Common use of OPTIONAL VOLUNTARY BUYOUT Clause in Contracts

OPTIONAL VOLUNTARY BUYOUT. The parties agree that the Employer may offer voluntary buyout opportunities to employees at any time(s) during the term of this agreement. In the event such voluntary buyouts are offered during the term of this agreement, the Company agrees to provide advance notice to the Union concerning the buyout components, the terms of the offer(s), and the timing of any offering(s), and to allow the Union to attend employee meetings regarding this issue.

OPTIONAL VOLUNTARY BUYOUT. The parties agree that the Employer may may, at its sole discretion, offer voluntary buyout opportunities to employees at any time(s) during the term of this agreement. In the event such voluntary buyouts are offered during the term of this agreement, the Company agrees to provide advance notice to the Union concerning the buyout components, the terms of the offer(s), and the timing of any offering(s), and to allow the Union to attend employee meetings regarding this issueany voluntary buyout(s). This XXX shall not be subject to the grievance procedure.