Common use of Basis of Severance Payment Clause in Contracts

Basis of Severance Payment. Full-time qualifying employees hired on or before January 1, 2004, at the time of their retirement, shall have their choice of one of the two Options listed below for calculation of their severance payment.

Basis of Severance Payment. FullFor full-time qualifying employees hired on or before January 1, 2004employees, at the time of their retirement/resignation, qualifying employees shall have their choice of one of the two Options listed below for calculation of their severance payment.

Basis of Severance Payment. Full-time qualifying employees hired on or before January 1, 2004employees, at the time of their retirement, shall have their choice of one of the two Options listed below for calculation of their severance payment.