Common use of Severance Allowance Clause in Contracts

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: Years of Severance Allowance Employment Weeks/yr.* or % of Earnings 1st ten years 2 4% Subsequent years 1 2% Maximum Severance 45 weeks 1800 hours Allowance * Computed on the basis of forty (40) straight time hours at the employee’s regular rate. For employees with a minimum of one (1) year’s employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. At the time of separation the employee shall have the option of receiving the severance allowance on termination, or he/she may elect to have his/her severance allowance held in abeyance for up to one year from the date of termination. They may apply in writing at any time during the year, at which time their full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI is elected, the employee’s severance allowance will be held in abeyance for the duration of their recall rights at which time the employee will be terminated and their severance allowance paid forthwith. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her severance allowance paid forthwith with all seniority and recall rights being forfeited. No payment will be made under this section in cases where the employee has already qualified under Article XXII, Section 5, Job Elimination, or under Article XXI, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: Years of Employment Weeks per Year of Service Severance Allowance Employment Weeks/yr.* or % of Earnings 1st ten years Twenty (20) Years 2 4% Subsequent years 1 2% Maximum Severance 45 weeks 1800 Allowance *52 Weeks 2080 hours Allowance * *Computed on the basis of forty (40) straight time hours at the employee’s regular rate. For employees with a minimum of one (1) year’s years’ employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. At the time of separation the employee shall have the option of receiving the severance allowance on termination, or he/she he may elect to have his/her his severance allowance held in abeyance for up to one (1) year from the date of termination. They He may apply in writing at any time during the year, at which time their his full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI XVII is elected, the employee’s severance allowance will be held in abeyance for the duration of their his recall rights at which time the employee will be terminated and their his severance allowance paid forthwith. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her his severance allowance paid forthwith with all seniority and recall rights being forfeited. Employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination. No payment will be made under this section in cases where the employee has already qualified under Article XXII, Section 5, Job Elimination, or under Article XXI, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' ’ notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods methods, based on his his/her last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: Years of Employment Severance Allowance Employment Weeks/yr.* or Weeks per year of service % of Earnings 1st ten years 2 4% Subsequent years 1 2% Maximum Severance 45 weeks 1800 Allowance 52 weeks* 2080 hours Allowance * Computed on the basis of forty (40) straight time hours at the employee’s regular rate. For employees with a minimum of one (1) year’s employment during their his/her last period of continuous service, severance allowance shall not be less than four (4) weeks’ week’s pay. At the time of separation the employee shall have the option of receiving the his/her severance allowance on termination, or he/she may elect to have his/her severance allowance held in abeyance for up to one year from the date of termination. They He may apply in writing at any time during the year, at which time their his/her full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI is elected, the employee’s severance allowance will be held in abeyance for the duration of their his/her recall rights at which time the employee will be terminated and their his/her severance allowance paid forthwith. Where the an employee renounces the right of recall during this period, the employee will be terminated and his/her severance allowance paid forthwith with all seniority and recall rights being forfeited. Employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination. No payment will be made under this section in cases where the employee has already qualified under Article XXIIXXIV, Section 5, Job Elimination, or under Article XXIXXIII, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' days notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: 1st Twenty Years of Severance Allowance Employment Weeks/yr.* or % of Earnings 1st ten years 2 4% Subsequent years 1 2% Maximum Severance 45 weeks 1800 Allowance *52 Weeks 2080 hours Allowance * Computed C o m p u xxx on the basis of forty (40) straight time hours at the employee’s regular rate. For employees with a minimum of one (1) year’s years’ employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. At the time of separation the employee shall have the option of receiving the severance allowance on termination, or he/she he may elect to have his/her his severance allowance held in abeyance for up to one (1) year from the date of termination. They He may apply in writing at any time during the year, at which time their his full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI XVII is elected, the employee’s severance allowance will be held in abeyance for the duration of their his recall rights at which time the employee will be terminated and their his severance allowance paid forthwith. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her his severance allowance paid forthwith with all seniority and recall rights being forfeited. Employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination. No payment will be made under this section in cases where the employee has already qualified under Article XXII, Section 5, Job Elimination, or under Article XXI, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: . Years of Employment Severance Allowance Employment Weeks/yr.* or % OR% of Earnings 1st ten twenty (20) years 2 4% Subsequent years 1 2% Maximum Severance 45 Allowance is Fifty-two (52) weeks 1800 2080 hours Allowance * Computed on the basis of forty (40) straight time hours at the employee’s regular rate. For employees with a minimum of one (1) year’s years employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. At the time of separation the employee shall have the option of receiving the severance allowance on termination, or he/she may elect to have his/her severance allowance held in abeyance for up to one (1) year from the date of termination. They He/she may apply in writing at any time during the year, at which time their his/her full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI is elected, the employee’s severance allowance will be held in abeyance for the duration of their his/her recall rights at which time the employee will be terminated and their his/her severance allowance paid forthwith. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her severance allowance paid forthwith with all seniority and recall rights being forfeited. Employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination. No payment will be made under this section in cases where the employee has already qualified under Article XXIIXXIV, Section 5, Job Elimination, or under Article XXIXXIII, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' days notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: Years of Severance Allowance Employment Weeks. weeks/yr.* or % of Earnings 1st ten twenty (20) years 2 4% Subsequent years 1 2% Maximum Severance 45 Allowance 52* weeks 1800 2080 hours Allowance * *Computed on the basis of forty (40) straight time hours at the employee’s regular rate. For employees with a minimum of one (1) year’s years employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. At the time of separation the employee shall have the option of receiving the severance allowance on termination, or he/she may elect to have his/her severance allowance held in abeyance for up to one (1) year from the date of termination. They He/she may apply in writing at any time during the year, at which time their his/her full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI is elected, the employee’s severance allowance will be held in abeyance for the duration of their his/her recall rights at which time the employee will be terminated and their his/her severance allowance paid forthwith. