Advanced Notice of Retirement Benefits Sample Clauses

Advanced Notice of Retirement Benefits. A teacher who meets the eligibility requirements of Section A above and provides the Human Resources Office a written retirement letter on or before February 1 of the last year of teaching before retirement shall receive Fifty Dollars ($50.00) for each day of unused accumulated personal leave (maximum of five (5) days). This amount shall be paid to the teacher on his payday following his/her last teacher day.
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Advanced Notice of Retirement Benefits. This service credit shall be deposited in the teacher’s account with a School District’s Qualified Tax Deferred Plan as soon as administratively possible after the last day the teacher receives pay before they retire. In order to become eligible for the benefits described in this section, the retiring teacher shall notify the Superintendent in writing of his/her intent to retire on or before the teacher’s last regular contracted day. This requirement shall be waived if retirement is due to disability. If a teacher currently employed by the School Corporation who has attained age fifty (50) or more before September 1st of the next contract year and who has been employed for at least ten (10) years in the School Corporation becomes deceased, his/her estate shall receive his/her service credit based on the computations outlined in this section.
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Advanced Notice of Retirement Benefits. This service credit shall be deposited in the teacher’s account with a School District’s Qualified Tax Deferred Plan as soon as administratively possible after the last day the teacher receives pay before they retire. This amount shall be paid to the teacher on his/her payday following his/her last teacher day. Any additional unused medical leave or personal leave days credited for the current school year in which the teacher will retire shall be pro-rated as of the last teacher day. This service credit shall be deposited in the teacher’s account with a School District’s Qualified Tax Deferred Plan as soon as administratively possible after the last day the teacher receives pay before they retire. In order to become eligible for the benefits described in this section, the retiring teacher shall notify the Superintendent in writing of his/her intent to retire on or before the teacher’s last regular contracted day. This requirement shall be waived if retirement is due to disability. If a teacher currently employed by the School Corporation who has attained age fifty (50) or more before September 1st of the next contract year and who has been employed for at least ten (10) years in the School Corporation becomes deceased, his/her estate shall receive his/her service credit based on the computations outlined in this section.
Sample 1

Related to Advanced Notice of Retirement Benefits

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

  • Early Retirement Benefits If elected in the Adoption Agreement, an Early Retirement benefit may be available to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

  • Employer Compensation Upon Separation An Employee, upon her separation from employment, shall compensate the Employer for vacation which was taken but to which she was not entitled.

  • Effective Date of Benefit Termination Medical, dental and life coverage termination will take effect on the first of the month following the loss of eligible employee or dependent status. Disability benefit coverage terminations will take effect on the day following loss of eligible employee status.

  • Long Term Disability Benefit In the event an employee, while covered under this plan, becomes totally disabled as a result of an accident or a sickness, then, after the employee has been totally disabled for seven (7) months, including periods approved in Section 1.3(a) and (c), he/she shall be eligible to receive a monthly benefit as follows:

  • Death Benefits Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Termination Benefits (a) If Executive’s employment is voluntarily (in accordance with Section 2(a) of this Agreement) or involuntarily terminated within two (2) years of a Change in Control, Executive shall receive:

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