Common use of Severance Allowance Clause in Contracts

Severance Allowance. Such employees shall be entitled to a severance allowance based on their years of employment during their last period of continuous service computed on the basis of forty (40) straight time hours at the employee’s regular rate on the following basis: (a) two (2) weeks per year of service to a maximum sixty (60) weeks (b) employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination For employees with a minimum of one (1) year’s employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. No payment will be made under this section in cases where the employee has already qualified under Article XX, Section 6, Job Security, or under Article XXII, Section 5, Job Elimination.

Appears in 3 contracts

Sources: Labour Agreement, Labour Agreement, Labour Agreement

Severance Allowance. Such employees shall be entitled to a severance allowance of two (2) weeks pay per year of service to a maximum of sixty (60) weeks based on their the employee’s years of employment during their the employee’s last period of continuous service and is computed on the basis of forty (40) straight time hours per week at the employee’s regular rate on the following basis: rate. For employees with a minimum of one (a1) two years’ employment during their last period of continuous service severance allowance shall not be less than four (24) weeks per year of service to a maximum sixty (60) weeks (b) employees pay. Employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination For employees with a minimum of one (1) year’s employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ paytermination. No payment will be made under this section in cases where the employee has already qualified under Article XXXXII, Section 6, Job Security, or under Article XXIIXXIV, Section 5, Job Elimination.

Appears in 3 contracts

Sources: Labour Agreement, Labour Agreement, Labour Agreement

Severance Allowance. Such employees shall be entitled to a severance allowance of two (2) weeks per year of service to a maximum of sixty (60) weeks based on their the employee’s years of employment during their the employee’s last period of continuous service computed on the basis of forty (40) straight time hours per week at the employee’s regular rate on the following basis: rate. For employees with a minimum of one (a1) two years' employment during their last period of continuous service, severance allowance shall not be less than four (24) weeks per year of service to a maximum sixty (60) weeks (b) employees pay. Employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination For employees with a minimum of one (1) year’s employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ paytermination. No payment will be made under this section in cases where the employee has already qualified under Article XXXXII, Section 6, Job Security, or under Article XXIIXXIV, Section 5, Job Elimination.

Appears in 3 contracts

Sources: Labour Agreement, Labour Agreement, Labour Agreement

Severance Allowance. Such employees shall be entitled to a severance allowance based on their years of employment during their last period of continuous service computed on the basis of forty (40) straight time hours at the employee’s regular rate on the following basis: (a) two (2) weeks per year of service to a maximum sixty (60) weeks (b) employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination For employees with a minimum of one (1) year’s employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. No payment will be made under this section in cases where the employee has already qualified qualified under Article XX, Section 6, Job Security, or under Article XXII, Section 5, Job Elimination.

Appears in 2 contracts

Sources: Labour Agreement, Labour Agreement

Severance Allowance. Such employees shall be entitled to a severance allowance of two (2) weeks per year of service to a maximum of sixty (60) weeks based on their the employee’s years of employment during their the employee’s last period of continuous service computed on the basis of forty (40) straight time hours per week at the employee’s regular rate on the following basis: rate. For employees with a minimum of one (a1) two year’s employment during his/her last period of continuous service, severance allowance shall not be less than four (24) weeks per year of service to a maximum sixty (60) weeks (b) employees week’s pay. Employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination For employees with a minimum of one (1) year’s employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ paytermination. No payment will be made under this section in cases where the employee has already qualified under Article XXXXII, Section 6, Job Security, or under Article XXIIXXIV, Section 5, Job Elimination.

Appears in 2 contracts

Sources: Labour Agreement, Labour Agreement

Severance Allowance. (a) Such employees shall be entitled to a severance allowance of two (2) weeks per year of service to a maximum of sixty (60) weeks, based on their the employee’s years of employment during their the employee’s last period of continuous service computed on the basis of forty (40) straight time hours per week at the employee’s regular rate on the following basis: (a) two (2) weeks per year of service to a maximum sixty (60) weeksrate. (b) For employees with a minimum of one (1) years' employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks' pay. Employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination For employees with a minimum of one termination. (1c) year’s employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. No payment will be made under this section in cases where the employee has already qualified under Article XXXXII, Section 6, Job Security, or under Article XXIIXXIV, Section 5, Job Elimination.

Appears in 2 contracts

Sources: Labour Agreement, Labour Agreement

Severance Allowance. Such employees shall be entitled to a severance allowance of two (2) weeks per year of service to a maximum of sixty (60) weeks based on their the employee's years of employment during their the employee's last period of continuous service computed on the basis of forty (40) straight time hours per week at the employee’s 's regular rate on the following basis: rate. For employeeswith a minimum of one (a1) two years' employment during their last period of continuous service severance allowance shall not be less than four (24) weeks per year of service to a maximum sixty (60) weeks (b) employees pay. Employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination For employees with a minimum of one (1) year’s employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ paytermination. No payment will be made under this section in cases where the employee has already qualified under Article XX, Section 6, Job lob Security, or under Article XXII, Section 5, Job Elimination.

Appears in 1 contract

Sources: Labour Agreement

Severance Allowance. Such employees shall be entitled to a severance allowance of two (2) weeks per year of service to a maximum of sixty (60) weeks based on their the employee’s years of employment during their the employee’s last period of continuous service computed on the basis of forty (40) straight time hours per week at the employee’s regular rate on the following basis: (a) two (2) weeks per year of service to a maximum sixty (60) weeks (b) employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination rate. For employees with a minimum of one (1) year’s years’ employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. Employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination. No payment will be made under this section in cases where the employee has already qualified under Article XXXXII, Section 6, Job Security, or under Article XXIIXXIV, Section 5, Job Elimination.

Appears in 1 contract

Sources: Labour Agreement

Severance Allowance. Such employees shall be entitled to a severance allowance of two (2) weeks pay per year of service to a maximum of sixty (60) weeks based on their the employee’s years of employment during their the employee’s last period of continuous service and is computed on the basis of forty (40) straight time hours per week at the employee’s regular rate on the following basis: rate. For employees with a minimum of one (a1) two years’ employment during their last period of continuous service severance allowance shall not be less than four (24) weeks per year of service to a maximum sixty (60) weeks (b) employees pay. Employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination For employees with a minimum of one (1) year’s employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ paytermination. No payment will be made under this section in cases where the employee has already qualified qualified under Article XXXXII, Section 6, Job Security, or under Article XXIIXXIV, Section 5, Job Elimination.

Appears in 1 contract

Sources: Labour Agreement

Severance Allowance. Such employees shall be entitled to a severance allowance based on their years of employment during their last period of continuous service computed on the basis of forty (40) straight time hours at the employee’s 's regular rate on the following basis: (a) two (2) weeks per year of service to a maximum sixty (60) weeks (b) employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination For employees with a minimum of one (1) year’s employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. No payment will be made under this section in cases where the employee has already qualified under Article XX, Section 6, Job Security, or under Article XXII, Section 5, Job Elimination.

Appears in 1 contract

Sources: Labour Agreement

Severance Allowance. Such employees shall be entitled to a severance allowance based on their the years of employment during their last period of continuous service computed on the basis of forty (40) straight time hours at the employee’s regular rate on the following basis: (a) two (2) weeks : 2 week’s pay per year of service to a maximum of sixty (60) weeks (b) employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination . For employees with a minimum of one (1) year’s years’ employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. Employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination. No payment will be made under this section in cases where the employee has already qualified under Article XX, Section 6, Job Security, or under Article XXII, Section 5, Job Elimination.

Appears in 1 contract

Sources: Labour Agreement