Voluntary Severance. It is understood and agreed that within the job classification of an employee whose position has been declared redundant, and is about to be laid off, that employee and others in their job classification may offer to take severance and resign from the Company based on the terms and conditions of #1 above. The Company may accept a resignation but only if the affected employee is qualified and willing to take the opening created by the employee resigning. If more resignations are offered than required, seniority governs subject to the foregoing. The Company will co-operate with requests to assist employees in maximizing RRSP retiring allowance provisions with respect to the final payment of severance. The Company will give consideration to providing severance to non-affected employees on a case by case basis
Voluntary Severance. Purchasing past pensionable service. If permissible the Employer will match a minimum of three years' contributions to the Municipal Pension Plan where an employee opts for early retirement.
Voluntary Severance. Prior to implementing lay-offs, the Employer will consider offering employees voluntary severance in accordance with this agreement providing:
Voluntary Severance. During the period of July 10, 1993 to July 30, 0000, Xxxxxx Xxxxx Inc. employees who have not received termination notices will be eligible for voluntary severance upon providing two weeks’ notice, subject to the following conditions:
(a) Employees, 55 years of age with 15 years or more of service as of December 31, 1993 are not eligible for voluntary severance.
(b) The amount of severance pay will be calculated as follows: One (1) week’s pay for each year of service (maximum 26 weeks) based on the employee’s May 7, 1993 model payroll rate x 40.
(c) The Company will have the right to retain employees, if deemed necessary, for up to six (6) months.
(d) The number of employees exercising this option will be limited to: the total number of active employees who are eligible to retire under the Early Retirement package by Local Union the number of employees who exercise this option to retire under the Early Retirement package by Local Union.
Voluntary Severance. Dismissal for reasonable and just cause;
Voluntary Severance. Your employment under this Agreement may be terminated by you, upon thirty (30) days prior written notice to the Company. All compensation and benefits provided at the Company's expense, as described in Section 3 of this Agreement, shall terminate on the date of your termination under this Section 2.2b.
Voluntary Severance. A voluntary severance program will be offered to employees in a converted store. The Union will be notified of all aspects of these offers.
Voluntary Severance. Pursuant to 21.2.2 c) one reasonable and appropriate action may be voluntary severance. Before any discussion takes place between Management and an employee, Management shall advise the Society Local V.P. or their alternate of any voluntary severance offer that it seeks to present to an employee. The employer shall meet with the employee to present the offer further to a notice of meeting advising the employee of his/her right to Society representation in a work-related matter. The Society shall be provided with the opportunity to review the offer with the employee prior to any agreement between the employee, the employer and the Society. It is understood that the Society shall not withhold their agreement if the employee is in agreement unless the employer has coerced the employee or acted in bad faith. It is also understood that the formula provided in Article 64 need not apply.
Voluntary Severance. The Employer reserves the right to offer voluntary severance incentive packages to employees in order to facilitate business change. The Union will be notified if the Employer chooses to exercise this right.
Voluntary Severance. Prior to implementing lay-offs, the Employer will consider offering employees voluntary severance in accordance with this agreement providing:
(a) the employee waives the right to recall; and,
(b) the voluntary severance would avoid the lay-off of another employee.
(a) Employees subject to lay-off shall be granted reasonable leave with pay for the purpose of being interviewed and examined by a prospective employer and such additional leave with pay as the Employer considers reasonable for related travel.
(b) Laid off employees with one (1) year of continuous service will also be provided with a job search assistance program and counselling services coordinated by the Employer.
