Common use of Redundancy Payments Clause in Contracts

Redundancy Payments. (a) Employees made redundant shall be entitled to receive the following redundancy payments in addition, to separate entitlements to Special Leave, Annual Leave, Long Service Leave and Personal Leave Payout entitlements as well as their full share of the South East Fibre Exports Superannuation Plan as determined in line with the provisions of the Trust Deed. (b) Redundancy payments at current salary level will be paid to each employee as follows: (i) Four (4) weeks pay, plus (ii) Three (3) weeks pay for each completed year of service in the case of Voluntary Redundancy or (iii) Four (4) weeks per year of service in the case of forced redundancy only. (iv) The payments prescribed in (o), (i), (ii) and (iii) shall not exceed a combined total of 78 weeks pay. (c) In the case of voluntary redundancy only, employees over the age of forty (40) years shall be entitled to one week’s pay for each year of service completed after they have attained the age of forty in addition to the payments prescribed in sub-clause (o) (d) Notwithstanding the provisions for payment set out in (o) and (p) above, an employee shall not be entitled under this severance pay provision to payments in excess of those he/she would have received in ordinary pay had he/she remained with the Company until the nominal retirement date, that being the date they turn 65 years of age (e) Where an employee takes up employment away from the Eden area which requires the employee and his/her family to relocate within six (6) months of being retrenched, the Company will reimburse removalist expenses to a maximum of $1,500 subject to the following conditions: (f) Reimbursement by the Company will not be made where the employee is entitled to assistance under the Relocation Assistance Scheme administered by Centrelink. (g) To qualify for reimbursement from the Company affected employees must provide the Company with accounts and/or receipts relating to all removalist expenses incurred.

Redundancy Payments. (a) Employees made redundant Where the employment of an Employee is to be terminated pursuant to clause 19.4, the Employer shall be entitled to receive pay the following redundancy payments in addition, severance pay (subject to separate entitlements to Special Leave, Annual Leave, Long Service Leave and Personal Leave Payout entitlements as well as their full share of the South East Fibre Exports Superannuation Plan as determined in line with the provisions of the Trust Deed. (b) Redundancy payments at current salary level will be paid to each employee as follows:this clause 19): (i) Four (4) weeks payin the case of Schedule 1, plusD.1 Employees, three weeks' pay per year of service; (ii) Three (3) weeks for other Employees, two weeks' pay, in the first instance, and in addition, four weeks' pay for each completed year of continuous service in the case (pro rata for each completed month of Voluntary Redundancy orservice); (iii) Four Redundancy pay will be calculated at the Employee's Classification Rate, plus the weekly average of shift allowances, personal margins, service payments and weekend penalties, but excluding overtime, over the period of 12 months immediately preceding termination, redeployment or relocation, whichever is applicable provided that where a full time Employee returns to work part time after a period of parental leave: (4A) weeks per year Their redundancy pay will be calculated at the greater of service the amount calculated in the case manner set out above and their weekly average rate of forced redundancy onlypay calculated over the last 5 consecutive years (excluding any periods of parental leave). (ivB) The payments prescribed However, for the purposes of calculating the average, if the Employee's rate of pay in any of the 5 consecutive years for their then Grade falls below the current Classification Rate for that Grade, then the rate of pay will be the current Classification Rate for that Grade for the hours worked. By way of clarification, the severance payment outlined above is inclusive of any notice period or redundancy payment payable under this Agreement or any legislation or under a contract of employment. In the event that this amount is less than the notice period under this Agreement the Employee will receive the notice period as a severance payment. However, the severance payment (o), which includes notice) must always equal or exceed the total of any payment in lieu of notice and redundancy payment under the National Employment Standards. Maximum redundancy payment (i)) For Employees who commenced on or after 1 July 1970, the maximum redundancy entitlement will be a sum equivalent to the Employee's rate of pay as defined for 112 weeks. (ii) and (iii) shall not exceed a combined total of 78 weeks pay. (c) In the case of voluntary redundancy only, employees over the age of forty (40) years No Employee shall be entitled to one week’s pay a severance payment greater than the amount calculated as the maximum redundancy payment of 112 weeks at the minimum Classification Rate for each year Grade 10 (Metropolitan Newspapers) under this Agreement, plus 20 per cent. For the avoidance of service completed after they have attained doubt, this maximum redundancy payment will be