Common use of Acceptance of Severance Pay Clause in Contracts

Acceptance of Severance Pay. (a) Vested Entitlements It is understood and agreed that at such time as an Employee accepts severance pay in accordance with this Agreement, and the severance pay is paid in full, the Employee's employment shall be terminated and such Employee shall have no further rights or entitlements under this Agreement, except for the following:

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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Acceptance of Severance Pay. (a) Vested Entitlements – It is understood and agreed that at such time as an Employee accepts severance pay in accordance with this Agreement, and the severance pay is paid in fullaccordance with Article 44.05, the Employee's employment shall be terminated and such Employee shall have no further rights or entitlements under this Agreement, except for the following:

Appears in 1 contract

Samples: Office and Professional Employees

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