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 […]
Entries Tagged as 'Compromise Agreement Solicitor'
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
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
Compromise Agreements – Termination Payments including Payment in lieu of Notice
April 25th, 2010 · No Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Payment in Lieu of Notice, Payment of Legal Advisers, Payment of Normal Salary, Payment Terms, Redundancy Pay, Settlement Payment, Statutory Redundancy Pay, Termination Date, Termination Payment, Your Compromise Agreement is a Binding Contract
Employees should pay particular attention to ex-gratia termination payments which are stated to include compensation for failure to give the employee the full contractual notice (of termination), due to the tax implications in respect of the contractual notice payment element. If you require further information please contact us at enquiries@rtcooperssolicitors.com or visit one of the […]
Tags: Compromise Agreements·lieu of Notice·Termination Payments·Termination Payments including Payment
Compromise Agreements – Banked Holidays
April 13th, 2010 · No Comments · About Compromise Agreement Blog, Banked Holidays, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Entitlement to Untaken Accrued Holidays, Payment in Lieu of Notice, Payment of Legal Advisers, Payment of Normal Salary, Payment Terms, Redundancy, Redundancy Pay, Settlement Payment, Signing Compromise Agreements, Statutory Redundancy Pay, Untaken Holidays, Your Compromise Agreement is a Binding Contract
Some employers are including banked holidays as part of the settlement payment for employees that are facing redundancy. Therefore, if you are an employee facing redundancy, please check with your employer to see whether banked holidays would be taken into account in determining your settlement payment. If you require further information please contact us at […]
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Compromise Agreements – Settlement Payments
April 2nd, 2010 · No Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Contract of Employment, Employment Lawyers, Redundancy, Redundancy Pay, Settlement Payment, Signing Compromise Agreements, Statutory Redundancy Pay, Your Compromise Agreement is a Binding Contract
A number of employers are choosing to pay the statutory payments to employees on redundancy. This is the minimum that an employer can pay an employee. Payments above the statutory amount are at the discretion of the employer (unless otherwise agreed between the employer and employee). If you require further information please contact us at enquiries@rtcooperssolicitors.com […]
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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
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 (“ […]
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