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The Flexible Working Policy template under UK law is a legal document that outlines the guidelines and procedures for employees and employers regarding flexible working arrangements. This policy is designed to ensure compliance with the statutory rights of employees to request flexible working arrangements and to provide a framework for employers to assess and determine such requests.

The template begins by explaining the purpose and scope of the policy, emphasizing the commitment of the organization to create a supportive working environment that promotes work-life balance. It provides a clear definition of flexible working, including various types of arrangements such as working from home, part-time work, compressed hours, job sharing, or flexitime.

The document outlines the eligibility criteria for employees to request flexible working, typically based on their employment length and whether they have previously made a request within the past 12 months. It then establishes the formal procedure for submitting a flexible working request, specifying the required format and supporting documentation.

The template provides guidance for managers and supervisors on how to handle such requests, emphasizing the need for a fair and objective assessment. It outlines the considerations that should be taken into account when evaluating requests, such as the impact on business operations, team collaboration, and individual performance.

Furthermore, the document highlights the statutory rights of employees as well as the obligations of employers under UK law, including the requirement to handle requests in a reasonable manner and within specified timeframes. It addresses potential outcomes, such as accepting or rejecting a request, and outlines the process for appeals.

Additionally, the template includes provisions to safeguard against any potential discriminatory practices, ensuring that flexible working arrangements are considered without prejudice based on protected characteristics such as age, gender, disability, or race.

Overall, this legal template serves as a comprehensive guide for employers and employees to navigate the flexible working provisions set forth by UK law. By adopting this policy, organizations can establish a transparent and consistent framework for managing flexible working requests, promoting a positive and inclusive work culture.

This legal template is designed to provide an explanation to long-term incentive plan holders regarding the impact of a rights issue under UK law. A rights issue is a process conducted by a company to raise additional capital by offering existing shareholders the opportunity to purchase additional shares in proportion to their current holdings.

This template could contain comprehensive information regarding the rights issue and its implications on the long-term incentive plan holders. It may include details such as the purpose of the rights issue, the company's financial situation and reasoning behind the need for additional capital, the timeline and mechanics of the rights issue, and the specific impact on the long-term incentive plan holders.

The template might outline how the issuance of new shares through a rights issue can potentially dilute the existing shareholders' ownership and subsequently affect the value and performance of the long-term incentive plan. It may detail the possible adjustments or modifications to the incentive plan and explain any potential implications on vesting schedules, performance conditions, and overall reward structure. Additionally, the template might delve into the voting rights attached to the new shares and the shareholders' ability to participate in the rights issue.

Furthermore, the document may offer guidance on how the long-term incentive plan holders should proceed and what considerations they should take into account when evaluating their options or making decisions. It could outline any legal obligations or disclosure requirements, direct the long-term incentive plan holders to relevant resources or sources of advice, and emphasize the importance of carefully reviewing the terms and conditions of the rights issue in light of their specific circumstances.

Overall, this legal template serves as a valuable informational tool for long-term incentive plan holders, providing a clear explanation of the impact of a rights issue under UK law, while guiding them towards making informed decisions during this crucial period.