Common use of Layoff Allowance Clause in Contracts

Layoff Allowance. (a) The accumulation of service for the purpose of calculating a layoff allowance shall continue after March 31, 2016 for all employees. (b) When an employee having continuous service of one year or more is laid off, the Employer shall pay such an employee a layoff allowance equal to five (5) days' pay for each full year of continuous service but not exceeding one hundred and twenty-five (125) days' pay at the employee's regular rate of pay. Such allowance for part-time employees will be pro-rated on the basis of time worked in relation to the hours normally worked by a full- time employee. (c) Where an employee is laid off, the layoff allowance shall be paid in a lump sum twelve (12) months after the date he was laid off, to the employee, his beneficiary, or estate as the case may be.

Layoff Allowance. (a) The accumulation of service for the purpose of calculating a layoff allowance shall continue after March 31, 2016 (date of signing) for all employees. (b) When an employee having continuous service of one year or more is laid off, the Employer shall pay such an employee a layoff allowance equal to five (5) days' pay for each full and partial year of continuous service but not exceeding one hundred and twenty-five (125) days' pay at the employee's regular rate of pay. Such allowance for part-time seasonal employees will be pro-rated on the basis of time worked in relation to the hours normally worked by a full- full-time employee. (c) Where an employee is laid off, the layoff allowance shall be paid in a lump sum twelve (12) months after the date he was laid off, to the employee, his beneficiary, or estate as the case may be.

Layoff Allowance. (a) The accumulation of service for the purpose of calculating a layoff allowance shall continue after March 31, 2016 for all employees. (b) When an employee having continuous service of one year or more is laid off, the Employer shall pay such an employee a layoff allowance equal to five (5) days' pay for each full year of continuous service and the prorated credit for partial years of continuous service but not exceeding one hundred and twenty-five (125) days' pay at the employee's regular rate of pay. Such allowance for part-time seasonal employees will be pro-rated on the basis of time worked in relation to the hours normally worked by a full- full-time employee. (c) Where an employee is laid off, the layoff allowance shall be paid in a lump sum twelve (12) months after the date he was laid off, to the employee, his beneficiary, or estate as the case may be.