COT3 Settlement Agreement
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RSISolutions
Community member Posts: 128 Courageous
What should a disabled employee specifically look for in a settlement agreement?
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Settlement Agreements (SA)
- All monies due up to the "Settlement Date" including salary, overtime, pay in lieu of owed holidays/perks (non-negotiable.)
- Compensation for loss of employment (negotiable)
- All costs, such as the solicitor and travel to/from same (non-negotiable.)
- A official letter of reference signed by an appropriate company officer and on headed paper drafted by the employee (non-negotiable.)
- A gagging clause that is equal to both parties such that it can be admitted that there is an SA but its terms are confidential. (non-negotiable.)
- All usual standard terms of an SA such as "full and final settlement."
Seeing a solicitor is compulsory but they must be skilled and experienced in this specific field !
If an employer has been so inappropriate as to have caused an SA to be offered then expect them to be incompetent and inappropriate during negotiations.
If an SA is even suggested by an employer;
I have had calls at home bypassing the solicitor so the company owner could scream at me and call me an extortionist !- Stop talking immediately and put it in the hands of a good solicitor.
- Do not listen to any suggestions from the employer. Especially if it is that "they have used XYZ Solicitors in the past."
- Ignore any document given to you by the employer. Your solicitor will do the drafting.
- It is not compulsory. Ask your solicitor if the offered terms are better than a Tribunal is likely to offer.
- All monies due up to the "Settlement Date" including salary, overtime, pay in lieu of owed holidays/perks (non-negotiable.)
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Hi @RSISolutions,
Hopefully some other members of the community will be able to share their experiences and help you out with this. In the meantime, in case you haven't seen these already, there's some more information on settlement agreements on this Citizens Advice page (about halfway down). There's also some information specifically about COT 3 agreements on this page.
Hope this helps! -
The terms an employee should seek ought to be the same for an informal SA or a formal SA where they have already gone to ACAS (COT3.)
I would strongly recommend seeing a solicitor even though it's not compulsory when going to ACAS (COT3) prior to Tribunal.
I second @PippaScope 's advice to read up first.
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