Redundancy entitlements Sample Clauses
The redundancy entitlements clause defines the rights and benefits an employee is entitled to receive if their position is made redundant. Typically, this clause outlines the calculation of redundancy pay based on factors such as length of service, notice periods, and any additional compensation or support, like outplacement services. Its core function is to ensure employees are treated fairly and compensated appropriately in the event of job loss due to redundancy, providing financial security and clarity for both parties.
Redundancy entitlements. (a) Each month, the Employer will pay $80.00 per week (pro-rata for part time) to each Employee, for each week of service which that Employee completed on the Project, into an Approved Worker Entitlement Fund such as:
(1) CIRTQ – for electrical and instrumentation Employees and Storepersons ($70.00 per week (initially) into CIRTQ and $10.00 per week (initially) into Jetco, the CIRTQ related benefits fund).
Redundancy entitlements. Redundancy provision payments will be made in accordance with the NSW Government’s Managing Excess Employees Policy or its replacement should a new policy be determined.
Redundancy entitlements. 15.1 Redundancy or redundant means the termination or cessation of employment of an Employee for any reason. In respect of redundancy benefits:
(a) The Company agrees to make redundancy contributions of $ 55.00 per week or pro rata for any time worked less than a week in respect of Employees (except casuals) covered by this agreement into the Australian Construction Industry Redundancy Trust (ACIRT). The entitlement for apprentices shall be in accordance with Appendix F (b An Employee is entitled to access his/her redundancy payments when they cease to be employed by the Company.
Redundancy entitlements. An employee who is made redundant will receive 4 weeks severance pay for each year of completed, continuous service. - A maximum payment of 50 weeks will be received if less than 45 years of age. - A maximum payment of 60 weeks will be received if greater than 45 years of age. An employee who is 50 years of age or over at the time of retrenchment will receive an additional 1 week pay for each complete year of service over the age of 50. An employee who has completed 12.5 years continuous service will receive an additional 1 week pay for each complete year from 12.5 years. - The employee will receive whichever payment is greater and is not entitled to both.
Redundancy entitlements. 23.1 Redundancy occurs where Shell Logistics has made a definite decision that it no longer wishes the job the employee has been doing done by anyone and that decision leads to the termination of employment of the employee, except where this is due to the ordinary and customary turnover of labour such as through resignation and retirement.
23.2 For the purposes of this Section, week's pay means an employee’s base rate of pay and excludes:
(a) overtime;
(b) penalty rates;
(c) disability allowances;
(d) shift allowances;
(e) special rates;
(f) fares and travelling time allowances;
(g) bonuses; and
(h) any other ancillary payments of a like nature.
23.3 Where an employee is to be terminated due to redundancy, Shell Logistics must provide him or her with the period of notice specified in clauses 22.3 and 22.4 and may elect to pay the employee in lieu of all or part of the required period of notice.
23.4 An employee provided with notice of termination of employment due to redundancy may elect to finish employment within the notice period without penalty, but will not be paid in lieu for the period of notice not served.
23.5 Where an employee is transferred to lower paid duties by reason of redundancy:
(a) the same period of notice must be given to the employee as if his or her employment had been terminated; and
(b) Shell Logistics may elect to pay the employee the difference between his or her former base rate of pay and the new base rate in lieu of all or part of the period of notice.
23.6 An employee whose employment is terminated by reason of redundancy will be paid a severance payment in relation to years of service with the Company as follows: Employee’s continuous service Entitlement For the first completed year of service: 4 weeks For each year thereafter: 2 weeks Total redundancy payment is capped at 26 weeks.
23.7 Severance payments will be at the employee’s base rate of pay for his or her ordinary hours of work for each week.
23.8 Where acceptable alternative employment is found for a redundant employee, Shell Logistics may vary the severance payment payable to the employee, subject to the employee being no worse off financially than if he or she had been paid the severance payment without any alternative employment.
23.9 In the event of a transmission of business the severance payment set out in clause
Redundancy entitlements. Entitlement Qualifying Period
Redundancy entitlements. An employee is entitled to the following redundancy pay, subject to any minimum amount the employee is entitled to under the NES:
Redundancy entitlements. 23.1 In the event that one or more positions are no longer required by Shell Logistics and no suitable alternative or equivalent position can be found for one or more of the employees who filled the former position or positions, all or some of those employees may be retrenched.
23.2 Shell Logistics shall provide any employee to be retrenched with notice in accordance with clause 22.3 and, if applicable, clause 22.4.
23.3 An employee who is retrenched will be paid a severance payment in relation to years of service with the Company as follows: Employee’s continuous service Entitlement For the first completed year of service: 4 weeks For each year thereafter: 2 weeks Total redundancy payment is capped at 26 weeks.
23.4 Severance payments will be at the employee’s base rate of pay for his or her ordinary hours of work for each week.
23.5 In the event of a transmission of business the severance payment set out in clause
Redundancy entitlements. This Agreement provides more favourable entitlements than the NES relating to notice, consultation, and redundancy pay in the event of redundancies for Teachers and Professional Support Staff – see clauses 26 and 42 of this Agreement. 10.8
Redundancy entitlements. This Agreement provides more favourable entitlements than the NES relating to notice and consultation in the event of redundancies – see Clause 24 of this Agreement in respect to teachers. Notice of Termination of Employment This Agreement provides more favourable entitlements than the NES relating to notice of termination of employment for teachers and for general staff with not more than 1 years’ service – see Clause 23 in respect of teachers and Clause 44 in respect of general staff.