It is important to note that a contract of employment must include at the least the statutory minimum notice period. Where an employment contract contains a notice period that is less than the statutory notice period, this clause would be void. The current statutory minimum notice periods are as follows:
One week if the employee’s period [...]
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An employee must ensure that any reason given by an employer in a compromise agreement for the employee leaving his/her employment is accurate.
Commonly, compromise agreements will say “your employment shall terminate on the Termination Date by reason of redundancy” or “your employment shall terminate on the Termination Date by mutual agreement”. It is not unheard of for [...]
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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 Post-Termination Obligations.”
If [...]
A number of employers are choosing to pay the statutory payments to employees on redundancy. This is the minimum that an employer can pay an employee.
Payments above the statutory amount are at the discretion of the employer (unless otherwise agreed between the employer and employee).
If you require further information please contact us at enquiries@rtcooperssolicitors.com or visit [...]
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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 date of [...]
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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
It is worth mentioning again that if you are an employee and you have been asked to sign a compromise agreement, you should submit your final expenses claim (form) to your employer within a specificed time (usually this time period is set out in your contract of employment). This is usually within five days of completion [...]
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We have addressed the topic of confidentiality many times before. We are still finding that both employers and employees are at risk of breaching the confidentiality provisions in compromise agreements. For employers it is usually in relation to references. For employees they sometimes do not know what they are allowed to disclose to their new [...]
Tags: Breach of Confidential Information - Compromise Agreements
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:
1. You have received independent legal advice on all and any claims that you might be able to bring against your [...]