Amicable Separation Program Sample Clauses
The Amicable Separation Program clause establishes a structured process for parties to end their contractual relationship on mutually agreeable terms. Typically, this clause outlines the steps both parties must follow to initiate and complete a separation, such as providing notice, negotiating settlement terms, and addressing outstanding obligations. Its core practical function is to facilitate a smooth and cooperative termination of the agreement, minimizing disputes and ensuring that both parties can part ways without unnecessary conflict or litigation.
Amicable Separation Program. The Amicable Separation Program is designed to offer Association members the opportunity to leave service to the College earlier than otherwise would be possible. The Amicable Separation Program is not an entitlement but requires mutual agreement and written consent of both an Association member and the Board. In order to be eligible for the Amicable Separation Program, the sum of the Association member’s total years of service with the College must be at least ten (10) years. An eligible Association member wishing to pursue an amicable separation shall submit an irrevocable, formal request to the Vice President of Instruction. Electing to secede under the Amicable Separation Program will prohibit any future employment at the College, except on a part-time, temporary basis. Compensation to Association members using the Amicable Separation Program must be paid during the first July after leaving service. Compensation package will consist of:
a) Fifteen thousand dollars ($15,000) when six (6) months of notice is given to the Board and the individual will leave service at/before the end of the existing contract.
b) Two hundred dollars ($200) for each unused leave day over one hundred eighty (180) days.