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Common use of Redundancy Payments Clause in Contracts

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.

Appears in 1 contract

Samples: Enterprise Agreement

Redundancy Payments. Redundant Retrenched employees shall receive four (4) weeks payment for each year of serviceservice up to a maximum of 104 weeks provided that employees will receive a maximum of 116 weeks in severance and redundancy pay. Such payment to be inclusive is exclusive 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 Long Service leave, annual leave, and/or loading, sick leave etc., and any shift allowance. New employees commencing after the variation of other payment pursuant to this agreement will have payments capped at a total of 104 weeks pay inclusive of notice periodclause.

Appears in 1 contract

Samples: Union Collective Agreement

Redundancy Payments. (a) Redundant employees shall receive four (4) weeks payment for each completed year of service. continuous service up to a maximum of 104 weeks provided that employees will receive a maximum of 116 weeks in severance and redundancy pay. (b) Such payment to be inclusive of award requirements and calculated on a completed whole quarters (3 months) 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 periodshift loadings and regular rostered weekend loadings.

Appears in 1 contract

Samples: Collective Agreement

Redundancy Payments. (a) Redundant employees shall receive four (4) weeks payment for each year of serviceservice 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. (b) Such payment to be inclusive of award requirements and calculated on completed whole quarters (3 months) 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 periodshift loadings and regular rostered weekend loadings.

Appears in 1 contract

Samples: Union Collective Agreement