Redundancy Payments. All Employees, inclusive of casuals, are entitled to redundancy benefits through payments made by the Employer to Redundancy Fund ("the Redundancy Fund payment") by the Company on their behalf. All contributions paid in accordance with the provisions of this clause will be paid on a monthly basis.
Redundancy Payments. (a) Redundancy payments shall be calculated on the basis of three (3) Weeks' Pay for each completed year of continuous service (except for the first year of service, where four (4) weeks’ pay will apply), or part thereof, to a maximum payment, excluding payment in lieu of notice, of fifty-two (52) Weeks' Pay.
Redundancy Payments. For redundancy under the terms of this Agreement, the following package shall apply:
Redundancy Payments. (a) For under 12 months weekly service - Nil.
(b) For each completed year of service, after 1 year, an employee made redundant shall receive three weeks pay for each year of service up to a maximum of sixty (60) weeks pay.
Redundancy Payments. An employee who has been continuously employed for a period of more than twelve (12) months, will be entitled to a severance payment of an amount stipulated in Clause 42.3, where his/her employment has been terminated for any of the following reasons :
Redundancy Payments. (a) All Employees, inclusive of casuals, are entitled to redundancy benefits through payments made by the employer to Redundancy Fund ("the Redundancy Fund payment") by the Employer on their behalf. Employer contributions for Apprentices will be pro rota based as per percentages reflected in Schedule 1 .
(b) The entitlement to the Redundancy Fund payment for a pay period shall arise when the Employee has worked 19 hours or more during a pay period provided that all periods of authorised leave are to be treated in the same manner as if the Employee concerned had worked during the period of authorised leave.
(c) In circumstances where an Employee's entitlement to the Redundancy Fund payment arises whilst the Employee is on authorised leave then the Redundancy Fund payment shall be made in the same quantum as the Redundancy Fund payment paid by the Employer in relation to the Employee for the pay period immediately preceding the commencement of the authorised leave.
(d) The Employer shall at the time of termination:
(i) provide a Redundancy Fund "certificate of employment" to the Employee with the Employee's termination payment, within 4 working days;
(ii) ensure all contributions owing to Redundancy Fund in relation to the Employee are paid up to date; and
(iii) complete a certificate of employment on the form provided by Redundancy Fund to certify the length of the Employee's employment with the Employer and to forthwith forward that certificate to Redundancy Fund .
(e) When an Employee's employment is terminated by the Employer on account of redundancy the Employer shall pay to the Employee a lump sum that equals the amount the Employer is obliged to pay pursuant to the relevant industrial instrument in regard to redundancy less any credits in the Employee's account in Redundancy Fund , provided that if the Employer's obligation in relation to redundancy pursuant to the relevant industrial instrument is equal to or less than the credits in the Employee'.s account in Redundancy Fund , then the Employer shall not be liable for any further payments in relation to redundancy pursuant to this Clause.
(f) All Redundancy Fund payments must be paid to Redundancy Fund on or before the 15th of each month.
(g) The Redundancy Fund payment shall be deemed to be inclusive of tax payments (if any) required to be made in relation to Fringe Benefits Taxation.
Redundancy Payments. Retrenched employees shall receive four (4) weeks payment for each year of service up to a maximum of 104 weeks provided that employees will receive a maximum of 116 weeks in severance and redundancy pay. Such payment is exclusive of Long Service leave, annual leave, and/or loading, sick leave etc., and any other payment pursuant to this clause.
Redundancy Payments. A weekly employee with more than twelve months continuous service who is selected for redundancy in accordance with the criteria set out below and who is made redundant shall receive at the time of his or her termination, payments calculated in accordance with the following:-
14.3.1 Severance Payment A severance payment of four (4) weeks ordinary pay. The amount of severance payment will be increased by one (1) week if the employee is over Forty-five (45) years old and has completed at least two (2) years continuous service with the company.
Redundancy Payments. Payment per week will be paid into a redundancy fund in respect to each tradesperson. Refer to Appendix 2 for rates and increments.
Redundancy Payments. The Company has not adopted, whether informally or formally and whether in writing or otherwise, any policy or practice of making redundancy payments in excess of statutory minima nor has it historically made any such redundancy payments.
