Separation Incentives. FP may in its discretion offer separation and/or retirement incentives to all or a group of unit employees to secure their voluntary agreement to resign or retire from employment in return for enhanced retirement or separation benefits that exceed what they would receive under this Agreement. As part of such program, FP may require employees who resign to sign a general release of claims in a form to be provided by FP. Before offering such an incentive program, FP will provide the Guild with ten (10) business days’ notice and will, upon request, bargain with the Guild on the terms of the incentive program during the ten (10) day notice period. If no agreement is reached at the end of this ten (10) day period (which may be extended by mutual agreement), FP may implement its last proposal and offer the incentive program to employees, and such actions shall not be subject to arbitration or further bargaining.
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Sources: Collective Bargaining Agreement, Collective Bargaining Agreement