Application of Portability to Severance Allowance Sample Clauses

Application of Portability to Severance Allowance. An employee who terminates in a health organization where the Union is certified and which is a member of HEABC and is re-employed within one (1) calendar year in a health organization where the Union is certified and which is a member of HEABC shall be entitled to portability of severance allowance. Employees who under above provisions a), b) and c) receive a severance allowance and who subsequently become employed in a union certified health organization may once again accumulate credit without the necessity of a further ten (10) year qualifying period. However, credit will not be given for any period of service for which severance allowance was initially paid. Portability of severance allowance which requires re-employment within one (1) calendar year of termination is waived in the case of an employee who terminates under Provision (c) above and is later re-employed.
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Application of Portability to Severance Allowance. An employee who terminates in a health organization where the Union is certified and which is a member of HEABC and is re-em- ployed within one (1) calendar year in a health organization where the Union is certified and which is a member of HEABC shall be entitled to portability of severance allowance. Employees who under above provisions a), b) and c) receive a severance allowance and who subsequently become employed in a union certified health organization may once again accumulate credit without the neces- sity of a further ten (10) year qualifying period. However, credit will not be given for any period of service for which severance xx- xxxxxxx was initially paid. Portability of severance allowance which requires re-employ- ment within one (1) calendar year of termination is waived in the case of an employee who terminates under Provision (c) above and is later re-employed.

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