Common use of Severance and Retirement Options Clause in Contracts

Severance and Retirement Options. (i) Where an employee resigns within 30 days after receiving notice of layoff that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks’ salary for each year of continuous service to a maximum of twelve (12) weeks’ pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. (ii) Where an employee resigns later than 30 days after receiving notice of layoff that his or her positions will be eliminated he or she shall be entitled to a separation allowance of four (4) weeks’ salary and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. (b) Prior to issuing notice of layoff in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under the Hospitals’ Pension Plan within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff. An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks’ salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of 26 weeks’ salary, and, in addition, full-time employees shall receive a single lump- sum payment equivalent to $1,000 for each year less than age 65 to a maximum of $5,000 upon retirement. (c) An employee who has completed one year of service and (i) whose layoff is permanent, or (ii) who is laid off for 26 weeks in any 52 week period, and who has not elected to receive a severance payment under either (a) or (b) of this Article, shall be entitled to severance pay equal to the greater of two weeks’ pay or one week’s pay per year of service to a maximum of 26 weeks’ pay. This entitlement shall not be in addition to any entitlement to severance pay under the Employment Standards Act but at the same time, shall not preclude an employee from claiming any greater entitlement which that Act may at some point come to provide. An employee may elect to defer receipt of this severance payment while his or her recall rights are still in effect. Once an employee does opt to receive the severance payment, he or she shall be deemed to have resigned, and his or her recall rights shall be extinguished. For calculation of part time employees’ severance entitlements, including early retirement, the employee’s average weekly hours will be based on an average of their paid hours over the proceeding twelve (12) months.

Appears in 4 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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Severance and Retirement Options. (ia) Where Effective immediately, where an employee resigns within 30 days after receiving notice of layoff pursuant to article 11.01(a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks' salary for each year of continuous service to a maximum of twelve (12) weeks' pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. (iib) Where Effective immediately, where an employee resigns later than 30 days after receiving notice of layoff pursuant to article 11.01(a)(ii) that his or her positions position will be eliminated eliminated, he or she shall be entitled to a separation allowance of four (4) weeks’ salary ' salary, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. (bc) Prior to issuing notice of layoff pursuant to article 11.01(a)(ii) in any classification(s), the Hospital will offer early-early retirement allowance to a sufficient number of employees eligible for early retirement under the Hospitals’ Pension Plan HOOPP within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layofflayoff under article 11.01(a)(ii). An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of 26 weeks' salary, and, in addition, full-time employees shall receive a single lump- lump-sum payment equivalent to $1,000 for each year less than age 65 to a maximum of $5,000 upon retirement. (c) An employee who has completed one year of service and (i) whose layoff is permanent, or (ii) who is laid off for 26 weeks in any 52 week period, and who has not elected to receive a severance payment under either (a) or (b) of this Article, shall be entitled to severance pay equal to the greater of two weeks’ pay or one week’s pay per year of service to a maximum of 26 weeks’ pay. This entitlement shall not be in addition to any entitlement to severance pay under the Employment Standards Act but at the same time, shall not preclude an employee from claiming any greater entitlement which that Act may at some point come to provide. An employee may elect to defer receipt of this severance payment while his or her recall rights are still in effect. Once an employee does opt to receive the severance payment, he or she shall be deemed to have resigned, and his or her recall rights shall be extinguished. For calculation of part time employees’ severance entitlements, including early retirement, the employee’s average weekly hours will be based on an average of their paid hours over the proceeding twelve (12) months.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

