VOLUNTARY SEPARATION PLAN. A. All Certified Staff covered by this Master Agreement who are at least forty-six (46) years of age and who have worked as a Certified Staff in the District for at least fifteen (15) years will be eligible to participate in a voluntary separation benefit plan. Age and benefit shall be calculated as of July 1, 2018 and age 55 shall be reached in the school year prior to separation. The Voluntary Separation Plan will cease to exist beyond fiscal year 2018-19. The Board will retain the power to grant the Certified Staff separation mid-year if all appropriate conditions have been met. Those who are employed less than full-time may participate in the plan on a pro-rata basis. If a Certified Staff is hired for a partial year which would include a minimum of one full semester (consecutive days) they would qualify for a ½ year credited towards their voluntary separation plan.
VOLUNTARY SEPARATION PLAN. 10.1 Employees, upon written application and support of the Superintendent of Schools, may participate in a voluntary separation program. Beginning on July 1, 2012, this program will no longer be available to employees hired after July 1, 2012. The Voluntary Separation Plan will be phased out of Xxxxxx School District with a 10-year plan beginning Contract Year 2017-18 and ending contract year 2026-27. Any employee currently employed and eligible for the program will remain eligible for the voluntary separation plan under the new conditions.
VOLUNTARY SEPARATION PLAN. 1. Eligibility for Voluntary Separation: Any certified staff member who has reached the age of fifty (50) prior to the first day of school term the voluntary separation takes effect and in which the eligible employee has not reached age sixty-three (63) prior to the first day of the school term the voluntary separation takes effect, may elect voluntary separation provided they have at least fifteen (15) years of full-time service with the Xxxxxx-Xxxxxx School District #11-5 or any other district organized into the Xxxxxx-Xxxxxx School District #11-5. This voluntary separation plan shall not apply to any employee hired after the conclusion of the 2013-2014 school year.
VOLUNTARY SEPARATION PLAN. An employee who elects to accept voluntary separation shall receive as termination allowance three
VOLUNTARY SEPARATION PLAN. In the 2006 first quarter, Embarq announced a voluntary separation plan to certain employees in order to meet financial targets. The voluntary separations were not sufficient to reach the targets; therefore, involuntary separations occurred. The charges associated with these reductions were approximately $30 million.
VOLUNTARY SEPARATION PLAN. An employee who elects to accept voluntary separation shall receive as termination allowance three (3) weeks of base pay per year of Accredited service to a maximum of 26 weeks to be paid in a lump sum at termination. Such employee will be entitled to six (6) months of Company paid COBRA for medical and dental coverage. Employees who elect voluntary separation shall have no recall rights.
