Common use of Dissolution of Bank Clause in Contracts

Dissolution of Bank. If the sick leave bank is dissolved for any reason, the balance of days in the account shall be equally distributed into the individual accounts of the current members. However, no employee may receive more sick leave credit under this paragraph (L) than he/she has transferred into the bank.

Dissolution of Bank. 75 If the sick leave bank is dissolved for any reason, the balance of days in the account shall be 76 equally distributed into the individual accounts of the current members. However, no 77 employee may receive more sick leave credit under this paragraph (L) than he/she has 78 transferred into the bank.. 79 N. A Sick Leave Bank Review Committee shall be established by the Association to: 80

Dissolution of Bank. If In the event it becomes necessary to dissolve the sick leave bank is dissolved for any reasonbank, the days remaining in the bank shall be distributed equally to the accumulated sick leave balance of days in the account shall be equally distributed into the individual accounts each of the then current members. However, no employee may receive more sick leave credit under this paragraph (L) than he/she has transferred into the bank.