Severance and Retirement Options. (i) Where an employee resigns within 30 days after receiving notice of layoff pursuant to article 10.02 (a) (ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks’ salary for each year of continuous service to a maximum of twelve sixteen (1216) weeks’ pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. (ii) Where an employee resigns later than 30 days after receiving notice of layoff pursuant to Article 10.02 (a) (ii) that his or her positions position will be eliminated eliminated, he or she shall be entitled to a separation allowance of four (4) weeks’ salary salary, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. (b) Prior to issuing notice of layoff pursuant to Article 10.02 (a) (ii) in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under the Hospitals’ Pension Plan HOOPP within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff. An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks’ salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of 26 weeks’ salary, and, in addition, layoff under article (a) (ii). c) A full-time employees shall receive a single lump- sum payment equivalent to $1,000 for each year less than age 65 to a maximum of $5,000 upon retirement. (c) An employee who has completed one (1) year of service and (i) whose layoff lay-off is permanent, or (ii) who is laid off for 26 weeks in any 52 week period, and who has not elected to receive a severance payment under either (a) or (b) of this Article, shall be entitled to severance pay equal to the greater of two weeks’ pay pay, or one week’s pay per year of service to a maximum of 26 weeks’ pay. This entitlement shall not be in addition to any entitlement to severance pay under the Employment Standards Act Act, but at the same time, shall not preclude an employee from claiming any greater entitlement which that Act may at some point come to provide. An employee may elect to defer receipt of this severance payment while his or her recall rights are still in effect. Once an employee does opt to receive the severance payment, he or she shall be deemed to have resigned, and his or her recall rights shall be extinguished. For calculation Within thirty (30) days from the date of part time employeesnotice of layoff, an employee who has received notice of layoff of a permanent or long term nature may retire provided that the employee is eligible to retire under the terms of the Hospitals of Ontario Pension Plan. An employee who chooses this option forfeits his/her right to notice and will receive severance pay on the basis of two (2) weeksseverance entitlements, including early retirement, pay for each year of service with the hospital to a maximum of fifty-two (52) weeks on the basis of the employee’s average normal weekly hours will be based on an average of their paid hours over earnings. Note: The Hospital may offer any employee a retirement option as provided above, in order to avoid potential lay-offs in the proceeding twelve (12) monthsunit.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

Severance and Retirement Options. (i) Where an employee resigns within 30 days after receiving notice of layoff that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks’ salary for each year of continuous service to a maximum of twelve (12) weeks’ pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. (ii) . Where an employee resigns later than 30 days after receiving notice of layoff that his or her positions will be eliminated he or she shall be entitled to a separation allowance of four (4) weeks’ salary and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. (b) . Prior to issuing notice of layoff in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under the Hospitals’ Pension Plan within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff. An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks’ salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of 26 weeks’ salary, and, in addition, full-time employees shall receive a single lump- sum payment equivalent to $1,000 for each year less than age 65 to a maximum of $5,000 upon retirement. (c) . An employee who has completed one year of service and (i) and whose layoff is permanent, or (ii) or who is laid off for 26 weeks in any 52 week period, and who has not elected to receive a severance payment under either (a) or (b) of this Article, shall be entitled to severance pay equal to the greater of two weeks’ pay or one week’s pay per year of service to a maximum of 26 weeks’ pay. This entitlement shall not be in addition to any entitlement to severance pay under the Employment Standards Act but at the same time, shall not preclude an employee from claiming any greater entitlement which that Act may at some point come to provide. An employee may elect to defer receipt of this severance payment while his or her recall rights are still in effect. Once an employee does opt to receive the severance payment, he or she shall be deemed to have resigned, and his or her recall rights shall be extinguished. For calculation of part time employees’ severance entitlements, including early retirement, the employee’s average weekly hours will be based on an average of their paid hours over the proceeding twelve (12) months.

Appears in 1 contract

Samples: Collective Agreement

Severance and Retirement Options. (i) Where an employee resigns within 30 days after receiving notice of layoff that his or her their position will be eliminated, he or she they shall be entitled to a separation allowance of two (2) weeks’ salary for each year of continuous service to a maximum of twelve (12) weeks’ pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. (ii) Where an employee resigns later than 30 days after receiving notice of layoff that his or her their positions will be eliminated he or she they shall be entitled to a separation allowance of four (4) weeks’ salary and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. (b) Prior to issuing notice of layoff in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under the Hospitals’ Pension Plan within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff. An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks’ salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of 26 weeks’ salary, and, in addition, full-time employees shall receive a single lump- sum payment equivalent to $1,000 for each year less than age 65 to a maximum of $5,000 upon retirement. (c) An employee who has completed one year of service and (i) whose layoff is permanent, or (ii) who is laid off for 26 weeks in any 52 week period, and who has not elected to receive a severance payment under either (a) or (b) of this Article, shall be entitled to severance pay equal to the greater of two weeks’ pay or one week’s pay per year of service to a maximum of 26 weeks’ pay. This entitlement shall not be in addition to any entitlement to severance pay under the Employment Standards Act but at the same time, shall not preclude an employee from claiming any greater entitlement which that Act may at some point come to provide. An employee may elect to defer receipt of this severance payment while his or her their recall rights are still in effect. Once an employee does opt to receive the severance payment, he or she they shall be deemed to have resigned, and his or her their recall rights shall be extinguished. For calculation of part time employees’ severance entitlements, including early retirement, the employee’s average weekly hours will be based on an average of their paid hours over the proceeding twelve (12) months.

