Severance Entitlements. 27.15.1 The severance entitlement of employees pursuant to this Agreement shall consist of the entitlement to severance as provided for in the existing Public Service of Xxxxxxx Xxx, 0000, Management Board of Cabinet Compensation Directive, August 20, 2007, sections 60 to 68, which are hereby incorporated by reference into this Article.
Severance Entitlements. In addition to the period of notice prescribed for ordinary termination in clause 21.1 of this Agreement and subject to further order of the Commission, an employee whose employment is terminated for reasons set out in clause 20.1(a) is entitled to the following:
Severance Entitlements. 95.1 An employee whose employment is terminated by the Chief Executive Officer on the grounds that the employee is an excess employee is entitled to payment of a redundancy benefit of an amount equal to two weeks’ salary for each completed year of continuous service, plus a pro rata payment for completed months of service since the last completed year of service, or the minimum redundancy benefit to which the employee is entitled under the National Employment Standards (NES), whichever is greater.
Severance Entitlements. 66.1 An employee who is terminated by the Managing Director on the grounds that he or she is excess to the requirements of DHA is entitled to payment of a redundancy benefit of an amount equal to two weeks’ salary for each completed year of continuous service, plus a pro rata payment for completed months of service since the last completed year of service, subject to any minimum amount the employee is entitled to under the National Employment Standards.
Severance Entitlements. The severance entitlement of employees pursuant to this Agreement consist of the entitlement to severance as provided for in the existing Public Service Act, Regulation Sections through which are hereby incorporated by reference into this Article. Unless otherwise provided for in this Agreement, severance is payable to the employeeone pay period following the date of layoff or such later date as is mutually agreed upon. Where the employee advises the Employer of preferences for payments under this Article to ensure tax-effective treatment, the Employer will comply subject to requirements at law. An employee shall not receive payments both under Article and under Article arising from the same event. Dispute Resolution Disputes arising out of the application,interpretationand administrationof Article will be resolved pursuant to the procedure set out below. Any complaint concerning Article may be referred by either party to the Article Committee composed of a minimum of three (3) representatives of each party, and a maximum of five (5). The complaint shall be referred within sixty (60)days after the circumstances giving rise to the complaint have occurred, or have come or ought reasonably to have come to the attention of the in the case of individual or group disputes, or the Association, in the case of an Association dispute, or the Employer in the case of an Employer dispute. The Committee shall have Employer and Association co-chairs. Each party shall have one (1) vote on the Committee.Any complaint shall be in writing and shall be delivered to the Employer Co-chair in the case of an complaint, and the Co-chair in the case of an Employer complaint. The committee shall meet as often as necessary to attempt to resolve complaintsequitably and expeditiously. The Article Committeewill be a subcommittee of The bargaining unit members of the Committee shall be entitled to time off with pay and no loss of credits for meeting time and reasonable preparation and travel time for the work of the Committee and Such time off will not be unreasonably denied as long as proper notice is given. If the Committee is unable to resolve any matter within five (5) days of the delivery to the Co-chair, or earlier by mutual agreement, either party may refer the matter to arbitration in accordance with Article and Article More than one (1) matter at a time may be referred to arbitration, Application of Job Security Provisions to Regular Part time Employees The job security provisio...
Severance Entitlements. Each of New Senior’s executive officers is party to an employment agreement with New Senior (which we refer to as the “New Senior Executive Agreements”), each of which will be amended as described in the section entitled “— 2021 Annual Cash Bonuses” beginning on page 58 of this proxy statement/prospectus. Each of the New Senior Executive Agreements, giving effect to the amendments, provides that if an executive officer is terminated by New Senior without “cause” (including non-renewal of the New Senior Executive Agreement by New Senior) or by the executive officer for “good reason” (each, a “qualifying termination”) within one year after a change in control, the executive officer will be entitled to receive: • a lump sum payment equal to three times (in the case of Xx. Xxxxxx ) and two times (in the case of Xx. Xxxxx and Xx. Xxxxxx) the sum of such executive officer’s base salary and target bonus; • a lump sum payment equal to the annual bonus for 2021, payable at maximum level, without pro- ration; and • a lump sum payment equal to the cost of 18 months of health and welfare premiums. The New Senior Executive Agreements for Xx. Xxxxx and Xx. Xxxxxx also provide that if such executive officer incurs a qualifying termination after the end of a given year but before the date that annual bonuses in respect of such year are paid, such executive officer will receive the annual bonus such executive officer would have received had such executive officer remained employed through the payment date. The Merger will constitute a change in control for purpose of the New Senior Executive Agreements. For purposes of the New Senior Executive Agreements, “cause” generally means the executive officer’s
Severance Entitlements. You waive any claim to receive payments or other benefits under the Company’s Executive Management Severance Plan (“Severance Plan”) or the CONMED Severance Plan.
Severance Entitlements. 75.1 Where an employee’s employment is terminated as an excess employee, he or she is entitled to a severance payment equal to two weeks salary for each completed year of continuous service plus a pro rata severance payment for completed months of service since the last completed year of service.
Severance Entitlements. Employee’s period of continuous service Severance benefit At least 1 year but less than 2 years 4 weeks At least 2 years but less than 3 years 6 weeks At least 3 years but less than 4 years 7 weeks At least 4 years but less than 5 years 8 weeks At least 5 years but less than 6 years 10 weeks At least 6 years but less than 7 years 11 weeks At least 7 years but less than 8 years 13 weeks At least 8 years but less than 9 years 14 weeks At least 9 years 16 weeks
Severance Entitlements. 5.1 Subject to Sections 5.2 and 5.3 hereof, if (i) the Executive’s employment is terminated during the Term, other than (A) by the Company for Cause, (B) by reason of death or Disability, or (C) by the Executive without Good Reason, then the Company shall pay the Executive the amounts, and provide the Executive the benefits, described in this Section 5.1 (“Severance Payments”), in addition to any payments and benefits to which the Executive is entitled under Section 4 hereof; provided, however, that, in the case of clauses (A) and (B) below, Executive shall have executed a release of claims substantially in the form attached as Exhibit A hereto and such release shall become effective within sixty (60) days following the Date of Termination.
