Common use of FACTORY CLOSURE Clause in Contracts

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. 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.