Common use of Termination and Severance Pay Clause in Contracts

Termination and Severance Pay. In the event of permanent termination of an employee by the Company, other than by discharge for just cause, such employee will be entitled to notice or pay in lieu of notice in accordance with the Employment Standards Termination of Employment. In the event of the Company deciding permanently to close the Plant, any employee whose continuous service shall not have been broken prior to the date of closing, whose job shall be discontinued shall be entitled to severance pay according to the following: Four hundred dollars ($400) per year of continuous service with the Company or severance pay in accordance with the provisions of the Employment Standards Act, whichever is greater. Severance pay as above is separate and in addition to termination pay.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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Termination and Severance Pay. In the event of permanent termination of an employee by the Company, other than by discharge for just cause, such employee will be entitled to notice or pay in lieu of notice in accordance with the Employment Standards Termination of Employment. In the event of the Company deciding permanently to close the Plant, any employee whose continuous service shall not have been broken prior to the date of closing, whose job shall be discontinued shall be entitled to severance pay according to the following: Four hundred dollars ($400) per year of continuous service with the Company or severance pay in accordance with the provisions of the Employment Standards Act, whichever is greater. Severance pay as above is separate and in addition to termination pay.

Appears in 1 contract

Samples: Collective Agreement

Termination and Severance Pay. In the event of permanent termination of an employee by the Company, other than by discharge for just cause, such employee will be entitled to notice or pay in lieu of notice in accordance with the Employment Standards Termination of Employment. In the event of the Company deciding permanently to close the Plant, any employee whose continuous service shall not have been broken prior to the date of closing, whose job shall be discontinued shall be entitled to severance pay according to the following: Four hundred dollars ($400) per year of continuous service with the Company or severance pay in accordance with the provisions of the Employment Standards Act, whichever is greater. Severance pay as above is separate and in addition to termination pay.

Appears in 1 contract

Samples: Collective Agreement

Termination and Severance Pay. In the event of permanent termination of an employee by the Company, other than by discharge dis- charge for just cause, such employee will be entitled to notice or pay in lieu of notice in accordance accor- dance with the Employment Standards Termination of Employment. In the event of the Company company deciding permanently perma- nently to close the Plant, any employee whose continuous service shall not have been broken prior to the date of closing, whose job shall be discontinued shall be entitled to severance pay according to the following: Four hundred dollars ($400) per year of continuous service with the Company or severance pay in accordance with the provisions of the Employment Standards Act, whichever is greater. Severance pay as above is separate and in addition to termination pay.

Appears in 1 contract

Samples: Collective Agreement

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Termination and Severance Pay. In the event of permanent termination of an employee by the Company, other than by discharge for just cause, such employee will be entitled to notice or pay in lieu of notice in accordance with the Employment Standards Act-Termination of Employment. In the event of the Company deciding permanently to close the Plant, any employee whose continuous service shall not have been broken prior to the date of closing, whose job shall be discontinued shall be entitled to severance pay according to the following: Four hundred dollars ($400) per year of continuous service with the Company or severance pay in accordance with the provisions of the Employment Standards Act, whichever is greater. Severance pay as above is separate and in addition to termination pay.

Appears in 1 contract

Samples: Collective Agreement

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