Severance and Retirement Options. (a) (i) Where an employee resigns within 30 days after receiving notice of layoff pursuant to article 14.02 (a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks' salary for each year of continuous service to a maximum of sixteen (16) weeks' pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars.
Severance and Retirement Options. {a) Where an employee resigns within days after receiving notice of layoff pursuant to article that his or her position will be eliminated, he OF she shall be entitled to a separation allowance of two (2) weeks' salary for each year of continuous service to a maximum of twelve weeks' pay, and, on production of receipts from an approved educational program, within twelve months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000)dollars. Where an employee resigns later than days after receiving notice pursuant to article that his or her position will be eliminated, he or she shall be entitled to a separation allowance of four (4) weeks' salary, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ,250)dollars. Prior to issuing notice of layoff pursuant to article in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under within the in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the who would receive notice of layoff under article Within thirty days from the date of notice of layoff, an employee who has received notice of layoff of a permanent or long-term nature may retire provided that the employee is eligible to retire under the terms of the Hospitals of Ontario Pension Plan. An employee who chooses this option forfeits her right to notice and will receive severance pay on the basis of two (2) weeks' pay for each year of service with the Hospital to a maximum of (26) weeks on the basis of the employees normal weekly earnings. In addition, full-time employees will receive a lump sum payment equal to for every year less than age to a maximum of Note: The Hospital may offer any employee a retirement option as provided above, in order to avoid potential layoffs in the unit.
Severance and Retirement Options x. Xxxxxxxxx Pay Within the lesser of thirty (30) days from the date of notice of layoff or the notice provided above an employee with more than twelve (12) months service with the Hospital who has received notice of layoff of a permanent or long-term nature may resign, forfeiting the right to notice. Such employees will receive the balance of the notice as severance pay.
Severance and Retirement Options. (a) (i) Where an employee resigns within 30 days after receiving notice of layoff pursuant to article 14.02(a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two
Severance and Retirement Options. In the event of a layoff affecting the permanent reduction of bargaining unit positions, the parties agree that they will meet to identify the number of positions within a classification that will be eliminated as a result of the layoff. The hospital is not required to make early retirement options available beyond the identified affected classification(s) and this article will not apply subsequent displacements, if any. For the sake of clarity, these severance allowance provisions do not apply to layoffs resulting from internal reorganization where there is no reduction of either full time or part time positions in the bargaining unit. The parties agree that where there is a permanent reduction of positions, employees affected will be entitled to the following options:
Severance and Retirement Options. Insert the following standard language. Where the collective agreement provides otherwise and the parties cannot agree to the standard language, the existing provision will be maintained as non-standard language. Any non-standard provision related to Severance and Retirement Options shall be continued under Article 10.03 except as amended below.
Severance and Retirement Options. (a) (i) Where an employee resigns within 30 days after receiving notice of layoff pursuant to article 14.02 (a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks' salary for each year of continuous service to a maximum of sixteen (16) weeks' pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. (ii) Where an employee resigns later than 30 days after receiving notice pursuant to article 14.02(a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of four (4) weeks' salary, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees (b) Prior up to a maximum of one thousand two hundred and fifty ($1,250) dollars. to issuing notice of layoff pursuant to article 14.02(a)(ii) in any classification(s), the Employer will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under HOOPP within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff under article 14.02(a)(ii). Within thirty (30) days from the date of notice of layoff, an employee who has received notice of layoff of a permanent or long-term nature may retire provided that the employee is eligible to retire under the terms of the Hospitals of Ontario Pension Plan. An employee who chooses this option forfeits her right to notice and will receive severance pay on the basis of two (2) weeks’ pay for each year of service with the Employer to a maximum of fifty-two (52) weeks on the basis of the employee’s normal weekly earnings. In addition, full-time employees will receive a lump sum payment equal to $1,000.00 for every year less than age 65, to a maximum of $5,000.00.
Severance and Retirement Options. Where an employee resigns within thirty (30) days after receiving notice of layoff pursuant to article that his or her position will be eliminated, he or she shall be entitled to a separation allowanceof two (2) weeks' salary for each year of continuous service to a maximum of twelve (12) weeks' pay, and, on production of receipts from an approved educational program, within twelve (I2) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. Where an employee resigns later than thirty (30) days after receiving notice pursuant to article that his or her position will be eliminated, he or she shall be entitled to a separation allowance four (4) weeks' salary, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars.
Severance and Retirement Options. (a) Within the lesser of thirty (30) days from the date of notice of lay-off or the notice provided for in this Article an employee with more than twelve (12) month’s service with the Hospital who has received notice of lay-off of a permanent or long term nature may resign, forfeiting the right to notice. Such employee will receive the balance of the notice as severance pay. Note: Notice for the purposes of severance pay is to be calculated on the basis of two (2) weeks per year of service to a maximum of twelve (12) weeks. Thus the balance of the notice period referred to above will be the balance of up to twelve (12) weeks as applicable. Where an employee resigns within days after receiving notice of Xxx-off pursuant to article that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks’ salary for each year of continuous service to a maximum of twelve (12) weeks’ pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. Where an employee resigns later than days after receiving notice pursuant to article that his or her position will be eliminated, he or she shalt be entitled to a separation allowance of four (4) weeks’ salary, and, on production of receipts from an approved educational program, within twelve 2) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250.) dollars. Allowance Prior to issuing notice of lay-off pursuant to article in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under within the in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the who would otherwise receive notice of lay-off under article Within thirty (30) days from the date of notice of lay-off, an employee who has received notice of lay-off of a permanent or long-term nature may retire provided that the employee is eligible to retire under the terms of the Hospitals of Ontario Pension Plan. An employee who chooses this option forfeits her right to notice and will receive severance pay on the basis of two (2) weeks’ pay for each year of with the Hospital to a maximum of twenty-six (26) weeks on the basis of the employe...
Severance and Retirement Options. (a) Where an employee resigns within days after receiving notice of layoff pursuant to article
