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 […]
Entries Tagged as 'Termination Payment'
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
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
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 – 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 […]
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