Termination and Retirement. All active participants terminate two years after the valuation date, or immediately, if that produces a higher liability. Benefit payments begin at the earliest retirement date following termination.
Termination and Retirement a. At any time during your employment, either the Employer or Employee shall be entitled to terminate the employment subject to the notice period set forth below. The Employee may terminate the employment by giving 60 (Sixty) day’s written notice or 2 (Two) month’s salary which is based on annual fixed compensation, in lieu of notice to the Employer. The Employer may terminate the employment by giving 60 (Sixty) day’s written notice or 2 (Two) month’s salary which is based on annual fixed compensation, in lieu of notice to the Employee, subject to the release date being approved by the Employer. During the notice period, the Employee shall cooperate with the Employer in ensuring smooth transition and handover of responsibilities failing which the Employer shall be authorized to withhold/forfeit your dues.
Termination and Retirement. An employee who retires from City service shall receive an additional retirement plan contribution that is equal to fifty percent (50%) of the cash value in wages of all accrued sick leave. An employee shall be considered to have retired from City service only if he or she begins receiving Social Security retirement (not disability) benefits upon termination of City employment, or if he or she has thirty (30) or more years of service with the City.
Termination and Retirement. 14:01 An SSP may terminate employment with the Board at any time. An SSP shall be expected to give ten
Termination and Retirement. The normal retirement age shall be (65). In exceptional circumstances, the Chief Administrative Officer may, in the interest of the City, recommend to the Council for approval, extension of the retirement age provided that not more than one (1) year extension shall be granted at any one time, and that in no case shall any extension be granted beyond the employee's seventieth (70t birthday.
Termination and Retirement. Employees terminating with more than twelve (12) months of Hospital service will receive payment for unused accrued Earned Time at their then regular rate of pay, (see Article XXIV, Section 4). Earned Time may not be used to extend the termination date beyond the last actual day of work. The employee’s department may deny payment of Earned Time during the final four (4) weeks of employment. Employees terminated for misconduct will forfeit accrued Earned Time.
Termination and Retirement. An employee who dies while in active service and who has accrued, but unused, longevity “days” shall have paid to his/her estate for each unused longevity “day’ his/her prevailing hourly rate (defined in Article VI; Definition of Pay Rates), multiplied by 12 hours and the longevity payment addressed in Article VII of this Agreement. In the year immediately preceding retirement or termination of employment (for any reason), an employee may elect to defer longevity “days” otherwise due to him/her and receive in his/her final paycheck for each unused longevity “day” his/her prevailing current hourly rate, multiplied by 12, in addition to longevity pay due pursuant to Article VII of this Agreement. Employees of the Bargaining Unit who retire before twenty (20) years of service shall receive and be paid an additional twenty-one (21) day of vacation at three (3) weeks of normal pay. Said employees who have completed twenty (20) years employment with the Department shall be entitled to an additional twenty-eight (28) consecutive days of vacation at normal pay upon notifying the Employer thirty (30) days prior to his/her retirement date and during said time the vacation shall be granted. If a member of the Bargaining Unit dies upon completion of their twentieth (20th) year of employment or later, the deceased Firefighter's estate shall be entitled to the additional four (4) weeks of normal pay, notwithstanding the fact that the required notice was not given or actual vacation taken. In the event of termination or retirement, the employee shall be credited with and paid for all unused vacation prorated for each full month worked during the vacation year in which he/she is terminated.
Termination and Retirement. 15.1 This Agreement may be terminated by either party with six (6) months’ written notice. Notice must be given to expire at the end of a month.
Termination and Retirement. You will resign your employment with the Company effective as of June 30, 2003 (the "Retirement Date"). As of the Retirement Date, you will cease to be an officer of Triton, the Company and their subsidiaries and affiliates, as applicable. You will also resign from the Board of Directors of Xxxxxx (the "Board") effective immediately following the conclusion of the currently scheduled May 2003 Board meeting (expected to occur on or about May 6, 2003) and hereby agree to deliver a letter of resignation addressed to the Corporate Secretary of Xxxxxx (the "Director Resignation Letter") at the May 2003 Board meeting. Announcement of your retirement shall be made at a time mutually agreeable to you and Triton, but in no event will any announcement be made prior to Xxxxxx's First Quarter 2003 earnings report release, currently expected to occur no later than May 15, 2003. Notwithstanding the foregoing, you understand that if your resignation is because of a disagreement with Xxxxxx relating to its operations, policies, or practices and the Director Resignation Letter describes such disagreements and requests disclosure of such matters, Xxxxxx will be obligated to disclose your resignation and describe such disagreement on a Form 8-K as provided under applicable Securities and Exchange Commission rules and regulations. You should also be aware that the Securities and Exchange Commission has proposed certain changes to rules relating to the disclosure of directors' and officers' resignations that, if implemented, may effect the disclosure required in connection with your termination and the parties to this Agreement agree to comply with any applicable requirements.
Termination and Retirement. 17 - 11.1. Term of Agreement.............................................- 17 - 11.2. Extended Term.................................................- 17 - 11.3. Termination by OSMC II for Cause..............................- 17 - 11.4. Termination by SCN for Cause..................................- 18 - 11.5. Termination by Physician Owners...............................- 19 - 11.6. Closing of Purchase by OSMC II and Effective Date of Termination...............................- 20 - 11.7. Tail Policy...................................................- 20 - ARTICLE XII.
