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 but excluding apprentices/trainees, are entitled to redundancy benefits through payments made by the employer to Redundancy Fund ("the Redundancy Fund payment") by the Company on their behalf.
(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 Company in relation to the Employee for the pay period immediately preceding the commencement of the authorised leave.
(d) Subject to this clause, for work performed by an Employee in any pay period up to and including 1 June 2003, and which is provided for in a relevant Division, the Redundancy Fund payment shall be the amount set out in the wages and other remuneration clause of that Division under the heading "Redundancy/Training".
(e) Subject to this clause, for work performed by an Employee in any pay period from 1 June 2003, or the date of certification whichever is the later, and which is provided for in a relevant Division, the Redundancy Fund payment shall be the amount set out in the wages and other remuneration clause of that Division under the heading "Redundancy/Training" less the amount of $5.00.
(f) For the purposes of (d) and (e) an Employee shall be deemed to have performed work provided for in relation to a relevant Division for the whole of the pay period if the Employee has worked for 19 hours or more in that pay period in work which is provided for in that Division.
(g) The Company 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 Company and to forthwith forward that certificate to Redundancy Fund .
(h) When an Employee's employment is terminated by the Company on account of redundancy the Company s...
Redundancy Payments. Redundant employees shall receive four (4) weeks payment for each year of service. Such payment to be inclusive of award requirements and calculated on completed whole quarters (3 months) of service basis. The weekly rate of pay shall be the employee's ordinary time rate of pay excluding overtime and any shift allowance. New employees commencing after the variation of this agreement will have payments capped at a total of 104 weeks pay inclusive of notice period.
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.
