Reduced Appointment Prior to Retirement Sample Clauses

Reduced Appointment Prior to Retirement. However, if the academic staff member at the time of assuming the reduced appointment is eligible for retirement under the terms of the University Pension Plan and is not an active member of a pension plan associated with another employer, the contributions shall be based on the base salary rate if the member so chooses. The pension contribution costs for the portion between the actual salary and the base salary shall be shared equally by the academic staff member and the University unless there is a prior agreement to do otherwise. Notwithstanding the above, if such an academic staff member agrees in writing to take early retirement within two years of commencing the reduced appointment, the University shall pay the full cost of the pension contribution for the portion between the actual salary and the base salary; or compensate the employee with salary if the University is prohibited from making such payments.
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Reduced Appointment Prior to Retirement. If the member at the time of assuming the reduced appointment is eligible for retirement under the terms of the Academic and Pension Plan (age 55) and is not an active member of a pension plan associated with another employer, the contributions shall be based on the base salary if the member so chooses. The pension contributions shall be shared between the University and the member in the normal fas ion as outlined in the Pension Plan for the Academic and Administrative Employees of the University of Xxxxxx. If such a member agrees in writing to take early retirement within two years of commencing the reduced appointment, the University will pay the full cost of the pension contribution for the portion between the actual salary and the base salary; or compensate the employee with salary if the University is prohibited from making such payments. The contributions and coverage for other benefit plans shall be based on the of the plans themselves and the member's actual salary. Appointment Offer and Acceptance academic staff member engaged by the University will be sent a letter offering appointment, setting forth the conditions of the appointment. In order to accept an appointment the member must submit a written acceptance within the time limit specified in the offer.
Sample 1

Related to Reduced Appointment Prior to Retirement

  • Fixed Term Appointment (a) An employee and an employer may agree that the employment of the employee will end:

  • Regular Appointment The authorized appointment of an individual to a position covered by Civil Service.

  • Coverage Selection Prior to Retirement An employee who retires and is eligible to continue insurance coverage as a retiree may change his/her health or dental plan during the sixty (60) calendar day period immediately preceding the date of retirement. The employee may not add dependent coverage during this period. The change takes effect on the first day of the month following the date of retirement.

  • Grantee’s Notification of Change of Contact Person or Key Personnel The Grantee shall notify in writing their contract manager assigned within ten days of any change to the Grantee's Contact Person or Key Personnel.

  • Transition to Retirement 24.1 An Employee may advise their Employer in writing of their intention to retire within the next five years and participate in a retirement transition arrangement.

  • TERMINATION OF APPOINTMENT 6.1 The Issuer may terminate the appointment of the Calculation Agent at any time by giving to the Calculation Agent at least 45 days' prior written notice to that effect, provided that, so long as any of the Relevant Notes is outstanding:

  • Termination of Probationary Appointment (a) The Employer may terminate a probationary appointment at any time.

  • Re-employment After Voluntary Termination or Dismissal for Cause Where an employee voluntarily leaves the Employer's service, or is dismissed for cause and is later re-engaged, seniority and all perquisites shall date only from the time of re-employment, according to regulations applying to new employees.

  • EMPLOYMENT OF RETIRED TEACHERS A. For purposes of salary schedule placement, a retired Teacher will be granted a maximum of ten (10) years’ service credit and their educational attainment. A retired Teacher may not advance beyond Level 10 on the salary schedule.

  • Voluntary Termination Executive may voluntarily terminate Executive’s employment for any reason upon 30 days’ prior written notice. In such event, after the effective date of such termination, except as provided in Section 2.2 with respect to a resignation for Good Reason, no further payments shall be due under this Agreement, except that Executive shall be entitled to any benefits accrued in accordance with the terms of any applicable benefit plans and programs of the Company.

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