Tag: termination agreement
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Employee claims compromise agreement not binding on her because no independent legal advice
The ending of an employee’s employment will often be accompanied by some type of agreement between the parties. Agreements of this type are referred to as exit agreements/settlement agreements/compromise agreements/termination agreements. Regardless of how they are described they will nearly always involve a payment by the employer to the employee in return for which the…
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€65,000 Termination Payment to Employee Not Exempt from Tax-Tax Appeals Commission Decides
Imagine this. You receive €65,000 on the termination of your employment, and you believe it is tax free. Then, the Revenue Commissioners come calling and they claim the payment is taxable. And they decide that, yes, it is taxable and raise an estimate for the taxation. Lately, I have a lot of employees coming to…
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Employment Termination Agreements-the 1 Big Decision for the Employee
Employment termination agreement, severance agreement, compromise agreement, waiver agreement, settlement agreement. It has many names but it amounts to the same thing. The employment is being terminated and the employee is being asked to sign some type of agreement and enter into another contract with the employer. I see a lot of these agreements on…
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Employment termination agreements-how effective are they?
The use of a settlement or compromise agreement in the termination of an employee’s employment is something I deal with frequently. There is a wide range of reasons why the employment is being ceased, ranging from redundancy to difficulties in the employment relationship to allegations of misconduct to allegations of bullying, discrimination, harassment, and so…