calculated using the age of forty in following formula: X * 112 * 1.2 Where X equals the Classification Rate for Grade 10 (Metropolitan Newspapers) In addition to a redundancy payment an Employee whose employment is terminated on the payments prescribed ground of Technology Redundancy (a redundancy which arises solely from the introduction of new or updating of existing technology) will receive a pro-rata long service leave payment in sub-clause (o) (d) Notwithstanding the provisions for payment set out in (o) and (p) above, an employee shall not be entitled under this severance pay provision to payments in excess of those he/she would have received in ordinary pay had he/she remained accordance with the Company until the nominal retirement daterelevant industrial award, that being the date they turn 65 industrial agreement or statute after five years of age (e) Where an employee takes up employment away from the Eden area which requires the employee and his/her family to relocate within six (6) months of being retrenched, the Company will reimburse removalist expenses to a maximum of $1,500 subject to the following conditions: (f) Reimbursement by the Company will not be made where the employee is entitled to assistance under the Relocation Assistance Scheme administered by Centrelinkcontinuous service. (g) To qualify for reimbursement from the Company affected employees must provide the Company with accounts and/or receipts relating to all removalist expenses incurred.

Redundancy Payments. 50.5.1 For the purposes of this clause only, Redundancy Pay consists of the following: (a) Employees made redundant shall be entitled to receive the following redundancy payments in addition, to separate entitlements to Special Leave, Annual Leave, Long Service Leave and Personal Leave Payout entitlements as well as their full share of the South East Fibre Exports Superannuation Plan as determined in line with the provisions of the Trust Deed.Employee’s salary; (b) any higher duties allowance where an Employee has been acting continuously in a higher position for a period of at least 12 months immediately preceding the date on which the Employee was notified that their job was redundant (Redundancy payments at current salary level will be paid to each employee as follows: (i) Four (4) weeks pay, plus (ii) Three (3) weeks pay for each completed year of service in the case of Voluntary Redundancy or (iii) Four (4) weeks per year of service in the case of forced redundancy only. (iv) The payments prescribed in (oNotification Date), (i), (ii) and (iii) shall not exceed a combined total of 78 weeks pay.; (c) In only if the case Employee was entitled to a composite pay or buy-out loading, or shift penalties, for 50% or more of voluntary redundancy only, employees the pay periods in the 12 months preceding the Redundancy Notification Date – the weekly average of the composite pay or buy-out loading or the shift penalties received by the Employee over the age of forty (40) years shall be entitled to one week’s pay for each year of service completed after they have attained 12 months preceding the age of forty in addition to the payments prescribed in sub-clause (o)Redundancy Notification Date; and (d) Notwithstanding other allowances in the provisions nature of salary which are paid during periods of annual leave and on a regular basis, excluding allowances which are a reimbursement for expenses incurred, or payment set out in (o) and (p) above, an employee shall not be entitled under this severance pay provision to payments in excess of those he/she would have received in ordinary pay had he/she remained for disabilities associated with the Company until performance of duty. 50.5.2 An Employee whose employment is terminated by SBS by reason of redundancy will receive: (a) 5 weeks’ notice of termination, or pay in lieu of all or part of that notice; (b) 4 weeks’ Redundancy Pay for each of the nominal retirement date, that being the date they turn 65 first 5 years of age (e) Where an employee takes up employment away from the Eden area which requires the employee and his/her family to relocate within six (6) months Employee’s Government Service, then 3 weeks’ Redundancy Pay for every additional year of being retrenchedGovernment Service, the Company will reimburse removalist expenses to a maximum of $1,500 subject to the following conditions:Employee’s most recent 24 years of Government Service; (fc) Reimbursement by any accrued but untaken long service leave and pro-rata long service leave; and (d) any accrued but untaken annual leave, and any additional payment pursuant to clause 11.5.2 of this Agreement. 50.5.3 A redundancy payment under this clause is in satisfaction of any other entitlement to notice or payment in lieu under this Agreement or the Company will not be made where the employee is entitled NES, or to assistance redundancy pay under the Relocation Assistance Scheme administered by CentrelinkNES. (g) To qualify for reimbursement from 50.5.4 For the Company affected employees must provide purposes of subclause 50.5.1 above, where one or more periods of an Employee’s Government Service were on a part-time basis, the Company with accounts and/or receipts relating length attributed to all removalist expenses incurredsuch service will be pro-rated.

