A Redundancy Settlement Agreement is a crucial legal document used in Malta when terminating employment due to redundancy situations. It serves as a formal record of the terms agreed between employer and employee, protecting both parties' interests while ensuring compliance with Maltese employment law, including the Employment and Industrial Relations Act and Collective Redundancies Regulations. The document is typically used when companies need to reduce their workforce due to economic, technical, or organizational reasons, and wish to achieve a clean break while minimizing the risk of future claims. The agreement covers essential elements such as settlement payments, tax treatment, confidentiality obligations, and waivers of claims, while incorporating specific requirements of Maltese law regarding redundancy procedures and employee protections. This document is particularly important in Malta's business environment, where companies must balance commercial needs with strong employee protections under both local and EU law.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the employer and employee, including full legal names and addresses
2. Background: Context of the redundancy situation and brief employment history
3. Definitions: Key terms used throughout the agreement including 'Termination Date', 'Settlement Sum', etc.
4. Termination of Employment: Confirmation of redundancy and last working day
5. Settlement Payments: Detailed breakdown of all payments including statutory redundancy pay, ex-gratia payments, and payment timing
6. Tax Indemnity: Provisions regarding tax treatment of payments and related indemnities
7. Waiver of Claims: Employee's waiver of employment-related claims under Maltese law
8. Company Property: Requirements for return of company property
9. Confidentiality: Obligations regarding confidentiality of the agreement and company information
10. Reference: Arrangements for providing employment references
11. Full and Final Settlement: Confirmation that the agreement represents full and final settlement
12. Governing Law: Confirmation of Maltese law as governing law
13. Execution: Signature blocks and execution provisions
1. Post-Termination Restrictions: Restatement or modification of any existing restrictive covenants, used when original employment contract contained such restrictions
2. Legal Advice: Confirmation of independent legal advice, used when required for enforceability or risk management
3. Outplacement Support: Details of any career transition services offered, included when such support is part of the package
4. Garden Leave: Provisions for garden leave period if applicable between notice and termination
5. Share Options/Benefits: Treatment of existing share options or long-term benefits, included when employee has such entitlements
6. Continuing Obligations: Any ongoing duties or obligations post-termination, used when required for specific situations
7. Announcement: Agreed internal/external communications about the departure, included for senior employees
8. Re-employment: Any restrictions or provisions regarding future employment with the company or group
1. Schedule 1 - Payment Calculation: Detailed breakdown of all payment components including statutory redundancy calculation
2. Schedule 2 - Claims: Comprehensive list of statutory and contractual claims being settled
3. Schedule 3 - Company Property: Itemized list of company property to be returned
4. Appendix A - Reference Template: Agreed form of reference to be provided
5. Appendix B - Resignation Letter: Template resignation letter if required as part of the process
6. Appendix C - Announcement: Agreed form of any internal or external announcements
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Gaming and iGaming
Technology
Manufacturing
Tourism and Hospitality
Professional Services
Telecommunications
Pharmaceutical
Maritime
Aviation
Retail
Construction
Healthcare
Education
Relevant Teams
Human Resources
Legal
Finance
Operations
Information Technology
Sales
Marketing
Customer Service
Research and Development
Administration
Production
Quality Assurance
Compliance
Risk Management
Relevant Roles
Chief Executive Officer
Managing Director
Department Manager
Senior Manager
Team Leader
Technical Specialist
Software Developer
Account Manager
Financial Analyst
HR Manager
Operations Manager
Sales Representative
Administrative Assistant
Customer Service Representative
Project Manager
Research Analyst
Marketing Executive
Legal Counsel
Production Worker
Quality Control Specialist
Find the exact document you need
Standard Work Contract
A comprehensive employment agreement compliant with Maltese law, establishing the terms and conditions of employment between employer and employee.
Download
Workplace Contract
A Maltese law-governed employment agreement establishing terms and conditions of employment in compliance with Malta's employment legislation.
Download
Vacation Rental Management Contract
A Maltese law-governed agreement between property owners and management companies for professional vacation rental property management services.
Download
Agreement Between Recruitment Agency And Candidate
A Maltese law-governed agreement defining the terms of service between a recruitment agency and job candidate, including placement services and data protection provisions.
Download
Residential Property Management Agreement
A Maltese law-governed agreement establishing terms for professional management of residential property, defining services, responsibilities, and compliance requirements.
Download
Statement Of Work Agreement
A Maltese law-governed agreement defining specific project deliverables, timelines, and acceptance criteria for professional services or project work.
Download
Temporary Work Agreement
A Maltese law-governed agreement establishing terms and conditions for temporary employment relationships, compliant with local employment regulations and EU directives.
Download
Contract Of Employment For Shop Assistant
A Maltese law-compliant employment contract template for shop assistants, covering essential terms and conditions in the retail sector.
