Director's severance settlement and agreement


I am a Director with 40% stake in a pvt ltd ites Company since the last 10 years. The Company has been consistently performing with around 90 lakhs of turnover. I would like to resign and settle. What is the best way to calculate the severance amount.
 
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This RELEASE AND SEVERANCE AGREEMENT is made and gone into compelling as Essay Writer Uk of the nineteenth day of May 2006, by and between Randall L. Frame ("Hull"), from one perspective, and Environmental Power Corporation ("EPC") and Microgy, Inc. ("Microgy"), then again (EPC and Microgy together, and by and large with their previous, present and future guardians, specialists, officers, chiefs, representatives, successors, antecedents, and subsidiary organizations, the "Organization").

 

 
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Consultant

@Mr. Kapeed Singh,

Could you understand anything from the advice of Florence? It seems, he/she has smelled your query to be merely of an academic nature. 

Moreover, isettlement of severence amount is not a legal problem. You could better have consulted your own company's CA. or HR Head for the purpose.

 

 
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Consultant & Legal Analyst

All depends upon your own goodwill and mutual understanding with the company management. Severence pay cannot be imposed on the company on retirement of any Director or other employee, if there is no case of industrial dispute.

 

 

 

 
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This launch AND SEVERANCE agreement is made and long gone into compelling as dissertation service uk of the nineteenth day of can also 2006, by and between Randall L. frame ("Hull"), from one attitude, and Environmental electricity agency ("EPC") and Microgy, Inc. ("Microgy"), alternatively (EPC and Microgy collectively, and by way of and huge with their preceding, present and destiny guardians, experts, officials, chiefs, representatives, successors, antecedents, and subsidiary organizations, the "organization").

 
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Hello,

I appreciate your response.

What I am trying to understand is how do we calculate the actual worth of the Company and based on that I can then negotiate for my 40 % stake. There would be some thumb rules to calculate the same.

Thanks,

 

 
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Consultant & Legal Analyst

You may better get evaluation through sdoem evaluater about the present goodwill of the company, as well as of yourself independently to help you prefer your claim.

 

 
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Hello Sir,

 

Much appreciated. Can you please share some more information on sdoem evaluator.

Thanks,

 
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Consultant & Legal Analyst

Just Dial or Ad sites may help you find evaluaters.

 

 
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Much appreciated. Thanks.

 
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