Common use of EARLY RETIREMENT INCENTIVE PLAN Clause in Contracts

EARLY RETIREMENT INCENTIVE PLAN. 16:18.1 The Board will pay an allowance to regular or school-term employees who resign from the School District before reaching age 65, subject to the following conditions: The employee must: - have been actively at work on a regular and continuing basis for the previous twelve (12) month period, - be age 55 or over, - have completed ten (10) years of service in this District, - Provide two (2) calendar months’ written working notice to their Manager. With the Employer’s agreement, the requirement for two (2) calendar months’ working notice may be reduced or waived, - retire from employment in this District prior to his/her 65th birthday.

EARLY RETIREMENT INCENTIVE PLAN. 16:18.1 The Board will pay an allowance to regular or school-term employees who resign from the School District before reaching age 6564, subject to the following conditions: The employee must: - have been actively at work on a regular and continuing basis for the previous twelve (12) month period, - be age 55 or over, - have completed ten (10) years of service in this District, - Provide two (2) calendar months’ written working notice submit an application to their Manager. With the Employer’s agreement, Human Resources Department no later than June 30 in the requirement for two (2) calendar months’ working notice may be reduced or waivedyear in which they wish to retire, - retire from employment in this District prior to his/her 65th 64th birthday.

EARLY RETIREMENT INCENTIVE PLAN. 16:18.1 The Board will pay an allowance to regular or school-term school‐term employees who resign from the School District before reaching age 65, subject to the following conditions: The employee must: - have been actively at work on a regular and continuing basis for the previous twelve (12) month period, - be age 55 or over, - have completed ten (10) years of service in this District, - Provide two (2) calendar months’ written working notice to their Manager. With the Employer’s agreement, the requirement for two (2) calendar months’ working notice may be reduced or waived, - retire from employment in this District prior to his/her 65th birthday.