We are seeing a number of situations where senior executives who have a wealth of experience are being kept on by employers after being made redundant.
In such cases a compromise agreement would be issued and signed by both parties and the employee would be paid. As there is likely to be a long period between termination and the issuing of the first compromise agreement, the employee will be required to sign a further agreement confirming that the warranties are still accurate, to cover any issues that may have arisen during the period in question.
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