Common use of Transition Provisions Clause in Contracts

Transition Provisions. The purpose of the matching tax deferred savings plan is to replace the severance payment in Article XV. Employees with a seniority date prior to July 1, 2007, may irrevocably choose to participate in the matching tax deferred savings plan and thereby forfeit their rights to the severance benefits of Article XV.

Transition Provisions. The purpose of the matching tax deferred savings plan is to replace the severance payment and post retirement District insurance contributions provided for in Article XV. Employees with a seniority date prior to July 1, 2007, may irrevocably choose to participate in Articles IX and XVII of the matching tax deferred savings plan and thereby forfeit their rights to the severance benefits of Article XVAgreement.

Transition Provisions. The purpose of the matching tax deferred savings plan is to replace the severance payment and post retirement District insurance contributions provided for in Article XV. Employees with a seniority date prior to July 1, 2007, may irrevocably choose to participate in Articles IX and XVII of the matching tax deferred savings plan and thereby forfeit their rights to the severance benefits of Article XVMaster Contract.