STORE CLOSING. Section 25.01 In the event the Employer closes or sells a store and employees are terminated as a result thereof, pro rata ▇▇▇▇ tion and severance pay equal to one (1) week's pay for each year of continuous service commencing with the third (3rd) year of con tinuous service for employees up to, but not to exceed, 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:
Appears in 2 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement
STORE CLOSING. Section 25.01 In the event the Employer closes or sells a store and employees are terminated as a result thereof, pro rata ▇▇▇▇ tion vacation and severance pay equal to one (1) week's ’s pay for each year of continuous service commencing with the third (3rd) year of con tinuous continuous service for employees up to, but not to exceed, eight (8) weeks, 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:
Appears in 1 contract
Sources: Collective Bargaining Agreement