If an employer decides to bring forward the end date of an executive contract, reducing the contract term, and the executive receives a payout within the terms of the contract (typically 4 months’ pay), how long is it before they can return to VPS employment?
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- There is no time limit on when they can return to VPS employment, as there is no redundancy.
- They would be eligible for 9 months’ JSE access after they leave their employment.