Common use of Severance Payments Clause in Contracts

Severance Payments. If the Company determines that a surplus exists as described in Section 1. preceding, resulting in the layoff of a regular employee, that employee shall be eligible for a $700 Severance Payment or payment equivalent to one week’s wages (whichever is greater), for each completed six (6) months of Continuous Service during the first year of employment and an additional $700 or payment equivalent to one week’s wages (whichever is greater), for each subsequent completed year of Continuous Service up to a maximum of 18,000.

Severance Payments. If the Company determines that a surplus exists as described in Section 1. preceding, resulting in the layoff of a regular employee, that employee shall be eligible for a $700 Severance Payment or payment equivalent to one week’s wages (whichever is greater), ) for each completed six (6) 6 months of Continuous Service during the first year of employment and an additional $700 or payment equivalent to one week’s wages (whichever is greater), ) for each subsequent completed year of Continuous Service Service, up to a maximum of $18,000.

Severance Payments. If the Company determines that a surplus exists as described in Section 1. preceding, resulting in the layoff of a regular employee, that employee shall be eligible for a $700 Severance Payment or payment equivalent to one week’s wages (whichever is greater), for each completed six (6) months of Continuous Service during the first year of employment and an additional $700 or payment equivalent to one week’s wages (whichever is greater), for each subsequent completed year of Continuous Service up to a maximum of 18,000$17,000.

Severance Payments. If the Company determines that a surplus exists as described in Section 1. preceding, resulting in the layoff of a regular employee, that employee shall be eligible for a $700 Severance Payment or payment equivalent to one week’s wages (whichever is greater), for each completed six (6) 6 months of Continuous Service service during the first year of employment and an additional $700 or payment equivalent to one week’s wages (whichever is greater), for each subsequent completed year of Continuous Service Service, up to a maximum of 18,000$16,000.

Severance Payments. If the Company determines that a surplus exists as described in Section 1. preceding, resulting in the layoff of a regular employee, that employee shall be eligible for a $700 600 Severance Payment or payment equivalent to one week’s wages (whichever is greater), for each completed six (6) months of Continuous Service during the first year of employment and an additional $700 600 or payment equivalent to one week’s wages (whichever is greater), for each subsequent completed year of Continuous Service up to a maximum of 18,000$15,000.

Severance Payments. If the Company determines that a surplus exists as described in Section 1. preceding, resulting in the layoff of a regular employee, that employee shall be eligible for a $700 Severance Payment or payment equivalent to one week’s wages (whichever is greater), for each completed six (6) months of Continuous Net Credited Service during the first year of employment and an additional $700 or payment equivalent to one week’s wages (whichever is greater), for each subsequent completed year of Continuous Net Credited Service up to a maximum of 18,000$16,000. Part-time employees will be paid on a pro-rated basis.

Severance Payments. If the Company determines that a surplus exists as described in Section 1. preceding, resulting in the layoff of a regular employee, that employee shall be eligible for a $700 Severance Payment or payment equivalent to one week’s wages (whichever is greater), for each completed six (6) months of Continuous Service during the first year of employment and an additional $700 or payment equivalent to one week’s wages (whichever is greater), ) for each subsequent completed year of Continuous Service Service, up to a maximum of 18,000$17,000.

Severance Payments. If the Company determines that a surplus exists as described in Section 1. preceding, resulting in the layoff of a regular employee, that employee shall be eligible for a $700 800 Severance Payment or payment equivalent to one week’s wages (whichever is greater), ) for each completed six (6) 6 months of Continuous Service during the first year of employment and an additional $700 800 or payment equivalent to one week’s wages (whichever is greater), ) for each subsequent completed year of Continuous Service Service, up to a maximum of 18,000$20,000.

Severance Payments. If the Company determines that a surplus exists as described in Section 1. preceding, resulting in the layoff of a regular employee, that employee shall be eligible for a $700 Severance Payment or payment equivalent to one week’s wages (whichever is greater), for each completed six (6) months of Continuous Net Credited Service during the first year of employment and an additional $700 or payment equivalent to one week’s wages (whichever is greater), for each subsequent completed year of Continuous Net Credited Service up to a maximum of 18,000$17,000. Part-time employees will be paid on a pro-rated basis.

Severance Payments. If the Company determines that a surplus exists as described in Section 1. preceding, resulting in the layoff of a regular employee, that employee shall be eligible for a $700 Severance Payment or payment equivalent to one week’s wages (whichever is greater), for each completed six (6) months of Continuous Net Credited Service during the first year of employment and an additional $700 or payment equivalent to one week’s wages (whichever is greater), for each subsequent completed year of Continuous Net Credited Service up to a maximum of $18,000. Part-time employees will be paid on a pro-rated basis.

Severance Payments. If the Company determines that a surplus exists as described in Section 1. preceding, resulting in the layoff of a regular employee, that employee shall be eligible for a $700 600 Severance Payment or payment equivalent to one week’s wages (whichever is greater), for each completed six (6) months of Continuous Net Credited Service during the first year of employment and an additional $700 600 or payment equivalent to one week’s wages (whichever is greater), for each subsequent completed year of Continuous Net Credited Service up to a maximum of 18,000$15,000. Part-time employees will be paid on a pro-rated basis.

Severance Payments. If the Company determines that a surplus exists as described in Section 1. preceding, resulting in the layoff of a regular employee, that employee shall be eligible for a $700 600 Severance Payment or payment equivalent to one week’s wages (whichever is greater), for each completed six (6) months of Continuous Service during the first year of employment and an additional $700 600 or payment equivalent to one week’s wages (whichever is greater), for each subsequent completed year of Continuous Service up to a maximum of 18,000$12,000.

Severance Payments. If the Company determines that a surplus exists as described in Section 1. preceding, resulting in the layoff of a regular employee, that employee shall be eligible for a $700 Severance Payment or payment equivalent to one week’s 's wages (whichever is greater), for each completed six (6) months of Continuous Service during the first year of employment and an additional $700 or payment equivalent to one week’s 's wages (whichever is greater), ) for each subsequent completed year of Continuous Service Service, up to a maximum of 18,000$16,000.

Severance Payments. If the Company determines that a surplus exists as described in Section 1. preceding, resulting in the layoff of a regular employee, that employee shall be eligible for a $700 500 Severance Payment or payment equivalent to one week’s wages (whichever is greater), for each completed six (6) months of Continuous Service during the first year of employment and an additional $700 500 or payment equivalent to one week’s wages (whichever is greater), for each subsequent completed year of Continuous Service up to a maximum of 18,000$10,000.

Severance Payments. If the Company determines that a surplus exists as described in Section 1. preceding, resulting in the layoff of a regular employee, that employee shall be eligible for a $700 Severance Payment or payment equivalent to one week’s 's wages (whichever is greater), for each completed six (6) months of Continuous Net Credited Service during the first year of employment and an additional $700 or payment equivalent to one week’s 's wages (whichever is greater), for each subsequent completed year of Continuous Net Credited Service up to a maximum of 18,000$17,000. Part-time employees will be paid on a pro-rated basis.

Severance Payments. If the Company determines that a surplus exists as described in Section 1. preceding, resulting in the layoff of a regular employee, that employee shall be eligible for a $700 Severance Payment or payment equivalent to one week’s wages (whichever is greater), for each completed six (6) 6 months of Continuous Service service during the first year of employment and an additional $700 or payment equivalent to one week’s wages (whichever is greater), for each subsequent completed year of Continuous Service Service, up to a maximum of 18,000$17,000.