VOLUNTARY SEPARATION PROGRAM. AFSCME and the Employer recognize the continuing need to address the State's fiscal condition, and to that end agree that the State may implement a Voluntary Separation Program (VSP) consistent with the criteria outlined in the attached Exhibit A. Through the VSP, the State will offer employees the benefit of severance pay and severance benefits as outlined in the attached Exhibit A, will reduce the number of employees and abolish positions that are vacated by employees who are approved to participate in and do participate in the VSP. The Employer will provide the information necessary to enable employees to make knowing and voluntary decisions regarding participation in the VSP.
VOLUNTARY SEPARATION PROGRAM. The Union and the Employer recognize the continuing need to address the State's fiscal condition, and to that end agree that the State may implement a Voluntary Separation Program (VSP). Through the VSP, the State will offer participating employees the benefit of severance pay and severance benefits, in order to reduce the number of filled positions and abolish those positions that are vacated by employees who are approved to and participate in the VSP. The Employer will provide the information necessary to enable employees to make knowing and voluntary decisions regarding participation in the VSP.
VOLUNTARY SEPARATION PROGRAM. Effective upon ratification between the parties, the Port agrees to provide up to six (6) voluntary separation incentives to members of the bargaining unit eligible for retirement. The incentives must be exercised as follows:
VOLUNTARY SEPARATION PROGRAM. In the event of a Group Termination as defined in the Canada Labour Code, or merger with another company or companies or formation of any successor organization, the Company will engage in a voluntary separation program concurrent with or prior to the group notice period required under the Code. Under this program an employee at any former AECL CANDU location may apply to terminate at a date agreeable to the Company and to receive termination compensation as provided for under the program. The company shall approve such applications where operational requirements are not jeopardized.
VOLUNTARY SEPARATION PROGRAM. Each teacher who has completed the equivalent of ten (10) or more full-time years of service in the District as a full- time or part-time certificated employee may participate in the Voluntary Separation Program (VSP) if the teacher is at least fifty-five (55) years of age; provided, however, that any teacher so electing to participate shall be required to complete the school year before retirement commences. VSP payments represent the purchase of a teacher’s “permanent certificated/tenure rights”. The procedures to administer this Program shall be established by the District. The schedule of payments to be made under this Program is as shown in "Appendix E which is attached hereto and by reference incorporated in and made a part of this Contract. Each teacher retiring after 20 years of service in the District or who is at least 55 years of age with 10 years of service in the District shall receive $100 per day for each day of unused accumulated paid leave at retirement. To the degree permitted by law, payment for unused paid leave at retirement will be paid as “employer contributions” to either a 403(b)/TSA account or a Health Reimbursement Arrangement (HRA) established for the employee by the District. Each employee participating in the District’s Health Plan for retirees shall have these employer contributions made to the HRA; each employee not participating in the District’s Health Plan for retirees shall have these employer contributions made to the District-designated 403(b). The policies, procedures, implementation and all decisions related thereto shall be the sole responsibility of the District; provided however, the District will review the program with the Association prior to implementation.
VOLUNTARY SEPARATION PROGRAM. The Company may develop and initiate a Voluntary Separation Program (VSP) at any time during the term of this Agreement. The applicable “window period(s)” will be determined by the Company. The eligibility criteria shall provide that opportunities to participate in any VSP will be offered in seniority order within the applicable group(s). The applicable group(s) will be determined by the Company and may include but are not limited to any of the following or any combination thereof: job classification(s), plant(s), facility(ies), functional area(s), seniority group(s) and/or retirement eligibility. Employees who accept such offer may be required to remain at work for up to four (4) months from the effective date of such acceptance to facilitate the training of employees who will replace them or to meet other operational needs of the Company.
VOLUNTARY SEPARATION PROGRAM. In the of Group Termination as defined in the Canada Labour Code, or with another company or companies formation of any successor the will voluntary separation concurrent or prior to notice period Code. so AGREEMENT Under this program an employee at any location apply to terminate at a date agreeable to the Company and to receive termination compensation as provided for under the program. The company shall approve such applications where operational requirements are not Volunteering for Substitution Lay-off Where notices of lay-off have been issued, an employee who is unaffected and working in a skill area in which an employee given notice is proficient, as established through may apply volunteer for lay-off and thus receive termination compensation per The Company will review all such requests, but reserves the right to deny those which are detrimental to its interests, or where the applications exceed, in a skill area, the number to be laid off. In the latter situation, the applications denied will be those received last. Where a volunteering employee is identified as being on an extended task, lay-off may be deferred at the Company’s discretion until the extended task is completed. Where a request to volunteer is accepted by the Company, it may not be reversed by the employee except with the Company’s agreement. Such employees waive their recall rights per and may not grieve their termination. For each volunteer accepted, the senior-most employee given notice of lay-off who is proficient in the volunteer’s skill area will in have the notice rescinded. New Graduate Hiring Notwithstanding the provisions of Articles and the Company may protect from lay-off up to ten (IO) new graduates hired prior to the notice date of a lay-off. The protection for such new graduates will last for a period of twenty-four months following their hiring; the number of such protected new graduate hirings in any calendar year will be determined by the number of retirements from the Bargaining Unit in the previous year, to a maximum of five per year.
VOLUNTARY SEPARATION PROGRAM. 2 The City will evaluate the feasibility of including employees covered by this 3 bargaining agreement in any Voluntary Separation Program (VSP). If the City 4 determines that is financially beneficial and that it has the financial ability to fund the 5 program, the City will include covered employees. Program specifics will be 6 determined by the City prior to implementation. The number of employees included in 7 the VSP may be limited.
VOLUNTARY SEPARATION PROGRAM. The Purchaser agrees to cause the Affiliated Group to establish, within 180 days after the Closing Date, a voluntary separation program on the terms and conditions which may be approved by the Board of Directors of the New Company.
VOLUNTARY SEPARATION PROGRAM. 2 years 9.04 Capital Contribution by Authority.............. 7 years 9.05 Act No. 54 Compliance.......................... Statute
