Common use of REGULAR SEVERANCE PAY Clause in Contracts

REGULAR SEVERANCE PAY. (a) Regular severance will be paid at the rate of one (1) week's pay, at the Employee's regular rate of pay, for each completed year of service to fifteen (15) years, and at the rate of two weeks' pay for each additional completed year of service over fifteen

REGULAR SEVERANCE PAY. (a) Regular severance will be paid at the rate of one (1) week's pay, at the Employee's regular rate of pay, for each completed year of service to fifteen (15) years, and at the rate of two weeks' pay for each additional completed year of service over fifteen