What Does Payment in Lieu of Notice Mean?
Payment in lieu of notice, commonly called PILON, allows an employer to end an employee’s employment without requiring them to work their notice period. Instead of working their notice, the employee
Payment in lieu of notice, commonly called PILON, allows an employer to end an employee’s employment without requiring them to work their notice period. Instead of working their notice, the employee
A settlement agreement on share option rights can be just as important as the cash payment in an exit package. The High Court decision in Dixon v GlobalData PLC shows that promises made during exit
A settlement agreement is most commonly used to bring an employee’s employment to an end. However, that is not always the case, and understanding the difference matters. The Most Common Use: Ending
Can I get a free consultation? Facing redundancy can be overwhelming, with many concerns running through your mind. Whether voluntary or compulsory, understanding how to calculate your redundancy payment
In many cases, you are not legally required to keep your redundancy confidential unless you have signed a specific agreement stating otherwise. However, in certain situations, employers may request
What is Redundancy? Redundancy occurs when an employer dismisses an employee because the business no longer needs the role. This is typically due to restructuring or downsizing efforts to reduce the
An employee’s employment may be terminated for one of a limited number of potentially fair reasons. These are redundancy, capability, conduct, illegality and some other substantial reason. What
No. Although both deal with the dismissal of an employee, they are different. The difference is, redundancy is a longer, formal process involving a notice period, redundancy pay and sometimes the option
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