Common use of ECONOMIC PROVISIONS Clause in Contracts

ECONOMIC PROVISIONS. Under the Job Security Program, a laid off Employee will be entitled to up to eighty percent (80%) of his/her salary and health coverage for him/herself and his/her family under the NBF under the same conditions that prevail in the present Agreement, as determined by the Contract Interpretation and Policy Committee in accordance with the procedures set forth in Article XXXI(B), provided that the maximum period of time for which any covered Employee may receive JSF payments and benefits shall be until the expiration of the Agreement, or two (2) years, whichever is greater, but not to exceed the period of the Employee’s continuous service, unless he/she fails to pursue JSF referrals, refuses to enroll in JSF recommended training, or turns down appropriate job offers, at which time the Executive Director may terminate benefits. The League and Union hereby direct the Administrator to promulgate appropriate rules to ensure full compliance with JSF regulations.

ECONOMIC PROVISIONS. Under the Job Security Program, a laid off Employee will be entitled to up to eighty percent (80%) of his/her salary and health coverage for him/him/ herself and his/her family under the NBF under the same conditions that prevail pre- vail in the present Agreement, as determined by the Contract Interpretation and Policy Committee in accordance with the procedures set forth in Article XXXI(B), provided that the maximum period of time for which any covered Employee may receive JSF payments and benefits shall be until the expiration of the Agreement, or two (2) years, whichever is greater, but not to exceed the period of the Employee’s continuous service, unless he/she fails to pursue JSF referrals, refuses to enroll in JSF recommended training, or turns down appropriate job offers, at which time the Executive Director may terminate benefits. The League and Union hereby direct the Administrator to promulgate promul- gate appropriate rules to ensure full compliance with JSF regulations.