EMPLOYMENT OF RETIRED STAFF MEMBERS Sample Clauses

EMPLOYMENT OF RETIRED STAFF MEMBERS. The CEA and the Board agree to the subsequent guidelines for the employment of retired staff members (any bargaining unit member, or staff member, who retires under the State Teachers Retirement System (STRS) or the School Employees Retirement System (SERS) and subsequently is re-employed in the district) as follows: 1. To be eligible, the employee must give irrevocable written notice to the Superintendent by February 1st of that same year of the intent to retire at the end of the employee’s contract year. By no later than its regular meeting in May, the Board will act on employment. The successful/selected retired employee will be employed on/with a one (1) year contract, with the contract automatically non renewed at the end of the employee’s contract year. Furthermore, no retired employee who is re-employed is eligible for multiple year contracts or continuing contract status. It is fully understood and agreed upon that this guideline will supersede ORC Sections 3319.08, 3319.11, and 3319.111. 2. Leaves of Absence A retired/rehired individual employed full time will earn/accrue sick leave at the rate of one and one-fourth (1¼) days for each calendar month under contract. At the beginning of each contract year the retired/rehired employee starts with a balance of zero (0) sick days. If needed, a retired/rehired employee may request an advance of sick leave of up to fifteen (15) days, the total allowable accrual of sick leave during one contract year. Should the retired/rehired employee leave the Board’s employ prior to repayment of such an advance, the said employee shall have the balance of the advance withheld from pay. Should a retired/rehired employee use the whole advancement of fifteen days and still require more leave time, said retired/rehired employee will be required to use personal leave, and if all personal leave is exhausted, then said retired/rehired employee will fall into unpaid leave days.
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EMPLOYMENT OF RETIRED STAFF MEMBERS. The CEA and the Board agree to the subsequent guidelines for the employment of retired staff members (any bargaining unit member, or staff member, who retires under the State Teacher’s Retirement System (STRS) or the School Employees Retirement System (SERS) and subsequently is re‐employed in the district) as follows: 1. To be eligible, the employee must give irrevocable written notice of his/her intent to retire at the end of his/her contract year, to the Superintendent by February 15th of that same year. By no later than its regular meeting in May, the Board will act on employment. The successful/selected retired staff member will be employed on/with a one (1) year contract, with the contract automatically nonrenewed at the end of each individual’s contract year. Furthermore, no employed retired staff member is/will be eligible for multiple year contracts or continuing contract status. It is fully understood and agreed upon that this guideline will supersede ORC Sections 3319.08, 3319.11, and 3319.111.
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Related to EMPLOYMENT OF RETIRED STAFF MEMBERS

  • 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.

  • Qualifying Termination of Employment A “Qualifying Termination of Employment” shall mean a termination of Executive’s employment during the Protected Period either (a) by the Company other than for Cause or (b) by Executive for a Good Reason. The Executive’s death or Disability during the Protected Period shall not constitute a Qualifying Termination of Employment.

  • Benefits Upon Termination of Employment If the Executive is entitled to benefits pursuant to this Section 2, the Company agrees to pay or provide to the Executive as severance payment, the following: (i) A single lump sum payment, payable in cash within five days of the Termination Date (or if later, the Change of Control Date), equal to the sum of: (A) the accrued portion of any of the Executive's unpaid base salary and vacation through the Termination Date and any unpaid portion of the Executive's bonus for the prior fiscal year; plus (B) a portion of the Executive's bonus for the fiscal year in progress, prorated based upon the number of days elapsed since the commencement of the fiscal year and calculated assuming that 100% of the target under the bonus plan is achieved; plus (C) an amount equal to the Executive's Base Compensation times the Compensation Multiplier. (ii) Continuation, on the same basis as if the Executive continued to be employed by the Company, of Benefits for the Benefit Period commencing on the Termination Date. The Company's obligation hereunder with respect to the foregoing Benefits shall be limited to the extent that the Executive obtains any such benefits pursuant to a subsequent employer's benefit plans, in which case the Company may reduce the coverage of any Benefits it is required to provide the Executive hereunder as long as the aggregate coverages and benefits of the combined benefit plans is no less favorable to the Executive than the Benefits required to be provided hereunder. (iii) Outplacement services to be provided by an outplacement organization of national repute, which shall include the provision of office space and equipment (including telephone and personal computer) but in no event shall the Company be required to provide such services for a value exceeding 17% of the Executive's Base Compensation. (iv) Accelerated vesting of all outstanding stock options and of all previously granted restricted stock awards. (v) Target amounts that would have accrued under the MagneTek Shareholder Return Plan had the applicable period for each such target elapsed, calculated and paid, PRO RATA, for the actual period elapsed.

  • OBLIGATIONS SURVIVE TERMINATION OF EMPLOYMENT Executive agrees that any and all of Executive’s obligations under this Agreement, including but not limited to Exhibits B and C, shall survive the termination of employment and the termination of this Agreement.

  • Employee Termination A) Regular employees other than those serving a probationary period, shall give twenty-eight (28) calendar days written notice of termination to a representative designated by the Employer with the authority to accept such written notice. B) In addition to the twenty-eight (28) calendar day notice, regular employees in positions above the level of general staff nurse shall inform the Employer of their intention to terminate as soon in advance as possible. C) The period of notice as set forth in (A) above must be for time scheduled to be worked and must not include accrued vacation, unless such vacation has been previously scheduled and approved in accordance with Article 45.03 -

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

  • Competition After Termination of Employment The Company shall not pay any benefit under this Agreement if the Executive, without the prior written consent of the Company and within 2 years from the Executive’s Termination of Employment, engages in, becomes interested in, directly or indirectly, as a sole proprietor, as a partner in a partnership, or as a substantial shareholder in a corporation, or becomes associated with, in the capacity of employee, director, officer, principal, agent, trustee or in any other capacity whatsoever, any enterprise conducted in the trading area (a 50 mile radius) of the business of the Company, which enterprise is, or may deemed to be, competitive with any business carried on by the Company as of the date of termination of the Executive’s employment or retirement. This section shall not apply following a Change in Control.

  • Company Obligations Upon Termination of Employment During the Term of this Agreement, the Company shall have the following obligations upon the termination of the Executive’s employment with the Company as described in this Section 5:

  • Resignation and Retirement Any Trustee may resign his trust or retire as a Trustee, by written instrument signed by him and delivered to the other Trustees or to any officer of the Trust, and such resignation or retirement shall take effect upon such delivery or upon such later date as is specified in such instrument.

  • Death, Disability or Retirement Subject to the provisions of Section 1 hereof, this Agreement shall terminate automatically upon the Executive's death, termination due to "Disability" (as defined below) or voluntary retirement under any of the Company's retirement plans as in effect from time to time. For purposes of this Agreement, Disability shall mean the Executive has met the conditions to qualify for long-term disability benefits under the Company's policies, as in effect immediately prior to the Effective Date.

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