Common use of Redundancy Pay Clause in Contracts

Redundancy Pay. A redundant employee shall receive redundancy/severance payments, calculated as follows, in respect of all Continuous Service (as defined) with the employer. Less than 1 year Nil 1 year and less than 2 years 4 weeks’ pay 2 years and less than 3 years 6 weeks’ pay 3 years and less than 4 years 7 weeks’ pay 4 years or more 8 weeks’ pay "Weeks' pay" means the ordinary time rate of pay at the time of termination for the employee concerned.

Redundancy Pay. A redundant employee shall will receive redundancy/severance payments, calculated as follows, in respect of all Continuous Service continuous service (as defineddefined by this Agreement) with the employerenterprise. Less than 1 year Nil 1 year and or more but less than 2 years 4 weeks’ 2.4 week’s pay 2 years and less than 3 years 6 weeks’ pay 3 years and less than 4 years 7 weeks’ pay 4 years or more 8 weeks’ pay "Weeks' pay" means the ordinary time rate plus, for all service in excess of pay at the time of termination for the employee concerned.1 year,

Redundancy Pay. A redundant employee shall receive redundancy/severance payments, calculated as follows, in respect of all Continuous Service (as defined) with the employer. employer Period of continuous service Severance pay Less than 1 year Nil 1 year and less than 2 years 4 weeks’ ' pay 2 years and less than 3 years 6 weeks’ ' pay 3 years and less than 4 years 7 weeks’ ' pay 4 years or more 8 weeks’ pay "Weeks' pay" means the ordinary time rate of pay at the time of termination for the employee concerned.

Redundancy Pay. A redundant employee shall receive redundancy/severance payments, calculated as follows, in respect of all Continuous Service (as defined) with the employer. Period of continuous service Severance pay Less than 1 year Nil 1.75 hours per pay completed week of service up to a maximum of 2 weeks' pay 1 year and less than 2 years 4 2 weeks’ pay 2 years and less than 3 years 6 4 weeks’ pay 3 years and less than 4 years 7 6 weeks’ pay 4 years or and more 8 weeks’ pay "Weeks' pay" means the ordinary time rate of pay at the time of termination for the employee concerned.

Redundancy Pay. A redundant employee shall receive redundancy/severance payments, calculated as follows, in respect of all Continuous Service (as defined) with the employer. employer Period of continuous service Severance pay Less than 1 year Nil 1 year and less than 2 years 4 weeks’ pay 2 years and less than 3 years 6 weeks’ pay 3 years and less than 4 years 7 weeks’ pay 4 years or more 8 weeks’ pay "Weeks' pay" means the ordinary time rate of pay at the time of termination for the employee concerned.

Redundancy Pay. A redundant employee shall receive redundancy/severance payments, calculated as follows, in respect of all Continuous Service (as defined) with the employer. Period of continuous service Severance pay Less than 1 year Nil 1.75 hours per pay completed week of service up to a maximum of 2 weeks' pay 1 year and less than 2 years 4 2 weeks’ ` pay 2 years and less than 3 years 6 4 weeks’ ` pay 3 years and less than 4 years 7 6 weeks’ ` pay 4 years or and more 8 weeks’ pay "Weeks' ` pay" means the ordinary time rate of pay at the time of termination for the employee concerned.