Service Severance Pay. (a) It is agreed and understood that "Service Severance Pay" shall be paid employees of the Employer on the following basis:
Service Severance Pay. It is agreed and understood that "Service Severance Pay" shall be paid to employees of the Corporation on the following basis:
Service Severance Pay. 31 17 SENIORITY ................................................................................................................ 32 General .............................................................................................................. 32 Calculation of Seniority ..................................................................................... 32 Seniority List ...................................................................................................... 33 Retention of Seniority ....................................................................................... 33 Loss of Seniority ................................................................................................ 33
Service Severance Pay. (a) A regular employee who has received written notice of layoff shall, within five
Service Severance Pay. (a) (i) Employees leaving the service of the Employer, other than on retirement, and who have completed ten (10) years of service or more shall be paid sixteen (16) hours' pay for each year of service.
Service Severance Pay. 31 20.01 Retirement ............................................................................................... 31 20.02 Service Severance Paid to the Estate ....................................................... 31 20.03 Effective Date ........................................................................................... 31 20.04 Definitions ................................................................................................ 31
Service Severance Pay. It is agreed and understood that "Service Severance Pay" shall be paid permanent employees of the Employer on the following basis:
Service Severance Pay. Service Severance Pay" shall be paid to Regular Full-Time Employees on the following basis:
Service Severance Pay. (a) A regular employee who has received written notice of layoff shall, within five (5) calendar days, elect to:
Service Severance Pay. (a) A regular employee who has received written notice of layoff shall, within five 2014/2016 (5) calendar days, elect to: (i) exercise their seniority rights for bumping purposes; or (ii) accept layoff. 2014/2016 (b) If the regular employee accepts layoff, he/she shall within thirty (30) calendar days from the effective date of layoff elect to: (i) either retain seniority rights of layoff and recall; or (ii) accept severance pay. (c) Upon acceptance of severance pay all seniority rights and rights of recall under the Agreement are terminated; or, upon acceptance of retention of seniority rights of layoff and recall all rights to severance pay under these provisions are terminated. (d) Entitlement to, and severance pay for each regular employee will be as follows: (i) Three (3) days pay for each calendar year of service up to and including five (5) calendar years of service. (ii) Five (5) days pay for each calendar year of service after six (6) years of service. (iii) The maximum number of days pay for severance will be ninety (90) days pay. (e) Part time service shall be calculated on a pro-rata basis. Salary upon which severance pay is calculated shall be based on the employee’s salary at the effective date of his or her termination.
