Section 43Part 5 — Severance Pay
Severance pay where employer's business transferred
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Where an employee's employment is terminated upon the transfer in ownership of the business in which that person is employed —
where without any break in service the employee is offered the same employment by a successor-employer in that same business, or part of business, that person is not entitled to severance pay by reason of that termination;
where that person accepts such employment with the successor-employer that person's tenure of employment, for subsequent severance pay purposes, shall date from that person's original hiring by the first of a series of predecessor-employers.
Referenced By
- Section 44 — Liability of predecessor and successor-employers
section 43 - paragraph (b)