Common use of Notice of Termination by the Company Clause in Contracts

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.

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 One week Over 1 one year and up to the completion of three years Four weeks Over 3 three years and up to the completion of 5 five years 4 Four weeks Over 5 five years of completed service 4 Four 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 two 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 salary 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 wagesalary, 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.

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 One week Over 1 one year and up to the completion of three years Four weeks Over 3 three years and up to the completion of 5 five years 4 Four weeks Over 5 five years of completed service 4 weeksservices Four Weeks (ii) In addition to the above notice, employees over 45 years of age at the time of the giving of the notice, notice with not less than 2 two years continuous service with the Company, 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, salary which would have been received in respect of the period of notice had the employee’s employment not been terminated, 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) summary dismissal.