Golden Handshake – Additional Two Years of Service Credit Sample Clauses

Golden Handshake – Additional Two Years of Service Credit. The Ceres Unified School District will participate in the Golden Handshake program. The terms of this agreement will be as per Education Code 22714. There will be an application period from February 1 to April 15 of each year during which application for participation in this program may be made by any certificated employee who intends to retire and who has become vested in the district. The certificated employee must retire by June 30 of the year in which application approved in order to be eligible for the Golden Handshake. Under the terms of the Education Code, certificated employees may receive this benefit only if the district is able to calculate that a savings will be realized either by attrition or replacement of the employee as per the formula provided by the code section and calculated by the County Office of Education. The new Golden Handshake program will be in effect when provided for by legislation.
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Related to Golden Handshake – Additional Two Years of Service Credit

  • Years of Service Any teacher placed on such leave may engage in teaching or any other occupation during such period, may be eligible for unemployment insurance if otherwise eligible for such compensation under the law, and such leave will not result in a loss of credit for years of service in the School District earned prior to the commencement of such leave.

  • Period of Services Unless otherwise stated herein, the Consultant will begin work after receipt of a properly executed copy of this Agreement. This Agreement assumes conditions permitting continuous and orderly progress through completion of the services. Times for performance shall be extended as necessary for delays or suspensions due to circumstances that the Consultant does not control. If such delay or suspension extends for more than six months, Consultant’s compensation shall be renegotiated.

  • PERIOD OF SERVICE The Consultant shall complete the Services on or before December 31, 2019 (the “Deadline”), unless the Authority agrees to extend the Deadline for good reason; provided, however, that the Authority may terminate this Contract at any time in accordance with Section 14. Time is of the essence in performance of this Contract. There will be no obligation established between Authority and the Consultant for performance of the Services until Authority provides the Consultant execution of this Contract and receipt by the Authority of appropriate Certificates of Insurance and other documentation as may be required herein. The term of this Contract (“Term”) shall begin on the Effective Date and shall end on the first to occur of the following: (1) the Deadline, as the same may have been extended by the Authority, (2) the date on which, in the opinion of Authority, all of the Services have been rendered, (3) the date on which this Contract is terminated by the Authority pursuant to Section 14, or (4) the date on which this Contract is terminated by the Consultant pursuant to Section 14.

  • RETIREMENT PICK-UP 205. The City shall pick up the full amount of the employee’s contribution to retirement.

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