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Voluntary Redundancy Settlement Agreement
"I need a Voluntary Redundancy Settlement Agreement for a senior software developer who has accepted redundancy as part of our tech department restructure, with an enhanced package of £75,000 and a termination date of March 15, 2025."
1. Parties: Identification of employer and employee with full legal names and addresses
2. Background: Context of redundancy situation and voluntary nature of the agreement
3. Definitions: Key terms used throughout the agreement including defined terms, interpretation rules, and relevant dates
4. Termination Date: Specific date employment will end and final working day arrangements
5. Payment Provisions: Details of redundancy payment, payment in lieu of notice, and other financial entitlements
6. Tax Treatment: Tax implications of payments and employer's tax indemnity
7. Waiver of Claims: Employee's waiver of employment-related claims and statutory rights
8. Legal Advice: Confirmation of independent legal advice received and adviser details
1. Post-Termination Restrictions: Continuing obligations after employment ends, including confidentiality and restrictive covenants
2. Company Property: Return of company assets, equipment, and confidential information
3. Reference: Terms of employment reference and agreed format
4. Outplacement Support: Details of career transition services and support provided
5. Garden Leave: Provisions for any garden leave period prior to termination date
1. Schedule 1 - Payment Calculation: Detailed breakdown of all payments including statutory redundancy, ex-gratia payments, and benefits
2. Schedule 2 - Claims Being Settled: Comprehensive list of statutory and contractual claims being waived under the agreement
3. Appendix 1 - Adviser's Certificate: Independent legal adviser's confirmation of advice given and professional insurance
4. Appendix 2 - Agreed Reference: Template of agreed employment reference where applicable
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