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.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
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 five (35) 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.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
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- 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 Company 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 duration of twelve (12) monthsrecall as per Article 8.05, during which time the employee may request payment with a complete break in service.
4. The number of weeks Termination Allowance will not exceed the number of weeks remaining to an employee's normal retirement date.
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 of part of the Plant due to Acts of Nature, or in times of public peril, war, disaster or any other reason of similar nature.
Appears in 1 contract
Samples: Collective Agreement
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: NOTE: 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- 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 Company 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.
4. The number of weeks Termination Allowance will not exceed the number of weeks remaining to an employee's normal retirement date.
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 five (35) 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 of part of the Plant due to Acts of Nature, or in times of public peril, war, disaster or any other reason of similar nature.
Appears in 1 contract
Samples: Collective Agreement
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) weeks52)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 five (35) 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.
Appears in 1 contract
Samples: Collective Agreement
