Payment in lieu of notice (PILON) is normally shown as a separate amount in compromise agreements to cover the notice period in relation to redundancies. From our experience of advising on employment rights we have seen that sometimes people work part of the notice period with the rest paid as PILON. If you require further [...]
Entries Tagged as 'Redundancy Pay'
Employment Law, Redundancy, Compromise Agreements, Payment in Lieu of Notice
February 14th, 2012 · No Comments · Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Payment in Lieu of Notice, Redundancies, Redundancy, Redundancy law, Redundancy Pay
Tags: Compromise Agreements·employment law·Payment in Lieu of Notice·Redundancy
Employment Law, Compromise Agreements, Ex Gratia Payment, Negotiations
January 18th, 2012 · No Comments · Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Ex Gratia, Negotiating a Settlement, Redundancies, Redundancy, Redundancy law, Redundancy Pay
As employment law solicitors, we frequently advise employees on redundancy pay, specifically that they try to negotiate the ex gratia settlement payment with their employer as early as possible, to maximise the amount they can get. This is especially the case if the employees facing redundancy have any unresolved grievances or appeals. These can be [...]
Tags: Compromise Agreements·employment law·Ex Gratia Payment·Negotiations
Employment Law, Redundancy, Enhanced Redundancy Pay, Statutory Redundancy Pay
December 16th, 2011 · No Comments · Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Enhanced Redundancy Pay, Redundancies, Redundancy, Redundancy law, Redundancy Pay, Statutory Redundancy Pay
In some cases employees can accept compromise agreements without going through the redundancy process. This could mean receiving an enhanced redundancy payment rather than a statutory payment. If you require further information about redundancy law, please contact us at enquiries@rtcooperssolicitors.com or visit one of the following pages on employment law: http://www.rtcoopers.com/practice_employment.php http://www.rtcoopers.com/faq-redundancyemployee.php http://www.employmentlawyersinlondon.com/video.php http://www.employmentlawyersinlondon.com http://www.compromiseagreementlonuk.com/ © RT [...]
Tags: employment law·enhanced redundancy pay·Redundancy·Statutory Redundancy Pay
Employment Law, Redundancy, Confidentiality, Redundancy Pay
December 15th, 2011 · No Comments · Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Confidentiality Provisions in a Compromise Agreements, Contract of Employment, Employment Lawyers, Employment Solicitors, Independent Legal Advice, Necessity for Legal Advice on the Terms of Your Compromise Agreement, Post Termination Restrictions after Signing a Compromise Agreement, Redundancies, Redundancy, Redundancy law, Redundancy Pay, Repayment of Redundancy Pay, Restrictive Covenants
Some employees are still not aware of the importance of confidentiality and complying with those provisions within their employment contracts as well as the confidentiality provisions within their compromise agreements. A breach of any of these provisions will in most cases, and at the very least, lead to the employees being made to repay any [...]
Tags: Confidentiality·employment law·Redundancy·Redundancy Pay
Employment Law, Redundancy, Payment in Lieu of Notice, Settlement Payment
December 14th, 2011 · No Comments · Choosing an Independent Legal Advisor to provide Advice on the Terms of your Compromise Agreement, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Independent Legal Advice, Payment in Lieu of Notice, Redundancies, Redundancy, Redundancy law, Redundancy Pay, Taxation
In order for an employer to provide an employee with payment in lieu of notice, this must be referred to in the employee’s employment contract. Some employers are incorporating the notice period as part of the settlement payment, which is tax free. We always advise that there is a risk that Inland Revenue may decide [...]
Tags: employment law·Payment in Lieu of Notice·Redundancy·Settlement Payment
Employment Law, Redundancy, Compromise Agreements
October 31st, 2011 · No Comments · Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Independent Legal Advice, Job Offer, Job Offer during consultation period, Necessity for Legal Advice on the Terms of Your Compromise Agreement, Offer of Employment, Redundancies, Redundancy, Redundancy law, Redundancy Pay
Employees facing redundancy can be very optimistic about their futures. We advise a large number of employees on their compromise agreements and it’s those employees that take a positive view on redundancy that seem to have a job even before their termination date. If you require further information about redundancy law, please contact us at enquiries@rtcooperssolicitors.com or [...]
Incorrect calculation of redundancy payment and negotiating with HMRC
October 26th, 2011 · No Comments · Calculating Redundancy Pay, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, HMRC, Indemnity, Redundancies, Redundancy, Redundancy law, Redundancy Pay
Employers should allow employees the opportunity to communicate and/or negotiate with HMRC in the event that the calculations for redundancy pay are incorrect and HMRC has sent a demand or assessment to the employer (Past), on behalf of the employee. The preferred position is for the employee to deal directly with HMRC rather than the [...]
Tags: employment law·HMRC·Incorrect Calculation·Negotiation·Redundancy Payment
Post-termination Provisions in Employment Contracts, Compromise Agreement
October 21st, 2011 · No Comments · Breach of Confidential Information, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Confidentiality Provisions in a Compromise Agreements, Contract of Employment, Employment Lawyers, Employment Solicitors, Independent Legal Advice, Non Solicitation, Post Termination Restrictions after Signing a Compromise Agreement, Redundancies, Redundancy, Redundancy law, Redundancy Pay, Restrictive Covenants, Signing Compromise Agreements
Even when an employee is signing a compromise agreement, the employee should always refer to the post-termination provisions in the employee’s employment contract. If in doubt seek advice on employment law. If you require further information please contact us at enquiries@rtcooperssolicitors.com or visit one of the following pages on employment law: http://www.rtcoopers.com/practice_employment.php http://www.rtcoopers.com/faq-redundancyemployee.php http://www.employmentlawyersinlondon.com/video.php http://www.employmentlawyersinlondon.com http://www.compromiseagreementlonuk.com/ © [...]
Tags: Compromise Agreement·Post-termination Provisions in Employment Contracts
Employment Law, Confidentiality, Trade Secrets, Redundancy Payment
October 19th, 2011 · No Comments · Breach of Confidential Information, Choosing an Independent Legal Advisor to provide Advice on the Terms of your Compromise Agreement, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Confidentiality Provisions in a Compromise Agreements, Employment Lawyers, Employment Solicitors, Keeping the Terms of your Compromise Agreement Confidential, Post Termination Restrictions after Signing a Compromise Agreement, Redundancies, Redundancy, Redundancy law, Redundancy Pay, Restrictive Covenants
Employees sometimes do not realise the importance of the need to keep the business affairs, trade secrets, marketing information and financial information about their employers confidential, especially post-termination. A breach of a compromise agreement may result in the employee having to repay the redundancy payment. If you require further information please contact us at enquiries@rtcooperssolicitors.com or visit [...]
Tags: Confidentiality·employment law·Redundancy Payment·Trade Secrets