Common use of Golden Handshake Clause in Contracts

Golden Handshake. Additional Two Years of ServiceCredit 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 March 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.

Golden Handshake. Additional Two Years of ServiceCredit 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 March 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.

Golden Handshake. Additional Two Years of ServiceCredit 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 March 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 legislationbylegislation.