Common use of Compulsory Redundancy Clause in Contracts

Compulsory Redundancy. An Employee who has been selected for redundancy by the Company and whose employment is terminated is entitled to the following: (i) 4 weeks’ notice or payment in lieu (if the Employee is over 45 years of age and has completed 2 years of continuous service, the notice is increased by 1 week); and (ii) a payment equivalent to 2 weeks’ pay per year of service capped at 10 years’ service. To the extent that a term of this clause is detrimental to an Employee in any respect when compared to the NES, the redundancy pay provisions of the NES (section 119 of the Act) will apply instead of such provisions of this Agreement.

Compulsory Redundancy. An Employee employee who has been selected for redundancy by the Company and whose employment is terminated is entitled to the following: (iI) 4 weeks’ ' notice or payment in lieu (if the Employee employee is over 45 years of age and has completed 2 years of continuous service, the notice is increased by 1 l week); and (iiII) a payment equivalent to 2 weeks’ pay ' per year of service capped at 10 years’ service. To the extent that a term of this clause is detrimental to an Employee employee in any respect when compared to the NES, the redundancy pay provisions of in the NES (section 119 of the Act) will apply instead of such provisions of this in the Agreement.