Common use of Severance and Retirement Options Clause in Contracts

Severance and Retirement Options. Where an employee resigns within days after receiving notice of layoff 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. Where an employee resigns later than days after receiving notice pursuant to article 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 (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. Prior to issuing notice of layoff pursuant to article in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under within the 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 who would otherwise receive notice of layoff under article 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 chooses this option forfeits her right to notice and will receive severance pay on the basis of two (2) weeks' pay for each year of service with the Hospital to a maximum of twenty-six (26) weeks on the basis of the employees normal weekly earnings. In addition, full-time employees will receive a lump sum payment equal to for every year less than age to a maximum of Note: The Hospital may offer any employee a retirement option as A full-time employee who has completed one year of service and whose lay-off is permanent, or who is laid off for weeks in any week period, and who has not elected to receive a severance payment under either (a) or 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 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.

Severance and Retirement Options. Where an employee resigns within days after receiving notice of layoff 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. Where an employee resigns later than days after receiving notice pursuant to article 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 (12I2) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. Prior to issuing notice of layoff pursuant to article in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under within the 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 who would otherwise receive notice of layoff under article 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 chooses this option forfeits her right to notice and will receive severance pay on the basis of two (2) weeks' pay for each year of service with the Hospital to a maximum of twenty-six (26) weeks on the basis of the employees normal weekly earnings. In addition, full-time employees will receive a lump sum payment equal to for every year less than age to a maximum of Note: The Hospital may offer any employee a retirement option as provided above, in order to avoid potential layoffs in the unit. A full-time employee who has completed one year of service and whose lay-off is permanent, or who is laid off for weeks in any week period, and who has not elected to receive a severance payment under either (a) or 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 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.

Severance and Retirement Options. Where an employee resigns within days after receiving notice of layoff 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. Where an employee resigns later than days after receiving notice pursuant to article 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 (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. Prior to issuing notice of layoff pursuant to article in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under within the 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 who would otherwise receive notice of layoff under article 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 chooses this option forfeits her right to notice and will receive severance pay on the basis of two equal to (2) weeks' pay for each year of service with the Hospital to a maximum of twenty-six (26) weeks on the basis of the employees normal weekly earnings. In addition, full-time employees will receive a lump sum payment equal to for every year less than age to a maximum of Note: The Hospital may offer any employee a retirement option as provided above, in order to avoid potential layoffs in the unit. A full-time employee who has completed one year of service and whose lay-off is permanent, or who is laid off for weeks in any week period, and who has not elected to receive a severance payment under either (a) or 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 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.

Severance and Retirement Options. In the event of a layoff affecting the permanent reduction of bargaining unit positions, the parties agree that they will meet to identify the number of positions within a classification that will be eliminated as a result of the layoff. The hospital is not required to make early retirement options available beyond the identified affected classification(s) and this article will not apply subsequent displacements, if any. For the sake of clarity, these severance allowance provisions do not apply to layoffs resulting from internal reorganization where there is no reduction of either full time or part time positions in the bargaining unit. The parties agree that where there is a permanent reduction of positions, employees affected will be entitled to the following options: 1) Where an employee resigns effective within thirty (30) days after receiving notice of layoff lay off pursuant to article the language contained in this agreement (a) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks' weeks salary for each year of continuous service to a maximum of twelve (12) weeks' week’s pay, and, and on production of receipts from an approved educational program, within twelve (12) months of resignation, may shall be reimbursed for tuition fees up to a maximum of three Three thousand dollars ($3,0003,000.00). 2) dollars. Where an employee resigns later than days after receiving Prior to issuing layoff notice pursuant to article that his or her position will be eliminated, he or she shall be entitled the language contained in this agreement 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. Prior to issuing notice of layoff pursuant to article employees in the affected classification in any classification(s) the Hospital hospital will offer early-early retirement allowance to a sufficient number of active employees eligible for early retirement under HOOPP within the affected classification(s) in order of seniority, seniority to the extent that the maximum number of employees within a an affected classification who elect early retirement is equivalent to the number of employees whose positions have been eliminated within the who would otherwise receive notice of layoff under article affected classification. Within thirty (30) days from the date of notice of layoff, an employee who has received notice of layoff of a permanent or long-long term nature in the affected classification 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 her right to notice and will receive severance pay on the basis of two (2) weeks' weeks pay for each year of service with the Hospital hospital to a maximum of twenty-six twenty−six (26) weeks on the basis of the employees employee’s normal weekly earnings. In addition, full-full time employees will receive a lump sum payment equal to of one thousand dollars ($1,000.00) for every year less than age Sixty−five (65), to a maximum of Note: The Hospital may offer any employee a retirement option as A full-time employee who has completed one year of service and whose lay-off is permanent, or who is laid off for weeks in any week period, and who has not elected to receive a severance payment under either five thousand dollars (a) or 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 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$5,000.00).

Severance and Retirement Options. Where an employee resigns within days after receiving notice of layoff 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. Where an employee resigns later than days after receiving notice pursuant to article 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 (122) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. Prior to issuing notice of layoff pursuant to article in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under within the 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 who would otherwise receive notice of layoff under article 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 chooses this option forfeits her right to notice and will receive severance pay on the basis of two (2) weeks' pay for each year of service with with. the Hospital to a maximum of twenty-six (26) weeks on the basis of the employees normal weekly earnings. In addition, full-time employees will receive a lump sum payment equal to for every year less than age to a maximum of Note: The Hospital may offer any employee a retirement option as A full-time employee who has completed one year of service and whose lay-off is permanentprovided above, or who is laid off for weeks in any week period, and who has not elected order to receive a severance payment under either (a) or of this Article, shall be entitled to severance pay equal to avoid potential layoffs in the greater of two weeks' pay, or one week's pay per year of service to a maximum of 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 extinguishedunit.

