Upon Lay-off Due to Job Redundancy Sample Clauses

Upon Lay-off Due to Job Redundancy. (a) An employee with one (1) year seniority or more who is given written notice of layoff due to job redundancy is entitled to choose severance pay, at any time within sixty (60) calendar days from the effective date of layoff, in accordance with 16.2 (b). Upon acceptance of severance pay all seniority and recall rights under this Agreement are terminated. Should an employee not choose severance pay, the employee shall retain all seniority and recall rights under this Agreement. An employee not recalled before loss of recall rights, in accordance with Article 9.5, shall automatically be paid severance pay within one (1) calendar week of loss of recall rights. (b) An employee who is laid off and chooses to take severance pay outlined in the above paragraph shall be paid on the following basis: (i) employees laid off who have completed five (5) or less years of service shall be paid one (1) day's pay for each calendar year of service. (ii) employees laid off who have completed six (6) or more years of service shall be paid four (4) days' pay per calendar year of service. Part time service shall be calculated on a pro-rata basis. Severance pay shall be based on the employee's salary at the time of the employee’s lay-off. (iii) An employee on temporary lay-off and not recalled within one (1) year due to a permanent reduction of the work force shall, within sixty (60) calendar days of the first anniversary of the date of lay-off notice, choose to retain all seniority and recall rights or choose severance pay in accordance with Article 16.2 (a) and (b).
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Related to Upon Lay-off Due to Job Redundancy

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