Common use of Redundancy – Severance Payment Clause in Contracts

Redundancy – Severance Payment. (a) Where Employees‘ termination is by retrenchment due to their position becoming redundant, they shall, in addition to the period of notice specified in Clause 20 (a) above, be entitled to a severance payment as follows: 1 year or less Nil Over 1 year and up to completion of 2 years 4 weeks Over 2 years and up to completion of 3 years 6 weeks Over 3 years and up to completion of 4 years 7 weeks Over 4 years and up to completion of 5 years 8 weeks Over 5 years and up to completion of 6 years 10 weeks Over 6 years and up to completion of 7 years 11 weeks Over 7 years and up to completion of 8 years 13 weeks Over 8 years and up to completion of 9 years 14 weeks Over 9 years and up to completion of 10 years 16 weeks Over 10 years 12 weeks (b) The Company shall not be obliged to make a severance payment if the Company obtains suitable alternative employment for Employees, and Employees unreasonably reject the offer of employment.

Redundancy – Severance Payment. (a) Where Employees‘ an Employee’s termination is by retrenchment due to their position becoming redundant, they the Employee shall, in addition to the period of notice specified in Clause 20 (a20(a) above, be entitled to a severance payment as follows: 1 year or less Nil Over 1 year and up to completion of 2 years 4 weeks Over 2 years and up to completion of 3 years 6 weeks Over 3 years and up to completion of 4 years 7 weeks Over 4 years and up to completion of 5 years 8 weeks Over 5 years and up to completion of 6 years 10 weeks Over 6 years and up to completion of 7 years 11 weeks Over 7 years and up to completion of 8 years 13 weeks Over 8 years and up to completion of 9 years 14 weeks Over 9 years and up to completion of 10 years 16 weeks Over 10 years 12 weeksweeks‌ (b) The Company Employer shall not be obliged to make a severance payment if the Company Employer obtains suitable alternative employment for Employeesthe Employee, and Employees the Employee unreasonably reject rejects the offer of employment. (c) Redundancy payments are calculated on the basis of the Employee’s ordinary time earnings.