If you are an employee, your employer may ask you to give a warranty in your compromise agreement that before the Termination Date you will delete irretrievably any information relating to the business or business contacts of the Employer that you have stored on any magnetic or optical disk or memory of any personal electronic devices, […]
Entries Tagged as 'Compromise Agreements'
Advice on Employment Law – Return of Property to Employers
November 16th, 2009 · No Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Dismissal Before the Termination Date, Return of Company Property after Signing a Compromise Agreement, Signing Compromise Agreements, Termination Date, Warranties, Your Compromise Agreement is a Binding Contract
Tags: Advice on Employment Law - Return of Property to Employers
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
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.
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
If you are Feeling Unwell – should you Sign a Compromise Agreement?
October 31st, 2009 · No Comments · Compromise Agreements, Feeling Unwell - Signing a Compromise Agreement, Offer from your employer, Signing Compromise Agreements, Your Compromise Agreement is a Binding Contract
If an employee attends our office to receive advice on a compromise agreement and he/she appears to be and/or we are informed by the employee that he/she is feeling unwell, we will have to discuss with the employee whether the employee is able to appreciate the full implications of signing such an agreement. In most cases, we would ask […]
Tags: If you are Unwell - should you Sign a 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 […]
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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 […]
Breaching Confidentiality Provisions – Compromise Agreements
September 18th, 2009 · 3 Comments · Breach of Confidential Information, Choosing an Independent Legal Advisor to provide Advice on the Terms of your Compromise Agreement, Compromise Agreements, Confidentiality Provisions in a Compromise Agreements, Keeping the Terms of your Compromise Agreement Confidential
We discussed the fact that both an employee as well as an employer have to mantain confidentiality with regards to the confidentialty provisions in a compromise agreement. We are now going to look at what could happen if such provisions are breached by either party. In summary: The party claiming breach would need to have […]
Tags: Breaching Confidentiality Provisions - Compromise Agreements