Common use of Conditions During an Unpaid Leave of Absence Clause in Contracts

Conditions During an Unpaid Leave of Absence. Directors granted an unpaid leave of absence as established by Sections 1, 2, and 3 of this Article shall be subject to the following conditions: Subd. 1. All benefits earned by a Director shall be "frozen" as of the date of the beginning of a leave of absence. Upon return to duty at the expiration of the leave of absence a Director's "frozen" benefits shall be reinstated. Subd. 2. Directors may continue to participate in the group insurance programs established by Article VIII, by assuming the full cost of the monthly premiums.

Conditions During an Unpaid Leave of Absence. Directors granted an unpaid leave of absence as established by Sections 1, 2, and 3 of this Article shall be subject to the following conditions: Subd. 1. All benefits earned by a Director shall be "frozen" as of the date of the beginning of a leave of absence. Upon return to duty at the expiration of the leave of absence a Director's "frozen" benefits shall be reinstated. Subd. 2. Directors may continue to participate in the group insurance programs established by Article VIII, by assuming the full cost of the monthly premiums. Subd. 3. Directors returning from a leave of absence shall be offered a position similar to that held at the time the leave was granted.