Redundancy Pay definition

Redundancy Pay means pay on grounds of a job being redundant;
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Redundancy Pay means the redundancy pay set out in clause 32(b).
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Redundancy Pay means the amount applicable amount set out in clause calculated according to an Employee’s period of service with the Employer.
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Examples of Redundancy Pay in a sentence

  • For clarity, this amount is inclusive of, not in addition to, the amount of Redundancy Pay under the NES.

  • Employee's period of continuous service with the employer on termination Redundancy Pay Period 1 At least 1 year but less than 2 years 4 weeks 2 At least 2 years but less than 3 years 6 weeks 3 At least 3 years but less than 4 years 7 weeks 4 At least 4 years but less than 5 years 8 weeks 5 At least 5 years but less than 6 years.

  • Accordingly, the provisions of Subdivision B – Redundancy Pay of Division 11 of the NES do not apply to the Employer and Employees covered by this Agreement.

  • The employment of a Staff Member may be terminated at any time by the CEO with appropriate notice provisions being applied as per Part 2.2, Division 11 – Notice of Termination and Redundancy Pay, section 117, Fair Work Act 2009 (Cth).

  • This would also apply to Statutory Sick Pay and Statutory Redundancy Pay.

  • Redundancy 24 32.1. Discussions before Termination 24 32.2. Transfer to lower paid duties 25 32.3. Time off work during notice period 25 32.4. Notice to Centrelink 25 32.5. Severance Pay 25 32.5.1 Redundancy Pay Entitlement 25 32.5.2 Statutory Leave Entitlements 26 32.5.3 Superannuation 26 32.5.4 Employees leaving during notice 26 32.5.5 Employees Exempted 26 32.6. Transfer of Business 27 PART III - REMUNERATION AND RELATED MATTERS 27 33.

  • Provided that the employee’s Redundancy Pay will be reduced by the amount that the total due to be paid to the employee for pay in lieu of notice and Redundancy Pay exceeds two years Salary and one month’s payment in lieu of Notice, or in the case of an employee who is over 45 years of age exceeds two years Salary, one month and one week’s payment in lieu of Notice.

  • Redundancy Pay Year(s)/Part Year 4 weeks Each completed year 3 weeks Each completed 9 months 2 weeks Each completed 6 months 1 week Each completed 3 months The maximum payment for redundancy will be 104 weeks.

  • The employee is entitled to receive the benefits and payments they would have received under Clause 7.8 - Redundancy Pay Entitlements had they remained in employment until the expiry of the notice, but is not entitled to payment instead of notice.

  • The casual employee is entitled to pro-rata Redundancy payments as set out under Clause 10, Termination / Redundancy Pay, of this Agreement.


More Definitions of Redundancy Pay

Redundancy Pay means redundancy pay to which a
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Related to Redundancy Pay

  • Redundancy means a situation where an employee ceases to be employed by the employer other than for reasons of misconduct or refusal of duty. Redundant has a corresponding meaning.

  • Severance means the complete separation and dismemberment of the part from the body.

  • Compensatory mitigation means types of mitigation used to replace project-induced critical area and buffer losses or impacts.

  • Cafeteria plan means a written plan under which all participants are employees, and the participants may choose among two or more benefits consisting of cash and qualified benefits.

  • Recoverable Incentive Compensation means Incentive Compensation received by a Covered Officer during the Lookback Period that exceeds the amount of Incentive Compensation that would have been received had such amount been determined based on the Accounting Restatement, computed without regard to any taxes paid (i.e., on a gross basis without regard to tax withholdings and other deductions). For any compensation plans or programs that take into account Incentive Compensation, the amount of Recoverable Incentive Compensation for purposes of this Policy shall include, without limitation, the amount contributed to any notional account based on Recoverable Incentive Compensation and any earnings to date on that notional amount. For any Incentive Compensation that is based on stock price or TSR, where the Recoverable Incentive Compensation is not subject to mathematical recalculation directly from the information in an Accounting Restatement, the Administrator will determine the amount of Recoverable Incentive Compensation based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or TSR upon which the Incentive Compensation was received. The Company shall maintain documentation of the determination of that reasonable estimate and provide such documentation to the Exchange in accordance with the Listing Standards.