Common use of Sick Leave Reimbursement into VEBA Clause in Contracts

Sick Leave Reimbursement into VEBA. Contingent on a notification to the Employer by the 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 Federation may give notice to 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 notification to the Employer vote by the Federation Union 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 Federation Union may give notice to the Employer 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 notification to the Employer by the 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 Federation may give notice to 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.