Common use of Eligibility for Severance Pay Upon Layoff Clause in Contracts

Eligibility for Severance Pay Upon Layoff. A. If an employee is laid off for any reason he/she will receive severance pay in the amount of one (1) months’ pay per year of service or portion thereof, provided that any employee with one (1) or more years of service shall receive at least two (2) months’ pay, up to a maximum of twelve (12) months.

Eligibility for Severance Pay Upon Layoff. A. A . If an employee is laid off for any reason reason, he/she will receive severance pay in the amount of one (1) months’ month’s pay per year of service or portion thereof, provided that any employee with one (1) or more years of service shall receive at least two (2) months’ pay, up to a maximum of twelve (12) monthsmonths .

Eligibility for Severance Pay Upon Layoff. A. If an employee is laid off for any reason he/she will receive severance pay in the amount of one (1) months’ month’s pay per year of service or portion thereof, provided that any employee with one (1) or more years of service shall receive at least two (2) months’ months pay, up to a maximum of twelve (12) months.

Eligibility for Severance Pay Upon Layoff. A. A . If an employee is laid off for any reason he/she will receive severance pay in the amount of one (1) months’ pay per year of service or portion thereof, provided that any employee with one (1) or more years of service shall receive at least two (2) months’ pay, up to a maximum of twelve (12) monthsmonths .