If you breach the terms of your settlement agreement after having been made redundant, you would have to repay the enhanced amount of redundancy payment that was paid to you. Employees are usually alarmed about this. We have seen cases where employers go further and ask for a full indemnity in the event of a breach […]
Entries Tagged as 'Indemnity'
Breaching the terms of your settlement agreement
February 24th, 2014 · No Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Enhanced Redundancy Pay, Legal Fees, Redundancies, Redundancy, Redundancy law, Redundancy Pay, Repayment of Redundancy Pay, Settlement Agreement, Settlement Agreement Lawyer, Settlement Agreement Solicitor, Settlement Payment, Termination of Employment, Your Compromise Agreement is a Binding Contract
Tags: breach·enhanced amount·Indemnity·legal costs·Made Redundant·Redundancy Payment·Settlement Agreement
Employment Law, Indemnity, Tax, Compromise Agreement
January 11th, 2012 · No Comments · Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, HMRC, Indemnity, Independent Legal Advice, Redundancies, Redundancy, Redundancy law, Taxation
The issue of redundancy tax can be a confusing one. Compromise agreements usually contain tax indemnities, meaning if Her Majesty’s Revenue & Customs (HMRC) makes claims for penalties from an ex-employer, the ex-employee has to indemnify the ex-employer for any taxes due. This would apply if for example, there has been a miscalculation of taxes […]