Common use of TERMINATION & RESIGNATION Clause in Contracts

TERMINATION & RESIGNATION. Both the employer and the employee may terminate employment at any time by giving the other party the required period of notice as specified below. Instead of providing the above notice the employer may choose to make payment in lieu of notice. If the employee fails to give the required notice, the employee forfeits the entitlement to any monies owing equal to the amount of notice not given. Nothing in this Agreement affects the employer’s right to dismiss an employee without notice for serious misconduct and an employee so dismissed shall only be entitled to be paid for the time worked up to the time of dismissal. The notice of termination period shall be: By the Employer: Years Of Service Less than 1 Year More than 1 but not more than 3 Years More than 3 but not more than 5 years More than 5 Years Required Notice (at least) 1 Week 2 weeks 3 weeks 4 weeks Employees 45 years and over who have completed at least two (2) years continuous service with the employer will receive one (1) additional weeks notice.

TERMINATION & RESIGNATION. Both the employer and the employee may terminate employment at any time by giving the other party the required period of notice as specified belowin the table over the page. Instead of providing the above notice notice, the employer may choose to make payment in lieu of notice. If the employee fails to give the required notice, the employee forfeits the entitlement to any monies owing equal to the amount of notice not given. Nothing in this Agreement EGA affects the employer’s right to dismiss an employee without notice for serious misconduct and an employee so dismissed shall only be entitled to be paid for the time worked up to the time of dismissal. The employer will give the following notice of termination period shall be: By the Employertermination: Years Of Service Less than 1 Year More than 1 but not no more than 3 Years More than 3 but not more than 5 years Years More than 5 Years Required Notice (at least) 1 Week 2 weeks 3 weeks 4 weeks Employees 45 years and over who have completed at least two (2) years continuous service with the employer will receive one (1) additional weeks notice. The employee shall give two weeks (2) notice in writing or such other period as agreed by the employer and employee.