Separation Allowance Clause Samples
A Separation Allowance clause defines the financial compensation or benefits provided to an employee upon the termination of their employment, typically when the separation is not due to the employee's fault. This clause outlines the amount, form, and timing of the allowance, which may include lump-sum payments, continued salary for a set period, or other benefits such as health insurance extensions. Its core practical function is to provide financial support to employees transitioning out of the organization, while also clarifying the employer's obligations and helping to prevent disputes related to severance entitlements.
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Separation Allowance. Whereas the ▇▇▇▇▇▇▇ Foundation may require reductions in the number of Full-time and Part-time Employees that they employ, the Parties agree to provide a Separation Allowance as follows:
1. During the term of this Letter of Understanding, the Separation Allowance as outlined in the attached Schedule, is available as an alternative to the provisions of the Layoff/ Recall Article of this Collective Agreement if selected by an Employee who is being laid off and agreed to by the Employer.
2. The Separation Allowance will be available for Full-time and Part-time Employees. Eligible Employees will be entitled to receive the Separation Allowance at their regular Basic Rate of Pay in effect at the time of election, according to the attached Schedule.
3. Where an eligible Employee has made an election to accept the Separation Allowance, the election shall only be altered by agreement of the Employee and Employer. Separation of Employment shall occur at a time selected by the Employer. Employees shall make their election for Separation Allowance within fourteen (14) calendar days of the receipt of a Notice of Layoff.
4. In addition to the foregoing, Employees who have not received Notice of Layoff may request the Separation Allowance. Such offers may, but will not necessarily result in an offer of the Separation Allowance by the Employer to that Employee. Offers are subject to operational requirements as determined by the Employer, whose decision is final and binding and cannot be challenged. Employees who request the Separation Allowance, if approved by the Employer under this paragraph, are required to resign at a time acceptable to the Employer.
5. Severance shall be provided, at the request of the Employee, as:
(i) A lump sum payment; or
(ii) contribution to an RRSP of the Employee’s choice; or
(iii) any combination of the above; or
(iv) other provisions as agreed by the Employer and Employee.
6. This Letter of Understanding, including the attached Schedule, shall be effective date of signing and shall remain in force and effect until May 31st, 2017.
Separation Allowance. Where an employee resigns from his/her employment with the Employer within two (2) weeks after receiving notice of lay-off under Article 48.11 he/she shall be entitled to a separation allowance as follows:
(a) One thousand dollars ($1,000.00) for one (1) year of seniority or more, but less than five (5) years.
(b) Two thousand dollars ($2,000.00) for five (5) years of seniority or more, but less than ten (10) years.
(c) Three thousand dollars ($3,000.00) for ten (10) years of seniority or more, but less than fifteen (15) years.
(d) Four thousand dollars ($4,000.00) for fifteen (15) years of seniority or more, but less than twenty (20) years.
(e) Five thousand dollars ($5,000.00) for twenty (20) years of seniority or more. In addition and upon request, he/she shall be provided assistance with resume preparation, job search skills, and where possible, notification of any retraining and/or job skill development opportunities, provided the employee requests the assistance within twelve (12) months of resignation.
Separation Allowance. Should it become necessary to close the plant or a portion of the plant and it is not expected that those affected will be re-employed, a separation allowance will be paid to employees subject to the following:
Separation Allowance. Where an employee resigns and his or her resignation takes effect within one (1) month after receiving surplus notice, he or she shall be entitled to a separation allowance of two (2) weeks’ salary for each year of continuous service to a maximum of twelve (12) weeks’ pay. On production of receipts from an approved educational program within twelve (12) months of resignation, the employee may be reimbursed for tuition fees up to a maximum of three thousand dollars ($3,000). An employee who resigns pursuant to Article 20A.3 will not be eligible for any other entitlements under Article 20A.
Separation Allowance. An employee leaving the Government Service without having received their annual vacation for that year shall be allowed pay in lieu of earned vacation at regular rate of pay.
Separation Allowance. A Dismissed Employee may, at such employee’s option, within seven (7) days of dismissal or an arbitration award establishing the employee’s status as a Dismissed Employee, resign and (in lieu of all other benefits and protections provided in this award term B.5) accept a lump sum payment computed in accordance with Section 9 of the Washington Job Protection Agreement of May 1936, as amended.
Separation Allowance. A dismissed employee entitled to protection under this Appendix, may, at his option within 7 days of his dismissal, resign and (in lieu of all other benefits and protections provided in this Appendix) accept a lump sum payment computed in accordance with Section 9 of the Washington Job Protection Agreement of May, 1936.
Separation Allowance. The separation allowance shall consist of three (3) weeks of basic pay (twenty-one [21] days at the calendar rate) for each year of cumulative compensated service* to a maximum of seventy-five per cent (75%) the Officer could earn at this basic rate prior to age sixty-five (65). A pro-rated payment will be made for a part year. This enhanced allowance for separation due to redundant jobs replaces the severance provisions of Article 1.30 in the current Collective Agreement. *Cumulative Compensated Service shall be defined as:
a) One (1) month of cumulative service is equal to 30.42 days with the Company. Twelve (12) of these months shall constitute one (1) year of cumulative compensated service (time on Long Term Disability is excluded).
Separation Allowance. (a) Where an employee resigns within thirty (30) days after receiving notice of layoff pursuant to article 11.08(a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks' salary for each year of continuous service to a maximum of sixteen (16) weeks' pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars.
(b) Where an employee resigns later than thirty (30) days after receiving notice pursuant to Article 11.08(a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of four (4) weeks' salary, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars.
Separation Allowance. 20.3.1 Where an employee resigns and his or her resignation takes effect within one (1) month after receiving surplus notice, he or she shall be entitled to a separation allowance of two (2) weeks’ salary for each year of continuous service to a maximum of twelve (12) weeks’ pay. On production of receipts from an approved educational program within twelve (12) months of resignation, the employee may be reimbursed for tuition fees up to a maximum of three thousand dollars ($3,000). An employee who resigns pursuant to Article 20.3 will not be eligible for any other entitlements under Article 20.
20.3.2 Where an employee resigns later than one (1) month after receiving surplus notice, he or she shall be entitled to a separation allowance of four (4) weeks’ salary, plus on production of receipts from an approved educational program within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty dollars ($1,250). An employee who resigns pursuant to Article 20.3 will not be eligible for any other entitlements under Article 20.