Common use of Redundancy Payment Clause in Contracts

Redundancy Payment. Where employment is terminated because of redundancy, an Employee will be entitled to redundancy pay in accordance with the NES for the first two years of service and then, three weeks per year of service thereafter, at the Permanent Employee's current annualised salary and pro rata for completed months.

Appears in 2 contracts

Samples: Enterprise Agreement, Enterprise Agreement

AutoNDA by SimpleDocs

Redundancy Payment. Where employment is terminated because of redundancy, an Employee will be entitled to four (4) weeks’ redundancy pay for between the first and second years of service (in accordance with the NES for the first two years of service NES) and then, three (3) weeks per year of continuous service thereafter, at the Permanent Employee's ’s current annualised salary Aggregate Salary and pro pro-rata for completed months.

Appears in 1 contract

Samples: Enterprise Agreement

Redundancy Payment. Where employment is terminated because of redundancy, an Employee will be entitled to redundancy pay in accordance with the NES for the first two years of continuous service and then, three weeks per year of continuous service thereafter, at the Permanent permanent Employee's ’s current annualised salary and pro rata for completed months.

Appears in 1 contract

Samples: Offshore Oil and Gas Enterprise Agreement

AutoNDA by SimpleDocs

Redundancy Payment. (a) Where employment is terminated because of redundancy, an Employee will be entitled to redundancy pay in accordance with the NES for between the first two and second years of service service, and then, then three weeks per weeks’ pay for each year of service thereafter, thereafter up to a maximum of 70 weeks’ pay. (b) The calculation will be at the Permanent Employee's current annualised base salary and pro rata at the time of being made redundant for each completed monthsyear of service. (c) Casual employees are not entitled to any redundancy payment under this clause.

Appears in 1 contract

Samples: Enterprise Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!