Common use of CASH OUT UPON TERMINATION/RETIREMENT Clause in Contracts

CASH OUT UPON TERMINATION/RETIREMENT. a. When an employee terminates or retires, the monetary equivalent of their unused total combined accrued Universal and Vacation leaves, at 50% value, will be deposited into their RHS Plan pursuant to the Plan Agreement. The remaining 50% will be paid out to the employee. The combination of the RHS contribution and payout is subject to membership vote periodically.

CASH OUT UPON TERMINATION/RETIREMENT. a. When an employee terminates or retires, the monetary equivalent of their unused total combined accrued Universal and Vacation leavesleave, at 50% value, will be deposited into their RHS Plan pursuant to the Plan Agreement. The remaining 50% will be paid out to the employee. The combination of the RHS contribution and payout is subject to membership vote periodically.

CASH OUT UPON TERMINATION/RETIREMENT. a. When an employee terminates or retires, the monetary equivalent of their unused total combined accrued Universal and Vacation leavesLeave, at 50100% value, will be deposited into their RHS Plan pursuant to the Plan Agreement. The remaining 50% If the membership votes to change the contribution to RHS, any balances that remain after Plan compliance will be paid cashed out to the employee. The combination of the RHS contribution and payout is subject to membership vote periodicallyat 100% value.

CASH OUT UPON TERMINATION/RETIREMENT. a. When an employee terminates or retires, the monetary equivalent of their unused total combined accrued Universal and Vacation leaves, at 50% valuevalue of the regular rate of pay, will be deposited into their RHS Plan pursuant to the Plan Agreement. The remaining 50% v al ue of t h e r egul ar r at e of pay will be paid out to the employee. The combination of the RHS contribution and payout is subject to membership vote periodically.