Amount and Payment of Benefit. An eligible employee's total lump 25 sum or income continuation benefit shall equal one (1) week of pay based on the 26 employee’s base salary at the time of layoff (but excluding any shift differentials 27 or other premiums) for each full year of Company service as of the employee's 28 layoff date, subject to a maximum benefit of twenty-six (26) weeks of pay. Eligible 29 employees may elect either of the following:
Appears in 2 contracts
Samples: www.speea.org, www.speea.org
Amount and Payment of Benefit. An eligible employee's ’s total lump 25 sum 26 or income continuation benefit shall equal one (1) week of pay based on the 26 employee’s base 27 salary at the time of layoff (but excluding any shift differentials 27 or other premiums) for 28 each full year of Company service as of the employee's 28 ’s layoff date, subject to a maximum 29 benefit of twenty-six (26) 26 weeks of pay. Eligible 29 employees may elect either of the following:: 30
Appears in 1 contract
Samples: Collective Bargaining Agreement
Amount and Payment of Benefit. An eligible employee's ’s total lump 25 sum 26 or income continuation benefit shall equal one (1) week of pay based on the 26 employee’s base 27 salary at the time of layoff (but excluding any shift differentials 27 or other premiums) for 28 each full year of Company service as of the employee's 28 ’s layoff date, subject to a maximum 29 benefit of twenty-six (26) 26 weeks of pay. Eligible 29 employees may elect either of the following:
Appears in 1 contract
Samples: Collective Bargaining Agreement
Amount and Payment of Benefit. An eligible employee's total lump 25 sum or income 24 continuation benefit shall equal one (1) week of pay based on the 26 employee’s base salary at the time of layoff 25 (but excluding any shift differentials 27 or other premiums) for each full year of Company service as of the 26 employee's 28 layoff date, subject to a maximum benefit of twenty-six (26) 26 weeks of pay. Eligible 29 employees may elect 27 either of the following:: 28
Appears in 1 contract
Samples: Collective Bargaining Agreement
Amount and Payment of Benefit. An eligible employee's total lump 25 sum or income 24 continuation benefit shall equal one (1) week of pay based on the 26 employee’s base salary at the time of 25 layoff (but excluding any shift differentials 27 or other premiums) for each full year of Company service 26 as of the employee's 28 layoff date, subject to a maximum benefit of twenty-six (26) 26 weeks of pay. Eligible 29 employees 27 may elect either of the following:: 28
Appears in 1 contract
Samples: Collective Bargaining Agreement
