Common use of BASE CLOSURE Clause in Contracts

BASE CLOSURE. 22-1.01 In the event the Company closes a Base, it is recognized that the provisions of Article 20 – Layoff and Recall may not adequately deal with the impact on the Employees affected. Therefore, it is agreed that if the Company announces a Base closure, this Article shall apply. 22-1.02 The Company shall provide notice to the Union prior to closing a Base and shall meet the Union for the purpose of minimizing the effect on Employees. 22-1.03 Notwithstanding the provisions of 22-1.01 and 22-1.02 above, Employees who are subject to Base closure shall have the option of: (a) Terminating their employment with the Company; (b) Voluntarily relocating to another Base by displacing a junior Employee at that Base; or (c) Voluntarily relocating to another Base by accepting an offer from the Company for a vacant Position at that Base. 22-1.04 Employees electing to terminate employment in accordance with 22-1.03(a) above will be entitled to select and receive one of the following severance options: Receive severance of one (1) week of pay for each completed year of continuous employment with the Company, at the Employee’s regular rate of pay based on their average weekly hours worked over the previous fifty-two