Common use of Repayment of Severance Clause in Contracts

Repayment of Severance. Section 15.6 As a condition of rehire, employees returning to work after a separation period of less than twelve (12) months must repay a prorated portion of the severance pay. The individual will be entitled to retain the portion of severance allocated to the number of full months he/she was without employment. The repayment of severance will be calculated as follows:

Appears in 6 contracts

Samples: Agreement, Agreement, Agreement

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Repayment of Severance. Section 15.6 15.9 As a condition of rehire, employees returning to work after a separation period of less than twelve (12) months must repay a prorated portion of the severance pay. The individual will be entitled to retain the portion of severance allocated to the number of full months he/she was without employment. The repayment of severance will be calculated as follows:

Appears in 1 contract

Samples: Agreement

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