Layoffs and Severance Sample Clauses

Layoffs and Severance. An employee who is laid off by Catalist shall receive two (2) weeks’ notice or pay in lieu thereof. In addition, they shall receive one (1) week of severance pay for each year of service, prorated to the date of termination, in exchange for executing a separation and general release agreement in the form provided by the Employer and the employee complying with all employment and post-employment obligations therein. In circumstances where temporary employees and contractors are performing a majority of the bargaining unit work of employees who would be selected for layoff, the temporary employees and contractors shall be separated before laying off bargaining unit employees, unless (i) it is not feasible due to the impact on a project or (ii) the employees who would be selected for layoff are not qualified to perform the work performed by temporary employees and contractors.

Layoffs and Severance. An employee who is laid off by the Employer shall receive two (2) weeks’ notice or pay in lieu thereof (equal to two (2) weeks’ pay at their weekly salary). Notice shall be provided to the Union, the Unit Chair and the affected employee. In addition, any employee who is laid off by the Employer shall receive two (2) weeks of severance pay for each year of service as a full-time or part-time employee, prorated to the date of termination, up to a cap of twenty (20) weeks, in exchange for executing a general release in the form provided by the Employer. Notwithstanding the foregoing, no employee shall receive less than four (4) weeks of severance pay, inclusive of the notice pay.

Layoffs and Severance. A. In the event of a reduction in force, layoff or restructuring, the Company shall provide, in addition to the severance and benefit continuation, two (2) weeks notice of layoff, or pay in lieu thereof, to each affected bargaining unit employee. B. In the event of a layoff or a termination pursuant to Article 13.D, a bargaining unit employee who is terminated after 6 months but less than one year of employment shall, upon execution of a standard Company waiver and release agreement, receive at least five (5) weeks of severance pay. An employee with at least one year of employment but less than two years of employment shall, upon execution of a standard Company waiver and release agreement, receive six (6) weeks’ severance pay. An employee with at least two years of employment but less than four (4) years of employment shall, upon execution of a standard Company waiver and release agreement, receive eight (8) weeks’ severance pay. An employee with at least four (4) years of employment shall, upon execution of a standard Company waiver and release agreement, receive 2 weeks’ severance pay per full year of service, with a maximum payment of 14 weeks of severance pay. For laid off bargaining unit employees who enroll in COBRA at a plan no greater than the plan they were enrolled in as an employee, the Company shall cover the employer share of health care for the same period as their severance period (starting with the employee’s termination date). The Company shall directly pay the employer share of COBRA to the COBRA administrator. Thereafter, laid off employees can continue in COBRA at the full cost. In the event of a layoff that would trigger a WARN notice under state or federal law, employees shall receive, instead of severance according the above formula, one week of severance pay for each year of service, with a cap of 8 weeks of severance pay, in addition to the WARN notice ( or pay in lieu thereof). C. For purposes of Article 19 of this Agreement, an employee who is laid off and is rehired within one year shall not suffer a break in continuity and shall have their prior years of service counted towards their total length of service. D. Upon being notified by the Company of a date of termination, an employee who leaves for other employment prior to that date of termination shall nevertheless receive full severance pay pursuant to the terms of this Article. E. The Company will adhere to any local, state and federal laws regarding layoffs including the W...

Layoffs and Severance a. The Employer shall notify the Guild of possible layoffs at least fourteen

Layoffs and Severance. A. Any bargaining unit employee who is laid off (“Laid Off Unit Employee”) for economic or other reasons, shall, subject to execution of a standard Company separation agreement, receive gross severance based on years of service (chart below). B. Any bargaining unit employee who is discharged under section (D) of Article 15 (Discipline and Discharge) shall, subject to execution of a standard Company separation agreement, receive gross severance based on years of service (chart below). Years of Service (A) Weeks of severance (B) Weeks of severance Less than 1 yr 11 7 1 full yr 12 8 2 full yrs 12 8 3 full yrs 13 9 4 full yrs 14 10 5 full yrs 16 12 6+ full yrs 18 14 C. All severance payments shall be paid as a lump payment. D. Any bargaining unit employee who receives severance pursuant to paragraphs (A) and (B), and who was receiving medical, dental and vision benefits through the Company shall receive, by separate lump sum payment, the monetary equivalent of the Employer’s share of the monthly premium, plus the full administrative surcharge, for the portion of the severance period for which they are no longer receiving Company benefits. While terminated bargaining unit employees are responsible for paying the full monthly amount to the carrier, the lump sum payment shall be adjusted for taxes so that the terminated employee’s monthly out of pocket financial share of health insurance premium is the same as their out-of-pocket financial share of premiums during employment. E. Terminated bargaining unit employees may link to published Work Product.

