General Redundancy Sample Clauses

General Redundancy. If the Employer has determined that insufficient funds exist to pay the existing number of employees for a long time in the future: (i) before any employee is laid off, the Employer shall determine whether some or all layoffs could be avoided by: (a) economizing on other areas of expenditure, (b) transfer to another academic program as specified in Article 29.9, (c) retraining as specified in Article 29.10, (d) early retirement as specified in Article 29.11; (ii) employees shall be laid off and recalled according to seniority as specified in Article 29.6; (iii) employees who are to be laid off shall be notified according to Article 29.7; (iv) employees who are laid off shall be entitled to severance benefits, as specified in Article 29.8.
AutoNDA by SimpleDocs
General Redundancy reduce the number of employees in general, provided that insufficient funds will be available to pay the existing number of employees for a long time into the future.

Related to General Redundancy

  • Redundancy 21.1 Subject to the following procedure, it is agreed that it is the Employer’s prerogative to determine the order of selection of Employees for employment or retrenchment. 21.2 All relevant legislation governing unfair dismissal, discrimination etc. will be observed. 21.3 Voluntary terminations will be encouraged as a first step. 21.4 The seniority of Employees - within classifications, experience or skills held - will be observed by the Employer in selecting Employees for retrenchment. 21.5 The dispute settlement procedures set out in Part 2 will apply in the event of any concerns arising regarding retrenchments. 21.6 An Employee is entitled to access their Redundancy payments when they cease to be employed by the Employer. The amount of the Redundancy payment shall be whichever is the greater of the entitlement due under the Award as in force from time to time or the entitlement of the Employee under the Nominated Redundancy Fund trust deed (or under the constituting documents of any fund nominated by Incolink under this clause). Note that the industry-specific Redundancy scheme prescribed by the Award as in force from time to time is expressly incorporated into this Agreement (including for clarity, in respect of work falling within the scope of clause 4.2).

  • Severance If any provision or part-provision of this Agreement is or becomes invalid, illegal or unenforceable, it shall be deemed modified to the minimum extent necessary to make it valid, legal and enforceable. If such modification is not possible, the relevant provision or part- provision shall be deemed deleted. Any modification to or deletion of a provision or part-provision under this clause shall not affect the validity and enforceability of the rest of this Agreement. If any provision or part-provision of this Agreement is invalid, illegal or unenforceable, the parties shall negotiate in good faith to amend such provision so that, as amended, it is legal, valid and enforceable, and, to the greatest extent possible, achieves the intended commercial result of the original provision.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!