Director Termination and Severance

Experts in Director Termination and Severance

Employers often find it difficult when it comes to the removal of a Director as they may also be a shareholder in the company and if the whole process is not handled properly it can damage a business significantly.

It may be necessary to discuss a severance package and if this is agreed upon the employment team at Rix & Kay can assist employers in preparing settlement (formerly known as compromise) agreements. When a senior employee leaves a business the employer will need to do everything that they can to protect the business from the departing employee and this may require a severance package to ensure that the business is protected if the existing Director’s Service Contract does not provide adequate protection.

“Rix & Kay regularly provides operational and strategic employment advice to corporate clients and SMEs, offering support for M&A transactions and advising directors and senior managers on settlement agreements. The firm also operates GatekeeperHR, an HR solution service built to assist a range of business sizes. Elaine Abbs is regarded as very knowledgeable and able to provide information and guidance and is always helpful and supportive”.

“We mainly use the services of Rix & Kay for Employment Law advice. In most circumstances, these situations develop quickly, and decisive action is required almost immediately. The advice provided has been prompt and accurate and has assisted us in diffusing disputes efficiently”.

“Elaine Abbs has been our main point of contact; she developed a training programme for Line Managers and delivered the training in house. This has helped tremendously in diffusing potential difficult situations”.

“Elaine Abbs is very knowledgeable and able to provide information and guidance and is always helpful and supportive. She instils confidence. She responds quickly and has a very approachable and friendly manner as well as professional”.

“Their willingness to help and, even if the enquiry is outside their remit, they will seek advice or point you in the right direction in a constructive and helpful way”.

Industry peers praise Rix & Kay in the latest edition of Legal 500