Settlement agreement (employment) (short form, Scotland)
Produced in partnership with Russell Bradley of Ampersand
Settlement agreement (employment) (short form, Scotland)

The following Employment precedent produced in partnership with Russell Bradley of Ampersand provides comprehensive and up to date legal information covering:

  • Settlement agreement (employment) (short form, Scotland)
  • 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, Scotland)

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

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

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