Redundancy Programme definition
Redundancy Programme means the programme pursuant to which the Sellers shall procure that the Company terminates the contracts of employment of all of its employees and makes such redundancy payments and other payments consequent thereon as shall be required (including payments in respect of accrued holiday entitlements);
Examples of Redundancy Programme in a sentence
If the application of a provision of the Redundancy Programme in an individual case leads to an unacceptable situation, the employer, if necessary in consultation with the party concerned, can deviate from this provision to benefit the employee.