Compromise Agreements Solicitors & Lawyers » Offer from your employer

Employment Lawyers – Compromise Agreements – Offer made by Employer

admin — Fri, 23 Jul 2010 07:17:23 +0000

If you are an employee, our employment lawyers cant stress enough how important it is to take independent legal advice as early as possible from emoployment solicitors and not to delay especially if your employer has given you a date by which to accept the offer and return your signed compromise agreement. A number of employees that our employment lawyers are seeing are failing to appreciate the importance of their oiffer. At this stage it is only an offer and the offer could be withdrawn if you intend to and fail to accept it by the prescribed time.

If you require further information please contact us at enquiries@rtcooperssolicitors.com or visit one of the following pages on employment law:

© RT COOPERS, 2010. This Briefing Note does not provide a comprehensive or complete statement of the law relating to the issues discussed nor does it constitute legal advice. It is intended only to highlight general issues. Specialist legal advice should always be sought in relation to particular circumstances.

Employment Lawyers London – Job Offers during Period of Redundancy – Compromise Agreements

admin — Tue, 18 May 2010 04:18:10 +0000

One of the issues that employees tend to face is when they can start looking for a new job if faced with redundancy. You can start straightaway, but if offered a job the employee must inform the employer as one of the provisions in a compromise agreement is that at the date of signing the compromise agreement the employee has not been offered a job:

…The employee warrants as a strict condition of this Agreement that, as at the date of this Agreement, the employee has not:

(a) been offered any employment or consultancy or similar earning activity by any person, company, firm or other organisation whatsoever,

(b) received an indication from a third party that you may receive such an offer from any specific company, business entity, person or organisation, or

The employee should ensure that this is brought up during negotiations. If the employee accepts the offer of a new job and signs the compromise agreement with this provision in it, the employee would be in breach of warranty and may have to repay some of the settlement pay to the employer.

If you require further information please contact us at enquiries@rtcooperssolicitors.com or visit one of the following pages on employment law:

Employment Lawyers – Purchase of Company Car – Compromise Agreements

admin — Mon, 10 May 2010 21:51:35 +0000

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 the date not later than one month after the Termination Date, after which it will lapse.”

If you require further information please contact us at enquiries@rtcooperssolicitors.com or visit one of the following pages on employment law:

Employment Lawyers – Purchase of Company Car – Compromise Agreement

admin — Thu, 18 Mar 2010 21:50:47 +0000

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 writing that the employee would like to pruchase the car and have a deadline by which to do so after the termination date, thereafter the offer lapses.

If you require further information please contact us at enquiries@rtcooperssolicitors.com or visit one of the following pages:

If you are Feeling Unwell – should you Sign a Compromise Agreement?

admin — Sat, 31 Oct 2009 14:46:38 +0000

If an employee attends our office to receive advice on a compromise agreement and he/she appears to be and/or we are informed by the employee that he/she is feeling unwell, we will have to discuss with the employee whether the employee is able to appreciate the full implications of signing such an agreement.

In most cases, we would ask the employee to sign a disclaimer to protect us in case this employee claims in the future, that he/she did not fully comprehend what he/she was signing.

We take this very seriously.

Can You Increase your Offer? – Compromise Agreement

admin — Tue, 06 Oct 2009 22:50:47 +0000

Even if you instigate redundancy or you are chosen for redundancy, there is usually some room to try and improve your offer from your employer. You can only ask but you must be able to justify why the offer should be increased. You must have a valid reason in order to persuade your employer to increase the offer. Also, as we said before, please ensure that your holiday pay is taken into account .

These would be without prejudice discussions so you would not be able to rely on them in a Tribunal action or in court proceedings (if you sign a compromise agreement then remember you cant bring any Tribunal or court proceedings).

Once the offer is revised, you mustensure that the offer is correctly represented in your compromise agreement.