Appears in 1 contract

Samples: Collective Agreement

Severance and Retirement Options. Within the lesser of thirty (i30) days from the date of notice of lay-off or the notice provided for in this Article an employee with more than twelve (12) month’s service with the Hospital who has received notice of lay-off of a permanent or long term nature may resign, forfeiting the right to notice. Such employee will receive the balance of the notice as severance pay. Note: Notice for the purposes of severance pay is to be calculated on the basis of two (2) weeks per year of service to a maximum of twelve (12) weeks. Thus the balance of the notice period referred to above will be the balance of up to twelve (12) weeks as applicable. Where an employee resigns within 30 days after receiving notice of layoff Xxx-off pursuant to article that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks’ salary for each year of continuous service to a maximum of twelve (12) weeks’ pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. (ii) . Where an employee resigns later than 30 days after receiving notice of layoff pursuant to article that his or her positions position will be eliminated eliminated, he or she shall shalt be entitled to a separation allowance of four (4) weeks’ salary salary, and, on production of receipts from an approved educational program, within twelve (122) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250.) dollars. (b) . Allowance Prior to issuing notice of layoff lay-off pursuant to article in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under the Hospitals’ Pension Plan within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layofflay-off under article Within thirty (30) days from the date of notice of lay-off, an employee who has received notice of lay-off of a permanent or long-term nature may retire provided that the employee is eligible to retire under the terms of the Hospitals of Ontario Pension Plan. An employee who elects an early retirement chooses this option shall receive, following completion of forfeits her right to notice and will receive severance pay on the last day of work, a retirement allowance basis of two (2) weeks’ salary pay for each year of service, plus a prorated amount for any additional partial year of service, with the Hospital to a maximum ceiling of 26 weeks’ salary, and, in twenty-six (26) weeks on the basis of the employees normal weekly earnings. In addition, full-time employees shall will receive a single lump- lump sum payment equivalent equal to $1,000 for each every year less than age 65 to a maximum of $5,000 upon retirement. (c) Note: The Hospital may offer any employee a retirement option as An employee who has completed one year of service and (i) and whose layoff lay-off is permanent, or (ii) or who is laid off for 26 weeks in any 52 week period, and who has not elected to receive a severance payment under either (a) or (b) of or this Article, shall be entitled to severance pay equal to the greater of two weeks' pay or one week’s weeks' pay per year of service to a maximum of 26 weeks’ weeks pay. This entitlement shall not be in addition to any entitlement to severance pay under the Employment Standards Act Act, but at the same time, time shall not preclude an employee from claiming any greater entitlement which that Act act may at some point come to provide. An employee may elect to defer receipt of this severance payment while his or her recall rights are still in effect. Once an employee does opt to receive the severance payment, he or she shall be deemed to have resigned, and his or her recall rights shall be extinguished. The central parties agree to establish Regional Staff Planning Committees to facilitate the redeployment of laid off employees among the Participating Hospitals. To achieve this objective the Hospital Staff Planning Committee will forward to the Regional Staff Planning Committee a list of the and addresses of laid off employees who have expressed an interest in working at other Participating Hospitals and who have undertaken skills assessment procedures provided by any government training agency, such as that may be in place. In filling vacancies not filled by bargaining unit members the Hospitals are encouraged to give first consideration to laid off employees who are on the list and who are qualified to the work. For calculation benefit-entitlement purposes, it is recognized that hospitals shall be free to grant to any employees hired through this process full credit for service earned with another hospital. The size, structure composition, and activities of part time employees’ severance entitlements, including early retirement, the employee’s average weekly hours each Committee will be based on an average mutually determined by the parties and application will be made to any available funding source for the funding of their paid hours over the proceeding twelve (12) months.administrative expenses. Lay-off and Recall

