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A Dividend Waiver Agreement under UK law is a legal document that outlines the terms and conditions agreed upon by shareholders of a company in relation to waiving their entitlement to receive dividends. In the context of corporate law, dividends are the portion of company profits distributed to shareholders. By signing this agreement, shareholders voluntarily relinquish their rights to receive such dividend payments, allowing the funds to remain within the company for reinvestment or other purposes.

This template typically contains provisions addressing the details of the waiver, including the specific dividend payments to be waived, the period of time for which the waiver remains valid, and any conditions or limitations applied. It may also cover considerations such as the impact on tax liabilities, the effect on the rights of shareholders, the obligations of the company to provide alternative benefits, and the potential consequences of breaching the agreement.

This legal template is commonly used in situations where shareholders wish to support the financial stability or growth of the company rather than receiving immediate dividends. It can be employed by privately held companies as well as publicly traded ones, and serves as an important tool for facilitating the efficient allocation of profits and resources within the company structure.

Given that UK law governs this agreement, it is crucial to ensure compliance with relevant legal requirements, including those outlined in the Companies Act 2006 and any other relevant legislation or regulations. Additionally, it is advisable for parties involved to seek professional legal advice to tailor the template to their specific circumstances, ensuring that the agreement meets their desired objectives and safeguards their interests.

The legal template titled "ET1 Claiming Constructive Dismissal under UK law" is a comprehensive document that assists individuals in submitting a formal claim for constructive dismissal to an Employment Tribunal (ET) in the United Kingdom. Constructive dismissal refers to a situation where an employee feels compelled to resign due to their employer's breach of contract or a hostile work environment.

This template would likely entail an assortment of sections covering essential components required for a claim, such as:

1. Personal and employer details: This section would require the claimant to provide their personal information, including full name, contact details, and employment start and end dates. Similarly, it would prompt the inclusion of the employer's information, including their name and address.

2. Grounds for constructive dismissal: This section would guide the claimant in explaining the circumstances that led to their claim. It would require detailing the employer's actions or omissions that allegedly breached the employment contract, infringed on statutory employment rights, or created an intolerable work environment.

3. Chronology of events: This section would provide a timeline of incidents leading to the claimant's resignation. It would include relevant dates, descriptions of incidents, any attempts made to address concerns with the employer, and subsequent outcomes.

4. Supporting evidence: This section would allow the claimant to attach any relevant documentation supporting their claim, such as letters, emails, or other correspondence with the employer. Additionally, they may include any evidence demonstrating attempts to resolve issues through formal or informal channels.

5. Remedies sought: In this section, the claimant would outline the remedies they are seeking as a result of the constructive dismissal, such as compensation for lost earnings, damages for distress caused, or reinstatement of their employment position.

6. Declaration and signature: The template would include a final section where the claimant declares the information provided is true and accurate to the best of their knowledge. It would also include a space for the claimant's signature and the date.

Overall, this legal template aims to provide a structured framework for individuals seeking to make a claim for constructive dismissal in accordance with UK law. It should assist them in organizing their case coherently and ensuring all necessary details and supporting evidence are adequately included for submission to an Employment Tribunal.