Common use of Pay in lieu Clause in Contracts

Pay in lieu. With mutual consent of the Employer, an employee who has received notice of lay off may resign and receive equivalent pay in lieu of notice in addition to any severance payment owed to the employee on lay off.

Pay in lieu. With mutual consent of the Employer, an employee who has received notice of lay off layoff may resign and receive equivalent pay in lieu of notice in addition to any severance payment owed to the employee on lay offlayoff.

Pay in lieu. With mutual consent of the Employeremployer, an employee who has received notice of lay off may resign and receive equivalent pay in lieu of notice in addition to any severance payment owed to the employee on lay off.