Season Ticket Loan Agreement

Proof of the purchase of the seasonal card must be presented to the human resources department within 2 weeks of payment of the loan. If this is not possible, the result will be an immediate full refund of all outstanding items. Buying an annual card is generally cheaper than buying weekly or monthly tickets, with some operators offering an annual card at the equivalent price of 40 weekly tickets. University staff can also receive an additional 10% discount from select suppliers through the Leicestershire SmartGO programme. Any alleged abuse of permanent card credit agreements (for example. B evidence that the loan was used for other purposes) is investigated through the university`s disciplinary policy and disciplinary procedure. Loans are made in the form of a salary advance. Once the loan is received, the payslip begins with regular deductions from your salary. Under no circumstances can the repayment period exceed the duration of the permanent card or your employment contract. This season ticket loan form provides that the company recovers the remaining portion of the permanent card credit when the employee leaves the company`s job before the full seasonal card loan is paid off. This season card form should be used for an employee to apply for a loan to purchase a seasonal card. Before granting a permanent card loan to a worker, the employer should require the worker to sign a written agreement allowing the employer to deduct the worker`s salary as a loan repayment.

Without this prior written consent, it is illegal for an employer to make deductions on the employee`s salary. The permanent card will not be automatically renewed at the end of the twelve months: you will have to apply for a new ticket according to the same procedure. Completed application forms must be forwarded to the human resources department at least four weeks prior to the credit application, along with an offer from the tour operator. In all cases, original copies of the documentation must be provided. The university individually reviews each application for a permanent card loan and reserves the right to delay or reject an application. Below is a list of terms and conditions for all permanent card loans. After receiving the application form, the human resources department verifies the application before sending it to Payroll. A credit payment is then made to your bank account so you can buy your seasonal card online or at the booking office. Monthly deductions from your salary for 12 months are then processed. | New Brunswick, NJ