Calculation of Severance Allowance Monies. (a) Severance allowance monies for regular full-time and regular part-time employees shall be calculated on the basis of one (1) week’s pay for every two (2) years of service to a maximum of twenty (20) weeks’ pay. Proportionate payments shall be paid for service less than two
Appears in 9 contracts
Samples: Collective Agreement, Memorandum of Agreement, Memorandum of Agreement
Calculation of Severance Allowance Monies. (a) Severance allowance monies for regular full-time and regular part-time employees shall be calculated on the basis of one (1) week’s pay for every two (2) years of service to a maximum of twenty (20) weeks’ pay. Proportionate payments shall be paid for service less than twotwo (2) years as calculated in the following example: If an employee has fifteen (15) years’ service and 1,000 into their sixteenth (16th) year, they shall be entitled to:
Appears in 6 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Calculation of Severance Allowance Monies. (a) Severance allowance monies for regular full-time and regular part-time employees shall be calculated on the basis of one (1) week’s pay for every two (2) years of service to a maximum of twenty (20) weeks’ pay. Proportionate payments shall be paid for service less than twotwo (2) years.
Appears in 3 contracts
Samples: Kiwanis Village Lodge, Collective Agreement, Collective Agreement
Calculation of Severance Allowance Monies. (a) Severance allowance monies for regular full-time and regular part-time employees shall be calculated on the basis of one (1) week’s 's pay for every two (2) years of service to a maximum of twenty (20) weeks’ ' pay. Proportionate payments shall be paid for service less than two
Appears in 1 contract
Samples: Collective Agreement
Calculation of Severance Allowance Monies. (a) Severance X. Xxxxxxxxx allowance monies for regular full-time and regular part-time employees shall be calculated on the basis of one (1) week’s pay for every two (2) years of service to a maximum of twenty (20) weeks’ pay. Proportionate payments shall be paid for service less than twotwo (2) years.
Appears in 1 contract
Samples: Collective Agreement
Calculation of Severance Allowance Monies. (a) Severance allowance monies for regular full-time and regular part-time employees shall be calculated on the basis of one (1) week’s pay for every two (2) years of service to a maximum of twenty (20) weeks’ pay. Proportionate payments shall be paid for service less than twotwo (2) years as calculated in the following example: If an employee has fifteen (15) years’ service and 1000 hours into her/his sixteenth (16th) year, she/he shall be entitled to:
Appears in 1 contract
Samples: Memorandum of Agreement
