Common use of Redundancy Payment Clause in Contracts

Redundancy Payment. 68.1 An employee must have 12 months’ continuous service with AgriFutures to qualify for a redundancy payment. 68.2 If an employee’s employment is terminated on redundancy grounds, the employee will be entitled to either: a. three weeks base salary for each completed year of service with AgriFutures (to a maximum 48 weeks’ salary); or b. payment in accordance with the relevant provisions of the Fair Work ▇▇▇ ▇▇▇▇; whichever is the greater. 68.3 Redundancy pay will be calculated on a pro rata basis where the employee has worked permanent part-time hours during the period of service with AgriFutures. 68.4 Absences from work which do not count as service will not count as service for severance pay purposes.

Redundancy Payment. 68.1 An employee must have 12 months’ continuous service with AgriFutures to qualify for a redundancy payment. 68.2 If an employee’s employment is terminated on redundancy grounds, the employee will be entitled to either: a. three weeks base salary Base Salary for each completed year of service with AgriFutures (to a maximum 48 weeks’ salary); or b. payment in accordance with the relevant provisions of the Fair Work ▇▇▇ ▇▇▇▇; whichever is the greater. 68.3 Redundancy pay will be calculated on a pro rata basis where the employee has worked permanent part-time hours during the period of service with AgriFutures. 68.4 Absences from work which do not count as service will not count as service for severance pay purposes.