Severance Entitlements Sample Clauses

Severance Entitlements. 27.15.1 The severance entitlement of employees pursuant to this Agreement shall consist of the entitlement to severance as provided for in the existing Public Service of Xxxxxxx Xxx, 0000, Management Board of Cabinet Compensation Directive, August 20, 2007, sections 60 to 68, which are hereby incorporated by reference into this Article. 27.15.2 Unless otherwise provided for in this Agreement, severance is payable to the employee one pay period following the date of layoff or such later date as is mutually agreed upon. 27.15.3 Where the employee advises the Employer of preferences for payments under this Article to ensure tax-effective treatment, the Employer will comply subject to requirements at law.

Severance Entitlements. 27.15.1 The severance entitlement of employees pursuant to this Agreement shall consist of the entitlement to severance as provided for in the existing Public Service Act, Regulation 977 Sections 79 through 87, which are hereby incorporated by reference into this Article. 27.15.2 Unless otherwise provided for in this Agreement, severance is payable to the employee one pay period following the date of layoff or such later date as is mutually agreed upon. 27.15.3 Where the employee advises the Employer of preferences for payments under this Article to ensure tax-effective treatment, the Employer will comply subject to requirements at law. 27.15.4 An employee shall not receive payments both under Article 27.15.1 and under Article 38, arising from the same event.

Severance Entitlements. In addition to the period of notice prescribed for ordinary termination in clause 21.1 of this Agreement and subject to further order of the Commission, an employee whose employment is terminated for reasons set out in clause 20.1 (a) is entitled to the following: (a) 4 weeks pay, plus a further 4 weeks pay for each completed year of service. The maximum severance payment under this sub-clause is 52 weeks. (b) Payout of all unused sick leave entitlements. (c) Payout of pro-rata long service leave entitlements after one year of service. (d) Payout of all pro-rata annual leave plus annual leave loading. (e) A statement of employment. (f) Any other legal entitlements.

Severance Entitlements. 95.1 An employee whose employment is terminated by the Chief Executive Officer on the grounds that the employee is an excess employee is entitled to payment of a redundancy benefit of an amount equal to two weeks’ salary for each completed year of continuous service, plus a pro rata payment for completed months of service since the last completed year of service, or the minimum redundancy benefit to which the employee is entitled under the National Employment Standards (NES), whichever is greater. 95.2 The minimum redundancy benefit payable under this clause will be an amount equivalent to 4 weeks’ salary and the maximum redundancy benefit payable under this clause will be an amount equivalent to 48 weeks’ salary. 95.3 For the purposes of Clause 95.1: (a) the redundancy benefit will be calculated on a pro rata basis for any period where an employee has worked part-time hours during their period of service and the employee has less than 24 years full-time service; (b) the following categories of service will be taken into account in calculating an employee’s period of continuous service: (i) service with IBA; and (ii) government service as defined in section 10 of the Long Service Leave Act 1976; (iii) service with the Australian Defence Forces; (iv) Commonwealth service immediately preceding deemed resignation under the repealed section 49 of the Public Service Act 1922; or (v) service with another organisation where an employee was transferred from IBA to that organisation with a transfer of function, or an employee engaged by that organisation on work within a function is appointed as a result of the transfer of that function to IBA, and such service is recognised for long service leave purposes. (c) the period of continuous service of an employee: (i) for a person employed prior to 11 January 2012 ( the Commencement Date of the Indigenous Business Australia Enterprise Agreement 2012 - 2014), is determined by reference to sections 11 and 12 of the Long Service Leave (Commonwealth Employees) Act 1976; and (ii) for a person employed after 11 January 2012, is determined by reference to Part 2.2 Division 11 of the Fair Work Act 2009. Any period of prior service of an employee (which ceased by way of redundancy, retirement on the ground of invalidity, inefficiency or loss of qualifications, forfeiture of office, dismissal, termination of probationary appointment or temporary engagement for reasons of unsatisfactory service, or voluntary retirement at or above...

Severance Entitlements a. Section 3(b) of the Agreement shall be amended to include the following subsection (iv): Notwithstanding any other provision set forth in this Agreement, so long as a good faith effort is made to pay executive severance that is due as if the severance were a liability of the BioCardia Board of Directors, for any termination of Executive without Cause under this provision which results due to a winding up of the business of BioCardia, which is followed by disposition of BioCardia assets, Executive agrees that personal resources that are unrelated to the disposition of BioCardia assets resulting from the winding up of the business of BioCardia of any BioCardia officers or BioCardia directors will not be pursued to cover the severance payments Executive is to receive under this agreement.

