| (1) | On the termination of an Employee's contract of employment as a result of any of the following:— |
Such Employee shall receive from his Employer severance pay: Provided that the Employee has served one year's continuous service with such Employer.
| (2) | The severance pay payable by the Employer to the Employee pursuant to sub-clause (1) above shall be the sum of:— |
| (a) | one week's wages: plus thereafter, |
| (b) | one additional week's wages for each completed year of service |
| (3) | Employees whose services are terminated for reasons related to operational requirements shall:— |
| (a) | receive first preference should the positions that they previously occupied with the same employer become available within a period of six months following the date of their retrenchment; and |
| (b) | On the retrenched employee's re-employment, as stipulated in sub-clause (3)(a) here above, such employee shall not be paid less than their wage rate applicable as at the date of their retrenchment. |
