Common use of Layoff Allowance Clause in Contracts

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: (a) the employee has remained on the recall list for one year from date of layoff and; (b) the employee has not refused reasonable alternate employment for which they are qualified, while on the recall list, offered by the employer; and (c) the allowance is based on the employee's salary as at the date of layoff 7.12.2 Subject to the conditions specified, employees not participating in XXXX who are laid off by the Board shall receive an allowance based on the following formula: After five (5) years of service: two (2) weeks' salary at the rate of pay immediately prior to retirement; After ten (10) years’ service: three (3) months' salary, plus one (1) month's salary for each additional three (3) years of service beyond ten (10), to a maximum of six

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: (a) the employee has remained on the recall list for one year from date of layoff and; (b) the employee has not refused reasonable alternate employment for which they are qualified, while on the recall list, offered by the employer; and (c) the allowance is based on the employee's salary as at the date of layoff 7.12.2 Subject to the conditions specified, employees not participating in XXXX who are laid off by the Board shall receive an allowance based on the following formula: After five (5) years of service: two (2) weeks' salary at the rate of pay immediately prior to retirement; After ten (10) years’ service: three (3) months' salary, plus one (1) month's salary for each additional three (3) years of service beyond ten (10), to a maximum of sixsix (6) months' salary. Payment of this allowance is subject to Article 7 - Layoff and Recall and is based on the following conditions: (a) the employee has remained on the recall list for one year from date of layoff and; (b) the employee has not refused reasonable alternate employment for which they are qualified, while on the recall list, offered by the employer; and (c) the allowance is based on the employee's salary as at the date of layoff.