A gross injustice avoided — employer allowed to make settlement payment net of tax
When the claimant in Barden v Commodities Research Unit International was dismissed as chief executive officer, he entered a severance agreement, including payment of a long-term incentive plan (LTIP). When the LTIP was not paid, he issued proceedings, which were eventually settled after mediation. The settlement agreement, signed in the early hours of the morning, provided for a ‘settlement sum’ of £1.35m to be paid to the claimant. The tax treatment of the sum was not mentioned in the agreement…
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The decision of the US Court of Appeals has raised questions about how issuers should present their disclosures on conflict minerals under Exchange Act Rule 13p-1 and Form SD.
An interesting judgment was delivered by the Honourable J Majiki on 19 November 2013 in the Eastern Cape High Court, Port Elizabeth.
Analysis from The Lawyer
As international firms question their future in these small, closely linked markets, local lawyers too are eyeing the business environment with caution
Beyond the headline infrastructure projects, UK construction work is still recovering from the clobbering it took during the slump