Computation of Severance Pay. (i) An employee with one or more but less than fifteen years of continuous service will, in accordance with the provisions set forth above, be eligible for Severance Pay computed on the basis of one and 1/2 week’s pay for each of the employee’s full years of continuous service plus 3/8 of a week’s pay for each additional 3 months of continuous service at the time of termination; provided that the amount of the Severance Pay benefit as computed under this paragraph shall be subject to a minimum benefit equal to 4 weeks’ pay.
(ii) An employee with fifteen or more years of continuous service will, in accordance with the provisions set forth above, be eligible for Severance Pay computed on the basis of two weeks’ pay for each of the employee’s full years of continuous service plus 1/2 of a week’s pay for each additional 3 months of continuous service at the time of termination.
Computation of Severance Pay. The combined total of severance pay days shall not be greater than 100, and shall be determined as follows:
Computation of Severance Pay. An employee with two or more years of continuous service will, in accordance with the provisions hereinafter set forth; have available Severance Pay computed on the basis of one (1) week’s pay for each of the employee’s full years of continuous service with a minimum of two week’s pay for employees with two or more years of service, minimum $2400.
Computation of Severance Pay. For the purposes of this Article, only service within a bargaining unit represented by USU, as defined in Article I of this Agreement, shall be counted in computing an employee's length of service and entitlement to severance pay. An employee's entitlement to severance pay, if any, shall not arise until the employee leaves the employment of AFSCME.
