REDUNDANCY PROVISION Sample Clauses
A Redundancy Provision outlines the terms and conditions under which an employee may be dismissed due to their position becoming redundant, typically as a result of organizational restructuring or downsizing. This clause usually specifies the process for identifying redundant roles, the notice period required, and any severance pay or benefits the affected employee is entitled to receive. Its core practical function is to provide a clear and fair framework for handling redundancies, ensuring both employer and employee understand their rights and obligations, and reducing the risk of disputes or claims of unfair dismissal.
REDUNDANCY PROVISION.
7.3.1 A redundancy exists if the Employer determines that an employee’s job has become surplus to the Employer’s needs.
7.3.2 In the event that the employee’s employment is terminated for redundancy, the employee will be given not less than three months’ notice of the redundancy. This three months’ notice is inclusive of the notice period required at clause 2.3 of this agreement.
7.3.3 At the time of giving notice, the Employer shall discuss with the employee and/or NZEI Te Riu Roa the details of the redundancy situation, the reasons for it and shall also give consideration as to whether redeployment is appropriate.
REDUNDANCY PROVISION. The basis for calculation will be the weekly rate plus (payment for average earnings 112 hours at annual rate hourly rate divided by 52.2). A cap on payments for the calculation of a redundancy payment has been set at 120 weeks.
1) The objective of the Employer shall be to avoid termination of employment as a consequence of redundancy wherever possible. Such terminations of employment would apply to redundant employees only where other positions are unavailable.
2) To cushion the effect on employees who may become involved in manpower reductions at some future time, various undertakings will apply as agreed hereunder.
3) If the need arises to reduce employment levels in any Employment category as a consequence of change in technology, work practices or market conditions, the Employer may,
(i) elect to wait for natural attrition (ii) seek voluntary early retirements
REDUNDANCY PROVISION. 34.01 Permanent employees whose positions are declared redundant or permanent employees who are displaced as a result of bumping and who are unable to bump or unable to be placed in other employment shall be given notice of termination or pay in lieu of notice. The period of notice shall depend upon the employee's age and completed years of continuous service since the last date of employment, as per Schedule E. Where an earlier effective date is required employees shall receive redundancy pay in lieu of notice. Where an employee is eligible to receive severance pay, the notice period and/or the amount of pay in lieu of notice shall be reduced accordingly. Employees who are re-employed with any Employer in the provincial public service shall be required to pay back part of any severance pay/pay in lieu of notice they received. The amount they have to pay back shall be based on the length of time they have been out of the employment of the provincial public service. The amount repaid will be based on the net amount received by the employee or the amount paid to a financial institution on behalf of an employee.
REDUNDANCY PROVISION. This is not the official version. Permanent employees whose positions are declared redundant or permanent employees who are displaced as a result of bumping and who are unable to bump or unable to be placed in other employment shall be given notice of termination or pay in lieu of notice. The period of notice shall depend upon the employee's age and completed years of continuous service since the last date of employment, as per Schedule G. Where an earlier effective date is required, employees shall receive redundancy pay in lieu of notice. Where an employee is eligible to receive severance pay, the notice period and/or the amount of pay in lieu of notice shall be reduced accordingly. Employees who are reemployed with any Employer covered by the coalition negotiations (see Schedule H) shall be required to pay back part of any severance pay/pay in lieu notice they received. The amount they have to pay back shall be based on the length of time they have been out of the employment of the Employer covered by the coalition negotiations. The amount repaid will be based on the net amount received by the employee or the amount paid to a financial institution on behalf of an employee.
REDUNDANCY PROVISION. Permanent employees whose positions are declared redundant or permanent employees who are displaced as a result of bumping and who are unable to bump or unable to be placed in other employment shall be given notice of termination or pay in lieu of notice. The period of notice shall depend upon the employee's age and completed years of continuous service since the last date of employment, as per Schedule G. Where an earlier effective date is required, employees shall receive redundancy pay in lieu of notice. Where an employee is eligible to receive severance pay, the notice period and/or the amount of pay in lieu of notice shall be reduced accordingly. Employees who are reemployed with any Employer covered by the coalition negotiations (see Schedule H) shall be required to pay back part of any severance pay/pay in lieu notice they received. The amount they have to pay back shall be based on the length of time they have been out of the employment of the Employer covered by the coalition negotiations. The amount repaid will be based on the net amount received by the employee or the amount paid to a financial institution on behalf of an employee.
REDUNDANCY PROVISION. In the event that a position is no longer required by the Company then it will be made redundant. Employees employed in a position which is made redundant that is either full- time or part-time, shall be entitled to a redundancy severance payment set out in this Clause in addition to the Notice, or payment in lieu of Notice, provided in Clause 33.1 of the Agreement, as well as any annual or long service leave payments to which they are entitled. This Clause does not apply to employees engaged for a fixed term or for the duration of a project, casual or seasonal employees or those employees whose employment is terminated for unsatisfactory performance, misconduct, or abandonment of employment. Following is the redundancy severance payment the Company will pay in accordance with the schedule based on the employee’s period of continuous service with the Company: 1 yr to < 2 yrs 4 2 yrs to < 3 yrs 6 3 yrs to < 4 yrs 7 4 yrs to < 5 yrs 8 5 yrs to < 6 yrs 10 6 yrs to < 7 yrs 11 7 yrs to < 8 yrs 13 8 yrs to < 9 yrs 14 9 yrs to < 10 yrs 16 More than 10 yrs 12 Where an employee is given notice of retrenchment, they will be provided all possible assistance in seeking alternative employment. Such assistance shall include reasonable time to attend interviews, and where practicable, assistance in the preparation of their resume.