Executive termination

Executive termination

Top level employees and executives often face mistreatment when employers wish to terminate their contract of employment.

Verisona Law offers support and guidance to executives whose employment is ending.

Our dedicated team of specialist employment lawyers can provide advice on settlement agreements and can assist directors or senior executives in negotiating improved terms of severance when they are faced with dismissal or redundancy.

It is essential that the reason for your termination is clearly explained from the outset. The reason for the termination will outline the process to follow.

Reason for termination

The reason for termination will be key to the overall management of the exit process, and it will impact your contractual entitlements, including whether you’re eligible to make a legal claim.

Having acted for directors, senior executives and employers throughout the process of executive termination, our team of specialist employment solicitors are experienced in litigation where agreement cannot be reached on terms of severance.

Offering expert guidance from the outset, Verisona Law ensures that proper consideration is given to matters that will have an effect on the outcome of the negotiations.

Considerations

When your employer is considering the termination of a Director’s or Senior Executive’s employment, a multitude of considerations come into play, including:

  • Are you receiving adequate compensation?
  • What contractual payments are you due and what likely compensation could be awarded in addition in respect of any unfair dismissal or discrimination claim?
  • Will you be subject to restrictive covenants and are such covenants reasonable?
  • How should a Director’s position at Companies House be dealt with?
  • If applicable, how should the business deal with any shares you hold in the company?

It is important that your employer has a discussion with you regarding the above points without prejudice, with a view to reach an agreement. The terms of any agreement reached between you and the organisation should be recorded in a settlement agreement.

Contact us today

If you’d like to find out more or you’d like to make a claim against your employer, then contact our specialist employment law team today on 02392 98 1000 or email us at connect@verisonalaw.com

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