Benefits Provided for Laid Off Employees. Subject to the terms and conditions of the Plan as herein set out each eligible employee who is laid off from the Bargaining Unit shall receive in addition to any wages earned in the week a benefit from the Plan for each week of layoff calculated by determining the product of items 1, 2 and 3 below and deducting from such product the sum of item 4 below.
Benefits Provided for Laid Off Employees. Subject to the terms and conditions of the Plan as herein set out, each eligible employee who is laid off from the Bargaining Unit shall receive, in addition to any wages earned in the week, a benefit from the Plan for each week of layoff calculated by determining the product of items (1), (2) and (3) below and deducting from such product the sum of item (4) below: Seventy (70) percent for eligible employees as herein above defined. The straight time hourly rate of the employees in effect as of time of layoff. The excess of forty (40) over the compensated and available hours of the employee. The actual benefit, if any, for which such employee is eligible under the Employment Insurance Act for such week.
Benefits Provided for Laid Off Employees. Subject to the terms and conditions of the Plan as herein set out, each eligible employee who is laid off from the bargaining unit shall receive in addition to his wages for the week a benefit from the Plan for each week of lay off calculated by determining the product of items 1, 2 and 3 below and deducting from such product the amount of item 4 below. However under no circumstances will the total of Employment Insurance, Guaranteed Wage Plan (G.W.P.) and any earnings exceed ninety-five percent (95%) of the Employees’ gross weekly earnings. Should this total exceed the 95% as calculated above, then the G.W.P. payment will be reduced to conform to this requirement.
