Sentences with phrase «pension during the notice period»

Not exact matches

IBM filed an appeal, claiming that the judge should have deducted the amount of pension benefits paid during the notice period from the damages award, which the Court of Appeal dismissed.

In the contract at hand, the pension contribution and car allowance benefits were not included in the amounts to be paid during the period of notice.

In Nemeth v Hatch, an employer terminated an employee's employment after just over 19 years and provided him with eight weeks» notice of termination, 19.42 weeks» salary as severance pay, and continued benefits (including pension) during the eight - week notice period.

IBM took the position at trial that Waterman's pension benefits should be deducted from the salary and benefits otherwise payable during the reasonable notice period.

In other words, the employer may take the position that the employee is entitled to his or her base salary during the reasonable notice period but is not entitled to continue to collect his or her bonus, stock options or employer pension contributions.

Employees and employers are entitled to negotiate employment contracts that do not provide for the continuation of benefits or compensation (typically stock options, bonuses and pension contributions) during the reasonable notice period if the employee is dismissed without cause.

A dismissed employee is entitled to be made whole during his or her reasonable notice period.1 In other words, the employee's severance or termination package should include all the employee's compensation and benefits (including any commission, bonuses, stock options, pension contributions and insurance benefits) that the employee would have received had the employee remained actively employed during the notice period.

The trial judge set the appropriate period of notice at 20 month and declined to deduct the pension benefits paid to Waterman during the notice period in calculating his damages.