Common use of Redundancy Pay Clause in Contracts

Redundancy Pay. ‌ a) An employee is entitled to redundancy pay if the employee’s employment is terminated: (i) by the Company because the company has made a definite decision that it no longer wishes the job the Employee has been doing to be done by anyone and this is not due to the ordinary and customary turnover of labour, and this may lead to termination of employment; or (ii) because of the insolvency or bankruptcy of the Company. (iii) An employee is not entitled to redundancy pay where an alternate position is accepted by an Employee within the Company or an associated entity, nor when the Employee is dismissed for unsatisfactory performance. b) Where an Employee is under 45 years of age: Less than 1 year Nil 1 year and less than 2 years 4 weeks 2 years and less than 3 years 7 weeks 3 years and less than 4 years 10 weeks 4 years and less than 5 years 12 weeks 5 years and less than 6 years 14 weeks 6 years and over 16 weeks c) Where an Employee is over 45 years of age: Less than 1 year Nil 1 year and less than 2 years 5 weeks 2 years and less than 3 years 8.75 weeks 3 years and less than 4 years 12.5 weeks 4 years and less than 5 years 15 weeks 5 years and less than 6 years 17.5 weeks 6 years and over 20 weeks d) Weeks’ pay means the ordinary time gross all-purpose rate of pay for the Employee concerned at the date of termination.

Redundancy Pay. ‌ a) An employee is entitled to redundancy pay if the employee’s employment is terminated: (i) by the Company because the company has made a definite decision that it no longer wishes the job the Employee has been doing to be done by anyone and this is not due to the ordinary and customary turnover of labour, and this may lead to termination of employment; or (ii) because of the insolvency or bankruptcy of the Company. (iii) An employee is not entitled to redundancy pay where an alternate position is accepted by an Employee within the Company or an associated entity, nor when the Employee is dismissed for unsatisfactory performance. b) Where an Employee is under 45 years of age: Less than 1 year Nil 1 year and less than 2 years 4 weeks 2 years and less than 3 years 7 weeks 3 years and less than 4 years 10 weeks 4 years and less than 5 years 12 weeks 5 years and less than 6 years 14 weeks 6 years and over 16 weeks c) Where an Employee is over 45 years of age: Less than 1 year Nil 1 year and less than 2 years 5 weeks 2 years and less than 3 years 8.75 weeks 3 years and less than 4 years 12.5 weeks 4 years and less than 5 years 15 weeks 5 years and less than 6 years 17.5 weeks 6 years and over 20 weeks d) Weeks’ pay means the ordinary time gross all-purpose rate of pay for the Employee concerned at the date of termination.

Redundancy Pay. ‌ a) An employee is entitled to redundancy pay if the employee’s employment is terminated: (i) by the Company because the company has made a definite decision that it no longer wishes the job the Employee has been doing to be done by anyone and this is not due to the ordinary and customary turnover of labour, and this may lead to termination of employment; or (ii) because of the insolvency or bankruptcy of the Company. (iii) An employee is not entitled to redundancy pay where an alternate position is accepted by an Employee within the Company or an associated entity, nor when the Employee is dismissed for unsatisfactory performance. b) Where an Employee is under 45 years of age: Less than 1 year Nil 1 year and less than 2 years 4 weeks 2 years and less than 3 years 7 weeks 3 years and less than 4 years 10 weeks 4 years and less than 5 years 12 weeks 5 years and less than 6 years 14 weeks 6 years and over 16 weeks c) Where an Employee is over 45 years of age: Less than 1 year Nil 1 year and less than 2 years 5 weeks 2 years and less than 3 years 8.75 weeks 3 years and less than 4 years 12.5 weeks 4 years and less than 5 years 15 weeks 5 years and less than 6 years 17.5 weeks 6 years and over 20 weekspay date d) WeeksXxxxx’ pay means the ordinary time gross all-all- purpose rate of pay for the Employee concerned at the date of termination.