Common use of Personal Leave Time Upon Retirement, Termination or Death Clause in Contracts

Personal Leave Time Upon Retirement, Termination or Death. All Personal Leave Time remaining in an Employee’s Personal Leave Time bank and any Personal Leave Time accrued will be paid at a rate equal to 100% of the Employee’s current regular straight- time hourly rate when Employee, resigns, or is terminated or laid off by the Employer. Upon retirement, after five (5) years of continuous service, or in the event of the death of an Employee, this benefit will be paid as designated by the Employee, at 100% of the Employee’s current regular straight-time hourly rate. (Amended 2-1-06)

Personal Leave Time Upon Retirement, Termination or Death. All Personal Leave Time remaining in an Employee’s Personal Leave Time bank and any Personal Leave Time accrued will be paid at a rate equal to 100% of the Employee’s current regular straight- straight-time hourly rate when Employee, resigns, or is terminated or laid off by the Employer. Upon retirement, after five (5) years of continuous service, or in the event of the death of an Employee, this benefit will be paid as designated by the Employee, at 100% of the Employee’s current regular straight-time hourly rate. (Amended 2-1-06)

Personal Leave Time Upon Retirement, Termination or Death. All Personal Leave Time remaining in an Employeeemployee’s Personal Leave Time bank and any Personal Leave Time accrued will be paid at a rate equal to 100% of the Employeeemployee’s current regular straight- time hourly rate when Employeehe, resigns, or is terminated or laid off by the EmployerCooperative. Upon retirement, after five (5) years of continuous service, or in the event of the death of an Employeeemployee, this benefit will be paid as designated by the Employeeemployee, at 100% of the Employeeemployee’s current regular straight-time hourly rate. (Amended 2-1-06)