Common use of Notice and Severance Pay Clause in Contracts

Notice and Severance Pay. (a) Any regular employee who is laid off will receive written notice of layoff and severance pay as follows: i) employees who have less than three (3) years service with the Corporation since the last date of hire will receive two (2) calendar weeks written notice. ii) employees who have three (3) or more years service with the Corporation since the last date of hire will receive four (4) calendar weeks written notice. Any regular employee who has received written notice of layoff in accordance with the foregoing and who does not or is unable to elect bumping rights under Article 8.02 will be laid off with severance pay, subject to a maximum of fifty-two (52) weeks, as follows: i) three weeks pay for employees with up to two (2) full years service. ii) two weeks pay for each full year of service in excess of two (2) years, up to five (5) years. iii) three weeks pay for each full year of service in excess of five (5) years. (b) A regular employee who receives severance pay, if she/he returns to work for the Corporation, will reimburse the Corporation for any portion of severance pay which exceeds the period of layoff prior to her/his return to work. An employee who receives severance pay because of more than one layoff shall not receive total severance pay which will exceed the amount of severance entitlement defined in 8.03(a) (i.e. severance pay is not cumulative with each layoff).

Notice and Severance Pay. ‌‌‌‌ (a) Any regular employee who is laid off will receive written notice of layoff and severance pay as follows: i) employees who have less than three (3) years service with the Corporation since the last date of hire will receive two (2) calendar weeks written notice. ii) employees who have three (3) or more years service with the Corporation since the last date of hire will receive four (4) calendar weeks written notice. Any regular employee who has received written notice of layoff in accordance with the foregoing and who does not or is unable to elect bumping rights under Article 8.02 will be laid off with severance pay, subject to a maximum of fifty-two (52) weeks, as follows: i) three weeks pay for employees with up to two (2) full years service. ii) two weeks pay for each full year of service in excess of two (2) years, up to five (5) years. iii) three weeks pay for each full year of service in excess of five (5) years. (b) A regular employee who receives severance pay, if she/he returns to work for the Corporation, will reimburse the Corporation for any portion of severance pay which exceeds the period of layoff prior to her/his return to work. An employee who receives severance pay because of more than one layoff shall not receive total severance pay which will exceed the amount of severance entitlement defined in 8.03(a) (i.e. severance pay is not cumulative with each layoff).

Notice and Severance Pay. (a) Any regular employee who is laid off will receive written notice of layoff and severance xxxxxxxxx pay as follows: i) employees who have less than three (3) years service with the Corporation since the last date of hire will receive two (2) calendar weeks written notice. ii) employees who have three (3) or more years service with the Corporation since the last date of hire will receive four (4) calendar weeks written notice. Any regular employee who has received written notice of layoff in accordance with the foregoing and who does not or is unable to elect bumping rights under Article 8.02 will be laid off with severance pay, subject to a maximum of fifty-two (52) weeks, as follows: i) three weeks pay for employees with up to two (2) full years service. ii) two weeks pay for each full year of service in excess of two (2) years, up to five (5) years. iii) three weeks pay for each full year of service in excess of five (5) years. (b) A regular employee who receives severance pay, if she/he returns to work for the Corporation, will reimburse the Corporation for any portion of severance pay which exceeds the period of layoff prior to her/his return to work. An employee who receives severance pay because of more than one layoff shall not receive total severance pay which will exceed the amount of severance entitlement defined in 8.03(a) (i.e. severance pay is not cumulative with each layoff).

Notice and Severance Pay. (a) Any regular employee who is laid off will receive written notice of layoff and severance xxxxxxxxx pay as follows: (i) employees who have less than three (3) years years’ service with the Corporation since the last date of hire will receive two (2) calendar weeks weeks’ written notice.; (ii) employees who have three (3) or more years years’ service with the Corporation since the last date of hire will receive four (4) calendar weeks weeks’ written notice. Any regular employee who has received written notice of layoff in accordance with the foregoing and who does not or is unable to elect bumping rights under Article 8.02 will be laid off with severance pay, subject to a maximum of fifty-two (52) weeks, as follows: (i) three weeks (3) weeks’ pay for employees with up to two (2) full years service.; (ii) two weeks (2) weeks’ pay for each full year of service in excess of two (2) years, up to five (5) years.; (iii) three weeks (3) weeks’ pay for each full year of service in excess of five (5) years. (b) A regular employee who receives severance pay, if she/he returns they return to work for the Corporation, will reimburse the Corporation for any portion of severance pay which exceeds the period of layoff prior to her/his their return to work. An employee who receives severance pay because of more than one (1) layoff shall not receive total severance pay which will exceed the amount of severance entitlement defined in 8.03(a) (i.e. severance pay is not cumulative with each layoff).

Notice and Severance Pay. (a) Any regular employee who is laid off will receive written notice of layoff and severance pay as follows: (i) employees who have less than three (3) years service with the Corporation Employer since the last date of hire will receive two (2) calendar weeks written notice. (ii) employees who have three (3) or more years service with the Corporation Employer since the last date of hire will receive four (4) calendar weeks written notice. Any regular employee who has received written notice of layoff in accordance with the foregoing and who does not or is unable to elect bumping rights under Article 8.02 will be laid off with severance pay, subject to a maximum of fifty-two (52) weeks, as follows: (i) three weeks pay for employees with up to two (2) full years service. (ii) two weeks pay for each full year of service in excess of two (2) years, up to five (5) years. (iii) three weeks pay for each full year of service in excess of five (5) years. (b) A regular employee who receives severance pay, if she/he returns to work for the CorporationEmployer, will reimburse the Corporation Employer for any portion of severance pay which exceeds the period of layoff prior to her/his return to work. An employee who receives severance pay because of more than one layoff shall not receive total severance pay which will exceed the amount of severance entitlement defined in 8.03(a) (i.e. severance pay is not cumulative with each layoff).