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21. Any agreement to submit a dispute to arbitration under the Scheme must satisfy the following requirements (an “Arbitration Agreement”):
(i)the agreement must be in writing;
(ii)the agreement must concern an existing dispute;
(iii)the agreement must not seek to alter or vary any provision of the Scheme;
(iv)the agreement must have been reached either:
(a)where a conciliation officer has taken action under section 18 of the Employment Tribunals Act 1996 (a “Conciliated Agreement”) or
(b)through a compromise agreement, where the conditions regulating such agreements under the Employment Rights Act 1996 are satisfied (a “Compromise Agreement”);
(v)the agreement must be accompanied by a completed Waiver Form for each party, in the form of Appendix A.
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