Redundancy Payments. (a) Redundancy payments shall be calculated on the basis of three (3) Weeks' Pay for each completed year of continuous service (except for the first year of service, where four (4) weeks’ pay will apply), or part thereof, to a maximum payment, excluding payment in lieu of notice, of fifty-two (52) Weeks' Pay.
Redundancy Payments. (a) All Employees, inclusive of casuals, are entitled to redundancy benefits through payments made by the Employer to Redundancy Fund ("the Redundancy Fund payment") by the Company on their behalf. All contributions paid in accordance with the provisions of this clause will be paid on a monthly basis.
Redundancy Payments. For redundancy under the terms of this Agreement, the following package shall apply:
Redundancy Payments. A weekly employee employed by the Company for more than 3 months whose employment is terminated by the Company and who is made redundant shall receive at the time of his or her termination payments calculated in accordance with the following:
Redundancy Payments. 42.1 An employee who has been continuously employed for a period of more than twelve (12) months, will be entitled to a severance payment of an amount stipulated in Clause 42.3, where his/her employment has been terminated for any of the following reasons :
Redundancy Payments i. In addition to the period of notice for ordinary termination, an Employee whose employment is terminated as a result of redundancy, shall be entitled to the following amount of severance pay in respect of their period of continuous service with the Employer: Period of Continuous Service Redundancy Pay At least 1 year but less than 2 years 4 weeks At least 2 years but less than 3 years 6 weeks At least 3 years but less than 4 years 7 weeks At least 4 years but less than 5 years 8 weeks At least 5 years but less than 6 years 10 weeks At least 6 years but less than 7 years 11 weeks At least 7 years but less than 8 years 13 weeks At least 8 years but less than 9 years 14 weeks At least 9 years but less than 10 years 16 weeks At least 10 years 16 weeks
Redundancy Payments. Payment per week will be paid into a redundancy fund in respect to each tradesperson. Refer to Appendix 2 for rates and increments.
Redundancy Payments. The Company has not adopted, whether informally or formally and whether in writing or otherwise, any policy or practice of making redundancy payments in excess of statutory minima nor has it historically made any such redundancy payments.
Redundancy Payments. 88.1. Where the one month consideration period is reduced, the employee will be paid for the unexpired portion of the one month period as at the date of termination. He or she will also receive payment in lieu of the relevant period of notice provided for in Clause 87.4.
Redundancy Payments. (a) Redundant employees shall receive a severance payment of four (4) weeks.
