Severance Entitlements Clause Samples

Severance Entitlements. Employee’s period of continuous service Severance benefit At least 1 year but less than 2 years 4 weeks At least 2 years but less than 3 years 6 weeks At least 3 years but less than 4 years 7 weeks At least 4 years but less than 5 years 8 weeks At least 5 years but less than 6 years 10 weeks At least 6 years but less than 7 years 11 weeks At least 7 years but less than 8 years 13 weeks At least 8 years but less than 9 years 14 weeks At least 9 years 16 weeks

Severance Entitlements. 27.15.1 The severance entitlement of employees pursuant to this Agreement shall consist of the entitlement to severance as provided for in the existing Public Service Act, Regulation 977 Sections 79 through 87, which are hereby incorporated by reference into this Article. 27.15.2 Unless otherwise provided for in this Agreement, severance is payable to the employee one pay period following the date of layoff or such later date as is mutually agreed upon. 27.15.3 Where the employee advises the Employer of preferences for payments under this Article to ensure tax-effective treatment, the Employer will comply subject to requirements at law. 27.15.4 An employee shall not receive payments both under Article 27.15.1 and under Article 38, arising from the same event.

Severance Entitlements. In addition to the period of notice prescribed for ordinary termination in clause 21.1 of this Agreement and subject to further order of the Commission, an employee whose employment is terminated for reasons set out in clause 20.1 (a) is entitled to the following: (a) 4 weeks pay, plus a further 4 weeks pay for each completed year of service. The maximum severance payment under this sub-clause is 52 weeks. (b) Payout of all unused sick leave entitlements. (c) Payout of pro-rata long service leave entitlements after one year of service. (d) Payout of all pro-rata annual leave plus annual leave loading. (e) A statement of employment. (f) Any other legal entitlements.

Severance Entitlements. 27.15.1 The severance entitlement of employees pursuant to this Agreement shall consist of the entitlement to severance as provided for in the existing Public Service of Ontario Act, 2006, Management Board of Cabinet Compensation Directive, August 20, 2007, sections 60 to 68, which are hereby incorporated by reference into this Article. 27.15.2 Unless otherwise provided for in this Agreement, severance is payable to the employee one pay period following the date of layoff or such later date as is mutually agreed upon. 27.15.3 Where the employee advises the Employer of preferences for payments under this Article to ensure tax-effective treatment, the Employer will comply subject to requirements at law. 27.15.4 An employee shall not receive payments both under Article 27.15.1 and under Article 38, arising from the same event.

Severance Entitlements. 95.1 An employee whose employment is terminated by the Chief Executive Officer on the grounds that the employee is an excess employee is entitled to payment of a redundancy benefit of an amount equal to two weeks’ salary for each completed year of continuous service, plus a pro rata payment for completed months of service since the last completed year of service, or the minimum redundancy benefit to which the employee is entitled under the National Employment Standards (NES), whichever is greater. 95.2 The minimum redundancy benefit payable under this clause will be an amount equivalent to 4 weeks’ salary and the maximum redundancy benefit payable under this clause will be an amount equivalent to 48 weeks’ salary. 95.3 For the purposes of Clause 95.1: (a) the redundancy benefit will be calculated on a pro rata basis for any period where an employee has worked part-time hours during their period of service and the employee has less than 24 years full-time service; (b) the following categories of service will be taken into account in calculating an employee’s period of continuous service: (i) service with IBA; and (ii) government service as defined in section 10 of the Long Service Leave Act 1976; (iii) service with the Australian Defence Forces; (iv) Commonwealth service immediately preceding deemed resignation under the repealed section 49 of the Public Service Act 1922; or (v) service with another organisation where an employee was transferred from IBA to that organisation with a transfer of function, or an employee engaged by that organisation on work within a function is appointed as a result of the transfer of that function to IBA, and such service is recognised for long service leave purposes. (c) the period of continuous service of an employee: (i) for a person employed prior to 11 January 2012 ( the Commencement Date of the Indigenous Business Australia Enterprise Agreement 2012 - 2014), is determined by reference to sections 11 and 12 of the Long Service Leave (Commonwealth Employees) Act 1976; and (ii) for a person employed after 11 January 2012, is determined by reference to Part 2.2 Division 11 of the Fair Work Act 2009. Any period of prior service of an employee (which ceased by way of redundancy, retirement on the ground of invalidity, inefficiency or loss of qualifications, forfeiture of office, dismissal, termination of probationary appointment or temporary engagement for reasons of unsatisfactory service, or voluntary retirement at or above...

Severance Entitlements a. Section 3(b) of the Agreement shall be amended to include the following subsection (iv): Notwithstanding any other provision set forth in this Agreement, so long as a good faith effort is made to pay executive severance that is due as if the severance were a board liability, for any termination of Executive without Cause under this provision which results due to a winding up of the business of BioCardia, which is followed by disposition of BioCardia assets, Executive agrees that personal resources that are unrelated to the disposition of BioCardia assets resulting from the winding up of the business of BioCardia of any BioCardia officers or BioCardia directors will not be pursued to cover the severance payments Executive is to receive under this agreement.

Severance Entitlements. In addition to the period of notice prescribed for ordinary termination in clause 19.1 of this Agreement and subject to further order of the Commission, an employee whose employment is terminated for reasons set out in clause 18. 1 (a) is entitled to the following:

Severance Entitlements. 15.1 The severance entitlement of employees pursuant to this Agreement shall consist of the entitlement to severance as provided for in the existing Public Service of ▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇, Management Board of Cabinet Compensation Directive, August 20, 2007, sections 60 to 68, which are hereby incorporated by reference into this Article.

Severance Entitlements. The severance entitlements for Employees who are retrenched, shall be calculated on the basis of: 16.10.1 Lump sum based on four (4) weeks pay. In addition where an Employee is over 45 years of age at the time of receiving notice in accordance with 16.9, and has not less than two (2) years completed service, he or she will be entitled to an additional weeks pay. 16.10.2 Two (2) weeks severance pay for each completed year of service or a fraction of such amount for each additional completed month of service up to a maximum of fifty two (52) weeks. 16.10.3 Lump sum payment of $7,500 for full-time Employees and pro-rata for part-time Employees, except that where a part-time Employee’s hours are reduced within the 12 months prior to retrenchment, his or her hours shall be averaged over the two years prior to retrenchment. 16.10.4 Payment for the loss of motor vehicle usage as follows: (a) where a motor vehicle is considered part of an Employee’s salary package, no payment shall be made, but the value of the motor vehicle in accordance with the salary package agreement shall form part of the Employee’s “rate of pay” for the purpose of determining the payment to be made pursuant to this clause 16.10; (b) where a motor vehicle is provided for commuter use the weekly value of the motor vehicle for the purposes of severance payment shall be determined by dividing $4,000 by 52 and adding that payment to an Employee’s weekly rate of pay for the purposes of determining the payment to be made pursuant to this clause 16.10. 16.10.5 A lump sum payment for the loss of Council subsidised housing equivalent to the value of the market rent for the house less any Employee contribution multiplied by the number of weeks of severance pay entitlement pursuant to this clause 16.10. 16.10.6 If the Employee has more than five (5) years service at the date of retrenchment and is not entitled to payment for pro-rata long service leave in accordance with the Act or the Regulations, an ex-gratia payment equivalent to pro-rata long service leave shall be paid. 16.10.7 All other entitlements as per this Agreement