A friend of mine has been told his position is being made redundant, and he will be getting some kind of payout.

My understanding is that he is now free to try to find other work, and if he finds a suitable new job he can leave before his end date and still get his redundancy payout.

He seems to think that if he finishes before the end date that they have given to him then he will lose his payout.

Can anyone with knowledge and experience with this help out with how it works?