Settlement agreement (employment)
Settlement agreement (employment)

The following Employment precedent provides comprehensive and up to date legal information covering:

  • Settlement agreement (employment)
  • Recitals:
  • 1 Definitions and interpretation
  • 2 Termination of employment
  • 3 Payments and compensation
  • 4 Expenses
  • 5 Pension
  • 6 Insurance benefits
  • 7 Tax indemnity
  • 8 Post-termination restrictions
  • More...

Settlement agreement (employment)

This Agreement is made on [insert date or leave date blank]

Parties

  1. 1

    [Insert Employer’s name] whose registered office is at [insert Employer’s address], company registration number [insert Employer’s company number] (‘Employer’); and

  1. 2

    [Insert Employee’s name] of [insert Employee’s address] (‘you’)

Recitals:

    1. (A)

      [You have been employed by the Employer[ or the Group Companies] since [insert date employment started] OR You were employed by the Employer and/or the Group Companies from [insert start date] to [insert Termination Date][, latterly]] under [a contract of employment OR service agreement]  with the Employer dated [insert contract date] (Employment Contract).

    1. (B)

      [You are currently pursuing a claim in the employment tribunal against the Employer[ and [insert details of any other parties to the relevant tribunal claims]] under claim number[s] [insert tribunal claim number(s)] (Tribunal Claim).]

    1. (C)

      [You are currently pursuing a claim in the High Court against the Employer[ and [insert details of any other parties to the relevant High Court claims]] under claim number[s] [insert High Court claim number(s)] (High Court Claim).]

    1. (D)

      [You are currently pursuing a claim in the County Court against the Employer[ and [insert details of any other parties to the relevant County Court claims]] under claim number[s] [insert County Court claim number(s)] (County Court Claim).]

    1. (E)

      You and the Employer have agreed terms of settlement of all claims you have or may have arising

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