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.
Appears in 6 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
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.
1. A lump sum cash payment derived using the formula of three
Appears in 1 contract
Samples: Collective Bargaining Agreement
