Common use of Factors Considered Clause in Contracts

Factors Considered. At any time during the period of layoff such employee may elect to take a separation allowance pursuant to the terms, conditions and limitations of the Company's Separation Allowance Plan and upon making such an election he shall be deemed to lose his Company and departmental seniority and his employment shall be deemed terminated. If no such election is made and the employee is not recalled upon the expiry of the period of twelve (12) months from the layoff date, his Company and departmental seniority shall be deemed to be lost and his employment shall be deemed to be terminated and he shall receive a separation allowance pursuant to the terms, conditions and limitations of the Company's Separation Allowance Plan. Any amounts paid to an employee pursuant to the Company's Separation Allowance Plan shall be deemed to be inclusive of any amounts to which such employee may be entitled for termination pay or severance under the Employment Standards Act (Ontario).