My Employment RightsWhat issues are included in a compromise agreement?
There are broadly 3 areas that are covered:
1. Employee benefits - details of the severance payment and other benefits that the employee will receive. This can include cash payments, pension contributions, share scheme entitlements, transfer of property such as company car or mobile phone, provision of outplacement counselling and contribution of legal fees.
2. Employer benefits - details of claims that are being settled, return of company property, resignation of directorships, imposing new post-termination restrictions.
3. Mutual - confidentiality, announcement wording.
Please click the link to go back to the Compromise Agreements page.
