Voluntary Separation Package Sample Clauses
A Voluntary Separation Package clause outlines the terms under which an employee may choose to leave a company in exchange for specific benefits or compensation. Typically, this clause details the eligibility criteria, the types of benefits offered—such as severance pay, continuation of health insurance, or outplacement services—and the process for applying for the package. Its core practical function is to provide a structured and mutually agreeable way for employees to exit the organization, often during restructuring or downsizing, while helping the employer manage workforce reductions in a controlled and less contentious manner.
Voluntary Separation Package. Should an employee elect to take a voluntary separation package, such package shall comprise:
Voluntary Separation Package. However, employees may access a voluntary separation package at any stage of the process, provided that no more than six months has elapsed in the redeployed position.
Voluntary Separation Package. Weeks notice of termination or payment of total weekly salary in lieu thereof.
Voluntary Separation Package. Should an employee elect to take a voluntary separation package, such package shall comprise: • 10 weeks’ notice of termination or payment of total weekly salary in lieu thereof • 3 weeks of total weekly salary as severance payment for each year of service in Local Government as severance payment • An amount representing 10% of total annual salary for the purpose of outplacement counselling • Pro rata long service leave shall be paid whether or not the employee has attained 7 years service.
Voluntary Separation Package. An employee whose position has been identified as redundant may elect to take a voluntary separation package at any stage of the restructure process provided that no more than six months has lapsed in the redeployment position.
Voluntary Separation Package. 12.5.1 Where positions are identified as redundant, an employee may access a voluntary separation package. Such package shall be treated as a bona fide redundancy and shall comprise -
Voluntary Separation Package. 58.5.1 For the purposes of clause 58.4.1.1, an Employee will be entitled to receive the following as a VSP:
Voluntary Separation Package. Employees may seek a voluntary separation package at any stage of the process, being no later than 6 months from the date of implementation. However it remains the primary aim to redeploy employees into a position of equal classification and status as their pre-redeployment position.
Voluntary Separation Package. Should the Council in its discretion offer a voluntary separation package, such package shall comprise: 8 weeks notice of termination or payment of total weekly salary in lieu thereof; 3 weeks of total weekly salary as severance payment for each year of continuous service in Local Government.
Voluntary Separation Package. The payment of Voluntary Separation Packages (VSP) will be at the sole discretion of Council. Where an employee (other than Council’s Administrator) is offered a VSP by Council, the terms of the redundancy will be: