This Voluntary Redundancy Settlement Agreement is designed for use in Ireland when an employee voluntarily accepts redundancy terms offered by their employer. It serves as a legally binding document that protects both parties' interests by clearly defining the termination terms, including financial compensation, benefits, and mutual obligations. The agreement typically becomes relevant during corporate restructuring, downsizing, or when organizations offer voluntary redundancy packages to employees. It must comply with Irish employment law, including the Redundancy Payments Acts 1967-2014 and related legislation. The document incorporates necessary waivers of potential claims, subject to the mandatory requirement for independent legal advice. It's essential for documenting the voluntary nature of the redundancy and ensuring all statutory and contractual obligations are properly addressed.
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1. Parties: Identification of the employer and employee entering into the agreement
2. Background: Context of the voluntary redundancy situation and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Termination Date: Specification of the employment end date and final working day
5. Payment Provisions: Details of redundancy payment, including statutory and ex-gratia payments
6. Tax Treatment: Explanation of tax treatment of various payment elements
7. Employee Warranties: Employee confirmations regarding property return, confidentiality, and other obligations
8. Waiver of Claims: Employee's waiver of statutory and contractual claims against the employer
9. Legal Advice: Confirmation of independent legal advice received by the employee
10. Company Property: Requirements for return of company property and information
11. Confidentiality: Obligations regarding the confidentiality of the agreement and company information
12. Reference: Terms regarding the provision of employment references
13. Entire Agreement: Confirmation that this agreement represents the entire understanding between parties
14. Governing Law: Specification that Irish law governs the agreement
15. Execution: Signature blocks and execution requirements
1. Garden Leave: Used when the employee will be placed on garden leave during notice period
2. Post-termination Restrictions: Used when existing or new post-employment restrictions will apply
3. Outplacement Support: Used when the employer is providing career transition services
4. Share Options/Awards: Used when addressing treatment of existing share schemes or awards
5. Company Benefits Continuation: Used when certain benefits will continue post-employment
6. Internal/External Announcements: Used when specific communication protocols need to be agreed
7. Re-employment Restrictions: Used when placing restrictions on future employment with the company
8. Legal Costs: Used when employer is contributing to employee's legal costs
1. Schedule 1 - Payment Calculations: Detailed breakdown of all payment elements including statutory redundancy calculation
2. Schedule 2 - Outstanding Benefits: List of benefits and their treatment upon termination
3. Schedule 3 - Legal Adviser's Certificate: Certificate from independent legal adviser confirming advice given
4. Schedule 4 - Company Property List: Itemized list of company property to be returned
5. Appendix 1 - Agreed Form of Reference: Template of agreed employment reference
6. Appendix 2 - Resignation Letter: Template resignation letter if required for voluntary redundancy
Relevant legal definitions
Agreement
Company
Confidential Information
Effective Date
Employee
Employment
Group
Parties
Payment in Lieu of Notice
Redundancy Payment
Statutory Redundancy Payment
Enhanced Redundancy Payment
Claims
Company Property
Termination Date
Last Day of Employment
Notice Period
Garden Leave
Board
Business
Competitor
Intellectual Property Rights
Material
Outstanding Benefits
Protected Disclosure
Reference
Relevant Period
Settlement Payment
Statutory Claims
Tax Liability
Waiver
Working Time Records
Independent Legal Adviser
Continuing Obligations
Share Options
Benefits
Restrictive Covenants
Surviving Terms
Relevant Territory
Works Council
Grievances
Company
Confidential Information
Effective Date
Employee
Employment
Group
Parties
Payment in Lieu of Notice
Redundancy Payment
Statutory Redundancy Payment
Enhanced Redundancy Payment
Claims
Company Property
Termination Date
Last Day of Employment
Notice Period
Garden Leave
Board
Business
Competitor
Intellectual Property Rights
Material
Outstanding Benefits
Protected Disclosure
Reference
Relevant Period
Settlement Payment
Statutory Claims
Tax Liability
Waiver
Working Time Records
Independent Legal Adviser
Continuing Obligations
Share Options
Benefits
Restrictive Covenants
Surviving Terms
Relevant Territory
Works Council
Grievances
Clauses
Interpretation
Termination of Employment
Payments
Tax Indemnity
Company Property
Confidentiality
Non-Disparagement
References
Legal Costs
Warranties
Claims and Waivers
Independent Legal Advice
Statutory Rights
Post-Termination Restrictions
Garden Leave
Intellectual Property
Data Protection
Announcements
Share Options
Benefits Continuation
Return of Property
Entire Agreement
Third Party Rights
Variation
Severability
Governing Law
Jurisdiction
Counterparts
No Admission of Liability
Continuing Obligations
Outplacement Support
Re-employment Restrictions
Legal Costs Contribution
Release of Claims
Notice Periods
Communication to Staff
Future Employment
Resignation from Offices
Termination of Employment
Payments
Tax Indemnity
Company Property
Confidentiality
Non-Disparagement
References
Legal Costs
Warranties
Claims and Waivers
Independent Legal Advice
Statutory Rights
Post-Termination Restrictions
Garden Leave
Intellectual Property
Data Protection
Announcements
Share Options
Benefits Continuation
Return of Property
Entire Agreement
Third Party Rights
Variation
Severability
Governing Law
Jurisdiction
Counterparts
No Admission of Liability
Continuing Obligations
Outplacement Support
Re-employment Restrictions
Legal Costs Contribution
Release of Claims
Notice Periods
Communication to Staff
Future Employment
Resignation from Offices
Relevant Industries
Technology
Financial Services
Manufacturing
Retail
Healthcare
Professional Services
Education
Construction
Telecommunications
Pharmaceutical
Energy
Media and Entertainment
Transportation and Logistics
Public Sector
Non-Profit
Relevant Teams
Human Resources
Legal
Finance
Operations
Information Technology
Sales
Marketing
Research and Development
Production
Quality Assurance
Customer Service
Administration
Executive Leadership
Project Management Office
Facilities Management
Relevant Roles
CEO
Managing Director
Department Head
Senior Manager
Middle Manager
Team Leader
Professional Staff
Technical Specialist
Administrative Staff
Operations Manager
Project Manager
Sales Representative
Customer Service Representative
Research and Development Engineer
Finance Manager
HR Business Partner
Marketing Executive
IT Professional
Production Worker
Quality Assurance Specialist
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