Common use of Voluntary Retrenchment Clause in Contracts

Voluntary Retrenchment. 58.1 Where the CEO invites an excess employee to accept voluntary retrenchment, the employee will have one month to accept or reject the invitation. The CEO will not give notice of termination on the grounds that the employee is excess to requirements, before the end of that period or until such acceptance is received (where the acceptance is received before the end of that period).

Voluntary Retrenchment. 58.1 456. Where the CEO invites an excess employee to accept voluntary retrenchmenttermination, the employee will have one month to accept or reject the invitationoffer. The If the offer is accepted the CEO will not give notice of termination on under section 29 of the grounds that the employee is excess to requirements, PS Act before the end of that period or until such acceptance is received (where without the acceptance is received before agreement of the end of that period)employee.