Also know as a compromise agreement. Use this termination agreement to protect and finalise how the employee/employer relationship and employment contract will end. In the agreement the employee receives a negotiated financial sum in exchange for agreeing not to pursue any claims in court or in a tribunal. An Ex-gratia payment under £30,000 can be tax free.

When a key employee leaves your/their employment, there are many issues that are a concern and crucial to both parties which need to be clarified. Discussing and agreeing these key issues which may be in dispute or breach of contract and agreeing them in writing will provide protection and avoid complications and claims after the employment has ended.

View Sample Termination/Compromise Agreement

Documents included:

• Termination/Compromise Agreement

You get the above file in both .pdf and .doc Word format and you can download immediately after payment.