An employee's election to leave the service of the Company and receive Special EIPP payments must be in writing and transmitted to the Company within 15 days of the offer, in this case August 17, 2021. The off-payroll date for employees who accept the offer will be September 5, 2021
Verizon Surplus Declared
Wednesday, July 28, 2021
This is to notify you that Verizon New York Inc., Verizon Services Corp., and Empire City Subway Company (Ltd.), (collectively "the Company") are declaring a surplus condition in twenty-three (23) titles within Force Adjustment Areas ("FAAs") 1, 2, 4, 5 and 6. The surplus titles and FAAs.
If the Company uses the Enhanced Income Protection Plan (EIPP) under step three (3) of the FAP Article to alleviate the surplus, the Company will make Special EIPP offers to associates as described in Section XIV of the May 29, 2016 Memorandum of Understanding and Section VIII of the July 19, 2018 Memorandum of Understanding. Special EIPP offers will be tendered to those employees in the surplus titles and FAAs involved by August 3, 2021.