Settlement Agreements Time To Consider

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· They must be in writing; · They are voluntary; · it must refer to a particular procedure or remedy; · It must indicate that you and your employer have met all legal requirements; · You or your employer can propose the agreement. But it is the employer who usually does it. · You have time (usually ten calendar days or more) to check it and take into account the conditions offered; · They often contain a reference and form of payment to the employee; · Your employer can offer an agreement at any time during or after your employment; Your employer may present you with a transaction agreement. This is more likely if your performance is questioned and your employer wants to give you the opportunity to go on agreed terms instead of going through a benefit process. cases will likely settle for 1-4 months` salary plus termination indemnity…


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