What happens if I leave NES during the hire period?

When you purchase your bicycle/equipment you will be asked to sign a Salary Sacrifice Agreement to give NES permission to sacrifice your salary. Part of that agreement includes the terms of settlement of any outstanding monies should you leave NES before the end of the initial hire period of 12 months. The outstanding monies will be recovered from your final net salary payment and any balance will be invoiced. Settlement will be taken from your Net Pay because once you leave NES, you will also leave the Salary Sacrifice scheme, and you are no longer eligible for tax/NI concessions on the outstanding balance. This may also include a sum equating to the fair market value at the time of the termination (to transfer ownership of the Bike to the Employee) You will be advised at the time of leaving of any purchase/administrative sums due.