Compensation equivalent to up to six months` salary is common, but the actual amount you receive depends: your employer usually pays for you for independent legal advice. If you sign a transaction contract without first seeking independent legal advice, you can still go to an employment tribunal. If you have made a transaction during a trial and the court has put your right on hold for a specified period of time (“stays”), the court may request that your claim be resuscitated if your employer does not fulfill its part of the agreement within that time. As you can no doubt say, this is a complex area and we cannot explain all the options here. If you have been offered a transaction agreement and you are not sure what to do, call us to discuss your specific circumstances. If you are getting help negotiating a transaction agreement with your employer, please contact us! As a general rule, a transaction agreement contains a clause indicating your current employer`s willingness to give you a satisfactory indication to help you find your next job. However, this is not a legal obligation, so it is your responsibility to ensure that this is included. In addition, it is important to keep in mind that a “standard reference” is actually a very simple document that only gives your professional title and your employment data. If it is important for you to obtain an advanced reference, you must negotiate it as part of your transaction agreement, knowing that your employer is legally obliged not to say anything that he deems false or misleading. It is also important to include a clause stating that all oral submissions reflect what is said in the agreed written version. For example, if you have no other savings and you receive a bill of $20,000, including $8,000 in contract payment, there is $12,000 left. Because it is below the threshold, you are entitled to a JSA based on income.
As the ultimate goal for you and your employer is to separate you from your business as part of an agreement that benefits both of you, it is customary to receive a cash payment in addition to the wages and benefits due.