Common use of MSA/VEBA Clause in Contracts

MSA/VEBA. ANNUAL VOTE. Employees shall vote annually to determine the apportionment of hours exchange into HRA VEBA. The vote shall occur no later than December 15th of the current year to determine the apportionment for the succeeding calendar year. The vote results shall be communicated in writing to the employer no later than December 23rd. All changes resulting from the vote shall be binding upon the employer and employees for the duration of the calendar year. Upon separation from employment, any unused sick leave shall be forfeited and will not be paid as separation pay, except in the case of death or retirement. Upon retirement, twenty-five percent (25%) of the employee's accumulated sick leave shall be paid to the employee’s MSA VEBA or as pay on his/her final check, as determined by annual vote and notice. Upon death, twenty-five percent (25%) of the employee’s accumulated sick leave shall be paid to the employee’s estate. All payments of accumulated sick leave are based on the employee’s base hourly rate at the time of retirement or death.

MSA/VEBA. ANNUAL VOTE. Employees shall vote annually to determine the apportionment of hours exchange into HRA VEBA. The vote shall occur no later than December 15th of the current year to determine the apportionment for the succeeding calendar year. The vote results shall be communicated in writing to the employer no later than December 23rd. All changes resulting from the vote shall be binding upon the employer and employees for the duration of the calendar year. .# Upon separation from employment, any unused sick leave shall be forfeited and will not be paid as separation pay, except in the case of death or retirement. Upon retirement, twenty-five percent (25%) of the employee's accumulated sick leave shall be paid to the employee’s MSA VEBA ▇▇▇▇ or as pay on his/her final check, as determined by annual vote and notice. Upon death, twenty-five percent (25%) of the employee’s accumulated sick leave shall be paid to the employee’s estate. All payments of accumulated sick leave are based on the employee’s base hourly rate at the time of retirement or death.