redundancy benefit definition

redundancy benefit means the Benefit, if shown in the Policy Document, provided under Part 7 of this Policy, subject to the Insured meeting the requirements of Part 7.
redundancy benefit means the amount of money that an employee whose employment has been terminated on account of redundancy is entitled to receive from his employer pursuant to section 183 of this Act;
redundancy benefit means the amount of money that an employee whose employment has been terminated on account of redun- dancy is entitled to receive from his employer pursuant to this Act;

More Definitions of redundancy benefit

redundancy benefit. , if selected, means the Redundancy Benefit specified in the Policy Schedule.
redundancy benefit means the amount of money which an employee, whose employment has been terminated on account of redundancy, is entitled to receive from his or her Employer;
redundancy benefit means any payment or benefit paid or payable to an employee of VLF, VRTC or PTC in connection with his or her redundancy (however such payment or benefit is described) and includes separation payments and any additional superannuation redundancy amount but does not include any leave entitlement.

Related to redundancy benefit

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Monthly Benefit means the monthly amount payable by Lincoln to you if you are Disabled or Partially Disabled.