Think about your opponent`s motivations and fears. Your employer might worry about the cost of defending litigation or bad publicity. They could strive not to have the reputation of paying people. If so, your lawyer may propose amendments to the agreement to give your employer an additional guarantee that the agreement will be confidential. For example, you may have talked to colleagues about your negotiations before you saw the confidentiality clause and realized that you had to keep the existence of the agreement confidential. If you sign a clause that you have already violated (or if you violate the clause after signing it) and your employer will find out, they could argue that they no longer have to fulfill their side of the business. You might refuse to pay the payment for the transaction, or even try to get back the money they have already paid you. Your lawyer should advise you on the current pension loss, especially if you have a permanent retirement pension. Pension contributions must be maintained during your notice period, unless their contract decides otherwise. If they agree with your employer that a lump sum will be paid into your pension as part of the billing conditions, you may be eligible for the tax exemption.
You will be alerted to your options so that you can make an informed decision if the transaction agreement is best for you and how it will affect you. We can quickly and easily provide you with the advice you need by phone and email. Many of our clients never pay us a dime — the cost is paid entirely by their employer. If your employer has provided you with a settlement agreement (previously known as a compromise agreement), you will need independent legal advice. Our labour lawyers have extensive experience in providing confidential independent legal advice to employees, whether you are a manager in an SME, a municipal worker or an executive in a FTSE 100 company. Do I need independent legal advice before signing a settlement agreement? How much would it cost and how can I pay for it? A settlement agreement is a legally binding contract that can terminate an employment contract on agreed terms. If a transaction agreement has been offered to you or if you have a question about an agreement, contact our specialized settlement team on 01616 966 229 or fill out our online application form. . . .