A number of senior management (when facing redundancy/dismissal) have been given the option bytheir employers to purchase their company cars . The terms of the purchase will be included in the employees’ compromise agreements: “You may purchase the company car at a value specified by the Employer’s [ ] department. This option is exercisable in writing by you by [...]
Entries Tagged as 'Company Car'
Employment Lawyers – Purchase of Company Car – Compromise Agreements
May 10th, 2010 · No Comments · About Compromise Agreement Blog, Company Car, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Consultation, Employment Lawyers, Offer from your employer, Signing Compromise Agreements, Termination Date, Termination of Employment, Termination Payment, Your Compromise Agreement is a Binding Contract
Tags: Employment Lawyers - Purchase of Company Car - Compromise Agreements
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