I have been offered a settlement agreement – do I have to accept it? If you only take ordinary maternity leave (the first 26 weeks) or if you return before the end of ordinary maternity leave, you have the right to return to your original role under the same conditions as before your maternity leave. There are parts of the agreement that I don`t understand or can`t respect – does it matter? For a settlement agreement to have legal effect against you, it must refer to certain sections of labor law. It must also contain clauses that state that you waive or waive some (or all) of your labor rights. Many of the terms used have specific meanings necessary to give the transaction agreement its intended effect. It is up to you to know how much of your entire entitlement to maternity leave you want to receive, even if you have to take at least two weeks after the birth. One situation in which it may not be possible for you to return to your old role could be if there has been a reorganization and your role has been moved elsewhere or if the nature of your role has changed in some way. However, the desire to maintain your maternity insurance as a permanent employee or to give your role to someone else is probably not a good reason not to return your old role. Probably! However, this information is not a substitute for specialized legal advice on your situation. If you would like further advice or if you have obtained a settlement agreement or intend to enter into a settlement agreement, contact Truth Legal to arrange a free, non-binding consultation with a lawyer.
So you are a worker and your employer just mentioned the words « transaction agreement ». What does that mean? How will this affect you? What do I need to know? Don`t worry. Then you`ve come to the right place. We hope to give you all the information you need to know about transaction agreements by answering the questions we are most often asked. Even if the parties have agreed that your settlement is not taxable, it is customary for employers to require « tax compensation » as part of the settlement agreement. In other words, if HMRC decides that a tax is due, you are responsible for it. The allowance generally states that you must reimburse your employer for all taxes that HMRC charges your employer.