Common use of Redundancy Payment Clause in Contracts

Redundancy Payment. In the event that an employee is made redundant they are entitled to redundancy payments as per the following provisions. Payment will be based on the following: • One months notice of redundancy or payment in lieu of notice; and • 10 percent of total ordinary pay for the preceding 12 months; and

Redundancy Payment. In the event that an employee is made redundant they are entitled to redundancy payments as per the following provisions. Payment will be based on the following: • One months month's notice of redundancy or payment in lieu of notice; and • 10 percent of total ordinary pay for the preceding 12 months; and