FULL PLANT CLOSURE Sample Clauses

FULL PLANT CLOSURE. In the event a full plant closure occurs during the life of this Agreement:
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FULL PLANT CLOSURE. In the event that a full plant closure occurs during the life of this Agreement, the Company will notify the Local and National Union at least sixty (60) days prior to the cessation of operations. Following such notification, the Local and National Union will have the right to discuss and explore with the Company any possible means of averting the closure. If attempts to avert the plant closure are not successful, the Company will pay severance to seniority employees totalling two (2) weeks of base wages per Nemak year of service up to a maximum of eight (8) weeks severance. It is understood that all employees and Union Committeepersons will make every effort to maintain the efficiency of operations during any period of notification.

Related to FULL PLANT CLOSURE

  • PLANT CLOSURE 29.01 In the event the Company closes the plant at the Cambridge location as a result of the loss of business or a discontinuation of all operations, severance pay will be calculated at one (1) week’s regular pay per year of service. The severance payment, so calculated, is inclusive of any severance payment required by the Ontario Employment Standards Act (Revised 2000). This agreement is not applicable to a sale of the business or if the closure is occasioned by a labour dispute.

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  • Training Units “Training Units” are Red Hat's training credits that may be redeemed by you for any Training as set forth at xxxxx://xxx.xxxxxx.xxx/training/specials/multi_student_discount/ and xxxxx://xxx.xxxxxx.xxx/training/corporate/TUs/.

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