One Year Notice Sample Clauses

One Year Notice. If the teacher provides one year's notice, the teacher's salary shall be adjusted so that the teacher shall receive in the following school year an increase in total TRS creditable earnings up to the increase in total TRS creditable earnings up to the sum shown in the column "Retirement Bonus" from table in paragraph 1a of this agreement, or 6% increase in the teacher's total TRS creditable earnings for the year compared to the prior year, whichever is less. In addition, the teacher shall receive the additional compensation as specified in paragraph 1d.
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One Year Notice. Teachers who give a one-year notice of intent to 31 retire by May 15, 2023 will receive a six percent (6%) increase in creditable 32 earnings in the final year of service. 34 Teachers who give a one-year notice of intent to retire during 35 subsequent years commencing in 2024 will receive a five percent (5%) 36 increase in creditable earnings in the first year. 37 38 Should a teacher electing this retirement option no longer 39 coach, sponsor, or serve on previously held paid positions after giving 40 notice of their intentions to accept this retirement option, then the 41 appropriate percentage amount in salary will be adjusted accordingly and 42 recalculated to reflect the teacher’s new creditable earnings status. 44 45 46 48 3 Should a teacher be required to use his/her personal vehicle for school business, mileage 4 from the school to the destination and back to the school will be reimbursed at the current 5 IRS rate per mile. If a school car is available, no reimbursement shall be made. 6 Employee shall be reimbursed according to Board Policy 5:60 Expenses, subsection 7 Travel, number 3. 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 3 Years Years Lane 21/22 22/23 4 1 6% 3.5 18 19 BS+14 57627.39 59644.35 17 21 BS+8 58478.69 60525.44 16 1PT 21 BS+12 61216.67 63359.25 7 3PT 12 BS 44329.37 45880.90 5 1PT 10 MS 50361.77 52124.43 8 1PT 9 MS 50565.30 52335.09 4 5 BS+18 45735.42 47336.16 2 2 BS 39711.05 41100.94 2 4PT 7 BS 21240.13 21983.53 2 3 BS 40818.75 42247.41 2 7 MS 50677.28 52450.98 2 3 BS 40264.90 41674.17 2 5 BS 41372.60 42820.64 2 3 BS 40457.55 41873.56 2 6 MS 50123.43 51877.75 1 5 MS 49555.00 51289.43 5 6 *Includes Teacher Retirement Contributions 7 ** YEARS= District Years; YEARS 1= Compensation Years 8 ** Years, Years 1 and Lane Placement for the 2021-2022 school year only. Future years, years 9 1 and lane change increases not reflected above. 10 ** Lane Change Pay Increase Rate: BS + 6 and/or BS + 12 - $1400.00 per lane
One Year Notice. The teacher's salary shall be adjusted so that the teacher shall receive in the current school year an increase of the maximum increase that is allowed by law and TRS regulations (currently six percent (6%) over the total TRS creditable earnings the teacher received in the prior school year. F. If the teacher's circumstances change, such as loss of a spouse, elimination of a spouse's employment, or other events which affect the teacher's living conditions, that teacher may opt out of retirement by paying the District back within ninety G. If any changes in law occur that affect 8.3, then the parties shall meet to bargain the impact of the changes. H. The Board reserves the right to restrict the number of teachers eligible for the retirement bonus to three (3) in number per year. I. Nothing prevents the Board from negotiating individually with a teacher regarding retirement incentives other than the one stated above. In such case, the Association will be informed of the final Board decision regarding the retirement bonus. J. Subject to the terms and conditions of the insurance carrier, a retired teacher may participate in the District's insurance program provided the teacher prepays the monthly insurance premium.
One Year Notice. The employee’s salary shall be adjusted so that the employee shall receive in the current school year an increase of 6.0% over the total creditable earnings the employee received in the prior school year.
One Year Notice. Teachers who give a one-year notice of intent to 34 retire by May 15, 2021 will receive a six percent (6%) increase in creditable 35 earnings in the final year of service. 37 Teachers who give a one-year notice of intent to retire during 38 subsequent years commencing in 2022 will receive a five percent (5%) 39 increase in creditable earnings in the first year. 40 41 Should a teacher electing this retirement option no longer 42 coach, sponsor, or serve on previously held paid positions after giving 43 notice of their intentions to accept this retirement option, then the 44 appropriate percentage amount in salary will be adjusted accordingly and 45 recalculated to reflect the teacher’s new creditable earnings status. 46 (i. e., the calculation of the teacher’s percent increase shall be reduced by the 47 amount of the extra duty compensation that was being paid to the teacher). 0 0000-0000 COMPENSATION SCHEDULE 4 5 Years Years Lane 17/18 18/19 19/20 20/21 6 1 5.0 5.0 5.0 4.5 PT 3 PT 3 4 BS +24 8485.41 8909.68 9355.16 9776.14 3 3 BS 33445.26 35117.52 36873.40 38532.70 PT 3 XX 0 XX 0 XX 0 XX 00000.00 00013.61 40019.29 41820.16 PT 3 XX 0 0 XX 0000.00 0004.51 8415.24 8793.93
One Year Notice. The teacher’s salary shall be adjusted so that the teacher shall receive in the current school year an increase of 6.0% over the total creditable earnings the teacher received in the prior school year.
One Year Notice. If an eligible employee gives the Board an irrevocable letter of retirement prior to May 1 stating that he/she shall retire at the end of the next school year, the employee will be removed from the salary schedule and for the final year of employment the employee’s TRS creditable earnings shall receive a salary increase equivalent to the contract percentage raise over the employee’s TRS creditable earnings for the prior year of employment. In order to be eligible for this retirement incentive, employees must be employed by the District for fifteen (15) consecutive years that precede the retirement date.
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Related to One Year Notice

