Common use of On Layoff Clause in Contracts

On Layoff. A Regular Employee who has received written notice of layoff shall, within five (5) calendar days, elect to: (a) exercise their seniority rights for bumping purposes; or (b) accept layoff. If the employee accepts layoff the employee shall, within thirty (30) calendar days from the effective date of layoff, elect to: (a) either retain seniority rights of layoff and recall; or (b) accept severance pay. Upon acceptance of Severance Pay all seniority rights and rights to recall under the Agreement are terminated; or, upon acceptance of retention of seniority rights of layoff and recall, all rights to severance pay under these provisions are terminated. Entitlement to, and severance pay for, each Regular Employee will be as follows: (a) Three (3) days' pay for each calendar year of service up to and including five (5) calendar years of service. (b) Five (5) days' pay for each calendar year of service after six (6) years of service. (c) The maximum number of days' pay for severance will be one hundred and twenty (120) days' pay. Part-time service shall be calculated on a prorata basis. Salary upon which severance pay is calculated shall be based on the employee's salary at the effective date of the employee’s termination.

On Layoff. A Regular Employee who has received written notice of layoff shall, within five (5) calendar days, elect to: (a) exercise their seniority rights for bumping purposes; or (b) accept layoff. If the employee accepts layoff the employee he shall, within thirty (30) calendar days from the effective date of layoff, elect to: (a) either retain seniority rights of layoff xxxxxx and recall; or (b) accept severance pay. Upon acceptance of Severance Pay all seniority rights and rights to recall under the Agreement are terminated; or, upon acceptance of retention of seniority rights of layoff and recall, all rights to severance pay under these provisions are terminated. Entitlement to, and severance pay for, each Regular Employee will be as follows: (a) Three (3) days' pay for each calendar year of service up to and including five (5) calendar years of service. (b) Five (5) days' pay for each calendar year of service after six (6) years of service. (c) The maximum number of days' pay for severance will be one hundred and twenty (120) days' pay. Part-time Part‐time service shall be calculated on a prorata basis. Salary upon which severance pay is calculated shall be based on the employee's salary at the effective date of the employee’s his or her termination.

On Layoff. A Regular Employee who has received written notice of layoff shall, within five (5) calendar days, elect to: (a) exercise their seniority rights for bumping purposes; or (b) accept layoff. If the employee accepts layoff the employee shall, within thirty (30) calendar days from the effective date of layoff, elect to: (a) either retain seniority rights of layoff xxxxxx and recall; or (b) accept severance pay. Upon acceptance of Severance Pay all seniority rights and rights to recall under the Agreement are terminated; or, upon acceptance of retention of seniority rights of layoff and recall, all rights to severance pay under these provisions are terminated. Entitlement to, and severance pay for, each Regular Employee will be as follows: (a) Three (3) days' pay for each calendar year of service up to and including five (5) calendar years of service. (b) Five (5) days' pay for each calendar year of service after six (6) years of service. (c) The maximum number of days' pay for severance will be one hundred and twenty (120) days' pay. Part-time Part‐time service shall be calculated on a prorata basis. Salary upon which severance pay is calculated shall be based on the employee's salary at the effective date of the employee’s termination.

On Layoff. ‌ A Regular Employee who has received written notice of layoff shall, within five (5) calendar days, elect to: (a) exercise their seniority rights for bumping purposes; or (b) accept layoff. If the employee accepts layoff the employee shall, within thirty (30) calendar days from the effective date of layoff, elect to: (a) either retain seniority rights of layoff xxxxxx and recall; or (b) accept severance pay. Upon acceptance of Severance Pay all seniority rights and rights to recall under the Agreement are terminated; or, upon acceptance of retention of seniority rights of layoff and recall, all rights to severance pay under these provisions are terminated. Entitlement to, and severance pay for, each Regular Employee will be as follows: (a) Three (3) days' pay for each calendar year of service up to and including five (5) calendar years of service. (b) Five (5) days' pay for each calendar year of service after six (6) years of service. (c) The maximum number of days' pay for severance will be one hundred and twenty (120) days' pay. Part-time Part‐time service shall be calculated on a prorata basis. Salary upon which severance pay is calculated shall be based on the employee's salary at the effective date of the employee’s termination.