Common use of PLANT CLOSURE Clause in Contracts

PLANT CLOSURE. The Company agrees to provide no less than 12 months notice of the Cambridge plant closure to its active employees unless it is unable to do so by circumstances outside of its exclusive control. In the event that the Company chooses to close the plant and the circumstances giving rise to such a decision are in the Company’s exclusive control and the Company has not given written notification of such decision of at least 12 months, the Company agrees to add 80 hours pay at the employee’s regular hourly rate to the employee’s termination pay payable under the terms of the Employment Standards Act. If notification of plant closure is provided to the union, any active employee may request and if approved, to terminate his employment during the notice time provided the request is so as to allow the employee to begin working elsewhere. In the event of such termination, the employee will not lose their severance payable under the terms of the Employment Standards Act. The Union and employees agree to be fully supportive and cooperate with the Company should a decision is made to close the plant in accordance with the terms of this agreement.

PLANT CLOSURE. The Company agrees to provide no less than 12 months twelve (12) months’ notice of the Cambridge plant closure to its active employees unless it is unable to do so by circumstances outside of its exclusive control. In the event that the Company chooses to close the plant and the circumstances giving rise to such a decision are in the Company’s exclusive control and the Company has not given written notification of such decision of at least 12 twelve (12) months, the Company agrees to add 80 eighty (80) hours pay at the employee’s regular hourly rate to the employee’s termination pay payable under the terms of the Employment Standards Act. If notification of plant closure is provided to the union, any active employee may request and if approved, to terminate his employment during the notice time provided the request is so as to allow the employee to begin working elsewhere. In the event of such termination, the employee will not lose their severance payable under the terms of the Employment Standards Act. The Union and employees agree to be fully supportive and cooperate with the Company should a decision is made to close the plant in accordance with the terms of this agreement.