Agreement Financial Compensation

If you have information about practices within the company, such as fraud or misconduct, they will often want to pay you a lump sum if you sign a confidentiality clause in a settlement agreement – the so-called “strangulation clause”. Employment contracts and compensation agreements are useful if you need control over the employee`s ability to leave your company. For example, if finding and training a replacement for your business may take time, you should consider a written contract with the employee. It may require the employee to inform you sufficiently to find and train a suitable replacement, for example. B a 90-day notice or the employee`s term employment commitment, for example. B two years.

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