Layoffs and Severance. Any bargaining unit employee that is laid off (“Laid Off Employees”) for economic or other reasons, shall, upon execution of standard Company severance and release agreement, receive severance per the below chart: Years of Service (A) Weeks of severance Less than 1 yr 11 1 full yr 12 2 full yrs 12 3 full yrs 13 4 full yrs 16 5 full yrs 19 6 full yrs 22 7 full yrs 24 8+ full yrs 26

Layoffs and Severance. A. The Employer shall provide two (2) weeks notice of layoffs, or in the alternative, provide two (2) weeks notice pay. Any bargaining unit employee who is laid off for economic or other reasons (“Laid Off Unit Employee”) shall, upon execution of a standard Organization severance and release agreement, receive gross severance equal to two (2) week’s salary per full year of service, with a minimum of eight (8) weeks severance and a maximum of twenty (20) weeks. B. For any bargaining unit employee who receives severance pursuant to paragraphs (A) and (E), and was receiving medical, dental and vision benefits through the Organization, and enrolls in COBRA, the Organization shall pay to the COBRA administrator the same Employer share of premiums as was being paid while the individual was an employee, for the portion of the severance period for which they are no longer receiving Organization benefits. . If the Organization can’t make such a direct payment to the COBRA administrator, then the Organization shall, by separate lump sum payment, pay to the employee the monetary equivalent of the Organization’s share of the monthly COBRA premium, plus the full administrative surcharge, for the portion of the severance period for which they are no longer receiving Organization benefits. In such circumstances, while terminated bargaining unit employees are responsible for paying the full monthly COBRA amount to the carrier, the lump sum COBRA payment shall be adjusted for taxes so that the terminated employee’s monthly out of pocket financial share of health insurance premium is the same as their out-of-pocket financial share of premiums during employment C. Employees shall receive severance pay in equal installments according to the regular bimonthly payroll schedule. An employee who is laid off and is rehired within six (6) months shall not suffer a break in continuity and shall have their prior years of service counted. D. An employee who leaves for other employment before their termination date, but after receiving notice of termination, shall nevertheless receive full severance pay. E. In the event an involuntary separation pursuant to the Article 15 entitled Discipline, Section 5, a bargaining unit employee shall, upon execution of a standard Company separation and release agreement, receive two (2) severance for each full year of service, with a minimum of six (6) weeks severance, and a maximum of twelve (12) severance, and COBRA payments in accordance with Sect...

Layoffs and Severance. A. Any bargaining unit employee that is laid off for economic or other reasons, shall, upon execution of standard Company severance and release agreement, receive severance per the below chart: Years of Service Weeks of severance Less than 1 yr 11 1 yr 12 2 yrs 12 3 yrs 13 4 yrs 14 5 yrs 16 6+ yrs 18 B. Any bargaining unit employee that is terminated pursuant to Section E of Article 13 (Discipline and Discharge), shall, upon execution of standard Company severance and release agreement, receive severance per the below chart: Years of Service Weeks of severance Less than 1 yr 7 1 yr 8 2 yrs 8 3 yrs 9 4 yrs 10 5 yrs 12 6+ yrs 14 C. Any bargaining unit employee who receives severance payments, and who was enrolled in Company-provided medical, dental and vision benefits, shall receive a lump sum, one -time monetary equivalent of the Company’s share of the monthly COBRA premium, for the portion of the severance period for which they are no longer receiving Company benefits. D. For a period of 1 year after a layoff, any laid off employee that applies for an open position and meets the minimum qualifications for that position will be provided a screening interview for the position. E. It is expressly understood that if an employee is hired on a fixed term basis (per their written employment agreement), the employment may end at the end of the fixed term period without any severance obligations. If the project ends before the fixed term period, the Employee shall receive the lesser of severance per this Agreement or the reminder of the fixed term contract. F. Any employee that has Garden Leave in their individual employment agreement and is entitled to severance under this Agreement shall, upon execution of a standard Company severance and release agreement, receive Garden Leave or contractual severance, at their option, but not both.

Layoffs and Severance