Common use of Transition Rules Clause in Contracts

Transition Rules. a. For any employee who (i) is employed by subsidiary-United immediately prior to November 1, 2013, (ii) is at least age 55 on November 1, 2013, and (iii) retires under Section K.1 above, on the date such employee retires the Company will credit the employee’s sick bank with 528 hours (inclusive of any existing sick hours in the employee’s sick bank on the date such employee retires), reduced by the number of sick bank hours the employee uses between November 1, 2013 and the date the employee would turn age 61.

Transition Rules. a. For any employee who (i) is employed by subsidiary-United immediately prior to November 1, 2013, (ii) is at least age 55 on November 1, 2013, and (iii) retires under Section K.1 above, on the date such employee retires the Company will credit the employee’s sick bank with 528 hours (inclusive of any existing sick hours in the employee’s sick bank on the date such employee retires), reduced by the number of sick bank hours the employee uses between November 1, 2013 and 2013and the date the employee would turn age 61.