Settlement Agreement Solicitors In London, Kent & Sussex

The agreement will specify the total compensation amount, along with the payment timeline and details of any taxable portions.

Clearly stated is the final day of employment, marking the official end to the working relationship.

It includes a mutual understanding regarding the tax implications and an indemnity clause to protect the employer should tax issues arise.

Any entitlements to bonuses or share options are addressed, clarifying how these will be affected by the employee's departure and their status as a good or bad leaver.

Both parties generally agree not to make any derogatory comments about each other post-termination.

The document reinforces any existing confidentiality obligations and post-termination restrictions; it is important to consider if any post termination restrictions may impact on future employment and if any such terms can be reduced or waived.

It will list the claims that are being settled.

There's usually a clause in a settlement agreement obliging the employee to return any company property before leaving.

Conditions for repayment are outlined if the settlement agreement terms are breached.

Often, an agreed reference is included to facilitate the employee’s future job search.

It is usual for the employer to pay the employee’s legal fees associated with the agreement. This is often expressed to be a contribution up to a capped amount.

All our fees are payable by your employer, as part of the settlement agreement terms.