We regularly advise both employers and senior executives on different aspects of proposed changes to employment contracts, from the negotiation of specific provisions in senior executive employment contracts to wider-scale changes to employment terms across an employer’s workforce. Examples of the issues we advise on are:
- The negotiation of new key terms for senior executives during the course of employment, for example on a promotion, relocation or change of role. This will often involve advising on variations to employment contracts such as new term/notice/termination provisions, more complex remuneration/bonus arrangements or more specific, bespoke post-termination restrictive covenants to reflect an individual’s increased role in the business.
- Advising employers on how to approach proposed changes to employees’ contractual terms.
- The interpretation of contractual terms and implementation of flexibility clauses which are drafted to allow changes to be made to employment contracts.
- Advising both employees and senior executives on the legal options available in the event that agreement cannot be reached on proposed changes to contracts of employment.
- Implementation of significant harmonisation of or changes to terms and conditions across the wider workforce, and related information and collective consultation requirements that may be triggered.