Deed of Release (Redundancy)
A Deed of Release (Redundancy) can be used when you have terminated an employee due to redundancy.
4.5 (23 reviews)
Under 5 minutes
Suitable for Australia
Document Overview
This precedent 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.
Use this Deed of Release (Redundancy) if:
- You would like to finalise all outstanding issues between you and the terminated employee.
What does the Deed of Release (Redundancy) cover?
- Payments;
- Releases;
- Confidentiality; and
- A warranty by the terminated employee.
Other names for Deed of Release (Redundancy) include:
- Deed of Termination.
Other documents you may need:
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