Common use of Eligibility for Severance Clause in Contracts

Eligibility for Severance. ‌ A regular employee leaving the employ of the home shall be entitled to receive severance allowance as calculated in Articles 54.02 and 54.03, providing that the employee falls into one of the following categories: A) employees with ten (10) years of service who of their own volition leave the home work force after their fifty-fifth (55th) birthday B) employees with ten (10) years of service, whose services are no longer required by the Employer (closure of Employer’s operations, job redundancy, etc.) except employees dismissed for cause C) employees with ten (10) years of service who are required to retire from the workforce because of a medical disability, which shall be mutually agreed between the Parties D) employees with ten (10) years of service who die in service

Eligibility for Severance. ‌ A regular employee leaving the employ of the home facility shall be entitled to receive severance allowance as calculated in Articles 54.02 and 54.03, providing that the employee falls into one of the following categories: A) employees with ten (10) years of service who of their own volition leave the home facility work force after their fifty-fifth (55th) birthday B) employees with ten (10) years of service, whose services are no longer required by the Employer (closure of Employer’s operations, job redundancy, etc.) except employees dismissed for cause C) employees with ten (10) years of service who are required to retire from the workforce because of a medical disability, which shall be mutually agreed between the Parties D) employees with ten (10) years of service who die in service

Eligibility for Severance. ‌ A regular employee leaving the employ of the home shall be entitled to receive severance allowance as calculated in Articles 54.02 and 54.03, providing that the employee falls into one of the following categories: A) employees with ten (10) years of service who of their own volition leave the home work force after their fifty-fifth (55th) birthday B) employees with ten (10) years of service, whose services are no longer required by the Employer (closure of Employer’s operations, job redundancy, etc.) except employees dismissed for cause C) employees with ten (10) years of service who are required to retire from the workforce because of a medical disability, which shall be mutually agreed between the Parties D) employees with ten (10) years of service who die in service