Common use of Intent to retire Clause in Contracts

Intent to retire. A Bargaining Unit Member shall provide a minimum of one hundred and twenty (120) calendar days to the USNH Benefits office in order to indicate an intent to retire from the University. The Bargaining Unit Member will receive counseling regarding various benefit programs associated with applicable retirement programs sponsored by the University to insure a smooth transition from active employment to retirement status during the one hundred and twenty (120) days.

Intent to retire. A Bargaining Unit Member shall should provide a minimum of one hundred and twenty (120) calendar days to the USNH Benefits office in order to indicate an intent to retire from the University. The Bargaining Unit Member will receive counseling regarding various benefit programs associated with applicable retirement programs sponsored by the University to insure a smooth transition from active employment to retirement status during the one hundred and twenty (120) days. Exceptions to the one hundred and twenty (120) day timeline herein can be made by mutual agreement.