Common use of Payment of Severance Pay Clause in Contracts

Payment of Severance Pay. ‌ Full-time regular employees eligible for severance pay under Clause 23.4 and Clause 23.5, or whose employment is terminated due to closure of all or part of the Commission's operation, shall be paid severance pay according to the following formula: employees with more than one year of continuous employment shall receive two weeks' pay for each full year of service, to a maximum of 26 weeks' pay. An employee who is paid severance pay shall also be entitled to any accrued vacation entitlement (or pay in lieu) under Article 14 Annual Vacations.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

AutoNDA by SimpleDocs

Payment of Severance Pay. ‌ Full-time regular employees eligible for severance pay under Clause 23.4 and Clause 23.5, or whose employment is terminated due to closure of all or part of the Commission's operation, shall be paid severance pay according to the following formula: employees with more than one year of continuous employment shall receive two weeks' pay for each full year of service, to a maximum of 26 weeks' pay. An employee who is paid severance pay shall also be entitled to any accrued vacation entitlement (or pay in lieu) under Article 14 Annual Vacations.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Payment of Severance Pay. ‌ Full-time regular employees eligible for severance pay under Clause 23.4 23.04 and Clause 23.523.05, or whose employment is terminated due to closure of all or part of the Commission's operation, shall be paid severance pay according to the following formula: employees with more than one (1) year of continuous employment shall receive two (2) weeks' pay for each full year of service, to a maximum of 26 twenty-six (26) weeks' pay. An employee who is paid severance pay shall also be entitled to any accrued vacation entitlement (or pay in lieu) under Article 14 Annual Vacations14.

Appears in 1 contract

Samples: Collective Agreement

Payment of Severance Pay. Full-time regular employees eligible for severance pay under Clause 23.4 and Clause 23.5, or whose employment is terminated due to closure of all or part of the Commission's operation, shall be paid severance pay according to the following formula: employees with more than one (1) year of continuous employment shall receive two (2) weeks' pay for each full year of service, to a maximum of 26 twenty-six (26) weeks' pay. An employee who is paid severance pay shall also be entitled to any accrued vacation entitlement (or pay in lieu) under Article 14 Annual Vacations14.

Appears in 1 contract

Samples: Collective Agreement

Payment of Severance Pay. ‌ Full-time regular employees eligible for severance pay under Clause 23.4 and Clause 23.5, or whose employment is terminated due to closure of all or part of the Commission's operation, shall be paid severance pay according to the following formula: employees with more than one year of continuous employment shall receive two weeks' pay for each full year of service, to a maximum of 26 weeks' pay. An employee who is paid severance pay shall also be entitled to any accrued vacation entitlement (or pay in lieu) under Article 14 - Annual Vacations.

Appears in 1 contract

Samples: Collective Agreement

AutoNDA by SimpleDocs

Payment of Severance Pay. Full-time regular employees eligible for severance pay under Clause 23.4 23.04 and Clause 23.523.05, or whose employment is terminated due to closure of all or part of the Commission's operation, shall be paid severance pay according to the following formula: employees with more than one (1) year of continuous employment shall receive two (2) weeks' pay for each full year of service, to a maximum of 26 twenty-six (26) weeks' pay. An employee who is paid severance pay shall also be entitled to any accrued vacation entitlement (or pay in lieu) under Article 14 Annual Vacations14.

Appears in 1 contract

Samples: Collective Agreement

Payment of Severance Pay. ‌ Full-time regular employees eligible for severance pay under Clause 23.4 and Clause 23.5, or whose employment is terminated due to closure of all or part of the Commission's operation, shall be paid severance pay according to the following formula: employees with more than one (1) year of continuous employment shall receive two (2) weeks' pay for each full year of service, to a maximum of 26 twenty-six (26) weeks' pay. An employee who is paid severance pay shall also be entitled to any accrued vacation entitlement (or pay in lieu) under Article 14 Annual Vacations14.

Appears in 1 contract

Samples: Collective Agreement

Payment of Severance Pay. ‌ Full-time Full‐time regular employees eligible for severance pay under Clause 23.4 and Clause 23.5, or whose employment is terminated due to closure of all or part of the Commission's operation, shall be paid severance pay according to the following formula: employees with more than one year of continuous employment shall receive two weeks' pay for each full year of service, to a maximum of 26 weeks' pay. An employee who is paid severance pay shall also be entitled to any accrued vacation entitlement (or pay in lieu) under Article 14 Annual Vacations.

Appears in 1 contract

Samples: Collective Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.