Senior Executives

Senior Executive Settlement Agreements

David has considerable experience (gained over his 30 year career) in advising senior level employees on their settlement agreements and understands the complex issues which can be involved.

Are you a senior executive?  Do you need advice and sign off on a settlement agreement? Or would you like help in securing better terms?

Often exit terms will be contained in a settlement agreement (previously known as compromise agreements).  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.

Many of David’s senior level clients have valuable elements in their employment packages like equity awards, shares, long term incentive plans (LTIPs), options and bonuses.  These elements usually form key elements for negotiation and protection in settlement agreement terms.

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 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.

Examples of settlement agreement terms that David helps negotiate:

  • pay in lieu of notice and whether this should also include benefits and pension
  • bonus
  • treatment of options – leaver status and pro-rata and/or accelerated vesting
  • agreed reference
  • agreed internal and/or external leaving statements
  • reductions in post termination restrictive covenant period
  • restrictions on your employer disclosing the terms and existence of the settlement and damaging your reputation
  • retaining company property (e.g. mobile phone number, company car, laptop etc)
  • extension of medical cover
  • outplacement cover

David has produced a Guide for senior executives on the issues involved in negotiating settlement agreement terms.  Read the Guide here.

If you are a senior executive and need advice and sign off on the terms of a settlement agreement or in negotiating for better terms please can David for an initial discussion on 020 3603 2177 or click here for email contact.

Senior Executives

LEGAL INSIGHTS

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