Common use of Early Retirement Incentive Clause in Contracts

Early Retirement Incentive. Members must provide written binding notification to Human Resources by February 1, 2008 of their retirement at the end of this school year. Members who do so will be paid an incentive as follows: a. Members with nineteen (19) or less years of district service will receive $500.00 b. Members with twenty (20) or more years of district service will receive $1000.00.

Early Retirement Incentive. Members must provide written binding notification to Human Resources by February 1, 2008 of 1of their retirement at the end of this school year. Members who do so will be paid an incentive as follows: a. Members with nineteen (19) or less years of district service will receive $500.00 b. Members with twenty (20) or more years of district service will receive $1000.00.