Rights and Benefits During Recall Period. (a) Until a Member who has been laid-off has been recalled (in the case of a declaration of financial exigency), secured alternative full-time employment, or until three (3) years have elapsed from the date of lay-off, whichever is earlier, that Member shall have the option of continuing to be covered by any of the University’s benefit plans (including the University pension plan) for Members, at the same level, at her / his expense, and shall be entitled to retain any University loan. In the event that a Member is given salary in lieu of notice, full benefits, with the same sharing of costs as were in effect immediately prior to lay-off, shall apply for the normal notice period.
Appears in 6 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
Rights and Benefits During Recall Period. (a) Until a Member who has been laid-off has been recalled (in the case of a declaration of financial exigency), secured alternative full-time employment, or until three (3) years have elapsed from the date of lay-off, whichever is earlier, that Member shall have the option of continuing to be covered by any of the University’s benefit plans (including the University pension plan) for Members, at the same level, at her / her/his expense, and shall be entitled to retain any University loan. In the event that a Member is given salary in lieu of notice, full benefits, with the same sharing of costs as were in effect immediately prior to lay-off, shall apply for the normal notice period.
Appears in 1 contract
Samples: Memorandum of Agreement