Directors : Termination Payments

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Termination of employment for directors and higher paid employees is a complicated process, often involving large payments, company and employment law considerations, and tax calculations. The practitioners involved - employment lawyers, senior human resources professionals and accountants - work in a fast changing environment, where the benefits, taxes and statutory compensation limits change frequently. Concise, yet practical, this text provides step-by-step guidance to the procedures involved in identifying, negotiating and calculating a compensation figure, with reference to statutes, legal cases and tax provisions. The book is designed to be used not only for termination cases, but also when negotiating new contracts of employment or reorganizing existing personnel structures.
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Product details

  • Book | 144 pages
  • London, United Kingdom
  • forms
  • 0752003119
  • 9780752003115

Table of contents

Part 1: Termination of Employment. Terms and conditions of employment and statement of terms and conditions. Definitions of dismissal. Part 2: Compensation for wrongful dismissal. The general principles that are applied in assessing compensation. Particular heads of compensation. Part 3: Reduction in damages. The duty to mitigate. Accelerated receipt of renumeration by lump sum payments. The incidence of taxation. Part 4: Miscellaneous. Other remedies. Overlap with unfair dismissal/redundancy. Appendix. Chart setting out the method of calculating entitlement.
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