Common use of SEVERANCE AND REDUNDANCY Clause in Contracts

SEVERANCE AND REDUNDANCY. 14.1 An employee on termination of employment on a project shall be paid bona fide severance payment equal to 10% of the employee’s gross ordinary time salary paid to the employee for the period of their continuos employment on that project even though he/she may not have worked the full period of the contract.

Appears in 3 contracts

Samples: www8.austlii.edu.au, www8.austlii.edu.au, www8.austlii.edu.au

AutoNDA by SimpleDocs

SEVERANCE AND REDUNDANCY. 14.1 An employee on termination of employment on a project shall be paid bona fide severance payment equal to 10% of the employee’s gross ordinary time salary paid to the employee for the period of their continuos continuous employment on that project even though he/she may not have worked the full period of the contract.

Appears in 1 contract

Samples: www8.austlii.edu.au

AutoNDA by SimpleDocs

SEVERANCE AND REDUNDANCY. 14.1 28.1 An employee on termination of employment on a project shall be paid a bona fide severance payment equal to 10% of the employee’s gross ordinary time salary paid to the employee for the period of their continuos continuous employment on that project even though he/she may not have worked the full period of the contractproject.

Appears in 1 contract

Samples: Offshore Marine Services

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