Early Notification Benefit Sample Clauses
The Early Notification Benefit clause provides an incentive or advantage to a party that promptly informs the other party of a relevant event, issue, or claim. In practice, this clause may grant benefits such as reduced liability, extended coverage, or priority handling if notification is made within a specified timeframe after an incident occurs. Its core function is to encourage timely communication, which helps both parties manage risks more effectively and address issues before they escalate.
Early Notification Benefit. Employees who notify the District of their intent to retire or resign at the end of the school year shall receive one day at their per diem rate for every five years of service in the district to a maximum of four days as follows:
Early Notification Benefit. Employees who notify the District of their intent to retire or resign at the end of the school year shall receive one (1) day at their per diem rate for every five (5) years of service in the district to a maximum of four (4) days as follows:
6.10.1 By December 1 up to four (4) days per diem;
6.10.2 By January 1 seventy-five percent (75%) of up to four (4) days per diem;
6.10.3 February 1 fifty percent (50%) of up to four (4) days per diem.
1. The District’s obligation to provide fifty-two percent (52%) of this responsibility stipend is contingent on current levels of State and Federal funding. If significant reductions from then current levels of State or Federal funding occur, the parties agree to immediately reopen this specific provision regarding this portion of the responsibility stipend.