Common use of Eligible for Severance Clause in Contracts

Eligible for Severance. The following regular employees will be eligible for severance pay: (a) an employee whose service is terminated by the University for reasons pursuant to Article 36 (Layoff and Recall) and Article 40 (Technological Change); or (b) an employee on regular appointment as at March 6, 1989 who accumulated five or more years of service and voluntarily leaves the service of the University. This clause only pertains to the employees listed in Appendix E; or (c) an employee who becomes eligible under the terms of Appendix E; or (d) an employee on regular appointment as at July 1, 2005 who had accumulated 14 years of service and who was 48 years of age as of that date.

Eligible for Severance. The following regular employees will be eligible for severance pay: (a) an employee whose service is terminated by the University for reasons pursuant to Article 36 (Layoff – ▇▇▇▇▇▇ and Recall) ▇▇▇▇▇▇ and Article 40 (– Technological Change); or (b) an employee on regular appointment as at March 6, 1989 who accumulated five or more years of service and voluntarily leaves the service of the University. This clause only pertains to the employees listed in Appendix E; oror‌ (c) an employee who becomes eligible under the terms of Appendix E; or (d) an employee on regular appointment as at July 1, 2005 who had accumulated 14 years of service and who was 48 years of age as of that date.