Targeted Voluntary Separation Package Clause Samples
A Targeted Voluntary Separation Package is a contractual provision that offers specific employees the option to voluntarily leave their employment in exchange for a predetermined set of benefits, such as severance pay, extended health coverage, or outplacement services. This clause typically applies to employees in designated roles or departments during organizational restructuring or cost-cutting initiatives, and participation is usually at the discretion of the employee, subject to employer approval. Its core function is to facilitate workforce reductions in a controlled and mutually agreeable manner, minimizing the need for involuntary layoffs and associated legal or morale issues.
Targeted Voluntary Separation Package. The parties agree that the Targeted Voluntary Separation Package policy as detailed in Appendix B of this Agreement will continue to apply.
Targeted Voluntary Separation Package. 21.6.1 A Targeted Voluntary Separation package will be offered to the employee whose job has been lost. It will also be offered to employees with similar skills and competencies.
21.6.2 The package will consist of:
Targeted Voluntary Separation Package. The parties agree that the Targeted Voluntary Separation Package policy as detailed in Appendix B of this Agreement will continue to apply. Leisure Services Enterprise Agreement – December 2011 - FINAL
Targeted Voluntary Separation Package. 7.2.1. The parties agree that the Targeted Voluntary Separation Package policy as detailed in Appendix A of this Agreement shall continue to apply.
1. APPLICATION OF GUIDELINES
Targeted Voluntary Separation Package. Where a position is identified as redundant, a Targeted Voluntary Separation Package shall be available to the employee if Council is unable to redeploy the employee to a reasonable position at the same classification level with similar responsibilities and at an agreed location. The package shall be based on the following:
11.6.1 Ten weeks notice of termination, or payment in lieu of notice.
11.6.2 Three weeks severance payment for every year of completed service within Local Government to a maximum payment of 104 weeks.
11.6.3 An amount of 10% of the employee's annual salary may be reimbursed by Council to assist the employee to gain other employment. This will be available only to bona fide employment seekers and will not be available to those who have secured other employment or do not intend to seek further employment.
11.6.4 All of the above payments will be made upon the employee leaving the
Targeted Voluntary Separation Package. Where a position is identified as redundant, a Targeted Voluntary Separation Package shall be available to the Employee if Council is unable to redeploy the Employee to a reasonable position at the same classification level with similar responsibilities and at an agreed location. The Package shall be based on the following:
11.6.1 Ten weeks’ notice of termination, or payment in lieu of notice.
11.6.2 Three weeks’ severance payment for every year of completed service within The Barossa Council or Service prior to amalgamation with the District Council of Angaston, District Council of Barossa, District Council of Tanunda and District Council of Mount Pleasant to a maximum payment of 104 weeks.
11.6.3 All of the above payments will be made upon the Employee leaving the employ of
11.6.4 An amount of up to 10% of the Employee's annual salary may be reimbursed upon presentation of receipts and documentation of activities undertaken by Council to assist the Employee to gain other employment within 6 months of separation. This will be available only to bona fide employment seekers and will not be available to those who have secured other employment or do not intend to seek further employment.