Common use of Application and Agreement Clause in Contracts

Application and Agreement. a) Application is voluntary. An employee who wishes to be considered for an early retirement incentive shall do so in keeping with the procedures and dates described in the College's annual "letter of interest" sent to eligible employees. Such application would then be considered a standing application for the following 12 month period. Applications must be submitted annually in response to the College's "letter of interest." The Association shall be advised in writing of all applications made by employees. b) An employee has the right to accept or decline an early retirement incentive offer made by the College within 30 days of the offer being proposed unless that period is extended by mutual agreement. c) In the event of acceptance of an offer of early retirement incentive, an employee's date of retirement shall be effective on a date mutually agreed upon between the employee and the appropriate Vice President, in keeping with legislation and the maintenance of full years to retirement upon which the incentive was calculated. All earned vacation entitlements (other than the "banked" 11 day credit preserved by some employees) shall be utilized prior to the date of retirement. d) The individual early retirement incentive agreement shall be in writing and shall specify the early retirement date, the agreed-upon incentive option, payment dates and specific dollar amount of the incentive. The Association shall be copied on all agreements.

Application and Agreement. a) Application to the plan is voluntary. An employee instructor who wishes to be considered for an early retirement incentive shall incentiveshall do so in keeping with the procedures and dates described in the College's ’s annual "“letter of interest" ” sent to eligible employees. Such application would then be considered a standing application for the following 12 twelve-month period. Applications must be submitted annually in response to the College's "’s “letter of interest." ” The Association shall be advised in writing of all applications made by employees. b) instructors. An employee instructor has the right to accept or decline an early retirement incentive offer made by the College within 30 thirty days of the offer being proposed unless that period is extended by mutual agreement. c) . In the event of acceptance of an offer of early retirement incentive, an employee's instructor’s date of retirement shall be effective on a date mutually agreed upon between the employee instructor and the appropriate Vice President, in keeping with legislation and the maintenance of full years to retirement upon which the incentive was calculated. All earned vacation entitlements (other than the "“banked" 11 ” eleven day credit preserved by some employeesinstructors) shall be utilized prior to the date of retirement. d) . The individual early retirement incentive agreement shall be in writing and shall specify the early retirement date, the agreed-upon incentive option, payment dates and specific dollar amount of the incentive. The Association shall be copied on all agreements.