Common use of Upon Termination of Employment Clause in Contracts

Upon Termination of Employment. except for dismissal for gross misconduct, retirement or voluntary resignation, an employee shall receive severance pay in a lump-sum equal to two (2) weeks' pay for each year of service to a maximum of fifty-two (52) weeks.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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Upon Termination of Employment. except for dismissal for gross misconduct, retirement or voluntary resignation, an employee shall receive severance pay in a lump-lump sum equal to two (2) weeks' pay for each year of service to a maximum of fiftyforty-two five (5245) weeks.

Appears in 1 contract

Samples: Collective Agreement

Upon Termination of Employment. except for dismissal for gross misconduct, retirement or voluntary resignation, an employee shall receive severance pay in a lump-sum equal to two (2) weeks' pay for each year of service to a maximum of fiftyforty-two five (5245) weeks.

Appears in 1 contract

Samples: Collective Agreement

Upon Termination of Employment. except for dismissal for gross misconduct, retirement retirement, or voluntary resignation, an employee shall receive severance pay in a lump-lump sum equal to two (2) weeks' weeks pay for each year of service to a maximum of fifty-two (52) weeks. The employee may elect to receive a lump-sum payment or equivalent pay continuation for the length of the severance.

Appears in 1 contract

Samples: Collective Agreement

Upon Termination of Employment. except for dismissal for gross misconduct, retirement retirement, or voluntary resignation, an employee shall receive severance pay in a lump-lump sum equal to two (2) weeks' weeks pay for each year of service to a maximum of fiftyforty-two five (5245) weeks.

Appears in 1 contract

Samples: Collective Agreement

Upon Termination of Employment. except for dismissal for gross misconduct, retirement or voluntary resignation, an employee shall receive severance pay in a lump-lump sum equal to two (2) weeks' pay for each year of service to a maximum of fifty-two (52) weeks.

Appears in 1 contract

Samples: Collective Agreement

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Upon Termination of Employment. except for dismissal for gross misconduct, retirement or voluntary resignation, an employee shall receive severance pay in a lump-lump sum equal to two (2) weeks' pay for each year of service to a maximum of fifty-two (52) weeks52)weeks.

Appears in 1 contract

Samples: Collective Agreement

Upon Termination of Employment. except for dismissal for gross misconduct, retirement retirement, or voluntary resignation, an employee shall receive severance pay in a lump-sum equal to two (2) weeks' weeks pay for each year of service to a maximum of fifty-two (52) weeks. The employee may elect to receive a lump-sum payment or equivalent pay continuation for the length of the severance.

Appears in 1 contract

Samples: Collective Agreement

Upon Termination of Employment. except for dismissal for gross misconduct, retirement retirement, or voluntary resignation, an employee shall receive severance pay in a lump-sum equal to two (2) weeks' weeks pay for each year of service to a maximum of fiftyforty-two five (5245) weeks.

Appears in 1 contract

Samples: Collective Agreement

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