severance allowance definition

severance allowance. A regular employee who voluntarily resigns and is later rehired by an Employer covered by this Collective Agreement within one (1) year, shall have portability of length of service for the purposes of the severance allowance provision.
severance allowance means an amount calculated in accordance with section 46;
severance allowance means an amount of money calculated in accordance with section 70;

More Definitions of severance allowance

severance allowance means the aggregate gross amount of severance payments determined in accordance with Section 4(a) of this Plan to be paid to an Eligible Officer who is entitled to receive severance benefits under this Plan.
severance allowance means the amount of money that an employee whose employment has been terminated on account of severance of employment is entitled to receive under this Act;
severance allowance means the total Severance Allowance available to an Eligible Employee pursuant to the Plan.
severance allowance means an amount of money calculated in accordance with
severance allowance means any payment that is:
severance allowance means the allowance to which an employee is entitled under section 34;
severance allowance means the severance allowance described and specified in paragraph 5.2(b) hereof;