Common use of Severance Pay - No Pyramiding Clause in Contracts

Severance Pay - No Pyramiding. In deciding the amount of severance pay required to be paid by the College, any pay in lieu of notice or severance pay required to be paid under the Employment Standards Act (Ontario) shall be deemed to be a credit toward the severance pay entitlement under Article 15.5. The intention of this provision is to avoid pyramiding of pay in lieu of notice and severance pay under the Employment Standards Act (Ontario) and the severance pay requirements hereunder.

Severance Pay - No Pyramiding. In deciding the amount of severance pay required to be paid by the College, any pay in lieu of notice or severance sever- ance pay required to be paid under the Employment Standards Act (Ontario) shall be deemed to be a credit cred- it toward the severance pay entitlement under Article 15.5. The intention of this provision is to avoid pyramiding of pay in lieu of notice and severance pay under the Employment Standards Act (Ontario) and the severance pay requirements hereunder.Article