Notice of Termination by the Company Sample Clauses

Notice of Termination by the Company. (1) In order to terminate the employment of a full time or part time employee the Company shall give to the employee at least the period of notice specified in the table below: Not more than 1 year 1 week More than 1 year but not more than 3 years 2 weeks More than 3 years but not more than 5 years 3 weeks More than 5 years 4 weeks (2) In addition to this notice, employees over 45 years of age at the time of the giving of the notice with not less than two yearscontinuous service with the Company are entitled to an additional week’s notice. (3) Payment in lieu of the notice will be made if the appropriate notice period is not required to be worked. Employment may be terminated by the employee working part of the required period of notice and by the Company making payment for the remainder of the period of notice. (4) In calculating any payment in lieu of notice, the wages the employee would have received in respect of the ordinary time he or she would have worked during the period of notice had his or her employment not been terminated will be used. (5) The period of notice in this clause shall not apply in the case of dismissal for conduct that justifies instant dismissal, in the case of casual employees, or employees engaged for a specific period of time or for a specific task or tasks.
AutoNDA by SimpleDocs
Notice of Termination by the Company. (1) In order to terminate the employment of an employee the Company shall give the employee the following notice: PERIOD OF CONTINUOUS SERVICE WITH THE COMPANY
Notice of Termination by the Company. Any termination by the Company of the Covered Person’s employment with the Company at any time following a Change of Control shall be communicated by notice of termination to the Covered Person at least five (5) days prior to the date of such termination, given in accordance with Section 8(a) of this Agreement. Such notice shall specify the termination date and whether the termination is considered by the Company to be for Cause as defined in Section 4(c) in which case the Company shall identify the specific subsection(s) of Section 4(c) asserted by the Company as the basis for the termination and shall set forth in reasonable detail the facts and circumstances relied upon by the Company in categorizing the termination as for Cause.
Notice of Termination by the Company. Any termination by the Company of Executive’s employment with the Company shall be communicated by a written notice of termination to Executive at least fourteen (14) days prior to the date of such termination (or at least 90 days prior to the date of termination by reason of Executive’s Disability). Such notice shall indicate the specific termination provision or provision in this Agreement relied upon (if any), shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination under the indicated provisions, and shall specify the termination date.
Notice of Termination by the Company. (a) In order to terminate the employment of an Employee the Company must give the Employee notice of termination as specified below: 1 year or less 1 week Over 1 year and up to the completion of 3 years 2 weeks Over 3 years and up to the completion of 5 years 3 weeks Over 5 years 4 weeks (b) In addition to the notice period above, Employees over 45 years of age at the time of the giving of notice, with not less than two years continuous service are entitled to an additional week’s notice. (c) Payment in lieu of the prescribed notice period must be made if the appropriate notice period is not required to be worked. Employment may be terminated by the Employee working part of the required notice period and by the Company providing payment for the remainder of the notice period. (d) The required amount of payment in lieu of notice must equal or exceed the total of all amounts that, if the Employee’s employment had continued until the end of the required notice period, the Company would have become liable to pay to the Employee because of the employment continuing during that period. That total must be calculated on the basis of: (1) the Employee’s ordinary hours of work (even if not standard hours); and (2) the amounts ordinarily payable to the Employee in respect of those hours, including (for example) allowances, loading and penalties; and (3) any other amounts payable under the Employee’s contract of employment. (e) The notice period in this clause does not apply: (1) in the case of dismissal for serious misconduct; (2) to apprentices; (3) to Employees engaged under a contract of employment for a specific period of time or for a specific task or tasks; (4) to trainees whose employment under a traineeship agreement or an approved traineeship is for a specified period or is, for any other reason, limited to the duration of the agreement; or (5) to casual employees.
Notice of Termination by the Company. In order to terminate the employment of a full-time or part-time permanent Employee, the Company will give the applicable period of notice specified in the table below: 1 year or less 1 week Over 1 year and up to the completion of 3 years 2 weeks Over 3 years and up to the completion of 5 years 3 weeks Over 5 years of completed service 4 weeks 7.2.1.1 In addition to this notice, if the Employee is over 45 years of age at the time of giving notice with not less than two (2) years continuous service, they are entitled to an additional one (1) week’s notice. 7.2.1.2 Payment in lieu of the notice will be made if the appropriate notice period is not required to be worked. Employment may be terminated by the Company requiring an Employee to work part of the required period of notice and by the Company making payment for the period of notice not worked. 7.2.1.3 In calculating any payment in lieu of notice, the wages the Employee would have received in respect of the ordinary time they would have worked during the period of notice had the employment not been terminated will be used. 7.2.1.4 The period of notice in this clause, shall not apply in the case of dismissal for the reasons set out in sub clauses 7.1.1, 7.1.2, 7.1.5, or 7.1.7, or if the Employee is a casual Employee, or upon the conclusion of an apprenticeship/traineeship or fixed term contract. In these cases, termination may be immediate.
Notice of Termination by the Company. 16.2.1. Upon the occurrence of an Event of Default the Company will issue a Notice of Termination, specifying the LRT Consultant's Event of Default (and, if the Event of Default is curable within the timeframe set for curing such Event of Default in Section 16.1, requesting the LRT Consultant to remedy such Event of Default within such period of time but in any case not later than sixty (60) days following receipt of such notice) (the "Initial Notice of Termination by the Company" and the "Remedy Period", respectively). 16.2.2. In the event that upon the elapse of the period of time specified in the Initial Notice of Termination by the Company, the Event of Default is still outstanding, the Company will be entitled to issues a notice of termination (“Notice of Termination by the Company”). 16.2.3. The Notice of Termination by the Company to the LRT Consultant will be effective within seven (7) days following the issuance of such notice if the Event of Default is not remedied by the expiration of the Remedy Period.
AutoNDA by SimpleDocs
Notice of Termination by the Company. Any termination by the Company of Executive’s employment with the Company shall be communicated by notice given to Executive in accordance with Section 13(a) of this Agreement. Such notice shall specify the termination date and whether the termination is considered by the Company to be for Cause as defined in Section 10(a) in which case the Company shall identify the specific subsection(s) of Section 10(a) asserted by the Company as the basis for the termination and shall set forth in reasonable detail the facts and circumstances relied upon by the Company in categorizing the termination as for Cause.
Notice of Termination by the Company. (1) In order to terminate the employment of an employee the Company will give the following notice: 1 year or less 1 Week
Notice of Termination by the Company. (i) In order to terminate the employment of a full-time employee, the Company will give to the employee the period of notice specified in the table below: Period of Continuous Service Period of Notice One year or less 1 week Over 1 year and up to the completion of Over 3 years and up to the completion of 5 years 4 weeks Over 5 years of completed service 4 weeks (ii) In addition to the above notice, employees over 45 years of age at the time of the giving of the notice, with not less than 2 years continuous service with the Company, will be given an additional week’s notice. (iii) The Company may terminate an employee’s employment by making a payment of wage in lieu of notice. Employment may be terminated by the employee working part of the required period of notice and by the Company making payment in lieu for the remainder of the period of notice. (iv) In calculating any payment in lieu of notice, the relevant part of the employee’s annual wage, which would have been received in respect of the period of notice had the employee’s employment not been terminated, will be used. (v) The periods of notice in this clause will not apply in the case of dismissal for conduct that justifies instant (summary) dismissal.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!