Gareth Kervin negotiates terms for a departing director worth in excess of £1,500,00023 January 2012
Gareth Kervin, Partner at Kervin & Barnes, negotiated terms in excess of £1,500,000 for a Finance Director departing a London Hedge Fund. The settlement involved payment of future losses, payment of deferred equity and the provision of “good leaver” status. The case involved FSA regulatory issues and complex loans and options under an EMI scheme. Gareth commented “The headline cash compensation of a settlement is often only the surface, the advantage of negotiating “good leaver” status is that it often results in a considerable extra cash value, has tax benefits and is often less “valuable” to the employing company than making an equivalent cash payment.