LEOSSA definition

LEOSSA means separation allowance that the Employer is required to pay to its law enforcements officers pursuant to N.C.G.S. § 143-166.42.
View Source
LEOSSA means, the “law enforcement officers special separation allowance.”
View Source

Examples of LEOSSA in a sentence

  • Upon any termination of the Employer’s obligation to provide the LEOSSA pursuant to the Employer’s policies, the Assets of the Trust shall be distributed by the Trustee when directed by the Plan Administrator.

  • Continuance of the Trust and continuation of the Employer’s policies that provide the LEOSSA are not assumed as a contractual obligation of the Employer.

  • The Assets of the Trust shall be held in trust for the exclusive purpose of providing LEOSSA to the eligible employees of the Employer pursuant N.C.G.S. § 143-166.42 and defraying the reasonable expenses associated with the providing of such benefits, and shall not be used for or diverted to any other purpose.

  • The Employer shall be responsible for Plan-level accounting for the LEOSSA.

  • The Employer shall be responsible for Plan-level accounting for LEOSSA.

  • The Assets of the Trust shall be held in trust for the exclusive purpose of providing the LEOSSA to the Eligible Employees of the Employer pursuant to the Employer’s policies, and defraying the reasonable expenses associated with the providing of such benefits, and shall not be used for or diverted to any other purpose.

  • The Assets shall be held for the exclusive purposes of providing LEOSSA to eligible employees and defraying reasonable expenses of administering the Trust.

  • The Assets in the Trust shall be held in trust for the exclusive purpose of providing the LEOSSA to eligible employees of the Employer and defraying the reasonable administrative and actuarial expenses of the Trust.

  • A termination of the Employer’s obligation to provide the LEOSSA pursuant to the Employer’s policies for which the Trust was established shall not, in itself, effect a termination of the Trust.

  • The Assets in the Trust shall be held in trust for the exclusive purpose of providing LEOSSA to eligible employees of the Employer and defraying the reasonable administrative and actuarial expenses of the Trust.