We review and negotiate all manner of employment contracts and director service agreements to ensure our clients obtain the best possible terms but are also aware of what the contract means for them on a practical level.
Drawing on our decades of experience of acting for employers, we are adept at identifying areas of concern in new contracts, bonuses or incentive plans, explaining to clients in real world language what the documents mean for them in terms of their financial and reputational rights.
We find that the belief that employment contracts are non-negotiable is often untrue. We commonly act “behind the scenes” to help our clients negotiate more favourable terms form their new employers directly so the relationship begins on the most positive footing. We have done so in respect of employers ranging from small, family-owned companies to international banks and insurance companies.
We also act for individuals becoming Senior Managers under the FCA Senior Managers and Certification Regime (“SMCR”) and advising on the unique aspects of such posts, including the personal responsibility the roles attract. We are adept at advising Senior Managers on negotiating their SMCR statements of responsibility.
We are experienced in advising on the following terms of employment contracts, bonuses and incentive plans:
- Discretionary bonuses and variable remuneration
- Deferred compensation
- Share awards and restricted stock units
- Post-Termination Restrictions
- Regulatory considerations.