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her severance allowance paid forthwith with all seniority and recall rights being forfeited. Employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination. No payment will be made under this section in cases where the employee has already qualified under Article XXIIXXIV, Section 5, Job Elimination, or under Article XXIXXIII, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' days notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance Severance allowance will be calculated by one of the two following methods based on his last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: YEARS OF SEVERANCE ALLOWANCE EMPLOYMENT WEEKS PER YEAR OF SERVICE % OF EARNINGS 1st Twenty (20) Years of Severance Allowance Employment Weeks/yr.* or % of Earnings 1st ten years 2 4% Subsequent years Years 1 2% Maximum Severance 45 weeks 1800 hours Allowance 52 Weeks * 2080 Hours *Computed on the basis of forty (40) straight time hours at the employee’s 's regular rate. . (b) For employees with a minimum of one (1) year’s years' employment during their last period of continuous service, severance allowance shall not be less than four four- (4) weeks’ ' pay. Employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination. (c) The severance allowance will not be more than the employee would normally receive if they remained at work at forty- (40) hours per week to their normal retirement date. (d) At the time of separation the employee shall have the option of receiving the their severance allowance on termination, or he/she they may elect to have his/her their severance allowance held in abeyance for up to one (1) year from the date of termination. They The employee may apply in writing at any time during the year, year at which time their full severance allowance will be paid forthwith. . (e) Where the right of recall and seniority retention under Article XXI is elected, the employee’s 's severance allowance will be held in abeyance for the duration of their recall rights at which time the employee employees will be terminated and their severance allowance paid forthwith. . (f) Where the employee renounces the right of recall during this period, the employee will be terminated and his/her their severance allowance paid forthwith with all seniority and recall rights being forfeited. No payment will be made under this section in cases where the employee has already qualified under Article XXII, Section 5, Job Elimination, or under Article XXI, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: . Years of Employment Severance Allowance Employment Weeks/yr.* or OR % of Earnings 1st ten years 2 4% Subsequent years 1 2% Maximum Severance 45 Allowance 52* weeks 1800 2080 hours Allowance * Computed on the basis of forty (40) straight time hours at the employee’s regular rate. For employees with a minimum of one (1) year’s years employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. At the time of separation the employee shall have the option of receiving the severance allowance on termination, or he/she may elect to have his/her severance allowance held in abeyance for up to one (1) year from the date of termination. They He/she may apply in writing at any time during the year, at which time their his/her full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI is elected, the employee’s severance allowance will be held in abeyance for the duration of their his/her recall rights at which time the employee will be terminated and their his/her severance allowance paid forthwith. Where the employee renounces the right of recall during this the period, the employee will be terminated and his/her severance allowance paid forthwith with all seniority and recall rights being forfeited. Employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination. No payment will be made under this section in cases where the employee has already qualified qualified under Article XXIIXXIV, Section 5, Job Elimination, or under Article XXIXXIII, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' days notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his their last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: Years of Employment Severance Allowance Employment Weeks/yr.* or Weeks per year of service % of Earnings 1st ten years 2 4% Subsequent years 1 2% Maximum Severance 45 weeks 1800 Allowance 52 weeks* 2080 hours Allowance * Computed on Employees will have their welfare coverage continued for the basis current month plus two (2) additional months from their date of forty (40) straight time hours at the employee’s regular ratetermination. For employees with a minimum of one (1) year’s employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. At the time of separation the employee shall have the option of receiving the their severance allowance on termination, or he/she they may elect to have his/her their severance allowance held in abeyance for up to one year from the date of termination. They may apply in writing at any time during the year, at which time their full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI XVII is elected, the employee’s severance allowance will be held in abeyance for the duration of their recall rights at which time the employee will be terminated and their severance allowance paid forthwith. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her their severance allowance paid forthwith with all seniority and recall rights being forfeited. No payment will be made under this section in cases where the employee has already qualified under Article XXII, Section 5, Job Elimination, or under Article XXI, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' ’ notice of separation.

Severance Allowance. (a) An employee with one (1I) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following follow- ing methods based on his last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: Years . or %of Earnings ten years Subsequent years I Maximum Severance Allowance Employment Weeks/yr.* or % of Earnings 1st ten years 2 4% Subsequent years 1 2% Maximum Severance 45 weeks 1800 hours Allowance * *Computed on the basis of forty (40) straight time hours at the employee’s regular rate. For employees with a minimum of one (1) year’s I)years employment during their last period of continuous service, . severance allowance shall not be less than four (4) weeks’ pay. At the time of separation the employee shall have the option of receiving the severance allowance on termination, or he/she may elect to have his/her severance allowance held in abeyance for up to one year from the date of termination. They may apply in writing at any time during the year, at which time their her full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI is elected, the employee’s severance allowance will be held in abeyance for the duration of their her recall rights at which time the employee will be terminated and their her severance allowance paid forthwith. Where the employee renounces the right of recall during this the period, the employee will be terminated and his/his/ her severance allowance paid forthwith with all seniority and recall rights being forfeited. forfeited No payment will be made under this section in cases where the employee has already qualified under Article XXII, Section 5, Job Elimination, or under Article XXI, Section 2, Permanent Mill Closure. (b) . Such employees for whom no employment is available will be given at least thirty (30) days' days notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his their last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: Years of Employment Severance Allowance Employment Weeks/yr.* or Weeks per year of service % of Earnings 1st ten years 2 4% Subsequent years 1 2% Maximum Severance 45 weeks 1800 Allowance 52 weeks* 2080 hours Allowance * Computed on Employees will have their welfare coverage continued for the basis current month plus two (2) additional months from their date of forty (40) straight time hours at the employee’s regular ratetermination. For employees with a minimum of one (1) year’s employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. At the time of separation the employee shall have the option of receiving the their severance allowance on termination, or he/she they may elect to have his/her their severance allowance held in abeyance for up to one year from the date of termination. They may apply in writing at any time during the year, at which time their full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI XVII is elected, the employee’s severance allowance will be held in abeyance for the duration of their recall rights at which time the employee will be terminated and their severance allowance paid forthwith. