This document is a deed of release for an employer to provide to an employee whose employment has been terminated for reasons of genuine redundancy. The deed provides a release from legal actions and claims by the employee to the employer in return for compensation including an ex gratia payment, and benefits.
It contains ongoing confidentiality and non disparagement provisions, and refers directly to the ongoing post employment restraints in the employment agreement.
There is a deed of release specific to a termination of employment that is not a redundancy and a termination of employment that may be challenged by the employee (usually at the Fair Work Commission), available separately.
This document has been co-authored for LexisNexis and is authorised by Brooke Pendlebury, Principal, Pendlebury Workplace Law, Sydney and Elise Margow, Principal, Legally Speaking, Melbourne.
This document is prepared with the assistance of Specialist Editor Justine Turnbull, Partner, Seyfarth Shaw Australia.