You can normally expect to receive the following financial payments under a settlement agreement:

• Contractual payments payable to the date of termination;
• Payment in lieu of notice (if you are not serving your notice period or being put on garden leave);
• Holiday pay accrued but not taken as of the termination date;
• Statutory redundancy pay (in a redundancy situation);
• Enhanced redundancy pay (in a redundancy situation)
• Compensation for termination of employment (also known as an ‘ex-gratia payment’ or termination payment);
• Sums due in respect of bonus payments, share schemes, and/or long-term incentive plans (also known as ‘LTIPs’);
• Additional payments for post-termination restrictions and/or new confidentiality clauses