Common use of Sick Leave Reimbursement into VEBA Clause in Contracts

Sick Leave Reimbursement into VEBA. Contingent on a vote by the Union to authorize continuation of the VEBA program, employees shall have all funds generated by sick leave buyout at retirement contributed to a Voluntary Employee's Beneficiary Association (VEBA). The Union may give notice to GHC at any time that they wish to cancel participation in the VEBA program for the next plan year consistent with the program's guidelines and IRS rules.

Sick Leave Reimbursement into VEBA. Contingent on a vote notification to the Employer by the Union Federation to authorize continuation of the VEBA program, employees covered by this Agreement shall have all funds generated by sick leave buyout at retirement contributed to a Voluntary Employee's ’s Beneficiary Association (VEBA). The Union Federation may give notice to GHC the Employer at any time that they wish to cancel participation in the VEBA program for the next plan year consistent with the program's ’s guidelines and IRS rules.

Sick Leave Reimbursement into VEBA. Contingent on a vote notification to the Employer by the Union Federation to authorize continuation of the VEBA program, employees covered by this Agreement shall have all funds generated by sick leave buyout at retirement contributed to a Voluntary Employee's Beneficiary Association (VEBA). The Union Federation may give notice to GHC the Employer at any time that they wish to cancel participation in the VEBA program for the next plan year consistent with the program's guidelines and IRS rules.

Sick Leave Reimbursement into VEBA. Contingent on a vote by the Union AFT-SPS to 28 authorize continuation of the VEBA program, employees shall have all funds generated by sick 29 leave buyout at retirement contributed to a Voluntary Employee's Beneficiary Association 30 (VEBA). The Union AFT-SPS may give notice to GHC the District at any time that they wish to cancel participation 31 in the VEBA program for the next plan year consistent with the program's guidelines and IRS 32 rules.