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Hi All,
Hope someone can help me. I have been employed by a group of companies for the last 8.5 years in the area of recruitment and hr. The last 4 years I have been a director of one company and paid a very low basic and top up monthly with dividend payments (being paid the same amount every month). I have a number of shares in this company/ I also have an employment contract in place which gives me employee employment rights and a three month notice period. I have had a major falling out with the managing director of the group as a result of my having to take a senior member of staff in one of the other companies through a grievance procedure and I have been made a bit of a scape goat when the grievance holder was persuaded to drop the complaint. The upshot is that the MD is trying to get rid of me either through my agreeing to a settlement agreement with redundancy being threatened if I do not agree. The amount I have been offered is far less than I would get through redundancy. My real concern is that my regular dividend payments will not be taken into consideration in any settlement or redundancy situation. Can anyone advise? I have been put on paid leave until he returns from holiday so everything is up in the air. I am worried though that come the end of this month I will be paid a fifth of what I normally get as he will seek to only pay me the basic. Sorry a bit of a ramble but I am having sleepless nights about all of this......
I have recently employed an employment solicitor who says that I have a good case for unfair dismissal if it went to tribunal. However, I am worried that my MD may put the company into admin in which case I will get nothing. Should I go along the settlement agreement route and if so can I expect to get a sum inclusive of regular dividend amounts for loss of office?
Hope someone can help me. I have been employed by a group of companies for the last 8.5 years in the area of recruitment and hr. The last 4 years I have been a director of one company and paid a very low basic and top up monthly with dividend payments (being paid the same amount every month). I have a number of shares in this company/ I also have an employment contract in place which gives me employee employment rights and a three month notice period. I have had a major falling out with the managing director of the group as a result of my having to take a senior member of staff in one of the other companies through a grievance procedure and I have been made a bit of a scape goat when the grievance holder was persuaded to drop the complaint. The upshot is that the MD is trying to get rid of me either through my agreeing to a settlement agreement with redundancy being threatened if I do not agree. The amount I have been offered is far less than I would get through redundancy. My real concern is that my regular dividend payments will not be taken into consideration in any settlement or redundancy situation. Can anyone advise? I have been put on paid leave until he returns from holiday so everything is up in the air. I am worried though that come the end of this month I will be paid a fifth of what I normally get as he will seek to only pay me the basic. Sorry a bit of a ramble but I am having sleepless nights about all of this......
I have recently employed an employment solicitor who says that I have a good case for unfair dismissal if it went to tribunal. However, I am worried that my MD may put the company into admin in which case I will get nothing. Should I go along the settlement agreement route and if so can I expect to get a sum inclusive of regular dividend amounts for loss of office?
