Method of Payment of Severance. An employee may elect to receive their severance payment as a lump sum, or as enhanced early retirement if eligible, or MPI and the employee may agree on another method of payment, such as those below: • A payment staggered over an agreed defined period. For example, 50% immediately, 25% after 6 months and 25% after a further six months. The employee will remain eligible for MPI vacancies as a preferred applicant until the final payment has been made. Payments and entitlements cease as soon as the employee has been placed in MPI, or the employee turns down a suitable position offered by MPI or 100% severance has been paid. If re-employed in MPI during this period all service is retained. • Leave with Pay for a period equivalent to the amount of severance. The employee remains eligible for MPI vacancies as a preferred applicant during this period. Leave and entitlements cease when employment is obtained either with MPI or another employer, or if the employee turns down a suitable MPI placement, or when the amount available is used. Secondary employment may be approved. During this period, an employee may choose to receive the balance of severance as a lump sum, and cease all entitlements. • Leave Without Pay for an agreed and defined period. The employee remains eligible for MPI vacancies as a preferred applicant during this period. If a suitable position has not been found by MPI, or with another employer by the end of the period, lump sum severance, or enhanced early retirement will be paid. The amount will be calculated at the rate applying at the beginning of the LWOP.
Method of Payment of Severance. An observer may elect to receive their severance payment as a lump sum, or as enhanced early retirement if eligible, or MPI and the observer may agree on another method of payment, such as those below: • A payment staggered over an agreed defined period. For example, 50% immediately, 25% after 6 months and 25% after a further six months. The observer will remain eligible for MPI vacancies as a preferred applicant until the final payment has been made. Payments and entitlements cease as soon as the observer has been placed in MPI, or the observer turns down a suitable position offered by MPI or 100% severance has been paid. If re- employed in MPI during this period all service is retained. • Leave with Pay for a period equivalent to the amount of severance. The observer remains eligible for MPI vacancies as a preferred applicant during this period. Leave and entitlements cease when employment is obtained either with MPI or another employer, or if the observer turns down a suitable MPI placement, or when the amount available is used. Secondary employment may be approved. During this period, an observer may choose to receive the balance of severance as a lump sum, and cease all entitlements • Leave Without Pay for an agreed and defined period. The observer remains eligible for MPI vacancies as a preferred applicant during this period. If a suitable position has not been found by MPI, or with another employer by the end of the period, lump sum severance, or enhanced early retirement will be paid. The amount will be calculated at the rate applying at the beginning of the LWOP • Lump Sum - if an observer who has received a full severance payment, or enhanced early retirement, including after LWOP, is subsequently re- employed by MPI, then they will be a new observer for all intents and purposes, except for sick leave provisions, where 3.8 applies. However, recognising that severance is not a voluntary option for an observer, an observer may buy back service either by a lump sum repayment of a proportion of the severance, or by reduced wages for a period. • Any other mutually agreed option for the payment of severance may be used.
Method of Payment of Severance. An employee may elect to receive their severance payment as a lump sum, or as enhanced early retirement if eligible, or MPI and the employee may agree on another method of payment, such as those exampled below in (a)-(c).
