COT3 Agreement

[Turbo86]

Hello,

I am settling my ET claim with my employer. They are agreeing to pay 28days after they have confirmation the claim has been withdrawn.

I dont agree and want them to pay following signing the agreement. I will then withdraw my claim.

I think this might be a sticking point. Are there any standard terms for these settlements? Are either of us not being fair?

I dont trust my employer and know they may not pay. I will tjen need to chase for the money but will have no leverage.

Any help greatly received.

[ULA]

Settlements are rarely paid as soon as the agreement is signed.

28 days is a normal employer starting point, although it is fairly standard practice for a company to agree for payment to be made within 14-21 days of the COT3 being signed.