Early Retirement Incentive and Reduction Sequence Sample Clauses

Early Retirement Incentive and Reduction Sequence a) Where it is deemed possible to offset the impact of the Reduction Sequence (Article 10.5.3.3) through the offering of early retirement incentive to a faculty member (who qualifies as per Article 22.1 above), an incentive shall be offered if the cost of such incentive is the same as or no more than the cost that would be incurred through layoff or transfer of another regular faculty member.
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Early Retirement Incentive and Reduction Sequence a) Where it is deemed possible to offset the impact of Article 11.4
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Early Retirement Incentive and Reduction Sequence a) Where it is deemed possible to offset the impact of the Reduction Sequence (Article through the offering of early retirement incentive to an instructor (who qualifies as per Article an incentive shall be offered if the cost of such incentive is the same as or no more than the cost that would be incurred through layoff or transfer of another regular instructor. Such offers may be made at any time during the year and need part of the exercise described in Article Notwithstanding the possibility of effecting an early retirement, advance notification of layoff or transfer pursuant to Article (Instructor Reduction, Severance Pay, and Recall) may be given to the affected regular instructor while the instructor to whom early retirement has been offered is considering that offer.
Sample 1
Early Retirement Incentive and Reduction Sequence. (a) Where it is deemed possible to offset the impact of the reduction sequence (clause 20.03) through the offering of an early retirement incentive to an employee who qualifies in accordance with subsection 20.01(3)(ii), an incentive shall be offered if the cost of such incentive is the same as or no more than the cost that would be incurred through layoff or transfer of another full-time continuing employee.
Sample 1
Early Retirement Incentive and Reduction Sequence. Incentive Alternatives and Method of Incentive Payment.. ............... Protection of Medical Benefit Coverage .............................................. Financial Counselling ..........................................................................
Sample 1
Early Retirement Incentive and Reduction Sequence a) Where it is deemed possible to offset the impact of the Reduction Sequence (Article through the offering of early retirement incentive to an instructor (who qualifies as per Article an incentive shall be offered if the cost of such incentive is the same as or no more than the cost that would be incurred through layoff or transfer of another regular instructor. Such offers may be made at any time during the year and need not be part of the exercise described in Article Notwithstanding the possibility of effecting an early retirement, advance notification of layoff or transfer pursuant to Article may be given to the affected regular instructor while the instructor to whom early retirement has been offered is considering that offer.
Sample 1
Early Retirement Incentive and Reduction Sequence a) Where it is deemed possible to offset the impact of the Reduction
Sample 1
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Related to Early Retirement Incentive and Reduction Sequence

  • Early Retirement Incentive The Employer may offer to any faculty member or a faculty member may apply for one of the early retirement incentive alternatives described herein, provided the faculty member meets the following criteria. The Union shall be advised in writing of any offer of early retirement made to a faculty member.

  • EARLY RETIREMENT INCENTIVE PLAN 1. The Board will pay an allowance to continuing contract teachers who retire from teaching in the District under the Teachers' Pension Plan, before reaching age sixty (60), subject to the following conditions: The teacher must:

  • Early Retirement Benefits If elected in the Adoption Agreement, an Early Retirement benefit may be available to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

  • Benefits on Early Retirement The Hospital will provide equivalent coverage to all employees who retire early and have not yet reached age 65 and who are in receipt of the Hospital’s pension plan benefits on the same basis as is provided to active employees for semi-private, extended health care and dental benefits. The Hospital will contribute the same portion towards the billed premiums of these benefits plans as is currently contributed by the Hospital to the billed premiums of active employees.

  • Early Retirement Option The District may offer an early retirement incentive for unit members.

  • RETIREMENT PICK-UP 179. The City shall pick up the full amount of the employees' contribution to retirement.

  • Employer Compensation Upon Separation An Employee, upon their separation from employment, shall compensate the Employer for vacation which was taken but to which they were not entitled.

  • Early Retirement An employee entitled to twenty-five (25) or more days of annual vacation shall be entitled to defer up to five (5) days per year of vacation into an Early Retirement Bank. An employee entitled to thirty (30) or more days of annual vacation shall be entitled to defer up to ten (10) days per year of vacation into an Early Retirement Bank. Such deferred vacation may only be taken immediately prior to retirement. The Employer may, at its sole discretion, permit an employee to use such banked vacation under other circumstances.

  • Employee Compensation Upon Separation An Employee, upon her separation from employment, shall be compensated for vacation leave to which she is entitled.

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