Common use of FINANCIAL STRINGENCY Clause in Contracts

FINANCIAL STRINGENCY. 12.1.1 Where the Council considers it necessary to discontinue staff appointments to alleviate financial exigencies which appear to be long term, the Council shall advise Staff Members whose appointments are to be discontinued in a written statement which indicates clearly the reasons for the discontinuation. 12.1.2 All Staff Members, other than those holding contractually limited appointments, whose appointments are to be discontinued because of the declared financial stringency, shall receive from the Council: a. a period of notice of not less than twelve (12) months; and b. one (1) month‘s salary for each year of service to a maximum of six (6) months‘ salary. 12.1.3 Staff Members whose appointments have been discontinued as a result of financial stringency shall, on request, receive prior consideration over other applicants and shall receive the first offers of appointment for the first available positions for which they are qualified. This prior consideration shall be given to Staff Members for a period of two (2) years in the case of probationary appointment and four (4) years in the case of a regular appointment. 12.1.4 Each Staff Member made an offer under Section 12.1.3 shall be given one (1) month from the date of receipt of notice of a vacancy to decide whether the Staff Member will accept the offer and shall be entitled to a further reasonable period of time to fulfill other employment commitments prior to returning to Athabasca University. 12.1.5 In the event that a Staff Member whose appointment was discontinued as a result of financial stringency is subsequently given a full-time appointment, the Staff Member shall receive such contractual status, right to leaves, and accumulated benefits as the Staff Member shall have enjoyed at the time of the discontinuation.

FINANCIAL STRINGENCY. 12.1.1 Where the Council Board considers it necessary to discontinue staff appointments to alleviate financial exigencies which appear to be long term, the Council Board shall advise Staff Members whose appointments are to be discontinued in a written statement which indicates clearly the reasons for the discontinuation. 12.1.2 All Staff Members, other than those holding contractually limited appointments, whose appointments are to be discontinued because of the declared financial stringency, shall receive from the CouncilBoard: a. a period of notice of not less than twelve (12) months; and b. one (1) month‘s month’s salary for each year of service to a maximum of six (6) months‘ ’ salary. 12.1.3 Staff Members whose appointments have been discontinued as a result of financial stringency shall, on request, receive prior consideration over other applicants and shall receive the first offers of appointment for the first available positions for which they are qualified. This prior consideration shall be given to Staff Members for a period of two (2) years in the case of probationary appointment and four (4) years in the case of a regular appointment. 12.1.4 Each Staff Member made an offer under Section 12.1.3 shall be given one (1) month from the date of receipt of notice of a vacancy to decide whether the Staff Member will accept the offer and shall be entitled to a further reasonable period of time to fulfill other employment commitments prior to returning to Athabasca University. 12.1.5 In the event that a Staff Member whose appointment was discontinued as a result of financial stringency is subsequently given a full-time appointment, the Staff Member shall receive such contractual status, right to leaves, and accumulated benefits as the Staff Member shall have enjoyed at the time of the discontinuation.

FINANCIAL STRINGENCY. 12.1.1 Where the Council Board considers it necessary to discontinue staff appointments to alleviate financial exigencies which appear to be long term, the Council Board shall advise Staff Members whose appointments are to be discontinued in a written statement which indicates clearly the reasons for the discontinuation. 12.1.2 All Staff Members, other than those holding contractually limited appointments, whose appointments are to be discontinued because of the declared financial stringency, shall receive from the CouncilBoard: a. a period of notice of not less than twelve (12) months. The Board may elect to pay out the period of notice; and b. one (1) month‘s month’s salary for each year of service to a maximum of six (6) months‘ ’ salary. 12.1.3 Staff Members whose appointments have been discontinued as a result of financial stringency shall, on request, receive prior consideration over other applicants and shall receive the first offers of appointment for the first available positions for which they are qualified. This prior consideration shall be given to Staff Members for a period of two (2) years in the case of probationary appointment and four (4) years in the case of a regular appointment. 12.1.4 Each Staff Member made an offer under Section 12.1.3 shall be given one fourteen (114) month days from the date of receipt of notice of a vacancy to decide whether the Staff Member will accept the offer and shall be entitled to a further reasonable period of time to fulfill other employment commitments prior to returning to Athabasca University. 12.1.5 In the event that a Staff Member whose appointment was discontinued as a result of financial stringency is subsequently given a full-time appointment, the Staff Member shall receive such contractual status, right to leaves, and accumulated benefits as the Staff Member shall have enjoyed at the time of the discontinuation.