A Revoke Severance Agreement is used when both parties agree to cancel a previously executed severance arrangement. This document becomes necessary in situations such as mutual agreement to resume employment, discovery of material facts that invalidate the original agreement, or when regulatory requirements necessitate revocation. Under English and Welsh law, it must address key elements including payment returns, tax implications, and the reinstatement of pre-severance rights and obligations. The document ensures legal compliance while providing a clear framework for unwinding the original severance arrangement.
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Key Requirements PROMPT example:
Revoke Severance Agreement
"Need to draft a Revoke Severance Agreement for a senior software engineer who will be returning to employment with our company, requiring return of the £50,000 severance payment made on January 15, 2025, and reinstatement of their original employment terms."
1. Parties: Identification of the employer and employee
2. Background: Details of the original severance agreement and reasons for revocation
3. Definitions: Key terms used in the document
4. Revocation Statement: Clear statement of revocation of the original agreement
5. Effective Date: When the revocation takes effect
6. Return of Payments: Terms for returning any severance payments already made
1. Tax Provisions: Additional provisions dealing with tax implications when payments have been made and need to be returned
2. Reinstatement Terms: Provisions covering terms of employment reinstatement when employee is returning to employment
3. Confidentiality: Ongoing confidentiality obligations when original agreement contained confidentiality provisions
1. Original Severance Agreement: Copy of the agreement being revoked
2. Payment Schedule: Schedule of payments to be returned, if applicable
3. Tax Calculations: Details of tax implications and adjustments
Authors
Relevant legal definitions
Agreement
Original Severance Agreement
Effective Date
Employer
Employee
Parties
Severance Payment
Returned Payment
Revocation Date
Original Employment Agreement
Confidential Information
Tax Liability
National Insurance Contributions
Claims
Business Day
Working Day
Group Company
Board
Directors
Surviving Provisions
Relevant Period
Associated Company
Governing Law
Jurisdiction
Original Severance Agreement
Effective Date
Employer
Employee
Parties
Severance Payment
Returned Payment
Revocation Date
Original Employment Agreement
Confidential Information
Tax Liability
National Insurance Contributions
Claims
Business Day
Working Day
Group Company
Board
Directors
Surviving Provisions
Relevant Period
Associated Company
Governing Law
Jurisdiction
Clauses
Interpretation
Revocation
Return of Payments
Tax Treatment
Confidentiality
Mutual Release
Representations and Warranties
Reinstatement of Employment
Non-Admission
Cooperation
Return of Property
Surviving Obligations
Amendment and Waiver
Entire Agreement
Severability
Third Party Rights
Notices
Costs
Counterparts
Governing Law and Jurisdiction
Revocation
Return of Payments
Tax Treatment
Confidentiality
Mutual Release
Representations and Warranties
Reinstatement of Employment
Non-Admission
Cooperation
Return of Property
Surviving Obligations
Amendment and Waiver
Entire Agreement
Severability
Third Party Rights
Notices
Costs
Counterparts
Governing Law and Jurisdiction
Relevant Industries
Relevant Teams
Relevant Roles
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