Extraordinary Early Separation Payment Sample Clauses

Extraordinary Early Separation Payment. An employee who is in receipt of income protection payments from Energy Super or another fund may elect to either remain on income protection payments for the period payments are available, or if offered, the employee may accept the Extraordinary Early Separation Payment as set out in the Disability Management Clause of this Agreement. For the first two (2) years an employee is receiving income protection payments, ENERGEX will not initiate any termination process unless there is serious misconduct or other grounds that warrant instant dismissal. However, where there is mutual agreement that an employee is unable to return to work due to total and permanent disability, processes may be commenced to conclude the employment. Employees will not be entitled to the Extraordinary Early Separation Payment, as provided in the Disability Management Clause of this Agreement, where the employee elects to remain on income protection payments for a period of up to two (2) years where separation subsequently occurs.