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What non-financial terms are normally included in a settlement agreement?
The following non-financial terms are common in a settlement agreement:
That you be provided with a reference by your employer after you leave your employment, as well as the form of the reference
Confidentiality terms, ensuring that you and your employer keep the terms of the agreement secret (subject to certain exceptions) after the agreement is completed (it is common to need to amend the confidentiality clause to make sure that it applies to both parties)
‘No bad-mouthing’ clauses (more technically known as ‘non-derogatory clauses’) which prevent both you and your employer from saying anything negative about each other after (again, this is normally something that will need to be amended in the agreement)
Outplacement support – that your employer will pay for a third-party company to help you improve your CV and find a new job
That you’re able to keep company property in your possession – you can, in our experience, negotiate with your employer to keep the company mobile telephone or laptop in your possession, or to retain the mobile telephone number in your possession
Allow you to keep receiving certain work-related benefits – for example, extending the period of time that you are covered by medical insurance for or that your employer pays a certain sum into your pension to top up employers’ pension contributions
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