Layoff, Bumping and Retirement Considerations Sample Clauses

Layoff, Bumping and Retirement Considerations. 1. A “Primary Impact Employee” is an employee who enters the Job Bank due to the elimination of their position. A “
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Layoff, Bumping and Retirement Considerations. 1. A “Primary Impact Employee” is an employee who enters the Job Bank due to the elimination of his/her position. A “Secondary Impact Employee” is an employee who enters the Job Bank because he/she may be displaced by a Primary Impact Employee. All affected employees may exercise the displacement, “bumping” and/or layoff rights immediately. A Primary Impact Employee must exercise displacement or bumping rights within forty-five (45) days of entering the Job Bank (or within twenty-two [22] days of entering the Job Bank for an employee entitled to 30-days in the Job Bank). A Primary Impact Employee who exercises his/her displacement or bumping rights within the first thirty (30) days from entering the Job Bank (within the first fifteen [15] days for an employee entitled to 30-days in the Job Bank) shall have 8 hours added to the employee’s vacation bank. A Secondary Impact Employee must exercise his/her displacement or bumping rights within seven (7) calendar days of being displaced or bumped. Displacement and bumping rights shall be forfeited unless exercised by the deadlines specified in this paragraph or in the provisions of 2.a iii, Lateral Transfers, above. Regardless of when bumping rights are exercised, any change in the compensation of the employee resulting from the exercise of bumping rights shall not take effect until after the employee’s term in the Job Bank would have expired had the employee remained in the Job Bank for the maximum period.
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Layoff, Bumping and Retirement Considerations 
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Related to Layoff, Bumping and Retirement Considerations

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