Common use of Purpose of Plan Clause in Contracts

Purpose of Plan. The purpose of the Plan is to assist employees of the Board who are covered by the Plan who are desirous of terminating employment sooner than they would otherwise retire. Participation in the Plan is totally voluntary on the part of an eligible employee. If an eligible employee elects not to resign under the Plan, the employee’s election shall not have any impact on the employee’s current or future employment with the Board.