PILON Immediately Effective To Terminate Contract

Société Générale, London Branch v Geys [2011] EWCA Civ 307 The Court of Appeal determined, in accordance with the general principles of the law of contract, that the employee's contract had terminated immediately when the PILON payment was made. The PILON clause expressly provided that all that was required to effect termination was the making of the payment and that, once made, the payment terminated the contract with immediate effect. There was no need for the employer to notify the employee that...