Strategic exits for executives and senior employees - MLP Law

Strategic exits for executives
and senior employees

As an executive or senior employee, a time may come when either you or the business you work for decides it is time to move on. If it does, it is vital that you protect your interests and reputation, as well as ensuring you receive appropriate compensation for loss of office.

We tailor our support to you and your unique circumstances, taking a commercially focussed approach to ensure you are able to move smoothly to the next phase of your career.

Request a consultation with our expert Employment Law solicitors to discuss
how we can support your strategic exit and open up the next phase of your career.

Request a consultation

Our strategic approach ensures you are able to move on in your career whilst
protecting your reputation and maximising the financial package you receive.

Our services include:

  • Negotiating the terms of your exit and maximising your financial package;
  • Understanding, and negotiating, any ongoing obligations you may have;
  • Managing any announcements and communications about your exit;
  • Protecting any shares or options you may hold; and
  • Representing you in internal grievances or in Employment Tribunal or Court claim.

Our Approach

All of our highly experienced Employment Law solicitors are Legal 500 recommended leaders in their field, who provide jargon-free, commercial legal advice. We speak to you in plain English and provide specialist, practical and pro-active solutions for you.

We take the time to understand you and the challenges you face, enabling us to provide bespoke advice which is tailored to you.

Testimonial

“Gareth was extremely knowledgeable, friendly and practical in the advice he gave me. The issue was resolved very quickly and to my full satisfaction. I am happy to recommend the firm for any employment concerns.”

-NH

FAQs

  1. What is a strategic exit for an executive or senior employee?

    When an executive, senior employee or director leaves a business, it is often best for all concerned that their exit is smooth and, wherever possible, amicable.

    This can mean balancing a number of factors, for both the employee and the employer, including the reputation and financial impact on each party and the next phase in the career of the individual and the development of the business. As a result, this kind of exit can often involve much negotiation and compromise.

  2. Will I be released from my post-termination restrictions?

    Unsurprisingly, employment contracts for executives, senior employees and directors typically include post-termination restrictions which purport to limit the activities of the individual after their employment ends.

    Negotiating a strategic exit will therefore often include negotiations around releasing the individual from these restrictions, or reducing their length of scope.

  3. What happens if I have shares in my employer’s business?

    It is vital that your shares in your employer’s business are covered in any negotiations around your strategic exit. Depending on the rules of the relevant share scheme, this may include ensuring you receive the payments you are entitled to if you are required to return the shares, or it may include ensuring measures are put in place to protect the value of your shares in the event you are holding onto them despite the end of your employment.

  4. How can I protect my reputation?

    An agreement between the parties to protect their respective reputations is common, and will often be included in the terms of a formal Settlement Agreement. Typical clauses may include a mutual agreement that the parties will not make any critical or derogatory comments about each other, nor will they disclose details of how their working relationship came to an end.

Speak to us to see
how we can help

0161 926 9969

Why choose the mlplaw team?

  • Unparalleled Expertise and Experience

We are vastly experienced, Legal-500 recommended Employment Tribunal experts who live and breathe Employment Law. From executive exits and tackling issues like unfair dismissal and discrimination to diving into the complexity of holiday pay – there is no Employment Law challenge we haven’t met head on. We provide empathetic and robust legal support to employees, helping them to achieve their successful outcomes.

  • Your case, your service

You are unique, as are the challenges you face. That’s why our approach is always tailored to you. We don’t like one-size-fits-all strategies. We’re all about crafting tailored strategies that fit your specific needs. Communication is key. We’re fluent in plain language and have no time for legal jargon. We believe in complete transparency and  proactivity, providing you with a clear path and fixed fees so you’re never caught off guard.

  • We keep your options open

The road to success isn’t a one-way street, and we’re here to keep your options open. We’re masters of alternative dispute resolution methods, such as mediation and negotiation, which are the keys to sidestepping the time, money, and stress of legal claims.

 


    Request a consultation

    Simply complete the form below and one of our experienced team will be in touch soon




    Must-read Employment Law Blogs

    Q&A Session – Managing Sickness Absence
    13th Feb 2024

    Sickness absence can have a disruptive effect on a business and should...

    Read

    4 mins read

    Read

    14 mins read