Common use of Exit Option Clause in Contracts

Exit Option. If after making offers of early retirement, individual layoff notices are still required, prior to issuing those notices the Hospital will offer a voluntary early exit option in accordance with the following conditions: The Hospital will first make offers in the classifications within where layoffs would otherwise occur. If more employees than are required are interested, the Hospital will make its decision based on seniority If insufficient employees in the department affected accept the offer, the Hospital will then extend the offer to employees in the same classification in other departments. If more employees than are required are interested, the Hospital will make its decision based on seniority. In no case will the Hospital approve an employee’s request under and above for a voluntary early exit option, if the employees remaining are not qualified to perform the available work. The number of voluntary early exit options the Hospital approves will not exceed the number of employees in that classification who would be laid off. The last day of employment for an employee who accepts a voluntary early exit option will be at the Hospital’s discretion and will be no earlier than thirty (30) calendar days immediately following the employee’s written acceptance of the offer. An employee who elects a voluntary early exit option shall receive, following completion of the last day of work, a separation allowance of two

Exit Option. If after making offers of early retirement, individual layoff notices are still required, prior to issuing those notices notices, the Hospital will offer a voluntary early exit option in accordance with the following conditions: April Co March llective Agreement The Hospital will first make offers in the classifications within where layoffs would otherwise occur. If more employees than are required are interested, the Hospital will Hospitalwill make its decision based on seniority upon seniority. If insufficient employees in the department affected accept the offer, the Hospital will Hospitalwill then extend the offer to employees in the same classification in other departmentsprograms. If more employees than are required are interested, the Hospital will make its decision based on seniority. In no case will the Hospital approve an employee’s request under and above for a voluntary early exit option, option if the employees remaining are not qualified to perform the available work. The number of voluntary early exit options the Hospital approves will not exceed the number of employees in that classification who would otherwise be laid off. The last day of employment for an employee who accepts a voluntary early exit option will be at the Hospital’s discretion and will be no earlier than thirty (30) calendar days immediately following the employee’s written acceptance of the offer. An employee who elects a voluntary early exit option shall receive, following completion of the last day of work, a separation allowance of twotwo (2) weeks’ salary for each year of service, to a maximum of fifty-two (52) weeks’ pay.

Exit Option. If after making offers of early retirement, individual layoff notices are still required, prior to issuing those notices the Hospital will offer a voluntary early exit option in accordance with the following conditions: The Hospital will first make offers in the classifications within where layoffs would otherwise occur. If more employees than are required are interested, the Hospital will make its decision based on seniority seniority. If insufficient employees in the department affected accept the offer, the Hospital will then extend the offer to employees in the same classification in other departments. If more employees than are required are interested, the Hospital will make its decision based on seniority. In no case will the Hospital approve an employee’s 's request under and above for a voluntary early exit option, if the employees remaining are not qualified to perform the available work. The number of voluntary early exit options the Hospital approves will not exceed the number of employees in that classification who would otherwise be laid off. The last day of employment for an employee who accepts a voluntary early exit option will be at the Hospital’s 's discretion and will be no earlier than thirty (30) calendar days immediately following the employee’s 's written acceptance of the offer. An employee who elects a voluntary early exit option shall receive, following completion of the last day of work, a separation allowance of two.

Exit Option. If after making offers of early retirement, individual layoff notices are still required, prior to issuing those notices the Hospital will offer a voluntary early exit option in accordance with the following conditions: The Hospital will first make offers in the classifications within where layoffs would otherwise occur. If more employees than are required are interested, the Hospital will make its decision based on seniority seniority. i If insufficient employees in the department affected accept the offer, the Hospital will then extend the offer to employees in the same classification in other departments. If more employees than are required are interested, the Hospital will make its decision based on seniority. In no case will the Hospital approve an employee’s 's request under and above for a voluntary early exit option, if the employees remaining are not qualified to perform the available work. The number of voluntary early exit options the Hospital approves will not exceed the number of employees in that classification who would otherwise be laid off. The last day of employment for an employee who accepts a voluntary early exit option will be at the Hospital’s 's discretion and will be no earlier than thirty (30) calendar days immediately following the employee’s 's written acceptance of the offer. An employee who elects a voluntary early exit option shall receive, following completion of the last day of work, a separation allowance of twotwo (2) weeks' salary for each year of service, to a maximum of fifty-two (52) weeks' pay.