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 Lay-Off calculated by determining the product of and below and deducting from such product the amount of Seventy percent (70%) for eligible employees as herein above defined. The straight time hourly rate of the employee in effect as of time of layoff.
Appears in 1 contract
Samples: Collective Agreement
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 laid off from the bargaining unit Bargaining Unit shall receive in addition to any wages earned in the week a benefit from the Plan for each week of Laylay-Off off calculated by determining the product of items and below and deducting from such product the amount sum of item below. Seventy percent (70%) for eligible employees as herein above hereinabove defined. The straight time hourly rate of the employee in effect as of time of layoff.
Appears in 1 contract
Samples: Collective Agreement
Benefits Provided for Laid Off Employees. Subject to the terms and conditions of the Plan as herein set out each eligible employee Eligible Employee who is Laid-Off laid off from the bargaining unit Bargaining Unit shall receive in addition to any wages earned in the week a benefit from the Plan for each week of Lay-Off layoff calculated by determining the product prod- uct of items (a), and below and deducting from such product the amount sum of Seventy percent (70%) for eligible employees as herein above defined. The straight time hourly rate of the employee in effect as of time of layoffitem below.
Appears in 1 contract
Samples: Collective Bargaining Agreement
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 laid off from the bargaining unit Bargaining Unit shall receive in addition to any wages earned in the week a benefit from the Plan for each week of Lay-Off layoff calculated by determining the product of items and below and deducting from such product the amount of Seventy percent (70%) for eligible employees as herein above defined. The straight time hourly rate of the employee in effect as of time of layoff.sum of
Appears in 1 contract
Samples: Collective Bargaining Agreement