STORE CLOSING. In the event the Employer closes of sells a store and employees are terminated as a result thereof, pay equal to one (1) week’s pay for efch year<of continuous service commencing with the third (3rd) year for employees who regularly worked forty (40) hours pei* week afid the fifth (5th) year for employees who regularly worked less than forty (40) hours per week up to, but not to exceed eight (8) week's pay at their regular rate. However, for those employees who have an incomplete year of continuous srvice 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