Reached Retirement Age Sample Clauses

Reached Retirement Age. For salaried employees who have reached the regular retirement age that applies to them according to the ITP plan, a right to sick pay from the 15th calendar day of the illness requires a special agreement.
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Reached Retirement Age. Regarding salaried employees who have reached the regular retirement age that applies to them according to the ITP plan, the employer and the salaried employee may agree that other terms of employment shall apply than the ones in this agreement. A right to sick pay after the term of employment requires a special agreement. The same applies to those who are hired after having reached the regular retirement age that applies at the company. Note to the Minutes The Swedish Act on Security of Employment presently gives salaried employees the right to remain in service until 67 years of age.
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Reached Retirement Age. As to limitations on the right to sick pay from the 15th calendar day of the illness period for salaried employees who have reached the retirement age, see Sections 1, 1.4.
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Reached Retirement Age termination of employment Regardless of previously agreed upon notice period the following applies for salaried employees who reaches the age specified in section 32 a of the Employment Protection Act. The employment can be terminated at the end of the month the salaried employee reaches the age specified in section 32 a of the Employment Protection Act by a written notification two months in advance from either the employer or the salaried employee. Employment that continues after the salaried employee has reached the age specified in the first paragraph may be terminated the employer or the salaried employee through written notice. The employment then ends one month after written notice was given by either party. No requirement to notify local union organization due to the termination is needed. It is possible to agree upon that the notice period will be longer than one month after the salaried employee has reached the age specified in the first paragraph. It must explicitly be stated in the agreement. Note: The age specified in section 32a of the Employment Protection Act is 68 years of age 2020 and becomes 69 years of age January 1st, 2023.
Sample 1
Reached Retirement Age. Regarding salaried employees who have reached the regular retirement age that applies to them according to the ITP plan, the employer and the salaried employee may agree that other terms of employment shall apply than those in this agreement. The same applies to those who are hired after having reached the regular retirement age that applies at the company.
Sample 1

Related to Reached Retirement Age

  • Retirement Age It is assumed that an employee terminates employment at the end of the school year in which the employee attains age 58 or at the end of the current year, if the individual is already 58 or older.

  • Normal Retirement Age Normal Retirement Age shall mean the date on which the Executive attains age sixty-five (65).

  • Retirement Date If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the Executive’s sixty-fifth (65th) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extended.

  • Normal Retirement Date The date on which the Executive attains age sixty-five (65).

  • VESTED RETIREMENT GRATUITY VOLUNTARY EARLY PAYOUT a) An Employee eligible for a Sick Leave Credit retirement gratuity as per Appendix A shall have the option of receiving a payout of his/her gratuity on August 31, 2016, or on the employee’s normal retirement date.

  • Deferred Retirement a. An employee who, upon separation from County service, is eligible for paid retirement and elects deferred retirement must defer participation in the Grant until such time as he or she becomes an active retiree.

  • 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.

  • Re-employment After Retirement Employees who have reached retirement age as prescribed under the Pension (Municipal) Act and continue in the Employer's service, or are re-engaged within three (3) calendar months of retirement, shall continue at their former increment step in the pay rate structure of the classification in which they are employed, and the employee's previous anniversary date shall be maintained. All perquisites earned up to the date of retirement shall be continued or reinstated.

  • Normal Retirement Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

  • Pre-Retirement Leave An employee scheduled to retire and to receive a superannuation allowance under the applicable Superannuation Act(s), or who has reached the mandatory retiring age, shall be entitled to:

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