The pay award sparked anger across the political spectrum with one Lib Dem minister calling for Mr Hester to waive the payment and the Mayor of London, Conservative Boris Johnson, urging the government to "step in".

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Only those who file for and receive a lump-sum payment later in the year will waive their right to litigate.

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In order to challenge the fine, I was told that I would have to waive the opportunity to use the early-payment discount - worth 50% of the fine.

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However, agencies are asking supply teachers to sign a contract - known as a Swedish Derogation - to waive this right in exchange for continuous employment or a minimum payment if work is not available.

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For customers experiencing financial hardship, Chase may restructure loans to reduce interest rates, waive late and over-limit fees, and extend repayment terms through a variety of internal and external payment programs.

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