REPAYMENT OF SEVERANCE ALLOWANCE. 1. If a worker who has received a severance allowance is reemployed one year of the effective date of layoff in a position covered by this Agreement, the worker shall repay the severance pay received less the difference, if any, between the base pay the worker would have received but for the layoff and the interim earnings of the worker during the period of layoff (including whatever unemployment compensation the worker received). The employee shall make the repayment on a reasonable schedule agreed to by the parties, through payroll deductions or a direct payment by the employee. 2. If the worker is reemployed in a position requiring less than full-time work, the worker shall not be required to repay more than that fraction of the sum (derived from the preceding sentence) which corresponds to the ratio of
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
