Common use of Time and Method of Payment Clause in Contracts

Time and Method of Payment. After an employee has been laid off for six (6) months in accordance with the provisions of this Section, he/she shall be notified by the Agency in writing that he/she has the option of accepting a lump sum severance payment. The employee must notify the Agency in writing of his/her decision to accept the severance payment. An employee who does not notify the Agency in writing of his/her decision shall be deemed to have elected to initially reject the payment. If the employee chooses to reject the payment, the employee has the option at any time within the next six (6) months of accepting the lump sum severance payment. An employee who reaches such decision during the second six (6) month period shall notify the Agency in writing of his/her decision. An employee who has been laid off for twelve (12) months shall be notified by the Agency in writing that he/she must choose whether to accept the lump sum severance payment. By rejecting such payment, the employee shall have no further opportunity to receive severance payment. The employee must notify the Agency in writing of his/her decision within fourteen (14) calendar days of receipt of the Agency's notification. An employee who does not notify the Agency in writing of his/her decision to accept the severance payment shall be deemed to have permanently rejected such payment. If an employee elects to accept the lump sum payment, such payment shall be made by the Agency within sixty (60) calendar days of receipt of the employee's decision.

Time and Method of Payment. After an employee has been laid off for six (6) months in accordance with the provisions of this Section, he/she shall be notified by the Agency in writing that he/she has the option of remaining on the recall list(s) or of accepting a lump sum severance paymentpayment and thereby forfeiting all recall rights. The employee must notify the Agency in writing of his/her decision either to accept the severance paymentpayment or to retain recall rights. An employee who does not notify the Agency in writing of his/her decision shall be deemed to have elected to initially reject the paymentretain recall rights. If the employee chooses to reject remain on recall and rejects the payment, the employee has the option at any time within the next six (6) months of accepting the lump sum severance paymentpayment and thereby forfeiting all recall rights. An employee who reaches such decision during the second six (6) month period shall notify the Agency in writing of his/her decision. An employee who has been laid off for twelve (12) months shall be notified by the Agency in writing that he/she must choose whether either to accept the lump sum severance payment or to reject such payment. By rejecting such payment, the employee shall retain recall rights in conformance with the provisions of this Agreement and shall have no further opportunity to receive severance payment. The employee must notify the Agency in writing of his/her decision within fourteen (14) calendar days of receipt of the Agency's notification. An employee who does not notify the Agency in writing of his/her decision to accept the severance payment shall be deemed to have permanently rejected such payment. If an employee elects payment and to accept the lump sum payment, such payment shall be made by the Agency within sixty (60) calendar days of receipt of the employee's decision.have retained recall rights in accordance with Article

Time and Method of Payment. After an employee has been laid off for six (6) months in accordance with the provisions of this Section, he/she shall be notified by the Agency in writing that he/she has the option of remaining on the recall list(s) or of accepting a lump sum severance paymentpayment and thereby forfeiting all recall rights. The employee must notify the Agency in writing of his/her decision either to accept the severance paymentpayment or to retain recall rights. An employee who does not notify the Agency in writing of his/her decision shall be deemed to have elected to initially reject the paymentretain recall rights. If the employee chooses to reject remain on recall and rejects the payment, the employee has the option at any time within the next six (6) months of accepting the lump sum severance paymentpayment and thereby forfeiting all recall rights. An employee who reaches such decision during the second six (6) month period shall notify the Agency in writing of his/her decision. An employee who has been laid off for twelve thirty-six (1236) months shall be notified by the Agency in writing that he/she must choose whether either to accept the lump sum severance payment or to reject such payment. By rejecting such payment, the employee shall retain recall rights in conformance with the provisions of this Agreement and shall have no further opportunity to receive severance payment. The employee must notify the Agency in writing of his/her decision within fourteen (14) calendar days of receipt of the Agency's notification. An employee who does not notify the Agency in writing of his/her decision to accept the severance payment shall be deemed to have permanently rejected such paymentpayment and to have retained recall rights in accordance with Article 13. If an employee elects to accept the lump sum payment, the employee's name shall be removed from all recall lists and such payment shall be made by the Agency within sixty (60) calendar days of receipt of the employee's decision.

Time and Method of Payment. After an employee has been laid off for six (6) months in accordance with the provisions of this Sectionmonths, he/she shall be notified by the Agency in writing that he/she has the option of accepting a lump sum severance payment. The employee must notify the Agency in writing of his/her decision to accept the severance payment. An employee who does not notify the Agency in writing of his/her decision shall be deemed to have elected to initially reject the payment. If the employee chooses to reject the payment, the employee has the option at any time within the next six (6) months of accepting the lump sum severance payment. An employee who reaches such decision during the second six (6) month period shall notify the Agency in writing of his/her decision. An employee who has been laid off for twelve (12) months whose name will be removed from recall lists due to meeting the maximum eligibility shall be notified by the Agency in writing that he/she must choose whether either to accept the lump sum severance payment or to reject such payment. By rejecting such payment, the employee shall have no further opportunity to receive severance payment. The employee must notify the Agency in writing of his/her decision within fourteen (14) calendar days of receipt of the Agency's notification. An employee who does not notify the Agency in writing of his/her decision to accept the severance payment shall be deemed to have permanently rejected such payment. If an employee elects to accept the lump sum payment, such payment shall be made by the Agency within sixty (60) calendar days of receipt of the employee's decision.

Time and Method of Payment. After an employee has been laid off for six (6) months in accordance with the provisions of this Section, he/she shall be notified by the Agency in writing that he/she has the option of remaining on the recall list(s) or of accepting a lump sum severance paymentpayment and thereby forfeiting all recall rights. The employee must notify the Agency in writing of his/her decision either to accept the severance paymentpayment or to retain recall rights. An employee who does not notify the Agency in writing of his/her decision shall be deemed to have elected to initially reject the paymentretain recall rights. If the employee chooses to reject remain on recall and rejects the payment, the employee has the option at any time within the next six (6) months of accepting the lump sum severance paymentpayment and thereby forfeiting all recall rights. An employee who reaches such decision during the second six (6) month period shall notify the Agency in writing of his/her decision. An employee who has been laid off for twelve (12) months shall be notified by the Agency in writing that he/she must choose whether either to accept the lump sum severance payment or to reject such payment. By rejecting such payment, the employee shall retain recall rights in conformance with the provisions of this Agreement and shall have no further opportunity to receive severance payment. The employee must notify the Agency in writing of his/her decision within fourteen (14) calendar days of receipt of the Agency's notification. An employee who does not notify the Agency in writing of his/her decision to accept the severance payment shall be deemed to have permanently rejected such paymentpayment and to have retained recall rights in accordance with Article 13. If an employee elects to accept the lump sum payment, the employee's name shall be removed from all recall lists and such payment shall be made by the Agency within sixty (60) calendar days of receipt of the employee's decision.