Redundancy Payments. (a) Employees made redundant shall be All Employees, inclusive of casuals but excluding apprentices/trainees, are entitled to receive redundancy benefits through payments made by the following redundancy payments in addition, employer to separate entitlements to Special Leave, Annual Leave, Long Service Leave and Personal Leave Payout entitlements as well as Redundancy Fund ("the Redundancy Fund payment") by the Company on their full share of the South East Fibre Exports Superannuation Plan as determined in line with the provisions of the Trust Deedbehalf. (b) The entitlement to the Redundancy payments at current salary level will Fund payment for a pay period shall arise when the Employee has worked 19 hours or more during a pay period provided that all periods of authorised leave are to be paid to each employee as follows: (i) Four (4) weeks pay, plus (ii) Three (3) weeks pay for each completed year of service treated in the case same manner as if the Employee concerned had worked during the period of Voluntary Redundancy or (iii) Four (4) weeks per year of service in the case of forced redundancy only. (iv) The payments prescribed in (o), (i), (ii) and (iii) shall not exceed a combined total of 78 weeks payauthorised leave. (c) In circumstances where an Employee's entitlement to the case of voluntary redundancy only, employees over Redundancy Fund payment arises whilst the age of forty (40) years Employee is on authorised leave then the Redundancy Fund payment shall be entitled to one week’s pay for each year of service completed after they have attained made in the age of forty same quantum as the Redundancy Fund payment paid by the Company in addition relation to the payments prescribed in sub-clause (o)Employee for the pay period immediately preceding the commencement of the authorised leave. (d) Notwithstanding Subject to this clause, for work performed by an Employee in any pay period up to and including 1 June 2003, and which is provided for in a relevant Division, the provisions for Redundancy Fund payment shall be the amount set out in (o) the wages and (p) above, an employee shall not be entitled other remuneration clause of that Division under this severance pay provision to payments in excess of those hethe heading "Redundancy/she would have received in ordinary pay had he/she remained with the Company until the nominal retirement date, that being the date they turn 65 years of ageTraining". (e) Where Subject to this clause, for work performed by an employee takes up employment away Employee in any pay period from 1 June 2003, or the Eden area date of certification whichever is the later, and which requires the employee and his/her family to relocate within six (6) months of being retrenchedis provided for in a relevant Division, the Company will reimburse removalist expenses to a maximum Redundancy Fund payment shall be the amount set out in the wages and other remuneration clause of that Division under the heading "Redundancy/Training" less the amount of $1,500 subject to the following conditions:5.00. (f) Reimbursement by For the Company will not purposes of (d) and (e) an Employee shall be made where deemed to have performed work provided for in relation to a relevant Division for the employee whole of the pay period if the Employee has worked for 19 hours or more in that pay period in work which is entitled to assistance under the Relocation Assistance Scheme administered by Centrelinkprovided for in that Division. (g) To qualify for reimbursement from The Company shall at the time of termination: (i) provide a Redundancy Fund "certificate of employment" to the Employee with the Employee's termination payment, within 4 working days; (ii) ensure all contributions owing to Redundancy Fund in relation to the Employee are paid up to date; and (iii) complete a certificate of employment on the form provided by Redundancy Fund to certify the length of the Employee's employment with the Company affected employees must provide and to forthwith forward that certificate to Redundancy Fund . (h) When an Employee's employment is terminated by the Company with accounts and/or receipts relating on account of redundancy the Company shall pay to all removalist expenses incurredthe Employee a lump sum that equals the amount the Company is obliged to pay pursuant to the relevant industrial instrument in regard to redundancy less any credits in the Employee's account in Redundancy Fund , provided that if the Company's obligation in relation to redundancy pursuant to the relevant industrial instrument is equal to or less than the credits in the Employee's account in Redundancy Fund , then the Company shall not be liable for any further payments in relation to redundancy pursuant to this Clause. (i) All Redundancy Fund payments must be paid to Redundancy Fund on or before the 15th of each month. (j) The Redundancy Fund payment shall be deemed to be inclusive of tax payments (if any) required to be made in relation to Fringe Benefits Taxation.

