Jurisdiction(s):
United Kingdom

Key definition

Long-term definition

What does Long-term mean? Long-term describes obligations, assets or investments extending beyond the short‑term horizon; the precise threshold depends on context and governing standards used in legal practice and finance. In the Eurobond market, it commonly refers to securities with an initial maturity of more than seven years. Under accounting standards (IFRS and UK/Irish GAAP), amounts due or receivable after more than twelve months are presented as non‑current; accordingly, long‑term debt denotes borrowings with a remaining maturity of over one year. This classification affects balance sheet presentation, disclosure and covenant calculations. In loan, security and capital markets documentation across England & Wales, Scotland, Northern...

Precedent letter: dismissal on notice for long‑term sickness absence (ill‑health capability), covering alternatives and adjustments considered, notice/PILON, benefits, return of company property, and appeal rights

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Precedents

[ To be typed on employer’s headed notepaper ] [ Date ]

Dear [ insert name of Employee ],

Re: [ insert name of employer ] (the Company)

Further to our latest meeting with you on [ insert date ] [ , at which you were accompanied by [ insert name ] ] , I am writing to [ inform you of OR confirm ] the Company’s decision concerning your employment.

It is with regret that I must advise you that the Company has decided to terminate your employment on the grounds of your ill-health.

This outcome has been reached in light of [ the medical evidence OR the report of Dr [ insert name ] dated [ insert date ] ] , the conversations we have had with you and the requirements of the business.

In our letter dated [ insert date of final written warning ], we issued a final written warning in line with the Company’s [ Performance and capability procedure ]...

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Web page updated on 22/05/2026

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