Common use of Voluntary Exit Option Clause in Contracts

Voluntary Exit Option. Before issuing notice of long-term layoff pursuant to Article 13, CAMH will offer voluntary exit options to a sufficient number of employees in the same classification in order of seniority to the extent that the maximum number of employees in either full-time or part-time status who elect a voluntary exit option is equivalent to the number of employees who would otherwise be subject to layoff under Article 13. An employee who elects a voluntary exit option shall receive, following completion of the last day of work, a voluntary exit option of two (2) weeks’ salary for each year of service, to a maximum ceiling of fifty-two (52) weeks’ pay. An employee who elects a voluntary exit option shall have no other entitlements than those listed above and specifically shall have no entitlements under the termination or severance provisions of Ontario’s Employment Standards Act.

Voluntary Exit Option. Before issuing notice of long-term layoff pursuant to Article 131 3, CAMH will offer voluntary exit options to a sufficient number of employees in the same classification in order of seniority to the extent that the maximum number of employees in either full-time or part-time status who elect a voluntary exit option is equivalent to the number of employees who would otherwise be subject to layoff under Article 131 3. An employee who elects a voluntary exit option shall receive, following completion of the last day of work, a voluntary exit option of two (2) weeks’ ' salary for each year of service, to a maximum ceiling of fifty-two (52) weeks’ ' pay. An employee who elects a voluntary exit option shall have no other entitlements than those listed above and specifically shall have no entitlements under the termination or severance provisions of Ontario’s 's Employment Standards Act.