Appears in 1 contract

Samples: Collective Agreement

Severance and Retirement Options. (i) Where an employee resigns within 30 days after receiving notice of layoff pursuant to article 11.02 (b) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks' salary for each year of continuous service to a maximum of twelve (12) weeks' pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. (ii) Where an employee resigns later than 30 days after receiving notice of layoff pursuant to article 10.02(b) that his or her positions position will be eliminated eliminated, he or she shall be entitled to a separation allowance of four (4) weeks’ salary ' salary, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. (b) Prior to issuing notice of layoff pursuant to article 10.02(b) in any classification(s), the Hospital Employer will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under the Hospitals’ Pension Plan their pension plan within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff under article 11.02(b). Within thirty (30) days from the date of notice of layoff, an employee who has received notice of layoff of a permanent or long-term nature may retire provided that the employee is eligible to retire under the terms of the OMERS Pension Plan. An employee who elects an early retirement chooses this option shall receive, following completion of forfeits her right to notice and will receive severance pay on the last day of work, a retirement allowance basis of two (2) weeks’ salary pay for each year of service, plus a prorated amount for any additional partial year of service, service with the Employer to a maximum ceiling of 26 weeks’ salary, and, in twenty-six (26) weeks on the basis of the employee’s normal weekly earnings. In addition, full-time employees shall will receive a single lump- lump sum payment equivalent equal to $1,000 1,000.00 for each every year less than age 65 65, to a maximum of $5,000 upon retirement5,000.00. (c) An employee who has completed one year of service and (i) whose layoff is permanent, or (ii) who is laid off for 26 weeks in any 52 week period, and who has not elected to receive a severance payment under either (a) or (b) of this Article, shall be entitled to severance pay equal to the greater of two weeks’ pay or one week’s pay per year of service to a maximum of 26 weeks’ pay. This entitlement shall not be in addition to any entitlement to severance pay under the Employment Standards Act but at the same time, shall not preclude an employee from claiming any greater entitlement which that Act may at some point come to provide. An employee may elect to defer receipt of this severance payment while his or her recall rights are still in effect. Once an employee does opt to receive the severance payment, he or she shall be deemed to have resigned, and his or her recall rights shall be extinguished. For calculation of part time employees’ severance entitlements, including early retirement, the employee’s average weekly hours will be based on an average of their paid hours over the proceeding twelve (12) months.

Appears in 1 contract

Samples: Collective Agreement

Severance and Retirement Options. (i) Where an employee resigns within 30 days after receiving notice of layoff that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks’ salary for each year of continuous service to a maximum of twelve (12) weeks’ pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. (ii) Where an employee resigns later than 30 days after receiving notice of layoff that his or her positions will be eliminated he or she shall be entitled to a separation allowance of four (4) weeks’ salary and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. (b) Prior to issuing notice of layoff in any classification(s), the Hospital will offer early-early- retirement allowance to a sufficient number of employees eligible for early retirement under the Hospitals’ Pension Plan within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff. An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks’ salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of 26 weeks’ salary, and, in addition, full-time employees shall receive a single lump- sum payment equivalent to $1,000 for each year less than age 65 to a maximum of $5,000 upon retirement. (c) An employee who has completed one year of service and (i) whose layoff is permanent, or (ii) who is laid off for 26 weeks in any 52 week period, and who has not elected to receive a severance payment under either (a) or (b) of this Articlearticle, shall be entitled to severance pay equal to the greater of two weeks' pay or one week’s weeks' pay per year of service to a maximum of 26 weeks’ weeks pay. This entitlement shall not be in addition to any entitlement to severance pay under the Employment Standards Act but at the same time, shall not preclude an employee from claiming any greater entitlement which that Act may at some point come to provide. An employee may elect to defer receipt of this severance payment while his or her recall rights are still in effect. Once an employee does opt to receive the severance payment, he or she shall be deemed to have resigned, and his or her recall rights shall be extinguished. For calculation of part time employees’ severance entitlements, including early retirement, the employee’s average weekly hours will be based on an average of their paid hours over the proceeding preceding twelve (12) months.

