Severance Payout Sample Clauses

Severance Payout. Classified employees retiring under the minimum requirements as determined by the Schools Employees Retirement System of Ohio (SERS) shall receive severance pay as outlined below: Continuous Years of service with the district 5-9 00-00 00-00 20-24 25 and over Percentage Payment 25% 27.5% 30% 33% 37.5%
Sample 1
AutoNDA by SimpleDocs
Severance Payout. Any employee who discontinues his/her services, in accordance with Section 1 above, does not forfeit his/her right to all severance payments required by this Agreement.
Sample 1
Severance Payout. This Xxx, for the term of this agreement, will supersede the current language in Article 8.e. For the provisions of this agreement severance for the purpose of layoff will be 2 (two) weeks for every year of service to a maximum of 24 months. This Letter of Understanding will expire at the end of this agreement. Refer to original language on severance for the provision of layoffs. All of the other conditions of the CBA will remain in effect. LETTER OF UNDERSTANDING #00 xxxxxxx Xxxxxxx Xxxxxxx Xxxxxx - Edmonton and the International Association of Machinists and Aerospace Workers, Local Lodge 1722 UNION MANAGEMENT COMMITTEE A Union Management Committee shall be established consisting of the elected shop stewards and equal representation of management. On the request of either party, the parties shall meet once every three (3) months for the purpose of discussing issues related to the workplace that affect the parties or any Employees bound by this agreement. Any items already addressed by this Collective Agreement, shall not be a part of Union Management meeting agenda. NOTES OR CONTRACT PROPOSALS NOTES OR CONTRACT PROPOSALS CALENDAR 2017 January February March S M T W T F S S M T W T F S S M T W T F S 8 9 10 11 12 13 14 5 6 7 8 9 10 11 5 6 7 8 9 10 11 15 16 17 18 19 20 21 12 13 14 15 16 17 18 12 13 14 15 16 17 18 22 23 24 25 26 27 28 19 20 21 22 23 24 25 19 20 21 22 23 24 25 29 30 31 26 27 28 26 27 28 29 30 31 April May June 2 3 4 5 6 7 8 7 8 9 10 11 12 13 4 5 6 7 8 9 10 9 10 11 12 13 14 15 14 15 16 17 18 19 20 11 12 13 14 15 16 17 16 17 18 19 20 21 22 21 22 23 24 25 26 27 18 19 20 21 22 23 24 23 24 25 26 27 28 29 28 29 30 31 25 26 27 28 29 30 30 July August September S M T W T F S S M T W T F S S M T W T F S 1 1 2 3 4 5 1 2 2 3 4 5 6 7 8 6 7 8 9 10 11 12 3 4 5 6 7 8 9 9 10 11 12 13 14 15 13 14 15 16 17 18 19 10 11 12 13 14 15 16 16 17 18 19 20 21 22 20 21 22 23 24 25 26 17 18 19 20 21 22 23 23 24 25 26 27 28 29 27 28 29 30 31 24 25 26 27 28 29 30 30 31 October November December S M T W T F S S M T W T F S S M T W T F S 8 9 10 11 12 13 14 5 6 7 8 9 10 11 3 4 5 6 7 8 9 15 16 17 18 19 20 21 12 13 14 15 16 17 18 10 11 12 13 14 15 16 22 23 24 25 26 27 28 19 20 21 22 23 21 25 17 18 19 20 21 22 23 29 30 31 26 27 28 29 30 24 25 26 27 28 29 30 31 CALENDAR 2018 January February March S M T W T F S S M T W T F S S M T W T F S 1 2 3 4 5 6 1 2 3 1 2 3 7 8 9 10 11 12 13 4 5 6 7 8 9 10 4 5 6 7 8 9 10 14 15 16 17 18 19 20 11 12 13 14 15 16 17 11 12 13 14 15 16 17 21 22 23...
Sample 1

Related to Severance Payout

  • Severance Pay 4.4.2(a) Severance pay - other than employees of a small employer An employee, other than an employee of a small employer, whose employment is terminated by reason of redundancy is entitled to the following amount of severance pay in respect of a period of continuous service: Period of continuous service Severance pay Less than 1 year Nil 1 year and less than 2 years 4 weeks’ pay* 2 years and less than 3 years 6 weeks’ pay 3 years and less than 4 years 7 weeks’ pay 4 years and less than 5 yeas 8 weeks’ pay 5 years and less than 6 years 10 weeks’ pay 6 years and less than 7 years 11 weeks’ pay 7 years and less than 8 years 13 weeks’ pay 8 years and less than 9 years 14 weeks’ pay 9 years and less than 10 years 16 weeks’ pay 10 years and over 12 weeks’ pay * Week’s pay is defined in 4.4.1.

  • Severance Payment Executive will be paid continuing payments of severance pay at a rate equal to Executive’s base salary rate, as then in effect, for twelve (12) months from the date of such termination of employment, to be paid periodically in accordance with the Company’s normal payroll policies.

  • Severance If any provision or part-provision of this Agreement is or becomes invalid, illegal or unenforceable, it shall be deemed modified to the minimum extent necessary to make it valid, legal and enforceable. If such modification is not possible, the relevant provision or part- provision shall be deemed deleted. Any modification to or deletion of a provision or part-provision under this clause shall not affect the validity and enforceability of the rest of this Agreement. If any provision or part-provision of this Agreement is invalid, illegal or unenforceable, the parties shall negotiate in good faith to amend such provision so that, as amended, it is legal, valid and enforceable, and, to the greatest extent possible, achieves the intended commercial result of the original provision.

Time is Money Join Law Insider Premium to draft better contracts faster.