Common use of Labour Adjustment Strategies Clause in Contracts

Labour Adjustment Strategies. Employee Transition Subject to operational considerations, including the availability of funding, the following menu of employee transition labour adjustment strategies will be offered by the Employer to minimize layoffs and at the appropriate time in the employee reduction process: (i) Paid leaves of absence for use to seek alternate employment, retirement adjustment, retraining, etc. (ii) 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 collective agreement severance provisions to the employee who is being offered severance. If the employee elects to take severance pay under this article, he or she thereby waives all other rights, claims, or entitlements, and ▇▇▇▇▇▇ his or her relationship with the Employer. (iii) Workload averaging that does incur a net increase in compensation. (iv) Purchasing past pensionable service. If permissible the Employer will match a minimum of three years’ contributions to the College Pension Plan where an employee opts for early retirement. (v) Early retirement incentives pursuant to the collective agreement. (vi) Retraining. (vii) Continuation of health and welfare benefits. (viii) Combinations and variations of the above or other employee transition alternatives.

Labour Adjustment Strategies. Employee Transition Subject to the institution’s operational considerations, including the availability of funding, the following menu of employee transition labour adjustment strategies will be offered by the Employer institutions to minimize layoffs and at the appropriate time in the employee reduction processprocess set out in the local provisions: (ia) Paid leaves of absence for use to seek alternate employment, retirement adjustment, retraining, etc. (iib) 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 collective local agreement severance provisions to the employee who is being offered severance. If the employee elects to take severance pay under this articleArticle, he or she they thereby waives all other rights, claims, or entitlements, and ▇▇▇▇▇▇ his or her their relationship with the Employerinstitution. (iiic) Workload averaging that does incur a net increase in compensation. (ivd) 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. (ve) Early retirement incentives pursuant to the local collective agreementagreements. (vif) Retraining. (viig) Continuation of health and welfare benefits. (viiih) Combinations Combination and variations of the above or other employee transition alternatives.

Labour Adjustment Strategies. Employee Transition Subject to the institution’s operational considerations, including the availability of funding, the following menu of employee transition labour adjustment strategies will be offered by the Employer institutions to minimize layoffs and at the appropriate time in the employee reduction processprocess set out in the local provisions: (ia) Paid leaves of absence for use to seek alternate employment, retirement adjustment, retraining, etc. (iib) 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 collective local agreement severance provisions to the employee who is being offered severance. If the employee elects to take severance pay under this article, he or she thereby waives all other rights, claims, or entitlements, and ▇▇▇▇▇▇ his or her relationship with the Employerinstitution. (iiic) Workload averaging that does incur a net increase in compensation. (ivd) Purchasing past pensionable service. If permissible the Employer will match a minimum of three years’ ' contributions to the College Pension Plan where an employee opts for early retirement. (ve) Early retirement incentives pursuant to the local collective agreementagreements. (vif) Retraining. (viig) Continuation of health and welfare benefits. (viiih) Combinations and variations of the above or other employee transition alternatives.