Common use of Notice and Severance Clause in Contracts

Notice and Severance. ‌ Notice of layoff, inclusive of statutory rights, are as follows: a. an employee with less than 5 years of seniority – 3 months b. an employee with 5 years or more of seniority – 6 months In addition to statutory rights, an employee is eligible for Enhanced Severance pay as follows: • one week per year of service to a maximum 13 weeks The Parties may mutually agree to alternate notice and severance arrangements or other short-term plans. Notice shall be in writing and the notice period commences from the date on which an employee receives their written notice. The Union will be copied on the notice. Pay in lieu of notice or severance payments end at the earlier of age 65 or date of unreduced early retirement.

Notice and Severance. ‌ Notice of layoff, inclusive of statutory rights, are as follows: a. an employee with less than 5 years of seniority – 3 months b. an employee with 5 years or more of seniority – 6 months In addition to statutory rights, an employee is eligible for Enhanced Severance pay as follows: • - one week per year of service to a maximum 13 weeks The Parties may mutually agree to alternate notice and severance arrangements or other short-term plans. Notice shall be in writing and the notice period commences from the date on which an employee receives their written notice. The Union will be copied on the notice. Pay in lieu of notice or severance payments end at the earlier of age 65 or date of unreduced early retirement.

Notice and Severance. ‌ Notice of layoff, inclusive of statutory rights, are as follows: a. an employee with less than 5 years of seniority – 3 months b. an employee with 5 years or more of seniority – 6 months In addition to statutory rights, an employee is eligible for Enhanced Severance pay as follows: • - one week per year of service to a maximum 13 weeks The Parties may mutually agree to alternate notice and severance arrangements or other short-term plans. Notice shall be in writing and the notice period commences from the date on which an employee receives their written notice. The Union will be copied on the notice. Pay in lieu of notice or severance payments end at the earlier of age 65 or date of unreduced early retirement.