Common use of VOLUNTARY SEPARATION PROGRAM Clause in Contracts

VOLUNTARY SEPARATION PROGRAM. The Union and the Employer recognize the continuing need to address the State's fiscal condition, and to that end agree that the State may implement a Voluntary Separation Program (VSP). Through the VSP, the State will offer employees the benefit of severance pay and severance benefits in order to reduce the number of employees and abolish positions that are vacated by employees who are approved to participate in and do participate in the VSP. The Employer will provide the information necessary to enable employees to make knowing and voluntary decisions regarding participation in the VSP.

VOLUNTARY SEPARATION PROGRAM. The Union and the Employer recognize the continuing need to address the State's fiscal condition, and to that end agree that the State may implement a Voluntary Separation Program (VSP). Through the VSP, the State will offer participating employees the benefit of severance pay and severance benefits benefits, in order to reduce the number of employees filled positions and abolish those positions that are vacated by employees who are approved to participate in and do participate in the VSP. The Employer will provide the information necessary to enable employees to make knowing and voluntary decisions regarding participation in the VSP.