Redundancy Payments. (a) Employees made redundant shall be All Employees, inclusive of casuals, are entitled to receive redundancy benefits through payments made by the following redundancy payments employer to Redundancy Fund ("the Redundancy Fund payment") by the Employer on their behalf. Employer contributions for Apprentices will be pro rota based as per percentages reflected in addition, to separate entitlements to Special Leave, Annual Leave, Long Service Leave and Personal Leave Payout entitlements as well as their full share of the South East Fibre Exports Superannuation Plan as determined in line with the provisions of the Trust DeedSchedule 1 . (b) The entitlement to the Redundancy payments at current salary level will Fund payment for a pay period shall arise when the Employee has worked 19 hours or more during a pay period provided that all periods of authorised leave are to be paid to each employee as follows: (i) Four (4) weeks pay, plus (ii) Three (3) weeks pay for each completed year of service treated in the case same manner as if the Employee concerned had worked during the period of Voluntary Redundancy or (iii) Four (4) weeks per year of service in the case of forced redundancy only. (iv) The payments prescribed in (o), (i), (ii) and (iii) shall not exceed a combined total of 78 weeks payauthorised leave. (c) In circumstances where an Employee's entitlement to the case of voluntary redundancy only, employees over Redundancy Fund payment arises whilst the age of forty (40) years Employee is on authorised leave then the Redundancy Fund payment shall be entitled to one week’s pay for each year of service completed after they have attained made in the age of forty same quantum as the Redundancy Fund payment paid by the Employer in addition relation to the payments prescribed in sub-clause (o)Employee for the pay period immediately preceding the commencement of the authorised leave. (d) Notwithstanding The Employer shall at the provisions for payment set out in time of termination: (oi) and (p) above, an employee shall not be entitled under this severance pay provision provide a Redundancy Fund "certificate of employment" to payments in excess of those he/she would have received in ordinary pay had he/she remained the Employee with the Company until Employee's termination payment, within 4 working days; (ii) ensure all contributions owing to Redundancy Fund in relation to the nominal retirement Employee are paid up to date, ; and (iii) complete a certificate of employment on the form provided by Redundancy Fund to certify the length of the Employee's employment with the Employer and to forthwith forward that being the date they turn 65 years of agecertificate to Redundancy Fund . (e) Where When an employee takes up Employee's employment away from is terminated by the Eden area which requires Employer on account of redundancy the employee and his/her family to relocate within six (6) months of being retrenched, the Company will reimburse removalist expenses to a maximum of $1,500 subject Employer shall pay to the following conditions:Employee a lump sum that equals the amount the Employer is obliged to pay pursuant to the relevant industrial instrument in regard to redundancy less any credits in the Employee's account in Redundancy Fund , provided that if the Employer's obligation in relation to redundancy pursuant to the relevant industrial instrument is equal to or less than the credits in the Employee'.s account in Redundancy Fund , then the Employer shall not be liable for any further payments in relation to redundancy pursuant to this Clause. (f) Reimbursement by All Redundancy Fund payments must be paid to Redundancy Fund on or before the Company will not be made where the employee is entitled to assistance under the Relocation Assistance Scheme administered by Centrelink15th of each month. (g) To qualify for reimbursement from the Company affected employees must provide the Company with accounts and/or receipts relating The Redundancy Fund payment shall be deemed to all removalist expenses incurredbe inclusive of tax payments (if any) required to be made in relation to Fringe Benefits Taxation.

