Executives

Our specialist area is in the negotiation of executive termination packages. We have negotiated severance packages worth millions of pounds over the last few years at all levels of seniority and pay.

Almost all of our clients have the same aims:

• As much money as possible
• As quickly as possible ·
• With as few post termination restrictions as possible
• As cheaply as possible; and
• In as professional manner as possible

In most of our cases the Executive's legal costs are paid for by the Company.

When having to negotiate a deal

One of the easiest things you can do is just ring and have a chat about the situation. We will tell you if we can help and discuss costs with you. Before accepting any instructions from clients we have to comply with the Law Society and legal requirements. This means that we may have to obtain satisfactory evidence of identity to comply with the legal requirements on money laundering and also we will have to send you a letter concerning our charges and our services in accordance with Law Society rules.

Alternatively:

Step 1 - send us a short email to conflict.check@steenandco.co.uk stating the name of your employer.

Step 2 - we will respond stating whether we can act - if we cannot act on your behalf because we already act on behalf of your employer we will tell you immediately and keep the conversation confidential.

Step 3 - We will send you a form to complete providing all the information we need to advise you fully. We will also contact you with an estimate of the costs for our advice and agreed a way forward.

Other issues for executives

Payment in Lieu of Notice clauses - 'PILONs'- we can advise on whether the £30,000 tax exemption applies;

Tax Indemnity - what does it mean and does your employer has a right to ask for one - we can advise on whether you should accept one and if so on how to protect yourself.

Garden Leave - we can advise on whether your employer can insist you stay at home;

Service Agreements - not only do we draft them for companies but we regularly advise executives before they sign them.

Restrictive covenants - we can advise whether your employer can prevent you working for a competitor after you leave and on what to do if after you leave your employer is threatening you.

Executive Form

We have created this form to assist us in taking instructions from clients in a structured methodical way and cost effective way. Simon Steen the principal of Steen & Co Employment Solicitors has dealt with hundreds of termination package negotiations for senior executives over the last 10 years obtaining millions of pounds for his clients.

If you decide to use our services completion of this form will assist in the process and will save time and expense. Of course, you do not have to complete it as we will be more than happy to discuss these matters over the phone or in a meeting whether during or after office hours.