Common use of Layoff Allowance Clause in Contracts

Layoff Allowance. A laid off employee will receive termination pay based on years of service in accordance with the following schedule: Years of Service Base Pay Severance Amount 2 6 weeks 3 7 weeks 4 8 weeks 6 10 weeks 7 11 weeks 8 12 weeks 9 13 weeks 10 14 weeks 11 15 weeks 12 16 weeks 14 18 weeks 15 19 weeks 16 20 weeks 18 22 weeks 19 23 weeks 20 24 weeks 21 25 weeks 22 or more 26 weeks

Layoff Allowance. A laid off employee will receive termination pay based on years of service in accordance with the following schedule: Years of Service Base Pay Severance Amount 2 6 weeks 3 7 weeks 4 8 weeks 5 9 weeks 6 10 weeks 7 11 weeks 8 12 weeks 9 13 weeks 10 14 weeks 11 15 13 17 weeks 12 16 weeks 14 18 weeks Years of Service Base Pay Severance Amount 15 19 weeks 16 20 weeks 18 22 weeks 19 23 weeks 20 24 weeks 21 25 weeks 22 or more 26 weeks

Layoff Allowance. A laid off employee will receive termination pay based on years of service in accordance with the following schedule: Years of Service Base Pay Severance Amount 2 6 weeks 3 7 weeks 4 8 weeks 6 10 weeks 7 11 weeks 8 12 weeks 9 13 weeks 10 14 weeks 11 15 weeks 12 16 Years of Service Base Pay Severance Amount 13 17 weeks 14 18 weeks 15 19 weeks 16 20 weeks 17 21 weeks 18 22 weeks 19 23 weeks 20 24 weeks 21 25 weeks 22 or more 26 weeks