Payment and Deferral of Severance Pay. Each eligible employee shall receive his/her severance pay in one (1) payment to be paid at the time of retirement. The parties agree to form a subcommittee of equal representation (Board and Association members) for the purpose of studying the issue of Deferral of Severance Pay through a Special Pay Plan. Any agreement shall be ratified by both parties.
Appears in 4 contracts
Samples: Negotiated Agreement, Negotiated Agreement, dam.assets.ohio.gov
