Paragraph 1 Conditions for withdrawal arrangements and approved withdrawal arrangementsF1

the trustees or managers, the cessation employer and the guarantor are parties;

it provides the date on which it is to come into force;

it provides that at or before the time specified the cessation employer will pay—

where the withdrawal arrangement share or approved withdrawal arrangement share will be paid in instalments, the dates for payment of such instalments;

it provides that the guarantors will pay an amount or amounts equal to amount B;

it provides that if an event specified in paragraph 3 of this Schedule occurs before amount B has been paid and while the agreement is still in force, the guarantors will pay amount B;

it specifies whether amount B is calculated under either sub-paragraph (2) or (3) of paragraph 5 of this Schedule;

specifies where there is more than one guarantor, whether the guarantors are jointly or jointly and severally liable;

provides details of any relevant transfer deduction which may apply, the anticipated relevant transfer liabilities, the anticipated corresponding assets and the anticipated time scale for finalisation of the relevant transfer deduction;

it provides that amounts payable under the withdrawal arrangement or approved withdrawal arrangement are payable to the trustees or managers of the scheme;

it provides that one or more parties to the withdrawal arrangement or approved withdrawal arrangement are to meet any expenses incurred by the parties in connection with one or both of the following—

the arrangement will continue in force until—

whichever occurs first.