Common use of Involuntary Lay Off Clause in Contracts

Involuntary Lay Off. i) A laid off employee hired on or before January 29, 2015 shall receive one (1) week of severance pay, equal to one (1) week of regular earnings, per year of service to a maximum of twenty-six (26) weeks. A laid off employee hired after January 29, 2015 shall receive two (2) weeks of severance pay, equal to two (2) weeks of regular earnings, per year of service to a maximum of fifty-two (52) weeks. ii) For the purposes of calculating the severance pay, months of service will be pro-rated to actual weeks of service as the case may be. iii) In the case of part-time employees regular earnings will be calculated by determining the average weekly regular wages earned by the employee in the sixteen (16) week period immediately preceding the date of layoff. iv) The total notice including pay in lieu plus severance shall not exceed seventy (70) weeks.

Involuntary Lay Off. i) A laid off employee hired on or before January 29, 2015 shall receive one one (1) week of severance pay, equal to one (11 ) week of regular earnings, per year of service to a maximum of twenty-six (26) weeks. A laid off employee hired after January 29, 2015 shall receive two (2) weeks of severance pay, equal to two (2) weeks of regular earnings, per year of service to a maximum of fifty-two (52) weeks. ii) For the purposes of calculating the severance pay, months of service will be pro-rated to actual weeks of service as the case may be. iii) In the case of part-time employees regular earnings will be calculated by determining the average weekly regular wages earned by the employee in the sixteen (161 6) week period immediately preceding the date of layoff. iv) The total notice including pay in lieu plus severance shall not exceed seventy (70) weeks.

Involuntary Lay Off. i) A laid off employee hired on or before January 29, 2015 shall receive one one (1) week of severance pay, equal to one (1) week of regular earnings, per year of service to a maximum of twenty-six (26) weeks. A laid off employee hired after January 29, 2015 shall receive two (2) weeks of severance pay, equal to two (2) weeks of regular earnings, per year of service to a maximum of fifty-two (52) weeks. ii) For the purposes of calculating the severance pay, months of service will be pro-rated to actual weeks of service as the case may be. iii) In the case of part-time employees regular earnings will be calculated by determining the average weekly regular wages earned by the employee in the sixteen (16) week period immediately preceding the date of layoff. iv) The total notice including pay in lieu plus severance shall not exceed seventy (70) weeks.