Common use of Severance Reduction Clause in Contracts

Severance Reduction. An employee eligible for a severance payment as provided in Sections 1 through 3 of this article shall have their maximum severance amount reduced by an amount equal to the Board’s total contribution to the employee’s matching plan.

Appears in 6 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement