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 (“ […]
Entries Tagged as 'Payment in Lieu of Notice'
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
Tags: Employment Lawyer - Termination Payment - Compromise Agreement - Redundancy Payments
Employment Lawyers – Termination – Constructive Dismissal – Payment in Lieu of Notice (PILON) – PILON Payment or Termination Payment?
January 15th, 2010 · 13 Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, National Insurance Contributions, Payment in Lieu of Notice, Payment Terms, Post Termination Restrictions after Signing a Compromise Agreement, Redundancy, Settlement Payment, Termination Date, Termination of Employment, Termination Payment
Recent Case: Employment Law: Termination – Constructive Dismissal – Payment in Lieu of Notice (PILON) – PILON Payment or Termination Payment? In this case of Clinton v HMRC [2010], an employer sought to terminate the employment of an employee and the employee sought to bring a claim for constructive dismissal against the employer. The employer […]
Garden Leave – Compromise Agreements
September 13th, 2009 · No Comments · Compromise Agreements, Dismissal Before the Termination Date, Entitlement to Untaken Accrued Holidays, Garden Leave, Payment in Lieu of Notice, Pension Rights, Signing Compromise Agreements, Termination Date, Termination of Employment, Untaken Holidays, Your Compromise Agreement is a Binding Contract
There are circumstances when an employee may be placed on garden leave before the employee’s termination date and the signing of the employee’s compromise agreement. If you are an employee and you find yourself in this situation you have to ensure that, during the period you are at home outside the office, you are still […]
Warranties in Compromise Agreements Continued
April 22nd, 2009 · No Comments · Adviser's Certificate in Your Compromise Agreement, Choosing an Independent Legal Advisor to provide Advice on the Terms of your Compromise Agreement, Compromise Agreements, Payment in Lieu of Notice, Warranties
We are continuing with our discussion on warranties in compromise agreements. Our previous entries explain a number of warranties that you will have to give to your employer. One of the key warranties is that: You have received independent legal advice on all and any claims that you might be able to bring against your […]
Warranties in Compromise Agreements Continued
April 21st, 2009 · No Comments · Compromise Agreements, Necessity for Legal Advice on the Terms of Your Compromise Agreement, No Entitlement to Compensation, Payment in Lieu of Notice, Termination Date, Termination of Employment, Warranties, Your Compromise Agreement is a Binding Contract
We have been discussing warranties in compromise agreements. Our previous entries explain a number of warranties that you will have to give to your employer. One of the key warranties is that: You have received independent legal advice on all and any claims that you might be able to bring against your Employer in the […]
If you are Offered a Job during the Consultation Period
March 15th, 2009 · No Comments · Compromise Agreements, No Entitlement to Compensation, Payment in Lieu of Notice, Payment of Normal Salary, Signing Compromise Agreements
Sometimes your employer may give you a compromise agreement, you may have got as far as obtaining independent legal advice, and you are offered a job during the consultation period. If you accept this job, you will no longer be entitled to redundancy payment. The compromise agreement will no longer be valid.
Tags: If you are Offered a Job during the Consultation Period
What does payment of salary in Lieu of Notice mean?
March 14th, 2009 · 17 Comments · Basic Rate of Tax, Compromise Agreements, Contract of Employment, National Insurance Contributions, Payment in Lieu of Notice, Payment of Normal Salary
A number of employees that we come across do not seem to know the meaning of payment in lieu of notice. What does it mean? It means that your employer is paying you upfront so you do not have to work out your notice period. So, for instance, if you have a 3 months’ notice period […]
When would you get Paid?
March 13th, 2009 · No Comments · Adviser's Certificate in Your Compromise Agreement, Choosing an Independent Legal Advisor to provide Advice on the Terms of your Compromise Agreement, Compromise Agreements, Entitlement to Untaken Accrued Holidays, Necessity for Legal Advice on the Terms of Your Compromise Agreement, No Admission of Liability on the Part of your Employer, No Entitlement to Compensation, Payment in Lieu of Notice, Payment of Normal Salary, Return of Company Property after Signing a Compromise Agreement, Signing Compromise Agreements, Termination Date
Your employer without any admission of liability will pay you within 14 – 60 days of the latest of the following occuring: The Termination Date; Receipt by your employer of the signed copy of your Compromise Agreement (signed by you and witnessed by a third party) and containing the Independent Adviser’s certificate (signed by an independent lawyer such as a […]
Tags: When would you get Paid?
NI Contributions on Payment in Lieu of Notice
February 25th, 2009 · No Comments · Compromise Agreements, Payment in Lieu of Notice
NI contributions are payable on any payment of salary in lieu of notice.
Payment in Lieu of Notice
February 21st, 2009 · 13 Comments · Payment in Lieu of Notice
All payments in lieu of notice are subject to tax and national insurance contributions in the usual way. The amount that your employer has to pay you which represents your payment in lieu of notice will be included in your Compromise Agreement.