FACTORY CLOSURE Sample Clauses
The Factory Closure clause outlines the procedures and obligations that apply when a manufacturing facility is shut down, either temporarily or permanently. It typically specifies the notice period required before closure, the responsibilities for handling existing orders, and the process for managing inventory and equipment. This clause ensures that both parties are aware of their rights and duties in the event of a factory shutdown, minimizing disruption and clarifying how outstanding commitments will be handled.
FACTORY CLOSURE. 26.01 (a) In the event of the complete and permanent closure of all the Company’s production lines at its factory in Trenton, an employee who does not accept transfer in or to another Nestlé factory in the province of Ontario and is released from employment as a result thereof, shall be entitled to severance pay based on the following: Less than 5 years 1 week’s pay for each completed year of service. 5 years but less than 10 1.25 weeks’ pay for each completed year of service. 10 years but less than 25 years 1.50 weeks’ pay for each completed year of service. 25 years plus 2 weeks’ pay for each completed year of service.
FACTORY CLOSURE. In the event of the complete and permanent closure of all the Company's production lines at its factory in Trenton, an employee who does not accept transfer in or to another Nestle factory in the province of Ontario and is released from employment as a result thereof, shall be entitled to severance pay based on the following: Service Severance Less than years weeks pay for each completed year of service. years but less than O years O years but less than years years plus weeks pay for each completed year of service. weeks pay for each completed year of service. weeks pay for each completed year of service up to a maximum of weeks years of service shall be prorated to the nearest month. Each week of severance pay for full-time employees shall be calculated by multiplying the employee's regular straight time hourly rate at the time of termination by Severance pay for part-time employees shall be based on the average number of hours worked per week based on the previous twelve months prior to ratification or termination. Severance payments shall not be made:
FACTORY CLOSURE. In the event of the and permanent closure of all the Company's production lines at its factory in Trenton, an employee who does not accept transfer in or to another factory in the province of Ontario and is released from employment as a result thereof, shall be entitled to severance pay based on the following: Service O years but less Severance week's pay for each completed year of service. weeks' pay for each completed year of service. weeks' pay for each completed year of service. weeks' pay for each completed year of service. Incomplete years of service shall be prorated to the nearest month. Each week of severance pay for full-time employees shall be calculated by multiplying the employee's regular straight time hourly rate at the time of termination by Severance pay for part-time employees shall be based on the average number of hours worked per week based on the previous twelve months prior to ratification or termination. Severance payments shall not be made:
FACTORY CLOSURE. (a) In the event of the complete and permanent closure of all the Company’s production lines at its factory in Trenton, an employee who does not accept transfer in or to another Nestlé factory in the province of Ontario and is released from employment as a result thereof, shall be entitled to severance pay based on the following: Less than 5 years 1 week’s pay for each completed year of service. 5 years but less than 10 1.25 weeks’ pay for each completed year of service. 10 years but less than 25 years 1.50 weeks’ pay for each completed year of service. 25 years plus 2 weeks’ pay for each completed year of service.
(b) Incomplete years of service shall be prorated to the nearest month.
(c) Each week of severance pay for full-time employees shall be calculated by multiplying the employee’s regular straight time hourly rate at the time of termination by 40. Severance pay for part-time employees shall be based on the average number of hours worked per week based on the previous twelve months prior to ratification or termination.
26.02 Severance payments shall not be made:
(a) To employees who are discharged for just cause;
(b) To employees who voluntarily resign;
(c) To employees who are retired on pension;
(d) In the event of closing due to Acts of God, war, disaster, or any other reason of similar nature and beyond the control of the Company.
26.03 In order to qualify for severance pay, employees shall continue to work in a satisfactory manner as long as required.
26.04 The weeks of severance allowance plus earned vacation will not exceed the number of weeks remaining to the employee’s normal retirement date.
26.05 Severance payable under this section shall be deemed to include any severance pay as may be required under any Ontario legislation.
26.06 Benefit coverage will be continued for six (6) months after the last day worked.