All Templates
Hire an employee
🖍️ Employment agreement
Payment In Lieu Of Notice To Terminate With Immediate Effect (Clause For Employment Contact)
Payment In Lieu Of Notice To Terminate With Immediate Effect (Clause For Employment Contact)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
🖍️ Employment agreementBusiness activity
Hire an employeeAn employment agreement is a contract between an employer and employee that sets forth the rights and responsibilities of each party. It can cover such topics as wages, hours, job duties, and other terms and conditions of employment. The agreement can also include a clause specifying that the employee will not compete with the employer after leaving the job.
The legal template "Payment In Lieu Of Notice To Terminate With Immediate Effect (Clause For Employment Contact) under UK law" is a document used by employers and employees in the United Kingdom to outline the terms and conditions surrounding the termination of an employment contract without notice.
In certain circumstances, employers may need to terminate an employment contract with immediate effect, bypassing the notice period that is typically required. These circumstances may include gross misconduct, serious breach of contract, or other significant reasons justifying an immediate termination.
This legal template serves as a pre-drafted clause to be included in an employment contract. It aims to provide a clear understanding and agreement between the employer and employee regarding the payment the employee is entitled to receive instead of serving the notice period.
The template specifically addresses the financial aspect of the immediate termination, offering guidance on the amount and method of payment in lieu of notice. It may outline whether the payment will include a full or partial salary, any accrued but untaken holidays, bonuses, benefits, or pensions that the employee would have received during the notice period.
While this template is designed to comply with UK employment laws, it is essential for both employers and employees to seek legal advice and ensure the clause aligns with the specific circumstances and requirements of their situation.
In certain circumstances, employers may need to terminate an employment contract with immediate effect, bypassing the notice period that is typically required. These circumstances may include gross misconduct, serious breach of contract, or other significant reasons justifying an immediate termination.
This legal template serves as a pre-drafted clause to be included in an employment contract. It aims to provide a clear understanding and agreement between the employer and employee regarding the payment the employee is entitled to receive instead of serving the notice period.
The template specifically addresses the financial aspect of the immediate termination, offering guidance on the amount and method of payment in lieu of notice. It may outline whether the payment will include a full or partial salary, any accrued but untaken holidays, bonuses, benefits, or pensions that the employee would have received during the notice period.
While this template is designed to comply with UK employment laws, it is essential for both employers and employees to seek legal advice and ensure the clause aligns with the specific circumstances and requirements of their situation.
How it works
PRODUCT HUNT
#1 Product of the Day
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
See Genie AI in action
Book your personalised demo now
Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue
Similar legal templates
Simple Demerger Agreement (Listed Parent to Newco)
A Simple Demerger Agreement (Listed Parent to Newco) under UK law is a legal template that outlines the terms and conditions for the separation of a listed parent company into two separate entities. This agreement is specifically designed for demergers involving a parent company listed on a stock exchange in the United Kingdom.
The demerger process involves the transfer of certain assets, liabilities, businesses, or divisions from the listed parent company (referred to as the demerging entity) to a newly formed company known as Newco. The demerger agreement sets out the mechanics and legal framework for this transaction, ensuring a smooth and legally compliant separation.
The template covers various aspects, including the transfer of shares, assets, employees, contracts, and other related matters. It may also address financial considerations, tax implications, and any restrictions or approvals required from regulatory bodies or shareholders.
The agreement ensures that both entities are adequately protected during the demerger process and lays down provisions to govern the relationship and ongoing responsibilities between the listed parent company and Newco post-demerger. This may include matters such as intellectual property rights, warranties, indemnities, dispute resolution mechanisms, and provisions for any potential liabilities arising from the demerger.
By utilizing this legal template, parties involved in a demerger can efficiently document their intentions, rights, obligations, and expectations in a legally binding manner. It provides a clear roadmap for the demerger process, facilitating a smooth transition and minimizing potential disputes or uncertainties that may arise.
The demerger process involves the transfer of certain assets, liabilities, businesses, or divisions from the listed parent company (referred to as the demerging entity) to a newly formed company known as Newco. The demerger agreement sets out the mechanics and legal framework for this transaction, ensuring a smooth and legally compliant separation.
The template covers various aspects, including the transfer of shares, assets, employees, contracts, and other related matters. It may also address financial considerations, tax implications, and any restrictions or approvals required from regulatory bodies or shareholders.
The agreement ensures that both entities are adequately protected during the demerger process and lays down provisions to govern the relationship and ongoing responsibilities between the listed parent company and Newco post-demerger. This may include matters such as intellectual property rights, warranties, indemnities, dispute resolution mechanisms, and provisions for any potential liabilities arising from the demerger.
