We can help you?
- A settlement agreement is a legally binding written document sometimes offered to you following the termination of your employment.
- It usually provides for a severance or ex-gratia (voluntary) payment over and above your contractual entitlements which your employer will often pay in return for you agreeing not to pursue any claim you may have against them.
- Employers are increasingly using settlement agreements as a popular mechanism to agree terms of termination of employment to prevent possible future complaints to a tribunal, especially in redundancy situations. In order for a settlement agreement to be legally binding however the employee must receive independent legal advice on the terms and effect of the agreement.
What can you expect?
- Our specialist employment solicitors will ensure that the wording of the agreement is adequately drafted in order to provide you with the necessary protection you require.
- We will specifically focus on ensuring your interests are protected. Careful thought will need to be given to the terms of the agreement including:
- the amount of any severance/ex-gratia payments
- tax, pensions and payment dates
- shares and share options
- post-termination restrictive covenants
- agreed reference
- announcements (internal and external)
- legal fee contribution
- We can advise you on any potential claims you may have and can negotiate the best compensation package in the circumstances.
- We are experienced in dealing with severance agreements ranging from relatively routine pre-agreed settlements, to negotiating and advising on complex high value settlements.
Please telephone and speak to one of our employment lawyers for free and without obligation on
0333 003 1767
(8.30am – 9pm weekdays, 10am – 4pm weekends)
or fill in the online form to request a call back and someone will ring you within 24 hours.
You can access any of our employment lawyers at any of our offices spread throughout Surrey, Hampshire and Greater London including Kingston upon Thames, Bordon, Cheam, Canary Wharf, Leatherhead, Raynes Park, Surbiton, Tolworth or Walton on Thames.