Preretirement leave Sample Clauses

Preretirement leave a) In order to avoid placing or keeping professors on availability and at a professor’s request, the College may grant preretirement leave under the following conditions: the professor shall have tenure and be eligible for retirement or early retirement at the end of his/her pre-retirement leave, under the terms of one of the pension plans in effect in the public and parapublic sectors. b) Preretirement leave shall be of one (1) full year’s duration with full salary. The year on preretirement shall be counted as a year of service for the purposes of the different pension plans in effect in the public and parapublic sectors. While on leave, the professor shall enjoy all rights and benefits provided for in the collective agreement, provided they are compatible with this type of leave. c) At the conclusion of his/her preretirement leave, the professor shall retire. d) This clause shall not prejudice the rights of a professor who is already benefiting from the right to preretirement leave. a) In a given year, a professor at the College may exercise the priorities provided for in clause 5-4.17 until a full-time teaching equivalence of one (1) is reached. This paragraph shall not require the College to assign to a professor a teaching load in excess of fifty-five (55) credits in any given semester. As regards hiring priorities provided for in paragraph b) of clause 5-4.17, the parties shall agree on a date for each of the fall and winter semesters as of which a non-tenured, part-time professor may refuse that another course be added to the teaching load previously assigned, unless this addition leads to the creation of a position. Failing an agreement, the dates of June 30, for the fall semester, and December 15, for the winter semester, shall be set. Furthermore, the use of a priority provided for in clause 5-4.17, paragraphs d) and e) by a non-tenured professor shall not require the College to assign to that professor a total teaching load in excess of 0.6875 during the course of a single semester or in excess of 1 for a given teaching year as calculated using the following equation: Total teaching load of the professor = CI + 80 525 b) For the purposes of job priority, a non-tenured professor teaching in continuing education, giving summer courses or doing substitute teaching whose workload as calculated using the following equation: CI + Number of teaching periods reaches 1 80 525 shall have the title of a full-time professor.
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Preretirement leave. In order to annul or to avoid placing a professor on availability, one (1) year prior to his/her projected date of retirement, the College may grant a preretirement leave to a professor who so requests guaranteeing him/her the full salary he/she would receive if he/she remained employed by the College, without having to assume any teaching duties. This preretirement year shall be counted as a year of service for the purposes of the pension plan. This clause shall not be prejudicial to a professor who is already benefiting from preretirement leave. a) A non-tenured professor who has taken a leave related to parental rights may signify his/her job priority for teaching duties. b) A non-tenured professor who is disabled may signify his/her job priority for teaching duties. During his/her disability, this workload shall be held for him/her until he/she is able to come back to work. However, his/her salary insurance benefits shall be paid and the seniority associated with the teaching load shall be recognized as if the professor was holding it in accordance with paragraph i) of clause 5-3.04.
Sample 1

Related to Preretirement leave

  • Pre-Retirement Leave An Employee scheduled to retire and to receive a superannuation allowance under the applicable pension Acts or who has reached the mandatory retiring age, shall be entitled to: (a) A special paid leave for a period equivalent to fifty percent (50%) of his/her accumulated sick leave credit, to be taken immediately prior to retirement; or (b) A special cash payment of an amount equivalent to the cash value of fifty percent (50%) of his/her accumulated sick leave credit, to be paid immediately prior to retirement and based upon his/her current rate of pay.

  • Military Spouse Leave Up to fifteen (15) days of unpaid leave will be granted to an eligible employee who averages twenty (20) or more hours of work per week, whose spouse is on leave from deployment or before and up to deployment during a period of military conflict. An employee who takes leave under this provision may elect to substitute any of the accrued paid leave to which the employee is entitled for any part of the leave provided under this provision. The employee must provide his or her supervisor with notice of the employee’s intention to take leave within five (5) business days of receiving official notice that the employee’s spouse will be on leave or of an impending call to active duty. This provision shall be administered in accordance with RCW 49.77.

  • Vacation Leave on Retirement ‌ An employee scheduled to retire and to receive pension benefits under the Public Service Pension Plan Rules or who has reached the mandatory retiring age, shall be granted full vacation entitlement for the final calendar year of service.

  • Survivor Benefits 1. A surviving dependent of a retiree who was eligible to receive a Retiree Medical Grant, as stated above in A through C, and who qualifies for a monthly allowance shall be eligible for fifty (50) percent of the Grant authorized for the retiree. 2. A surviving eligible retiree who qualifies for a monthly retirement allowance who was married to a retiree who was also eligible for a Grant shall receive the survivor benefit described in D.1., above, or his or her own Grant, whichever is greater. Such retiree shall not be eligible for both Grants.

  • Survivors Benefits Benefits for the surviving family members of individuals who have died from COVID–19, including cash assistance to widows, widowers, or dependents of individuals who died of COVID–19.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Pre-Retirement Death Benefit (a) Normal form of payment. If (i) the Director dies while employed by the Bank, and (ii) the Director has not made a Timely Election to receive a lump sum benefit, this Subsection 4.1(a) shall be controlling with respect to pre-retirement death benefits. The balance of the Director=s Retirement Income Trust Fund, measured as of the later of (i) the Director=s death, or (ii) the date any final lump sum Contribution is made pursuant to Subsection 2.1(b), shall be annuitized (using the Interest Factor) into monthly installments and shall be payable for the Payout Period. Such benefits shall commence within thirty (30) days of the date the Administrator receives notice of the Director=s death. Should Retirement Income Trust Fund assets actually earn a rate of return, following the date such balance is annuitized, which is less than the rate of return used to annuitize the Retirement Income Trust Fund, no additional contributions to the Retirement Income Trust Fund shall be required by the Bank in order to fund the final benefit payment(s) and make up for any shortage attributable to the less-than-expected rate of return. Should Retirement Income Trust Fund assets actually earn a rate of return, following the date such balance is annuitized, which is greater than the rate of return used to annuitize the Retirement Income Trust Fund, the final benefit payment to the Director=s Beneficiary shall distribute the excess amounts attributable to the greater-than-expected rate of return. The Director=s Beneficiary may request to receive the unpaid balance of the Director=s Retirement Income Trust Fund in a lump sum payment. If a lump sum payment is requested by the Beneficiary, payment of the balance of the Retirement Income Trust Fund in such lump sum form shall be made only if the Director=s Beneficiary notifies both the Administrator and trustee in writing of such election within ninety (90) days of the Director=s death. Such lump sum payment shall be made within thirty (30) days of such notice. The Director=s Accrued Benefit Account (if applicable), measured as of the later of (i) the Director's death or (ii) the date any final lump sum Phantom Contribution is recorded in the Accrued Benefit Account pursuant to Subsection 2.1(c), shall be annuitized (using the Interest Factor) into monthly installments and shall be payable to the Director's Beneficiary for the Payout Period. Such benefit payments shall commence within thirty (30) days of the date the Administrator receives notice of the Director=s death, or if later, within thirty (30) days after any final lump sum Phantom Contribution is recorded in the Accrued Benefit Account in accordance with Subsection 2.1(c).

  • Survivor Benefit Upon the death of a regular employee who leaves a spouse and/or dependants enrolled in the Medical Services Plan, Dental Plan and Extended Health Benefit Plan, such enrolment may continue for twelve (12) months following the employee’s death, provided the enrolled family members pay the employee’s share of the cost of the premium for the plans. The Employer shall advise the survivor of this benefit.

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Supplemental Retirement Benefits The terms and conditions for the payment of supplemental retirement benefits are set forth in a separate written agreement between the parties.

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