Appears in 1 contract

Samples: Collective Agreement

Severance and Retirement Options. (i) Where an employee resigns within 30 days after receiving notice of layoff pursuant to article (a) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks’ salary for each year of continuous service to a maximum of twelve sixteen (1216) weeks’ pay, and, on production of receipts from an approved educational program, within twelve (122) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. (ii) . Where an employee resigns later than 30 days after receiving notice of layoff pursuant to Article (a) that his or her positions position will be eliminated eliminated, he or she shall be entitled to a separation allowance of four (4) weeks’ salary salary, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. (b) . Prior to issuing notice of layoff pursuant to article in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under the Hospitals’ Pension Plan within the classification(s) in order of seniority, to the extent that the maximum number Within thirty (30) days from the date of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layofflay-off, an employee who has received notice of lay-off of a permanent or long-term nature may retire provided that the employee is eligible to retire under the terms of the Hospitals of Ontario Pension Plan. An employee who elects an early retirement chooses this option shall receive, following completion of forfeits right to notice and will receive severance pay on the last day of work, a retirement allowance basis of two (2) weeks’ salary pay for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of 26 weeks’ salary, and, in addition, full-time employees shall receive a single lump- sum payment equivalent to $1,000 for each year less than age 65 service with the Hospital to a maximum of $5,000 upon retirementfifty-two (52) weeks on the basis of the employees normal weekly earnings. (c) An employee who has completed one year of service and (i) whose layoff is permanent, or (ii) who is laid off for 26 weeks in any 52 week period, and who has not elected to receive a severance payment under either (a) or (b) of this Article, shall be entitled to severance pay equal to the greater of two weeks’ pay or one week’s pay per year of service to a maximum of 26 weeks’ pay. This entitlement shall not be in addition to any entitlement to severance pay under the Employment Standards Act but at the same time, shall not preclude an employee from claiming any greater entitlement which that Act may at some point come to provide. An employee may elect to defer receipt of this severance payment while his or her recall rights are still in effect. Once an employee does opt to receive the severance payment, he or she shall be deemed to have resigned, and his or her recall rights shall be extinguished. For calculation of part time employees’ severance entitlements, including early retirement, the employee’s average weekly hours will be based on an average of their paid hours over the proceeding twelve (12) months.

Appears in 1 contract

Samples: Collective Agreement

Severance and Retirement Options. (i) Where an employee resigns within 30 days after receiving notice of layoff that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks’ salary for each year of continuous service to a maximum of twelve (12) weeks’ pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. (ii) . Where an employee resigns later than 30 days after receiving notice of layoff that his or her positions will be eliminated he or she shall be entitled to a separation allowance of four (4) weeks’ salary and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. (b) . Prior to issuing notice of layoff in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under the Hospitals’ Pension Plan within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff. An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks’ salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of 26 weeks’ salary, and, in addition, full-time employees shall receive a single lump- sum payment equivalent to $1,000 for each year less than age 65 to a maximum of $5,000 upon retirement. (c) . An employee who has completed one year of service and (i) and whose layoff is permanent, or (ii) or who is laid off for 26 weeks in any 52 week period, and who has not elected to receive a severance payment under either (a) or (b) of this Article, shall be entitled to severance pay equal to the greater of two weeks’ pay or one week’s week‘s pay per year of service to a maximum of 26 weeks’ pay. This entitlement shall not be in addition to any entitlement to severance pay under the Employment Standards Act but at the same time, shall not preclude an employee from claiming any greater entitlement which that Act may at some point come to provide. An employee may elect to defer receipt of this severance payment while his or her recall rights are still in effect. Once an employee does opt to receive the severance payment, he or she shall be deemed to have resigned, and his or her recall rights shall be extinguished. For calculation of part time employees’ severance entitlements, including early retirement, the employee’s average weekly hours will be based on an average of their paid hours over the proceeding twelve (12) months.

