Common use of Election Concerning Layoff Status Clause in Contracts

Election Concerning Layoff Status. Notwithstanding any other provision of this Agreement an employee who would otherwise have been terminated in accordance with the applicable provisions of this Agreement and under the circumstances specified in Section 1 above may, at such time, elect to be placed upon layoff status for thirty (30) days or to continue on layoff status for an additional thirty (30) days if he/she had already been on layoff status. At the end of such thirty (30) day period he/she may elect to continue on layoff status or to be terminated and receive severance allowance if he/she is eligible to any such allowance under the provisions of this Article 16; provided, however, if he/she elects to continue on layoff status after the thirty (30) day period specified above, and is unable to secure employment with the Company within an additional sixty (60) day period, at the conclusion of such additional sixty (60) day period he/she may elect to be terminated and receive severance allowance if he/she is eligible for such allowance. If an employee elects to continue on layoff status, he/she shall continue to be in such status notwithstanding the expiration or termination of this Agreement. Any Supplemental Unemployment Benefit payment received by him/her for any period after the beginning of such thirty (30) day period shall be deducted from any such severance allowance to which he/she would have been otherwise eligible at the beginning of such thirty (30) day period.

Election Concerning Layoff Status. Notwithstanding any other provision of this Agreement Agreement, an employee Employee who would could otherwise have been terminated in accordance with the applicable provisions of this Agreement and under the circumstances specified in Section 1 above of this Article may, at such time, elect to be placed upon on layoff status for thirty (30) days or to continue on layoff status for an additional thirty (30) days if he/she he had already been on layoff status. At the end of such thirty (30) day period he/she he may elect to continue on layoff status or to be terminated and receive severance allowance if he/she he is eligible to for any such allowance under the provisions of this Article 16Article; provided, however, if he/she he elects to continue on layoff status after the thirty (30) day period specified above, above and is unable to secure employment with the Company within an additional sixty (60) day period, at the conclusion of such additional sixty (60) day period he/she he may elect to be terminated and receive severance allowance if he/she he is eligible for such allowance. If an employee elects to continue on layoff status, he/she shall continue to be in such status notwithstanding the expiration or termination of this Agreement. Any Supplemental Unemployment Benefit payment received by him/her him for any period after the beginning end of such thirty (30) day period shall be deducted from any such initial severance allowance to which he/she he would have been otherwise eligible at the beginning of such thirty (30) day period. In the event of a strike, nothing in this Agreement shall be interpreted as extending the benefits beyond the term otherwise provided for in the Agreement. SECTION 8 - PAYMENT OF ALLOWANCE Payment shall be made in a lump sum at the time of termination. Acceptance of severance allowance shall terminate employment and continuous service for all purposes under this Agreement.