Common use of Severance/Termination Pay Clause in Contracts

Severance/Termination Pay. (a) An employee who has completed the probation period outlined in Article 10 (a) and who is to be permanently laid off shall be entitled to notice of termination or pay in lieu of notice as follows: One (1) weeks notice if the period of employment is less than one year;

Severance/Termination Pay. (a) An employee who has completed the probation period outlined in Article 10 (a) and who is to be permanently laid off shall be entitled to notice of termination or pay in lieu of notice as follows: One (1) weeks notice if the period of employment is less than one year;

Severance/Termination Pay. (a) An employee who has completed the probation period outlined in Article 10 (a) and who is to be permanently laid off shall be entitled to notice of termination or pay in lieu of notice as follows: One (1) weeks notice if the period of employment is less than one year; Two (2) weeks notice if the period of employment is one year but less than three years; Three (3) weeks notice if the period of employment is three years but less than four years;