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her their severance allowance paid forthwith with all seniority and recall rights being forfeited. No payment will be made under this section in cases where the employee has already qualified qualified under Article XXII, Section 5, Job Elimination, or under Article XXI, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' ’ notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his his/her last period of continuous service, service it being the choice of the affected employee as to which of such methods of calculation is used: . Years of Employment Severance Allowance Employment Weeks/yrYr.* or % of Earnings 1st ten years TwentyYears 2 4% Subsequent years 1 2% Maximum Severance 45 MAXIMUM SEVERANCE 52 weeks 1800 2080 hours Allowance * ALLOWANCE *Computed on the basis of forty (40) straight time hours at the employee’s current regular rate. For employees with a minimum of one (1) year’s employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ weeks pay. Employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination. At the time of separation separation, the employee shall have the option of receiving the severance allowance on termination, or he/she may elect to have his/her severance allowance held in abeyance for up to one (1) year from the date of termination. They He/she may apply in writing at any time during the year, at which time their his/her full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI XVIII (JLA) is elected, the employee’s severance allowance will be held in abeyance for the duration of their his/her recall rights at which time the employee will be terminated and their his/her severance allowance paid forthwith. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her severance allowance paid forthwith with all seniority and recall rights being forfeited. No payment will be made under this section in cases where the employee has already qualified under Article XXII, Section 5, Job Elimination, or under Article XXI, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' days notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his their last period of continuous service, it being . It will be the choice of the affected employee as to which of such methods of calculation is used: YEARS OF EMPLOYMENT SEVERANCE ALLOWANCE WEEKS PER YEAR OF SERVICE % OF EARNINGS 1st Twenty (20) Years of Severance Allowance Employment Weeks/yr.* or % of Earnings 1st ten years 2 4% Subsequent years Years 1 2% Maximum Severance 45 weeks 1800 hours Allowance 52 Weeks * 2080 Hours *Computed on the basis of forty (40) straight time hours at the employee’s 's regular rate. . b) For employees with a minimum of one (1) year’s year of employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. . c) At the time of separation the employee shall have the option of receiving the severance allowance on termination, or he/she may elect to have his/her the severance allowance held in abeyance for up to one (1) year from the date of termination. They The employee may apply in writing at any time during the year, at which time their the full severance allowance will be paid forthwith. . d) Where the right of recall and seniority retention under Article XXI is elected, the employee’s 's severance allowance will be held in abeyance for the duration of their recall rights at which time the employee employees will be terminated and their severance allowance paid forthwith. . e) Where the employee renounces the right of recall during this period, the employee will be terminated and his/her severance allowance paid forthwith with all seniority and recall rights being forfeited. . f) No payment will be made under this section in cases where the employee has already qualified under Article XXIIXXIV, Section 5, Job Elimination, or under Article XXIXXIII, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his last period of continuous servicecontinuousservice, it being the choice of the affected employee as to which of such methods of calculation is used: . Years of Employment Severance Allowance Employment Weeks/yr.* or % OR of Earnings 1st ten twenty (20) years 2 4% Subsequent years 1 2% Maximum Severance 45 Allowance 52' weeks 1800 hours Allowance * *Computed on the basis of forty (40) straight time hours at the employee’s 's regular rate. For employees with a minimum of one (1) year’s years employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ ' pay. At the time of separation the employee shall have the option of receiving the severance allowance on termination, or he/she may elect to have his/her hisher severance allowance held in abeyance for up to one (1) year from the date of termination. They may apply in writing at any time during the year, at which time their hisher full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI is elected, . the employee’s 's severance allowance will be held in abeyance for the duration of their recall rights at which time the employee will be terminated and their hisher severance allowance paid forthwith. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her hisher severance allowance paid forthwith with all seniority and recall rights being forfeited. Employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination. No payment will be made under this section in cases where the employee has already qualified under Article XXII, Section 5, Job Elimination, or under Article XXI, Section 2, Permanent Mill Closure. (b) . Such employees for whom no employment is available will be given at least thirty (30) days' days notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his their last period of continuous service, it being . It will be the choice of the affected employee as to which of such methods of calculation is used: 1st Twenty (20) Years of Severance Allowance Employment Weeks/yr.* or % of Earnings 1st ten years 2 4% Subsequent years Years 1 2% Maximum Severance 45 weeks 1800 hours Allowance 52 Weeks * 2080 Hours *Computed on the basis of forty (40) straight time hours at the employee’s 's regular rate. . b) For employees with a minimum of one (1) year’s year of employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. . c) At the time of separation the employee shall have the option of receiving the severance allowance on termination, or he/she may elect to have his/her the severance allowance held in abeyance for up to one (1) year from the date of termination. They The employee may apply in writing at any time during the year, at which time their the full severance allowance will be paid forthwith. . d) Where the right of recall and seniority retention under Article XXI is elected, the employee’s 's severance allowance will be held in abeyance for the duration of their recall rights at which time the employee employees will be terminated and their severance allowance paid forthwith. . e) Where the employee renounces the right of recall during this period, the employee will be terminated and his/her severance allowance paid forthwith with all seniority and recall rights being forfeited. . f) No payment will be made under this section in cases where the employee has already qualified under Article XXIIXXIV, Section 5, Job Elimination, or under Article XXIXXIII, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: . Years of Employment Severance Allowance Employment Weeks/yr.* or OR % of Earnings 1st ten years 2 4% Subsequent years 1 2% Maximum Severance 45 Allowance 52* weeks 1800 2080 hours Allowance * *Computed on the basis of forty (40) straight time hours at the employee’s regular rate. For employees with a minimum of one (1) year’s years employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. At the time of separation the employee shall have the option of receiving the severance allowance on termination, or he/she may elect to have his/her severance allowance held in abeyance for up to one (1) year from the date of termination. They He/she may apply in writing at any time during the year, at which time their his/her full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI is elected, the employee’s severance allowance will be held in abeyance for the duration of their his/her recall rights at which time the employee will be terminated and their his/her severance allowance paid forthwith. