Common use of Voluntary Exit package for Affected Employees Clause in Contracts

Voluntary Exit package for Affected Employees. i. The Voluntary Exit package applies where the job has been eliminated, reduced in number, where the fundamental nature (core features) of the work is no longer similar or when the job content has been modified resulting in a salary grade reduction includes: • One hundred thirty (130) working days pay, plus • the severance amount paid under Article 6.18 • the Employer will continue to pay all non-optional benefit premiums for six months with the exception of Long Term Disability. This does not apply where an employee opted to accept non-optional benefits during a recall period. If the recall period is less than six months, the employee will receive the remaining period such that the amount totals six months. ii. In addition, the normal cash payout of attendance credits and vacation credits will be paid. iii. The severance payment for all employee(s) will be based on the last day of active employment with the exception of the following: • If the employee does not accept the Voluntary Exit package within fifteen (15) working days, one hundred thirty (130) working days pay will be reduced by the number of days worked since the notice under Article 6.04, was given, save and except for the first fifteen (15) working days. • For part-time employees, severance and the Voluntary Exit package, will be pro-rated based on the ratio of their permanent full-time to permanent part- time employment.

Voluntary Exit package for Affected Employees. i. The Voluntary Exit package applies where the job has been eliminated, reduced in number, where the fundamental nature (core features) of the work is no longer similar or when the job content has been modified resulting in a salary grade reduction includes: • One hundred thirty (130) working days pay, plus • the severance amount paid under Article 6.18 • the Employer will continue to pay all non-optional benefit premiums for six months with the exception of Long Term Disability. This does not apply where an employee opted to accept non-optional benefits during a recall period. If the recall period is less than six months, the employee will receive the remaining period such that the amount totals six months. ii. In addition, addition the normal cash payout of attendance credits and vacation credits will be paid. iii. The severance payment for all employee(s) will be based on the last day of active employment with the exception of the following: • If the employee does not accept the Voluntary Exit package within fifteen (15) working days, one hundred thirty (130) working days pay will be reduced by the number of days worked since the notice under Article 6.04, was given, save and except for the first fifteen (15) working days. • For part-time employees, severance and the Voluntary Exit package, will be pro-rated based on the ratio of their permanent full-time to permanent part- time employment.