Common use of Severance and Retirement Options Clause in Contracts

Severance and Retirement Options. x. Xxxxxxxxx Pay Within the lesser of thirty (30) days from the date of notice of layoff or the notice provided above an employee with more than twelve (12) months service with the Hospital who has received notice of layoff of a permanent or long-term nature may resign, forfeiting the right to notice. Such employees will receive the balance of the notice as severance pay.

Severance and Retirement Options. x. Xxxxxxxxx Pay Within the lesser of thirty (30) days from the date of notice of layoff or the notice provided above an employee with more than twelve (12) months service with the Hospital Employer who has received notice of layoff of a permanent or long-long- term nature may resign, forfeiting the right to notice. Such employees will receive the balance of the notice as severance pay.

Severance and Retirement Options. x. Xxxxxxxxx Pay Severance Within the lesser of thirty (30) days from the date of notice of layoff or the notice provided above above, an employee with more than twelve (12) months service with the Hospital who has received notice of layoff of a permanent or long-term nature may resign, forfeiting the right to notice. Such employees will receive the balance of the notice as severance pay.

Severance and Retirement Options. x. Xxxxxxxxx Pay Within the lesser of thirty (30) days from the date of notice of layoff or the notice provided above an employee with more than twelve (12) months service with the Hospital Employer who has received notice of layoff of a permanent or long-term nature may resign, forfeiting the right to notice. Such employees will receive the balance of the notice as severance pay.

Severance and Retirement Options. x. Xxxxxxxxx Severance Pay Within the lesser of thirty (30) days from the date of notice of layoff lay-off or the notice provided above an employee with more than twelve (12) months months' service with the Hospital who has received notice of layoff lay-off of a permanent or long-term nature may resign, forfeiting the right to notice. Such employees will receive the balance two (2) weeks pay per year of the notice as severance payservice to a maximum of sixteen weeks.