EMPLOYMENT SETTLEMENT AGREEMENT
Important jurisdiction and formalities warning
This fictional agreement is an educational example and is not legal advice or a universally effective waiver of employment rights. Settlement agreements often require specific wording, independent legal advice, prescribed certificates, regulatory approval, consultation or witnessing. A waiver may be invalid for claims that cannot lawfully be waived. The parties must use the law and formalities of the relevant workplace and jurisdiction before signing.
1. Parties and background
This Agreement is made on 30 September 2026 between Silver Fern Analytics Limited, whose registered office is at 85 Kingsway, Manchester M2 4WQ (the Company), and Priya Nanduri, of 12 Hazelbank Road, Stockport SK3 8LT (the Employee).
The Employee began work for the Company as a Data Partnerships Manager on 4 March 2021. The parties have discussed concerns about the proposed reorganisation of the partnerships team and the Employee's proposed departure. They wish to resolve the matters described in this Agreement without an admission of liability by either party.
2. End of employment
The Employee's employment will end on 31 October 2026 (the Termination Date). The Employee will remain employed and receive normal salary and contractual benefits until that date, subject to the Company's usual right to require work, garden leave or a lawful adjustment. The Employee will return Company property, including the laptop, security pass and client files, by the Termination Date unless the Company requests an earlier return.
The Company will pay accrued salary through the Termination Date, any accrued but untaken statutory or contractual holiday calculated under its normal payroll process, and approved business expenses submitted by 6 November 2026. Subject to lawful deductions, these amounts will be paid on the next ordinary payroll date or within ten business days after the necessary calculation.
3. Settlement payment
In consideration of the Employee's promises in this Agreement, the Company will pay £18,750 as a settlement payment within 14 days after the later of the Termination Date and the Company's receipt of a fully signed Agreement and the required adviser certificate. The Company will make deductions for tax or social charges where required by law. The Employee remains responsible for providing accurate personal and tax information.
The Company will also pay £2,400 toward the Employee's reasonable legal fees, inclusive of applicable tax, directly to Northbank Employment Law, 3 Albert Square, Manchester M2 5DB, after receiving an invoice addressed to the Employee. This contribution is limited to advice on this Agreement and does not make the adviser the Company's adviser.
4. Claims and exceptions
Subject to receipt of the payments above, the Employee agrees to waive and settle the specific employment-related complaints and causes of action identified in the schedule signed by the parties, to the maximum extent that applicable law permits. The settlement does not waive rights to enforce this Agreement, rights that cannot legally be waived, accrued pension rights, personal injury claims unknown to the Employee at signing, or rights arising after the Agreement date.
The Employee confirms that, except for matters disclosed before signing, no other employment claim is presently known that the Employee intends to pursue. Nothing prevents a protected disclosure or right that cannot lawfully be restricted. The Company makes no admission.
5. Reference and announcement
On request, the Company will provide the factual reference in the agreed form, stating the Employee's job title and employment dates. The parties will say to colleagues and business contacts that Priya is leaving after a team reorganisation and wish each other well. Neither party must make a knowingly false statement.
6. Confidentiality
The parties will keep the existence and terms of this Agreement confidential, except that the Employee may disclose them to immediate family, a spouse or partner, legal and financial advisers, healthcare professionals, insurers, or a tax authority, provided those recipients are asked to keep the information confidential. The Company may disclose the terms to its officers, auditors, payroll provider, insurers and professional advisers who need the information.
Confidentiality does not prevent disclosure required by law, a court, a regulator, a tax authority, a professional obligation or a protected report. It does not prevent the Employee from discussing working conditions or exercising any statutory right that cannot lawfully be restricted. The Company will not use confidentiality to conceal unlawful conduct.
7. Independent advice and authority
The Employee confirms that Jordan Ellis, a qualified employment solicitor at Northbank Employment Law, independently explained the effect and consequences of this Agreement and advised on the affected claims. The Employee had reasonable time to consider and decline it.
Each Company signatory confirms authority to bind the Company. The parties intend this Agreement to be a full and final settlement only of the identified matters and only to the extent permitted by applicable law. No promise outside this written Agreement has been relied upon.
8. Breach and general terms
If the Company fails to pay, the Employee may give notice and seek lawful remedies. If the Employee materially breaches a continuing obligation, the Company may seek remedies permitted by law. An invalid provision will be adjusted or severed as far as legally permitted, leaving the remainder effective.
This Agreement may be signed in counterparts and by a reliable electronic signature if accepted under applicable law. Changes must be signed by both parties. Notices must be sent by tracked post or confirmed email to the addresses above. The Agreement is intended to be governed by the law of England and Wales, subject to mandatory employment protections and tribunal rules that cannot be displaced.
Signatures
Signed for Silver Fern Analytics Limited:
Name: Marcus Bell, People Director
Signature: ____________________ Date: 30 September 2026
Signed by Priya Nanduri:
Signature: ____________________ Date: 30 September 2026
Adviser certificate
I, Jordan Ellis of Northbank Employment Law, confirm that I am an independent qualified adviser, that I explained the terms and effect of this Agreement to Priya Nanduri, and that the applicable statutory conditions for advice have been addressed to the extent known to me.
Signature: ____________________ Date: 30 September 2026