferee;
“transferee”—
1. (a)
  in relation to a scheme, means a person to whom property, rights or liabilities are transferred in accordance with the scheme, and
2. (b)
  in relation to particular property, rights or liabilities transferred or created in accordance with a scheme, means the person—
  1. (i)
    to whom that property or those rights or liabilities are transferred, or
  2. (ii)
    in whose favour, or in relation to whom, they are created;
“transferor”—
1. (a)
  in relation to a scheme, means the person from whom property, rights or liabilities are transferred in accordance with the scheme, and
2. (b)
  in relation to particular property, rights or liabilities transferred or created in accordance with a scheme, means the person—
  1. (i)
    from whom that property or those rights or liabilities are transferred,
  2. (ii)
    who, or whose property, is subject to the interest or right created, or
  3. (iii)
    for whose benefit the liability is created;
“scheme” means a scheme under section 15.

(2)

In this Schedule, reference to employment includes reference to employment in the civil service of the State and, in respect of such employment—

(a)

reference to a contract of employment is to be treated as a reference to the terms of employment in the civil service of the State, and

(b)

reference to a dismissal is to be treated as a reference to the termination of the employment.

(3)

References in this Schedule—

(a)

to a right or to an entitlement to a right include references to an entitlement to exercise a right, and

(b)

to a right's arising include references to its becoming exercisable.

Annotations