Common use of Severance Pay - Contracting Out Clause in Contracts

Severance Pay - Contracting Out. In the event that an employee who is being laid off as a result of contracting out exercises his/her option to waive the recall procedure, as herein set out, he/she shall be entitled to severance pay based on one (1) week's pay at his/her current salary for each year of service.

Severance Pay - Contracting Out. In the event that an employee who is being laid off as a result of contracting out exercises his/her their option to waive the recall procedure, as herein set out, he/she they shall be entitled to severance pay based on one (1) week's pay at his/her their current salary for each year of service.

Severance Pay - Contracting Out. In the event that an employee a Regular Part-Time Employee who is being laid off as a result of contracting out exercises his/her their option to waive the recall procedure, as herein set out, he/she they shall be entitled to severance pay based on one (1) weekthe employee's pay at his/her current salary regular wages for a regular work week multiplied by each year of service.

Severance Pay - Contracting Out. In the event that an employee who is being laid off as a result of contracting out exercises his/her option to waive the recall procedure, as herein set out, he/she shall be entitled to severance pay based on one (1) week's weeks pay at his/her current salary for each year of service.