TERMINATION ALLOWANCE. In the event of closure of all or part of the Employer’s retail store, which results in the permanent lay-off of any employees, the employer agrees to pay each employee so affected, in accordance with Company policy, the following: • Less than one (1) completed year of service: according to Employment Standards (if any). • A year or more but less than five (5) completed years of service: one (1) week’s pay for each completed year of service. • More than five (5) completed years of service: five (5) weeks for the first five (5) years of service plus one and a half (1.5) weeks per completed year of service for each subsequent year up to a maximum of thirty (30) weeks in total.
TERMINATION ALLOWANCE. 23.1 Employees whose services are terminated under any of the conditions outlined below shall be eligible for a termination allowance:
A. The employee’s job is eliminated as a result of Company changes and other employment with the Company is not offered to him/her.
B. As an inducement proposed, or agreed to, by the Company to an employee to resign because of inability or inadaptability to perform properly the duties of the job as distinguished from misconduct.
23.2 Termination allowances due under the above shall be at the base pay rate of the employee at the time of the service termination. Employees will receive severance pay at the time of the service termination not to exceed twenty-six (26) weeks at the rate of one (1) week of pay for each completed year of service. Payment will be made in a lump sum to the employee.
23.3 Employees who have once received their full severance pay allotment, and have later been re-employed or recalled (and not been required to return any severance monies due to proration based on the timing of their re-employment) must complete one (1) full year of employment before being eligible for severance pay for a subsequent layoff. The amount of such severance pay shall be based on the period of employment between the date of the employee’s most recent re- employment or recall and the subsequent layoff.
23.4 At the Company’s discretion, severance pay may be paid to employees leaving the employment of the Company for other reasons, but no such severance pay will be paid to an employee dismissed for misconduct or who voluntarily quits.
23.5 Employees who receive severance pay in a lump sum and are subsequently re-employed by the company may be required to reimburse a portion of the severance payment on a prorated basis based on the length of their layoff period.
TERMINATION ALLOWANCE. 15.01 An employee, excluding an employee on probation, who is permanently laid off due to such causes as transfer or discontinuance of the manufacture of a product, introduction of new equipment or processes, closing of the Plant or part of the Plant, or other causes which, insofar as the Company can determine, permanently reduce the work force, shall be entitled to a Termination Allowance, in accordance with the following provisions: For the purposes of this Article, a permanent lay-off is understood to be a lay-off which is expected to last continuously for a period of at least twelve (12) months.
1. The Company will advise the Union as soon as possible in advance if a permanent lay- off with Termination Allowance, as provided in this Article, is to take place.
2. An employee who is eligible for Termination Allowance shall be paid one week's pay for each completed year of service, to a maximum of fifty-two (52) weeks' pay.
3. The amount of payment for each week will be calculated at forty (40) hours times the employee's regular hourly base wage rate at the date of termination.
4. An employee who is permanently laid off may elect to remain on the Plant seniority list for possible recall. In such cases, the Termination Allowance payment will be placed in trust with the Ministry of Labour for a maximum of twelve (12) months, during which time the employee may request payment with a complete break in service.
5. An employee who has received termination allowance will be given consideration for re-hire within the period of one year from date of receiving termination allowance.
6. The number of weeks Termination Allowance will not exceed the number of weeks remaining to an employee's normal retirement date.
7. Termination Allowance shall not be paid:
a) To an employee with less than three (3) years' seniority;
b) To an employee discharged for just cause;
c) To an employee who voluntarily resigns from the Company's employ;
d) To an employee who retires from the Company's employ;
e) In the event of closing the Plant or part of the Plant due to Acts of Nature, or in times of public peril, war, disaster or any other reason of similar nature.
