Common use of Notice Period of Surplus Status Clause in Contracts

Notice Period of Surplus Status. An employee whose position has been declared surplus to requirements shall receive six (6) months notice or, at the employee’s discretion, pay in lieu of all or part thereof.

Notice Period of Surplus Status. An employee whose position has been declared surplus to requirements shall shall, at the Corporation’s discretion, receive six (6) months notice or, at the employee’s discretion, or pay in lieu of all or part thereof.