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The Compromise Agreement Redundancy is a crucial document used in Irish employment law when an organization needs to formalize a redundancy arrangement with an employee. It serves as a comprehensive settlement agreement that combines statutory redundancy requirements with any additional negotiated terms. This document is typically used when employers wish to ensure legal certainty and prevent future claims by providing enhanced redundancy packages beyond statutory minimums. The agreement must comply with Irish employment legislation, including the Redundancy Payments Acts and Unfair Dismissals Acts, and requires the employee to receive independent legal advice before signing. It covers essential elements such as payment terms, tax treatment, confidentiality provisions, and release of claims, while also addressing practical aspects of the employment termination such as the return of company property and post-employment restrictions.

1. Parties: Identifies and defines the employer and employee parties to the agreement

2. Background: Sets out the context of the employment relationship and the circumstances leading to redundancy

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. Payment Provisions: Details of statutory redundancy payment, ex-gratia payment, and other financial entitlements

6. Tax Treatment: Explains the tax treatment of various payments and indemnities relating to tax

7. Company Property: Requirements for return of company property and intellectual property rights

8. Confidentiality: Obligations regarding confidential information and terms of the agreement

9. Post-Termination Restrictions: Confirmation of any continuing restrictions from the employment contract

10. Waiver of Claims: Employee's waiver of potential claims against the employer, with statutory exceptions

11. Legal Advice: Confirmation that independent legal advice has been received

12. Employee Warranties: Employee confirmations regarding claims, other employment, and breaches

13. General Provisions: Standard boilerplate clauses including entire agreement, jurisdiction, and governing law

14. Execution: Signature blocks and execution requirements