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Payment of lump sum to former employees of company.
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2.—Subject to the subsequent provisions of this Act, the Minister shall, on application to the Minister by or on behalf of a former employee or, if the former employee has died whether before or after the passing of this Act, by his or her personal representative, pay to the former employee or the personal representative, as the case may be, out of moneys provided by the Oireachtas, one sum of £20,000 (in this Act referred to as a “lump sum”).
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