Negotiating exit packages

A common area we regularly advise on is helping senior executives negotiate the best exit package possible; usually resulting in a settlement agreement.

There will be several factors we will seek to balance. 

Protecting your position in relation to the terms being offered will be important and, of course, ensuring the terms are fair and reflective of your situation/negotiating position/potential claims.

Ensuring, as best we can, that your reputation remains intact is often a key consideration for senior executives, including, securing terms to cover any shares, LTIPs or other awards you may have accrued or to which you are entitled. 

Announcements, internally and externally, usually require time and consideration to ensure that your exit is presented in a way that reflects well on you, and, depending on your position, can be prepared with the input of a specialist PR agency.

When negotiating exit packages, a lot will turn on who triggers the discussion. If you are seeking an exit, we can help you introduce the concept of an exit package in the best way possible, depending on your situation. 

If your employer has approached you about an exit, the timing, reasoning and messaging will be key to understand where the weakness of its position may lie and how that can be used to ensure you receive the best possible offer.

When negotiating, we understand there are several factors at play. We see litigation as a last resort, and while we are yet to meet a senior executive client who is keen to litigate, we always advise knowing how our clients’ rights can ultimately be enforced. 

Get advice on negotiating your exit package

Speak to our team for clear, practical guidance tailored to your circumstances.