Appears in 1 contract

Samples: Collective Agreement

Severance and Retirement Options. (i) Where an employee resigns within 30 days after receiving notice of layoff pursuant to article 11.02 (b) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks' salary for each year of continuous service to a maximum of twelve (12) weeks' pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. (ii) Where an employee resigns later than 30 days after receiving notice of layoff pursuant to article 10.02(b) that his or her positions position will be eliminated eliminated, he or she shall be entitled to a separation allowance of four (4) weeks’ salary ' salary, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. (b) Prior to issuing notice of layoff pursuant to article 10.02(b) in any classification(s), the Hospital Employer will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under the Hospitals’ Pension Plan their pension plan within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff under article 11.02(b). Within thirty (30) days from the date of notice of layoff, an employee who has received notice of layoff of a permanent or long-term nature may retire provided that the employee is eligible to retire under the terms of the OMERS Pension Plan. An employee who elects an early retirement chooses this option shall receive, following completion of forfeits her right to notice and will receive severance pay on the last day of work, a retirement allowance basis of two (2) weeks’ salary pay for each year of service, plus a prorated amount for any additional partial year of service, service with the Employer to a maximum ceiling of 26 weeks’ salary, and, in twenty-six (26) weeks on the basis of the employees normal weekly earnings. In addition, full-time employees shall will receive a single lump- lump sum payment equivalent equal to $1,000 1,000.00 for each every year less than age 65 65, to a maximum of $5,000 upon retirement5,000.00. (c) An employee who has completed one year of service and (i) whose layoff is permanent, or (ii) who is laid off for 26 weeks in any 52 week period, and who has not elected to receive a severance payment under either (a) or (b) of this Article, shall be entitled to severance pay equal to the greater of two weeks’ pay or one week’s pay per year of service to a maximum of 26 weeks’ pay. This entitlement shall not be in addition to any entitlement to severance pay under the Employment Standards Act but at the same time, shall not preclude an employee from claiming any greater entitlement which that Act may at some point come to provide. An employee may elect to defer receipt of this severance payment while his or her recall rights are still in effect. Once an employee does opt to receive the severance payment, he or she shall be deemed to have resigned, and his or her recall rights shall be extinguished. For calculation of part time employees’ severance entitlements, including early retirement, the employee’s average weekly hours will be based on an average of their paid hours over the proceeding twelve (12) months.

Appears in 1 contract

Samples: Collective Agreement

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Severance and Retirement Options. (i) Where an employee resigns within 30 thirty (30) days after receiving notice of layoff pursuant to Article 10.02(a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks’ salary for each year of continuous service to a maximum of twelve sixteen (1216) weeks’ weeks pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,0003000.) dollars. (ii) Where an employee resigns later than 30 thirty (30) days after receiving notice of layoff pursuant to Article 10.02(a)(ii) that his or her positions position will be eliminated eliminated, he or she shall be entitled to a separation allowance of four (4) weeks’ salary salary, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250.) dollars. (b) Prior to issuing notice of layoff pursuant to Article 10.02(a)(ii) in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under the Hospitals’ Pension Plan HOOPP within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who classification(s)who would otherwise receive notice of layofflayoff under Article 10.02(a)(ii). Within thirty (30) days from the date of notice of lay-off, an employee who has received notice of lay-off of a permanent or long-term nature may retire provided that the employee is eligible to retire under the terms of the Hospitals of Ontario Pension Plan. An employee who elects an early retirement chooses this option shall receive, following completion of forfeits her right to notice and will receive severance pay on the last day of work, a retirement allowance basis of two (2) weeks’ salary pay for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of 26 weeks’ salary, and, in addition, full-time employees shall receive a single lump- sum payment equivalent to $1,000 for each year less than age 65 service with the Hospital to a maximum of $5,000 upon retirement. fifty-two (c52) An employee who has completed one year weeks on the basis of service and (i) whose layoff is permanent, or (ii) who is laid off for 26 weeks in any 52 week period, and who has not elected to receive a severance payment under either (a) or (b) of this Article, shall be entitled to severance pay equal to the greater of two weeks’ pay or one week’s pay per year of service to a maximum of 26 weeks’ pay. This entitlement shall not be in addition to any entitlement to severance pay under the Employment Standards Act but at the same time, shall not preclude an employee from claiming any greater entitlement which that Act may at some point come to provide. An employee may elect to defer receipt of this severance payment while his or her recall rights are still in effect. Once an employee does opt to receive the severance payment, he or she shall be deemed to have resigned, and his or her recall rights shall be extinguished. For calculation of part time employees’ severance entitlements, including early retirement, the employee’s average normal weekly hours will be based on an average of their paid hours over the proceeding twelve (12) monthsearnings.

