Common use of Severance Reduction Clause in Contracts

Severance Reduction. Employees eligible for and participating in the matching plan will have their severance payment reduced by the amount of the Board’s total contribution, as outlined in Section 4, Subd. 2.

Severance Reduction. Employees eligible for and participating in the matching plan will have their severance payment reduced by the amount of the Board’s total contribution, as outlined in Section 4, Subd. 2.the