Our older way is to have UF detected on the low side of the transformer. We have UF enable switches for every feeder. At the feeder, the UF trip contact (in series with the UF enable switch) is in parallel with the other sources of trip (overcurrent, etc.).
Our newer way is to let the multifunction digital relays on the individual feeders handle overcurrent, instantaneous, and underfrequency.
Here we only have to put 40% on UFLS (4 steps, 10% of load on each).
How do you define what 40% of the load is? We take a snapshot of the peak load of the previous year, and pretend that the % load of every feeder is constant throughout the year. This assumption is very helpful, I wouldn't want to have to prove that what I had set to trip was actually 40% at any given moment, loads fluctuate!