Procedures for Electing Plant Closing Pension Option Sample Clauses

Procedures for Electing Plant Closing Pension Option. To be eligible for the Plant Closing Pension Option an applicable employee must file an election prior to his or her Plant Closing Date. - The Plant Closing Pension Option election will become effective on the employee's Plant Closing Date unless withdrawn by the employee prior to that date. - Employees electing the Plant Closing Pension Option are not eligible for the Special Early Retirement Option, Special Supplement Benefit Option or Long Service Security provisions.
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