Redundancy Fund definition

Redundancy Fund means an approved employee entitlement fund such as the Contracting Industry Redundancy Trust (Queensland);

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Redundancy Fund means the Redundancy Fund established under the provisions of the Republican law;

Redundancy Fund means the fund referred to in section 103; " redundancy payment" has the meaning given by section 81(1); " redundancy rebate" has the meaning given by section 104;

Examples of Redundancy Fund in a sentence

• The Employer is, and will remain during the life of this Agreement, a participating employer in the Nominated Redundancy Fund and an employer member of IPT Agency Co Ltd.

• References in this clause to "Nominated Redundancy Fund" include a reference to another fund for comparable purposes nominated by Incolink for the purposes of this Agreement as a fund which supersedes the Incolink Number 4 Fund.

• The amount of the Redundancy payment shall be whichever is the greater of the entitlement due under the Award as in force from time to time or the entitlement of the Employee under the Nominated Redundancy Fund trust deed (or under the constituting documents of any fund nominated by Incolink under this clause).

• The Employer is, and will remain during the life of this Agreement, a participating employer in the Nominated Redundancy Fund (or other redundancy fund of which Incolink is a trustee) and an employer member of IPT Agency Co Ltd or IPT Agency Co (No. 2) Ltd.

• The amount of the redundancy payment shall be whichever is the greater of the entitlement due under the Building and Construction General On-site Award 2010 as in force from time to time or the entitlement of the Employee under the Nominated Redundancy Fund trust deed (or under the constituting documents of any fund nominated by Incolink under this clause).

• All Employees, inclusive of casuals, are entitled to redundancy benefits through payments made by the Employer to Redundancy Fund ("the Redundancy Fund payment") by the Company on their behalf.

• The Employer shall make contributions into the Protect Redundancy Fund on behalf of all Employees (other than apprentices) covered by this clause at the rate specified in Part A, clause 19.6(a)(vi).

• Employer to pay redundancy payments to an Employee under this clause will be met by the making of the contributions on behalf of the Employee required as a member of the Nominated Redundancy Fund, or by another fund nominated by Incolink under clause 23.1.

• The amount of the redundancy payment shall be whichever is the greater of the entitlement due under the Building and Construction General On-site Award 2020 as in force from time to time or the entitlement of the Employee under the Nominated Redundancy Fund trust deed (or under the constituting documents of any fund nominated by Incolink under this clause).

• Payments made into the Redundancy Fund designed to meet an employer’s liabilities under this clause to employees eligible for redundancy/severance pay will be offset against the liability of the employer under Clause 37.4.6, and the employee will receive the fund payment or his entitlement under clause 37.4.6 whichever is the greater, but not both.

More Definitions of Redundancy Fund

Redundancy Fund means an approved employee entitlement fund such as the Contracting Industry Redundancy Trust (CIRTQ):

Redundancy Fund means a Redundancy Trust Scheme.