PILON Clauses › Termination

Forfeiture, penalty and repudiation: terminating the employment of highly paid employees

Two recent cases in the English courts have focused on important issues for employers of senior and highly remunerated employees, particularly those in the financial services sector where payments under incentive plans are...more

UK Employment Alert No 206: How to Terminate Employment and Exercise a Payment in Lieu of Notice Clause

The UK Supreme Court has provided guidance about two issues of importance for employers wishing to dismiss a UK employee: 1. What happens when an employer dismisses an employee in a manner that breaches the terms of the...more