This will set out your contractual entitlements on termination, importantly including your period of notice. You may have a high value wrongful dismissal claim if you do not receive payment for your notice period.
Another important issue on exit could be your bonus entitlements. These can be very valuable payments and contracts cannot be re-written after the event, regardless of the circumstances of dismissal. Even where a bonus is ‘discretionary’, some payment may be recoverable.
For many executives, directors and senior managers, share options may be the key value component of total remuneration package. We will review the rules to consider the leaver provisions and what scope these provide to retain your options, in light of your circumstances.
The validity of any restraints of trade may become critical for the next steps in your career. It is particularly important to take advice promptly where there is any risk you may need to defend your activities.
Many of our clients do not realise that there are other protections which apply to their situation, and provide them with leverage in the event of a dismissal. Often employers are less cautious with senior managers, executives and directors, mistakenly assuming these do not apply. We take an analytical approach to identify the best leverage for you in negotiations, aiming to secure your reputation with a smooth exit, to allow you to move on with your career.
Who is the Employment Law Team?
Shine Lawyers' Employment Law team includes some of the firm’s most experienced special counsel, solicitors and support staff, including law clerks and paralegals.