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.
If you require further [...]
Entries Tagged as 'Payment of Normal Salary'
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
Employment Lawyers – Payment in Lieu of Notice – Employment Solicitors – Compromise Agreements Solicitors
June 8th, 2010 · 2 Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Consultation, Employment Lawyers, Employment Solicitors, Necessity for Legal Advice on the Terms of Your Compromise Agreement, Payment Terms, Payment in Lieu of Notice, Payment of Normal Salary, Post Termination Restrictions after Signing a Compromise Agreement, Settlement Payment, Termination Payment, Without Prejudice Discussions, Your Compromise Agreement is a Binding Contract
Employees are constantly asking us whether their payments in lieu of notice (PILON) ought to be taxed. The answer is yes, theywill be taxed in the usual way plus national insurance will be payable. Any PILON will be included in an employee’s compromise agreement.
If you require further information please contact us at enquiries@rtcooperssolicitors.com or visit one of [...]
Tags: Compromise Agreements Solicitors·Employment Lawyers·Employment Solicitors·Payment in Lieu of Notice
Compromise Agreements – Termination Payments including Payment in lieu of Notice
April 25th, 2010 · No Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Payment Terms, Payment in Lieu of Notice, Payment of Legal Advisers, Payment of Normal Salary, Redundancy Pay, Settlement Payment, Statutory Redundancy Pay, Termination Date, Termination Payment, Your Compromise Agreement is a Binding Contract
Employees should pay particular attention to ex-gratia termination payments which are stated to include compensation for failure to give the employee the full contractual notice (of termination), due to the tax implications in respect of the contractual notice payment element.
If you require further information please contact us at enquiries@rtcooperssolicitors.com or visit one of the following [...]
Tags: Compromise Agreements – Termination Payments including Payment in lieu of Notice
Compromise Agreements – Banked Holidays
April 13th, 2010 · No Comments · About Compromise Agreement Blog, Banked Holidays, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Entitlement to Untaken Accrued Holidays, Payment Terms, Payment in Lieu of Notice, Payment of Legal Advisers, Payment of Normal Salary, Redundancy, Redundancy Pay, Settlement Payment, Signing Compromise Agreements, Statutory Redundancy Pay, Untaken Holidays, Your Compromise Agreement is a Binding Contract
Some employers are including banked holidays as part of the settlement payment for employees that are facing redundancy. Therefore, if you are an employee facing redundancy, please check with your employer to see whether banked holidays would be taken into account in determining your settlement payment.
If you require further information please contact us at enquiries@rtcooperssolicitors.com [...]
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If you are Offered a Job during the Consultation Period
March 15th, 2009 · No Comments · Compromise Agreements, No Entitlement to Compensation, Payment in Lieu of Notice, Payment of Normal Salary, Signing Compromise Agreements
Sometimes your employer may give you a compromise agreement, you may have got as far as obtaining independent legal advice, and you are offered a job during the consultation period. If you accept this job, you will no longer be entitled to redundancy payment. The compromise agreement will no longer be valid.
Tags: If you are Offered a Job during the Consultation Period
What does payment of salary in Lieu of Notice mean?
March 14th, 2009 · 6 Comments · Basic Rate of Tax, Compromise Agreements, Contract of Employment, National Insurance Contributions, Payment in Lieu of Notice, Payment of Normal Salary
A number of employees that we come across do not seem to know the meaning of payment in lieu of notice. What does it mean? It means that your employer is paying you upfront so you do not have to work out your notice period. So, for instance, if you have a 3 months’ notice period [...]
When would you get Paid?
March 13th, 2009 · No Comments · Adviser's Certificate in Your Compromise Agreement, Choosing an Independent Legal Advisor to provide Advice on the Terms of your Compromise Agreement, Compromise Agreements, Entitlement to Untaken Accrued Holidays, Necessity for Legal Advice on the Terms of Your Compromise Agreement, No Admission of Liability on the Part of your Employer, No Entitlement to Compensation, Payment in Lieu of Notice, Payment of Normal Salary, Return of Company Property after Signing a Compromise Agreement, Signing Compromise Agreements, Termination Date
Your employer without any admission of liability will pay you within 14 – 60 days of the latest of the following occuring:
The Termination Date;
Receipt by your employer of the signed copy of your Compromise Agreement (signed by you and witnessed by a third party) and containing the Independent Adviser’s certificate (signed by an independent lawyer such as a lawyer [...]
Tags: When would you get Paid?
Would you be required to take your holidays or be paid for untaken accrued holidays?
March 10th, 2009 · No Comments · Compromise Agreements, Entitlement to Untaken Accrued Holidays, Payment of Normal Salary, Termination Date, Untaken Holidays
Your employer may require you to take all of your outstanding holidays accrued up to and including the Termination Date (during the period prior to the Termination Date). Although some employers may be happy to pay you for the untaked holidays that you have accrued up to and including the Termination Date.
Tags: Would you be required to take your holidays or be paid for untaken accrued holidays?
Payment of Normal Salary
February 1st, 2009 · No Comments · Compromise Agreements, Payment of Normal Salary
If you are about to be made redundant or have been made redundant and your employer has given you a Compromise Agreement to obtain legal advice from an independent legal advisor like RT Coopers, one of the points to appreciate is that your normal salary will be paid and taxed in the usual way.
Tags: Payment of Normal Salary