Extended Benefits Program Sample Clauses

Extended Benefits Program. Under the University’s Extended Benefits Program, and pursuant to further terms identified below, the University will: (1) place Transitioned Employees on Leave Without Pay (LWOP) following their notice period; (2) pay both the employer and employee share of the Transitioned Employees’ health care benefit contributions; and, (3) either return the Transitioned Employees to their former positions without loss of seniority by June 30, 2021 or provide notice of layoff.
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Extended Benefits Program. Alternatively, OSU may place employees into the Extended Benefits Program. Such “Extended Benefits Employees” shall be on Leave Without Pay (LWOP) status. Extended Benefits Employees who are enrolled in the University-provided health care coverage shall be provided continued core health care benefits coverage for the Extended Benefits period. OSU will pay both the employer and employee portion of the Extended Benefit Employee’s health care benefit premium contribution during this period. Optional insurance plans and flexible spending accounts will continue to be the responsibility of the Extended Benefits Employee, but the employee may cancel these benefits during the Extended Benefits period. Should the University be unable to return Extended Benefits Employees to work by June 30, 2021 due to a lack of work or for financial reasons, the Extended Benefits Employees shall be separated from employment and granted all layoff rights, pursuant to Article 44 of the parties’ CBA. Extended Benefits Employees who are eligible to retire by end of fiscal year 2021 shall be allowed to choose layoff under Article 44 of the parties’ CBA instead of participation in the Extended Benefits Program. Employees then displaced under the layoff procedure as a result of the employee’s choice shall be placed in the Extended Benefits Program.
Extended Benefits Program. Employees who choose to participate in the new program will have the following rights/benefits:
Extended Benefits Program. The terms of the PSU Extended Benefits Program is described in the Extended Benefits LOA dated April 29, 2020, and is hereby incorporated by reference into this Work Share LOA.
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