Layoff Pay Sample Clauses

Layoff Pay. An employee who has one (1) year of compensated service with the Company in a position covered by this Agreement prior to being laid due to a reduction in force, shall be eligible to .subject to the limitations and conditions set forth but laid off employee shall receive no layoff pay if any one or more of the following conditions exist:

Layoff Pay. If a Hod Carrier is laid off or discharged, he shall be paid at once and in full. If not so paid, he shall receive his full pay at straight time rates including Saturdays, Sundays and holidays, even though not worked until paid, regardless of his subsequent earnings or employment.

Layoff Pay. Upon layoff, once per calendar year eligible laid off employees will receive layoff pay. An eligible employee is any employee currently on the Bargaining Unit seniority list. Eligible laid-off employees with two (2) years or less seniority will receive one (1) week of pay; laid-off employees with between two (2) and three (3) years of seniority will receive two (2) weeks of pay; laid-off employees with three (3) or more years of seniority will receive three (3) weeks of pay. For purposes of this layoff pay, a week of pay for a Tier 1 or Tier 2 employee is defined as 40 hours times the employee's base rate of pay at the time of layoff; and for a Tier 3 employee as the employee’s average number of worked hours over the previous 13 weeks times the employee's base rate of pay at the time of layoff. Upon layoff, eligible employees will determine when and how they want their layoff pay paid out. ▇▇▇▇▇▇ pay does not apply to layoffs caused by Acts of God, Acts of war, fire or natural disasters.

Layoff Pay. (a) An employee who is laid off shall receive layoff pay as provided in paragraph (c) of this Article, subject to the limitations and conditions set forth herein. (b) An employee will not be eligible for or receive layoff pay if any of the following conditions exist: (1) He has not completed at least one (1) year with the Company, on pay status, in a position covered by this Agreement. For the purpose of this paragraph (b)(1), "Pay Status" includes all time spent in a position covered by the particular agreement, exclusive of leaves of absence or furlough. (2) He remains in the employ of the Company in any position. (3) He fails to exercise his seniority which would enable him to remain in the employ of the Company, except where such exercise of seniority would require moving to a new point. (4) He has been laid off as a result of an Act of God, a war emergency, revocation of the Company's operating certificate or certificates, or grounding of a substantial number of Company aircraft for safety reasons. (5) He is dismissed for cause, resigns, or retires. (6) There is a temporary cessation of work because of a strike or picketing. (7) There is a temporary cessation of work because of circumstances beyond the Company's control. (1) The amount of layoff pay due under this Article shall be based on the length of actual straight time compensated service with the Company under this Agreement, and shall be computed on the basis of the employee's regular straight time basic hourly rate at time of layoff. An employee shall accrue layoff pay credit at the rate of two (2) weeks of credit for the first through the second full year of compensated service; thereafter, accrual shall be at the rate of one (1) week credit for each additional full year of service, to a maximum accrual of twelve (12) weeks of credit for twelve (12) or more full years of compensated service. For the purpose of this paragraph (c), the amount of layoff pay will be computed upon the basis of the total number of straight time hours of compensated service, but not to exceed 24,960 hours. Each 2,080 hours remaining after computing and paying the number of full weeks of layoff pay due shall be left standing to the employee's credit pending recall. The remaining hours shall be added to the straight time hours of compensated service earned after recall and used to compute weeks of layoff pay in the event of future furlough, but the total of these hours shall not exceed 24,960. 109

Layoff Pay. Employees will receive one (1) week’s pay for each year of service (maximum of five (5) weeks) as a result of being laid off because of downsizing or closing the facility.