Common use of Termination, Resignation or Abandonment of Employment Clause in Contracts

Termination, Resignation or Abandonment of Employment. 30.1 Notice of Termination by the CEO (a) Subject to clause 30.1(d) below, in order to terminate the employment of an employee, PWC will give the employee the following notice in accordance with the employee’s years of continuous service: (i) not more than 1 year 1 week; (ii) more than 1 year but not more than 3 years 2 weeks; (iii) more than 3 years but not more than 5 years 3 weeks; or (iv) more than 5 years 4 weeks. (b) The period of notice is to be increased by one week if the employee is over 45 years old and has completed at least two years continuous service with PWC. (c) Payment in lieu of the prescribed notice will be made if the appropriate notice is not given, with such payment to equal the total of all amounts that the employee would have been entitled to have the employment continued until the end of the notice period, including ordinary hours of work, allowances, loadings and penalties. (d) An employee is not entitled to notice or payment in lieu of notice in the case of termination for serious misconduct.

Termination, Resignation or Abandonment of Employment. 30.1 31.1 Notice of Termination by the CEO (a) Subject to clause 30.1(d31.1(d) below, in order to terminate the employment of an employee, PWC will give the employee the following notice in accordance with the employee’s years of continuous service: (i) not more than 1 year 1 week; (ii) more than 1 year but not more than 3 years 2 weeks; (iii) more than 3 years but not more than 5 years 3 weeks; or (iv) more than 5 years 4 weeks. (b) The period of notice is to be increased by one week if the employee is over 45 years old and has completed at least two years continuous service with PWC. (c) Payment in lieu of the prescribed notice will be made if the appropriate notice is not given, with such payment to equal the total of all amounts that the employee would have been entitled to have the employment continued until the end of the notice period, including ordinary hours of work, allowances, loadings and penalties. (d) An employee is not entitled to notice or payment in lieu of notice in the case of termination for serious misconduct.

Termination, Resignation or Abandonment of Employment. 30.1 27.1 Notice of Termination by the CEO (a) Subject to clause 30.1(d27.1(d) below, in order to terminate the employment of an employee, PWC will give the employee the following notice in accordance with the employee’s years of continuous service: (i) not Not more than 1 year 1 week; (ii) more More than 1 year but not more than 3 years 2 weeks; (iii) more More than 3 years but not more than 5 years 3 weeks; or (iv) more More than 5 years 4 weeks. (b) The period of notice is to be increased by one week if the employee is over 45 years old and has completed at least two years continuous service with PWC. (c) Payment in lieu of the prescribed notice will be made if the appropriate notice is not given, with such payment to equal the total of all amounts that the employee would have been entitled to have had the employment continued until the end of the notice period, including ordinary hours of work, allowances, loadings and penalties. (d) An employee is not entitled to notice or payment in lieu of notice in the case of termination for serious misconduct.