High earning top executives are definitely receiving higher pay outs. Such employees termination payment would typically comprise:: An amount as a redundancy payment (including a statutory redundancy payment (“Redundancy Payment”); An amount as compensation payment for loss of notice of the Employee’s notice period (“Notice Compensation Payment”); and An amount as compensation for loss of employment (“ […]
Entries from March 25th, 2010
Employment Lawyer – Termination Payment – Compromise Agreement – Redundancy Payments
March 25th, 2010 · 7 Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Necessity for Legal Advice on the Terms of Your Compromise Agreement, Payment in Lieu of Notice, Payment Terms, Redundancy, Redundancy Pay, Settlement Payment, Signing Compromise Agreements, Statutory Redundancy Pay, Termination Date, Termination of Employment, Termination Payment
Tags: Employment Lawyer - Termination Payment - Compromise Agreement - Redundancy Payments
Employment Solicitors – Signing a Compromise Agreement – Counterparts
March 24th, 2010 · No Comments · About Compromise Agreement Blog, Benefits - What happens to your Benefits once you sign a Compromise Agreement?, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Counterparts, Post Termination Restrictions after Signing a Compromise Agreement, Signing Compromise Agreements
Some employers are happy for the compromise agreement to be signed in counterparts. That means each party signs a separate agreement and they exchange so the employee gets a copy signed by the employer and the employer a copy signed by the employee. The compromise agreement has to make allowances for this, otherwise both parties […]
Tags: Employment Solicitors - Signing a Compromise Agreement - Counterparts
Employment Lawyers – Handover
March 22nd, 2010 · 1 Comment · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Handover, Termination Date, Termination of Employment, Termination Payment
Depending on an employee’s roles and responsibilities, the employee may have to do a formal hand over. In some cases this is also stated in the compromise agreement, not often. Off course the hand over will usually take place before the termination date. The provision in the compromise agreement will state for instance that: “The […]
Employment Lawyers – Purchase of Company Car – Compromise Agreement
March 18th, 2010 · No Comments · About Compromise Agreement Blog, Company Car, Completion Date of your Compromise Agreement, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Offer from your employer, Redundancy, Return of Company Property after Signing a Compromise Agreement, Termination Date, Termination of Employment
We are seeing a number of top executives being given the option to purchase their company cars when made redundant. These employees tend to be very senior high earners. Usually a vlaue will be put on the car by the employer, but still favourable to the employee. The employee is usually asked to confirm in […]
Tags: Employment Lawyers - Purchase of Company - Car Compromise Agreement
Employment Lawyers – Bringing a Claim for Unfair Dismissal and Redundancy
March 15th, 2010 · No Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Redundancy, Signing Compromise Agreements, Unfair Dismissal
Some of the recent enquiries we have received have been about when an employee may bring a claim for unfair dismissal, if the employee has been made redundant. In order for any employee to pursue an employer for unfair dismissal on the grounds of redundancy (the employee should have been in employment for 1 year), the employee must […]
Tags: Employment Lawyers - Bringing a Claim for Unfair Dismissal and Redundancy
Employment Lawyers – Maternity Rights – Compromise Agreements – Redundancy
March 9th, 2010 · 3 Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Consultation, Maternity Rights, Redundancy, Your Compromise Agreement is a Binding Contract
One of the recent enquiry we received was from an employee that was pregnant and had been with her employer for 6 months and was told she was at risk of redundancy. In order for any employee to pursue an employer for unfair dismissal on the grounds of redundancy (she should have been in her […]
Employment Lawyers – Consultation Meetings
March 1st, 2010 · 1 Comment · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Consultation, Signing Compromise Agreements
We have had recent enquiries where employees:- have been given notice of being at risk of redundancy when they were due to go on holiday; in some cases being asked to consider and come up with options whlist on holidays; and the day of the consultation meeting being on the day they return to the […]
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