Common use of Declared Surplus Clause in Contracts

Declared Surplus. Employees declared surplus will receive written notice prior to their vacancy transition period commencing. Surplus status can be withdrawn at any time. The written notice shall contain: • The cause of the surplus. • A reference to this Article. • The expected expiration date of the vacancy transition period (termination date). • The right to IESO-wide priority consideration for vacancies in accordance with Subsection 62.6.3. • The total severance entitlement. • The anticipated date the employee will vacate his/her position. • The expectation that the employee is expected to actively pursue internal and external placement opportunities

Declared Surplus. Employees declared surplus will receive written notice prior to at the outset of their vacancy transition period commencingsearch notice period. Surplus status can be withdrawn at any time. The written notice shall contain: • The cause of the surplus. • A reference to this Article. • The expected expiration date of the vacancy transition search notice/period (termination date). • The right to IESOAMEC NSS-wide priority consideration for vacancies in accordance with Subsection 62.6.365.6.3. • The total severance entitlement. • The anticipated date the employee will vacate his/her position. • The expectation that the employee is expected to actively pursue internal and external placement opportunities.