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Redundancy Agreement
"I need a standard Redundancy Agreement under New Zealand law for a senior software developer whose position is being eliminated due to technological changes, with the redundancy to take effect from March 15, 2025."
1. Parties: Identifies the employer and employee who are parties to the agreement
2. Background: Outlines the context of the redundancy situation and confirms the consultation process that has occurred
3. Definitions: Defines key terms used throughout the agreement
4. Confirmation of Redundancy: Formally confirms the position is redundant and states the effective termination date
5. Final Pay and Entitlements: Details the calculation and payment of final salary, holiday pay, and other statutory entitlements
6. Redundancy Compensation: Specifies the redundancy payment amount and calculation method
7. Payment Timing: States when and how all payments will be made
8. Return of Company Property: Lists company property to be returned and the process for return
9. Confidentiality: Confirms ongoing confidentiality obligations post-employment
10. Tax Treatment: Explains the tax treatment of various payment components
11. Full and Final Settlement: Confirms the agreement represents full and final settlement of all claims
12. Execution: Signature block and date of agreement
1. Outplacement Support: Details any career transition or outplacement support being provided
2. Reference Provision: Includes when the employer agrees to provide a reference
3. Post-Employment Restrictions: Used when existing restraint of trade or non-compete clauses remain in effect
4. Garden Leave: Included when the employee will be paid but not required to work during notice period
5. Transfer of Long Service Benefits: Used when there's an agreement to transfer or recognize service with a new employer
6. Employee Assistance Program: Details any continued access to EAP services post-employment
7. Redeployment Provisions: Included when there's potential for redeployment within related companies
1. Schedule 1 - Payment Calculations: Detailed breakdown of all payment components including base salary, holiday pay, and redundancy compensation
2. Schedule 2 - Company Property Register: Itemized list of company property to be returned
3. Schedule 3 - Outplacement Services: Details of outplacement support package and service provider
4. Appendix A - Statutory Declaration: Employee declaration confirming return of company property and compliance with obligations
5. Appendix B - Reference Letter: Standard form reference letter if agreed to be provided
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Corporate Services
Risk and Compliance
Employee Relations
Executive Leadership
People and Culture
Chief Executive Officer
Human Resources Director
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Finance Director
Operations Manager
Department Head
Line Manager
HR Business Partner
Employment Relations Specialist
Payroll Manager
Recruitment Manager
Corporate Services Manager
Risk and Compliance Manager
Employee Relations Manager
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