Plan Agreement. Any employee who accepts recall shall have his previously accumulated seniority rights, pension, S.U.B., insurance and vacation credits as of the last day the employee worked or at the date of permanent shutdown, whichever occurs later, reinstated on the date he returns to work. E. An employee who is not eligible for an immediate pension may elect layoff and shall receive S.U.
Appears in 3 contracts
Samples: Basic Agreement (Southdown Inc), Basic Agreement (Southdown Inc), Basic Agreement (Southdown Inc)
Plan Agreement. Any employee who accepts recall shall have his previously accumulated seniority rights, pension, S.U.B., insurance insurance, and vacation credits as of the last day the employee worked or at the date of permanent shutdown, whichever occurs later, reinstated on the date he returns to work.
E. An employee who is not eligible for an immediate pension may elect layoff and shall receive S.U.B. layoff or reduced layoff benefits provided the eligibility and other requirements of the S.U.
Appears in 1 contract
Plan Agreement. Any employee who accepts recall shall have his previously accumulated seniority rights, pension, S.U.B., insurance and vacation credits as of the last day the employee worked or at the date of permanent shutdown, whichever occurs later, reinstated on the date he returns to work.
E. An employee who is not eligible for an immediate pension may elect layoff and shall receive S.U.
Appears in 1 contract
Samples: Basic Agreement (Southdown Inc)