SCHEDULES
SCHEDULE 2Transfer schemes
I1I21Transfer schemes
1
The Secretary of State may make one or more property transfer schemes or staff transfer schemes.
2
A “property transfer scheme” is a scheme for the transfer to ARIA from a permitted transferor of any property, rights or liabilities, other than rights or liabilities under or in connection with a contract of employment.
3
A “staff transfer scheme” is a scheme for the transfer to ARIA from a permitted transferor of any rights or liabilities under or in connection with a contract of employment.
4
In this Schedule, a “permitted transferor” means the Secretary of State or United Kingdom Research and Innovation.