Employees Accepting Severance Pay. (a) Employees who accept separation pay under the provisions of this clause shall on doing so terminate their seniority and employment relation to the company and shall have no further rights under this Agreement or under any other Agreement between the signing parties.
(b) Notwithstanding 2(a) above, should the Plant re-open the re-hired employee(s) who have received separation pay shall be accredited with full seniority rights accrued during their employment upon returning such separation pay within a period not to exceed thirty (30) working days.
Employees Accepting Severance Pay. In the event that part of the Plant remains open, Employees eligible to receive separation allowance may elect to remain on the seniority list for possible recall. The Company will hold the separation allowance for such employee so long as they are eligible for recall, during which time the employee may request payment subject to the provisions of the above section. Those re-employed on this basis shall continue to accumulate seniority during the period of layoff.