Severance and Retirement Options. In the event of a layoff affecting the permanent reduction of bargaining unit positions, the parties agree that they will meet to identify the number of positions within a classification that will be eliminated as a result of the layoff. The hospital is not required to make early retirement options available beyond the identified affected classification(s) and this article will not apply subsequent displacements, if any. For the sake of clarity, these severance allowance provisions do not apply to layoffs resulting from internal reorganization where there is no reduction of either full time or part time positions in the bargaining unit. The parties agree that where there is a permanent reduction of positions, employees affected will be entitled to the following options: 1) Where an employee resigns effective within thirty (30) days after receiving notice of layoff lay off pursuant to article the language contained in this agreement (a) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks' weeks salary for each year of continuous service to a maximum of twelve (12) weeks' week’s pay, and, and on production of receipts from an approved educational program, within twelve (12) months of resignation, may shall be reimbursed for tuition fees up to a maximum of three Three thousand dollars ($3,0003,000.00). 2) dollars. Where an employee resigns later than days after receiving Prior to issuing layoff notice pursuant to article that his or her position will be eliminated, he or she shall be entitled the language contained in this agreement 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. Prior to issuing notice of layoff pursuant to article employees in the affected classification in any classification(s) the Hospital hospital will offer early-early retirement allowance to a sufficient number of active employees eligible for early retirement under HOOPP within the affected classification(s) in order of seniority, seniority to the extent that the maximum number of employees within a an affected classification who elect early retirement is equivalent to the number of employees whose positions have been eliminated within the who would otherwise receive notice of layoff under article affected classification. 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 long−term nature in the affected classification 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 her right to notice and will receive severance pay on the basis of two (2) weeks' weeks pay for each year of service with the Hospital hospital to a maximum of twenty-six twenty−six (26) weeks on the basis of the employees employee’s normal weekly earnings. In addition, full-full time employees will receive a lump sum payment equal to of one thousand dollars ($1,000.00) for every year less than age Sixty−five (65), to a maximum of Note: The Hospital may offer any employee a retirement option as A full-time employee who has completed one year of service and whose lay-off is permanent, or who is laid off for weeks in any week period, and who has not elected to receive a severance payment under either five thousand dollars (a) or 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 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$5,000.00).

Severance and Retirement Options. Where an employee resigns within days after receiving notice of layoff 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 (122) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. Where an employee resigns later than days after receiving notice pursuant to article 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 (12( I2) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. Prior to issuing notice of layoff pursuant to article in any classification the Hospital will offer early-retirement allowance earlrement to a sufficient number of employees eligible for early retirement under within the 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 who would otherwise receive notice of layoff under article 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 chooses this option forfeits her right to notice and will receive severance pay on the basis of two (2) weeks' pay for each year of service with the Hospital to a maximum of twenty-six (26) weeks on the basis of the employees normal weekly earnings. In addition, full-time employees will receive a lump sum payment equal to for every year less than age to a maximum of Note: The Hospital may offer any employee a retirement option as provided above, in order to avoid potential layoffs in the unit. A full-time employee who has completed one year of service and whose lay-off is permanent, or who is laid off for weeks in any week period, and who has not elected to receive a severance payment under either (a) or 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 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.

Severance and Retirement Options. Where an employee resigns within days after receiving notice of layoff 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. Where an employee resigns later than days after receiving notice pursuant to article 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 (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. Prior to issuing notice of layoff pursuant to article in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under within the 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 who would otherwise receive notice of layoff under article 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 chooses this option forfeits her right to notice and will receive severance pay on the basis of two (2) weeks' pay for each year of service with the Hospital to a maximum of twenty-six (26) weeks on the basis of the employees normal weekly earnings. In addition, full-time employees will receive a lump sum payment equal to for every year less than age to a maximum of Note: The Hospital may offer any employee a retirement option as provided above, in order to avoid potential layoffs in the unit. A full-time employee who has completed one year of service and whose lay-off is permanent, or who is laid off for weeks in any week period, and who has not elected to receive a severance payment under either (a) or 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 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.

Severance and Retirement Options. Where an employee resigns within days after receiving notice of layoff pursuant to article that his or her position will be eliminated, he or OF 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) dollars3,000)dollars. Where an employee resigns later than days after receiving notice pursuant to article 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 (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars,250)dollars. Prior to issuing notice of layoff pursuant to article in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under within the 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 who would otherwise receive notice of layoff under article 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 chooses this option forfeits her right to notice and will receive severance pay on the basis of two (2) weeks' pay for each year of service with the Hospital to a maximum of twenty-six (26) weeks on the basis of the employees normal weekly earnings. In addition, full-time employees will receive a lump sum payment equal to for every year less than age to a maximum of Note: The Hospital may offer any employee a retirement option as A full-time employee who has completed one year of service and whose lay-off is permanentprovided above, or who is laid off for weeks in any week period, and who has not elected order to receive a severance payment under either (a) or of this Article, shall be entitled to severance pay equal to avoid potential layoffs in the greater of two weeks' pay, or one week's pay per year of service to a maximum of 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 extinguishedunit.