Amount of redundancy pay Sample Clauses

Amount of redundancy pay. Period of continuous service Redundancy pay

Amount of redundancy pay. (a) Instead of the table provided in Section 119(2) of the Act, the amount of redundancy pay will be as follows: Redundancy pay scale Less than 1 year -­‐ -­‐ 1 year but less than 2 years 4 weeks’ 5 weeks’ 2 years but less than 3 years 7 weeks’ 8.75 weeks’ 3 years but less than 4 years 10 weeks’ 12.5 weeks’ 4 years but less than 5 years 12 weeks’ 15 weeks’ 5 years but less than 6 years 14 weeks’ 17.5 weeks’ 6 years and more 16 weeks’ 20 weeks’

Amount of redundancy pay. 16.6.1 The amount of the redundancy pay equals the total amount payable to the Employee for the redundancy pay period worked out using the following table at the Employee’s base rate of pay for his or her ordinary hours of work: Redundancy pay period Employee’s period of continuous service with theEmployer on termination Redundancy pay period 1 At least 1 year but less than 2 years 4 weeks 2 At least 2 years but less than 3 years 6 weeks 3 At least 3 years but less than 4 years 7 weeks 4 At least 4 years but less than 5 years 8 weeks 5 At least 5 years but less than 6 years 10 weeks 6 At least 6 years but less than 7 years 11 weeks 7 At least 7 years but less than 8 years 13 weeks 8 At least 8 years but less than 9 years 14 weeks 9 At least 9 years but less than 10 years 16 weeks 10 At least 10 years 12 weeks

Amount of redundancy pay. “Week’s pay” for the purpose of termination and redundancy shall be calculated on the basis of the Employee’s Annualised Wage divided by 52.

Amount of redundancy pay. (a) Redundancy pay shall be in accordance with the National Employment Standards (NES). (b) The amount of the redundancy pay equals the total amount payable to the Employee for the redundancy pay period worked out using the following table at the Employee's base rate of pay for their ordinary hours of work: 1 At least 1 year but less than 2 years 4 weeks 2 At least 2 years but less than 3 years 6 weeks 3 At least 3 years but less than 4 years 7 weeks 4 At least 4 years but less than 5 years 8 weeks 5 At least 5 years but less than 6 years 10 weeks 6 At least 6 years but less than 7 years 11 weeks 7 At least 7 years but less than 8 years 13 weeks 8 At least 8 years but less than 9 years 14 weeks 9 At least 9 years but less than 10 years 16 weeks 10 At least 10 years 12 weeks A reference in this section to continuous service with the Employer does not include periods of employment as a casual Employee of the Employer.

Amount of redundancy pay. The amount of the redundancy pay equals the total amount payable to the employee for the redundancy pay period worked out using the following table at the employee's base rate of pay for their ordinary hours of work: a. If under 45 years of age: Period of Continuous Service Severance Pay Less than 1-year Nil 1 year and less than 2 years 4 weeks’ pay 2 years and less than 3 years 7 weeks’ pay 3 years and less than 4 years 10 weeks’ pay 4 years and less than 5 years 12 weeks’ pay 5 years and less than 6 years 14 weeks’ pay 6 years and over 16 weeks’ pay b. If at 45 years or older: Period of Continuous Service Severance Pay Less than 1-year Nil 1 year and less than 2 years 5 weeks’ pay 2 years and less than 3 years 8.75 weeks’ pay 3 years and less than 4 years 12.5 weeks’ pay 4 years and less than 5 years 15 weeks’ pay 5 years and less than 6 years 17.5 weeks’ pay 6 years and over 20 weeks’ pay

Amount of redundancy pay. (a) Any Employee made redundant shall receive, in addition to the period of notice, the following amount of pay based on the same definition of "week's pay" - meaning 40 hours by the Hourly Rate. Period of continuous service Severance pay 1 year or less 2 weeks 1 year but less than 2 years 3 Weeks 2 years but less than 3 years 6 Weeks 3 years but less than 4 years 9 Weeks 4 years but less than 5 years 12 Weeks 5 years but less than 6 years 15 Weeks 6 years but less than 7 years 18 Weeks Period of continuous service Severance pay 7 years but less than 8 years 21 Weeks 8 years but less than 9 years 24 Weeks 9 years but less than 10 years 27 Weeks 10 years and over 30 Weeks (b) Employees made redundant will not be paid out any unused accumulated personal leave. Any Long service leave entitlements shall be paid out to Employees in accordance with the relevant state legislative requirements.

Amount of redundancy pay. (a) The amount of the redundancy pay equals the total amount payable to the employee for the redundancy pay period worked out using the following table at the employee’s base rate of pay for his or her ordinary hours of work: Less than 1 year Nil 1 year and less than 2 years 4 week’s pay 2 years and less than 3 years 6 week’s pay 3 years and less than 4 years 7 week’s pay 4 years and less than 5 years 8 week’s pay 5 years and less than 6 years 10 week’s pay 6 years and less than 7 years 11 week’s pay 7 years and less than 8 years 13 week’s pay 8 years and less than 9 years 14 week’s pay 9 years and less than 10 years 16 week’s pay 10 years and over 12 week’s pay (b) A reference in this section to continuous service with the employer does not include periods of employment as a casual employee of the employer. (c) Subclause 14.2(a) does not apply to the termination of an employee’s employment if, at the time of termination, the employee’s period of continuous service with the employer (other than periods of employment as a casual employee of the employer) is less than 12 months.

Amount of redundancy pay. (a) Voluntary redundancy (i) 4 weeks’ notice or payment in lieu (if the Employee is over 45 years of age and has completed 2 years of continuous service, the notice is increased by 1 week); and (ii) a payment equivalent to 2 weeks’ pay per year of service capped at 15 years’ service.