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her severance allowance paid forthwith with all seniority and recall rights being forfeited. Employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination. No payment will be made under this section in cases where the employee has already qualified qualified under Article XXIIXXIV, Section 5, Job Elimination, or under Article XXIXXIII, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' days notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: Years of Severance Allowance Employment Weeks/yr.* or % of Earnings 1st ten years 2 4% Subsequent years 1 2% Maximum Severance 45 weeks 1800 hours Allowance * Years *Computed on the basis of forty (40) straight time hours at the employee’s regular rate. For employees with a minimum of one (1) year’s years’ employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ 4)weeks pay. At the time of separation the separation, an employee shall have the option of receiving the severance allowance on termination, or he/she may elect to have his/her the severance allowance held in abeyance for up to one (1) year from the date of termination. They The employee may apply in writing at any time during the year, at which time their the full severance allowance will be paid forthwith. Where the employee elects the right of recall and seniority retention under Article XXI is elected, the employee’s severance allowance will be held in abeyance for the duration of their the recall rights rights, at which time the employee will be terminated and their severance allowance paid forthwith. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her the severance allowance paid forthwith forthwith, with all seniority and recall rights being forfeited. No payment will be made under this section in cases where the an employee has already qualified under Article XXIIPermanent Mill Closure, Section 5, or under Article Job Elimination, or under Article XXI, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' 30)days notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: Years of Severance Allowance Employment Weeks/yr.* or % of Earnings 1st ten years 2 4% Subsequent years 1 2% Maximum Severance 45 weeks 1800 hours Allowance * Computed on the basis of forty (40) straight time hours at the employee’s regular rate. For employees with a minimum of one (1) year’s years’ employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ weeks pay. At the time of separation the separation, an employee shall have the option of receiving the severance allowance on termination, or he/she may elect to have his/her the severance allowance held in abeyance for up to one (1) year from the date of termination. They The employee may apply in writing at any time during the year, at which time their the full severance allowance will be paid forthwith. Where the employee elects the right of recall and seniority retention under Article XXI is electedXXI, the employee’s severance allowance will be held in abeyance for the duration of their the recall rights rights, at which time the employee will be terminated and their severance allowance paid forthwith. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her severance allowance paid forthwith forthwith, with all seniority and recall rights being forfeited. Employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination. No payment will be made under this section in cases where the an employee has already qualified under Article XXIIXXIII - Permanent Mill Closure, Section 5, Job Elimination2, or under Article XXIXXIV - Job Elimination, Section 2, Permanent Mill Closure5. (b) Such employees for whom no employment is available will be given at least thirty (30) days' days notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: Years of Employment Severance Allowance Employment Weeks/yr.year* or Allowance % of Earnings 1st ten years 2 4% Subsequent years 1 2% Maximum Severance Allowance 45 weeks Weeks 1800 hours Allowance * Computed computed on the basis of forty (40) straight time hours at the employee’s regular rate. For employees with a minimum of one (1) year’s years’ employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. At the time of separation the employee shall have the option of receiving the severance allowance on termination, or he/she he may elect to have his/her his severance allowance held in abeyance for up to one (1) year from the date of termination. They He may apply in writing at any time during the year, at which time their his full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI XVII is elected, the employee’s severance allowance will be held in abeyance for the duration of their his recall rights at which time the employee will be terminated and their his severance allowance paid forthwith. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her his severance allowance paid forthwith with all seniority and recall rights being forfeited. No payment will be made under this section in cases where the employee has already qualified under Article XXII, Section 5, Job Elimination, or under Article XXI, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: Severance Allowance Years of Severance Allowance Employment Weeks/yr.Weeks / Year* or % of Earnings 1st ten years 2 4% Subsequent years 1 2% Maximum Severance MAXIMUM SEVERANCE ALLOWANCE 45 weeks 1800 hours Allowance * *Computed on the basis of forty (40) straight time hours at the employee’s 's regular rate. For employees with a minimum of one (1) year’s 's employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ ' pay. At the time of separation the employee shall have the option of receiving the severance allowance on termination, or he/she he may elect to have his/her his severance allowance held in abeyance for up to one (1) year from the date of termination. They He may apply in writing at any time during the year, at which time their his full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI is elected, the employee’s 's severance allowance will be held in abeyance for the duration of their his recall rights at which time the employee will be terminated and their his severance allowance paid forthwith. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her his severance allowance paid forthwith with all seniority and recall rights being forfeited. No payment will be made under this section in cases where the employee has already qualified under Article XXIIXXIV, Section 5, Job Elimination, or under Article XXIXXIII, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' days notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his his/her last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: Years of Employment Severance Allowance Employment Weeks/yr.* or OR % of Earnings 1st ten years 2 4% Subsequent years 1 2% Maximum Severance MAXIMUM SEVERANCE ALLOWANCE 45 weeks 1800 hours Allowance * *Computed on the basis of forty (40) straight time hours at the employee’s regular rate. For employees with a minimum of one (1) year’s years’ employment during their last period of continuous service, severance allowance shall not be less than four (4four(4) weeks’ pay. At the time of separation the employee shall have the option of receiving the severance allowance on termination, or he/she may elect to have his/her severance allowance held in abeyance for up to one one(1) year from the date of termination. They He/she may apply in writing at any time during the year, at which time their his/her full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI is elected, the employee’s severance allowance will be held in abeyance for the duration of their his/her recall rights at which time the employee will be terminated and their his/her severance allowance paid forthwith. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her severance allowance paid forthwith with all seniority and recall rights being forfeited. No payment will be made under this section in cases where the employee has already qualified under Article XXIIXXIV, Section 5, Job Elimination, or under Article XXIXXIII, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' days notice of separation.

