PILON Clauses - The Complex Issues Explored

Introduction

Payment in Lieu of Notice (or PILON) clauses are an important and often overlooked area.

Well drafted PILON clauses can help smoothly manage the end of a contractual relationship with an employee, and preserve key aspects of the employment contract, like restrictive covenants.

Although PILON clauses are a crucial aspect of the employment contract, this is a complex area fraught with challenges for employers. Evolving case law and new rules around taxation give rise to a number of issues at each stage of the employment relationship.

In this virtual classroom seminar, find out:

• The importance of PILON clauses
• How to draft an effective PILON clause
• The common pitfalls employers face when dealing with PILON clauses
• The key common law principles in relation to PILON clauses
• The rules around the tax treatment of PILON and post-termination payments

What You Will Learn

This live and interactive session will cover the following:

• How and when to use PILON clauses
• Common errors to avoid
• The tribunal’s and court’s treatment of PILON clauses
• HMRC’s view on PILON and post-termination payments

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.