Layoff Security Plan Sample Clauses
A Layoff Security Plan clause establishes protections and benefits for employees in the event of layoffs. Typically, this clause outlines the conditions under which employees are eligible for severance pay, continued health benefits, or outplacement services if their positions are eliminated due to organizational restructuring or downsizing. By clearly defining the support employees will receive, the clause provides financial and transitional security, helping to mitigate the impact of job loss and ensuring fair treatment during workforce reductions.
Layoff Security Plan. Seniority employees who are subject to layoff are entitled to receive benefits under the Layoff Security Plan negotiated between the Company and Human Resources and Services Development Canada (“HRDSC”). To be eligible, employees must:
(1) apply and be approved for the receipt of Employment Insurance Benefits;
(2) provide the employer with written evidence from HRDSC that he or she has been approved for the receipt of Employment Insurance Benefits; and
(3) be laid off solely due to temporary shortage of work. Such employees will be paid 60% of their normal weekly income, up to the E.I. maximum, to cover the two (2) week waiting period before E.I. benefits normally become available. The administration of this plan shall be governed solely by the summary document approved by Human Resources Development Canada and it is hereby understood that in case of any inconsistency between the summary document and this Agreement, the summary document shall prevail.
Layoff Security Plan. Seniority employees who are subject to layoff are entitled to receive benefits under the Layoff Security Plan negotiated between the Company and Human Resources Development Canada. To be eligible, employees must:
(1) be eligible for E.I. benefits; and
(2) be laid off solely due to temporary shortage of work. Such employees will be paid 60% of their normal weekly income, up to the E.I. maximum, to cover the two (2) week waiting period before E.I. benefits normally become available. The benefit is not payable until the employee is in receipt of E.I. benefits. Employees will be required to submit their E.I. benefit stub to the Human Resources Department to verify receipt of E.I. benefits. The administration of this plan shall be governed solely by the summary document approved by Human Resources Development Canada and it is hereby understood that in case of any inconsistency between the summary document and this Agreement, the summary document shall prevail.
Layoff Security Plan. If an employee is temporarily laid off, the purpose of this benefit is to provide income during the waiting period for Employment Insurance Benefits. The benefit level paid by Alcoa during this maximum two week period is set at the E.I. rate. The plan only applies in the situation of a temporary layoff and not to apply to a permanent lay off, vacation shutdown, or Christmas shutdown. The payment covers Employees under the following categories: Permanent full-time Employees; Employees eligible to collect employment insurance benefits The benefit is payable in a lump sum upon receipt of the Employment Insurance submission of benefit stub. Employees must first apply for employment insurance and receive their first cheque, to qualify for receipt of this benefit. Note: this benefit can receive prior approval for payout upon confirmation of individual eligibility from the Employment Insurance Commission.