Common use of Notice of Termination/Severance Pay Clause in Contracts

Notice of Termination/Severance Pay. In accordance with the Employment Standards Code, the notice period for terminating the employment of an employee is the applicable notice period set out in the following table for the employee’s period of employment with the employer: Period of Employment Notice Period Thirty (30) days but less than one (1) year one (1) week At least one (1) year and less than three (3) years two (2) weeks At least three (3) year and less than five (5) years four (4) weeks At least five (5) year and less than ten (10) years six (6) weeks At least ten (10) years eight (8) weeks In the event the Employer does not provide the appropriate notice as outlined above, the Employer will pay each affected employee wages equal to what such employee would normally have earned during the notice period based on the average weekly earnings for such employee in the fifty-two week period immediately prior to date notice was provided. Employees who have worked for the Employer for more than thirty