Common use of Severance Option Clause in Contracts

Severance Option. As an alternative to the layoff provisions of this Agreement, any regular status nurse subject to layoff may elect to terminate with severance, with a signed agreement containing a general release of claims, pay based on the following:

Appears in 6 contracts

Samples: Collective Bargaining Agreement, Tentative Agreement, Collective Bargaining Agreement

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Severance Option. As an alternative to the layoff provisions of this Agreement, any regular status nurse subject to layoff may elect to terminate with severance, with a signed agreement containing a general release of claims, severance pay based on the following:

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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