Oireachtas Joint and Select Committees

Thursday, 12 May 2022

Public Accounts Committee

2020 Report of the Comptroller and Auditor General and Appropriation Accounts
University of Limerick Financial Report 2020

9:30 am

Mr. Seamus McCarthy:

The legal advice we received is that the agreement is in writing; that there is valuable consideration; that a sum of money is paid to the employee as consideration for waiving their rights; that the rights being waived are listed individually; that the employee is at a minimum strongly encouraged to take independent legal advice; and that the agreement specifies the working arrangements for the remainder of their relationship. It would typically also be included that the agreement is unequivocal in full and final settlement of all claims, with either a stipulation in relation to confidentiality or a reminder that existing obligations continue. The return of the employer’s property, as well as a confidentiality clause in relation to the settlement agreement itself, are typical.