Early Retirement Window Sample Clauses

Early Retirement Window. The University agrees to extend the early retirement window to June 30, 2005. A “bridge benefit” will be payable under the early retirement window equal to:
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Early Retirement Window. The Company will offer bargaining unit employees as of the Effective Date of the Labor Dispute Settlement Agreement for the duration of an election period, the following Early Retirement Window benefits in accordance with their length of Seniority (including service with predecessor companies, as of the date of ratification) until a maximum of 200 employees have accepted such offers: A. immediate and unreduced pension benefits for all service with RMSM (including the period of the labor dispute); and B. for each year of service prior to March 3, 1993 (including service with predecessor companies) an additional monthly pension benefit of $10.00. C. In exchange for the early retirement benefits listed above in A. and B., employees who accept early retirement shall be required to sign a full release of all claims against the Company, subject to the approval of the Union, and will not be eligible for re-employment with the Company. Employees who accept the early retirement benefits shall not be eligible for pension benefit improvements in the Collective Bargaining Agreements other than those benefit improvements described in this Section X. D. The parties shall work together to structure the timing of any early retirements for the purpose of minimizing any adverse effect on the Company's operations. E. The Company shall be responsible for drafting a Summary Plan Description for the Early Retirement Window, subject to the approval of the Union.
Sample 1
Early Retirement Window. A one time window shall be offered to a maximum of 15 employees, based on seniority, who have attained the age of 55 and have 30 years of service by August 1, 2014. Employees must retire between August 1, 2013 and August 1, 2014. Employees who wish to take advantage of this must elect to do so between August 1, 2013 and October 31, 2013. Employees will receive no early retirement reduction. June 2, 2012 The company may implement a Weekend Work Schedule in accordance with the following provisions:
Sample 1
Early Retirement Window. The University agrees to extend the early retirement window to June percent of Highest Average Earnings up to average maximum salary Times Pensionable service Reduced by Three (3) percent for each year (prorated for partial years) that the early retirement date the first of the month following age sixty (60). The bridge benefit is payable until the earlier of the first of the month in which the participant reaches age sixty-five (65)or the first month in which the participant dies. Additional Lifetime Pension for Pensioners who Retired to and June For eligible pensioners under the University of Toronto Pension Plan who retired from the University up to and including June pension benefits will be recalculated by using a benefit rate of percent on highest average salary up to the average maximum salary, instead of percent used in the original calculation. For those pensioners with part-time service before July the pension earned for this service, which was calculated under a different formula, will be increased by thirty (30) percent. The additional pension resulting from the recalculation will be payable starting July April Xxxx Xxxxxxxxx National Representative Canadian Union of Public Employees, Local Part-Time Bargaining Unit Avenue, Suite Scarborough, Ontario Dear The University agrees that dependents of employees in the bargaining unit shall be entitled to the benefits of the Tuition Waiver for Dependents Policy attached hereto. It is agreed that the University may amend the aforesaid Policy from time to time. Yours truly, Xxxx Xxx Xxxx Director, Labour Relations TUITION WAIVER FOR DEPENDENTS
Sample 1
Early Retirement Window. The University agrees to extend the 55/75 early retirement window to December A “bridge benefit” will be payable under the early retirement window equal to: percent of HIGHEST AVERAGE EARNINGS up to average maximum salary Multiplied by Pensionable service Reduced by Three (3%)percent for each year (prorated for partial years) that the early retirement date precedes the first of the month following age sixty (60). The bridge benefit is payable until the earlier of: the first of the month in which the participant reaches age sixty-five (65) or the first of the month in which the participant dies. Additional Lifetime Pension for Pensioners who Retired up to and June For eligible pensioners under the University of Toronto Pension Plan who retired from the University up to and including June pension benefits will be recalculated by using a benefit rate of percent on highest average salary up to the average maximum salary, instead of percent used in the original calculation. For those pensioners with part-time service before July the pension earned for this service, which was calculated under a different formula, will be increased by thirty (30) percent. The additional pension resulting from the recalculation will be payable starting July Xxxx Xxxxxxxxx National Representative Canadian Union of Public Employees, Local Full-Time Bargaining Unit Avenue Suite Scarborough, Ontario Dear Re: Articles and (Pregnancy, Adoption, and Parental Leave) Of the Full-Time Collective Agreement I am writing to confirm and record our agreement in negotiations for a renewal Collective Agreement that if during the term of the renewal agreement, or any statutory freeze period beyond the term of the renewal Collective Agreement, a grievance is filed alleging that the above-noted provisions of the Collective Agreement discriminate in any way against non-adoptive parents, the parties agree as follows:
Sample 1

Related to Early Retirement Window

  • Early Retirement Age The age set by the Employer in the Adoption Agreement, not less than age fifty-five (55), at which a Participant becomes fully vested and is eligible to retire and receive his or her benefits under the Plan.

  • Early Retirement Date Early Retirement Date shall mean a retirement from employment which is effective prior to the Normal Retirement Age stated herein, provided the Executive has attained age sixty (60) with thirty (30) years of service with the bank.

  • 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.

  • Normal Retirement Age Normal Retirement Age shall mean the date on which the Executive attains age sixty-five (65).

  • Early Retirement Benefit Upon Termination of Service prior to the Normal Retirement Age for reasons other than death, Change of Control or Disability, the Company shall pay to the Director the benefit described in this Section 4.2 in lieu of any other benefit under this Agreement.

  • 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.

  • Normal Retirement Date The term “Normal Retirement Date” means “Normal Retirement Date” as defined in the primary qualified defined benefit pension plan applicable to the Executive, or any successor plan, as in effect on the date of the Change in Control of the Company.

  • Retirement Age It is assumed that an employee terminates employment at the end of the school year in which the employee attains age 58 or at the end of the current year, if the individual is already 58 or older.

  • Normal Retirement Normal Retirement Age under the Plan is: (Choose (a) or (b)) [X] (a) 65 [State age, but may not exceed age 65].

  • 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.

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