Severance Pay - Plant Closure Sample Clauses

Severance Pay - Plant Closure. (a) Employees terminated because of a permanent closure of the operation shall be entitled to severance pay equal to forty (40) hours pay at the currant rate for each year of continuos service and thereafter for partial years in increments of completed months of service with the Company to a maximum of ten (10) weeks. (b) Where the operation is relocated and the employees involved are not required to relocate their place of residence and are not terminated by TSW as a result of the relocation they shall not be entitled to severance pay under this article.
Sample 1
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Severance Pay - Plant Closure a) Employees terminated by the Employer because of permanent closure of the operation shall be entitled to severance pay as calculated using the Schedule of Payment following at their current rate and for partial years, in increments of completed months of service with the Employer to a maximum of thirty-two (32) weeks. Schedule of Payment – Severance Pay: Completed Years Of Service Payment Weeks Per Year of Service Less than 2 as per ESA 11 – 15 1.2 weeks 16 – 20 1.3 weeks 21 plus 1.4 weeks b) Where the operation is relocated and the Employees involved are not required to relocate their place of residence and are not terminated by the Employer as a result of the relocation they shall not be entitled to severance pay under this Article.
Sample 1
Severance Pay - Plant Closure. 15.1 In the event that it becomes necessary to close the plant or a portion of the plant and it is not expected that those affected will be re-employed, severance pay will be paid to employees who have seniority subject to the following: a) They are employees of the Company within the terms of the Collective Agreement at the time of the shutdown or closure and have worked for at least twelve (12) consecutive months as of the date of closure. b) They have not refused an offer of employment by the Company in the same plant or in another unit of the business, the location of which is reasonably accessible to the location of the place of employment, from which the employee is being separated. c) They have not been granted retirement or pension. d) In order to qualify for severance pay upon the closure of the plant, employees will continue to work in a satisfactory manner as long as required by the Company. 15.2 Employees who accept any payment under the provisions of this clause shall on so doing terminate their seniority and employment relationship with the Company and shall have no further rights under this Agreement or under any other Agreement between the signing parties. 15.3 In the event of a plant closing under this provision, the Company will give the Union as much notice as possible in advance of the contemplated closing and the parties will discuss what is expected to take place and how the matter may best be handled. 15.4 A separation allowance or severance pay shall be 2 weeks’ pay per year of completed service. Severance pay shall be paid in one sum as soon as practical after the plant closure.
Sample 1
Severance Pay - Plant Closure. Full-time employees on the payroll with recall rights in accordance with 7.05 (g) shall be paid the equivalent of three (3) weeks for each year of service based on their regular hourly rate of pay to a maximum of fifty two (52) weeks. Sev- erance pay which is paid to an employee shall be deemed to include any severance payments required by law. All severance payments shall be subject to deductions required by law.
Sample 1
Severance Pay - Plant Closure. The Company will give the Union three (3) months' notice of a permanent, partial, or total Plant closure (discontinuance of business). Where lay-offs are caused by the permanent discontinuance of all or part of the business, the Company shall pay an amount equal to one week, forty (40) hours, at their basic rate for every completed year of service to employees with one (1) to fifteen 5) years service. For those employees with greater than fifteen 5) years completed service the Company shall pay one and one-half weeks, sixty (60) hours, at their basic rate for every completed year of service up to a maximum of fifty-two (52) weeks. Employees who elect to receive severance pay at the time of lay-off will forfeit all seniority and recall rights. The parties agree that the following letters or items are part of the Collective Agreement signed by the parties this 15th day of November PAPERWORKERS UNION OF CANADA PLANT AND ITS LOCAL Students Contracting Out Employee Assistance Program President of the Union on Days Medical Specialist Appointments Flex Crew Arrangements The parties agree that the following letters or items are attached for information purposes only, are non-arbitrable, and are not part of the Collective Agreement signed by the parties this 15th day of November PAPERWORKERS UNION OF CANADA PLANT AND ITS LOCAL ITEMS AND LETTERS OF UNDERSTANDING INDEX For Information Purposes Only, Non-arbitrable, Not Part of the Collective Agreement. 5-Day Lay-off Provision Deleted Classification and Re-instatement Utilization of Scrubber Maintenance Vacation Relief Employee Schedule Employment of Employees with Recall Rights Job Descriptions Fire Brigade and/or the Emergency Medical Response Team Overtime Assignment Error Maintenance Department Shift Coverage.. Welding Individualized Employee Benefit Statements June Xxxxx Xxxxxxxxxxx President Communications, Energy and Paperworkers Union, Local Dear Xxxxxxxxxxx: This will confirm the understanding reached between the Company and the Union. Students who bargaining unit work other than general clean-up and labour shall be paid the Operator in Training rate. Students shall also receive overtime and shift premium. No other provisions of the Collective Agreement apply to students. Yours sincerely, CELANESE CANADA INC. MILLHAVEN PLANT Xxxxxx Manager, Relations Canada Inc. Xxxx Xxxxx President Communications, Energy & Paperworkers Union of Canada Local Dear The current committee that reviews contractors presently on sit...
Sample 1

Related to Severance Pay - Plant Closure

  • Severance Plan The term “Severance Plan” shall mean the Assured Guaranty Ltd. Executive Severance Plan.

