Layoff Allowance. 7.12.1 Subject to the conditions specified, employees participating in XXXX who are laid off by the Board shall receive an allowance based on the following formula: After 10 years’ service: 1 months’ salary After 15 years’ service: 2 months' salary After 20 years’ service: 3 months' salary Payment of this allowance is subject to Article 7 - Layoff and Recall and is based on the following conditions:
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Samples: Collective Agreement, cbe.ab.ca, tua.cbe.ab.ca