Senior Executive Settlement Agreement Solicitor

If you are a senior executive looking for advice and guidance with the signing off or the negotiation of an employment settlement agreement, then you’re in the right place.

David is top-ranked and listed as a Leading Individual specifically for his work with senior executives in the latest Legal 500 2024 edition (the main independent guide to the best employment lawyers in the UK).

David offers tailored advice for senior executives on the entire settlement agreement process. This includes:

  • legally required advice in signing off terms;
  • bespoke advice on negotiating better terms.

David has 30 years experience of advising senior executives on their settlement agreements and understands the complex and high-value elements which are often involved.

Settlement agreements, previously known as compromise agreements, are an agreement between you and your employer setting out your terms of exit. There are specific legal protections which may apply to discussions between you and your employer around agreeing exit terms (protected and without prejudice conversations and discussions).

Are you a senior executive? Do you need advice on your settlement agreement? Would you like help in securing better terms?

For immediate assistance from David please call him now on 020 3603 2177 or Click here to make a free online enquiry.

IS THE AMOUNT ON OFFER FAIR? IS THERE ROOM FOR NEGOTIATION?

Often, exit terms will be set out in a document known as a settlement agreement. The first draft of which is prepared by the employer and given to the senior executive usually after a protected/without prejudice conversation discussion involving HR.

David uses his litigation background and his tactical expertise to negotiate high-value settlement terms. His expertise in helping senior executives has been recognised over the years by both the main independent guides to the UK legal profession.

If the terms on offer do not reflect the value of your potential claims or what you know has been paid to others at your level, David can negotiate to secure you enhanced terms.

Many of David’s senior-level clients have valuable elements as part of their employment packages including:

  • Long-Term Incentive Plans (LTIPs)
  • Restricted Stock Units (RSUs)
  • Options
  • Bonuses

These elements usually form key elements for negotiation and protection when it comes to settlement agreements.

If the terms on offer do not reflect the value of your potential claims or what you know has been paid to others at your level, David will negotiate to secure enhanced terms.

Once you understand the value of any potential claims you may have, David can help you in weighing this against the value of what is on offer in the draft settlement agreement given to you by your employer.

Weighing up whether to take the offer or to negotiate and if so for what increased terms is complex and David can advise you. David Greenhalgh will help you get the best possible exit terms. Call David on 020 3603 2177 or make a free enquiry online.

SETTLEMENT AGREEMENT ADVICE FOR SENIOR EXECUTIVES

The only way for your settlement agreement to be legally valid is for you to be advised on its effect by a settlement agreement lawyer. Because you are waiving your employment law rights when signing a settlement agreement, it follows that you should take strong and fully independent legal advice to ensure you get the best outcome. David can often negotiate for all legal fees to be paid for by the employer.

David can provide his expertise on the following areas within employment settlement agreements, which can be discussed and requested as part of any negotiation. These areas are:

  • increasing ex-gratia/tax-free element;
  • pay in lieu of notice to include benefits and employer pension contributions;
  • payment of bonus (pro-rata basis or in full);
  • treatment of LTIPs, RSUs, share options – leaver status, pro-rating or accelerated vesting;
  • agreed reference;
  • agreed internal and/or external leaving statements;
  • removal/reduction/variation of post-termination restrictive covenants;
  • restrictions on your employer disclosing the terms and existence of the settlement and/or damaging your reputation;
  • retaining company property (e.g. mobile phone number, company car, laptop etc.);
  • extension of medical cover;
  • preventing the employer and individuals making negative comments about you;
  • outplacement support.

Read more on How To Negotiate The Best Package Under An Employment Settlement Agreement. This guide offers David’s Top Tips on negotiating the best terms for your settlement agreement.

Call David Greenhalgh on 020 3603 2177 to speak with him today or make a free enquiry online.

CONTACT DAVID GREENHALGH TODAY

If you are a senior executive and need advice on your settlement agreement including negotiating of its terms or if you need tactical advice on how to secure an offer of exit terms please call David for an initial discussion on 020 3603 2177 or Click here to make a free online enquiry.

SETTLEMENT AGREEMENT FAQs

Does My Employer Have To Provide A Reference?

No, there are no legal requirements or obligations on your employer to provide you with a reference. You can however ask for one to be included as a part of your settlement agreement together with the exact wording to be used.

Are All Settlement Agreements Confidential?

A large part of settlement agreements are in place to keep sensitive information confidential. Most settlement agreements will therefore contain a restriction on you and your employer keeping the existence, terms and background of the settlement agreement confidential. There will usually also be a restriction to prevent you making disparaging remarks about your employer (in the widest sense) once you leave, most clients will want a similar obligation to apply to their former employer.

What Are My Tax Liabilities For My Settlement Agreement?

£30,000 of any payout received as part of your settlement (including any statutory redundancy pay) can usually be paid tax-free. If you receive more than this, it will be subject to usual deductions unless you are making a payment into your pension or the payment represents compensation for injury to your feelings in relation to discrimination.

Will I Receive My Bonus As Part Of My Settlement Agreement?

Since you will have waived your rights as an employee under the terms of the settlement, it is essential that payment of any bonus is included as an express term of that agreement.

CONTACT DAVID GREENHALGH TODAY

If you are a senior executive and need advice and sign off on your settlement agreement or if you need help in negotiating the terms of a settlement agreement or if you need tactical advice on how to secure an offer of exit terms please call David for an initial discussion on 020 3603 2177 or Click here to make a free online enquiry.

 

Ella Hall
16/02/2024
David is a fantastic Employment Lawyer. If you need someone in your team who is completely onside, professional and supportive I don't think you can do better. He really knows his stuff and is laser focused on getting the best outcome for his client. David's a seasoned professional as demonstrated by his ability to respond quickly, pick up essential detail and develop a no nonsense response. I would have no hesitation in recommending David as an Employment Lawyer. ·
lloyd ridgwell
15/01/2024
Clear, considered, expert employment law advice from David Greenhalgh. Wont go anywhere else.
Noella Lee
27/12/2023
David has been truly outstanding, dealing exceptionally swiftly with my case. David provided me with detailed advice and assisted me to receive a very satisfactory conclusion. I cannot thank him enough.
Adrian Challinor
13/12/2023
I have known David for a number of years and have taken his advise and assistance on a number of occasions. David is a unique person. He very quickly understands the employment issues andaddresses them in a very friendly manner. His approach to me was to help me understand the employment issues and legal aspects in a manner that I could understand. He talks in English, and leaves the hybrid legal/HR jargon behind. His insights are clear and concise. Always to the point and helpful. His advise practical and useful. He was extremely quick to respond to my initial outreach and very accomodating about the time when we met to discuss the issues. He took a strategic view on my employment issues, focusing more on the long term aspects rather than short term issues. He is, and will continue to be, the person I reach out to for all employment issues. I have recommended his services to a number of my friends and colleagues. I would not hesitate to do this in future.
Claire Benson
08/12/2023
David provided excellent advice and reassurance throughout the process. I would not hesitate to recommend David's services to others.
S D
07/12/2023
David was very efficient, clear & concise at all times and provided good advice, along with regular updates and follow ups. Thoroughly recommended.
Alex C
07/12/2023
Great service! David really knows his stuff and works hard to get a good result for his clients
Arijana D
07/12/2023
Very practical, honest and reliable. Very grateful to David
Brian Vint
07/12/2023
have recommended David’s services to others
Julie Humphreys
07/12/2023
David provided clarity during a particularly difficult time. He was very responsive and brought the matter to a swift conclusion.

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