Common use of Branch Closure Clause in Contracts

Branch Closure. The Company will notify the National Union Representative of a Branch Closure no less than forty-five (45) days from the date of the intended closure. The Company will meet with the National Union Representative within ten (10) days of the notification to discuss options and alternatives to the Branch Closure. The Company will pay severance equal to two (2) weeks per year of service to employees to a maximum of fifty-two (52) weeks terminated as a result of the closure. Employee records shall be retained by the Company in accordance with appropriate legislation. The Union will be given access to such records where employees have granted permission.