Common use of POSITION ABOLISHMENT Clause in Contracts

POSITION ABOLISHMENT. 33.01 If a Full-time or Part-time Employee's position is abolished, two (2) weeks’ notice of termination of employment for each completed year of service to a maximum of forty-three (43) weeks or payment of regular salary in lieu thereof, or a combination of both, will be given to the Employee by the Employer. 33.02 The Employer agrees that in the event it becomes necessary to abolish an existing position, an effort will be made to place the Employee into another position covered by this Agreement. If an Employee is placed in another position, notice of position abolishment and severance pay noted above is not required. 33.03 During the period of notice of position abolishment, the Employer will allow the affected Employee a reasonable amount of time off with pay to be interviewed by prospective Employers.