Permanent Mill Closure Clause Samples

Permanent Mill Closure. Section 1: Notice........................................................................... Section 2: Severance Allowance ....................................................

Permanent Mill Closure. Maximum Severance Allowance 52* weeks 2080 hours *Computed on the basis of forty (40) straight time hours at the employee’s regular rate. For employees with a minimum of one (1) years employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. At the time of separation the employee shall have the option of receiving the severance allowance on termination, or he/she may elect to have his/her severance allowance held in abeyance for up to one (1) year from the date of termination. He/she may apply in writing at any time during the year, at which time his/her full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI is elected, the employee’s severance allowance will be held in abeyance for the duration of his/her recall rights at which time the employee will be terminated and his/her severance allowance paid forthwith. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her severance

Permanent Mill Closure. Maximum Severance Allowance 52* weeks 2080 hours For employees with a minimum of one (1) years employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay.

Permanent Mill Closure. Computed on the basis of forty (40) straight time hours at the employee’s regular rate.

Permanent Mill Closure