Placement Procedure. (i) If a sufficient number of employees accept the TSP payment offer, the Employer will place the remaining employees whose positions were declared redundant in the vacancies created by the employees accepting the TSP payment offer; or other appropriate vacancies. This placement will be by seniority, subject to consideration of ability, experience, qualifications, or the Employer establishing that special skills or qualifications are required according to objective tests or standards reflecting the functions of the job concerned. (ii) Where the employee refuses a placement in the bargaining unit, the salary of which is at least seventy-five per cent (75%) of the present salary of the employee’s current position, the employee is deemed laid off. The employee will be entitled to severance as follows: (1) one-half (½) month’s pay, if she has been employed for three years, but less than ten (10) years; one (1) month’s pay if she has been employed for ten (10) years, but less than fifteen (15) years; two (2) months’ pay if she has been employed for fifteen (15) years, but less than twenty (20) years; three (3) months’ pay if she has been employed for twenty (20) years, but less than twenty-five (25) years; four (4) months’ pay if she has been employed for twenty- five (25) years, but less than thirty (30) years; five (5) months’ pay if she has been employed for thirty (30) or more years. (2) The amount of severance pay provided herein shall be calculated by the formula: bi-weekly rate x twenty-six (26) ÷ twelve (12) = one (1) month rate. (3) The entitlement of an employee to severance pay shall be based upon the employee’s total service as defined in this Agreement.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Placement Procedure. (i) If a sufficient number of employees Employees accept the TSP payment offer, the Employer will place the remaining employees Employees whose positions were declared redundant in the vacancies created by the employees Employees accepting the TSP payment offer; offer or other appropriate vacancies. This placement will be by seniority, subject to consideration of ability, experience, qualifications, or the Employer establishing that special skills or qualifications are required according to objective tests or standards reflecting the functions of the job concerned.
(ii) Where the employee Employee refuses a placement in the bargaining unitplacement, the salary of which is at least seventy-five per cent ninety percent (7590%) of the present salary of the employeeEmployee’s current position, the employee Employee is deemed laid off. The employee Employee will be entitled to severance as follows:
(1) one-half One (½1) month’s pay, pay if she has they have been employed for three (3) years, but less than ten (10) years; one Two (12) month’s pay if she has they have been employed for ten (10) years, but less than fifteen (15) years; two Three (23) months’ pay if she has they have been employed for fifteen (15) years, but less than twenty (20) years; three . Four (34) months’ pay if she has they have been employed for twenty (20) years, but less than twenty-five (25) years; four Five (45) months’ pay if she has they have been employed for twenty- five (25) years, but less than thirty (30) years; five Six (56) months’ pay if she has they have been employed for thirty (30) or more years.
(2) The amount of severance pay provided herein shall be calculated by the formula: bi-weekly rate x twenty-six (26) ÷ twelve (12) = one (1) month rate.:
(3) The entitlement of an employee Employee to severance pay shall be based upon the employeeEmployee’s total service as defined in this Agreement.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Placement Procedure. (i) If a sufficient number of employees accept the TSP payment offer, the Employer will place the remaining employees whose positions were declared redundant in the vacancies created by the employees accepting the TSP payment offer; or other appropriate vacancies. This placement will be by seniority, subject to consideration of ability, experience, qualifications, or the Employer establishing that special skills or qualifications are required according to objective tests or standards reflecting the functions of the job concerned.
(ii) Where the employee refuses a placement in the bargaining unit, the salary of which is at least seventy-five per cent (75%) of the present salary of the employee’s current position, the employee is deemed laid off. The employee will be entitled to severance as follows:
(1) one-half (½) month’s pay, if she has been employed for three years, but less than ten (10) years; one (1) month’s pay if she has been employed for ten (10) years, but less than fifteen (15) years; two (2) months’ pay if she has been employed for fifteen (15) years, but less than twenty (20) years; three (3) months’ pay if she has been employed for twenty (20) years, but less than twenty-five (25) years; four (4) months’ pay if she has been employed for twenty- five (25) years, but less than thirty (30) years; five (5) months’ pay if she has been employed for thirty (30) or more years.
(2) The amount of severance pay provided herein shall be calculated by the formula: bi-weekly rate x twenty-six (26) ÷ twelve 26)÷twelve (12) = one (1) month rate.
