Layoff Allowance. Employees who have been with the Company for six (6) months or more shall receive a layoff allowance according to the following table: If an employee is recalled from layoff in a shorter time period than that paid in this allowance, the Company shall recover the difference if the employee accepts the Company's recall from layoff. The Company shall pay COBRA premiums for six (6) months for each employee laid off who elects COBRA coverage. Each such employee will be notified of his/her COBRA rights and must elect COBRA coverage before such COBRA payments will be made.
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Sources: Labor Contract, Labor Contract, Labor Contract