Senior Exit Planning
Securing the exit of a senior member of your organisation takes careful advanced planning.
David can advise on the options available to you and (from his experience of also acting for senior executives) the possible reactions you can expect when you put your plan into action.
There is usually a range of termination options ranging from summary dismissal for serious misconduct through to garden leave. The risks of claims is clearly a key factor and David can advise on the risks and related cost involved, allowing the business to make a commercial decision and move on.
Care must be taken in dismissing, not only to avoid possible claims but also to avoid invalidating valuable post-termination restrictions.
David is known for giving straightforward commercial guidance on such potentially high-risk matters.
If you decide to approach the senior executive you need to be clear on what you are trying to achieve and there may be benefits to following a script. The choice of how you make the approach will have an impact on to what extend your discussions with the senior employee can remain hidden in the context of later legal action.
Sooner or later in most cases, senior executives can be persuaded to move on and David can lead or support settlement negotiations.
If you would like tactical advice on planning to exit a senior member of your organisation (from CEO to director/management levels), please contact David on 020 3603 2177.
Common Questions Answered
Why do I need a lawyer to review my settlement agreement?
UK law requires independent legal advice to be taken before a settlement agreement can become legally binding. Without it, the agreement is unenforceable. An experienced employment lawyer will ensure you understand every clause and that your interests are fully protected.
How much does it cost to get a settlement agreement reviewed?
Your employer will usually pay for you to get independent legal advice on the terms and effect of your agreement. This is standard practice and is typically written into the agreement itself as a contribution towards your legal costs.
Can my settlement agreement be improved?
Often, yes. David regularly negotiates for increases in value, better exit terms and stronger protections for his settlement agreement clients. Even where an employer presents a figure as “final”, there is frequently room to negotiate.
How long does the process take?
With David, many clients get to sign-off in a matter of days if all they need is advice and sign-off. On urgent agreements David provides a same-day service, so a tight deadline is never a barrier to getting the right advice.
