SEVERANCE AND LAY Sample Clauses

SEVERANCE AND LAY. OFF PAY 9
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SEVERANCE AND LAY. OFF PAY 10 ARTICLE 21.0 - JURY DUTY 10 ARTICLE 22.0 - DISMISSED OR IMPROPER CHARGES 10 ARTICLE 23.0 - EDUCATION AND UPGRADING 10 ARTICLE 24.0 - JOB POSTING 11 ARTICLE 25.0 - SICK LEAVE 11 ARTICLE 26.0 - HEALTH & W ELLNESS and PENSION 11 ARTICLE 27.0 - DISMISSAL 12 ARTICLE 27.0 - SAVINGS CLAUSE 13 ARTICLE 28.0 - DURATION AND AMENDMENT OF AGREEMENT 13
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SEVERANCE AND LAY. OFF PAY - Severance and lay-off pay as per Company Policy.
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SEVERANCE AND LAY. OFF PAY 7 ARTICLE 16.00 - LEAVE OF ABSENCE. 7 16.01 LEAVE OF ABSENCE DUE TO INJURY 7 16.02 INJURY REPORTING TIME 7 16.03 LEAVE OF ABSENCE, APPLICATION 7 16.04 UNION SERVICE 7 16.05 INJURY REPORT 7 ARTICLE 17.00 - SICK LEAVE. 7 17.01 SICK LEAVE INCOME 7 17.02 SICK LEAVE ELIGIBILITY 7 17.03 SICK TIME GRANTED 7 17.04 SICK LEAVE ACCUMULATED 7 17.05 SICK LEAVE TERMINATION 8 ARTICLE 18.00 - BEREAVEMENT LEAVE. 8 18.01 EMPLOYER SHALL PAY 8 ARTICLE 19.00 - MATERNITY / ADOPTION LEAVE. 8 19.01 MATERNITY / ADOPTION LEAVE 8
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SEVERANCE AND LAY. Off. For a period beginning on the Closing Date and ending twelve (12) months following the Closing Date, Buyer may terminate the employment of, or lay off, any Transferred Employee, provided that any such Transferred Employee terminated or laid-off without Cause and any Business Employee who does not accept Buyer's offer of employment shall be entitled to receive severance payments and severance benefits no less favorable than the greater of the payments and benefits provided by Seller, as set forth on Schedule 2.3.1(G)(1), or by Buyer, as set forth on Schedule 2.3.1(G)(2) ("Buyer's Severance Policy"). For purposes of this subparagraph, "Cause" shall mean as determined in the good-faith discretion of Buyer. With respect to not more than (i) 100 full-time and (ii) 100 part-time, Business Employees or Transferred Employees who are eligible for benefits pursuant to this Section 2.3.1(G), Buyer shall be reimbursed by Seller for any amount associated with severance payments and benefits in excess of the amount that would be paid under Buyer' Severance Policy in accordance with the provisions of Section 2.3.5 hereof.
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Related to SEVERANCE AND LAY

  • Severance Agreement Any payments of compensation made pursuant to Articles 4 and 5 are contingent on Executive executing the Company’s standard severance agreement, including a general release of the Company, its owners, partners, stockholders, directors, officers, employees, independent contractors, agents, attorneys, representatives, predecessors, successors and assigns, parents, subsidiaries, affiliated entities and related entities, and on Executive’s continued compliance with Section 6. Executive must execute the standard severance agreement and release within 45 days of being provided with the document to sign or the severance agreement offer will expire.

  • Severance and Retirement Options (i) Where an employee resigns within 30 days after receiving notice of layoff pursuant to article 14.02 (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. (ii) Where an employee resigns later than 30 days after receiving notice pursuant to article 14.02(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. (b) Prior to issuing notice of layoff pursuant to article 14.02(a)(ii) in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under HOOPP within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff under article 14.02(a)(ii). Within thirty (30) days from the date of notice of layoff, an employee who has received notice of layoff of a permanent or long-term nature may retire provided that the employee is eligible to retire under the terms of the Hospitals of Ontario Pension Plan. An employee who chooses this option forfeits her right to notice and will receive severance pay on the basis of two (2) weeks’ pay for each year of service with the Hospital to a maximum of fifty-two (52) weeks on the basis of the employees normal weekly earnings. In addition, full-time employees will receive a lump sum payment equal to $1,000.00 for every year less than age 65, to a maximum of $5,000.00.

  • Severance Plan The term “Severance Plan” shall mean the Assured Guaranty Ltd. Executive Severance Plan.

  • Right to Severance Benefits The Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 3.3 herein, if there has been a Change in Control of the Company and if, within twenty-four (24) calendar months following the Change in Control, a Qualifying Termination of the Executive has occurred. The Executive shall not be entitled to receive Severance Benefits if he/she is terminated for Cause, or if his/her employment with the Company ends due to death, Disability, or Retirement or due to a voluntary termination of employment by the Executive without Good Reason.

  • Severance Compensation upon Termination of Employment If the Company shall terminate the Executive’s employment other than pursuant to Section 5(a), (b) or (c) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount equal to three (3) times the average of the aggregate annual compensation paid to the Executive during the three (3) fiscal years of the Company immediately preceding the Change of Control by the Company subject to United States income taxes (or, such fewer number of fiscal years if the Executive has not been employed by the Company during each of the preceding three (3) fiscal years).