Common use of REDUNDANCY PROVISIONS Clause in Contracts

REDUNDANCY PROVISIONS. 56.01 All teachers who are declared redundant and who are not reassigned in accordance with Article 9, shall be eligible for a redundancy benefit as outlined in the table below: REDUNDANCY BENEFIT Service Age < 00 00-00 00-00 00-00 00-00 > 54 < 6 months 4% 8% 12% 16% 20% 24% > 6 months - <1 year 8% 12% 16% 20% 24% 28% > 1 - < 2 years 14% 18% 22% 26% 30% 34% > 2 - < 4 years 22% 26% 30% 34% 38% 42% > 4 - < 6 years 30% 34% 38% 42% 46% 50% > 6 - < 8 years 38% 42% 46% 50% 54% 58% > 8 - < 10 years 46% 50% 54% 58% 62% 66% > 10 - < 12 years 54% 58% 62% 66% 70% 74% > 12 - < 14 years 62% 66% 70% 74% 78% 82% > 14 - < 16 years 70% 74% 78% 82% 86% 90% > 16 - < 18 years 78% 82% 86% 90% 94% 98% > 18 - < 20 years 86% 90% 94% 98% 102% 106% > 20 - < 22 years 94% 98% 102% 106% 110% 114% > 22 years or more 102% 108% 112% 116% 120% 124%

Appears in 2 contracts

Samples: Agreement, Agreement

AutoNDA by SimpleDocs

REDUNDANCY PROVISIONS. 56.01 All teachers who are declared redundant and who are not reassigned in accordance with Article 9, shall be eligible for a redundancy benefit as outlined in the table below: REDUNDANCY BENEFIT Service Age < 00 00-00 00-00 00-00 00-00 > 54 < 6 months 4% 8% 12% 16% 20% 24% > 6 months - <1 year 8% 12% 16% 20% 24% 28% > 1 - < 2 years 14% 18% 22% 26% 30% 34% > 2 - < 4 years 22% 26% 30% 34% 38% 42% > 4 - < 6 years 30% 34% 38% 42% 46% 50% > 6 - < 8 years 38% 42% 46% 50% 54% 58% > 8 - < 10 years 46% 50% 54% 58% 62% 66% > 10 - < 12 years 54% 58% 62% 66% 70% 74% > 12 - < 14 years 62% 66% 70% 74% 78% 82% > 14 - < 16 years 70% 74% 78% 82% 86% 90% > 16 - < 18 years 78% 82% 86% 90% 94% 98% > 18 - < 20 years 86% 90% 94% 98% 102% 106% > 20 - < 22 years 94% 98% 102% 106% 110% 114% > 22 years or more 102% 108% 112% 116% 120% 124%% This is not the official version.

Appears in 1 contract

Samples: Collective Agreement

AutoNDA by SimpleDocs

REDUNDANCY PROVISIONS. 56.01 All teachers who are declared redundant and who are not reassigned in accordance with Article 9ß, shall be eligible for a redundancy benefit as outlined in the table below: REDUNDANCY BENEFIT Service Age < 00 003J 3J-3ß G0-00 00GG GJ-00 00Gß J0-00 00-00 JG > 54 JG < 6 months 4% 8% 12% 16% 20% 24% > 6 months - <1 year 8% 12% 16% 20% 24% 28% > 1 - < 2 years 14% 18% 22% 26% 30% 34% > 2 - < 4 years 22% 26% 30% 34% 38% 42% > 4 - < 6 years 30% 34% 38% 42% 46% 50% > 6 - < 8 years 38% 42% 46% 50% 54% 58% > 8 - < 10 years 46% 50% 54% 58% 62% 66% > 10 - < 12 years 54% 58% 62% 66% 70% 74% > 12 - < 14 years 62% 66% 70% 74% 78% 82% > 14 - < 16 years 70% 74% 78% 82% 86% 90ß0% > 16 - < 18 years 78% 82% 86% 90ß0% 94ß4% 98ß8% > 18 - < 20 years 86% 90ß0% 94ß4% 98ß8% 102% 106% > 20 - < 22 years 94ß4% 98ß8% 102% 106% 110% 114% > 22 years or more 102% 108% 112% 116% 120% 124%

Appears in 1 contract

Samples: Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.