Common use of Retirement Weapon Clause in Contracts

Retirement Weapon. All employees shall be given an opportunity to purchase their service weapon upon their retirement by age and service or disability. The price of such weapon shall be the initial purchase price of the weapon for the first year after its purchase and 20 percent less, for each succeeding year until after five (5) years when the purchase price shall be one dollar ($1.00); unless the retirement is for reasons of psychological disability, whereupon the employee shall receive the dollar value of the service weapon, as based upon the formula above. In a case where a member is killed in the line of duty, the surviving spouse or other immediate family member may purchase the deceased employee’s service weapon, by making a request of the Superintendent. The Superintendent shall have the sole authority in determining if the sale of the service weapon is appropriate. The service weapon will be rendered inoperable prior to the sale.

Retirement Weapon. All employees shall be given an opportunity to purchase their service weapon upon their retirement by age and service or disability. The price of such weapon shall be the initial original purchase price of the weapon for the first year after its purchase it is purchased and 20 twenty percent less, (20%) less for each succeeding year until after five (5) years when the purchase price shall be one dollar ($1.00)1) dollar; unless the retirement is for reasons of psychological disability, whereupon the employee shall receive the dollar value of the service weapon, as based upon the formula above. In a case where a member is killed in the line of duty, the surviving spouse or other immediate family member may purchase the deceased employee’s service weapon, by making a request of the Superintendent. The Superintendent shall have the sole authority in determining if the sale of the service weapon is appropriate. The service weapon will be rendered inoperable prior to the sale.

Retirement Weapon. All employees shall be given an opportunity to purchase their service weapon upon their retirement by age and service or disability. The price of such weapon shall be the initial purchase price of the weapon for the first year after its purchase and 20 percent less, for each succeeding year until after five (5) years when the purchase price shall be one dollar ($1.00); unless the retirement is for reasons of psychological disability, whereupon the employee shall receive the dollar value of the service weapon, as based upon the formula above. In a case where a member is killed in the line of duty, the surviving spouse or other immediate family member may purchase the deceased employee’s employee‟s service weapon, by making a request of the Superintendent. The Superintendent shall have the sole authority in determining if the sale of the service weapon is appropriate. The service weapon will be rendered inoperable prior to the sale.