Effect on Retirement Sample Clauses

Effect on Retirement. The acceptance or rejection of severance pay shall have no effect on vested pension rights under the Retirement Act. The parties agree that the severance payment shall not be included in the computation of compensation for the purpose of calculating retirement benefits and will seek and support statutory change if such legislation is necessary to so provide.
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Effect on Retirement. No Option under this Contract shall be deemed compensation for purposes of computing benefits under any retirement plan nor affect any benefits under any other benefit plan now or hereafter in effect under which the availability or amount of benefits is related to the level of compensation.
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Effect on Retirement. Service for retirement will be credited in the proportion the compensation paid during leave bears to the compensation the unit member would have received had s/he been employed on a full-time basis. The District's STRS contribution will be prorated and based on the compensation paid. A unit member may receive full-time service credit for the period of a sabbatical leave providing s/he pays to STRS additional contributions based on the compensation that is the difference between compensation earned and the compensation earnable during the period of Sabbatical Leave. In this case, the unit member shall make a full contribution based on the unit member's earnable pay and also pay the difference between the District's prorated contribution and the full contribution the District would have made had the unit member continued in full-time service.
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Effect on Retirement. Time on the following leaves counts as service toward retirement in the same proportion as the salary received: Illness (if paid), Industrial Accident, Military, Sabbatical, Exchange (if paid by the Los Angeles Community College District).
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Effect on Retirement. Time spent on grant leave does not count as service for retirement and will therefore reduce the total service credit on which the retirement allowance is based.
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Effect on Retirement. The effect of this Agreement on retirement contributions is governed by RIGL 36-10-10.4.
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Related to Effect on Retirement

  • No Effect on Employment Subject to any employment contract with the Employee, the terms of such employment will be determined from time to time by the Company, or the Subsidiary employing the Employee, as the case may be, and the Company, or the Subsidiary employing the Employee, as the case may be, will have the right, which is hereby expressly reserved, to terminate or change the terms of the employment of the Employee at any time for any reason whatsoever, with or without good cause. The transactions contemplated hereunder and the vesting schedule set forth on the first page of this Agreement do not constitute an express or implied promise of continued employment for any period of time. A leave of absence or an interruption in service (including an interruption during military service) authorized or acknowledged by the Company or the Subsidiary employing the Employee, as the case may be, shall not be deemed a Termination of Service for the purposes of this Agreement.

  • Disability; Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • TERMINATION UPON RETIREMENT Termination of Executive’s employment based on “

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