Common use of Alternation Clause in Contracts

Alternation. The parties recognize the benefits of the alternation process. An alternation occurs when an employee whose position has been declared surplus to requirements who wishes to remain at the CTC exchanges positions with a non-affected employee (the alternate) willing to resign from the CTC. The alternation is conditional upon the CTC determining that the employee has the necessary knowledge, skills, qualifications and ability to satisfactorily perform the work. When the alternate resigns he is entitled to two (2) weeks' pay for the first (1st) complete year of continuous employment and one (1) week's pay for each additional complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week's pay multiplied by the number of days of continuous employment divided by three hundred and sixty-five (365), less any period in respect of which severance pay was granted.