Common use of Cancellation of Participation Clause in Contracts

Cancellation of Participation. Cancellation of the employee’s membership in the Catastrophic Leave Bank occurs automatically whenever he/she fails to make an assessed contribution. The employee shall not be eligible to draw from the bank as of the effective date of cancellation. Xxxx Leave previously authorized for contribution to the Catastrophic Leave Bank shall not be returned to the employee’s account of accumulated Sick Leave.

Cancellation of Participation. Cancellation of the employee’s membership in the Catastrophic Leave Bank occurs automatically whenever he/she fails to make an assessed contribution. The employee shall not be eligible to draw from the bank as of the effective date of cancellation. Xxxx Sick Leave previously authorized for contribution to the Catastrophic Leave Bank shall not be returned to the employee’s account of accumulated Sick Leave.

Cancellation of Participation. Cancellation of the employeeunit member’s membership in the Catastrophic Leave Bank occurs automatically whenever he/she fails to make an assessed contribution. The employee unit member shall not be eligible to draw from the bank as of the effective date of cancellation. Xxxx Leave leave previously authorized for contribution to the Catastrophic Leave Bank shall not be returned to the employeeunit member’s account of accumulated Sick Leavesick leave.