Selection of Option. (a) The employer will advise the employee of his/her years of continuous employment no later than three (3) months following the cessation of severance benefits for resignation and retirement. (b) The employee shall advise the Employer of the term of payment option selected within six (6) months from the cessation of severance benefits for resignation and retirement. (c) The employee who opts for the option described in 17.05(b) must specify the number of completed weeks to be paid out pursuant to 17.05(a) and the remainder to be paid out pursuant to 17.05(c).
Appears in 5 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