Severance Allowance. (a) 6.1 An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his their last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: Years : 6.1.1 Three (3) weeks per year of service. 6.1.2 Maximum Severance Allowance Employment Weeks/yrwill be 74 weeks.* or % of Earnings 1st ten years 2 4% Subsequent years 1 2% Maximum Severance 45 weeks 1800 hours Allowance * Computed on the basis of forty (40) straight time hours at the employee’s regular rate. 6.2 For employees with a minimum of one (1) year’s employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. . 6.3 At the time of separation separation, the employee shall have the option of receiving the severance allowance on termination, or he/she may elect to have his/her severance allowance held in abeyance for up to one (1) year from the date of termination. . 6.4 They may apply in writing at any time during the year, at which time their full severance allowance will be paid forthwith. . 6.5 There are no working severance packages. 6.6 Where the right of recall and seniority retention under this Article XXI is elected, the employee’s severance allowance will be held in abeyance for the duration of their recall rights at which time the employee will be terminated terminated, and their severance allowance paid forthwith. . 6.7 Where the employee renounces the right of recall during this period, the employee will be terminated and his/her severance allowance paid forthwith with all seniority and recall rights being forfeited. . 6.8 No payment will be made under this section in cases where the employee has already qualified under ‡ Article XXII, Section 5, 24 – Job Elimination, or under ‡ Article XXI, Section 2, 23 – Permanent Mill Closure. (b) 6.9 Such employees for whom no employment is available will be given at least thirty (30) days' notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his their last period of continuous service, it being . It will be the choice of the affected employee as to which of such methods of calculation is used: 1st Twenty (20) Years of Severance Allowance Employment Weeks/yr.* or % of Earnings 1st ten years 2 4% Subsequent years Years 1 2% Maximum Severance 45 weeks 1800 hours Allowance 52 Weeks * 2080 Hours *Computed on the basis of forty (40) straight time hours at the employee’s regular rate. . (b) For employees with a minimum of one (1) year’s year of employment during their last period of continuous service, severance allowance shall not be less than four four- (4) weeks’ pay. . (c) At the time of separation the employee shall have the option of receiving the severance allowance on termination, or he/she may elect to have his/her the severance allowance held in abeyance for up to one (1) year from the date of termination. They The employee may apply in writing at any time during the year, at which time their the full severance allowance will be paid forthwith. . (d) Where the right of recall and seniority retention under Article XXI is elected, the employee’s severance allowance will be held in abeyance for the duration of their recall rights at which time the employee employees will be terminated and their severance allowance paid forthwith. . (e) Where the employee renounces the right of recall during this period, the employee will be terminated and his/her their severance allowance paid forthwith with all seniority and recall rights being forfeited. No payment will be made under this section in cases where the employee has already qualified under Article XXIIXXIV, Section 5, Job Elimination, or under Article XXIXXIII, Section 2, Permanent Mill Closure. (bf) Such employees for whom no employment is available will be given at least thirty thirty- (30) days' ’ notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: Years of Employment Weeks per Year of Service Severance Allowance Employment Weeks/yr.* or % of Earnings 1st ten years Twenty Years 2 4% Subsequent years 1 2% Maximum Severance 45 weeks 1800 Allowance *52 Weeks 2080 hours Allowance * Computed C o m p u xxx on the basis of forty (40) straight time hours at the employee’s regular rate. For employees with a minimum of one (1) year’s years’ employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. At the time of separation the employee shall have the option of receiving the severance allowance on termination, or he/she he may elect to have his/her his severance allowance held in abeyance for up to one (1) year from the date of termination. They He may apply in writing at any time during the year, at which time their his full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI XVII is elected, the employee’s severance allowance will be held in abeyance for the duration of their his recall rights at which time the employee will be terminated and their his severance allowance paid forthwith. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her his severance allowance paid forthwith with all seniority and recall rights being forfeited. Employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination. No payment will be made under this section in cases where the employee has already qualified under Article XXII, Section 5, Job Elimination, or under Article XXI, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous contin- uous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated calcu- lated by one of the two following methods based on his last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: Years of . Severance Allowance Employment Weeks/yr.* or % of Earnings 1st ten years 2 4% Subsequent years 1 2% Maximum Severance Allowance 45 weeks Weeks 1800 hours Allowance * Hours *Computed on the basis of forty (40) straight time hours at the employee’s regular rate. For employees with a minimum of one (1) year’s years employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. At the time of separation the employee shall have the option of receiving the severance allowance on terminationter- mination, or he/she may elect to have his/her severance allowance held in abeyance for up to one (1) year from the date of termination. They He/she may apply in writing at any time during the year, at which time their his/her full severance sev- erance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI is elected, the employee’s severance allowance will be held in abeyance for the duration of their his/her recall rights at which time the employee will be terminated and their his/her severance allowance paid forthwithforth- with. Where the employee renounces the right of recall during this the period, the employee will be terminated and his/her severance allowance paid forthwith with all seniority and recall rights being forfeited. No payment will be made under this section in cases where the employee has already qualified under Article XXIIXXIV, Section 5, Job Elimination, or under Article XXIXXIII, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' days notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his or her last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: Years of Employment Severance Allowance Employment Weeks/yr.* or % of Earnings 1st ten years 2 41 1/2 3% Subsequent years 1 2% Maximum Severance MAXIMUM SEVERANCE 45 weeks 1800 hours Allowance * ALLOWANCE *Computed on the basis of forty (40) straight time hours at the employee’s regular rate. For employees with a minimum of one (1) year’s years’ employment during their last period of continuous service, severance allowance shall not be less than four (4four(4) weeks’ pay. At the time of separation the employee shall have the option of receiving the severance allowance on termination, or he/she may elect to have his/her severance allowance held in abeyance for up to one one(1) year from the date of termination. They He/she may apply in writing at any time during the year, at which time their his/her full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI is elected, the employee’s severance allowance will be held in abeyance for the duration of their his/her recall rights at which time the employee will be terminated and their his/her severance allowance paid forthwith. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her severance allowance paid forthwith with all seniority and recall rights being forfeited. No payment will be made under this section in cases where the employee has already qualified under Article XXIIXXIV, Section 5, Job Elimination, or under Article XXIXXIII, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' days notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his their last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: Years of Severance Allowance Employment Weeks/yr.