Acknowledgment of changes to terms and conditions of employment to implement salary sacrifices


Produced in partnership with Lewin Higgins-Green of FTI Consulting and Sam Whitaker of Debevoise & Plimpton LLP
Precedents

Acknowledgment of changes to terms and conditions of employment to implement salary sacrifices


Produced in partnership with Lewin Higgins-Green of FTI Consulting and Sam Whitaker of Debevoise & Plimpton LLP

Precedents
imgtext

[insert date of letter]

This document summarises certain changes to the contractual terms and conditions of employment between [insert name of employee] (you) and [insert name of employing company] (the Company).

On [insert date of original letter from company], the Company advised you of arrangements through which, in exchange for a reduction in salary, you could elect to receive [describe

Lewin Higgins-Green
Lewin Higgins-Green

FTI Consulting

Lewin Higgins-Green leads FTI Consulting’s Employment Tax & Reward offering in the UK. Lewin works with clients across a wide range of sectors, with a strong focus on financial services, and advises clients on employee related tax matters, both for domestic and internationally mobile employees. Lewin is a chartered tax advisor and a member of the Employment Taxes Technical Sub-Committee of the Chartered Institute of Taxation.

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Sam Whitaker
Sam Whitaker

Lawyer, Debevoise & Plimpton LLP

Sam is an International Counsel in the London office of Debevoise & Plimpton LLP. He provides the full range of employment and benefits advice on transactions and stand-alone employment matters. He has substantial experience of advising on the employment and benefits aspects of various transactions, including UK listings, share and asset acquisitions and disposals (both UK-based and multi-jurisdictional transactions), joint ventures and other transactions.
 
He provides the full range of stand-alone employment advice including the implementation of employment and benefit arrangements for senior executives, implementing executive severance arrangements, managing UK and international redundancy exercises and related consultation requirements, the establishment of share incentive and bonus plans, employment litigation involving restrictive covenants, unfair and wrongful dismissal and discrimination issues.
 
He also advises on compliance with regulatory requirements on remuneration, in particular the FCA/PRA’s Remuneration Codes and, at a European level, CRDV.

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Jurisdiction(s):
United Kingdom

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