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.
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:
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 board liability, 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. 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.
Severance Entitlements. 66.1 An employee who is terminated by the Managing Director on the grounds that he or she is excess to the requirements of DHA 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, subject to any minimum amount the employee is entitled to under the National Employment Standards.
Severance Entitlements. The Company will give the employee, no later than the time of termination, a Certificate of Service, indicating the reason for termination as redundancy. Redundancy payments will be paid to each employee who was engaged by the company prior to the operational date of this agreement as contained in clause 5 as follows:
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. 3.6.1 A lump sum payment of $5,000 (pro-rata for part-time employees)
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.
Severance Entitlements. 75.1 Where an employee’s employment is terminated as an excess employee, he or she is entitled to a severance payment equal to two weeks salary for each completed year of continuous service plus a pro rata severance payment for completed months of service since the last completed year of service.
