Senior executive exits
Problems with a co-director or business partner?
Need to restructure your business?
Organising the exit strategy for a senior executive can be a complicated exercise that needs to be conducted with tremendous care to avoid harmful repercussions.
Dismissing an executive without notice or in the absence of a fair reason can be especially costly. Depending on the circumstances you could face a claim for unfair dismissal, wrongful dismissal or breach of contract. If the employee suspects that their dismissal is because of a protected characteristic, then they could claim for discrimination too.
Because of the high profile nature of a director’s role, many companies prefer to avoid going through a potentially damaging and lengthy disciplinary process and instead offer the director a settlement agreement.
If you are considering dismissing a director, our employment solicitors will give you sound legal advice at an early stage so that an effective strategy can be put in place.
We can help minimise the risk of unfair dismissal claims and ensure that all relevant matters are addressed. We can also draft the settlement agreement, and defend any claims brought by a former director at an employment tribunal.
Our EmployerAssist service could provide you with further peace of mind, giving you a dedicated helpline to our employment law specialists, a bespoke annual audit, access to our database of contracts and policies and regular updates at a fixed monthly cost.
Based in Stoke-on-Trent, Staffordshire, our specialist employment solicitors offer independent legal advice and representation on all types of employment law problems. To find out more, contact us on 01782 577000.
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