Common use of Termination Payments Clause in Contracts

Termination Payments. 1 A termination payment, plus compensation for any vacation to which the employee is entitled at the time of leaving the Company, shall be paid to a regular employee who is laid off or may be offered by the Company to an employee as an inducement to voluntarily leave the Company.

Appears in 10 contracts

Samples: Agreement, Agreement, Agreement

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Termination Payments. 1 A termination payment, plus compensation for any vacation to which the employee is entitled at the time of leaving the Company, shall be paid to a regular employee who is laid off or may be offered by the Company to an employee as an inducement to voluntarily leave the Companyoff.

Appears in 5 contracts

Samples: Agreement, The 2009 Agreement, The 2009 Agreement

Termination Payments. 1 A termination payment, plus compensation for any vacation to which the employee is entitled at the time of leaving the Company, shall be paid to a regular employee who is laid off or may be offered by the Company to an employee employee(s) as an inducement to voluntarily leave the Company.

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement

Termination Payments. 1 A termination payment, plus compensation for any vacation to which the employee is entitled at the time of leaving the Company, shall be paid to a regular employee who is laid off or may be offered by the Company to an employee as an inducement to voluntarily leave the Company.

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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Termination Payments. 1 26.53 A termination payment, plus compensation for any vacation days, Excused Work Days and Floating Holidays to which the employee is entitled eligible at the time of leaving the Company’s service, shall be paid to a regular employee who is laid off because of lack of work, or may be offered by paid at the discretion of the Company to an employee whose services are terminated for reasons such as an inducement unadaptability or inability to voluntarily leave the Companyproperly perform assigned job duties.

Appears in 1 contract

Samples: Agreement

Termination Payments. 1 26.54 A termination payment, plus compensation for any vacation days, Excused Work Days and Floating Holidays to which the employee is entitled eligible at the time of leaving the Company’s service, shall be paid to a regular employee who is laid off because of lack of work, or may be offered by paid at the discretion of the Company to an employee whose services are terminated for reasons such as an inducement unadaptability or inability to voluntarily leave the Companyproperly perform assigned job duties.

Appears in 1 contract

Samples: Licenses and Permits

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