Common use of Supplemental Unemployment Benefits Clause in Contracts

Supplemental Unemployment Benefits. Employees who have been laid off for lack of work in excess of one week (on either a permanent or temporary basis) and have no remaining annual vacation will be provided with a Supplemental Unemployment Benefit. Upon ratification and for the life of this Agreement, the Company shall be liable for an amount equal to $1,000,000 which shall be utilized to provide a benefit of $175 per week on a basis of 6 weeks per year of service (with a minimum of 26 weeks and a maximum of 50 weeks). Employees who are in receipt of severance pay as per (b) above, will not be eligible for the Supplemental Unemployment Benefit.

Supplemental Unemployment Benefits. Employees who have been laid off for lack of work in excess of one week (on either a permanent or temporary basis) and have no remaining annual vacation will be provided with a Supplemental Unemployment Benefit. Upon ratification and for the life of this Agreement, the Company shall be liable for an amount equal to $1,000,000 75,000 which shall be utilized to provide a benefit of $175 per week on a basis of 6 weeks per year of service (with a minimum of 26 weeks and a maximum of 50 weeks). Employees Employees, who are in receipt of severance pay as per (b) above, will not be eligible for the Supplemental Unemployment Benefit.

Supplemental Unemployment Benefits. Employees who have been laid off for lack of work in excess of one week (on either a permanent or temporary basis) and have no remaining annual vacation will be provided with a Supplemental Unemployment Benefit. Upon ratification and for the life of this Agreement, the Company shall be liable for an amount equal to $1,000,000 which shall be utilized to provide a benefit of $175 per week on a basis of 6 weeks per year of service (with a minimum of 26 weeks and a maximum of 50 weeks). Employees who are in receipt of severance pay as per (b) above, will not be eligible for the Supplemental Unemployment Benefit.