Employment law 2013 review: employment status - .PDF file.
The controversial concept of ‘employee shareholder’ employment status was a hotly fought point in the game of ‘ping pong’ between the House of Commons and the House of Lords during the passage of the Growth and Infrastructure Act 2013. Ultimately, the government-backed provision made its way onto the statute books and came into force on 1 September.
Basically, individuals can receive shares with a value of at least £2,000 in return for giving up certain employment rights, most notably the right to claim a statutory redundancy payment and to claim unfair dismissal (except in health and safety cases, automatically unfair cases or cases where the dismissal is discriminatory under the Equality Act 2010)…
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