Conversion at Retirement Employees Hired After January 1, 2013 Sample Clauses

Conversion at Retirement Employees Hired After January 1, 2013. Upon retirement 6 from the Xxxxxx County Sheriff’s Office, any employee hired after January 1, 2013, who has not 7 less ten (10) years continuous employment with the Employer, and qualifies for retirement 8 benefits from a State of Ohio Retirement System, and retires shall be entitled to convert unused 9 sick leave, as certified by the Sheriff’s office, to cash and be paid at the current hourly rate for all 10 unused time in accordance with the following schedule: 12 Percentage Maximum 13 of Accrued Paid
Sample 1See All (5)
Conversion at Retirement Employees Hired After January 1, 2013. Upon retirement from the Medina County Sheriff’s Office, any employee hired after January 1, 2013, who has not less than ten (10) years continuous employment with the Employer, and qualifies for retirement benefits from a State of Ohio Retirement System and retires, shall be entitled to convert unused sick leave, as certified by the Sheriff’s office, to cash and be paid at the current hourly rate for all unused time in accordance with the following schedule: Years of Service Percentage of Accrued Sick Maximum Paid Hours 10 years of public service 25% 240 10 years of Medina County service 33% 360 15 years of Medina County service 50% 480 20 years of Medina County service 50% 720 25 years of Medina County service 50% 960 Payment for sick leave conversion shall eliminate all accrued sick leave credit. Such payment shall be made only once to any employee.
Sample 1
Conversion at Retirement Employees Hired After January 1, 2013. Upon retirement from the Xxxxxx County Sheriff’s Office, any employee hired after January 1, 2013, who has not less than ten (10) years continuous employment with the Employer, and qualifies for retirement benefits from a State of Ohio Retirement System and retires, shall be entitled to convert unused sick leave, as certified by the Sheriff’s office, to cash and be paid at the current hourly rate for all unused time in accordance with the following schedule: Years of Service Percentage of Accrued Sick Maximum Paid Hours 10 years of public service 25% 240 10 years of Xxxxxx County service 33% 360 15 years of Xxxxxx County service 50% 480 20 years of Xxxxxx County service 50% 720 25 years of Xxxxxx County service 50% 960 Payment for sick leave conversion shall eliminate all accrued sick leave credit. Such payment shall be made only once to any employee.
Sample 1

Related to Conversion at Retirement Employees Hired After January 1, 2013

  • Public Employees Retirement System “PERS”) Members.

  • Normal Retirement Date The term “Normal Retirement Date” means “Normal Retirement Date” as defined in the primary qualified defined benefit pension plan applicable to the Executive, or any successor plan, as in effect on the date of the Change in Control of the Company.

  • Retirement Date If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the Executive’s sixty-fifth (65th) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extended.

  • Special Parental Allowance for Totally Disabled Employees (a) An employee who: (i) fails to satisfy the eligibility requirement specified in subparagraph 17.05(a)(ii) solely because a concurrent entitlement to benefits under the Disability Insurance (DI) Plan, the Long-term Disability (LTD) Insurance portion of the Public Service Management Insurance Plan (PSMIP) or via the Government Employees Compensation Act prevents the employee from receiving Employment Insurance or Québec Parental Insurance Plan benefits, and (ii) has satisfied all of the other eligibility criteria specified in paragraph 17.05(a), other than those specified in sections (A) and (B) of subparagraph 17.05(a)(iii), shall be paid, in respect of each week of benefits under the parental allowance not received for the reason described in subparagraph (i), the difference between ninety-three per cent (93%) of the employee's rate of pay and the gross amount of his or her weekly disability benefit under the DI Plan, the LTD Plan or via the Government Employees Compensation Act. (b) An employee shall be paid an allowance under this clause and under clause 17.05 for a combined period of no more than the number of weeks during which the employee would have been eligible for parental, paternity or adoption benefits under the Employment Insurance or Québec Parental Insurance Plan, had the employee not been disqualified from Employment Insurance or Québec Parental Insurance Plan benefits for the reasons described in subparagraph (a)(i).

  • Early Retirement Date Early Retirement Date shall mean a retirement from employment which is effective prior to the Normal Retirement Age stated herein, provided the Executive has attained age sixty (60) with thirty (30) years of service with the bank.

  • Special Maternity Allowance for Totally Disabled Employees (a) An employee who: (i) fails to satisfy the eligibility requirement specified in subparagraph 17.02(a)(ii) solely because a concurrent entitlement to benefits under the Disability Insurance (DI) Plan, the Long term Disability (LTD) Insurance portion of the Public Service Management Insurance Plan (PSMIP) or the Government Employees Compensation Act prevents her from receiving Employment Insurance or Québec Parental Insurance Plan maternity benefits, and (ii) has satisfied all of the other eligibility criteria specified in paragraph 17.02(a), other than those specified in sections (A) and (B) of subparagraph 17.02(a)(iii), shall be paid, in respect of each week of maternity allowance not received for the reason described in subparagraph (i), the difference between ninety-three per cent (93%) of her weekly rate of pay and the gross amount of her weekly disability benefit under the DI Plan, the LTD Plan or via the Government Employees Compensation Act. (b) An employee shall be paid an allowance under this clause and under clause 17.02 for a combined period of no more than the number of weeks during which she would have been eligible for maternity benefits under the Employment Insurance or Québec Parental Insurance Plan had she not been disqualified from Employment Insurance or Québec Parental Insurance maternity benefits for the reasons described in subparagraph (a)(i).

  • 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.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Pre-Retirement Leave An Employee scheduled to retire and to receive a superannuation allowance under the applicable pension Acts or who has reached the mandatory retiring age, shall be entitled to: (a) A special paid leave for a period equivalent to fifty percent (50%) of his/her accumulated sick leave credit, to be taken immediately prior to retirement; or (b) A special cash payment of an amount equivalent to the cash value of fifty percent (50%) of his/her accumulated sick leave credit, to be paid immediately prior to retirement and based upon his/her current rate of pay.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.