Severance Pay on Merger or Dissolution Sample Clauses

Severance Pay on Merger or Dissolution. In the event that any employee of the employer will lose employment as a result of a merger or dissolution of the Oxford Elgin Child and Youth Centre, he/she shall be paid one (1) week of severance pay for each year of service to a maximum of twenty-six (26) weeks. The Employer agrees to provide the Union committee with regular updates in the event of a merger or dissolution of the OECYC. Therefore it is agreed prior to any changes in staffing or events that would affect the bargaining unit the Employer will meet with the Union committee to discuss these plans. Should the proposed merger or dissolution of the OECYC result in the displacement, layoff or loss of employment the Employer will provide the effected Employees at least three months notice.
Sample 1
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Related to Severance Pay on Merger or Dissolution

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