By utilizing this legal template, parties involved in a demerger can efficiently document their intentions, rights, obligations, and expectations in a legally binding manner. It provides a clear roadmap for the demerger process, facilitating a smooth transition and minimizing potential disputes or uncertainties that may arise.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
2
RATINGS
0
DISCUSSIONS
0
Simple Paternity Policy (Leave And Pay)
This legal template is designed to outline a simple paternity policy under UK law, specifically addressing leave and pay entitlements for employees in relation to paternity leave. The purpose of this document is to provide clear guidelines for employers and employees regarding the rights and responsibilities associated with paternity leave and pay in compliance with UK legislation.
The template may include provisions regarding the eligibility requirements for employees to qualify for paternity leave, such as minimum length of service or notification procedures. It could also outline the duration and timing of paternity leave, detailing the available options for employees in terms of taking consecutive or non-consecutive leave days, as well as the maximum period of leave allowed.
Moreover, the template could specify the statutory or contractual entitlements for pay during paternity leave, addressing aspects such as the weekly pay amount, the duration of paid leave, and any additional benefits that may be provided. It may also outline the employee's duty to provide supporting documentation, such as a birth certificate or proof of the partner's pregnancy, in order to be eligible for the paternity leave and pay benefits.
Additionally, the legal template might cover the employee's rights to request flexible working arrangements upon their return from paternity leave, promoting work-life balance and ensuring the employer's compliance with relevant legislation.
Overall, this legal template serves as a comprehensive resource for employers to establish a clear and fair paternity policy that complies with UK law, promoting employee rights and ensuring equal treatment for those seeking paternity leave and pay benefits.
The template may include provisions regarding the eligibility requirements for employees to qualify for paternity leave, such as minimum length of service or notification procedures. It could also outline the duration and timing of paternity leave, detailing the available options for employees in terms of taking consecutive or non-consecutive leave days, as well as the maximum period of leave allowed.
Moreover, the template could specify the statutory or contractual entitlements for pay during paternity leave, addressing aspects such as the weekly pay amount, the duration of paid leave, and any additional benefits that may be provided. It may also outline the employee's duty to provide supporting documentation, such as a birth certificate or proof of the partner's pregnancy, in order to be eligible for the paternity leave and pay benefits.
Additionally, the legal template might cover the employee's rights to request flexible working arrangements upon their return from paternity leave, promoting work-life balance and ensuring the employer's compliance with relevant legislation.
Overall, this legal template serves as a comprehensive resource for employers to establish a clear and fair paternity policy that complies with UK law, promoting employee rights and ensuring equal treatment for those seeking paternity leave and pay benefits.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
10
RATINGS
4
DISCUSSIONS
1
Seller's Board Minutes (Share Purchase Approval)
The legal template titled "Seller's Board Minutes (Share Purchase Approval) under UK law" is a comprehensive document tailored to document the proceedings and decisions made during a board meeting of a selling company in relation to the approval of a share purchase transaction. This template is specifically designed to meet the legal requirements and formalities set forth by UK laws and regulations.
The document provides a structured format to record the critical elements of the board meeting, including the date, time, and location of the meeting, the names and roles of all board members present, and any necessary apologies for absentees. It aims to outline the deliberations and resolutions reached by the board members regarding the proposed sale of shares.
The template typically entails a record of the board's decision-making process, discussions on the terms and conditions of the share purchase transaction, and any other relevant matters considered by the board members. It may include discussions on the valuation of the shares, potential risks and benefits associated with the transaction, and any contractual obligations or regulatory compliance requirements that need to be considered.
Moreover, the template may contain specific provisions related to voting or abstention procedures, ensuring compliance with the company's articles of association or bylaws, or any specific legal requirements provided by UK laws governing the sale of shares.
By utilizing this legal template, the board can meticulously document the details of their decision-making process and have an official record of their approval for the share purchase, providing clarity and reliability for future reference. This template serves as an essential document for maintaining company governance standards, ensuring compliance, and protecting the legal interests of the selling company and its stakeholders in accordance with UK legislation.
The document provides a structured format to record the critical elements of the board meeting, including the date, time, and location of the meeting, the names and roles of all board members present, and any necessary apologies for absentees. It aims to outline the deliberations and resolutions reached by the board members regarding the proposed sale of shares.
The template typically entails a record of the board's decision-making process, discussions on the terms and conditions of the share purchase transaction, and any other relevant matters considered by the board members. It may include discussions on the valuation of the shares, potential risks and benefits associated with the transaction, and any contractual obligations or regulatory compliance requirements that need to be considered.
Moreover, the template may contain specific provisions related to voting or abstention procedures, ensuring compliance with the company's articles of association or bylaws, or any specific legal requirements provided by UK laws governing the sale of shares.
By utilizing this legal template, the board can meticulously document the details of their decision-making process and have an official record of their approval for the share purchase, providing clarity and reliability for future reference. This template serves as an essential document for maintaining company governance standards, ensuring compliance, and protecting the legal interests of the selling company and its stakeholders in accordance with UK legislation.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
2
RATINGS
3
DISCUSSIONS
0
