When an employee has been made redundant, a settlement agreement may be appropriate, but it is also important to note that the amount paid out will depend on the situation. Generally, an employee who has worked for the same company for more than two years is entitled to a statutory redundancy payment. If you’re unsure whether your case qualifies for this, it is essential to seek independent legal advice.
What Is a Reasonable Redundancy Settlement Agreement?
In many cases, a reasonable settlement agreements Birmingham entails a certain sum of money, anywhere between one and four months’ salary. However, if employees have evidence of unfair dismissal, discrimination, or whistleblowing, they can expect to receive more.
In this manner, some employees have received as much as a quarter of a million pounds. However, if your case can be successfully proved in a tribunal, you could be awarded much more money.
Getting a reasonable settlement agreement means doing your research and setting realistic expectations. A reasonable settlement agreement is one that you are satisfied with. However, if the settlement agreement you have been offered is not quite what you expected, you shouldn’t sign it. The most important thing to remember when negotiating is only to sign an agreement you’re comfortable with.
As a result, it is vital to seek legal advice before signing any settlement agreement. It is also a good idea to seek legal advice if you’re unsure whether your settlement agreement contains a clause you shouldn’t have included.
This can lead to a breach of contract claim, which typically involves the High Court or County Court. Employment Tribunals can also be interested in some breaches of contract claims.