HR98 Severance Payment Provisions for Staff Employees

POLICY'S INITIAL DATE: May 1, 2011

THIS VERSION EFFECTIVE: May 1, 2011

Contents:

• Purpose
• Overview
• Standing Appointments
• Fixed-Term I Appointments
• HR88 Appointments
• Cross References

PURPOSE:

To provide the criteria under which an employee laid off under policy HR97, Layoff Provisions for Staff Employees, is eligible to receive a severance payment.

OVERVIEW:

Length of University employment is measured in months of continuous employment in a Standing or Fixed-Term I appointment from the date of last hire and includes leaves of absence. Employment ceases to be measured when an employee quits, resigns, or is dismissed.

An employee may receive a maximum of 26 weeks of pay as severance payment. Such payment is made as a lump-sum and is reduced by all applicable deductions.

The University and employee must execute an agreement and general release memorializing the terms and conditions of the severance payment.

STANDING APPOINTMENTS:

An employee on a Standing appointment who is laid off under policy HR97, Layoff Provisions for Staff Employees, will receive a one-time, lump-sum severance payment in accordance with the following schedule:

*Any time paid, but not worked, during the four-week notice period will be deducted from the severance payment.

FIXED-TERM I APPOINTMENTS:

An employee on a Fixed-Term I appointment who is laid off under policy HR97, Layoff Provisions for Staff Employees, and is not given opportunity to work the four-week notice period will receive a one-time, lump-sum severance payment equal to four-weeks' pay. If the employee is given opportunity to work only a portion of the four-week notice period, the employee will receive the difference for the part of the four-week notice period not worked as severance payment.

HR88 APPOINTMENTS:

The weekly pay rate is calculated by dividing the actual annual salary by 52 weeks.

CROSS REFERENCES:

HR06 - Types of Appointments

HR88 - Full-Time Equivalent Appointments

HR97 - Layoff Provisions for Staff Employees