CONTRIBUTIONS AT SEPARATION Sample Clauses
The "Contributions at Separation" clause defines how contributions made by parties—such as financial investments, assets, or resources—are handled when the parties separate or end their relationship. Typically, this clause outlines the process for identifying, valuing, and distributing these contributions, ensuring that each party receives a fair share based on their input during the relationship. Its core function is to provide a clear and equitable method for dividing jointly contributed assets or resources, thereby reducing disputes and uncertainty at the time of separation.
CONTRIBUTIONS AT SEPARATION. A person who separates from employment with the County prior to the County making its contribution in January of each year shall receive a commensurate contribution to the employee’s deferred compensation account based upon contributions made up to the date of separation and in accordance with the provisions set forth in the section.