Settlement Agreement Lawyers & Solicitors – Redundancy

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Employment Lawyer – Termination Payment – Compromise Agreement – Redundancy Payments

March 25th, 2010 · 7 Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Necessity for Legal Advice on the Terms of Your Compromise Agreement, Payment in Lieu of Notice, Payment Terms, Redundancy, Redundancy Pay, Settlement Payment, Signing Compromise Agreements, Statutory Redundancy Pay, Termination Date, Termination of Employment, Termination Payment

High earning top executives are definitely receiving higher pay outs.  Such employees termination payment would typically comprise::  

  • An amount as a redundancy payment (including a statutory redundancy payment (“Redundancy Payment”);
  •  An amount as compensation payment for loss of notice of the Employee’s notice period (“Notice Compensation Payment”); and
  • An amount as compensation for loss of employment (“ Ex Gratia Payment”);

This payment is made without any admission of liability on the part of the employer.

The employee on the other hand will have to give certain warranties (see warranties section in this blog).

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.

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