SEVERENCE PAY. 14.1. Employees are expected to give a minimum of two (2) weeks written notification when terminating employment with the District. Except for disciplinary cause, when a full-time employee is terminated by action of the District, the employee will be notified in writing two (2) weeks prior to the effective separation date. In the event the District does not give such notification, the employee will be entitled to severance pay in accordance with the formula set forth below:
SEVERENCE PAY. 4.4.1 In the event the Employment Period is terminated by the Company for any reason other than pursuant to Section 4.2.1 or Section 4.3.2 hereof or if the Employment Period is terminated because of a permanent disability of Employee pursuant to Section 4.1, upon the effectiveness of any such termination, the Company shall be obligated to pay to the employee (or his executors,administrators or assigns, as the case may be) all unpaid salary, benefits and bonuses (if any) accrued through the date of effectiveness of such termination and, in addition, a cash severance payment equal to eighteen (18) month's total base salary at the rates set forth herein, and such other benefits as may be required by law.
SEVERENCE PAY. Subject to the seniority provisions of this agreement, full time employees who become permanently displaced as a result of the company closing, or as a consequence of a technological change, shall be entitled to severance allowance. The amount of severance allowance to which an employee shall be entitled is as follows: Under 2 years of employment - 5 days 3 years 6 days 4 years 8 days 5 years 10 days over 5 years 2 days wages for each completed year of employment.
SEVERENCE PAY. In the event that the City Clerk is removed from office by the Council of the City of Prescott, the City Clerk shall be entitled to severance pay as set forth below. Severance pay shall mean the gross monthly salary as set from time to time between the parties. In the event that the City Clerk is removed during the term of this Agreement, or any time thereafter, then the City Clerk shall be entitled to six (6) months severance pay. Should the City Clerk resign under this Agreement, the City Council shall have no obligation to pay severance pay to the City Clerk, but may, at its discretion, determine whether or not severance pay will be paid to the City Clerk. The City shall not be obligated for severance hereunder in the event that the cause for removal shall be felonious conduct while in office, or in the event that the City Clerk shall not have given a minimum of thirty (30) days notice of her resignation.
SEVERENCE PAY. (i) This sub-clause shall apply where an employee is terminated due to redundancy. The Oasis shall be exempt from the operation of this sub-clause where the employee concerned has been offered, but has refused to accept, an alternative position within The Oasis's organisation structure of comparable skill and accountability levels and remuneration no less than the position previously held by the employee.
SEVERENCE PAY. The severance pay provisions of prior contracts are hereby rescinded, except that teachers employed in the Athens Area Schools on June 1, 1987, shall, upon retirement from the Athens Area Schools, have the choice of the severance pay provision in Article XXIV "Severance Pay" of the 1986-87 "Master Agreement," or the choice of the provisions of Article X "Paid Leaves Of Absence" of the 1987- 88 Agreement. Persons employed after June 1, 1987, shall not have the "Sever- ance Pay" option. For reference, the 1986-87 "Severance Pay" article states: In recognition of service to the school district, a severance payment shall be paid to a teacher upon retirement, provided such teacher shall have been employed by the Athens School District for not less than a total of fifteen (15) years. The payment to the teacher shall be based upon the average best five (5) con- secutive years basic teaching salary which the teacher shall have been paid while a teacher in the Athens Area School system, but may not exceed $2,200.00. The average salary shall be multiplied by .01 and the product multiplied by the number of years taught in Athens. Any teacher receiving this benefit from the Athens Area Schools and returning to employment with the Athens Area Schools after retirement shall not be eligible for this benefit a second time.
SEVERENCE PAY. Employees shall be entitled to severance payments of two Weeks pay plus four Weeks’ pay for each year of completed service and the pro rata equivalent for each completed month.
SEVERENCE PAY. Any employee who has completed twelve (12) months of service with the County, and who is laid off as a result of causes other than discharge, retirement, or resignation, shall receive two (2) weeks’ pay (based upon the employee’s regular work schedule) as severance pay in addition to any other accruals of pay and benefits to which the employee is entitled. However, should the employee be offered and refuse transfer within the same classification, reclassification within the same pay scale, or retraining for a class within the same pay scale or higher, the employee’s refusal shall be considered as a resignation.
SEVERENCE PAY. Where the employee’s employment is terminated in circumstances where the company no longer wishes the job that the employee has been doing to be done by anyone and this is not due to the ordinary and customary turnover of labour, the employee shall be entitled to the following amount of severance pay in respect of continuous service: Period of Continuous Service Entitlement if made Redundant Less than one year Nil 1 year but less than 2 years 2 weeks 2 years but less than 3 years 4 weeks 3 years but less than 4 years 6 weeks 4 years but less than 5 years 8 weeks 5 years plus 3 weeks for each year of service beyond 5 years To a maximum entitlement of 52 weeks
SEVERENCE PAY. The Employee acknowledges that in the event that the Employee’s employment is terminated in a manner that the Employee is entitled to severance pay in accordance with the law and the provisions herein then severance pay will be calculated and paid notwithstanding the provisions of The Severance Payment Law 1963, in the following manner: for the period of employment up to the date of this Agreement the amount deposited on account of severance pay in the Bituach Minhalim policy of the Employee as of the date of this Agreement (plus the Bituach Minhalim component of the Differences as noted above) and for the period from the date herein the last monthly Gross Salary multiplied by the year/s or part thereof from the date herein. The Employee acknowledges that the severance pay paid to the Employee is and will be less than the amount proscribed by law and notwithstanding the Employee agrees to the provision herein. The Employee acknowledges that The Medical Exchange Inc., a Nevada company and the Purchaser defined in the Securities Purchase Agreement entered into with the Corporation, amongst others, as of the date hereof, entered such agreement and invested in the Corporation based upon, inter alia, the declaration of the Employee that the Employee waives rights to full severance pay as set forth herein. The Employee herein undertakes to fully indemnify the Corporation and/or the said Purchaser in the event that the Employee shall claim any money regarding Severance Pay that is not in accordance with this provision. Provided however that in the event that Employee resigns without just cause after ten months from the date hereof or the Company or the Employee does not agree to renew this Agreement for any Renewal Term then the Employee is entitled to Severence Pay as provided and calculated as stated above.