Download
Rental Management Contract
A Maltese law-governed agreement establishing terms for professional property management services, including scope, responsibilities, and operational procedures.
Download
Employment Contract For Domestic Helper
A Maltese law-governed employment contract for domestic helpers, outlining terms of employment and compliance with local domestic service regulations.
Download
Trial Period Employment Contract
A Maltese law-governed employment contract establishing terms and conditions for a probationary period of employment, compliant with EIRA regulations.
Download
Global Employment Contract
Maltese law-governed employment agreement for international employment relationships, compliant with local and EU regulations.
Download
Regular Employment Contract
A Maltese law-compliant employment contract establishing standard terms and conditions of employment, in accordance with EIRA requirements.
Download
Enterprise License Agreement
A Maltese law-governed agreement establishing terms for enterprise-wide software or technology licensing, incorporating local and EU regulatory requirements.
Download
Contract For Domestic Workers
A Maltese-law compliant employment contract template for domestic workers, establishing terms and conditions for household employment relationships.
Download
Teacher Employment Agreement
A Maltese law-compliant employment agreement for teaching professionals, establishing terms and conditions for educational institution employment.
Download
Salary Agreement Contract
A legally binding agreement under Maltese law that establishes an employee's compensation terms and conditions, including salary, benefits, and related employment provisions.
Download
Asset Management Contract
A Maltese law-governed agreement establishing terms for professional asset management services, compliant with MFSA and EU regulations.
Download
Property Management Form
A Maltese law-governed agreement establishing terms and conditions for professional property management services, defining responsibilities and obligations between property owners and managers.
Download
Labour Hire Agreement
A Maltese law-governed agreement between a labor hire company and host employer for the provision of temporary workers, ensuring compliance with local employment regulations and EU standards.
Download
Individual Employment Contract
A Maltese law-governed employment contract establishing terms and conditions between employer and employee, compliant with EIRA and EU regulations.
Download
Fixed Term Employment Agreement
A Maltese law-governed fixed-term employment agreement establishing defined-period employment terms and conditions.
Download
Employment Contract For Casual Employee
Maltese law-compliant employment contract template for casual workers, establishing terms for irregular or intermittent employment arrangements.
Download
Contract For Contractual Employees
A Maltese law-compliant employment contract template for fixed-term contractual employees, incorporating essential terms and conditions under EIRA.
Download
Conflict Of Interest Employment Contract
A Maltese law-governed employment contract specifically designed to address and manage potential conflicts of interest in the employment relationship.
Download
Confidentiality Agreement For Employees
Maltese law-compliant employee confidentiality agreement protecting company information while ensuring alignment with local employment laws and EU regulations.
Download
Casual Employment Agreement
A Maltese law-governed agreement establishing terms for casual employment relationship with flexible working arrangements.
Download
Agreement For Construction Work
A Maltese law-governed agreement setting out terms and conditions for construction work between client and contractor, ensuring compliance with local building regulations.
Download
Self Employed Contractor Agreement
A Maltese law-governed agreement establishing terms and conditions between a company and self-employed contractor, ensuring compliance with local regulations and GDPR.
Download
New Hire Contract
Malta-compliant employment contract template establishing terms and conditions of employment under Maltese law.
Download
Work Agreement Between Two Parties
A Maltese law-compliant employment agreement establishing terms and conditions between employer and employee, conforming to EIRA requirements.
Download
Independent Contract Agreement
A Maltese law-governed agreement establishing an independent contractor relationship between a company and service provider, defining services, terms, and obligations.
Download
Agreement Between Employer And Employee
A Maltese law-governed employment agreement establishing terms and conditions between employer and employee, compliant with Malta's EIRA and employment regulations.
Download
Key Agreement For Employees
A Maltese law-governed agreement establishing terms for employee key possession, usage, and associated responsibilities.
Download
Management Employment Contract
A Maltese law-governed employment contract for management positions, outlining terms, conditions, and obligations for senior personnel.
Download
Simple Work Agreement Contract
A Maltese law-governed employment agreement establishing core employment terms and conditions between employer and employee.
Download
Collateral Management Agreement
A Maltese law-governed agreement establishing terms for managing collateral between financial parties, including posting, valuation, and enforcement rights under Malta's regulatory framework.
Download
Self Employed Contract For Services
A Maltese law-governed agreement establishing terms and conditions for independent contractor services, ensuring compliance with local self-employment regulations.
Download
Sales Manager Employment Contract
A Maltese law-governed employment contract for Sales Manager positions, covering duties, compensation, and performance terms under EIRA compliance.
Download
Contract For Self Employed
A Maltese law-governed agreement establishing the terms and conditions between a client and a self-employed contractor, ensuring compliance with local self-employment regulations.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)