With this it will be convenient to discuss the following:
Government amendments 22 and 23.
Amendment 60 in clause 25, page 32, line 13, leave out ‘or becomes’.
Government amendment 24.
Amendment 37, page 32, line 14, at end insert—
‘(za) the individual has been an employee of a company for at least two years.’.
Amendment 61, page 32, line 15, leave out ‘the company’ and insert ‘a majority of the employees of the company’.
Government amendment 25.
Amendment 62, page 32, line 21, after ‘£2,000’, insert—
‘if the individual has been an employee of the company for less than three years, increased by an additional £2,000 for every additional year for which the individual has been an employee of the company’.
Amendment 40, page 32, line 23, at end insert—
‘(1A) The Secretary of State shall make by statutory instrument such regulations as are necessary to safeguard an employee who declines to enter into an agreement under subsection (1) from any consequential detriment.
(1B) The Secretary of State may not make any regulations under subsection (1A) unless a draft of the statutory instrument containing the regulations has been laid before, and approved by, a resolution of each House of Parliament.’.
Amendment 41, page 32, line 23, at end insert—
‘(1C) The Secretary of State shall issue such guidance as is necessary to safeguard any person who declines to enter into an agreement under subsection (1) from any consequential reduction or withdrawal of any state benefit to which they are entitled by virtue of their current employment status.’.
Amendment 63, page 32, line 23, at end insert—
‘(1A) The Secretary of State shall provide by regulations for there to be, for every company having employee shareholders, a director who is elected by those employee shareholders.
(1B) Regulations under subsection (1A) shall be made by statutory instrument and shall not be made unless a draft has been laid before and approved by resolution of each House of Parliament.’.
Amendment 39, page 32, line 24, leave out from beginning to end of line 11 on page 33.
Government amendments 26 to 31, 64, 65, 32 and 66.