Death of the Teacher Sample Clauses

Death of the Teacher. If the teacher dies prior to receiving the full amount of deferred income, the Board or Credit Union as applicable according to the designation of the account, shall, upon receipt of the required legal consents and releases, pay the remaining portion of accumulated salary, plus accrued interest, less required deductions, to the executors or administrators of the estate in one (1) or two (2) lump sums as may be requested by them.
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Death of the Teacher. In the event a retired teacher dies before all of his/her severance pay has been paid by the School District, the retired teacher’s estate shall receive the balance of the severance due.
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Death of the Teacher. If the teacher dies prior to receiving the full amount of deferred income, the Board or Credit Union as applicable according to the designation of the account, shall, upon receipt of the required legal consents and releases, pay the remaining portion of accumulated salary, plus accrued interest, less required deductions, to the executors or administrators of the estate in one (1) or two (2) lump sums as may be requested by them. Subsequent applications for withdrawal in the year preceding the leave shall be granted and the teacher placed in a position in the system, unless such placement requires the termination of a probationary teacher, or the placement of a teacher on the Recall list. In this event, the teacher may be required to take the leave as previously agreed upon. Xxxxxx, extenuating reasons for withdrawal may be considered by the Director of Education or designate. Upon withdrawal from the plan, the accumulated amount of deductions for the plan, plus accrued interest, will be paid to the teacher by the Board or Credit Union, as applicable, according to the designation of the account, in one (1) or two (2) lump sums on dates determined by the teacher, subject to Revenue Canada regulations. The same conditions of repayment shall apply to teachers who:
Sample 1
Death of the Teacher. In the event a retired teacher dies before all of his/her severance pay has ARTICLE XIII DISTRICT MATCH 403(B)
Sample 1

Related to Death of the Teacher

  • DEATH OF BENEFICIARY Unless otherwise provided in the Beneficiary designation, if any Beneficiary dies before the Owner, that Beneficiary's interest will go to any other primary Beneficiaries named, according to their respective interests. If there are no primary Beneficiaries, the Beneficiaries' interest will pass to a contingent Beneficiary, if any. Prior to the Annuity Commencement Date, if no Beneficiary or contingent Beneficiary survives the Owner, the Death Benefits will be paid to the Owner's estate. Unless otherwise provided in the Beneficiary designation, once a Beneficiary is receiving Death Benefits or annuity payments under an Annuity Payment Option, the Beneficiary may name his or her own Beneficiary to receive any remaining benefits due under the Contract, should the original Beneficiary die prior to receipt of all benefits. If no Beneficiary is named or the named Beneficiary predeceases the original Beneficiary, any remaining benefits will continue to the original Beneficiary's estate. A Beneficiary designation must be made by Notice to LNY.

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