158. An executive director placed on reserve in accordance with the definition prescribed in Section 4 of Chapter 1 shall benefit, retroactively to the date on which his position is eliminated, from the provisions of Chapter 5 of this Regulation. In such case, the maximum amount that the senior administrator is entitled to receive may not be higher than the equivalent of 36 months of his adjusted salary, if applicable.
The senior administrator covered by subsection 2 of section 159 of the Regulation mentioned in paragraph 1 of section 156 of the Regulation is deemed to have chosen, retroactively to the date of the elimination of his position, the reinstatement option as prescribed in Division 4 of Chapter 5 of this Regulation.
Sections 32 and 33 of this Regulation shall come into force on 30 June 1996.
O.C. 1217-96, s. 158; O.C. 925-97, s. 12.