Any · Template 23 of 40
Use it when ending employment on agreed terms.
Plus a schedule of the commercial details and signature blocks where the document needs them.
The first part of the template, as it reads in Word. Blanks are shown as lines; the drafting notes sit in the margin of the file.
SETTLEMENT AGREEMENT
This Settlement Agreement (the “Agreement”) is made on ____________________ between:
(1) ____________________ LTD, a company registered in England and Wales (registration number ____________) whose registered office is at ______________________________________________ (the “Company”); and
(2) ____________________ of ______________________________________________ (the “Employee”).
Background
(A) The Employee has been employed by the Company since ______________ as ____________________.
(B) The employment will end on the Termination Date, and the Parties have agreed terms for ending it, and for settlement of any claims, as set out in this Agreement.
1. Definitions
“Adviser”: the relevant independent adviser named in clause 5.1.
“Claims”: all claims, complaints and rights of action (whether or not they are or could be in the contemplation of the parties at the date of this Agreement, in any jurisdiction) that the Employee has or may have against the Company, any group company and their officers, employees and shareholders (“Associated Persons”) arising from the Employee’s employment, its termination, or otherwise, including those listed in Schedule 1.
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