NOTICE OR PAYMENT IN LIEU OF NOTICE Sample Clauses

NOTICE OR PAYMENT IN LIEU OF NOTICE. The Company shall give the following notice to an eligible employee whose employment is to be terminated by reason of redundancy in accordance with clause 4.8.2 of this Agreement: Period of Continuous Service Period of Notice 1 year or less 1 week 1 year and up to the completion of 3 years 2 weeks 3 years and up to the completion of 5 years 3 weeks 5 years and over 4 weeks In addition to the notice above, an employee over 45 years of age at the time of giving of notice and with not less than two years continuous service, shall be entitled to an additional one week’s notice. Payment in lieu of notice shall be made if the employee is not required to work out the notice. Provided that employment may be terminated by part of the period of notice specified and part payment in lieu thereof. Bundaberg Sugar Ltd will pay an eligible employee whose employment is terminated by reason of redundancy 2.5 weeks severance pay per full year of continuous service, to a maximum of 39 weeks pay. An employee who has completed at least 1 year’s continuous service shall be entitled to a pro rata payment for part years. Note that the following minimum payments shall apply if they provide a greater benefit than calculated above: Period of continuous service Severance pay 1 year and less than 2 years 4 weeks pay 2 years and less than 3 years 6 weeks pay
Sample 1
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NOTICE OR PAYMENT IN LIEU OF NOTICE. The Company shall give the following notice to an eligible employee whose employment is to be terminated by reason of redundancy in accordance with clause 4.8.2 of this Agreement: Period of Continuous Service Period of Notice 1 year or less 1 week 1 year and up to the completion of 3 years 2 weeks 3 years and up to the completion of 5 years 3 weeks 5 years and over 4 weeks In addition to the notice above, an employee over 45 years of age at the time of giving of notice and with not less than two years continuous service, shall be entitled to an additional one week’s notice. Payment in lieu of notice shall be made if the employee is not required to work out the notice. Provided that employment may be terminated by part of the period of notice specified and part payment in lieu thereof. Such payment in lieu is in addition to the severance payment.
Sample 1

Related to NOTICE OR PAYMENT IN LIEU OF NOTICE

  • CAFA Notice Pursuant to 28 U.S.C. § 1715, not later than ten (10) days after the Agreement is filed with the Court, the Settlement Administrator shall cause to be served upon the Attorneys General of each U.S. State in which Settlement Class members reside, the Attorney General of the United States, and other required government officials, notice of the proposed settlement as required by law, subject to Paragraph 5.1 below.

  • Condition Precedent to Requesting Payment Grantee will disburse program income, rebates, refunds, contract settlements, audit recoveries, and interest earned on such funds before requesting cash payments including any advance payments from the System Agency.

  • Notice of Non-Renewal Consultant understands and agrees that there is no representation, implication, or understanding that the City will request that work product provided by Consultant under this agreement be supplemented or continued by Consultant under a new agreement following expiration or termination of this agreement. Consultant waives all rights or claims to notice or hearing respecting any failure by City to continue to request or retain all or any portion of the work product from Consultant following the expiration or termination of this agreement.

  • Period of Notice Subject to-

  • Notice of Delay 12.1. When anything delays or threatens to delay the timely performance of the Purchase Order, Supplier must immediately provide written notice to Buyer in writing of all relevant information, including but not limited to the reasons for the potential delay and Supplier’s short-term and long-term mitigation actions.

  • Termination for Cause with Notice to Cure Requirement Contractor may terminate this contract for the Department’s failure to perform any of its duties under this contract after giving the Department written notice of the failure. The written notice must demand performance of the stated failure within a specified period of time of not less than 30 days. If the demanded performance is not completed within the specified period, the termination is effective at the end of the specified period.

  • Notice of Nonpayment The Trustee shall notify the Grantor and the NDEQ Director by certified mail, return receipt requested, within 10 days following the expiration of the 30-day period after the anniversary of the establishment of the Trust, if no payment is received by the Grantor during that period. After the pay-in period is completed, the Trustee shall not be required to send a notice of nonpayment. Section 16.

  • NOTICE REQUIRED TO EXERCISE OPTION To exercise the Option to Purchase, the Buyer/ Tenant must deliver to the Seller/Landlord written notice of Buyer/Tenant’s intent to purchase. In addition, the written notice must specify a valid closing date. The closing date must occur before the original expiration date of the Lease Agreement, or the date of the expiration of the Option to Purchase Agreement designated in paragraph 1, whichever occurs later.

  • Refund or Payment upon Termination If this Agreement is terminated by You in accordance with Section 12.3 (Termination), We will refund You any prepaid fees covering the remainder of the term of all Order Forms after the effective date of termination. If this Agreement is terminated by Us in accordance with Section 12.3, You will pay any unpaid fees covering the remainder of the term of all Order Forms. In no event will termination relieve You of Your obligation to pay any fees payable to Us for the period prior to the effective date of termination.

  • Form of Notice All notices, requests, claims, demands and other communications between the parties shall be in writing.

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