Common use of Branch Closure Clause in Contracts

Branch Closure. (a) In the event that the Company decides to close, restructure, or relocate any of the existing branches or divisions and work is no longer available the affected employee(s) shall be offered the first available job opportunity in his classification, in accordance with Article 26. 01. Should the affected employee(s) turn down this job opportunity and the relocation travel distance is less than three hundred kilometers (300 km) the employee shall be offered severance on the basis of 27.01. (b) If suitable employment can not be found within thirteen (13) weeks as in (a), the employee shall receive severance pay in the amount of one (1) week per year of service to a maximum of thirty (30) weeks pay, or the employee shall have the option of maintaining recall with the Company for a period of twelve (12) months, during this period he may terminate employment by requesting payout of this severance pay.

Branch Closure. (a) In the event that the Company decides to close, restructure, or relocate any of the existing branches or divisions and work is no longer available the affected employee(s) shall be offered the first available job opportunity in his his/her classification, in accordance with Article 26. 01. Should the affected employee(s) turn down this job opportunity and the relocation travel distance is less than three hundred kilometers (300 km) the employee shall be offered severance on the basis of 27.01. (b) If suitable employment can cannot be found within thirteen (13) weeks as in (a), the employee shall receive severance pay in the amount of one three (13) week weeks per completed year of service to a maximum of thirty one hundred and four (30104) weeks pay, . or Alternatively the employee shall have the option of maintaining recall with the Company for a period of twelve (12) months, during this period he may terminate employment by requesting payout of this severance pay.and the provisions of