TERMINATION ALLOWANCE. Net Credited Service Period But Less No. of Weeks 2 years 3 years 4 3 years 4 years 6 4 years 5 years 8 5 years 6 years 10 6 years 7 years 12 7 years 8 years 14 8 years 9 years 16 9 years 10 years 18 10 years 11 years 21 11 years 12 years 24 12 years 13 years 27 13 years 14 years 30 14 years 15 years 33 15 years 16 years 36 For each subsequent 6 month period: 16 years through 25 years 2 From 25 years 2 1/2
TERMINATION ALLOWANCE. (a) In the event Executive's employment with Cingular is terminated under circumstances described in Section 3(b) below, Company shall pay to Executive (or, in the event of Executive's death, to his estate) a termination allowance. The termination allowance shall be an amount equal to the sum of (i) two hundred percent (200%) of Executive's Base Salary in effect on the date of Executive's termination of employment, plus (ii) two hundred percent (200%) of the standard award amount applicable to Executive under his employer's short term bonus plan for the year in which his date of termination occurs, less all applicable withholdings, payable in a single lump sum payment. Payment of the termination allowance shall be made as soon as practicable following Executive's termination of employment under circumstances entitling him to such payment, and satisfaction of all conditions described in this Agreement on Executive's entitlement to such payment. For purposes of this Agreement, "Base Salary" shall refer to the gross annual base salary payable to Executive including (A) the amounts of any before-tax contributions made by Executive from such salary to any tax-qualified cash or deferred arrangement sponsored by his employer, and (B) the amount of any other deferrals of such salary under any nonqualified deferred compensation plan(s) maintained by his employer.
(b) Executive's employment shall be deemed to have been terminated under circumstances described in this Section 3(b) only if:
(A) Executive's employment is terminated either by Cingular other than for Cause, or by Executive for Good Reason; (B) Executive shall within thirty (30) days following such termination of employment have notified Company of his desire to return to Company, and within thirty (30) days following such notification Company shall have failed to offer to Executive employment with Company or a subsidiary or affiliate of Company in a "comparable" position (as defined below); and (C) Executive executes a supplemental release, substantially in the form of the release agreement attached to this Agreement as Exhibit "A" (the "Release Agreement"), which is incorporated herein by this reference;
(ii) Executive's employment is terminated by reason of Executive's Disability, and Executive executes a Release Agreement; or
(iii) Executive's employment is terminated by reason of Executive's death. For purposes of clause (i) above, a "comparable" position shall mean a position (1) providing Base Sala...
TERMINATION ALLOWANCE. 26.1 Regular full-time and regular part-time employees who are laid off by the Company shall receive payment at basic wage rates in accordance with the following schedule and subject to the conditions herein stated:
TERMINATION ALLOWANCE. A. Termination allowance shall be paid to a regular employee whose service is terminated under any of the conditions outlined below:
1. Laid off due to lack of work.
2. Dismissed or induced to resign for unadaptability to perform properly the duties of the job following reassignment under Article 18, Section 2 (Technological Displacements).
1. For each regular employee covered by this agreement on or before November 29, 1999, the termination allowance due under paragraph A.1 above shall be at the basic pay rate of the employee at the time of the service termination and shall be in accordance with the following, not to exceed 100 weeks' pay:
TERMINATION ALLOWANCE. Provided that an employee gives no less than two (2) months’ notice of intention to terminate or any shorter period as the Employer may agree, an employee who has ten (10) or more academic years of continuous employment, is entitled to be paid on termination a severance pay equal to two (2) times their daily rate of pay multiplied by their active years of service to a maximum of twenty-six
TERMINATION ALLOWANCE. 43.01 As per the Canada Labour Code.
TERMINATION ALLOWANCE. (a) In the event Executive's employment with Cingular is terminated under circumstances described in Section 3(b) below, Company shall pay to Executive (or, in the event of Executive's death, to his estate) a termination allowance. The termination allowance shall be an amount equal to the sum of (i) two hundred percent (200%) of Executive's Base Salary in effect on the date of Executive's termination of employment, plus (ii) two hundred percent (200%) of the standard award amount applicable to Executive under his employer's short term bonus plan for the year in which his date of termination occurs, less all applicable withholdings, payable in a single lump sum payment. Payment of the termination allowance shall be made as soon as practicable following Executive's termination of employment under circumstances entitling him to such payment, and satisfaction of all conditions described in this Agreement on Executive's entitlement to such payment. For purposes of this Agreement, "Base Salary" shall refer to the gross annual base salary payable to Executive including (A) the amounts of any before-tax contributions made by Executive from such salary to any tax-qualified cash or deferred arrangement sponsored by his employer, and (B) the amount of any other deferrals of such salary under any nonqualified deferred compensation plan(s) maintained by his employer. CINGULAR WIRELESS LLC EXHIBITS - Transition Agreement by and between BellSouth Corporation and Xxxxxx de la Xxxx dated December 29, 2003 EXHIBIT 10.59
