Common use of EARLY RETIREMENT INCENTIVE AND LAY-OFF AND RECALL Clause in Contracts

EARLY RETIREMENT INCENTIVE AND LAY-OFF AND RECALL. a) Where the Employer deems it possible to offset the impact of the lay-off sequence (Article 7.02) through the offering of early retirement incentive to a faculty member (who qualifies as per Article 22.02 above), an incentive shall be offered if the cost of such incentive is the same as or no more than the cost that would be incurred through lay-off or transfer of another regular faculty member.

EARLY RETIREMENT INCENTIVE AND LAY-OFF AND RECALL. a) Where the Employer College deems it possible to offset the impact of the lay-lay off sequence (Article 7.02) through the offering of early retirement incentive to a faculty member (who qualifies as per Article 22.02 20.02 above), an incentive shall be offered if the cost of such incentive is the same as or no more than the cost that would be incurred through lay-lay off or transfer of another regular faculty member.

EARLY RETIREMENT INCENTIVE AND LAY-OFF AND RECALL. a) Where the Employer deems it possible to offset the impact of the lay-off sequence (Article 7.02) through the offering of early retirement incentive to a faculty member (who qualifies as per Article 22.02 20.02 above), an incentive shall be offered if the cost of such incentive is the same as or no more than the cost that would be incurred through lay-off or transfer of another regular faculty member.