Termination of Employment without Settlement Agreement
The Termination of Employment without Settlement Agreement Letter is used if a dispute and settlement is in respect of wrongful dismissal (contractual claim only) or redundancy and the parties agree a settlement without recourse to a Settlement Agreement.
For more information on Settlement Agreements (previously Compromise Agreements) please read our useful Information Page entitled Settlement Agreements .
This Termination of Employment without Settlement Agreement Letter must be signed by the employee acknowledging the terms of the termination. Having agreed a settlement sum with the employee this letter suggests that the employee should leave immediately. It confirms the sum paid as settlement which is inclusive of any statutory redundancy entitlement or payment in lieu of holiday. The employee is instructed to return all company property by a certain date or prior to receipt of the compensation settlement.
This Settlement Letter template is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.