Extension of Benefits for Employees on Lay-Off Clause Samples
The "Extension of Benefits for Employees on Lay-Off" clause ensures that employees who are temporarily laid off continue to receive certain benefits, such as health insurance or pension contributions, for a specified period during their layoff. Typically, this clause outlines which benefits are maintained, the duration of the extension, and any conditions or limitations that apply, such as the requirement for the employee to remain available for recall. Its core practical function is to provide financial and health security to employees during periods of temporary unemployment, reducing hardship and maintaining workforce stability.
Extension of Benefits for Employees on Lay-Off. The Company shall continue pension benefits by remitting the contribution rate defined in the Collective Agreement as specified herein for any member who is off work due to lay-off for a period of one (1) months following the date of each lay-off. The Company shall not continue Pension Benefits for any employee taking an unpaid leave of absence. A summary of the Pension Plan is attached, for information purposes only, as Schedule 2. The Company is only responsible for the monthly contributions as described above and for providing the information required to administer the Pension Plan.