1. Preamble

1.1 This policy forms part of the terms and conditions of the agreement between the employee and the University in relation to the Salary Exchange Car Policy.

1.2 The Salary Exchange Car Scheme is based upon a leasing agreement between the University of Exeter and ALD Automotive. All the terms imposed on the University are, so far as is relevant to the hire of a vehicle by an employee apply to the employee. The legal owner of the car will be ALD Automotive but for the purpose of the agreement between the employee and the University, the owner will be the University, which is responsible for the administration of the scheme. The employee must enter into a formal agreement with the University in order to participate in the Scheme. This is the formal agreement.

1.3 Signature of the agreement shown as Appendix 2 of this document will be taken as an indication that you have read and understood the whole of this document and that you accept the terms and conditions of this agreement as legally binding on you the employee.

In this policy: