Redundancy Compensation. (1) In the event of redundancy arising due to sale, laying up, change of registry of a vessel or other reasons and the Company is being compelled to terminate the employment of a ▇▇▇▇▇▇, and if similar alternative employment in the Company is not available after exhaustion of leave, the Company shall pay to the ▇▇▇▇▇▇ in addition to the other benefits he is entitled to under this Agreement, two months’ last drawn basic salary. (2) The notice of termination of service to a ▇▇▇▇▇▇ so affected shall be one month or he shall be paid one month’s salary in lieu of notice. (3) Seamen who have served the agreed contract period shall not be entitled to redundancy compensation.
Appears in 1 contract
Sources: Collective Agreement
Redundancy Compensation. (1) In the event of redundancy arising due to sale, laying up, change of registry of a vessel or other reasons and the Company is being compelled to terminate the employment of a ▇▇▇▇▇▇, and if similar alternative employment in the Company is not available after exhaustion of leave, the Company shall pay to the ▇▇▇▇▇▇ in addition to the other benefits he is entitled to under this Agreement, two months’ last drawn basic salary.
(21) The notice of termination of service to a ▇▇▇▇▇▇ so affected shall be one month or he shall be paid one month’s salary in lieu of notice.
(32) Seamen who have served the agreed contract period shall not be entitled to redundancy compensation.
Appears in 1 contract
Sources: Collective Agreement
Redundancy Compensation. (1) In the event of redundancy arising due to sale, laying up, change of registry of a vessel or other reasons and the Company is being compelled to terminate the employment of a ▇▇▇▇▇▇, and if similar alternative employment in the Company is not available after exhaustion of leave, the Company shall pay to the ▇▇▇▇▇▇ in addition to the other benefits he is entitled to under this Agreement, two months’ last drawn basic salary.
(2) The notice of termination of service to a ▇▇▇▇▇▇ so affected shall be one month or he shall be paid one month’s salary in lieu of notice.
(3) Seamen who have served the agreed contract period shall not be entitled to redundancy compensation.
Appears in 1 contract
Sources: Collective Agreement
Redundancy Compensation. (1) In the event of redundancy arising due to sale, laying up, change of registry of a vessel or other reasons and the Company is being compelled to terminate the employment of a ▇▇▇▇▇▇, and if similar alternative employment in the Company is not available after exhaustion of leave, the Company shall pay to the ▇▇▇▇▇▇ in addition to the other benefits he is entitled to under this Agreement, two months’ ' last drawn basic salary.
(2) The notice of termination of service to a ▇▇▇▇▇▇ so affected shall be one month or he shall be paid one month’s 's salary in lieu of notice.
(3) Seamen who have served the agreed contract period shall not be entitled to redundancy compensation.
Appears in 1 contract
Sources: Collective Agreement
Redundancy Compensation. (1) In the event of redundancy arising due to sale, laying up, change of registry of a vessel or other reasons and the Company is being compelled to terminate the employment of a ▇▇▇▇▇▇, and if similar alternative employment in the Company is not available after exhaustion of leaveavailable, the Company shall pay to the ▇▇▇▇▇▇ in addition to the other benefits he is entitled to under this Agreement, two months’ last drawn basic salary.
(2) The notice of termination of service to a ▇▇▇▇▇▇ so affected shall be one month or he shall be paid one month’s salary in lieu of notice.
(3) Seamen who have served the agreed contract period shall not be entitled to redundancy compensation.
Appears in 1 contract
Sources: Collective Agreement