Severance Pay and Technological Change Sample Clauses

Severance Pay and Technological Change. Employees discharged, laid-off or displaced in accordance with Section 20.04 from their job because of technological change shall be entitled to severance pay of one (1) week pay for each year of continuous service and thereafter in increments of completed months of service with the Company.
AutoNDA by SimpleDocs

Related to Severance Pay and Technological Change

  • TECHNOLOGICAL CHANGE During the term of this Agreement any disputes arising in relation to adjustment to technological change shall be discussed between the Bargaining Representatives of the two parties to this Collective Agreement.

  • Medical Benefits The Company shall reimburse the Employee for the cost of the Employee's group health, vision and dental plan coverage in effect until the end of the Termination Period. The Employee may use this payment, as well as any other payment made under this Section 6, for such continuation coverage or for any other purpose. To the extent the Employee pays the cost of such coverage, and the cost of such coverage is not deductible as a medical expense by the Employee, the Company shall "gross-up" the amount of such reimbursement for all taxes payable by the Employee on the amount of such reimbursement and the amount of such gross-up.

  • Conditions of Employment It is a term and condition of employment and of the obligations and rights occurring under this Agreement, that an employee:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!