COLLECTIVE BARGAINING AGREEMENT Between NEW YORK UNIVERSITY
And LOCAL 810 I.B.T
July 1, 2002-June 30, 2007
ARTICLE 16 - SEVERANCE PAY
In the event of severance of employment by reason of reduction in force or
physical or mental inability (as determined by the University Health Service)
to perform his work, an employee shall be paid, in addition to any accrued vacation
credits, severance pay as set forth in the schedule below:
| Employees with 1 and less than 2 years |
1 weeks' pay |
| Employees with 2 and less than 5 years |
2 weeks' pay |
| Employees with 5 and less than 10 years |
3 weeks' pay |
| Employees with 10 and less than 12 years |
4 weeks' pay |
| Employees with 12 and less than 15 years |
5 weeks' pay |
| Employees with 15 and less than 17 years |
6 weeks' pay |
| Employees with 17 and less than 20 years |
7 weeks' pay |
| Employees with 20 and less than 25 years |
8 weeks' pay |
| Employees with 25 years or more |
10 weeks' pay |
|
|
