5.3 ERMUSR 09-08-2020 - Laserfiche WebLink

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(a)s; (b)a failure by the Utilities to provide Employee any material payments or benefits owed to Employee; (c) benefits; or (d) (50) miles away from specific reason for such resignation and provided that such reason has not been cured by the Utilities within said notice period. 6.6.Severance Pay Upon Termination Without CauseorFor Good Reason. On the condition that Employee signs and does not rescind an agreement releasing claims arising out of his/her employment, in a form prescribed by the Utilities, in the event that by the Utilities without Cause or by Employee for Good Reason, the Utilities shall, subject to all conditionsset forth in this Section 6, provide (a)Employee shall be paid out for the amount of earned but unused vacation time in his/her vacation account as of the date of separation, provided they sign and do not rescind an agreement releasing claims arising out of their employment, in a form prescribed by the Utilities, less the amount of any debt then owed by Employee to the Utilities whether or not such debt is then due or payable. (b)Alternatively,ifEmployee retires immediately eligible to claim his/her pension and gives the Utilities at least 60 days notice shall have 100% of unused vacation time converted into cash and deposited into their Post Employment Health Care Savings account. (c)Sick leave shall be subject to limited conversion under the Health Care Savings Plan policy found in the Employee Handbook. Pursuant to such policy, Employee will have 50% of unused sick leave, up to a maximum of 120 days, converted into cash and deposited into his/her Post Employment Health Care Savings account. The form to be provided Employee for release of claims as stated above include adequate Page 6of15 72