Severance Entitlements. 27.15.1 The severance entitlement of employees pursuant to this Agreement shall consist of the entitlement to severance as provided for in the existing Public Service of Ontario Act, 2006, Management Board of Cabinet Compensation Directive, August 20, 2007, sections 60 to 68, which are hereby incorporated by reference into this Article. 27.15.2 Unless otherwise provided for in this Agreement, severance is payable to the employee one pay period following the date of layoff or such later date as is mutually agreed upon. 27.15.3 Where the employee advises the Employer of preferences for payments under this Article to ensure tax-effective treatment, the Employer will comply subject to requirements at law. 27.15.4 An employee shall not receive payments both under Article 27.15.1 and under Article 38, arising from the same event.

Severance Entitlements. In addition to the period of notice prescribed for ordinary termination in clause 19.1 of this Agreement and subject to further order of the Commission, an employee whose employment is terminated for reasons set out in clause 18. 1 (a) is entitled to the following:

Severance Entitlements. 15.1 The severance entitlement of employees pursuant to this Agreement shall consist of the entitlement to severance as provided for in the existing Public Service of Ontario Act, 2006, Management Board of Cabinet Compensation Directive, August 20, 2007, sections 60 to 68, which are hereby incorporated by reference into this Article.

Severance Entitlements. (a) In addition to the period of notice prescribed for ordinary termination in sub-clause 23.1 of this Agreement an employee whose employment is terminated for reasons set out in sub-clause 24.1a is entitled to the following: i. Four (4) weeks’ pay, plus a further four (4) weeks’ pay for each completed year of service. The maximum severance payment under this sub-clause 24.3a is 52 weeks’ pay; ii. Payout of all unused sick leave entitlements; iii. Payout of pro-rata long service leave entitlements after one (1) year of service; iv. Payout of all accrued, but untaken, annual leave entitlements (including leave loading); v. A statement of employment; and vi. Any other legal entitlements. (b) Week's pay" for the purpose of this sub-clause 24.3 means the ordinary time rate of pay for the employee concerned, and includes shift loading and first aid allowance where applicable.

Severance Entitlements. 5.1 Subject to Sections 5.2 and 5.3 hereof, if (i) the Executive’s employment is terminated during the Term, other than (A) by the Company for Cause, (B) by reason of death or Disability, or (C) by the Executive without Good Reason, then the Company shall pay the Executive the amounts, and provide the Executive the benefits, described in this Section 5.1 (“Severance Payments”), in addition to any payments and benefits to which the Executive is entitled under Section 4 hereof; provided, however, that, in the case of clauses (A) and (B) below, Executive shall have executed a release of claims substantially in the form attached as Exhibit A hereto and such release shall become effective within sixty (60) days following the Date of Termination. (A) In lieu of any further salary payments to the Executive for periods subsequent to the Date of Termination and in lieu of any severance benefit otherwise payable to the Executive, the Company shall pay to the Executive a lump sum severance payment, in cash, equal to one and a half (1.5) times the sum of (i) the Executive’s base salary as in effect immediately prior to the Date of Termination or, if higher, in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason, and (ii) the Executive’s target annual bonus under the Management Achievement Plan (the “MAP”) or any other annual incentive compensation plan adopted by the Company in which the Executive participates in respect of the fiscal year in which occurs the Date of Termination or, if higher, such target annual bonus in effect immediately prior to the first occurrence of an event or circumstance constituting Good Reason. (B) Notwithstanding any provision of any annual incentive plan to the contrary, the Company shall pay to the Executive a pro rata portion to the Date of Termination of the bonus amount the Executive would have earned with respect to the year in which the Date of Termination occurs, calculated by multiplying the award that the Executive would have earned for such year, based upon the actual level of achievement of the performance goals established with respect to such award, by the fraction obtained by dividing the number of full months and any fractional portion of a month during such year through the Date of Termination by twelve (12). Such prorated bonus, if any, shall be payable at such time that annual incentives are paid to employees of the Company who have not experienced a termination of employ...