Senior Executive Settlement – Accounting Services Sector
Discover how our specialist employment solicitors negotiated improved terms and protected our client’s professional reputation during their exit.
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Client Situation
The client was a senior executive at a nationwide accounting services firm who came to us after being offered a settlement agreement following a short but serious illness. This had left them with both physical and mental health difficulties.
Their employer alleged that performance concerns had developed over the previous year and presented the termination package as the only available option. Given their seniority, the client had significant concerns about their bonus entitlements and share rights.
What We Advised On
We provided advice covering:
- The settlement agreement waiver
- The compensation amount (weighed against the alternative of Employment Tribunal claims)
- Tax treatment
- Confidentiality
- Reference terms
- Post-termination restrictions
- Shareholder entitlements
- Potential discrimination claims
Benjamin Wells Insight
Settlement agreement negotiations are not risk free, but our advice is tailored to helping you understand and judge those risks and focus on the issues that matter. By engaging us at an early stage, this client was able to avoid performance management, and the risk of litigation, and move on with a substantial package while they prepared their next career move.
Solicitor Bio: Benjamin Wells
LinkedIn: Benjamin Wells
Email: bwells@settlementagreements.co.uk
Ben is also a member of:
Solicitors Regulation Authority (SRA)
The Law Society
Employment Lawyers Association (ELA)