Employment
Severance Negotiations and Settlement Agreements
“They give clear, concise and pragmatic advice”
Legal 500 UK 2021
If an employer wishes to part ways, it may offer you a settlement agreement. This is a mechanism whereby you waive any claims you may have arising from your employment or its termination, usually in consideration for financial compensation. In order for such agreements to be legally binding, you are required to take legal advice on its terms and effect.
We are used to dealing with complex remuneration structures involving good and bad leaver status, including LTIPs, share options, restricted share units, carried interest and complex bonus arrangements, and we will review the relevant circumstances with you to ascertain whether or not you have other potential grounds to negotiate for a higher financial settlement. We are very experienced in engaging in robust negotiations to get you the best deal possible.
Examples of our work:
- Acting for a global head of data science at an international investment company, advising on an exit strategy in connection with a merger and reorganisation. Achieved a substantial six figure severance package.
- Acting for a director of an investment management company in relation to severance negotiations in the context of a merger and reorganisation. Achieved a substantial six figure severance package.
- Acting for a chief executive of a bank (FCA, SM&CR). Advising on exit, including in relation to an unapproved share option plan and various employee benefit trust interests. Achieved a seven figure severance package.
- Acting for the managing director of a household name food outlet in severance negotiations in the context of a redundancy. Achieved a substantial six figure severance package.
- Acting for CEO of technology business in exit negotiations including advice on sweet equity and institutional strip buy out. Secured substantial seven figure investment interests.
- Acting for global VP in financial technology and payments service company in purported redundancy. Securing substantial six figure settlement.
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Contact our Employment Team
telephone: 020 7691 4000
or email: enquiries@edwincoe.com
