The agreement should also specify that if your former employer is asked to speak orally about you or fill out a box form about you, the information they provide to you is no less favourable than the agreed wording. There are two different types of redundancy processes in the UK, which ultimately include terminating a worker`s contract. However, different processes are implemented and the results for severance pay may be different. Settlement agreements are contracts that prevent workers from asserting rights against their employers. For them, many familiar names and terms are used: ACAS agreements are usually much simpler and less comprehensive than transaction agreements. There are restrictions for the types of claims that can be settled by an ACAS agreement.