Calculation of Severance. 1. Salary on which severance pay is calculated shall be based on the employee's rate of pay on the last day worked multiplied by the number of hours the employee would normally work. 2. An employee who is laid off as a result of declining enrollment shall receive severance pay as outlined. 3. The employee may elect to receive severance at any time during the first twenty (20) working days after being notified that a bump has been approved or the employee has notified the employer that the employee will go on the recall list, whichever is the earlier.
Appears in 4 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
