Common use of Deferred Retirement Clause in Contracts

Deferred Retirement. Any employee who is otherwise qualified to be paid the sick-leave buy-back, so called, that is described in the preceding paragraph (g) but who, having given notice thereof to the University, defers his/her retirement in accordance with the requirements of the State Retirement Act shall be entitled to be paid his/her sick-leave buy-back when he/she actually retires, and the value thereof shall be calculated on the basis of his/her rate of pay as it was when he/she was last employed as a member of the bargaining unit.

Deferred Retirement. Any employee who is otherwise qualified to be paid the sick-sick- leave buy-back, so called, that is described in the preceding paragraph (g) herein but who, having given notice thereof to the University, defers his/his or her retirement in accordance with the requirements of the State Retirement Act shall be entitled to be paid his/his or her sick-leave buy-back when he/she actually retires, and at the value thereof shall be calculated on the basis time of his/her rate of pay as it was when he/she was last employed as a member of the bargaining unitretirement.

Deferred Retirement. Any employee who is otherwise qualified to be paid the sick-leave buy-back, so called, that is described in the preceding paragraph (g) herein but who, having given notice thereof to the University, defers his/her their retirement in accordance with the requirements of the State Retirement Act shall be entitled to be paid his/her their sick-leave buy-back when he/she actually retires, and at the value thereof shall be calculated on the basis time of his/her rate of pay as it was when he/she was last employed as a member of the bargaining unitretirement.

Deferred Retirement. Any employee who is otherwise qualified to be paid the sick-leave buy-back, so called, that is described in the preceding paragraph (g) but who, having given notice thereof to the UniversityCollege, defers his/her his /her retirement in accordance with the requirements of the State Retirement Act shall be entitled to be paid his/her sick-leave buy-back when he/she he /she actually retires, and the value thereof shall be calculated on the basis of his/her rate of pay as it was when he/she he /she was last employed as a member of the bargaining unit.

Deferred Retirement. Any employee who is otherwise qualified to be paid the sick-leave buy-back, so called, that is described in the preceding paragraph (g) herein but who, having given notice thereof to the University, defers his/his or her retirement in accordance with the requirements of the State Retirement Act shall be entitled to be paid his/his or her sick-leave buy-buy- back when he/she actually retires, and at the value thereof shall be calculated on the basis time of his/her rate of pay as it was when he/she was last employed as a member of the bargaining unitretirement.