Where senior executives have been paid handsomely, they are usually required to sign a compromise agreement in which they would have to, for a period of twelve (12) months following the Termination Date, undertake to notify the employer when an offer of alternative employment has been made and agree to provide the employer with such […]
Entries Tagged as 'About Compromise Agreement Blog'
Employment law Advice For Employers, Redundancies, Compromise Agreements – Offer of Employment
July 2nd, 2010 · No Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Job Offer during consultation period, Offer of Employment, Post Termination Restrictions after Signing a Compromise Agreement, Redundancy, Redundancy Pay, Settlement Payment, Severance Pay, Signing Compromise Agreements, Statutory Redundancy Pay, Termination Date, Termination of Employment, Termination Payment
Tags: Compromise Agreements - Offer of Employment·Employment law Advice For Employers·Redundancy Solicitors
Employment Law Advice – Employment Lawyer – Compromise Agreement – Employment Solicitors
June 27th, 2010 · 1 Comment · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Contract of Employment, Employment Lawyers, Employment Solicitors, Notice Periods, Payment in Lieu of Notice, Payment Terms, Redundancy, Redundancy Pay, Settlement Payment, Severance Pay, Signing Compromise Agreements, Statutory Redundancy Pay
It is important to note that a contract of employment must include at the least the statutory minimum notice period. Where an employment contract contains a notice period that is less than the statutory notice period, this clause would be void. The current statutory minimum notice periods are as follows: One week if the employee’s […]
Tags: Employment Law Advice - Employment Lawyer - Compromise Agreement - Employment Solicitors
Employment Solicitors – Reference – Compromise Agreements Advice
June 14th, 2010 · No Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Reference, Your Compromise Agreement is a Binding Contract
Typically, employers simply state that they would provide a reference for an employee who has been made redundant or dismissed. However, some employers are going the further mile and adding terms such as:- …The employer shall on request for a refererence, provide the employee’s prospective employers with a written reference substantively in the agreed terms and deal with any oral […]
Tags: Employment Solicitors - Reference - Compromise Agreements Advice
Employment Lawyers Compromise Agreements – Severance Compensation – PILON
June 13th, 2010 · 2 Comments · About Compromise Agreement Blog, Choosing an Independent Legal Advisor to provide Advice on the Terms of your Compromise Agreement, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, National Insurance Contributions, Payment in Lieu of Notice, Payment Terms, Redundancy Pay, Settlement Payment, Severance Pay, Statutory Redundancy Pay, Taxation, Termination Date, Termination of Employment, Termination Payment, Your Compromise Agreement is a Binding Contract
We are receiving a number of enquiries where employers are only offering employees Payment in Leiu of Notice (PILON) as their compensation for loss of employment. Typically employers are paying Severance Compensation as follows: The employer will on its own behalf, and on behalf of all its associated companies, without any admission of liability whatsoever […]
Tags: Employment Lawyers Compromise Agreements - Severance Compensation - PILON
Employment Lawyers – Payment in Lieu of Notice – Employment Solicitors – Compromise Agreements Solicitors
June 8th, 2010 · 2 Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Consultation, Employment Lawyers, Employment Solicitors, Necessity for Legal Advice on the Terms of Your Compromise Agreement, Payment in Lieu of Notice, Payment of Normal Salary, Payment Terms, Post Termination Restrictions after Signing a Compromise Agreement, Settlement Payment, Termination Payment, Without Prejudice Discussions, Your Compromise Agreement is a Binding Contract
Employees are constantly asking us whether their payments in lieu of notice (PILON) ought to be taxed. The answer is yes, theywill be taxed in the usual way plus national insurance will be payable. Any PILON will be included in an employee’s compromise agreement. If you require further information please contact us at enquiries@rtcooperssolicitors.com or visit one […]
Tags: Compromise Agreements Solicitors·Employment Lawyers·Employment Solicitors·Payment in Lieu of Notice
Employment Lawyers London – Employment Solicitors – Compromise Agreement Solicitors London
June 2nd, 2010 · 69 Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Contract of Employment, Dismissal Before the Termination Date, Employment Lawyers, Employment Solicitors, Reason for Leaving, Redundancy, Reference, Restrictive Covenants, Termination Date, Your Compromise Agreement is a Binding Contract
An employee must ensure that any reason given by an employer in a compromise agreement for the employee leaving his/her employment is accurate. Commonly, compromise agreements will say “your employment shall terminate on the Termination Date by reason of redundancy” or “your employment shall terminate on the Termination Date by mutual agreement”. It is not unheard of […]
Tags: Employment Lawyers London - Employment Solicitors - Compromise Agreement Solicitors London
Employment Lawyers London – Job Offers during Period of Redundancy – Compromise Agreements
May 18th, 2010 · 5 Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Consultation, Employment Lawyers, Employment Solicitors, Job Offer during consultation period, Offer from your employer, Settlement Payment, Signing Compromise Agreements, Termination Payment, Your Compromise Agreement is a Binding Contract
One of the issues that employees tend to face is when they can start looking for a new job if faced with redundancy. You can start straightaway, but if offered a job the employee must inform the employer as one of the provisions in a compromise agreement is that at the date of signing the compromise agreement […]
Tags: Employment Lawyers London - Job Offers during Period of Redundancy - Compromise Agreements
Employment Lawyers – Purchase of Company Car – Compromise Agreements
May 10th, 2010 · No Comments · About Compromise Agreement Blog, Company Car, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Consultation, Employment Lawyers, Offer from your employer, Signing Compromise Agreements, Termination Date, Termination of Employment, Termination Payment, Your Compromise Agreement is a Binding Contract
A number of senior management (when facing redundancy/dismissal) have been given the option bytheir employers to purchase their company cars . The terms of the purchase will be included in the employees’ compromise agreements: “You may purchase the company car at a value specified by the Employer’s [ ] department. This option is exercisable in writing by you by […]
Tags: Employment Lawyers - Purchase of Company Car - Compromise Agreements
Employment Lawyers – Post Termination Provisions
May 5th, 2010 · 7 Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Contract of Employment, Dismissal Before the Termination Date, Employment Lawyers, Keeping the Terms of your Compromise Agreement Confidential, Post Termination Restrictions after Signing a Compromise Agreement, Restrictive Covenants, Termination Date, Termination of Employment, Termination Payment, Your Compromise Agreement is a Binding Contract
Post Termination Obligations When senior executives are leaving a company, the company may add additional clauses to their compromise agreements to ensure that they are bound. A typical clause would be “You acknowledge that you will continue to be bound by the terms of your employment contract in relation to Confidentiality, Intellectual Property, Inventions and Patents and […]
Employment Law Advice – Garden Leave – Compromise Agreement – Dismissal – Redundancy
April 28th, 2010 · 6 Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Dismissal Before the Termination Date, Employment Lawyers, Garden Leave, Redundancy, Redundancy Pay, Restrictive Covenants, Settlement Payment, Signing Compromise Agreements, Termination of Employment, Termination Payment, Your Compromise Agreement is a Binding Contract
A number of employees are being placed on garden leave and do not know what to expect during this period. You can be put on garden leave up to and including your termination date. If you are an employee, your employer may require you to sign a compromise agreement whilst on garden leave. This means that you […]
Tags: Employment Law Advice - Garden Leave - Compromise Agreement - Dismissal - Redundancy