This is a commonly asked question for David Greenhalgh, specialist settlement agreement lawyer.
Employers will often ask all employees being made redundancy to sign up to a settlement agreement in return for enhanced redundancy pay i.e. over and above the statutory redundancy pay amount.
The calculation of enhanced redundancy pay (if offered) is different for each employer and is usually based on multipliers of one month’s salary multiplied by years of service. Please note that not all employers offer enhanced redundancy pay.
Where an employer approaches an employee for a protected conversation often an offer will be made by the employer to end the employment in return for the employee accepting a termination payment (over and above notice pay) under the terms of a settlement agreement.
Often David’s employee or senior executive clients will approach to secure them exit terms.
Having first taken tactical advice from David, sometimes the client will themselves approach their employer, on a protected conversation basis, for exit terms often using a script provided by David.
In other cases, it will be more appropriate for David to make such an approach on behalf of the employee or senior executive client.
This approach will usually take the form of an email drafted by David, and agreed by the client, setting out very clearly the potential claims and reputation risk faced by the employer if it fails to settle the matter under a settlement agreement.
The use of tactics is key in any approach for settlement agreement terms. David has 30 years’ experience of using tactics to get the best possible exit terms for his clients.
If you wish to exit your employment and secure the most favourable exit terms from your employer please contact David.
This page/article/blog is for reference purposes only. It does not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking or deciding not to take any action.