* or % of Earnings 1st ten twenty years 2 4% Subsequent years 1 2% Maximum Severance 45 weeks 1800 hours Allowance * Xxx Xxxxxxxxx allowance *52 Weeks 2080 Hours *Computed on the basis of forty (40) straight time hours at the employee’s regular rate. Employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination. For employees with a minimum of one (1) year’s 's employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ ' pay. At the time of separation the employee shall have the option of receiving the their severance allowance on termination, or he/she they may elect to have his/her their severance allowance held in abeyance for up to one year from the date of termination. They may apply in writing at any time during the year, at which time their full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI XVII is elected, the employee’s severance allowance will be held in abeyance for the duration of their recall rights at which time the employee will be terminated and their severance allowance paid forthwith. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her their severance allowance paid forthwith with all seniority and recall rights being forfeited. No payment will be made under this section in cases where the employee has already qualified under Article XXII, Section 5, Job Elimination, or under Article XXI, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: . Years of Employment Severance Allowance Employment Weeks/yr.Year* or % of Earnings Earning 1st ten years Ten Years 2 4% Subsequent years Years Maximum Service Allowance 1 45 Weeks 2% Maximum Severance 45 weeks 1800 hours Allowance * Computed on the basis of forty (40) straight time hours at the employee’s regular rate. Hours For employees with a minimum of one (1) year’s years employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. At the time of separation the employee shall have the option of receiving the severance allowance on termination, or he/she may elect to have his/her severance allowance held in abeyance for up to one one (1) year from the date of termination. They He/she may apply in writing at any time during the year, at which time their his/her full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI is elected, the employee’s severance allowance will be held in abeyance for the duration of their recall rights at which time the employee will be terminated and their severance allowance paid forthwith. Where the employee renounces the right of recall during this the period, the employee will be terminated and his/her severance allowance paid forthwith with all seniority and recall rights being forfeited. No payment will be made under this section in cases where the employee has already qualified under Article XXIIXXIV, Section 5, Job Elimination, or under Article XXIXXIII, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' days notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job 3 A. Any non-probationary Employee // whose employment is available because of mechanization, technological change or automation will, upon termination, receive involuntarily interrupted while 4 // they are in a position covered by this Agreement // will be paid the severance allowance calculated by one 5 // set forth in Paragraph B. of this Article//, subject, however, to the limitations and 6 qualifications and in accordance with the terms set out in Paragraphs B. through F. 7 B. The Company will pay non-probationary Employees two following methods based on his last period (2) weeks of continuous service, it being the choice severance per 10 C. Computation and method of the affected employee as to which payment -- A week of such methods of calculation is used: Years of Severance Allowance Employment Weeks/yr.* or % of Earnings 1st ten years 2 4% Subsequent years 1 2% Maximum Severance 45 weeks 1800 hours Allowance * Computed severance allowance // will be computed 11 on the basis of the Employee’s regular straight time hourly rate at the time of their // 12 employment interruption multiplied by forty (40) straight time hours hours. Severance allowances // will be 13 paid at the employee’s regular ratesuccessive payroll periods immediately following the date employment is 14 interrupted and // will continue to be paid until the Employee is recalled or the severance 15 allowance entitlement is exhausted, whichever occurs sooner. For employees Holiday pay, as outlined in 16 Article 7 of this Agreement, // will not apply when computing severance pay. 17 D. Disallowance -- Severance allowances // will not be paid when the Employee: 18 1. is discharged for just cause, retires or resigns; 19 2. has their // employment temporarily interrupted because of a strike or picketing of 20 Company premises, an act of God, a national war emergency, revocation of the // 21 Company's operating certificate(s) or grounding of the // Company's aircraft by 22 governmental order; or 23 3. fails to exercise any seniority, bumping, or transfer rights afforded // the Employee 24 under this Agreement to remain in active service with the // Company, or accepts other 25 employment offered by the // Company. 26 E. The severance allowances provided herein // will be in addition to any or all other benefits 27 provided under this Agreement. 28 F. An Employee who has received a minimum of one (1) year’s employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. At under this Article and who has been 29 recalled to work under the time provisions of separation this Agreement and whose employment is again 30 involuntarily interrupted under conditions which entitle the employee shall have the option of receiving the // Employee to severance 31 allowance on termination, or he/she may elect to have his/her severance allowance held in abeyance for up to one year from the date of termination. They may apply in writing at any time during the year, at which time their full severance allowance // will be paid forthwiththe amount specified for their // total years of service with the // 32 Company. Where the right of For any Employee accepting a recall and seniority retention under Article XXI is elected, the employee’s severance allowance to a temporary job (less than sixty (60) 33 calendar days) this Paragraph will be held in abeyance for the duration of their recall rights at which time the employee will be terminated and their severance allowance paid forthwithnot apply. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her severance allowance paid forthwith with all seniority and recall rights being forfeited. No payment will be made under this section in cases where the employee has already qualified under Article XXII, Section 5, Job Elimination, or under Article XXI, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' notice of separation.1 ARTICLE 20

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his their last period of continuous service, it being . It will be the choice of the affected employee as to which of such methods of calculation is used: Years of Employment Severance Allowance Employment Weeks/yr.* or % Weeks per year of Earnings service Percentage of earnings 1st ten years Twenty (20) Years 2 4% Subsequent years Years 1 2% Maximum Severance 45 weeks 1800 hours Allowance * Computed on the basis of forty 52 Weeks 2080 Hours (40b) straight time hours at the employee’s regular rate. For employees with a minimum of one (1) year’s year of employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. . (c) At the time of separation the employee shall have the option of receiving the severance allowance on termination, or he/she may elect to have his/her the severance allowance held in abeyance for up to one upto one (1) year from the date of termination. They The employee may apply in writing at any time during the year, at which time their the full severance allowance will be paid forthwith. . (d) Where the right of recall and seniority retention under Article XXI is elected, the employee’s 's severance allowance will be held in abeyance for the duration of their recall rights at which time the employee employees will be terminated and their severance allowance paid forthwith. . (e) Where the employee renounces the right of recall during this period, the employee will be terminated and his/her severance allowance paid forthwith with all seniority and recall rights being forfeited. . (f) No payment will be made under this section in cases where the employee has already qualified under Article XXIIXXIV, Section 5, Job Elimination, or under Article XXIXXIII, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his their last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: Years of Employment Weeks per Year of Service Severance Allowance Employment Weeks/yr.