Common use of Options Upon Position Abolishment Clause in Contracts

Options Upon Position Abolishment. A permanent employee whose position is abolished shall have the right to access one (1) of the following options upon written application: Bumping rights on the basis of total seniority; To go on lay-off and exercise re-employment rights; To retire, if eligible; To resign and receive severance pay; Indefinite leave of absence without pay at the conclusion of which an employee may elect to a) resign with severance; or b) retire, if eligible; or c) go on lay-off and exercise re-employment rights.

Options Upon Position Abolishment. A) A permanent Permanent employee whose position is abolished shall have the right to access one (1) of the following options upon written application: Bumping : 1. bumping rights on the basis of total seniority; To ; 2. to go on lay-off and exercise re-employment rights; To ; 3. to retire, if eligible; To ; 4. to resign and receive severance pay; Indefinite ; 5. indefinite leave of absence without pay at the conclusion of which an employee may elect to a) resign with severance; or b) retire, if eligible; or c) go on lay-off and exercise re-employment rights.

Options Upon Position Abolishment. A permanent employee whose position is abolished shall have the right to access one (1) of the following options upon written application: : A) Bumping rights on the basis of total seniority; ; B) To go on lay-off and exercise re-employment rights; ; C) To retire, if eligible; ; D) To resign and receive severance pay; ; E) Indefinite leave of absence without pay at the conclusion of which an employee may elect to a1) resign with severance; or b2) retire, if eligible; or c3) go on lay-off and exercise re-re- employment rights.

Options Upon Position Abolishment. A permanent employee whose position is abolished shall have the right to access one (1) of the following options upon written application: : 1. Bumping rights on the basis of total seniority; ; 2. To go on lay-off and exercise re-employment rights; ; 3. To retire, if eligible; ; 4. To resign and receive severance pay; ; 5. Indefinite leave of absence without pay at the conclusion of which an employee may elect to a) resign with severance; or b) retire, if eligible; or c) go on lay-off and exercise re-employment rights.