Appears in 1 contract

Samples: Collective Agreement

Severance and Retirement Options. (i) Where an employee resigns within 30 days after receiving notice of layoff that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks’ salary for each year of continuous service to a maximum of twelve (12) weeks’ pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. (ii) . Where an employee resigns later than 30 days after receiving notice of layoff that his or her positions will be eliminated he or she shall be entitled to a separation allowance of four (4) weeks’ salary and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. (b) . Prior to issuing notice of layoff in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under the Hospitals’ Pension Plan within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff. An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks’ salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of 26 weeks’ salary, and, in addition, full-time employees shall receive a single lump- sum payment equivalent to $1,000 for each year less than age 65 to a maximum of $5,000 upon retirement. (c) . An employee who has completed one year of service and (i) and whose layoff is permanent, or (ii) or who is laid off for 26 weeks in any 52 week period, and who has not elected to receive a severance payment under either (a) or (b) of this Article, shall be entitled to severance pay equal to the greater of two weeks’ pay or one week’s week‘s pay per year of service to a maximum of 26 weeks’ pay. This entitlement shall not be in addition to any entitlement to severance pay under the Employment Standards Act but at the same time, shall not preclude an employee from claiming any greater entitlement which that Act may at some point come to provide. An employee may elect to defer receipt of this severance payment while his or her recall rights are still in effect. Once an employee does opt to receive the severance payment, he or she shall be deemed to have resigned, and his or her recall rights shall be extinguished. For calculation of part time employees’ severance entitlements, including early retirement, the employee’s average weekly hours will be based on an average of their paid hours over the proceeding twelve (12) months.

Appears in 1 contract

Samples: Collective Agreement

Severance and Retirement Options. (i) Where an employee resigns within 30 days after receiving notice of layoff that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks’ salary for each year of continuous service to a maximum of twelve (12) weeks’ pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. (ii) Where an employee resigns later than 30 days after receiving notice of layoff that his or her positions will be eliminated he or she shall be entitled to a separation allowance of four (4) weeks’ salary and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. (b) Prior to issuing notice of layoff in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under the Hospitals’ Pension Plan within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff. An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks’ salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of 26 weeks’ salary, and, in addition, full-time employees shall receive a single lump- sum payment equivalent to $1,000 for each year less than age 65 to a maximum of $5,000 upon retirement. (c) An employee who has completed one year of service and (i) whose layoff is permanent, or (ii) who is laid off for 26 weeks in any 52 week period, and who has not elected to receive a severance payment under either (a) or (b) of this Article, shall be entitled to severance pay equal to the greater of two weeks’ pay or one week’s pay per year of service to a maximum of 26 weeks’ pay. This entitlement shall not be in addition to any entitlement to severance pay under the Employment Standards Act but at the same time, shall not preclude an employee from claiming any greater entitlement which that Act may at some point come to provide. An employee may elect to defer receipt of this severance payment while his or her recall rights are still in effect. Once an employee does opt to receive the severance payment, he or she shall be deemed to have resigned, and his or her recall rights shall be extinguished. For calculation of part time employees’ severance entitlements, including early retirement, the employee’s average weekly hours will be based on an average of their paid hours over the proceeding twelve (12) months.

Appears in 1 contract

Samples: Collective Agreement

Severance and Retirement Options. Insert the following standard language. Where the collective agreement provides otherwise and the parties cannot agree to the standard language, the existing provision will be maintained as non-standard language. Any non-standard provision related to Severance and Retirement Options is to be continued under 10.03. (i) Where an employee resigns within 30 days after receiving notice of layoff pursuant to article 10.02 (a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks' salary for each year of continuous service to a maximum of twelve (12) weeks' pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. (ii) Where an employee resigns later than 30 days after receiving notice of layoff pursuant to article 10.02(a)(ii) that his or her positions position will be eliminated eliminated, he or she shall be entitled to a separation allowance of four (4) weeks’ salary ' salary, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. (b) Prior to issuing notice of layoff pursuant to article 10.02(a)(ii) in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under the Hospitals’ Pension Plan HOOPP within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff under article 10.02(a)(ii). Within thirty (30) days from the date of notice of layoff, an employee who has received notice of layoff of a permanent or long-term nature may retire provided that the employee is eligible to retire under the terms of the Hospitals of Ontario Pension Plan. An employee who elects an early retirement chooses this option shall receive, following completion of forfeits her right to notice and will receive severance pay on the last day of work, a retirement allowance basis of two (2) weeks’ salary pay for each year of service, plus a prorated amount for any additional partial year of service, service with the Hospital to a maximum ceiling of 26 weeks’ salary, and, in twenty-six (26) weeks on the basis of the employees normal weekly earnings. In addition, full-time employees shall will receive a single lump- lump sum payment equivalent equal to $1,000 1,000.00 for each every year less than age 65 65, to a maximum of $5,000 upon retirement5,000.00. (c) An employee who has completed one year of service and (i) whose layoff is permanent, or (ii) who is laid off for 26 weeks in any 52 week period, and who has not elected to receive a severance payment under either (a) or (b) of this Article, shall be entitled to severance pay equal to the greater of two weeks’ pay or one week’s pay per year of service to a maximum of 26 weeks’ pay. This entitlement shall not be in addition to any entitlement to severance pay under the Employment Standards Act but at the same time, shall not preclude an employee from claiming any greater entitlement which that Act may at some point come to provide. An employee may elect to defer receipt of this severance payment while his or her recall rights are still in effect. Once an employee does opt to receive the severance payment, he or she shall be deemed to have resigned, and his or her recall rights shall be extinguished. For calculation of part time employees’ severance entitlements, including early retirement, the employee’s average weekly hours will be based on an average of their paid hours over the proceeding twelve (12) months.