(3) The entitlement of an employee to severance pay shall be based upon the employee’s total service as defined in this Agreement.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Placement Procedure. (i) If a sufficient number of employees accept the TSP payment offer, the Employer will place the remaining employees whose positions were declared redundant in the vacancies created by the employees accepting the TSP payment offer; or other appropriate vacancies. This placement will be by seniority, subject to consideration of ability, experience, qualifications, or the Employer establishing that special skills or qualifications are required according to objective tests or standards reflecting the functions of the job concerned.
(ii) Where the employee refuses a placement in the bargaining unit, the salary of which is at least seventy-five per cent (75%) of the present salary of the employee’s current position, the employee is deemed laid off. The employee will be entitled to severance as follows:
(1) one-half (½) month’s pay, if she has been employed for three years, but less than ten (10) years; one (1) month’s pay if she has been employed for ten (10) years, but less than fifteen (15) years; two (2) months’ pay if she has been employed for fifteen (15) years, but less than twenty (20) years; three (3) months’ pay if she has been employed for twenty (20) years, but less than twenty-five (25) years; four (4) months’ pay if she has been employed for twenty- five (25) years, but less than thirty (30) years; five (5) months’ pay if she has been employed for thirty (30) or more years.
(2) The amount of severance pay provided herein shall be calculated by the formula: bi-weekly rate x twenty-six (26) ÷ twelve (12) = one (1) month rate.
(3) The entitlement of an employee to severance pay shall be based upon the employee’s total service as defined in this Agreement.
Appears in 1 contract
Samples: Collective Agreement
Placement Procedure. (i) If a sufficient number of employees accept the TSP payment offer, the Employer will place the remaining employees whose positions were declared redundant in the vacancies created by the employees accepting the TSP payment offer; offer or other appropriate vacancies. This placement will be by seniority, subject to consideration of ability, experience, qualifications, or the Employer establishing that special skills or qualifications are required according to objective tests or standards reflecting the functions of the job concerned.
(ii) Where the employee refuses a placement in the bargaining unitplacement, the salary of which is at least seventy-seventy- five per cent percent (75%) of the present salary of the employee’s current position, the employee is deemed laid off. The employee will be entitled to severance as follows:
(1) one-half (½) month’s pay, pay if she has been employed for three (3) years, but less than ten (10) years; one (1) month’s pay if she has been employed for ten (10) years, but less than fifteen (15) years; two (2) months’ pay if she has been employed for fifteen (15) years, but less than twenty (20) years; three (3) months’ pay if she has been employed for twenty (20) years, but less than twenty-five (25) years; four (4) months’ pay if she has been employed for twenty- five twenty -five (25) years, but less than thirty (30) years; five (5) months’ pay if she has been employed for thirty (30) or more years.
(2) The amount of severance pay provided herein shall be calculated by the formula: bi-weekly rate x twenty-six (26) ÷ twelve (12) 26 = one (1) month rate.month
(3) The entitlement of an employee to severance pay shall be based upon the employee’s total service as defined in this Agreement.
Appears in 1 contract
Samples: Collective Agreement
Placement Procedure. (i) If a sufficient number of employees Employees accept the TSP payment offer, the Employer will place the remaining employees Employees whose positions were declared redundant in the vacancies created by the employees Employees accepting the TSP payment offer; offer or other appropriate vacancies. This placement will be by seniority, subject to consideration of ability, experience, qualifications, or the Employer establishing that special skills or qualifications are required according to objective tests or standards reflecting the functions of the job concerned.
(ii) Where the employee refuses Employee refuse a placement in the bargaining unitplacement, the salary of which is at least seventy-five per cent percent (75%) of the present salary of the employeeEmployee’s current position, the employee Employee is deemed laid off. The employee Employee will be entitled to severance as follows:
(1) oneOne-half (½1/2) month’s pay, pay if she has been employed for three (3) years, but less than ten (10) years; one One (1) month’s pay if she has been employed for ten (10) years, but less than fifteen (15) years; two (2) Two months’ pay if she has been employed for fifteen (15) years, but less than twenty (20) years; three . Three (3) months’ pay if she has been employed for twenty (20) years, but less than twenty-five (25) years; four (4) Four months’ pay if she has been employed for twenty- five (25) years, but less than thirty (30) years; five (5) months’ pay if she has been employed for thirty (30) or more years.
(2) The amount of severance pay provided herein shall be calculated by the formula: bi-weekly rate x twenty-six (26) ÷ twelve (12) = one (1) month rate.
(3) The entitlement of an employee to severance pay shall be based upon the employee’s total service as defined in this Agreement.five
Appears in 1 contract
Samples: Collective Bargaining Agreement