If an employee agrees to take voluntary severance, the employee may have a 3 – 6 month’s notice period. The employee’s employment would end at the end of the notice period (‘the Termination Date’) by mutual agreement. It is usual practice to place the employee on garden leave up to and including the Termination Date.
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Entries Tagged as 'Early Retirement'
Employment Lawyers, Voluntary Severance
July 13th, 2010 · No Comments · About Compromise Agreement Blog, Completion Date of your Compromise Agreement, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Dismissal Before the Termination Date, Early Retirement, Employment Lawyers, Employment Solicitors, Garden Leave, Payment Terms, Payment in Lieu of Notice, Payment of Legal Advisers, Payment of Normal Salary, Redundancy, Redundancy Pay, Signing Compromise Agreements, Termination of Employment, Voluntary Severance
Early Retirement – Pension Rights – Compromise Agreements
August 21st, 2009 · No Comments · Compromise Agreements, Early Retirement, Pension Rights
You may be considering early retirement or you have already made the decision to retire early. Your employer may ask you to sign a compromise agreement. As explained in previous entries on pension rights and compromise agreements, the amount of pension you will receive and other terms pertaining to your pension will not included in [...]
Tags: Early Retirement - Pension Rights - Compromise Agreements