Notice of Termination and Severance Pay. The employment can be terminated by the employer and NN with a mutual notice period of three months. Salary is to be paid during the notice period. If the employer terminates the employment NN is - in addition to the salary above - enti- tled to a severance pay of at least twelve (12) months’ salary, calculated from the monthly salary at the time when notice is given The severance pay falls due for payment on the day after the expiry of the notice period, unless the parties agree on a later due date. XX is also entitled to severance pay as above in the event he/she terminates the employ- ment due to the terms and conditions of employment being significantly altered or if the Company is guilty of a gross breach of contract. This also includes situations where the Company substantially changes its area of focus, where the Company changes its place of business, or where the operations within the company are wholly or partially transferred to another employer in accordance with Section 6b of the Employment Protection Act. Notice of termination or cancellation of employment must be conducted in writing. Comments: As the Employment Protection Act does not apply to CEOs and other managers in leading management positions, there is no employment security. You should there- fore ensure that – in addition to the notice period – you agree that you will be enti- tled to severance pay in the event the Company terminates your employment. Having a longer notice period is not good in the event you or the employer should want to terminate the employment. The employment continues as long as the no- xxxx period is running. You can therefore not take up a new position until the notice period has expired, unless you and your employer agree to cut short this period. As it is relatively common for the employer not to agree to a shortening of the notice period, it is better to negotiate a short notice period, in our example three months, and to combine this with severance pay. For a CEO, severance pay of between 12 and 24 months’ salary is most common. The size of the Company and other com- pensation can affect this level. Regulations regarding early retirement may occa- sionally be relevant. If retirement is imminent, such a process can be easier to get through. The size of the severance pay may then be affected. Regulations regarding early retirement require an investigation and a review of your overall pension pro- tection and insurance cover. Contracts must consequently be ada...
Notice of Termination and Severance Pay. 23.01 Notice of termination and severance pay shall be in accordance with the provisions of the Employment Standards Act (ESA), 2000.
Notice of Termination and Severance Pay. Upon termination of any bargaining unit staff, the Company shall provide notice of termination (or pay in lieu of such notice) and severance pay at a rate and in an amount not less than that prescribed by the Employment Standards Act, R.S.O. 1990, c. E.14, as amended to and including S.O. 1996, c.34; provided, however, that the Company shall at times be bound to comply with the requirements of the Employment Standards Act and any future amendments thereto in the event that it provides a greater right or benefit than that conferred in the aforesaid legislation. DATED THIS DAY OF , 2006. STERLING MARKING PRODUCTS INC. STERLING EMPLOYEE ASSOCIATION Schedule A 2006 COLLECTIVE AGREEMENT RATES (Employed prior to 6 November 2000) Group Point Range Oct-06 Oct-07 Oct-08 1A 150-224 $8.49 $8.73 $8.99 2A 225-299 $9.51 $9.75 $10.01 2B $8.71 $8.95 $9.21 3A 300-374 $10.74 $10.98 $11.24 3B $9.92 $10.16 $10.42 4A 375-499 $11.97 $12.21 $12.47 4B $11.14 $11.38 $11.64 5A 450-524 $13.18 $13.42 $13.68 5B $12.37 $12.61 $12.87 6A 525-599 $14.40 $14.64 $14.90 6B $13.60 $13.84 $14.10 7A 600-674 $15.63 $15.87 $16.13 7B $14.81 $15.05 $15.31 Schedule B JOB GROUPS POINT RANGE GROUP # POSITION NAME 150 - 224 Group 1 225 – 299 Group 2 General Labourer Various duties with minimal training 300 – 374 Group 3 Light Assembly Embosser Manufacturer Engraving Manufacturer Pre-Ink Xxxxxxx Seal Subassembly Program Shipper Post Press Finishing/Packaging Stamp/Die Assembler Proofreader/Paste-up 375 – 449 Group 4 Computer Integrated Manufacturing General Shipper/Receiver Computerized Custom Engraver/Laser Operator Corporate Kit Assembler Computer Graphics Artist (logos, line art, half tones, Manuscripts, etc.) 450 – 524 Group 5 Customized Product Manufacturing Sign Maker Photopolymer Operator Digital Print Operator Ink Maker Camera Technician/Darkroom Operator Opticheck Mounter Magnesium Photoetcher Vulcanizer 525 – 599 Group 6 Trade Skill Manufacturer Senior Graphics Artist (design, colour correction, traps, bleeds) Offset Printer Sr. Platemaker Sign Maker/Installer Stores Repair Control 600 – 674 Group 7 Team Leader DISTRIBUTION OF OVERTIME FOR SEA MEMBERS Schedule C FOR THE MONTH OF: DEPARTMENT: MANAGER: Name in order of seniority Emp. # Date Date Date Date Date Date Date Date Date Date Date Date Date Date Date Date Date Date Date Date Tota l Example
Notice of Termination and Severance Pay. 29.01 In the event that the Kitchener Operation is discontinued, and the employees are terminated, they shall receive notice of termination in accordance with the provisions of the Employment Standards Act. For greater clarity, all qualifiers and limitations imposed by the Employment Standards Act shall apply in determining whether an employee is entitled to notice of termination. In addition, affected employees with less than fifteen (15) years service will receive severance pay of one and three quarters (1 ¾ ) weeks pay for each year of service. Affected employees with fifteen (15) years or greater service will receive severance pay of two (2) weeks pay per year of service. Partial years will be prorated.
Notice of Termination and Severance Pay. Subject to the execution of this waiver and release in favor of the Company by Mx. Xxxxxxxxx, the Company will provide Mx. Xxxxxxxxx with the equivalent of a notice of termination of eleven months, divided as follows:
