Common use of Settlement Allowance Clause in Contracts

Settlement Allowance. 48.01 The Employer agrees to pay each employee a settlement allowance of three thousand seven hundred dollars ($3,700.00) annually, payable in three installments in the last pay of: June, 25% December, 50% March, 25%. Apprentices shall not be entitled to the above allowance.

Appears in 1 contract

Sources: Collective Agreement

Settlement Allowance. β€Œ 48.01 The Employer agrees to pay each employee a settlement allowance of three thousand seven nine hundred dollars ($3,700.003,900.00) annually, payable in three installments in the last pay of: June, 25% December, 50% March, 25%. Apprentices shall not be entitled to the above allowance.

Appears in 1 contract

Sources: Collective Agreement

Settlement Allowance. 48.01 The Employer agrees to pay each employee a settlement allowance of three thousand seven five hundred dollars ($3,700.003,500.00) annually, payable in three installments in the last pay of: June, 25% December, 50% March, 25%. Apprentices shall not will be entitled to the above allowance.. ARTICLE SEVERANCE PAY

Appears in 1 contract

Sources: Collective Agreement