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 […]
Entries Tagged as 'Termination Date'
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
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
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 Lawyers – Handover
March 22nd, 2010 · 1 Comment · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Handover, Termination Date, Termination of Employment, Termination Payment
Depending on an employee’s roles and responsibilities, the employee may have to do a formal hand over. In some cases this is also stated in the compromise agreement, not often. Off course the hand over will usually take place before the termination date. The provision in the compromise agreement will state for instance that: “The […]
Employment Lawyers – Purchase of Company Car – Compromise Agreement
March 18th, 2010 · No Comments · About Compromise Agreement Blog, Company Car, Completion Date of your Compromise Agreement, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Offer from your employer, Redundancy, Return of Company Property after Signing a Compromise Agreement, Termination Date, Termination of Employment
We are seeing a number of top executives being given the option to purchase their company cars when made redundant. These employees tend to be very senior high earners. Usually a vlaue will be put on the car by the employer, but still favourable to the employee. The employee is usually asked to confirm in […]
Tags: Employment Lawyers - Purchase of Company - Car Compromise Agreement
Employment Lawyers – Restricitve Covenants Compromise Agreements
February 10th, 2010 · No Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Non Solicitation, Restrictive Covenants, Signing Compromise Agreements, Termination Date, Termination of Employment, Your Compromise Agreement is a Binding Contract
Continuing with Restrictive Covenants An employer may restrict an employee with regards to clients:- The employee shall not at any time during the period of twelve months from the employee’s termination date (provided that nothing in this clause shall prevent the employee seeking or doing of business which is not competing business): either directly or indirectly, solicit, canvass […]
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Compromise Agreements – Non Solicitation Clauses – Restrictive Covenants
February 3rd, 2010 · 7 Comments · About Compromise Agreement Blog, Breach of Confidential Information, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Confidentiality Provisions in a Compromise Agreements, Contract of Employment, Keeping the Terms of your Compromise Agreement Confidential, Non Solicitation, Restrictive Covenants, Signing Compromise Agreements, Termination Date, Termination of Employment, Your Compromise Agreement is a Binding Contract
Where employees are senior executives, employers are reinforcing the non solicitation clauses in the compromise agreement even though such clauses are already set out in the employee’s contract of employment. A restrictive covenant in relation to other employees might state:- The employee shall not at any time during the period of twelve months from the […]
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Employment Lawyers – Compromise Agreements Solicitors
January 25th, 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, Contract of Employment, Garden Leave, Signing Compromise Agreements, Termination Date, Termination of Employment, Your Compromise Agreement is a Binding Contract
If you are on gardening leave and have been given a termination date for the termination of your employment, you may be required to notify your current employer if you have been offered a new job before the end of the termination date. Usually once the employee notifies the employer, the employee’s employment would come […]
Tags: Employment Lawyers London - Compromise Agreements Solicitors
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 […]
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
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, […]
Tags: Advice on Employment Law - Return of Property to Employers