Common use of Hardship clause Clause in Contracts

Hardship clause. If a teacher who provides four years’ advance notice is required to change their retirement date due to an extraordinary circumstance not within their control (e.g. permanent disability, death, serious health condition of the teacher or another individual that requires the care of the teacher), the teacher is still eligible for a percentage of the post-retirement incentive payment based on the years of notice. If the teacher leaves after three years of notice, they will receive 75% of the retirement incentive payment; if they leave after two years of notice they will receive 50% of the retirement incentive payment; and if they leave after one years’ notice they will receive 25% of the retirement incentive payment.

Hardship clause. If a teacher who provides four years’ advance notice is required to change their retirement date due to an extraordinary circumstance not within their control (e.g. permanent disability, death, serious health condition of the teacher or another individual that requires the care of the teacher), the teacher is still eligible for a percentage of the post-post- retirement incentive payment based on the years of notice. If the teacher leaves after three years of notice, they will receive 75% of the retirement incentive payment; if they leave after two years of notice they will receive 50% of the retirement incentive payment; and if they leave after one years’ notice they will receive 25% of the retirement incentive payment.