RESIGNATION/TERMINATION. a) When an Employee leaves of their own accord, their termination pay will be banked into their account at the end of the next pay period. b) Where the Company terminates an Employee, termination pay will be paid by cheque or through electronic funds transfer into the Employee bank account at the time of termination and in compliance with the relevant BCGOA provision. Where this is not practicable, the Company shall have two working days to send monies due to the Employee by registered post (or where paid by EFT the monies are transferred into the Employee’s account), provided that if the money is not posted (or transferred) within that time, the time spent waiting beyond the two working days shall be paid for at ordinary rates, such payment to be at the rate of eight hours’ pay per day up to a week’s pay when the right to waiting time shall terminate. c) Where employment is terminated by the Company, payment in lieu of notice shall be at the ordinary hourly rate of pay only (as provided in Appendix B of this Agreement). Payment for redundancy, superannuation and / or any other allowances prescribed by this Agreement shall not be applicable for the notice period where notice is not worked.
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Samples: Collective Agreement, Collective Agreement, Collective Agreement
