Common use of Service Payment Clause in Contracts

Service Payment. A service payment of three weeks ordinary time wages for each year of service and pro rata for part years. For example: Up to 12 mths service 3 weeks wages After 2.5 years 7.5 weeks wages After 5 years 15 weeks wages After 8 years 8 months 26 weeks wages After 13 years 39 weeks wages After 17 years 51 weeks wages The maximum service payment under this policy shall be one year’s ordinary time wages. The minimum service payment to any employee retrenched shall be 3 weeks wages.

Service Payment. A service payment of three weeks ordinary time wages for each year of service and pro rata for part years. For example: Up to 12 mths service 3 weeks wages After 2.5 years 7.5 weeks wages After 5 years 15 weeks wages After 8 years 8 months 26 weeks wages After 13 years 39 weeks wages After 17 years 51 weeks wages The maximum service payment under this policy shall be one year’s ordinary time wages40 weeks. The minimum service payment to any employee retrenched shall be 3 weeks wages.

Service Payment. A service payment of three weeks weeks' pay at the ordinary time wages rate for each year of service and pro rata for part years. For example: Up to 12 mths service 3 weeks wages After 2.5 years 7.5 weeks wages After 5 years 15 weeks wages After 8 years 8 months 26 weeks wages After 13 years 39 weeks wages After 17 years 51 weeks wages The maximum service payment under this policy shall be one year’s ordinary time wages. The minimum service payment to any employee retrenched shall be 4 months 3 weeks wages.