Redundancy Payments. (a) Employees made redundant shall be All Employees, inclusive of casuals, are entitled to receive redundancy benefits through payments made by the following redundancy payments Employer to the Redundancy Fund ('1he Redundancy Fund payment") by the Company on their behalf as set out in addition, to separate entitlements to Special Leave, Annual Leave, Long Service Leave and Personal Leave Payout entitlements as well as their full share Appendix 1 of the South East Fibre Exports Superannuation Plan as determined this agreement. All contributions paid in line accordance with the provisions of the Trust Deedthis clause will be paid on a monthly basis. (b) The entitlement to the Redundancy payments at current salary level Fund payment for a pay period will arise when the Employee has worked 19 hours or more during a pay period provided that all periods of authorised leave are to be paid to each employee as follows: (i) Four (4) weeks pay, plus (ii) Three (3) weeks pay for each completed year of service treated in the case same manner as if the Employee concerned had worked during the period of Voluntary Redundancy or (iii) Four (4) weeks per year of service in the case of forced redundancy only. (iv) The payments prescribed in (o), (i), (ii) and (iii) shall not exceed a combined total of 78 weeks payauthorised leave. (c) In the case of voluntary redundancy only, employees over the age of forty (40) years shall be entitled to one week’s pay for each year of service completed after they have attained the age of forty in addition circumstances where an Employee's entitlement to the payments prescribed Redundancy Fund payment arises whilst the Employee is on authorised leave then the Redundancy Fund payment will be made in sub-clause (o)the same quantum as the Redundancy Fund payment paid by the Company in relation to the Employee for the pay period immediately preceding the commencement of the authorised leave. (d) Notwithstanding The Company will at the provisions for payment set out time of termination: (i) provide a Redundancy Fund ''certificate of employment'' to the Employee with the Employee's termination payment, within two business days; (ii) ensure all contributions owing to Redundancy Fund in relation to the Employee are paid up to date; and (oiii) and (p) above, an employee shall not be entitled under this severance pay provision complete a certificate of employment on the form provided by Redundancy Fund to payments in excess certify the length of those he/she would have received in ordinary pay had he/she remained the Employee's employment with the Company until the nominal retirement date, and to forthwith forward that being the date they turn 65 years of agecertificate to Redundancy Fund. (e) Where When an employee takes up Employee's employment away from is terminated by the Eden area which requires the employee and his/her family to relocate within six (6) months Company on account of being retrenched, redundancy the Company will reimburse removalist expenses to a maximum of $1,500 subject pay to the following conditions: (f) Reimbursement by Employee a lump sum that equals the amount the Company is obliged to pay pursuant to the relevant industrial instrument in regard to redundancy less any credits in the Employee's account in Redundancy Fund , provided that if the Company's obligation in relation to redundancy pursuant to the relevant industrial instrument is equal to or less than the credits in the Employee's account in Redundancy Fund , then the Company will not be made where liable for any further payments in relation to redundancy pursuant to this Clause. (f) Alf Redundancy Fund payments must be paid to Redundancy Fund on or before the employee is entitled to assistance under the Relocation Assistance Scheme administered by Centrelink15th of each month. (g) To qualify for reimbursement from the Company affected employees must provide the Company with accounts and/or receipts relating The Redundancy Fund payment will be deemed to all removalist expenses incurredbe inclusive of tax payments (if any) required to be made in relation to Fringe Benefits Taxation.