A Post Settlement Agreement is utilized when parties need to formalize arrangements following the end of employment and initial settlement terms. Common in England and Wales, this document ensures all post-settlement obligations are clearly defined and legally enforceable. It typically addresses ongoing confidentiality requirements, reference arrangements, and any continuing restrictions, while confirming the fulfillment of settlement terms agreed upon in the original settlement agreement.
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1. Parties: Identification and details of all parties to the agreement
2. Background: Context of the settlement and brief history of employment relationship
3. Definitions: Key terms used throughout the agreement
4. Settlement Terms: Core settlement provisions including payment amounts and timing
5. Tax Treatment: Tax implications and responsibilities for settlement payments
6. Waiver of Claims: Comprehensive list of claims being waived by the employee
7. Confidentiality: Obligations regarding confidentiality of the agreement and company information
1. Reference Provision: Terms regarding future employment references and agreed form of reference
2. Post-termination Restrictions: Provisions relating to continued validity of existing restrictions or new post-employment obligations
3. Company Property: Requirements and timeline for return of company property and assets
4. Announcements: Terms regarding internal and external communications about the departure
1. Schedule 1 - Payment Details: Detailed breakdown of settlement payments including statutory and ex-gratia amounts
2. Schedule 2 - Legal Adviser's Certificate: Independent legal adviser's confirmation of advice given to the employee
3. Schedule 3 - Reference Template: Agreed form of reference where applicable
4. Schedule 4 - Claims Being Settled: Comprehensive list of statutory and contractual claims being settled
Relevant legal definitions
Company
Employee
Board
Group
Group Company
Adviser
Effective Date
Settlement Date
Termination Date
Original Settlement Date
Payment Date
Agreement
Original Settlement Agreement
Confidentiality Obligations
Post-Termination Restrictions
Settlement Sum
Settlement Payment
Business
Confidential Information
Intellectual Property Rights
Company Property
Client
Customer
Claims
Proceedings
Statutory Claims
Losses
Relevant Period
Working Day
Employee
Board
Group
Group Company
Adviser
Effective Date
Settlement Date
Termination Date
Original Settlement Date
Payment Date
Agreement
Original Settlement Agreement
Confidentiality Obligations
Post-Termination Restrictions
Settlement Sum
Settlement Payment
Business
Confidential Information
Intellectual Property Rights
Company Property
Client
Customer
Claims
Proceedings
Statutory Claims
Losses
Relevant Period
Working Day
Clauses
Settlement Terms
Payment Obligations
Tax Treatment
Waiver of Claims
No Admission of Liability
Confidentiality
Non-Disparagement
Post-Termination Restrictions
Intellectual Property
Data Protection
Company Property Return
Reference Provision
Announcements
Future Cooperation
Legal Advice
Warranty
Entire Agreement
Variation
Third Party Rights
Severability
Governing Law
Jurisdiction
Regulatory Compliance
Tax Compliance
Employment Law Compliance
Payment Obligations
Tax Treatment
Waiver of Claims
No Admission of Liability
Confidentiality
Non-Disparagement
Post-Termination Restrictions
Intellectual Property
Data Protection
Company Property Return
Reference Provision
Announcements
Future Cooperation
Legal Advice
Warranty
Entire Agreement
Variation
Third Party Rights
Severability
Governing Law
Jurisdiction
Regulatory Compliance
Tax Compliance
Employment Law Compliance
Relevant Industries
Relevant Teams
Relevant Roles
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