Upon Termination of Employment. except for dismissal for gross misconduct, retirement or voluntary resignation, an employee shall receive severance pay in a lump-sum equal to two (2) weeks' pay for each year of service to a maximum of fifty-two (52) weeks.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Upon Termination of Employment. except for dismissal for gross misconduct, retirement or voluntary resignation, an employee shall receive severance pay in a lump-lump sum equal to two (2) weeks' ’ pay for each year of service to a maximum of fiftyforty-two five (5245) weeks.
Appears in 1 contract
Samples: Collective Agreement
Upon Termination of Employment. except for dismissal for gross misconduct, retirement or voluntary resignation, an employee shall receive severance pay in a lump-lump sum equal to two (2) weeks' ’ pay for each year of service to a maximum of fifty-two (52) weeks.
Appears in 1 contract
Samples: Collective Agreement
Upon Termination of Employment. except for dismissal for gross misconduct, retirement retirement, or voluntary resignation, an employee shall receive severance pay in a lump-lump sum equal to two (2) weeks' weeks pay for each year of service to a maximum of fiftyforty-two five (5245) weeks.
Appears in 1 contract
Samples: Collective Agreement
Upon Termination of Employment. except for dismissal for gross misconduct, retirement retirement, or voluntary resignation, an employee shall receive severance pay in a lump-lump sum equal to two (2) weeks' weeks pay for each year of service to a maximum of fifty-two (52) weeks. The employee may elect to receive a lump-sum payment or equivalent pay continuation for the length of the severance.
Appears in 1 contract
Samples: Collective Agreement
Upon Termination of Employment. except for dismissal for gross misconduct, retirement retirement, or voluntary resignation, an employee shall receive severance pay in a lump-sum equal to two (2) weeks' weeks pay for each year of service to a maximum of fifty-two (52) weeks. The employee may elect to receive a lump-sum payment or equivalent pay continuation for the length of the severance.
Appears in 1 contract
Samples: Collective Agreement
Upon Termination of Employment. except for dismissal for gross misconduct, retirement retirement, or voluntary resignation, an employee shall receive severance pay in a lump-sum equal to two (2) weeks' weeks pay for each year of service to a maximum of fiftyforty-two five (5245) weeks.
Appears in 1 contract
Samples: Collective Agreement
Upon Termination of Employment. except for dismissal for gross misconduct, retirement or voluntary resignation, an employee shall receive severance pay in a lump-lump sum equal to two (2) weeks' ’ pay for each year of service to a maximum of fifty-two (52) weeks52)weeks.
Appears in 1 contract
Samples: Collective Agreement
Upon Termination of Employment. except for dismissal for gross misconduct, retirement or voluntary resignation, an employee shall receive severance pay in a lump-sum equal to two (2) weeks' pay for each year of service to a maximum of fiftyforty-two five (5245) weeks.
Appears in 1 contract
Samples: Collective Agreement