This Policy on Notice and Severance Pay applies to New York University-New York and Washington, D.C. (collectively, “the University”). In accordance with the terms and conditions set forth below, employees covered under this policy are eligible to receive notice prior to the separation of their employment from the University (or pay in lieu of notice) and/or severance pay.
An Administrator or Professional is a “covered employee” under this policy unless his or her employment is separated by way of:
(b) discharge for cause (including poor job performance or misconduct);
(c) disability covered by worker’s compensation or applicable state disability insurance;
(e) a University function or service being contracted, assigned or otherwise transferred to another entity and, to continue that function or service, the employee is offered employment by the other entity within thirty (30) days of contract, assignment or transfer, provided that the employee receives a substantially similar salary (compensation); or
(f) the employee’s appointment with the University ending on the fixed term end date set forth in his or her appointment letter
A Professional Research Staff member is not a “covered employee” under this policy unless his or her appointment is ended by the University (1) before the fixed term end date set forth in his or her appointment letter, or (2) where the appointment letter did not contain a fixed term end date, provided that in either case his or her separation is not for any of the reasons set forth in (a)-(f) above.
Bargaining Unit Employees: University employees subject to a collective bargaining agreement (“CBA”) are not “covered employees” under this policy when serving in their capacity as bargaining unit employees. Such employees should review the applicable CBA for any applicable policies on notice or severance pay.
Faculty: Faculty are not “covered employees” under this policy when serving in their capacity as faculty. Faculty should review the faculty handbook and/or school policy for any applicable policies on notice or severance pay.
Subject to the coverage provisions and conditions set forth in this policy, a covered employee who has successfully completed his or her probationary period with the University by the date of his or her separation from the University is eligible to receive:
Subject to the coverage provisions and conditions set forth in this policy, a covered employee is eligible for the severance pay below, if on the date of his or her separation from the University, he or she is an Administrative or Professional covered employee and has completed at least one year of continuous service in that capacity, or he or she is a Professional Research Staff covered employee and has completed at least three years of continuous service in that capacity:
Effective Date Supersedes Feb 1, 2010 Issuing Authority Office of Executive Vice President Responsible Officer Vice President for Human Resources