RETRAINING/JOB SECURITY. 12.2.1 Employees becoming redundant due to technological change as defined above shall be retrained to qualify for a new position or an existing vacant position, if retraining for such position shall be accomplished within three (3) months. By mutual agreement, the time may be extended. Prior to the expiry of the 3 months' notice period, the employee may take the option of receiving severance pay as described below. 12.2.2 Cost of the retraining shall be the responsibility of the Institution. 12.2.3 In the event that the Institute cannot retrain an employee, or if the employee elects, the affected employee shall receive one (1) month’s severance pay for the first five (5) years of service and one (1) additional month's pay for every full year of service thereafter, up to a maximum of six months’ pay.
Appears in 3 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
RETRAINING/JOB SECURITY.
12.2.1 Employees becoming redundant due to technological change as defined above shall be retrained to qualify for a new position or an existing vacant position, if retraining for such position shall be accomplished within three (3) months. By mutual agreement, the time may be extended. Prior to the expiry of the 3 months' notice period, the employee may take the option of receiving severance pay as described below.
12.2.2 Cost of the retraining shall be the responsibility of the InstitutionEmployer.
12.2.3 In the event that the Institute Employer cannot retrain an employee, or if the employee elects, the affected employee shall receive one (1) month’s severance pay for the first five (5) years of service and one (1) additional month's pay for every full year of service thereafter, up to a maximum of six months’ pay.
Appears in 1 contract
Samples: Collective Agreement
RETRAINING/JOB SECURITY. 12.2.1 Employees becoming redundant due to technological change as defined above above, shall be retrained to qualify for a new position or an existing vacant position, if retraining for such position shall be accomplished within three (3) months. By mutual agreement, the time may be extended. Prior to the expiry of the 3 months' notice period, the employee may take the option of receiving severance pay as described below.
12.2.2 Cost of the retraining shall be the responsibility of the Institution.
12.2.3 In the event that the Institute cannot retrain an employee, or if the employee elects, the affected employee shall receive one (1) month’s severance pay for the first five (5) years of service and one one
(1) additional month's pay for every full year of service thereafter, up to a maximum of six months’ pay.
Appears in 1 contract
Samples: Collective Agreement
RETRAINING/JOB SECURITY. 12.2.1 Employees becoming redundant due to technological change as defined above shall be retrained to qualify for a new position or an existing vacant position, if retraining for such position shall be accomplished within three (3) months. By mutual agreement, the time may be extended. Prior to the expiry of the 3 months' notice period, the employee may take the option of receiving severance pay as described below.
12.2.2 Cost of the retraining shall be the responsibility of the InstitutionEmployer.
12.2.3 In the event that the Institute Employer cannot retrain an employee, or if the employee elects, the affected employee shall receive one (1) month’s severance pay for the first five (5) years of service and one (1) additional month's pay for every full year of service thereafter, up to a maximum of six months’ pay.
Appears in 1 contract
Samples: Collective Agreement
RETRAINING/JOB SECURITY. 12.2.1 Employees becoming redundant due to technological change as defined above shall be retrained to qualify for a new position or an existing vacant position, if retraining for such position shall be accomplished within three (3) months. By mutual agreement, the time may be extended. Prior to the expiry of the 3 months' notice period, the employee may take the option of receiving severance pay as described below.
12.2.2 Cost of the retraining shall be the responsibility of the Institution.
12.2.3 In the event that the Institute cannot retrain an employee, or if the employee elects, the affected employee shall receive one (1) month’s severance pay for the first five (5) years of service and one one
(1) additional month's pay for every full year of service thereafter, up to a maximum of six months’ pay.
Appears in 1 contract
Samples: Collective Agreement