Layoff Severance Pay Sample Clauses

Layoff Severance Pay. A Regular Employee who has received written notice of layoff shall, within five (5) calendar days, elect to: (1) exercise their seniority rights for bumping purposes; or (2) accept layoff. If the employee accepts layoff, the employee shall, within thirty (30) calendar days from the effective date of layoff, elect to: (1) either retain seniority rights of layoff and recall; or (2) accept severance pay. Upon acceptance of severance pay all seniority rights to recall under the Agreement are terminated; or upon acceptance of retention of seniority rights of layoff and recall all rights to severance pay under these provisions are terminated. Entitlement to, and severance pay for each Regular Employee will be as follows: (1) three (3) days' pay for each calendar year of service up to and including five (5) calendar years of service; (2) thereafter, five (5) days' pay for each calendar year of service; (3) the maximum number of days' pay for severance will be ninety (90) days' pay. Part‐time service shall be calculated on a pro‐rata basis. Salary upon which severance pay is calculated shall be based on the employee's salary at the effective date of the employee’s termination.
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Layoff Severance Pay. Professional employees whose contracts are not renewed due to lack of work shall be entitled to a severance benefit under the following conditions: 1. A lump sum payment of ten (10) days of per diem pay shall be given to employees with less than (5) years of service in the Centennial School District; 2. A lump sum payment of twenty (20) days of per diem pay shall be given to employees with five (5) or more years of service in the Centennial School District. 3. The lump sum payment shall be paid on September 15, unless the professional employee has been recalled. If such recall occurs prior to September 15, then no payment will be made.
Layoff Severance Pay. Each HP shall be entitled to four (4) weeks notice, or four (4) weeks severance pay in the absence of such notice, or payment for the pro-rated portion of the notice period during which the services of the HP were not required. In addition, each HP will be given one (1) week's severance pay for each year of continuous service (pro-rated for partial years and for part time employees hired to work 20+ hours per week) in the event of layoff. This provision is exclusive of payment for accrued vacation leave. Total severance pay shall not exceed ten (10) weeks pay in addition to pay in lieu of notice.
Layoff Severance Pay. An employee shall not be laid off without advance notice of termination, or pay in lieu of notice, in accordance with the following schedule: 1st year including probationary period 1 2nd and 3rd years 2 4th and 5th years 3 6th and 7th years 4 8th thru 10th years 5 11th thru 15th years 6 16th thru 20th years 8 21st + 12 The University will notify the Union in advance of any planned layoff or recall and will meet with the Union to discuss the layoff and recall.
Layoff Severance Pay. If there are location specific competencies attached to the position bumped into, the employee must, in the sole determination of SRH, be able to successfully perform the duties at the new cost center or department after 80 hours of work. If the employee is not able to perform successfully the employee will have the choice of (1) to be laid off and remain on the recall list in accordance with Article 7.3 Layoff Recall, or (2) to take severance in accordance with Article 7.4 Layoff Severance Pay, or (3) to apply for an open vacant position.
Layoff Severance Pay. A. In the event of layoff of a bargaining unit employee with over three (3) years seniority, the employee will receive severance pay according to the following schedule. No layoff severance pay is due or payable until the employee has been on layoff for 30 consecutive calendar days. No employee shall receive severance pay when the layoff is due to causes beyond the control of the Company such as, but not limited to, the following examples: fire, flood, explosion, bombing. B. In the event of a layoff, a senior employee has the option to volunteer for layoff to inactive status and agrees to forego recall rights as specified in Article VIII, Section 7 A-D. The Company has the right of refusal based on operational needs. The Company will not challenge the unemployment compensation application of employees who accept voluntary layoff. X. Xxxxxxxxx Pay Schedule 22+ $20,000 plus (2)months addition medical
Layoff Severance Pay. Upon completion of the probationary period, any full-time or part-time employee subject to layoff may elect to voluntarily terminate employment with SRH and receive severance pay as set forth below. Any employee electing this option shall not have recall rights under this Article 7.
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Layoff Severance Pay. A. Seniority shall be based on service with the Company from the date of first employment. Seniority for part-time service will be pro-rated. B. For all layoffs (severance of employment without the intent to replace the Employee(s) dismissed), the Company shall notify both the Union and the Employee(s) involved in writing at least four (4) weeks in advance of the proposed layoff(s) of full- time Employees and at least two (2) weeks in advance of the proposed layoff(s) of part- time Employees. At the Union's request, the Company agrees to meet immediately with the Union to discuss the proposed layoff provided that such meeting is held not later than fourteen (14) calendar days from the date the Union has been notified of the proposed layoff of the full-time Employee and not later than seven (7) calendar days from the date the Union has been notified of the proposed layoff of a part-time Employee. A full-time Employee may not be severed from the payroll sooner than thirty (30) calendar days from the date the Union was first notified and a part-time Employee may not be severed from the payroll sooner than two (2) weeks from the date the Union was first notified. C. Each layoff shall be made in reverse order of seniority except in circumstance where the Company can demonstrate that a less senior Employee has an appreciable and increased ability to perform the duties required by the Company. D. In the event of a layoff, if the Employee laid off had been, prior to his/her layoff, in the employ of the Company for a period of two (2) years and if at any time within one (1) year for full-time Employees and within six (6) months for part-time Employees of the date of said layoff a vacancy occurs for the same position said Employee held at the time of the layoff, the Employee so laid off shall be re-employed or if more than one Employee is laid off, such Employees shall be employed in order of their seniority as Employees prior to their layoff. This provision shall not apply if such Employee is unavailable. Such Employee shall be deemed unavailable if within five (5) business days after written notice by the Company of the availability of the vacancy he/she does not respond to such notification or does not accept such offer of re-employment. Said Employees response must indicate that he/she is available to report to work no later than three (3) weeks from the date of notice by the Company. In the event that an Employee does not accept an offer of re-employment, he/sh...
Layoff Severance Pay. 13.01 An employee who has one (1) year or more of continuous employment and who is laid off shall be paid severance pay at the time of layoff in the amount of two(2) weeks of pay for the first year of service and one (1) week for each year of continuous employment after the first year, to a maximum of twenty five (25) weeks’ severance pay.. 13.02 Severance pay shall be prorated in respect to any period of continuous employment, which is less than a complete year.
Layoff Severance Pay. An employee shall be entitled to four (4) weeks’ notice, or four
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