Sentences with phrase «in a lump sum amount equivalent»
If entitled, terminated employees are to be paid severance in a lump sum amount equivalent to one week of non-overtime wages per completed year of employment up to a maximum of 26 weeks, within 7 days of termination.
https://www.torontoemployment.law/ Not exact matches
In lieu of reasonable notice, the plaintiff was offered a lump sum payment totalling the equivalent of four weeks» base salary, which amounted to $ 14,230.97.
In the event of Permanent Total Disablement of an INSURED PERSON as a result of an Accident that incapacitates him to follow his own / similar / any occupation, a lump sum amount equivalent to the PRINCIPAL SUM shall be paid (Deferment Period: 12 monthsum amount equivalent to the PRINCIPAL SUM shall be paid (Deferment Period: 12 monthSUM shall be paid (Deferment Period: 12 months).
Subject to the provision of this section, for each relevant previous year, a deduction will be allowed that will be equivalent to a fraction of the lump sum amount paid (for more than an year) as insurance premium payout to keep the health insurance in force.