Hi Pat what is the difference between severance payment and compromise agreement.Do you know thanks
Hi Anon, I’m not sure which Pat you wanted… well you’ve got me!
Take a look at this link:
It seems to me that a severance payment is just a straightforward payment when your employment is ended.
A ‘compromise agreement’ is a payment given on condition that you will not pursue a claim against your employer for unfair dismissal.
If you are in this situation, I strongly urge you to seek legal advice. Sounds to me that it’s something that a lawyer, or CAB, or a shop steward should deal with on your behalf.
Hope this helps,