Early Separation. Persons choosing early separation shall have eligibility for early retirement payments determined in accordance with appropriate statutes and regulations.
Early Separation. In the event that, prior to a Change in Control, the Executive executes a separation agreement with Ralsxxx xx any of its Affiliates during the term of this Agreement which, by its terms, specifically addresses issues related to the Executive's termination of employment and benefits to be paid upon such termination, all of the Executive's rights, claims and entitlements under this Agreement shall terminate even if, under the terms of such separation agreement, the Executive remains employed by Ralsxxx xx one of its Affiliates for a period of time after execution of such separation agreement.
Early Separation. (i) Where an employee is likely to be the subject of action under these provisions, the President may provide to that employee an early separation opportunity.
(ii) This option provides for separation to occur within 14 days of the employee being advised that they are excess under clause 48.1.
(iii) It attracts an additional payment of 8 week’s salary (or 10 weeks for an employee over 45 years of age with at least 5 years continuous service), over and above any other amount paid on separation in accordance with clause 48.5.
(iv) The payment is in lieu of the time that may have reasonably been expected to elapse for the purposes of the consultation, consideration periods and notice periods.
Early Separation. In the event that, prior to a Change in Control, the Executive executes a separation agreement with IBC or any of its Affiliates during the term of this Agreement which, by its terms, specifically addresses issues related to the Executive’s termination of employment and benefits to be paid upon such termination, all of the Executive’s rights, claims and entitlements under this Agreement shall terminate even if, under the terms of such separation agreement, the Executive remains employed by IBC or one of its Affiliates for a period of time after execution of such separation agreement.
Early Separation. Where an employee elects early separation the employee’s redundancy benefits will be paid on termination calculated as follows:
a) payment in lieu of salary for the unexpired portion of the 12 week transition period;
b) all accumulated recreation leave; and
c) pro rata long service leave where recognised service is more than 5 years; and
Early Separation. In the event Employee has a Separation From Service with the Corporation before reaching age 65 (unless the Employee is terminated by the Corporation for Cause, or if the separation is by reason of disability pursuant to subparagraph 6(c), or by reason of death), then on the last day of the month next following the month of Employee’s Separation From Service, the Corporation shall pay to Employee a lump sum cash payment of an amount equal to the present value of his Discounted Vested Monthly Benefit. For the purpose of determining the present value, the following assumptions shall apply:
Early Separation. An employee who has been given written notice that their position has been made redundant may decide to include the balance of the transition period in the employee’s redundancy benefits, in which case the employee will receive upon termination: • payment in lieu of salary for the unexpired portion of the 12 week “transition period”; • all accumulated recreation leave and pro rata long service leave where recognised accumulation of credit is less than 10 years, but more than 5 years; and • severance pay as set out in subclause 17.2. • Benefits received under early separation are in lieu of any notice period, access to a scheme of redeployment or other redundancy benefit.
Early Separation. 30.6.1 An employee who has been given notice in accordance with Subclause 30.3 may decide to include the balance of the transition period in the employee’s redundancy benefits, in which case the employee will receive upon termination:
(a) Payment in lieu of salary for the unexpired portion of the eight (8) week ‘transition period’; and (b) Payment of the relevant ‘redundancy benefit’ as calculated in Subclause 30.4.2, and (c) Payment of long service leave in proportion to the employee’s length of service with the University.
30.6.2 The sum payable to an employee in accordance with Subclause 30.6.1(a) and Subclause 30.6.1(b) will not exceed the salary that would be payable if the employee continued in employment to the expiry date of a fixed term appointment.
30.6.3 All payments under Clause 30 will be calculated on the employee’s salary (including fortnightly award based allowances and loadings) at the date of ceasing employment.
Early Separation. A staff member who has been given notice and seeks early separation will receive payment in lieu of the remainder of the notice period.
78.7.1 The sum payable to a staff member pursuant to this sub-clause will not exceed the salary that would be payable if the staff member continued in employment to a previously agreed retirement date.
78.7.2 All payments under this sub-clause will be calculated on the staff member’s salary at the date of cessation of employment.
Early Separation. Any member who is hired after July 1, 2019, who chooses to sever employment from the Town of Barrington within 3 years of his/her date of hire will be required to pay back $4,000.00 in training, uniforms and equipment, and other related expenses excluding wages.
