IPI wording

chrisobo

Hi all,

Can anyone help me with this? I'm reading the small print on a Income protection policy before taking it out. I'm unsure of what the following paragraph means:

"Payment in Lieu of Notice - means either of the following:
-Any payment You receive relating to the notice period Your employer gives You under the terms of Your contract of Employment or letter of appointment; or
-Any compensation payment made for loss of office, including, but not limited to any payments made as compensation under a compromise agreement or redundancy package, whether this directly or indirectly relates to the notice period Your employer should have given You under the terms of Your contract of Employment or letter of appointment, or not; "

Hope you can help.