Common use of Layoff Allowance Clause in Contracts

Layoff Allowance. Section 1. SCHEDULE Layoff allowance for an employee terminated from the pay- roll on account of reduction in force or because of occupa- tional or non-occupational disability shall be in accordance with the following schedule: Company Service Credit Allowance Less than 12 weeks No allowance At least 12 weeks - But less than 1 year Same proportion of 1 weekʼs pay as completed months of service are of 12 months At least 1 years – But less than 3 years 1 week (or 40 hours) At least 3 years – But less than 5 years 2 weeks (or 80 hours) At least 5 years – But less than 7 years 3 weeks (or 120 hours) At least 7 years – But less than 10 years 4 weeks (or 160 hours) At least 10 years –But less than 11 years 6 weeks (or 240 hours) At least 11 years or more Same as for 10 years plus 1 week (or 40 hours) for each added year of service

Layoff Allowance. Section 1. SCHEDULE Layoff allowance for an employee terminated from the pay- roll payroll on account of reduction in force or because of occupa- tional occupational or non-occupational disability shall be in accordance with the following schedule: Company Service Credit Allowance Less than Under 12 weeks No allowance At least 12 weeks - But less than — 1 year Same proportion of 1 weekʼs week’s pay as completed months of service are of 12 months At least 1 years – But less than year — 3 years 1 week (or 40 hours) At least 3 years – But less than — 5 years 2 weeks (or 80 hours) At least 5 years – But less than — 7 years 3 weeks (or 120 hours) At least 7 years – But less than — 10 years 4 weeks (or 160 hours) At least 10 years –But less than 11 years 6 weeks (or 240 hours) At least 11 years or more Same as for 10 years plus 1 week (or 40 hours) for each added year of service

Layoff Allowance. Section 1. SCHEDULE Layoff allowance for an employee terminated from the pay- roll payroll on account of reduction in force or because of occupa- tional occupational or non-occupational nonoccupational disability shall be in accordance with the following schedule: Company Service Credit Allowance Less than -------------- --------- Under 12 weeks No allowance At least 12 weeks - But less than 1 year Same proportion of 1 weekʼs week's pay as completed months of service are of 12 months At least 1 years – But less than year - 3 years 1 week (or 40 hours) At least 3 years – But less than - 5 years 2 weeks (or 80 hours) At least 5 years – But less than - 7 years 3 weeks (or 120 hours) At least 7 years – But less than - 10 years 4 weeks (or 160 hours) At least 10 years –But less than 11 years 6 weeks (or 240 hours) At least 11 years or more Same as for 10 years plus 1 week (or 40 hours) for each added year of service

Layoff Allowance. Section 1. SCHEDULE Layoff allowance for an employee terminated from the pay- roll payroll on account of reduction in force or because of occupa- tional occupational or non-occupational disability shall be in accordance with the following schedule: Company Service Credit Allowance Less than Under 12 weeks No allowance At least 12 weeks - But less than 1 year Same proportion of 1 weekʼs week's pay as completed months of service are of 12 months At least 1 years – But less than year - 3 years 1 week (or 40 hours) At least 3 years – But less than - 5 years 2 weeks (or 80 hours) At least 5 years – But less than - 7 years 3 weeks (or 120 hours) At least 7 years – But less than - 10 years 4 weeks (or 160 hours) At least 10 years –But less than 11 years 6 weeks (or 240 hours) At least 11 years or more Same as for 10 years plus 1 week (or 40 hours) for each added year of service