Conditions Applying to Options. Attrition - Attrition means that as employees leave their jobs because they retire, resign, transfer, die or are promoted then they may not be replaced. In addition or alternatively, there may be a partial or complete freeze on recruiting new employees or on promotions. Redeployment - Employees may be redeployed to a new job at the same or lower salary within the institute. The following conditions will apply: (a) Where the new job is at a lower salary, an equalisation allowance will be paid to preserve the salary of the employee at the rate paid in the old job at the time of redeployment. (b) The salary will be preserved in the following way: An ongoing allowance for two years equivalent to the difference between the present salary and the new salary (this is abated by any subsequent salary increases). Enhanced Early Retirement may be made available at the discretion of the Polytechnic at any time to eligible employees not declared surplus if they are replaced by a surplus employee seeking redeployment or reassignment. The total amount paid to employees under this provision shall not exceed the total salary (as defined under severance below) the employee would have received between their actual retirement and reaching the age of 65 years.
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Samples: Allied Staff Collective Employment Agreement, Allied Staff Collective Employment Agreement
