Common use of Delay Withdrawal, Redundancy and Death Clause in Contracts

Delay Withdrawal, Redundancy and Death. a) An employee who leaves active employment with the Board while participating in the Plan must withdraw therefrom. The employee shall then be paid within sixty (60) days a lump sum equal to the contributions plus interest accrued to date of the withdrawal.

Delay Withdrawal, Redundancy and Death. (a) An employee declared surplus under Article XV, or who leaves active employment with the Board while participating in the Plan Plan, must withdraw therefrom. The employee shall then be paid within sixty (60) days a lump sum equal to the contributions plus interest accrued to date of the withdrawal.

Delay Withdrawal, Redundancy and Death. (a) An employee declared surplus or who leaves active employment with the Board while participating in the Plan Plan, must withdraw therefrom. The employee shall then be paid within sixty thirty (6030) days a lump sum equal to the contributions plus interest accrued to date of the withdrawal.