  • Salaried Employees Employees in this unit who qualify for exemption from the FLSA overtime provisions based upon duties and who are receiving the Project Manager bonus, as provided for in this MOU, shall be treated as salaried employees, in accordance with the provisions of the FLSA as identified in LAAC section 4.113(b). Salaried employees may be assigned 5/40, 4/10 9/80 or other schedules at the discretion of Management. Notwithstanding any LAAC and MOU provisions, or other City department rules and regulations to the contrary, these employees shall not be required to record specific hours of work for compensation purposes, although hours may be recorded for other purposes. These employees will be paid the predetermined salary for each biweekly pay period, as indicated in the appropriate salary appendices, and shall not receive overtime compensation. Salaried employees shall not be subject to deductions from salary or any leave banks for absences from work of less than a full workday. This provision applies to occasional partial day absences from work which are authorized by the appropriate supervisor designated by management. This provision does not apply to long-term or recurring partial day absences (e.g., intermittent leave/reduced work schedule for purposes of Family/Medical Leave). Salaried employees shall not be subject to disciplinary suspension for a period of less than a workweek (seven days; half of the biweekly pay) unless based on violations of a safety rule of major significance. This requirement shall be superseded by the revised Department of Labor FLSA regulations pertaining to disciplinary suspensions of FLSA-exempt employees on the operative date of the FLSA regulations. The appointing authority of each City department may grant time off for hours worked due to unusual situations.

  • Standard Company Benefits Executive shall be entitled to participate in all employee benefit programs for which Executive is eligible under the terms and conditions of the benefit plans that may be in effect from time to time and provided by the Company to its employees. The Company reserves the right to cancel or change the benefit plans or programs it offers to its employees at any time.

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • Public Benefits ‌ 5.1 Developer to provide Public Benefits‌ The Developer must, at its cost and risk, provide the Public Benefits to the City in accordance with this document.

  • Severance Pay and Benefits Upon Termination by the Company without Cause or by the Executive for

  • Health Benefits For the eighteen (18) month period following the Termination Date, provided that Executive is eligible for, and timely elects COBRA continuation coverage, the Company will pay on Executive’s behalf, the monthly cost of COBRA continuation coverage under the Company’s group health plan for Executive and, where applicable, her spouse and dependents, at the level in effect as of the Termination Date, adjusted for any increase in such level paid by the Company for active employees, less the employee portion of the applicable premiums that Executive would have paid had she remained employed during the such eighteen (18) month period (the COBRA continuation coverage period shall run concurrently with the eighteen (18) month period that COBRA premium payments are made on Executive’s behalf under this subsection 1(a)(ii)). The reimbursements described herein shall be paid in monthly installments, commencing on the sixtieth (60th) day following the Termination Date, provided that the first such installment payment shall include any unpaid reimbursements that would have been made during the first sixty (60) days following the Termination Date. Notwithstanding the foregoing, the Company’s payment of the monthly COBRA premiums in accordance with this subsection 1(a)(ii) shall cease immediately upon the earlier of: (A) the end of the eighteen (18) month period following the Termination Date, or (B) the date that Executive is eligible for comparable coverage with a subsequent employer. Executive agrees to notify the Company in writing immediately if subsequent employment is accepted prior to the end of the eighteen (18) month period following the Termination Date and Executive agrees to repay to the Company any COBRA premium amount paid on Executive’s behalf during such period for any period of employment during which group health coverage is available through a subsequent employer. Notwithstanding the foregoing, the Company reserves the right to restructure the foregoing COBRA premium payment arrangement in any manner necessary or appropriate to avoid fines, penalties or negative tax consequences to the Company or Executive (including, without limitation, to avoid any penalty imposed for violation of the nondiscrimination requirements under the Patient Protection and Affordable Care Act or the guidance issued thereunder), as determined by the Company in its sole and absolute discretion.

  • Benefits Plans During the Employment Period, You will be eligible to participate in all benefit plans in effect for executives and employees of the Company, subject to the terms and conditions of such plans.

  • Retiree Medical Benefits If Executive is or would become fifty-five (55) or older and Executive's age and service equal sixty-five (65) and Executive has at least five (5) years of service with the Company within two (2) years of Change in Control, Executive is eligible for retiree medical benefits (as such are determined immediately prior to Change in Control). Executive is eligible to commence receiving such retiree medical benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change in Control.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

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