Common use of Layoff Allowance Clause in Contracts

Layoff Allowance. 7.12.1 Subject to the conditions specified, employees participating in XXXX who are laid off by the Board shall receive an allowance based on the following formula: After 10 years’ service: 1 months’ salary After 15 years’ service: 2 months' salary After 20 years’ service: 3 months' salary Payment of this allowance is subject to Article 7 - Layoff and Recall and is based on the following conditions:

Appears in 4 contracts

Samples: Collective Agreement, cbe.ab.ca, tua.cbe.ab.ca

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