* or % of Earnings 1st ten years Twenty Years 2 4% Subsequent years 1 2% Maximum Severance 45 weeks 1800 Allowance *52 Weeks 2080 hours Allowance * *Computed on the basis of forty (40) straight time hours at the employee’s regular rate. For employees with a minimum of one (1) year’s years’ employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. At the time of separation the employee shall have the option of receiving the severance allowance on termination, or he/she they may elect to have his/her their severance allowance held in abeyance for up to one (1) year from the date of termination. They may apply in writing at any time during the year, at which time their full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI XVII is elected, the employee’s severance allowance will be held in abeyance for the duration of their recall rights at which time the employee will be terminated and their severance allowance paid forthwith. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her their severance allowance paid forthwith with all seniority and recall rights being forfeited. Employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination. No payment will be made under this section in cases where the employee has already qualified under Article XXII, Section 5, Job Elimination, or under Article XXI, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' ’ notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: Years of Employment Severance Allowance Employment Weeks/yrYr.* or % of Earnings 1st ten years 2 4% Subsequent years Years 1 2% Maximum Severance 45 weeks 1800 hours Allowance * Computed on the basis of forty (40) straight time hours at the employee’s regular rate. For employees with a minimum of one (1) year’s years’ employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ weeks pay. At the time of separation the separation, an employee shall have the option of receiving the severance allowance on termination, or he/she may elect to have his/her the severance allowance held in abeyance for up to one (1) year from the date of termination. They The employee may apply in writing at any time during the year, at which time their the full severance allowance will be paid forthwith. Where the employee elects the right of recall and seniority retention under Article XXI is electedXXI, the employee’s severance allowance will be held in abeyance for the duration of their the recall rights rights, at which time the employee will be terminated and their severance allowance paid forthwith. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her the severance allowance paid forthwith forthwith, with all seniority and recall rights being forfeited. No payment will be made under this section in cases where the an employee has already qualified under Article XXIIXXIII - Permanent Mill Closure, Section 5, Job Elimination2, or under Article XXIXXIV - Job Elimination, Section 2, Permanent Mill Closure5. (b) Such employees for whom no employment is available will be given at least thirty (30) days' days notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his last period of continuous service, it being the choice of the affected employee as to which of such methods of calculation is used: Years of Employment Severance Allowance Employment Weeks/yr.* or Weeks Per Year of Service % of Earnings 1st ten years Twenty (20) Years 2 4% Subsequent years Years 1 2% Maximum Severance 45 weeks 1800 hours Allowance 52 Weeks * 2080 Hours * Computed on the basis of forty (40) straight time hours at the employee’s regular rate. For employees with a minimum of one (1) year’s years’ employment during their last period of continuous service, severance allowance shall not be less than four (4) weeks’ pay. At the time of separation the employee shall have the option of receiving the severance allowance on termination, or he/she he may elect to have his/her his severance allowance held in abeyance for up to one (1) year from the date of termination. They He may apply in writing at any time during the year, at which time their his full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI is elected, the employee’s severance allowance will be held in abeyance for the duration of their his recall rights at which time the employee will be terminated and their his severance allowance paid forthwith. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her his severance allowance paid forthwith with all seniority and recall rights being forfeited. Employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of termination. No payment will be made under this section in cases where the employee has already qualified under Article XXIIXXIV, Section 5, Job Elimination, or under Article XXIXXIII, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanizationmecha- nization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his last period peri- od of continuous service, it being the choice of the affected employee as to which of such methods of calculation cal- culation is used: Years of Severance Allowance Employment Weeks. weeks/yr.* or % of Earnings 1st ten years 2 4% Subsequent years 1 2% Maximum Severance 45 Allowance45 weeks 1800 hours Allowance * *Computed on the basis of forty (40) straight time hours at the employee’s regular rate. For employees with a minimum of one (1) year’s employment years employ- ment during their last period of continuous service, severance sever- ance allowance shall not be less than four (4) weeks’ pay. At the time of separation the employee shall have the option of receiving the severance allowance on terminationtermina- tion, or he/she may elect to have his/her severance allowance held in abeyance for up to one (1) year from the date of termination. They He/she may apply in writing at any time during the year, at which time their his/her full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI is elected, the employee’s severance allowance will be held in abeyance for the duration of their his/her recall rights at which time the employee will be terminated and their his/her severance allowance paid forthwith. Where the employee renounces the right of recall during this the period, the employee will be terminated and his/her severance allowance paid forthwith with all seniority and recall rights being forfeited. No payment will be made under this section in cases where the employee has already qualified under Article XXIIXXIV, Section 5, Job Elimination, or under Article XXIXXIII, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' days notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of continuous service for whom no job is available because of mechanization, technological change or automation will, upon termination, receive a severance allowance calculated by one of the two following methods based on his his/her last period of continuous service, service it being the choice of the affected employee as to which of such methods of calculation is used: . Years of Employment Severance Allowance Employment Weeks/yrYr.* or % of Earnings 1st ten years Ten Years 2 4% Subsequent years 1 2% Maximum Severance MAXIMUM SEVERANCE 45 weeks 1800 hours Allowance * ALLOWANCE *Computed on the basis of forty (40) straight time hours at the employee’s employees’ regular rate. For employees with a minimum of one (1) year’s employment during their last period of continuous service, severance allowance shall not be less than four (4four(4) weeks’ weeks pay. At the time of separation separation, the employee shall have the option of receiving the severance allowance on termination, or he/she may elect to have his/her severance allowance held in abeyance for up to one (1) year from the date of termination. They He/she may apply in writing at any time during the year, at which time their his/her full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI XVII (JLA) is elected, the employee’s severance allowance will be held in abeyance for the duration of their his/her recall rights at which time the employee will be terminated and their his/her severance allowance paid forthwith. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her severance allowance paid forthwith with all seniority and recall rights being forfeited. No payment will be made under this section in cases where the employee has already qualified under Article XXII, Section 5, Job Elimination, or under Article XXI, Section 2, Permanent Mill Closure. (b) Such employees for whom no employment is available will be given at least thirty (30) days' ’ notice of separation.

