Common use of One Year Plan Clause in Contracts

One Year Plan. If an eligible teacher gives the Board an irrevocable letter of retirement prior to August 1 stating that he/she shall retire at the end of the next school year, for the final year of employment, the teacher’s nonexempt TRS creditable earnings shall be increased by six percent (6%) over the teacher’s nonexempt TRS creditable earnings for the prior year of employment.

One Year Plan. If an eligible teacher gives the Board an irrevocable letter of retirement prior to August 1 stating that he/she shall retire at the end of the next school year, for the final year of employment, the teacher’s nonexempt TRS creditable earnings shall be increased by six percent (6%) or the maximum amount allowable without the Board incurring a TRS employer contribution, whichever is less, over the teacher’s nonexempt TRS creditable earnings for the prior year of employment.

One Year Plan. If an eligible teacher Teacher gives the Board an irrevocable letter of retirement prior to August May 1 stating that he/she shall retire at the end of the next school year, the Teacher will be removed from the salary schedule and for the final year of employment, employment the teacherTeacher’s nonexempt TRS creditable earnings shall be increased by six percent (6%) over the teacherTeacher’s nonexempt TRS creditable earnings for the prior year of employment.

One Year Plan. If an eligible teacher Teacher gives the Board an irrevocable letter of retirement prior to August 1 May 1st, stating that he/she shall retire at the end of the next current school year, the Teacher will be removed from the salary schedule and for the final year of employment, employment the teacherTeacher’s nonexempt TRS creditable earnings shall be increased by adjusted to reflect a six percent (6%) increase over the teacherTeacher’s nonexempt TRS creditable earnings for the prior year of employment.

One Year Plan. If an eligible teacher gives the Board an irrevocable letter of retirement prior to August March 1 stating that he/she shall retire at the end of the next school year, the teacher will be removed from the salary schedule and for the final year of employment, employment the teacher’s nonexempt TRS creditable earnings shall be increased by six three percent (63%) over the teacher’s nonexempt TRS creditable earnings for the prior year of employment.