Voluntary Redundancy Agreement
This Voluntary Redundancy Agreement sets out the terms which apply to the
termination of an employee's employment following the acceptance of his or
her application for voluntary redundancy. It should be used in conjunction
with the Letter Setting Out Terms of a Voluntary Redundancy Agreement.
This agreement cannot be used to prevent an employee from taking claims,
e.g. for unfair dismissal or unlawful discrimination, to an employment
tribunal. If the employer wishes to protect itself against such claims, it
must make arrangements for a separate settlement agreement. Our Settlement
Agreements can be found
Where an individual volunteers, and is accepted by the employer for
redundancy, he or she is in the same legal position as employees selected
compulsorily. This means that the employee is entitled to receive a
statutory redundancy payment, subject to his or her having had a minimum of
two years' continuous service.
This Voluntary Redundancy Agreement contains the following terms:
1. Date of Termination
2. Notice Period
3. Final Payment
5. Holiday Entitlement
6. Return of Company Property
7. [Statutory Redundancy Pay]
8. Ex-Gratia Redundancy Payment
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