ORICA Redundancy Standard Sample Clauses

ORICA Redundancy Standard. Applicable to employees with greater than thirteen years service or start date after 30th October 2000. A minimum period of notice of 8 weeks (or pay in lieu). Longer notice should be given wherever possible. A payment for each completed year of service of four weeks pay (plus a further weeks pay for each completed four month period) up to a maximum of 80 weeks. This payment is inclusive of payment for unused accumulated frozen sick leave. Payment of all statutory entitlements including accrued annual leave, annual leave loading and Long Service Leave. Pro-rata long service leave will be paid after five years service to redundant employees. Superannuation entitlements as at last day of service. The company will provide outplacement assistance at a suitable level. The type and level of assistance will be appropriate to the needs of the redundant employee.
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Related to ORICA Redundancy Standard

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