Common use of Phased Retirement Option Clause in Contracts

Phased Retirement Option. The phasing out of employment with the College whereby the Faculty Member continues employment at the College at a load of less than full-time, but (1) retains the rights and responsibilities associated with Tenure; (2) retains benefits for which he/she remains eligible and (3) is compensated on a Pro Rata basis off the Full-time Salary Schedule.

Phased Retirement Option. The phasing out of employment with the College whereby the Faculty Member continues employment at the College at a load of less than full-full- time, but (1) retains the rights and responsibilities associated with Tenure; (2) retains benefits for which he/she remains they remain eligible and (3) is compensated on a Pro Rata basis off the Full-time Salary Schedule.

Phased Retirement Option. The phasing out of employment with the College College, whereby the Faculty Member continues employment at the College College, at a load of less than full-time, but (1) retains the rights and responsibilities associated with Tenure; tenure, (2) retains benefits for which he/she remains eligible eligible, and (3) is compensated on a Pro Rata pro rata basis off the Fullfull-time Salary Schedulesalary schedule.