Eligibility and Conditions. If, during the term of this Agreement, the Company notifies the Union in writing that technological change (defined as changes in equipment or methods of operation) has or will create a surplus in any job classification in a work location which will necessitate layoffs or involuntary permanent reassignments of regular employees to different job classifications involving a reduction in pay or to work locations requiring a change of residence or if a force surplus necessitating any of the above actions exists for reasons other than technological change and the Company deems it appropriate, employees may elect, in the order of seniority, and to the extent necessary to relieve the surplus, to leave the service of the Company and receive Supplemental Income Protection Plan benefits described in this Section, subject to the following conditions: 1. The Company shall determine the job classifications and work locations in which a surplus exists, the number of employees in such classifications and locations who are considered to be surplus, and the period during which the employees may, if they so elect, leave the service of the Company pursuant to this Section. Neither such determinations by the Company nor any other part of this Section shall be subject to the grievance and arbitration procedures. 2. The number of employees who may make such elections shall not exceed the number of employees determined by the Company to be surplus. 3. An employee’s election to leave the service of the Company and receive Supplemental Income Protection benefits must be in writing and transmitted to the Company within thirty (30) days from the date of the Company’s offer in order to be effective and it may not be revoked after such thirty (30) day period.
Appears in 3 contracts
Sources: Memorandum of Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement