Common use of Five (5) to Ten (10) Years Clause in Contracts

Five (5) to Ten (10) Years. If the employee has five (5) years but less than ten (10) years of continuous service with the Employer, the employee shall be entitled to a lump sum payment equal to six (6) months pay at the rate of pay the employee was earning at the time the position became redundant or surplus.

Five (5) to Ten (10) Years. If the employee has five (5) years but less than ten (10) years of continuous service with the Employer, the employee shall be entitled to a lump sum payment equal to six (6) months months’ pay at the rate of pay the employee was earning at the time the position became redundant or surplus.