Settlement agreements

Overview

A detailed session on the drafting of settlement agreements, tricky issues and negotiation tips.  

Topics covered:

• The legal requirements for a settlement agreement
• General drafting tips
• An overview of the common clauses including:
  • Confidentiality and non-derogatory comments
  • Restrictive covenants
  • Payment provisions including the £30,000 exception
  • Tax indemnity
  • Settlement of claims provisions
  • Employee warranties
  • Repayment provisions
• An overview of common acceptable amendments if proposed by the employee’s solicitor. 
• Tricky issues including:
  • Tax- PILONs, benefits in kind, staged payments, retirement, retention of company property
  • Pregnant leavers
  • Delayed termination payment