(1)Section 54 does not apply to dismissal from employment under a contract for a fixed term of [F1one year] or more, where the dismissal consists only of the expiry of that term without its being renewed, if before the term so expires the employee has agreed in writing to exclude any claim in respect of rights under that section in relation to that contract.
(2)An employee employed under a contract of employment for a fixed term of two years or more entered into after 5th December 1965 shall not be entitled to a redundancy payment in respect of the expiry of that term without its being renewed (whether by the employer or by an associated employer of his), if before the term so expires he has agreed in writing to exclude any right to a redundancy payment in that event.
(3)Such an agreement as is mentioned in subsection (1) or (2) may be contained either in the contract itself or in a separate agreement.
(4)Where an agreement under subsection (2) is made during the currency of a fixed term, and that term is renewed, the agreement under that subsection shall not be construed as applying to the term as renewed, but without prejudice to the making of a further agreement under that subsection in relation to the term so renewed.
Textual Amendments
F1Words substituted with saving by Employment Act 1980 (c. 42, SIF 43:5), s. 8(2) and S.I. 1980/1170, art. 4, Sch. 3
Modifications etc. (not altering text)
C1S. 142 restricted (E.W.) (26.8.1994) by 1994 c. 20, s. 4, Sch. 4 para. 7(4); S.I. 1994/1841, art. 2
S. 142 restricted (E.W.) (3.1.1995) by 1994 c. 40, ss. 20, 82(2), Sch. 8 para. 7(4)