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NSW Business Merger - Are the old contract termination clauses enforcable

Discussion in 'Employment Law Forum' started by YummyTimTam, 12 September 2017.

  1. YummyTimTam

    YummyTimTam Member

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    Hello,

    The Company I work for has recently acquired a competitor, and as a result both companies decided to merge with into a new business entity.
    As a result of that, the old legal entities will be merged in a month time and we have been informed that we will be given new employment contracts for the new resulting company.
    As far as I understand it, that means that my old contract will be terminated once the new one comes in play.

    So far, my contract contained a pay off clause if I should be made redundant.

    My question is:
    If I decide not to sign the new contract, does that mean I will be made redundant and that the company is still required to pay the pay off for redundancy as per condition of my old contract?
     
  2. Rod

    Rod Well-Known Member

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    Most likely yes, but get legal advice before taking action.
     
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