Appears in 1 contract

Samples: Collective Agreement

Severance and Retirement Options. (i) Where an employee resigns within 30 days after receiving notice of layoff that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks’ weeksí salary for each year of continuous service to a maximum of twelve (12) weeks’ weeksí pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. (ii) Where an employee resigns later than 30 days after receiving notice of layoff that his or her positions will be eliminated he or she shall be entitled to a separation allowance of four (4) weeks’ weeksí salary and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. (b) Prior to issuing notice of layoff in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under the Hospitals’ Hospitalsí Pension Plan within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff. An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks’ weeksí salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of 26 weeks’ weeksí salary, and, in addition, full-time employees shall receive a single lump- lump-sum payment equivalent to $1,000 for each year less than age 65 to a maximum of $5,000 upon retirement. (c) An employee who has completed one year of service and (i) whose layoff is permanent, or (ii) who is laid off for 26 weeks in any 52 week period, and who has not elected to receive a severance payment under either (a) or (b) of this Article, shall be entitled to severance pay equal to the greater of two weeks' pay or one week’s weeks' pay per year of service to a maximum of 26 weeks’ weeks pay. This entitlement shall not be in addition to any entitlement to severance pay under the Employment Standards Act but at the same time, shall not preclude an employee from claiming any greater entitlement which that Act may at some point come to provide. An employee may elect to defer receipt of this severance payment while his or her recall rights are still in effect. Once an employee does opt to receive the severance payment, he or she shall be deemed to have resigned, and his or her recall rights shall be extinguished. For calculation of part time employees’ employeesí severance entitlements, including early retirement, the employee’s employeeís average weekly hours will be based on an average of their paid hours over the proceeding preceding twelve (12) months.

Appears in 1 contract

Samples: Collective Agreement

Severance and Retirement Options. (ia) Where Effective immediately, where an employee resigns within 30 days after receiving notice of layoff pursuant to article 11.01(a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks' salary for each year of continuous service to a maximum of twelve (12) weeks' pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. (iib) Where Effective immediately, where an employee resigns later than 30 days after receiving notice of layoff pursuant to article 11.01 (a)(ii) that his or her positions position will be eliminated eliminated, he or she shall be entitled to a separation allowance of four (4) weeks’ salary ' salary, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. (bc) Prior to issuing notice of layoff pursuant to article 11.01 (a) (ii) in any classification(s), the Hospital will offer early-early retirement allowance to a sufficient number of employees eligible for early retirement under the Hospitals’ Pension Plan HOOPP within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layofflayoff under article 11.01(a)(ii). An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of 26 weeks' salary, and, in addition, full-time employees shall receive a single lump- lump-sum payment equivalent to $1,000 for each year less than age 65 to a maximum of $5,000 upon retirement. (c) An employee who has completed one year of service and (i) whose layoff is permanent, or (ii) who is laid off for 26 weeks in any 52 week period, and who has not elected to receive a severance payment under either (a) or (b) of this Article, shall be entitled to severance pay equal to the greater of two weeks’ pay or one week’s pay per year of service to a maximum of 26 weeks’ pay. This entitlement shall not be in addition to any entitlement to severance pay under the Employment Standards Act but at the same time, shall not preclude an employee from claiming any greater entitlement which that Act may at some point come to provide. An employee may elect to defer receipt of this severance payment while his or her recall rights are still in effect. Once an employee does opt to receive the severance payment, he or she shall be deemed to have resigned, and his or her recall rights shall be extinguished. For calculation of part time employees’ severance entitlements, including early retirement, the employee’s average weekly hours will be based on an average of their paid hours over the proceeding twelve (12) months.

Appears in 1 contract

Samples: Collective Agreement

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