Redundancy – Severance Payment Sample Clauses

Redundancy – Severance Payment. (a) Employees employed as at the date of approval of the Civilmart Wodonga Precast Enterprise Agreement 2024 by the Fair Work Commission are eligible for the following redundancy severance payment where Civilmart has made a definite decision that it no longer wishes the job the employee has been doing; to be done by anyone and that decision may lead to termination of employment, an employee is entitled to the following amount of severance pay in respect of a period of service: Period of continuous service Severance Pay 1 year or less Nil Over 1 year and up to the completion of 2 years 4 weeks' pay Over 2 years and up to the completion of 3 years 6 weeks' pay Over 3 years and up to the completion of 4 years 7 weeks' pay Over 4 years and up the completion of 5 years 8 weeks' pay Five years or more, two weeks’ pay for each completed year of service up to a maximum of 52 weeks. (b) Employees who were not employed by Civilmart as the date of approval by the Fair Work Commission of the Civilmart Wodonga Precast Enterprise Agreement are not subject to the redundancy severance payment in Clauses 5.3 (a). Such employees will receive a redundancy severance payment in accordance with the National Employment Standards. (c) Week's pay means the ordinary time rate of pay for the employee concerned. (d) The severance payments are in addition to the periods of notice specified in 5.0(a).

Redundancy – Severance Payment. Should the Employer determine that an Employee’s role is redundant in circumstances other than those outlined in subclause (2) above, the following severance payment will apply:

Redundancy – Severance Payment a. A permanent Employee who has been made redundant will receive redundancy/severance payments as follows: Less than 1 year 1.75 hours per week of service 1 year or more but less than 2 years 2.4 weeks’ pay plus for all service in excess of 1 year, 1.75 hours pay per completed week of service up to a maximum of 4.8 weeks’ pay 2 years or more but less than 3 years 4.8 weeks’ pay plus, for all service in excess of 2 years, 1.6 hours pay per completed week of service up to a maximum of 7 weeks’ pay 3 years or more than but less than 4 years 7 weeks’ pay plus, for all service in excess of 3 years, 0.73 hours pay per completed week of service up to a maximum of 8 weeks’ pay 4 years or more 8 weeks’ pay b. For the purpose of this clause, i. Weeks pay means the ‘all-purpose hourly rate’ at the time of termination, multiplied by 38 (or pro-rate for part time employees) ii. Hours pay means the “all-purpose hourly rate’ at the time of termination. iii. Any period of service as a casual employee will not entitle the employee to accrue service for the purpose of calculating continuous employment.

Redundancy – Severance Payment. (a) A position becomes redundant when the Employer decides that the position is no longer required for operational reasons (i.e. the Employer does not require the job to be done by the employee occupying the position or by anyone else and this is not due to the ordinary and customary turnover of labour). (b) The employer will endeavour to find suitable alternative employment for any employees whose positions become redundant. (c) Where an employer has given notice of retrenchment to an employee, an employee will be allowed up to one day's time off with pay during each week of notice to seek other employment, provided that, where more than one day's time off is allowed during the notice period, the employer may require the employee to provide satisfactory evidence of attendance at a job interview to qualify for payment for time off in excess of one day. (d) Permanent full time staff aged 45 years or more at the time of being made redundant, and have completed greater than twelve (12) month continuous service with the Company are entitled to an additional two (2) weeks pay above entitlement. (e) Where no suitable alternative employment is available, an employee may be retrenched with the following minimum amount of severance pay (calculated at the ordinary time rate of pay) in addition to the period of notice specified in Clause 36:

Redundancy – Severance Payment. 39.5.1 Severance payment will be 3.25 weeks (or the NES, whichever is the greater), pay for each completed year of service and pro-rate thereof.

Redundancy – Severance Payment a) In addition to the period of notice prescribed for ordinary termination in Clause 33, where the employee’s employment is terminated in circumstances where the company no longer wishes the job that the employee has been doing to be done by anyone and this is not due to the ordinary and customary turnover of labour, the employee shall be entitled to the following amount of severance pay in respect of continuous service: 1 year or less nil 1 year and up to the completion of 2 years 4 weeks pay 2 years and up to the completion of 3 years 6 weeks pay 3 years and up to the completion of 4 years 7 weeks pay 4 years and over 8 weeks pay b) The term “weeks pay” means the ordinary rate of pay for the employee concerned. The amount of severance pay shall not exceed the amount which the employee would have earned if employment with the company had proceeded to the employee’s normal retirement date. The Company shall not be obliged to make a severance payment if the company obtains suitable alternative employment for the employee, and the employee unreasonably rejects the offer of employment. c) The Company shall not be obliged to make a severance payment if the employer obtains suitable alternative employment for the employee, and the employee accepts or unreasonably rejects the offer of employment.

Redundancy – Severance Payment. Where an employee’s termination is by retrenchment due to their position becoming redundant, the employee shall, in addition to the period of notice specified in Clause 26(a) above, be entitled to a severance payment as follows: