Common use of Layoff and Severance Clause in Contracts

Layoff and Severance. The provisions of Article 29 shall apply except where otherwise indicated and any payment made in accordance with this Article shall be based solely on the academic component of salary. 35.10.1 The following wording shall be substituted for Article 29.5.2 and 29.6: Partial redundancy may be deemed to occur when the College of Medicine's external funding for a program or project is severely reduced or eliminated and shall only apply to continuing status positions. The following provisions shall apply for partial redundancy. (i) a grievance in the case of layoff for reason of partial redundancy shall be subject to the same limitations as in the case of tenure (Article 15.17); (ii) before any employees are laid off, the Employer shall determine whether some or all layoffs could be avoided by: (a) economizing on other areas of expenditure in the College of Medicine; (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; (iii) employees in a discontinued program or project shall be subject to layoff due to a Partial Redundancy. When funding for a specific program or project is discontinued, only employees associated with that particular program or project shall be affected. (iv) employees in a discontinued program or project shall be laid off and recalled according to seniority in that program or project. 35.10.2 The following wording shall be substituted for Article 29.7: (i) Both the employee and the Association shall be notified as soon as the employer is informed by the granting agency if a program or project is to be discontinued due to financial exigency. Employees shall be entitled to as much notice as the employer receives with a minimum notice period of six months. (ii) Employees who have been notified that they will be laid off may, at their discretion, elect to receive a cash settlement equal in value to their monthly academic component of salary times the number of months that remain in their period of notification to a maximum of 6 months' salary before the effective date of their termination, in lieu of continuing their employment with the University.

Layoff and Severance. The provisions of Article 29 shall apply except where otherwise indicated and any payment made in accordance with this Article shall be based solely on the academic component of salary. 35.10.1 The following wording shall be substituted for Article 29.5.2 and 29.6: Partial redundancy may be deemed to occur when the College of Medicine's ’s external funding for a program or project is severely reduced or eliminated and shall only apply to continuing status positions. The following provisions shall apply for partial redundancy. (i) a grievance in the case of layoff for reason of partial redundancy shall be subject to the same limitations as in the case of tenure (Article 15.17); (ii) before any employees are laid off, the Employer shall determine whether some or all layoffs could be avoided by: (a) economizing on other areas of expenditure in the College of Medicine; (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; (iii) employees in a discontinued program or project shall be subject to layoff due to a Partial Redundancy. When funding for a specific program or project is discontinued, only employees associated with that particular program or project shall be affected. (iv) employees in a discontinued program or project shall be laid off and recalled according to seniority in that program or project. 35.10.2 The following wording shall be substituted for Article 29.7: (i) Both the employee and the Association shall be notified as soon as the employer is informed by the granting agency if a program or project is to be discontinued due to financial exigency. Employees shall be entitled to as much notice as the employer receives with a minimum notice period of six months. (ii) Employees who have been notified that they will be laid off may, at their discretion, elect to receive a cash settlement equal in value to their monthly academic component of salary times the number of months that remain in their period of notification to a maximum of 6 months' ’ salary before the effective date of their termination, in lieu of continuing their employment with the University. 35.10.3 The following wording shall be substituted for Article 29.8: employees who are laid off shall be entitled to severance benefits, based on the academic component of salary of one month's salary for each year of service up to a maximum of six months of salary.