Years or More of Service Clause Samples
Years or More of Service. Not Receiving PEMHCA Health Benefits
Years or More of Service. If the employee has twenty-five (25) years, or more of continuous service, the employee shall be entitled to a lump sum payment equal to eighteen (18) months pay at the rate of pay the employee was earning at the time the position became redundant or surplus. Payment shall be made at the rate of pay (inclusive of any economic adjustment) the employee was earning when the position became redundant. It is agreed that the severance payments outlined in this Collective Agreement incorporates any pay in lieu of notice and/or severance pay provided under the Canada Labour Code.
Years or More of Service. If the employee has twenty-five (25) years, or more of continuous service, the employee shall be entitled to a lump sum payment equal to eighteen
Years or More of Service. Not Receiving PEMHCA Health Benefits
29.6.1 Retired Prior to July 1, 2015
29.6.2 Retired on or after July 1, 2015