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 (a) 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 (a) 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 ($1,250) 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 equal to Within thirty (30) days from the date of notice of lay-off, an employee who has received notice of lay-off of a 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 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 twenty-six (26) weeks on the basis of the employees normal weekly earnings. In addition, full-time employees will receive a lump sum payment 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 lay-offs in the unit. Not applicable Staff Committees The central parties agree to establish Regional Staff Planning Committees to facilitate the redeployment of laid off employees among the Participating Hospitals. To achieve this objective the Hospital Staff Planning Committee will forward to the Regional Staff Planning Committee a list of the names and addresses of laid off employees who have expressed a...
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. 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. 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. (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. 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) Where an employee resigns within days after receiving notice of layoff pursuant to article
Severance and Retirement Options. Severance Within the lesser of thirty 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. Notwithstanding article notice for the purposes of severance pay under Article is to be calculated on the basis of weeks per year of service to a maximum of weeks. Thus the balance of the notice referred to above will be the balance of up to weeks as applicable.
Severance and Retirement Options. Severance 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 Home who has received notice of layoff 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. Retirement Allowance Within thirty (30) days from the date 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 terms of An employee who chooses this option forfeits her right to notice and will receive severance pay on the basis of one (1) week’s pay for each year of service with the Home to a maximum of weeks; on the basis of the employee’s normal weekly earnings. In addition, full time employees will receive a payment equal to for every year less than age to a maximum of Note: the Home offer any employee a retirement option as provided above, in order to avoid potential layoffs in the unit. A full time employee who has completed one year service and: whose layoff is permanent, or who is laid off for (26) weeks in any fifty-two (52) week period, and who has not elected to receive a severance payment under either or of this article. shall be entitled to severance pay equal to the greater of two weeks’ pay, or one week’s pay per year of service to a maximum of (26) weeks’ pay. This entitlement shall not be in addition to any entitlement to severancepay under the Standards Act, but at the same time, shall not preclude an employee from claiming any greater entitlement which that Act may at some point come to provide. An employee may elect to defer receipt of this severancepayment while his or her recall rights are still in effect. Once an employee does opt to receive the severance payment, he or she shall be deemed to have resigned, and his or her recall rights shall be extinguished.
