FACTORY CLOSURE. 26.01 (a) In the event of the complete and permanent closure of all the Company’s production lines at its factory in Trenton, an employee who does not accept transfer in or to another Nestlé factory in the province of Ontario and is released from employment as a result thereof, shall be entitled to severance pay based on the following: Service Severance Less than 5 years 1 week’s pay for each completed year of service. 5 years but less than 10 1.25 weeks’ pay for each completed year of service. 10 years but less than 25 years 1.50 weeks’ pay for each completed year of service. 25 years plus 2 weeks’ pay for each completed year of service.
FACTORY CLOSURE a) In the event of the complete and permanent closure of all the Company's production lines at its factory in Trenton, an employee who does not accept transfer in or to another Nestle factory in the province of Ontario and is released from employment as a result thereof, shall be entitled to severance pay based on the following: Service Severance Less than years weeks pay for each completed year of service. years but less than O years O years but less than years years plus weeks pay for each completed year of service. weeks pay for each completed year of service. weeks pay for each completed year of service up to a maximum of weeks years of service shall be prorated to the nearest month. Each week of severance pay for full-time employees shall be calculated by multiplying the employee's regular straight time hourly rate at the time of termination by Severance pay for part-time employees shall be based on the average number of hours worked per week based on the previous twelve months prior to ratification or termination. Severance payments shall not be made:
FACTORY CLOSURE a) In the event of the and permanent closure of all the Company's production lines at its factory in Trenton, an employee who does not accept transfer in or to another factory in the province of Ontario and is released from employment as a result thereof, shall be entitled to severance pay based on the following: Service O years but less Severance week's pay for each completed year of service. weeks' pay for each completed year of service. weeks' pay for each completed year of service. weeks' pay for each completed year of service. Incomplete years of service shall be prorated to the nearest month. Each week of severance pay for full-time employees shall be calculated by multiplying the employee's regular straight time hourly rate at the time of termination by Severance pay for part-time employees shall be based on the average number of hours worked per week based on the previous twelve months prior to ratification or termination. Severance payments shall not be made:
