Payment on Retirement. Salary payments due a teacher retiring under the rules of the Teacher's Retirement Association shall be paid within thirty (30) days of cessation of employment.
Payment on Retirement. 1. On retirement a regular employee having accrued sick leave to his credit shall receive an allowance in lieu thereof equal to one (1) day pay based on the average hourly rate to a maximum of one hundred (100) days pay as follows:
Payment on Retirement. 16 TABLE OF CONTENTS (Continued) PROVISIONS RELATING TO AMOUNT PAYABLE ON DEATH, PARTIAL SURRENDER, AND SURRENDER Amount Payable On Death of Participant
Payment on Retirement. Retirement of a Partner, whether by (a) withdrawal of such Partner's entire Capital Account, or (b) action of the General Partner under Section 8.04, shall be subject to the provisions of Section 10.01.
Payment on Retirement. Upon retirement, the Township will make a Cash Payment of that shall not exceed $15,000, except for employees whose accumulated balance as of the contract signing date exceeds $15,00. For those employees whose balance exceeds $15,000 as of the contract signing date, their maximum shall be the balance as of June 30, 2014. The formula for the Sick Leave Payment is as follows: • The employee must have a positive balance of hours based on the following calculation: 50% of all sick time earned, less all sick time used • The calculation for the Cash Payment is made at the time of retirement, therefore, sick time used can be “replenished” in subsequent years • Sick leave payment on retirement is calculated at 50% of sick time earned, less sick time used, plus unused personal time plus pre-1987 sick leave bonus times hourly wage at the time of retirement • The Cash Payment is based on the hourly base wage at the time of retirement
Payment on Retirement. Employees retiring with a minimum of five (5) years continuous service immediately preceding retire- ment and being at least fifty-five (55) years of age with a combination of age and service totaling seventy (70), shall be paid ten (10) days’ pay at their base rate. For new hires on or after January 1, 2011, a minimum of ten years continuous service will be required, in addition to the other requirements, to qualify for this benefit.
Payment on Retirement. Payment under the retirement provisions will only commence on the order of the Employer, on behalf of the Participant, as directed in the Written Request. Contract No. 12345GP Form No. QGP 685 - 21 ARTICLE VIII PROVISIONS RELATING TO AMOUNT PAYABLE ON DEATH, IN SERVICE WITHDRAWAL, AND SURRENDER
Payment on Retirement. Payment under the Retirement Provisions will only be made to the order of the Participant as directed in the Written Request. PROVISIONS RELATING TO AMOUNT PAYABLE ON DEATH, PARTIAL SURRENDER, AND SURRENDER Amount Payable on Death of Participant If the Participant dies before the Annuity Commencement Date, the Amount Payable on Death will be:
Payment on Retirement. Except as otherwise provided in this Section 1(c) or in the Employment Agreement, if Recipient voluntarily terminates his employment with the Company after Recipient attains age 67 with the intention of not seeking further full time employment at termination the Company shall deliver all of the shares of Common Stock underlying the total number of RSUs subject to this Agreement.
Payment on Retirement. Retirement of a Partner, whether by (a) withdrawal of such Partner's entire Capital Account or (b) action of the General Partner under Section 5.04, shall be subject to the provisions of Article X.
