CASH PAYMENT UPON FOUNDATION RETIREMENT. The Cash Payment Upon Foundation Retirement is a one-time lump-sum cash payment. The eligible employee may choose one of the following two options:
CASH PAYMENT UPON FOUNDATION RETIREMENT. The Cash Payment Upon Foundation Retirement is a one-time lump-sum cash payment. The eligible employee may choose one of the following two options: * For the purpose of determining eligibility for such benefits, a “break in service” is defined as a lapse in Foundation employment of more than 30 days, excluding approved leaves of absence.
CASH PAYMENT UPON FOUNDATION RETIREMENT. The Cash Payment Upon Foundation Retirement is a one-time lump-sum cash payment. The eligible employee may choose one of the following two options: 1. A lump sum cash payment derived using the formula of three (3) days’ pay for each twelve (12) full months of continuous * For the purpose of determining eligibility for such benefits, a "break in service" is defined as a lapse in Foundation employment of more than 30 days, excluding approved leaves of absence. Art. 9.7c service up to the last day actually worked, not to exceed a max- imum payment of eighty (80) days; or,
