Layoff Allowance. (a) When a permanent employee having continuous service of five (5) years or more is laid off, the Employer shall pay such an employee a layoff allowance equal to five (5) days' pay for each year of continuous service but not exceeding one hundred and twenty-five (125) days' pay at the employee's regular rate of pay. Such allowance for part-time employees will be pro-rated on the basis of time worked in relation to the hours normally worked by a full- time employee.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Layoff Allowance. (a) When a permanent an employee having continuous service of five one (51) years year or more is laid off, the Employer shall pay such an employee a layoff allowance equal to five (5) days' pay for each full year of continuous service but not exceeding one hundred and twenty-five (125) days' pay at the employee's regular rate of pay. Such allowance for part-time employees will be pro-rated on the basis of time worked in relation to the hours normally worked by a full- full-time employee.
Appears in 1 contract
Samples: Letter of Agreement
Layoff Allowance. (a) When a permanent an employee having continuous service of five (5) years or more is laid off, the Employer shall pay such an employee a layoff allowance equal to five (5) days' pay for each full year of continuous service but not exceeding one hundred and twenty-five (125) days' pay at the employee's regular rate of pay. Such allowance for part-time seasonal employees will be pro-rated on the basis of time worked in relation to the hours normally worked by a full- full-time employee.
Appears in 1 contract
Samples: Public and Private Employees
