Early Retirement Incentive and Reduction Sequence. a) Where it is deemed possible to offset the impact of the Reduction Sequence (Article 10.5.3.3) through the offering of early retirement incentive to a faculty member (who qualifies as per Article 22.1 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 layoff or transfer of another regular faculty member. b) Such offers may be made at any time during the year and need not be part of the exercise described in Article 22.3 a) above. c) Notwithstanding the possibility of effecting an early retirement, advance notification of layoff or transfer pursuant to Article 10.5.
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Samples: Collective Agreement, Collective Agreement, Collective Agreement
