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.

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 o riginal 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 ($1.001) 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.

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); 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 above1) dollar.

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 ($1.001) 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.

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.

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.