If you are an employee, you should be aware of the date when you are meant to commence garden leave and check the date in your compromise agreement to ensure that the compromise agreement is signed before you take garden leave or some other arrangements are in place.
Entries Tagged as 'About Compromise Agreement Blog'
Compromise Agreement Advice – Garden Leave
November 11th, 2009 · 20 Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Garden Leave, Your Compromise Agreement is a Binding Contract
Compromise Agreement Solicitors – Taxation of Termination Pay
November 7th, 2009 · 4 Comments · About Compromise Agreement Blog, Basic Rate of Tax, Compromise Agreement Solicitors, Compromise Agreements, Settlement Payment, Signing Compromise Agreements, Taxation, Termination Date, Termination Payment
We are still being asked about taxation of Settlement Payment or some people refer to it as Termination Payment. The correct advice is that the first £30,000 of an employee’s Termination Payment will be paid without deduction of income tax in accordance with section 403 of the Income Tax (Earnings and Pensions) Act 2003. If an employee’s Settlement […]
Tags: Compromise Agreement Solicitors - Taxation of Termination Pay
Pension Contributions – After Signing Compromise Agreement
November 3rd, 2009 · 7 Comments · About Compromise Agreement Blog, Compromise Agreement Solicitors, Pension Rights, Signing Compromise Agreements, Termination Date, Termination of Employment, Your Compromise Agreement is a Binding Contract
As we have discussed in this blog previously, an employee’s entitlements to any benefits such as pension rights (which will not be provided for in a compromise agreement) will cease on the employee’s Termination Date (see earlier blog). Some companies are paying employees up to three months’ standard company employer pension contributions into the employee’s pension fund. As pension rights are […]
Tags: Pension Contributions - After Signing Compromise Agreement
What Reference Can you Expect? – Going Through Redundancy and Compromise Agreement- Redundancy Law
October 28th, 2009 · No Comments · About Compromise Agreement Blog, Breach of Confidential Information, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Confidentiality Provisions in a Compromise Agreements, Employment Lawyers, Employment Solicitors, Employment Tribunals, Keeping the Terms of your Compromise Agreement Confidential, Redundancies, Redundancy, Redundancy law, Reference, Signing Compromise Agreements, Your Compromise Agreement is a Binding Contract
If you have been made redundant and have been asked to sign a compromise agreement, then your employer usually would provide you with a reference. Your employer in the future will be subject to the confidentiality provisions set out in your compromise agreement (which you both will sign), so if your employer receives any written reference […]
Tags: What Reference Can you Expect? - Going Through Redundancy and Compromise Agreement
Completion Date when your Compromise Agreement becomes Binding
October 22nd, 2009 · No Comments · About Compromise Agreement Blog, Completion Date of your Compromise Agreement, Compromise Agreements, Signing Compromise Agreements, Termination Date, Without Prejudice Discussions, Your Compromise Agreement is a Binding Contract
Both employers and employees have to be aware of the completion date of a compromise agreement. In some cases the employer might put the termination date and the completion date as the same. This works if the employee is in the UK (not on holidays or travelling) and able to get the compromise agreement signed […]
Tags: Completion Date when your Compromise Agreement becomes Binding
Adviser’s Certificate – Compromise Agreements
October 18th, 2009 · No Comments · About Compromise Agreement Blog, Adviser's Certificate in Your Compromise Agreement, Compromise Agreements, Signing Compromise Agreements
Employers and Employees should note that in the adviser’s certificate of a compromise agreement (it is usually attached as a schedule to the compromise agreement), you have to now refer to the Senior Courts instead of the Supreme Courts, as the law changed recently.
Can You Increase your Offer? – Compromise Agreement
October 6th, 2009 · No Comments · About Compromise Agreement Blog, Compromise Agreements, Entitlement to Untaken Accrued Holidays, Offer from your employer, Signing Compromise Agreements, Untaken Holidays, Without Prejudice Discussions, Your Compromise Agreement is a Binding Contract
Even if you instigate redundancy or you are chosen for redundancy, there is usually some room to try and improve your offer from your employer. You can only ask but you must be able to justify why the offer should be increased. You must have a valid reason in order to persuade your employer to […]
Payment Terms – Compromise Agreements
October 2nd, 2009 · No Comments · About Compromise Agreement Blog, Compromise Agreements, Payment Terms
Employees that have been made redundant, and have subsequently become a party to a compromise agreement with their ex-employers, should always ensure that their employers adhere to their obligations under their compromise agreements. Often, the most important stipulations which the employees should pay attention to are payment terms under their compromise agreements. Compromise agreements should […]
Breach of Confidential Information – Compromise Agreements
August 29th, 2009 · 24 Comments · About Compromise Agreement Blog, Breach of Confidential Information, Compromise Agreements, Confidentiality Provisions in a Compromise Agreements, Contract of Employment, Keeping the Terms of your Compromise Agreement Confidential
We have addressed the topic of confidentiality many times before. We are still finding that both employers and employees are at risk of breaching the confidentiality provisions in compromise agreements. For employers it is usually in relation to references. For employees they sometimes do not know what they are allowed to disclose to their new […]
Tags: Breach of Confidential Information - Compromise Agreements
Derogatory Comments – Compromise Agreement
July 30th, 2009 · No Comments · About Compromise Agreement Blog, Compromise Agreements, Derogatory Comments
One of the provisions in a compromise agreement that sometimes causes a lot of negotiations is the following:- The Employer agrees that, subject to its legal or regulatory obligations to third parties, it shall not make or publish any derogatory or disparaging statement concerning the Employee or do anything which is intended to or which […]
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