If as a result of our review your position is made redundant you will be entitled to notice andpotentially redundancy compensation as set out in your employment agreement.
Any redundancy compensation owing to you will be included in the calculation of the preferential amount of $25,480. Any payment in lieu of noticeowing to you does not fall within your preferential claim and would be an unsecured claim.
These amounts will be frozen and won’t be paid until we have realized sufficient assets to make payment. We will keep you updated as to the timing of any payment.