Common use of STORE CLOSING Clause in Contracts

STORE CLOSING. 22.1 In the event the Employer closes or sells a store and employees are terminated as a result thereof, pay equal to one week’s pay shall be provided for each year of continuous service commencing with the third (3rd) year of continuous service for employees, up to, but not exceed to eight (8) weeks’ pay at their regular rate. However, those employees who have an incomplete year of continuous service as an employee will receive pro-rata severance pay for that year as follows:

STORE CLOSING. Section 22.1 In the event the Employer Company closes or sells a store and employees are terminated as a result thereof, pay equal to one week’s (1) week of pay shall be provided for each year of continuous service commencing with the third (3rd) year of continuous service for employees, employees averaging twenty-five (25) or more hours per week and the fifth (5th) year for employees averaging less than twenty-five (25) hours per week up to, to but not to exceed to eight (8) weeks’ weeks of pay at their regular rate. However, those employees who have an incomplete year of continuous service as an employee employee, will receive pro-rata severance pay for that year as follows:

STORE CLOSING. Modify to read: Section 22.1 In the event the Employer Company closes or sells a store and employees are terminated as a result thereof, pay equal to one week’s (1) week of pay shall be provided for each year of continuous service commencing with the third (3rd) year of continuous service for employees, employees averaging twenty- five (25) or more hours per week and the fifth (5th) year for employees averaging less than twenty-five (25) hours per week up to, to but not to exceed to eight (8) weeks’ weeks of pay at their regular rate. However, those employees who have an incomplete year of continuous service as an employee employee, will receive pro-rata severance pay for that year as follows:

STORE CLOSING. Section 22.1 In the event the Employer Company closes or sells a store and employees are terminated as a result thereof, pay equal to one week’s (1) week of pay shall be provided for each year of continuous service commencing with the third (3rd) year of continuous service for employees, employees averaging twenty-five (25) or more hours per week and the fifth (5th) year for employees averaging less than twenty-five (25) hours per week up to, to but not to exceed to eight (8) weeks’ weeks of pay at their regular rate. However, those employees who have an incomplete year of continuous service as an employee employee, will receive pro-pro- rata severance pay for that year as follows:

STORE CLOSING. 22.1 Section 21.1 In the event the Employer Company closes or sells a store and employees are terminated as a result thereof, pay equal to one week’s (1) week of pay shall be provided for each year of continuous service with CVS commencing with the third (3rd) year of continuous service for employees, employees averaging twenty-five (25) or more hours per week and the fifth (5th) year for employees averaging less than twenty-five (25) hours per week up to, to but not to exceed to eight (8) weeks’ weeks of pay at their regular rate. However, those employees who have an incomplete year of continuous service as an employee with CVS, will receive pro-rata severance pay for that year as follows: