Benefit Impact Sample Clauses
The 'Benefit Impact' clause defines how the benefits or advantages arising from a contract or agreement are to be handled, particularly in situations where changes or unforeseen events affect those benefits. In practice, this clause may specify how parties should adjust their obligations or entitlements if the expected benefits are increased, reduced, or otherwise impacted by external factors such as regulatory changes or third-party actions. Its core function is to ensure fairness and clarity by outlining a process for addressing shifts in benefit, thereby preventing disputes and maintaining the intended balance of the agreement.
Benefit Impact. When an employee is furloughed, subjected to a reduction in work schedule, or placed on leave without pay, the employee will not be entitled to be paid any leave balance when the action is due to financial exigency or financial emergency, as determined by the President. In such cases, entitlement to leave accrual and health care benefits during a temporary layoff may be addressed through a demand to bargain. When the action is for reasons other than financial exigency or financial emergency, upon the request of the employee, the employee will be paid for accrued vacation leave up to the equivalent of the employee’s regular work schedule for the duration of the temporary layoff, and entitlement to leave accrual and health care benefits during the temporary layoff will be pursuant to existing benefit policies. Employees will normally receive thirty (30) days’ written notice prior to the effective date of an involuntary alternative to a permanent layoff.
Benefit Impact. When an employee is furloughed, subjected to a reduction in work schedule, or placed on leave without pay, the employee will not be entitled to be paid anyleave balance when the action is due to financial exigency or financial emergency, as determined by the President. In such cases, entitlement to leave accrual and health care benefits during a temporary layoff may be addressed through a demand to bargain. The College will attempt to mitigate a loss of health benefits for any furloughed employees. When the action is for reasons other than financial exigency or financial emergency, upon the request of the employee, the employee will be paid for accrued vacation leave up to the equivalent of the employee’s regular work schedule for the duration of the temporary layoff, and entitlement to leave accrual and health care benefits during the temporary layoff will be pursuant to existing benefit policies. Employees will normally receive thirty (30) days’ written notice prior to the effective date of an involuntary alternative to a permanent layoff.