A Redundancy Settlement Agreement is a crucial document used in Irish employment law when terminating employment through redundancy. It serves as a legally binding contract that protects both employer and employee interests by clearly documenting the terms of separation, including financial compensation, benefits, and mutual obligations. The agreement is particularly important in situations where enhanced redundancy packages are being offered above statutory requirements, or where there's a need to ensure a clean break and prevent future disputes. It must comply with various Irish employment laws, including the Redundancy Payments Acts 1967-2014 and the Unfair Dismissals Acts 1977-2015. The document typically includes provisions for payments, tax treatment, confidentiality, and waiver of claims, and requires the employee to receive independent legal advice to ensure its validity.
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1. Parties: Identifies and defines the employer and employee who are parties to the agreement
2. Background: Sets out the context of the redundancy situation and confirms the employee's employment details
3. Definitions: Defines key terms used throughout the agreement
4. Termination Date: Specifies the official end date of employment and final working day if different
5. Reason for Termination: Confirms that termination is by reason of redundancy
6. Payment Terms: Details the statutory redundancy payment and any enhanced/ex-gratia payments
7. Tax Treatment: Explains the tax treatment of various payments and indemnities
8. Company Property: Requirements for return of company property and information
9. Confidentiality: Obligations regarding confidentiality of the agreement and company information
10. Employee Warranties: Employee confirmations regarding claims and future conduct
11. Waiver of Claims: Comprehensive waiver of potential claims against the employer
12. Legal Advice: Confirmation that independent legal advice has been received
13. Governing Law: Confirms Irish law as governing law of the agreement
14. Entire Agreement: Confirms this document represents the entire agreement between parties
1. Garden Leave: Used when the employee will be placed on garden leave during notice period
2. Post-Termination Restrictions: Include if enforcing or varying existing post-employment restrictions
3. Reference: Include if agreed form of reference is to be provided
4. Outplacement Support: Include if outplacement services are being offered
5. Share Options/Awards: Include if employee has share options or awards that need addressing
6. Company Benefits Continuation: Include if any benefits will continue post-termination
7. Resignation from Offices: Include if employee holds director or other official positions
8. Announcement: Include if parties agree to specific internal/external communications
9. Future Cooperation: Include if employee's assistance may be needed post-termination
10. Medical Insurance Bridge: Include if providing continued medical insurance coverage
1. Schedule 1 - Payment Calculations: Detailed breakdown of all payments including statutory redundancy, ex-gratia, and other payments
2. Schedule 2 - Claims Being Settled: Comprehensive list of statutory and common law claims being waived
3. Schedule 3 - Continuing Obligations: List of obligations from employment contract that continue post-termination
4. Appendix 1 - Adviser's Certificate: Certificate from independent legal adviser confirming advice given
5. Appendix 2 - Agreed Form Reference: If applicable, the agreed form of reference to be provided
6. Appendix 3 - Resignation Letter: If applicable, template resignation letter from directorships/offices
Relevant legal definitions
Agreement
Board
Business
Claim
Company
Confidential Information
Contract of Employment
Effective Date
Employee
Employment
Group
Group Company
Independent Adviser
Intellectual Property Rights
Notice Period
Parent Company
Parties
Payment Date
Personal Data
Redundancy Payment
Relevant Period
Settlement Payment
Statutory Claims
Statutory Redundancy Payment
Subsidiary
Tax
Termination Date
Termination Payment
Trade Secrets
Waiver
Board
Business
Claim
Company
Confidential Information
Contract of Employment
Effective Date
Employee
Employment
Group
Group Company
Independent Adviser
Intellectual Property Rights
Notice Period
Parent Company
Parties
Payment Date
Personal Data
Redundancy Payment
Relevant Period
Settlement Payment
Statutory Claims
Statutory Redundancy Payment
Subsidiary
Tax
Termination Date
Termination Payment
Trade Secrets
Waiver
Clauses
Definitions
Interpretation
Termination of Employment
Payment Terms
Taxation
Company Property
Confidentiality
Non-Disparagement
Post-Termination Restrictions
Warranties and Representations
Legal Advice
Waiver of Claims
Full and Final Settlement
Reference
Announcement
Garden Leave
Return of Property
Cooperation
Data Protection
Intellectual Property
Continuing Obligations
Third Party Rights
Variation
Severability
Governing Law and Jurisdiction
Entire Agreement
Without Prejudice
Independent Legal Advice
Interpretation
Termination of Employment
Payment Terms
Taxation
Company Property
Confidentiality
Non-Disparagement
Post-Termination Restrictions
Warranties and Representations
Legal Advice
Waiver of Claims
Full and Final Settlement
Reference
Announcement
Garden Leave
Return of Property
Cooperation
Data Protection
Intellectual Property
Continuing Obligations
Third Party Rights
Variation
Severability
Governing Law and Jurisdiction
Entire Agreement
Without Prejudice
Independent Legal Advice
Relevant Industries
Technology
Financial Services
Manufacturing
Retail
Healthcare
Professional Services
Construction
Education
Telecommunications
Media
Pharmaceutical
Energy
Transportation
Hospitality
Real Estate
Relevant Teams
Human Resources
Legal
Finance
Operations
Executive Leadership
Payroll
Compliance
Employee Relations
Risk Management
Communications
Relevant Roles
Chief Executive Officer
Managing Director
Department Head
Senior Manager
Manager
Team Leader
Professional Staff
Technical Specialist
Administrative Staff
Sales Representative
Operations Manager
Project Manager
Research Scientist
Software Developer
Financial Analyst
Human Resources Officer
Marketing Executive
Customer Service Representative
Production Worker
Executive Assistant
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