Health Insurance Program. a) An employee eligible to and who does retire under his/her retirement program shall have the irrevocable option of applying the dollar value of his/her accumulated sick leave credited to an account for the purpose of payment of insurance premiums during the retirement of said employee. To be eligible for this benefit, the retiring employee must have completed a minimum of five (5) years of compensated full-time service at Xxxxxx Valley Community College. Upon exhaustion of this account, the premiums for health insurance will be paid by the retiree.
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Samples: Agreement, Agreement, Memorandum of Agreement
