Settlement agreement (employment) (short form)
Settlement agreement (employment) (short form)

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

  • Settlement agreement (employment) (short form)
  • 1 Termination of employment
  • 2 Termination payment
  • 3 Expenses
  • 4 Pension
  • 5 Benefits
  • 6 Confidentiality and post-termination restrictions
  • 7 Non-disclosure obligations
  • 8 Reference
  • 9 Employer's property
  • More...

Settlement agreement (employment) (short form)

This Agreement is made on [insert date]

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)

the parties agree:

    1. 1

      Termination of employment

      1. 1.1

        Your employment with the Employer [will terminate OR terminated] by reason of [insert reason for termination] on [insert date] (Termination Date).

      1. 1.2

        You [will be OR have been] paid your accrued basic salary (less deductions for income tax and primary class 1 (employee) National Insurance contributions (PAYE Deductions)) and [will have OR have] received your contractual benefits[, including a payment of £[insert amount] in respect of [insert number] days’ accrued but untaken holiday entitlement][[ and] including any relevant contributions to your personal pension scheme] (less PAYE Deductions) for the period up to and including the Termination Date via payroll in the normal way.

      1. 1.3

        [Any sums due from you to the Employer[ including [a deduction of £[insert amount]] in respect of [insert number] days’ holiday taken in excess of your accrued entitlement for the period up to and including the Termination Date][ and][ including a deduction of £[insert amount] in respect of [set out details of other relevant deductions, eg loan repayments]] [will be OR have been] deducted from the payment referred to in Clause 1.2 before it is made to

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