Top executives that have been issued share options by their employers must take care in ensuring that the shares are included in their compromise agreements. We are seeing a number of compromise agreements where there is no mention of such shares. Also, the value of such shares are important, especially to the employees. If you […]
Entries Tagged as 'Statutory Redundancy Pay'
Employment Lawyers – Compromise Agreement – Employment Lawyers London – Empolyment solicitor – unfair dismissal
July 20th, 2010 · No Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Payment in Lieu of Notice, Payment Terms, Redundancy, Redundancy Pay, Settlement Payment, Severance Pay, Signing Compromise Agreements, Statutory Redundancy Pay, Unfair Dismissal
As employment lawyers, we have been advising many employees this month on their offers. On a practical note, if you are an employee and have been offered a severance pay, before you decide to reject this offer and claim unfair dismissal, please take advice on the offer. In a number of cases, we found that […]
Employment law Advice For Employers, Redundancies, Compromise Agreements – Offer of Employment
July 2nd, 2010 · No Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Job Offer during consultation period, Offer of Employment, Post Termination Restrictions after Signing a Compromise Agreement, Redundancy, Redundancy Pay, Settlement Payment, Severance Pay, Signing Compromise Agreements, Statutory Redundancy Pay, Termination Date, Termination of Employment, Termination Payment
Where senior executives have been paid handsomely, they are usually required to sign a compromise agreement in which they would have to, for a period of twelve (12) months following the Termination Date, undertake to notify the employer when an offer of alternative employment has been made and agree to provide the employer with such […]
Tags: Compromise Agreements - Offer of Employment·Employment law Advice For Employers·Redundancy Solicitors
Employment Law Advice – Employment Lawyer – Compromise Agreement – Employment Solicitors
June 27th, 2010 · 1 Comment · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Contract of Employment, Employment Lawyers, Employment Solicitors, Notice Periods, Payment in Lieu of Notice, Payment Terms, Redundancy, Redundancy Pay, Settlement Payment, Severance Pay, Signing Compromise Agreements, Statutory Redundancy Pay
It is important to note that a contract of employment must include at the least the statutory minimum notice period. Where an employment contract contains a notice period that is less than the statutory notice period, this clause would be void. The current statutory minimum notice periods are as follows: One week if the employee’s […]
Tags: Employment Law Advice - Employment Lawyer - Compromise Agreement - Employment Solicitors
Employment Lawyers Compromise Agreements – Severance Compensation – PILON
June 13th, 2010 · 2 Comments · About Compromise Agreement Blog, 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, National Insurance Contributions, Payment in Lieu of Notice, Payment Terms, Redundancy Pay, Settlement Payment, Severance Pay, Statutory Redundancy Pay, Taxation, Termination Date, Termination of Employment, Termination Payment, Your Compromise Agreement is a Binding Contract
We are receiving a number of enquiries where employers are only offering employees Payment in Leiu of Notice (PILON) as their compensation for loss of employment. Typically employers are paying Severance Compensation as follows: The employer will on its own behalf, and on behalf of all its associated companies, without any admission of liability whatsoever […]
Tags: Employment Lawyers Compromise Agreements - Severance Compensation - PILON
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 in Lieu of Notice, Payment of Legal Advisers, Payment of Normal Salary, Payment Terms, 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 […]
Tags: Compromise Agreements·lieu of Notice·Termination Payments·Termination Payments including Payment
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 in Lieu of Notice, Payment of Legal Advisers, Payment of Normal Salary, Payment Terms, 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 […]
Tags:
Compromise Agreements – Settlement Payments
April 2nd, 2010 · No Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Contract of Employment, Employment Lawyers, Redundancy, Redundancy Pay, Settlement Payment, Signing Compromise Agreements, Statutory Redundancy Pay, Your Compromise Agreement is a Binding Contract
A number of employers are choosing to pay the statutory payments to employees on redundancy. This is the minimum that an employer can pay an employee. Payments above the statutory amount are at the discretion of the employer (unless otherwise agreed between the employer and employee). If you require further information please contact us at enquiries@rtcooperssolicitors.com […]
Tags:
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 (“ […]
Tags: Employment Lawyer - Termination Payment - Compromise Agreement - Redundancy Payments
Employment Lawyers – Advertisement of Post after Redundancy
February 25th, 2010 · 1 Comment · About Compromise Agreement Blog, Advertisement of Post after Redundancy, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Employment Tribunals, Redundancies, Redundancy, Redundancy law, Redundancy Pay, Statutory Redundancy Pay, Your Compromise Agreement is a Binding Contract
We have been asked by a number of employees this week how long does an employer have to wait to advertise a post, if that post was made redundant. The answer is six mnonths, but this would depend on whether the employee has signed a compromise agreement or not. If the employee has, the employee would be […]
Tags: