SEVERANCE NOTICE AND PAY. 13.1 Employees will be given four (4) months’ notice, or an equivalent amount of notice and pay, if the employee’s position is terminated and the employee laid off as a result of the dissolution or discontinuance of a department, faculty, school or academic program or the employee’s position is declared redundant.
13.2 Employees whose employment is terminated for reasons other than discipline, retirement or resignation, shall be entitled to receive two (2) weeks’ pay for each year of continuous service to a maximum of twenty-six
SEVERANCE NOTICE AND PAY. In the event QLT terminates Xx. Xxxxxxxxx’x employment as set out in paragraph 5.2, Xx. Xxxxxxxxx will be entitled to:
SEVERANCE NOTICE AND PAY. In the event QLT terminates Dr. Curaudeau's employment as set out in paragraph 5.2, Dr. Curaudeau shall be entitled to:
(a) NOTICE - Advance written notice of termination ("SEVERANCE NOTICE"), or pay in lieu thereof ("SEVERANCE Pay"), or any combination of Severance Notice and Severance Pay, as more particularly set out below:
I. A minimum of six months Severance Notice, or Severance Pay in lieu thereof, and
II. One additional month's Severance Notice for each complete year of continuous employment with the Company, up to a maximum total of 24 months' Severance Notice, or Severance Pay in lieu of Severance EXHIBIT 10.80
SEVERANCE NOTICE AND PAY. In the event QLT USA terminates Xx. Xxxxxx'x employment as set out in paragraph 5.2, Xx. Xxxxxx will, subject to paragraph 5.5, be entitled to:
SEVERANCE NOTICE AND PAY. In the event QLT terminates Xx. Xxxxxxxxxx'x employment as set out in
SEVERANCE NOTICE AND PAY. In the event QLT terminates Xx. Xxxxxx'x employment as set out in paragraph 5.2, Xx. Xxxxxx will be entitled to:
(a) NOTICE -- Advance written notice of termination ("SEVERANCE NOTICE"), or pay in lieu thereof ("SEVERANCE PAY"), or any combination of Severance Notice and Severance Pay, as more particularly set out below:
I. A minimum of six months Severance Notice, or Severance Pay in lieu thereof, and
II. One additional month's Severance Notice, or Severance Pay in lieu thereof, for each complete year of continuous employment with QLT (which, for greater certainty commenced on May 23, 2000, up to a maximum total of 24 months' Severance Notice, or Severance Pay in lieu of Severance Notice. XX. XXXXXX ACKNOWLEDGES AND AGREES THAT SEVERANCE PAY IS IN RESPECT OF BASE SALARY ONLY AND WILL BE MADE ON A BI-WEEKLY OR MONTHLY BASIS, AT QLT'S DISCRETION.
(b) BENEFITS -- Except as set out below, for 30 days after Xx. Xxxxxx'x Last Active Day, all employee benefit plan coverage enjoyed by Xx. Xxxxxx and his dependents prior to the date of termination. Thereafter, and in lieu of employee benefit plan coverage, Xx. Xxxxxx will receive compensation ("BENEFITS COMPENSATION") in the amount of 10% of his base salary for the balance of his Severance Notice period. Xx. Xxxxxx acknowledges and agrees that pension and short and long term disability plans provided through QLT will not be continued beyond Xx. Xxxxxx'x Last Active Day.
(c) OUT PLACEMENT COUNSELING -- QLT will pay to an out placement counseling service (to be agreed to by Xx. Xxxxxx and QLT, each acting reasonably) a maximum of Cdn$5,000 for assistance rendered to Xx. Xxxxxx in seeking alternative employment.
(d) OTHER COMPENSATION -- QLT will provide the following additional compensation:
I. QLT will reimburse (in accordance with QLT's Policy and Procedures Manual, as amended from time to time) Xx. Xxxxxx for all reasonable business related promotion, entertainment and/or travel expenses incurred by Xx. Xxxxxx on or prior to his Last Active Day, subject to the expense reimbursement provisions set out in subparagraph 2.1(c).
