Common use of Severance and Retirement Options Clause in Contracts

Severance and Retirement Options. (a) Within the lesser of thirty (30) 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 days after receiving notice of 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. Where an employee resigns later than days after receiving notice pursuant to article that his or her position will be eliminated, he or she shalt be entitled to a separation allowance of four (4) weeks’ salary, and, on production of receipts from an approved educational program, within twelve 2) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250.) dollars. Allowance Prior to issuing notice of lay-off 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 lay-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 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 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 lay-offs in the unit. An 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 or this Article, shall be entitled to severance pay equal to the greater of two weeks' pay or one weeks' 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. Staff Committees 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 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 each Committee will be mutually determined by the parties and application will be made to any available funding source for the funding of administrative expenses. Lay-off and Recall

Severance and Retirement Options. (a) Within the lesser of thirty (30) 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 days after receiving notice of Xxx-off pursuant to article 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. Where an employee resigns later than days after receiving notice pursuant to article of layoff that his or her position positions will be eliminated, eliminated he or she shalt 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 2(12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250.) dollars. Allowance Prior to issuing notice of lay-off pursuant to article layoff in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under the Hospitals’ Pension Plan 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 lay-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 Planlayoff. An employee who chooses this elects an early retirement option forfeits her right to notice and will receive severance pay on shall receive, following completion of the basis last day of work, a retirement allowance of two (2) weeks’ pay salary for each year of with the Hospital service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of twenty-six (26) weeks on the basis of the employees normal weekly earnings. In weeks’ salary, and, in addition, full-time employees will shall receive a lump single lump- sum payment equal equivalent to for every each 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 lay-offs in the unitupon retirement. An employee who has completed one year of service and whose lay-off layoff 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 or of this Article, shall be entitled to severance pay equal to the greater of two weeks' ’ pay or one weeks' week‘s pay per year of service to a maximum of 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. Staff Committees The central parties agree to establish Regional Staff Planning Committees to facilitate For calculation of part time employees’ severance entitlements, including early retirement, 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 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 each Committee employee’s average weekly hours will be mutually determined by based on an average of their paid hours over the parties and application will be made to any available funding source for the funding of administrative expenses. Lay-off and Recallproceeding twelve (12) months.

Severance and Retirement Options. (a) Within the lesser of thirty (30) 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 days after receiving notice of Xxx-off pursuant to article 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. Where an employee resigns later than days after receiving notice pursuant to article of layoff that his or her position positions will be eliminated, eliminated he or she shalt 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 2(12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250.) dollars. Allowance Prior to issuing notice of lay-off pursuant to article layoff in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under the Hospitals’ Pension Plan 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 lay-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 Planlayoff. An employee who chooses this elects an early retirement option forfeits her right to notice and will receive severance pay on shall receive, following completion of the basis last day of work, a retirement allowance of two (2) weeks’ pay salary for each year of with the Hospital service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of twenty-six (26) weeks on the basis of the employees normal weekly earnings. In weeks’ salary, and, in addition, full-time employees will shall receive a lump single sum payment equal equivalent to for every each 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 lay-offs in the unitupon retirement. An employee who has completed one year of service and whose lay-off layoff 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 or of this Article, shall be entitled to severance pay equal to the greater of two weeks' ’ pay or one weeks' week‘s pay per year of service to a maximum of 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. Staff Committees The central parties agree to establish Regional Staff Planning Committees to facilitate For calculation of part time employees’ severance entitlements, including early retirement, 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 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 each Committee employee’s average weekly hours will be mutually determined by based on an average of their paid hours over the parties and application will be made to any available funding source for the funding of administrative expenses. Lay-off and Recallproceeding twelve (12) months.

Severance and Retirement Options. (a) Within the lesser of thirty (30) 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 days after receiving notice of Xxx-off pursuant to article 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. Where an employee resigns later than days after receiving notice pursuant to article of layoff that his or her position positions will be eliminated, eliminated he or she shalt 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 2(12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250.) dollars. Allowance Prior to issuing notice of lay-off pursuant to article layoff in any the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under the Hospitals’ Pension Plan 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 lay-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 Planlayoff. An employee who chooses this elects an early retirement option forfeits her right to notice and will receive severance pay on shall receive, following completion of the basis last day of work, a retirement allowance of two (2) weeks’ pay salary for each year of with the Hospital service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of twenty-six (26) weeks on the basis of the employees normal weekly earnings. In weeks’ salary, and, in addition, full-time employees will shall receive a lump single sum payment equal equivalent to for every each 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 lay-offs in the unitupon retirement. An employee who has completed one year of service and whose lay-off layoff 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 or of this Article, shall be entitled to severance pay equal to the greater of two weeks' ’ pay or one weeks' week’s pay per year of service to a maximum of 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. Staff Committees 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 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 each Committee will be mutually determined by the parties and application will be made to any available funding source for the funding of administrative expenses. Lay-off and Recall.

Severance and Retirement Options. (a) Severance Pay Within the lesser of thirty (30) days from the date of notice of lay-off layoff or the notice provided for in this Article above an employee with more than twelve (12) month’s months service with the Hospital Home who has received notice of lay-off layoff 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 days after receiving notice of 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. Where an employee resigns later than days after receiving notice pursuant to article that his or her position will be eliminated, he or she shalt be entitled to a separation allowance of four (4) weeks’ salary, and, on production of receipts from an approved educational program, within twelve 2) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250.) dollars. Retirement Allowance Prior to issuing notice of lay-off 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 lay-off under article Within thirty (30) days from the date of notice of lay-off, layoff an employee who has received notice of lay-off layoff of a permanent or long-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 one (21) weeks’ week’s pay for each year of service with the Hospital Home to a maximum of twenty-six (26) weeks 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 for every year less than age to a maximum of Note: The Hospital may the Home offer any employee a retirement option as provided above, in order to avoid potential lay-offs layoffs in the unit. An A full time employee who has completed one year of service and and: whose lay-off layoff is permanent, or who is laid off for (26) weeks in any fifty-two (52) week period, and who has not elected to receive a severance payment under either (a) or or of this Article, article. shall be entitled to severance pay equal to the greater of two weeks' pay ’ pay, or one weeks' week’s pay per year of service to a maximum of weeks (26) weeks’ pay. This entitlement shall not be in addition to any entitlement to severance pay severancepay under the Employment Standards 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 severancepayment 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. Staff Committees 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 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 each Committee will be mutually determined by the parties and application will be made to any available funding source for the funding of administrative expenses. Lay-off and Recall.