Common use of TERMINATION ALLOWANCE Clause in Contracts

TERMINATION ALLOWANCE. In the event of closure of all or part of the Employer’s retail store, which results in the permanent lay-off of any employees, the employer agrees to pay each employee so affected, in accordance with Company policy, the following: • Less than one (1) completed year of service: according to Employment Standards (if any). • A year or more but less than five (5) completed years of service: one (1) week’s pay for each completed year of service. • More than five (5) completed years of service: five (5) weeks for the first five (5) years of service plus one and a half (1.5) weeks per completed year of service for each subsequent year up to a maximum of thirty (30) weeks in total.

Appears in 16 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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TERMINATION ALLOWANCE. In the event of closure of all or part of the Employer’s retail store, which results in the permanent lay-off of any employees, the employer agrees to pay each employee so affected, in accordance with Company policy, the following: Less than one (1) completed Ic)ompleted year of service: according to Employment Standards (if any). A year or more but less than five (5) completed years of service: one (1) week’s pay for each completed year of service. I More than five (5) completed years of service: five (5) weeks for the first five (5) years of service plus one and a half (1.5) ( weeks per completed year of service for each subsequent year up to a maximum of thirty (30) weeks in total.

Appears in 1 contract

Samples: Collective Agreement

TERMINATION ALLOWANCE. In the event of closure of all or part of the Employer’s 's retail store, which results in the permanent lay-off of any employees, the employer agrees to pay each employee so affected, in accordance with Company policy, the following: • Less than one (1) completed year of service: according to Employment Standards (if any). • A year or more but less than five (5) completed years of service: one (1) week’s 's pay for each completed year of service. • More than five (5) completed years of service: five (5) weeks for the first five (5) years of service plus one and a half (1.5) weeks per completed year of service for each subsequent year up to a maximum of thirty (30) weeks in total.

Appears in 1 contract

Samples: Collective Agreement

TERMINATION ALLOWANCE. In the event of closure of all or part of the Employer’s retail store, which results in the permanent lay-off of any employees, the employer agrees to pay each employee so affected, in accordance with Company policy, the following: Less than one (1) completed year of service: according to Employment Standards (if any). A year or more but less than five (5) completed years of service: one (1I) week’s pay for each completed year of service. More than five (5) completed years of service: five (5) weeks for the first five (5) years of service plus one and a half (1.5) 1 weeks per completed year of service for each subsequent year up to a maximum of thirty (30) weeks in total.. I

Appears in 1 contract

Samples: Agreement

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TERMINATION ALLOWANCE. In the event of closure of all or part of the Employer’s retail store, which results in the permanent lay-off of any employees, the employer agrees to pay each employee so affected, in accordance with Company policy, the following: Less than one (1) completed year of service: according to Employment Standards (if any). A year or more but less than five (5) completed years of service: one (1) week’s pay for each completed year of service. More than five (5) completed years of service: five (5) weeks for the first five (5) years of service plus one and a half (1.5) weeks per completed year of service for each subsequent year up to a maximum of thirty (30) weeks in total.

Appears in 1 contract

Samples: Collective Agreement

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