Common use of Redundancy Payment Clause in Contracts

Redundancy Payment. Employees shall receive redundancy pay of four (4) weeks ordinary pay for each completed year of service plus a pro-rata amount of one-third (1/3) of a week’s ordinary pay for each completed month of service rendered in the employee’s final year of employment.

Redundancy Payment. Employees shall receive redundancy pay of four (4) weeks 4 weeks' ordinary pay for each completed year of service plus a pro-and pro rata amount for partially completed years of one-third (1/3) of a week’s ordinary pay for each completed month of service rendered in the employee’s final year of employmentservice.

Redundancy Payment. Employees shall receive 4 weeks redundancy pay of four (4) weeks ordinary pay payment for each completed year of service plus a pro-rata amount of one-third service. (1/3) of a week’s ordinary pay for each completed month of service rendered in based on the employee’s final year of employment.Weekly Base Wage, excluding overtime, shift allowance and annual leave loading)