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: 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.

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.

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: 1. Bumping bumping rights on the basis of total seniority; 2. To to go on lay-off and exercise re-employment rights; 3. To to retire, if eligible; 4. To to resign and receive severance pay; 5. Indefinite 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: 1. A) Bumping rights on the basis of total seniority; 2. B) To go on lay-off and exercise re-employment rights; 3. C) To retire, if eligible; 4. D) To resign and receive severance pay; 5. 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.