PILONS and Penalties

Monica Carss-Frisk QC and Nicholas De Marco examine the two central issues that arise in relation to termination clauses in contracts of employment: PILON clauses, in the light of Cerberus v Rowley and whether a termination clause providing for the payment of a lump sum may be a penalty clause.

• Monica Carss-Frisk QC and Nicholas de Marco examine the two central issues that arise in relation to termination clauses in contracts of employment: PILON clauses, in the light of Cerberus v Rowley and whether a termination clause providing for the paymen