Severance Allowance. (a) An employee with one (1) or more years of service who is permanently laid off due to lack of work or reduction in force shall have entitlement to two (2) weeks severance pay for the first year of service plus one additional week for each full year of continuous service for whom no job is available because thereafter, to a maximum of mechanization12 weeks entitlement . (b) Permanent layoff shall be defined as a layoff in excess of ninety (90) days in duration, technological change or automation willor, upon termination, if the employee shall elect to receive a their severance allowance calculated by one of the two following methods based on his last period of continuous service, it being the choice of the affected entitlement within said ninety day period. Such election must be made in writing to Edison Credit Union. (c) An employee as who elects to which of such methods of calculation is used: Years of Severance Allowance Employment Weeks/yr.* or % of Earnings 1st ten years 2 4% Subsequent years 1 2% Maximum Severance 45 weeks 1800 hours Allowance * Computed on the basis of forty (40) straight time hours at the employee’s regular rate. For employees with a minimum of one (1) year’s employment during receive their last period of continuous service, severance allowance shall not forfeit all recall and seniority rights and will terminate the employment status of the employee. (d) An employee may elect, in writing, to waive their severance pay, thereby retaining all recall and seniority rights as provided under Article V, Section 2 (c), of this Agreement. (e) No employee shall be less than four eligible for severance pay if the employee resigns, is discharged for cause, or leaves the service of Edison Credit Union due to physical disability. (4f) weeks’ payThe employee may elect to be compensated for the severance pay either in a single lump sum or in equal payments in lieu of continued salary. At If employee dies before receiving the full severance allowance, the remaining balance shall be paid to the employee's surviving spouse, if any, and if none, to the employee's surviving children, if any. (g) Severance pay shall be calculated based on the employee's normal rate of pay at the time of separation the layoff. (h) Notwithstanding any other provision of this Article, an employee shall have the option to receive Severance Pay in the amounts outlined above, if, as a result of receiving the severance allowance on terminationsale, merger, assignment, or he/she may elect to have his/her severance allowance held in abeyance for up to one year from other transfer of all, or substantially all of the date assets or operations of termination. They may apply in writing at any time during the year, at which time their full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI is elected, the employee’s severance allowance will be held in abeyance for the duration of their recall rights at which time the employee will be terminated and their severance allowance paid forthwith. Where the employee renounces the right of recall during this periodEdison Credit Union, the employee will be terminated and his/her severance allowance paid forthwith with all seniority and recall rights being forfeited. No payment will be made under this section suffers a loss of job or a reduction in cases where the employee has already qualified under Article XXII, Section 5, Job Elimination, employee's rate of pay or under Article XXI, Section 2, Permanent Mill Closurebenefits. (b) Such employees for whom no employment is available will be given at least thirty (30) days' notice of separation.

Severance Allowance. (a) An 29.1 Any employee with one (1) year or more years of continuous service under this Agreement who is laid off for whom no job any reason other than those set forth in paragraph 29.2 and 29.5 shall receive severance pay as set forth in paragraph 29.4. 29.2 Severance allowance will not be paid if the layoff is available because a result of mechanizationan Act of God, technological change a national war emergency, dismissal for cause, resignation, retirement, uncompensated government shutdown, or automation willa strike or picketing causing a temporary cessation of work. 29.3 At the time of layoff, upon termination, receive a the Company shall advise the employee in writing of the reasons for his release. 29.4 The amount of severance allowance calculated by one of payable under this Article to employees eligible is set forth in the two following methods table and shall be based on his last period the length of continuous service, it being compensated service under this Agreement with the choice Company from the date of employment and shall be in addition to all other benefits set forth in the affected employee as to which Agreement. A week of such methods of calculation is used: Years of Severance Allowance Employment Weeks/yr.* or % of Earnings 1st ten years 2 4% Subsequent years 1 2% Maximum Severance 45 weeks 1800 hours Allowance * Computed severance shall be computed on the basis of the employee's regular straight time hourly rate at the time of layoff multiplied by forty (40) straight time hours at hours. 1 Year 3 Weeks 29.5 Severance allowance shall not be granted when: (1) the employee’s regular rateemployee has not applied for employment with the successor employer; (2) the employee is offered a job in a lower classification and elects to accept it in accordance with Article 20 of the Agreement between the parties; (3) the employee is offered employment of the same, similar, or greater responsibility or skill by a successor contractor to the XXXXX Contract. 29.6 An employee recalled to work under the terms of said Article 20 after being on layoff, who is again laid off under conditions that would entitle him to severance allowance, shall be entitled to the amount specified for their years of compensated service with the Company in accordance with paragraph 29.4 of this Article, less the amount received on the occasion of the previous severance. For employees To illustrate, an employee with a minimum ten (10) years of service who is laid off will receive eleven (11) weeks of severance. The employee is recalled from layoff one (1) year’s employment during their last period year later. After working another eighteen (18) months the employee is again laid off. In this case, the employee would receive three (3) weeks of continuous service, severance. 29.7 An employee who has been given severance allowance shall not be less than four (4) weeks’ pay. At at the time of separation layoff and who is rehired in less than the employee shall have the option number of receiving weeks covered by the severance allowance on termination, (plus an additional two (2) weeks if he also received two (2) weeks pay in lieu of notice) will have the amount of overpayment deducted from his subsequent earnings. 29.8 Employee’s voluntary 401K contributions will not be deducted from severance pay or he/she may elect to have his/her severance allowance held in abeyance for up to one year vacation accrual settlement pay upon termination of employment from the date of termination. They may apply in writing at any time during the year, at which time their full severance allowance will be paid forthwith. Where the right of recall and seniority retention under Article XXI is elected, the employee’s severance allowance will be held in abeyance for the duration of their recall rights at which time the employee will be terminated and their severance allowance paid forthwith. Where the employee renounces the right of recall during this period, the employee will be terminated and his/her severance allowance paid forthwith with all seniority and recall rights being forfeited. No payment will be made under this section in cases where the employee has already qualified under Article XXII, Section 5, Job Elimination, or under Article XXI, Section 2, Permanent Mill ClosureCompany. (b) Such employees for whom no employment is available will be given at least thirty (30) days' notice of separation.