Common use of Termination of the Scheme Clause in Contracts

Termination of the Scheme. A participating Employee may terminate the operation of the Scheme by giving at least two weeks’ notice. In such a case the period of leave purchased thus far will be calculated and be made available for the Employee to take at the requisite reduced wage rate.

Termination of the Scheme. (a) A participating Employee may terminate the operation of the Scheme scheme by giving at least two (2) weeks’ notice. In such a case the period of leave purchased thus far will shall be calculated and be made available for the Employee to take at the requisite reduced wage raterate or salary.