Common use of Labour Adjustment Strategies Clause in Contracts

Labour Adjustment Strategies. Employee Transition (a) Paid leaves of absence for use to seek alternate employment, retirement adjustment, retraining, etc. (b) Severance with up to twelve (12) months’ severance payment for an employee other than the employee(s) identified for layoff. Such severance shall be calculated by applying the local agreement severance provisions to the employee who is being offered severance. If the employee elects to take severance pay under this Article, they thereby waive all other rights, claims, or entitlements, and xxxxxx their relationship with the institution. (c) Workload averaging that does incur a net increase in compensation (d) Purchasing past pensionable service. If permissible the employer will match a minimum of three (3) years’ contributions to the College Pension Plan where an employee opts for early retirement. (e) Early retirement incentives pursuant to local collective agreements. (f) Retraining. (g) Continuation of health and welfare benefits. (h) Combination and variations of the above or other employee transition alternatives.

Labour Adjustment Strategies. Employee Transition (a) Paid leaves of absence for use to seek alternate employment, retirement adjustment, retraining, etc. (b) Severance with up to twelve (12) months’ severance payment for an employee other than the employee(s) identified for layoff. Such severance shall be calculated by applying the local agreement severance provisions to the employee who is being offered severance. If the employee elects to take severance pay under this Article, they thereby waive waives all other rights, claims, or entitlements, and xxxxxx their relationship with the institution. (c) Workload averaging that does incur a net increase in compensation (d) Purchasing past pensionable service. If permissible the employer will match a minimum of three (3) years’ contributions to the College Pension Plan where an employee opts for early retirement. (e) Early retirement incentives pursuant to local collective agreements. (f) Retraining. (g) Continuation of health and welfare benefits. (h) Combination and variations of the above or other employee transition alternatives.