Common use of Severance and Termination Clause in Contracts

Severance and Termination. 14.01 If any permanent employee's position with the employer is terminated by the employer after satisfactory completion of the probationary period, then that employee will receive severance pay equivalent to two weeks basic salary for each completed year of service with a minimum payment of three weeks basic salary after six months service. Service beyond a complete year will qualify for part of two weeks pay on a pro rata basis. The maximum severance pay is 48 weeks salary. 14.02 An employee will not qualify for severance pay if he/she is dismissed for gross misconduct, just cause or leaves voluntarily. 14.03 All employees will be provided with not less than one weeks notice of termination of employment except in the case of gross misconduct where termination is immediate. In turn, employees are expected to provide at least one weeks notice before resigning. Subject to the provisions of The Employment Standards Code, Section 58, 2b) – i), in the event an employee fails to provide notice as required a recovery of notice not given to a maximum of one week will be permitted. This will only apply to employees who have completed their probationary period. 14.04 If an employee's position has been eliminated by a change in technology and that employee is offered the opportunity to leave the employer and chooses to do so, rather than retrain for another job within the company, then that employee will also receive termination pay as described in 14.01. 14.05 Employees receiving severance pay as described in 14.01 who wish to return to employment with the employer must repay the full amount of their severance pay, less one (1) week for each week, which has elapsed since they ceased employment with the employer. 14.06 The provisions of this Article includes and are not in addition to the terms of the Employment Standards Code. The provisions of this Article are the only obligation of the Red Deer Advocate for notice or pay in lieu of notice of termination.

Severance and Termination. 14.01 If any permanent employee's position with the employer is terminated by the employer after satisfactory completion of the probationary period, then that employee will receive severance pay equivalent to two weeks basic salary for each completed year of service with a minimum payment of three weeks basic salary after six months service. Service beyond a complete year will qualify for part of two weeks pay on a pro rata basis. The Effective March 1, 2013, the maximum severance pay is 48 44 weeks salary. 14.02 An employee will not qualify for severance pay if he/she is dismissed for gross misconduct, just cause or leaves voluntarily. 14.03 All employees will be provided with not less than one weeks notice of termination of employment except in the case of gross misconduct where termination is immediate. In turn, employees are expected to provide at least one weeks notice before resigning. Subject to the provisions of The Employment Standards Code, Section 58, 2b) – i), in the event an employee fails to provide notice as required a recovery of notice not given to a maximum of one week will be permitted. This will only apply to employees who have completed their probationary period. 14.04 If an employee's position has been eliminated by a change in technology and that employee is offered the opportunity to leave the employer and chooses to do so, rather than retrain for another job within the company, then that employee will also receive termination pay as described in 14.01. 14.05 Employees receiving severance pay as described in 14.01 who wish to return to employment with the employer must repay the full amount of their severance pay, less one (1) week for each week, which has elapsed since they ceased employment with the employer. 14.06 The provisions of this Article includes and are not in addition to the terms of the Employment Standards Code. The provisions of this Article are the only obligation of the Red Deer Advocate for notice or pay in lieu of notice of termination.