ARTICLE SEVERANCE PAY Sample Clauses

ARTICLE SEVERANCE PAY. In the event an employee has his employment terminated as a direct result of the closing of the plant, he will be paid severance pay of one week of regular pay for each year of continuous service. Starting with the fourth year to a maximum of twenty-six (26) years. No employee will qualify for severance pay if he is able to exercise his seniority rights within the plant or if he is offered employment elsewhere in the Company in the Kitchener area, or if the closing results
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ARTICLE SEVERANCE PAY. If an employee loses his employment with the Company due to plant closing the employee shall be compensated on the basis of one week’s pay for each year of continuous service, up to a maximum of twenty-six (26) weeks. In the event of a plant closure within the first year of this agreement it is agreed the Employer shall pay to all employees one (1) additional week severance in addition to This Agreement shall become effective on February and shall remain in effect until the February and year to year thereafter unless in any year not more than sixty (60) days and not less than thirty (30) days, before the end of any yearly period, either party shall furnish the other with notice of termination of, or proposed revision of, this Agreement. Notice of revision shall set forth the nature of the proposed amendments to this Agreement.
ARTICLE SEVERANCE PAY. Any full-time employee with one (1) year of service or more whose employment is terminated by the Company as a direct result of the closing of the Plant shall receive one (1) weeks pay for each completed year of service. A week's pay consists of the regular scheduled hours at straight time hourly rates. Employees will not qualify for payment of severance pay if the closing results from:
ARTICLE SEVERANCE PAY. (a) An employee who has between ninety (90) days of continuous employment and up to three (3) years of continuous employment and who is laid off is entitled to be paid Severance Pay at the time of lay-off in the amount of two (2) weeks of pay. For each year of continuous employment following three (3) years the employee shall receive an additional week’s pay up to the maximum of a total of eight (8) weeks of pay. Payment shall be prorated in respect of any period of continuous employment which is less than a complete year.
ARTICLE SEVERANCE PAY. In the event an employee has his employment terminated as a direct result of the closing of the plant, he will be paid severance pay of one week of regular pay for each year of continuous service. Starting with the fourth year to a maximum of twenty-six (26) years. No employee will qualify for severance pay if he is able to exercise his seniority rights within the plant or if he is offered employment elsewhere in the Company in the Kitchener area, or if the closing results from: Loss of business; Fire, flood, strike, or any other circumstance beyond the control of the Company An employee who accepts severance pay shall have no further claim to employment with the Company. A terminating employee qualifying for severance pay under the terms of this Article who may also become entitled to severance pay in lieu of notice under Government legislation, will receive either the severance pay provided herein, or the severance pay provided by legislation, whichever is greater, but not both. Article SCHEDULES Attached hereto and forming part of this Agreement are the following schedules: Schedule "A" Hours of Work, Paid Holidays and General Working Conditions, etc.; Schedule Classifications and Rates applicable thereto, and Overtime Provisions; Schedule Vacations with Pay; Schedule Benefits; Schedule "E' Transport Drivers. Schedule Maintenance
ARTICLE SEVERANCE PAY. An employee with one year or more of continuous service with the Company who is subject to lay-off for reasons of economy, new or modified processes of equipment, production changes or curtailment of operation, other than for causes such as explosion, fire, flood, labour dispute within the Company, government regulations or “Act of God” will qualify for severancepay at the rate of one (1) week’s pay at his current rate for each year of continuous service. Seasonal employees included in Group E, F G will not be covered by severance pay provisions of unless lay-off is permanent. If an employee elects to accept severance pay, he may choose to have one-half of the amount due paid one month after the date of severance and the remainder paid at the end of the fourth month after severance, or to have the full amount of severance pay due paid six months after the date of severance. Acceptance by the employee of all severance pay due, will terminate his status as an employee. Such former employee will have recall rights for a period of twenty-four (24) months from the date of lay-off. The Company will advise the employee of recall to work by registered letter at their local address as shown on Company records, and the employee must return to work within days of such notice. If an employee is recalled after having received all of the severance pay due him, he will begin, as of the date of return, accumulating a new period of time which will be credited toward any future severance. If an employee is recalled after having received a part of the severance pay due him, he will, upon return to work, retain the right to the unpaid portion if laid off a second time. He will begin accumulating again a new period of time which will, in addition, be credited toward any future severance. ARTICLE VACATION WITH
ARTICLE SEVERANCE PAY. In recognition of length of service and subject to Articles and when employment terminates with the Corporation, employees will receive severance benefits calculated on the basis of their weekly rates of pay, as follows:
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ARTICLE SEVERANCE PAY. Under the following circumstances and subject to Clause a continuing employee shall receive severance benefits calculated on the basis of his weekly rate of pay:
ARTICLE SEVERANCE PAY. An employee who has one year or more of continuous employment and is laid off is entitled to be paid severance pay at the time of lay off. Severance pay shall be two (2) weeks pay for the first complete year of continuous employment, two (2) weeks pay for the second complete year of continuous employment and one (1) weeks pay for each succeeding complete year of continuous employment, to a maximum of twelve (12) weeks, less any severance pay previously received for other occasions of lay off. For the purposes of this section, continuous employment shall begin with the later of August or the employee’s commencement date.
ARTICLE SEVERANCE PAY. An employee who is on a permanent full-time appointment with the Board whose position is terminated and the employee has not been reassigned to another position may elect to receive severance pay at any time up to the end of the recall period which is defined as one (1) year. Service of permanent part-time employees shall be prorated to full terms, or full time if twelve (12) month. Severance pay shall be calculated at the rate of five per cent (5%) of one (Iy)ear's salary for each year of service, or major portion thereof, to a maximum of one year's salary. A year's service is defined as being a school year for ten month employees, September through June, or twelve (12) continuous months of employment for twelve (12) month employees. Salary on which severance pay is calculated shall be the employee's basic salary at the time the employee received notice that the position occupied by the employee was to be terminated or made redundant. An employee who receives severance pay pursuant to this clause and who may be subsequently rehired by the Board shall retain any severance payment. The calculation of years of service on rehire for such employee shall commence from the date of the rehire.
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