Settlement Agreement Figure Calculator
Use our free compromise calculator to give an idea of what you should receive. If you`ve quit your job before, this is a real setback to the likelihood that you`ll get a good deal deal. Your employers have no incentive to pay you for your vacation. If you have a new job, it makes the chance of finding a deal even more unlikely, because you can`t even claim that you`ve been/will be affected by a shortfall. If you were offered severance pay because you were sick and unable to work, check that you are entitled to permanent health insurance (also known as income insurance or „PHI“). This type of insurance is sometimes part of the package of benefits to which you are entitled. The purpose of PHI is to get an income when you can`t work. The terms of the IHP guidelines vary. Some say you don`t have to be fit to do your job, others say you have to be unsuitable for any job. They typically offer income protection of between 50% and 75% of your salary (and are intended for situations where an employee is unlikely to be able to work for long). Our calculator uses the information you have provided about your individual employment relationship and your dispute/legal case to calculate your estimated remuneration for settlement agreements, including: a settlement agreement is a legally binding document between you and your former employer. It allows you to leave the employment relationship with financial compensation and possibly other benefits.
In return, this prevents you from bringing an action against the employer before the labour court or civil courts. If your employer has discussed the possibility of a settlement agreement with you, please do not hesitate to contact an employment lawyer with Cavendish Employment Law. We help you achieve the best possible result in your conflict. The calculation of an agreement must take into account different considerations. We add your notice to our billing agreement, based on the fact that we can often get you an agreement where you will receive payment instead of termination, i.e. you are still paid for your notice, but you do not have to. Ideal! Anyway, we gave a slight increase for whistleblowing, because with the right lawyers, one can subtly suggest these things or hold them verbally and take advantage of them to enjoy a good settllement agreement. . . .