Common use of Layoff Options Clause in Contracts

Layoff Options. An employee who is issued layoff notice shall elect one (1) of the following options within two (2) calendar weeks: (1) to be placed on the regular recall list; (2) to be placed in seniority order on the casual call out list above casual employees An employee electing this option shall accrue regular seniority for all work assignments for which he/she has been recalled; however the rate of pay for work available under this option shall be commensurate with the actual classification of the work assignment offered. Upon completion of each work assignment and for the purposes of Article 11.3(c), he/she shall re-establish his/her right to a further twelve (12) months of recall. (3) to elect early retirement and, if eligible, to receive the early retirement benefits covered by Article 18.8 and to receive severance pay in accordance with Article 13.6(b)(4). (4) to sever his/her employment and receive severance pay based on total years of service as follows: (i) for the first year of completed employment, 3 weeks' current salary; (ii) for the second year of completed employment, 3 weeks' current salary; (iii) for each completed year thereafter, ½ months' current salary. Employees will not receive an amount greater than nine (9) months' current salary.

Layoff Options. An employee who is issued layoff notice shall elect one (1) of the following options within two (2) calendar weeks: (1) to be placed on the regular recall list; (2) to be placed in seniority order on the casual call out callout list above casual employees An employee electing this option shall accrue regular seniority for all work assignments for which he/she has been recalled; however the rate of pay for work available under this option shall be commensurate with the actual classification of the work assignment offered. Upon completion of each work assignment and for the purposes of Article Clause 11.3(c), he/she shall re-establish his/her right to a further twelve (12) 12 months of recall. (3) to elect early retirement and, if eligible, to receive the early retirement benefits covered by Article Clause 18.8 and to receive severance pay in accordance with Article Clause 13.6(b)(4). (4) to sever his/her employment and receive severance pay based on total years of service as follows: (i) for the first year of completed employment, 3 three weeks' current salary; (ii) for the second year of completed employment, 3 three weeks' current salary; (iii) for each completed year thereafter, ½ one-half months' current salary. Employees will not receive an amount greater than nine (9) months' current salary.

Layoff Options. An employee who is issued layoff notice shall elect one (1) of the following options within two (2) calendar weeks: (1) to be placed on the regular recall list; (2) to be placed in seniority order on displace the senior casual call out list above casual employees employee; An employee electing this option shall accrue regular seniority for all work assignments for which he/she has been recalled; however the rate of pay for work available under this option shall be commensurate with the actual classification of the work assignment offered. Upon completion of each work assignment and for the purposes of Article 11.3(c), he/she shall re-establish his/her right to a further twelve (12) months of recall. (3) to elect early retirement and, if eligible, to receive the early retirement benefits covered by Article 18.8 and to receive severance pay in accordance with Article 13.6(b)(413.3(b)(4). (4) to sever his/her employment and receive severance pay based on total years of service as follows: (i) for the first year of completed employment, 3 weeks' current salary; (ii) for the second year of completed employment, 3 weeks' current salary; (iii) for each completed year thereafter, ½ months' current salary. Employees will not receive an amount greater than nine (9) months' current salary.

Layoff Options. An employee who is issued layoff notice shall elect one (1) of the following options within two (2) calendar weeks: (1) to be placed on the regular recall list; (2) to be placed in seniority order on the casual call out callout list above casual employees An employee electing this option shall accrue regular seniority for all work assignments for which he/she has they have been recalled; however the rate of pay for work available under this option shall be commensurate with the actual classification of the work assignment offered. Upon completion of each work assignment and for the purposes of Article Clause 11.3(c) (Loss of Seniority), he/she they shall re-re establish his/her their right to a further twelve (12) 12 months of recall. (3) to elect early retirement and, if eligible, to receive the early retirement benefits covered by Article Clause 18.8 (Vacation Leave on Retirement) and to receive severance pay in accordance with Article Clause 13.6(b)(4). (4) to sever his/her their employment and receive severance pay based on total years of service as follows: (i) for the first year of completed employment, 3 three weeks' current salary; (ii) for the second year of completed employment, 3 three weeks' current salary;salary;‌ (iii) for each completed year thereafter, ½ one-half months' current salary. Employees will not receive an amount greater than nine (9) months' current salary.

Layoff Options. An employee who is issued layoff notice shall elect one (1) of the following options within two (2) calendar weeks: (1) to be placed on the regular recall list; (2) to be placed in seniority order on the casual call out list above casual employees An employee electing this option shall accrue regular seniority for all work assignments for which he/she has been recalled; however the rate of pay for work available under this option shall be commensurate with the actual classification of the work assignment offered. Upon completion of each work assignment and for the purposes of Article Clause 11.3(c), he/she shall re-establish his/her right to a further twelve (12) 12 months of recall. (3) to elect early retirement and, if eligible, to receive the early retirement benefits covered by Article Clause 18.8 and to receive severance pay in accordance with Article Clause 13.6(b)(4). (4) to sever his/her employment and receive severance pay based on total years of service as follows: (i) for the first year of completed employment, 3 three weeks' current salary; (ii) for the second year of completed employment, 3 three weeks' current salary; (iii) for each completed year thereafter, ½ one-half months' current salary. Employees will not receive an amount greater than nine (9) months' current salary.salary.‌