Severance Options. An employee affected by a permanent layoff shall have the following options: To accept recall rights in accordance with this Agreement, or To elect to receive severance pay within fifteen (15) months of the stated day of layoff and be considered as self-terminated, with no rights under this Agreement as of the day of acceptance of severance pay. An employee who has accepted recall rights and has not been called back within the fifteen (15) months shall receive severance pay.
Appears in 2 contracts
Sources: Collective Agreement, Collective Agreement