10 tips for when your employer offers you a settlement agreement
Your employer wants to terminate your employment contract and offers a settlement agreement, also known as a termination agreement, to do so. Then consider these 10 tips:
- Do not sign the agreement immediately.
- Negotiate the first proposal, often there is room to negotiate and you can agree on higher compensation or longer notice.
- Check if your right to Unemployment Compensation (WW) is guaranteed.
- Check that the end date is correct, i.e. that the correct notice period has been observed .
- Check whether the severance pay is reasonable .
- Ill? Don't just agree to the settlement agreement.
- Drop the non-compete and/or non-solicitation clause.
- Consider payment of vacation days and other wage components at final settlement.
- If necessary, ask for support in finding a new job, through outplacement or training budget.
- Engage an attorney or lawyer specializing in employment law.
This blog was written by Mr. Stijn Blom, employment lawyer at Arbeidsadvocaat.nl B.V. Stijn has extensive experience in employment law and assists entrepreneurs daily with a wide range of employment-related matters. From dismissal cases to drafting watertight contracts and policies – with his practical and personal approach, he helps employers and employees move forward. Want to know more?Visit Stijn's page.
Arbeidsadvocaat.nl is happy to think with you if you are offered a settlement agreement. Please feel free to contact us.
June 2024
