Common use of SEVERANCE & EARLY RETIREMENT OPTIONS Clause in Contracts

SEVERANCE & EARLY RETIREMENT OPTIONS. 19.01 Where an employee resigns within 30 days after receiving notice of layoff pursuant to the notice of lay-off provision in this collective agreement, 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 twenty-six (26) 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.

SEVERANCE & EARLY RETIREMENT OPTIONS. 19.01 9.01 Where an employee resigns within 30 days after receiving notice of layoff pursuant to the notice of lay-off provision rovision in this collective agreement, that his or her position will be eliminated, he or she shall be entitled to a separation eparation allowance of two (2) weeks’ ' salary for each year of continuous service to a maximum of twenty-six (26) weeks’ ' pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignationesignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars.