Severance Allowance. Such employees shall be entitled to a severance allowance of two (2) weeks per year of service to a maximum of sixty (60) weeks based on the employee’s years of employment during the employee’s last period of continuous service computed on the basis of forty (40) straight time hours per week at the employee’s regular rate. For employees with a minimum of one (1) years' employment during their last period of continuous service, severance allowance shall not be less than 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. No payment will be made under this section in cases where the employee has already qualified under Article XXII, Section 6, Job Security, or under Article XXIV, Section 5, Job Elimination.
Appears in 3 contracts
Samples: Labour Agreement, Labour Agreement, Labour Agreement
Severance Allowance. Such employees shall be entitled to a severance allowance of two (2) weeks pay per year of service to a maximum of sixty (60) weeks based on the employee’s years of employment during the employee’s last period of continuous service and is computed on the basis of forty (40) straight time hours per week at the employee’s regular rate. For employees with a minimum of one (1) years' ’ employment during their last period of continuous service, service severance allowance shall not be less than 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. No payment will be made under this section in cases where the employee has already qualified under Article XXII, Section 6, Job Security, or under Article XXIV, Section 5, Job Elimination.
Appears in 3 contracts
Samples: Labour Agreement, Labour Agreement, Labour Agreement
Severance Allowance. Such employees shall be entitled to a severance allowance of two (2) weeks per year of service to a maximum of sixty (60) weeks based on the employee’s their years of employment during the employee’s their last period of continuous service computed on the basis of forty (40) straight time hours per week at the employee’s regular rate. For employees with a minimum of one rate on the following basis:
(1a) years' employment during their last period of continuous service, severance allowance shall not be less than four two (42) weeks pay. Employees per year of service to a maximum sixty (60) weeks
(b) employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of terminationtermination 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. No payment will be made under this section in cases where the employee has already qualified under Article XXIIXX, Section 6, Job Security, or under Article XXIVXXII, Section 5, Job Elimination.
Appears in 2 contracts
Samples: Labour Agreement, Labour Agreement
Severance Allowance. Such employees shall be entitled to a severance allowance of two (2) weeks per year of service to a maximum of sixty (60) weeks based on the employee’s years of employment during the employee’s last period of continuous service computed on the basis of forty (40) straight time hours per week at the employee’s regular rate. For employees with a minimum of one (1) years' 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. 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 6, Job Security, or under Article XXIV, Section 5, Job Elimination.
Appears in 2 contracts
Samples: Labour Agreement, Labour Agreement
Severance Allowance. Such employees shall be entitled to a severance allowance of two (2) weeks per year of service to a maximum of sixty (60) weeks based on the employee’s their years of employment during the employee’s their last period of continuous service computed on the basis of forty (40) straight time hours per week at the employee’s regular rate. For employees with a minimum of one rate on the following basis:
(1a) years' employment during their last period of continuous service, severance allowance shall not be less than four two (42) weeks pay. Employees per year of service to a maximum sixty (60) weeks
(b) employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of terminationtermination 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. No payment will be made under this section in cases where the employee has already qualified qualified under Article XXIIXX, Section 6, Job Security, or under Article XXIVXXII, Section 5, Job Elimination.
Appears in 2 contracts
Samples: Labour Agreement, Labour Agreement
Severance Allowance. (a) Such employees shall be entitled to a severance allowance of two (2) weeks per year of service to a maximum of sixty (60) weeks weeks, based on the employee’s years of employment during the employee’s last period of continuous service computed on the basis of forty (40) straight time hours per week at the employee’s regular rate. .
(b) For employees with a minimum of one (1) years' 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. .
(c) No payment will be made under this section in cases where the employee has already qualified under Article XXII, Section 6, Job Security, or under Article XXIV, Section 5, Job Elimination.
Appears in 2 contracts
Samples: Labour Agreement, Labour Agreement
Severance Allowance. Such employees shall be entitled to a severance allowance of two (2) weeks per year of service to a maximum of sixty (60) weeks based on the employee’s their years of employment during the employee’s their last period of continuous service computed on the basis of forty (40) straight time hours per week at the employee’s 's regular rate. For employees with a minimum of one rate on the following basis:
(1a) years' employment during their last period of continuous service, severance allowance shall not be less than four two (42) weeks pay. Employees per year of service to a maximum sixty (60) weeks
(b) employees will have their welfare coverage continued for the current month plus two (2) additional months from their date of terminationtermination 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. No payment will be made under this section in cases where the employee has already qualified under Article XXIIXX, Section 6, Job Security, or under Article XXIVXXII, Section 5, Job Elimination.
Appears in 1 contract
Samples: Labour Agreement
Severance Allowance. Such employees shall be entitled to a severance allowance of two (2) weeks pay per year of service to a maximum of sixty (60) weeks based on the employee’s years of employment during the employee’s last period of continuous service and is computed on the basis of forty (40) straight time hours per week at the employee’s regular rate. For employees with a minimum of one (1) years' ’ employment during their last period of continuous service, service severance allowance shall not be less than 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. No payment will be made under this section in cases where the employee has already qualified qualified under Article XXII, Section 6, Job Security, or under Article XXIV, Section 5, Job Elimination.
Appears in 1 contract
Samples: Labour Agreement
Severance Allowance. Such employees shall be entitled to a severance allowance of two (2) weeks per year of service to a maximum of sixty (60) weeks based on the employee’s years of employment during the employee’s their last period of continuous service computed on the basis of forty (40) straight time hours per week at the employee’s regular raterate on the following basis: 2 week’s pay per year to a maximum of sixty (60) weeks. For employees with a minimum of one (1) years' ’ 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. No payment will be made under this section in cases where the employee has already qualified under Article XXIIXX, Section 6, Job Security, or under Article XXIVXXII, Section 5, Job Elimination.
Appears in 1 contract
Samples: Labour Agreement
Severance Allowance. Such employees shall be entitled to a severance allowance of two (2) weeks per year of service to a maximum of sixty (60) weeks based on the employee’s years of employment during the employee’s last period of continuous service computed on the basis of forty (40) straight time hours per week at the employee’s regular rate. For employees with a minimum of one (1) years' ’ 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. No payment will be made under this section in cases where the employee has already qualified under Article XXII, Section 6, Job Security, or under Article XXIV, Section 5, Job Elimination.
Appears in 1 contract
Samples: Labour Agreement
Severance Allowance. Such employees shall be entitled to a severance allowance of two (2) weeks per year of service to a maximum of sixty (60) weeks based on the employee’s 's years of employment during the employee’s 's last period of continuous service computed on the basis of forty (40) straight time hours per week at the employee’s 's regular rate. For employees with employeeswith a minimum of one (1) years' employment during their last period of continuous service, service severance allowance shall not be less than 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. No payment will be made under this section in cases where the employee has already qualified under Article XXII, Section 6, Job lob Security, or under Article XXIV, Section 5, Job Elimination.
Appears in 1 contract
Samples: Labour Agreement