Cycle Solutions (Cycle to Work) Limited(NEAS0080)

Description

his Supply Agreement shall commence on 23rd January 2023 (the “Commencement Date”) and shall continue for an initial term of two (2) years, with the option to extend for a further two (2) 12 month periods, unless it is terminated by either Party in accordance with clause 8 A. CS will facilitate the provision of a Cycle to Work Scheme (the “Scheme”) by the Employer as part of the Department for Transport’s intiative to promote healthier journeys to work and reduce environmental pollution by loaning cycles and cyclists’ safety equipment (together the “Equipment”) to employees as a tax-free benefit through a salary sacrifice arrangement (“Salary Sacrifice”). B. CS will supply the Equipment to employees of the Employer (“Employees”) on the terms of a hire agreement to be entered into between CS and the Employees. The Employer will pay CS the price of the Equipment in full and recover these costs from the Employees through Salary Sacrifice. Service lead; Judith Hurrell Keywords: cycle solutions, cycle to work scheme