Layoff Severance. In the event a permanent employee is laid off as a result of the application of the above paragraphs, said employee shall receive the following severance package:
Layoff Severance. Laid-off regular bargaining unit employees shall receive two
Layoff Severance. Upon dismissal from employment due to a reduction-in-force, as described in Section 3 of Article XIX, an employee of INDG shall receive severance pay at the rate of one and one-half (1.5) week’s pay for each six (6) months of continuous employment, with a minimum of six (6) weeks and maximum of fifty-two (52) weeks. Severance pay shall be based on the employee’s base rate of pay for the regular workweek preceding termination of employment.
Layoff Severance. A. Any bargaining unit employee who is laid off shall, upon execution of a standard Company severance and release agreement, receive gross severance in the amount of two (2) weeks of severance per year of service with a with a minimum of four (4) weeks of severance, and a maximum of forty (40) weeks of severance. In the event of a layoff, the Company shall provide either two (2) weeks’ notice or pay in lieu of to impacted bargaining unit employees.
Layoff Severance. A. Notice
Layoff Severance. Any bargaining unit employee permanently laid off due to a lack of work shall receive one hundred and sixty (160) hours of severance pay at their straight time hourly rate. As a precaution of receiving severance pay, the employee must sign a waiver and release of all claims in favor of the Employer. Notwithstanding the foregoing, no severance pay shall be due and owing to any employee in those cases where a successor contractor or subcontractor takes over operation or administration of the KC-46 ATS contract at XxXxxxxxx Air Force Base.
Layoff Severance. In the event of a layoff, employees will be eligible for the following severance: • One (1) week after completing introductory period. • Two (2) weeks after two (2) years of service.