II. QLT will make a payment to Xx. Xxxxxx in respect of his accrued but unpaid vacation pay to the date of termination of his employment with QLT.
III. QLT will make a prorated contribution to Xx. Xxxxxx'x RRSP, the pro-ration to be with respect to the portion of the current calendar year worked by Xx. Xxxxxx and the contribution to be subject to the conditions set out in subparagraph 2.1(e), ...
SEVERANCE NOTICE AND PAY. In the event QLT terminates Xx. Xxxxxx’x employment as set out in paragraph 5.2, Xx. Xxxxxx will be entitled to:
(a) Notice — Advance written notice of termination (“Severance Notice”), or pay in lieu thereof (“Severance Pay”), or any combination of Severance Notice and Severance Pay, as more particularly set out below:
I. A minimum of six (6) months Severance Notice, or Severance Pay in lieu thereof, and
II. One additional month’s Severance Notice, or Severance Pay in lieu thereof, for each complete year of continuous employment with QLT, up to a maximum total of 12 months’ Severance Notice, or Severance Pay in lieu of Severance Notice. Xx. Xxxxxx acknowledges and agrees that Severance Pay is in respect of base salary only and will be made on a bi-weekly or monthly basis, at QLT’s discretion.
SEVERANCE NOTICE AND PAY. In the event QLT terminates Xx. Xxxxxx’x employment as set out in paragraph 5.2, Xx. Xxxxxx will be entitled to:
(a) Notice — Advance written notice of termination (“Severance Notice”), or pay in lieu thereof (“Severance Pay”), or any combination of Severance Notice and Severance Pay of twelve (12) months Severance Notice, or Severance Pay in lieu thereof. Xx. Xxxxxx acknowledges and agrees that Severance Pay is in respect of base salary only and will be made on a bi-weekly or monthly basis, at QLT’s discretion.
SEVERANCE NOTICE AND PAY. In the event QLT terminates Mr. Newell's employment as set out in paragraph 5.2, Mr. Newell xxxxx xx xxtitled to:
(a) NOTICE - Advance written xxxxxx xx termination ("SEVERANCE NOTICE"), or pay in lieu thereof ("SEVERANCE Pay"), or any combination of Severance Notice and Severance Pay, as more particularly set out below:
I. A minimum of six months Severance Notice, or Severance Pay in lieu thereof, and
II. One additional month's Severance Notice for each complete year of continuous employment with the Company, up to a maximum total of 24 months' Severance Notice, or Severance Pay in lieu of Severance Notice. Mr. Newell acknowledges and agrees that Severance Pay is in xxxxxxx xf base salary only and will be made on a bi-weekly or monthly basis, at the Company's discretion.
SEVERANCE NOTICE AND PAY. In the event QLT terminates Mx. X’Xxxxxxxxx’x employment as set out in paragraph 5.2, Mx. X’Xxxxxxxxx will be entitled to:
(a) Notice — Advance written notice of termination (“Severance Notice”) or pay in lieu notice of termination (“Severance Pay”), or any combination of Severance Notice and Severance Pay, as more particularly set out below:
I. A minimum of twelve months Severance Notice, or Severance Pay in lieu thereof, and
II. One additional month’s Severance Notice, or Severance Pay in lieu thereof, for each complete year of continuous employment with QLT, up to a maximum total of 24 months’ Severance Notice, or Severance Pay in lieu of Severance Notice. Mx. X’Xxxxxxxxx acknowledges and agrees that Severance Pay is in respect of base salary only and, provided Mx. X’Xxxxxxxxx executes and provides to QLT the release referred to in paragraph 5.5(b) within the time period specified therein all Severance Pay will be paid to Mx. X’Xxxxxxxxx within 30 days of his Last Active Day. If Mx. X’Xxxxxxxxx does not execute and provide to QLT such release within that time period, QLT will pay to Mx. X’Xxxxxxxxx the Sxxxxxxxx pay on a bi-weekly or monthly basis, at QLT’s discretion.
