We routinely advise employers and senior employees on the handling of settlement negotiations.
We routinely advise employers and senior employees on the handling of settlement negotiations, designing appropriate severance packages as well as the drafting and negotiations of settlement agreements.
This includes providing “scripts” for settlement discussions and ensuring settlement packages are structured as efficiently as possible.
We also have extensive experience in the use of settlement agreements in commercial transactions, particularly in relation to corporate restructures and company sales and purchases. These are occasions when the way in which senior executives are treated can be crucial to the success of the transaction and a paramount concern of those involved.
We also have experience of designing, managing and implementing bulk settlement agreements projects, acting as independent advisors in large scale redundancy and reorganisations exercises.
Recent examples of our work in this area include:
- Advising a large employer on achieving a smooth departure of two board level executives.
- Acting for 600 individuals accepting compromise agreements in a large scale voluntary redundancy exercise, ensuring all agreements were completed within a tight timetable.
- Acting for various senior executives leaving PLC boards, including dealing with Stock Exchange announcement issues and packages involving complex bonuses, shares and share options.
Please contact a member of the employment team to discuss any issues relating to compromise agreements.