Layoff Allowance Pay. Section 1 - Allowance Pay Schedule. Layoff allowance pay for an employee terminated on account of reduction in force or medical termination shall be in accordance with the following schedule: Service Credit Allowance Pay Under 1 year No allowance 1 year up to 20 years 1 week for each year of service (20 weeks maximum) 21 years to 30 years 1 week for each year (25 weeks maximum). 31 years and greater 30 weeks maximum. Any current employee with 35 years or greater company service on or before June 30, 2013 will receive severance according to this formula: 10 years 5 weeks (or 200 hours) 1 week (or 40 hours) for each added year of service.
Layoff Allowance Pay. Layoff allowance pay for employees terminated by the Company on account of reduction in force shall be in accordance with the following schedule: Service Credit Allowance Under 12 weeks No allowance 12 weeks – 1 year Same proportion of 1 week’s pay as completed months of service are of 12 months 1 – 3 years 1 week (40 hours) 3 – 5 years 2 weeks (80 hours) 5 – 7 years 3 weeks (120 hours) 7 – 10 years 4 weeks (160 hours) 10 years 5 weeks (200 hours) For current CAS employees hired before September 8, 2014 (including Company employees subsequently transferred to CAS with a Company service date prior to September 8, 2014): 11 years or more Same as 10 years plus 1 week (40 hours) for each added year of service For employees hired on or after September 8, 2014: 11 years or more Same as for 10 years plus 1 week (40 hours) for each added year of service up to 25 years. No employee would receive more than 20 weeks pay irrespective of total years of service. Employees who fail to meet the medical qualification standards as set by the Company using the guidelines of the EJTA, job description, and guidance of the UT-Battelle, LLC medical provider, and are subject to medical termination, shall qualify for Layoff Allowance in accordance with the schedule above. The Layoff Allowance will be paid at the point of transition from Short Term Disability to Long Term Disability. Such termination does not afford the employee any recall rights. A former employee who is rehired and subsequently laid off will receive layoff allowance based on his/her most recent rehire date.
Layoff Allowance Pay. Layoff allowance pay for employees terminated by the Company on account of a RIF shall be in accordance with the following schedule: Company Service Severance pay at base rate 1 full year or greater Severance equal to 1 week’s pay for each full year of Company Service up to 26weeks. Total Maximum Benefit 26 weeks pay Employees who fail to meet the medical qualification standards as set forth in Title 10 Code of Federal Regulations, Part 1046, Physical Protection of Security Interests, and are subject to medical termination, shall qualify for Layoff Allowance in accordance with the schedule above. A former employee who is rehired and subsequently laid off will receive layoff allowance based on his/her most recent rehire date.
Layoff Allowance Pay. Section 1 - Allowance Pay Schedule ...................... Section 2 - Rehired Termination............................. Section 3 - Contractor Change ................................ Article XVII - Disability Pay ...................................... Section 1 - Short Term Disability Plan ................... Section 2 - Long Term Disability Plan ................... Section 3 - Conditions of Payment ......................... Section 4 - Administration of Plans ........................ Section 5 - Company Service Credit During Approved Non-occupational or Occupational Absences.........................................
Layoff Allowance Pay. If the CAS Operator is displaced due to a failure to successfully pass the CAS Certification test, the Company will offer remedial training and the opportunity to requalify. The employee must pass the second attempt to remain qualified as a CAS Operator.
