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Director Termination and Severance

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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. 

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Ashford Office
Suite 4c, Third Floor,
International House, Dover Place
Ashford, Kent, TN23 1HU

Tel: 01233 225660
Fax: N/A
DX: N/A

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7 The Drive
Brighton & Hove
BN3 3JS

Tel: 01273 329797
Fax: 01273 324082
DX: 59257 Hove

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26 Sutton Park Road
Seaford, East Sussex
BN25 1QU

Tel: 01323 897766
Fax: 01323 490278
DX: 38905 Seaford

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16 South Park
Sevenoaks
Kent
TN13 1AN

Tel: 01732 440855
Fax: 01732 440854
DX: 30025 Sevenoaks

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The Courtyard
River Way
Uckfield, East Sussex
TN22 1SL

Tel: 01825 761555
Fax: 01825 764172
DX: 133963 Uckfield 2

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