Common use of Severance and Retirement Options Clause in Contracts

Severance and Retirement Options. (i) Where an employee resigns within 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 sixteen (16) 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 thirty (30) days after receiving notice 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 four (4) weeks’ salary and, on production of receipts from an approved educational program, within twelve

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

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Severance and Retirement Options. (i) Where an employee resigns within thirty (30) days after receiving notice of layoff lay-off pursuant to article 10.02(a)(ii10.02 (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 sixteen (16) weeks’ pay, and 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 thirty (30) days after receiving notice pursuant to Article article 10.02(a)(ii) that his or her position will be 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

Appears in 1 contract

Samples: Collective Agreement

Severance and Retirement Options. (i) Where an employee resigns within thirty (30) days after receiving notice of layoff lay-off 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 sixteen (16) weeks’ pay, and 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 thirty (30) days after receiving notice pursuant to Article 10.02(a)(ii) article that his or her position will be 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

Appears in 1 contract

Samples: Collective Agreement

Severance and Retirement Options. (i) Where an employee resigns within thirty (30) 30 days after receiving notice of layoff pursuant to article 10.02(a)(ii10.02(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 sixteen twelve (1612) weeks’ pay, and 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 thirty (30) 30 days after receiving notice pursuant to Article 10.02(a)(iiarticle 10.01 (ii) that his or her position will be 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

Appears in 1 contract

Samples: Collective Agreement

Severance and Retirement Options. (i) Where an employee resigns within thirty (30) days after receiving notice of layoff lay-off 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 sixteen twelve (1612) weeks’ pay, and 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 thirty (30) days after receiving notice pursuant to Article 10.02(a)(ii) article that his or her position will be 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

Appears in 1 contract

Samples: Collective Agreement

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Severance and Retirement Options. (i) Where an employee resigns within 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 sixteen (16) weeks' pay, and 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 thirty (30) days after receiving notice pursuant to Article 10.02(a)(ii) article that his or her position will be 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

Appears in 1 contract

Samples: Collective Agreement

Severance and Retirement Options. (i) Where an employee resigns within 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 sixteen (16) twelve weeks' pay, and 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 thirty (30) days after receiving notice pursuant to Article 10.02(a)(ii) article that his or her position will be 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

Appears in 1 contract

Samples: Collective Agreement

Severance and Retirement Options. (i) Where an employee resigns within thirty (30) 30 days after receiving notice of layoff pursuant to article 10.02(a)(ii10.02 (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 sixteen twelve (1612) weeks' pay, and 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 thirty (30) 30 days after receiving notice pursuant to Article article 10.02(a)(ii) that his or her position will be 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

Appears in 1 contract

Samples: Collective Agreement

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