  • Election Period The period which begins on the first day of the Plan Year in which the Participant attains age thirty-five (35) and ends on the date of the Participant’s death. If a Participant separates from Service prior to the first day of the Plan Year in which age thirty-five (35) is attained, the Election Period shall begin on the date of separation, with respect to the account balance as of the date of separation.

  • Notice to Employee If an employment agreement entered into after August 1, 1977 contains a provision requiring the employee to assign or offer to assign any of the employee’s rights in any invention to an employer, the employer must also, at the time the agreement is made, provide a written notification to the employee that the agreement does not apply to an invention for which no equipment, supplies, facility or trade secret information of the employer was used and which was developed entirely on the employee’s own time, and (1) which does not relate (a) directly to the business of the employer or (b) to the employer’s actual or demonstrably anticipated research or development, or (2) which does not result from any work performed by the employee for the employer.

  • CAFA Notice Pursuant to 28 U.S.C. § 1715, not later than ten (10) days after the Agreement is filed with the Court, the Settlement Administrator shall cause to be served upon the Attorneys General of each U.S. State in which Settlement Class members reside, the Attorney General of the United States, and other required government officials, notice of the proposed settlement as required by law, subject to Paragraph 5.1 below.

  • Prior Notice The Parties agree that: 25.2.1.1 the Client may terminate this Agreement by giving not less than 30 days’ prior written notice to the Custodian; and 25.2.1.2 the Custodian may terminate this Agreement by giving not less than 270 days’ prior written notice to the Client.

  • Transfer Notice At least two (2) Business Days before each Acquisition Date, the Administrator shall deliver to the Depositor, the Issuer and the Indenture Trustee a Transfer Notice for the Additional Receivables to be transferred and absolutely assigned on that Acquisition Date, which will specify the Additional Receivables Transfer Amount, and will have delivered with it an electronic file containing the Schedule of Receivables; and

  • Termination Warning Notice B The Secretary of State may serve a Termination Warning Notice where he considers that:

  • Qualifying Period If a regular employee is promoted or transferred to a position, then that employee shall be considered a qualifying employee in her new position for a period of ninety (90) calendar days. If a regular employee is promoted or transferred to a position either within or outside the certification and is found to be unsatisfactory, she shall be returned to her previously held position. If a regular employee is promoted to a position, either within or outside the certification, and finds the position to be unsatisfactory, she shall be returned to her previously held position.

  • Early Termination Notice (a) If the Corporate Taxpayer chooses to exercise its right of early termination under Section 4.1 above other than in connection with a Change of Control or Subsequent IPO, the Corporate Taxpayer shall deliver to the ITR Entity notice of such intention to exercise such right (“Early Termination Notice”) and a schedule (the “Early Termination Schedule”) specifying the Corporate Taxpayer’s intention to exercise such right and showing in reasonable detail the calculation of the Early Termination Payment for the ITR Entity. The Early Termination Schedule shall become final and binding on all parties 30 calendar days from the first date on which the ITR Entity has received such Schedule or amendment thereto unless the ITR Entity (i) within 30 calendar days after receiving the Early Termination Schedule, provides the Corporate Taxpayer with notice of a material objection to such Schedule made in good faith (“Material Objection Notice”) or (ii) provides a written waiver of such right of a Material Objection Notice within the period described in clause (i) above, in which case such Schedule becomes binding on the date the waiver is received by the Corporate Taxpayer (the “Early Termination Effective Date”). If the parties, for any reason, are unable to successfully resolve the issues raised in such notice within 30 calendar days after receipt by the Corporate Taxpayer of the Material Objection Notice, the Corporate Taxpayer and the ITR Entity shall employ the Reconciliation Procedures. (b) If the Corporate Taxpayer chooses to exercise its right of early termination under Section 4.1 above in connection with a Change of Control or Subsequent IPO, any reference to 30 calendar days in Section 4.2(a) above shall instead be deemed to be 10 calendar days.

  • Expiration of Offering Period Notwithstanding anything to the contrary contained herein, if NCPS shall not have received a Minimum Offering Notice on or before the Expiration Date, NCPS shall, within three (3) business days after such Expiration Date and without any further instruction or direction from Broker or Issuer, return to each Subscriber, by ACH, the Cash Investment made by such Subscriber.

  • Notice to Employer Employee agrees to notify Employer immediately of any employers for whom Employee works or provides services (whether or not for remuneration to Employee or a third party) during the Specified Term or within the Restrictive Period. Employee further agrees to promptly notify Employer, during Employee’s employment with Employer, of any contacts made by any gaming licensee which concern or relate to an offer of future employment (or consulting services) to Employee.

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