REEMPLOYMENT AFTER RETIREMENT Sample Clauses

REEMPLOYMENT AFTER RETIREMENT. SECTION 1 Any teacher who has retired under an Ohio Public Retirement System and is hired or rehired by the Board will be subject to the following conditions: 1.01 Unless agreed otherwise between the Board and the retired teacher, she/he will be hired on no more than Step 5 of the Salary Schedule, and will be considered to have no more than five (5) years of experience for the purpose of longevity scales. 1.02 She/he will be hired on limited contracts, and will not be eligible for a continuing contract until five (5) full years of service in the District after retirement. The limited contracts shall be one (1) year contracts, which may be renewed for one (1) year only. Any non-renewal shall follow the non-renewal procedures of this Agreement. This provision supersedes Sections 3319.08, 3319.11, and 3319.111 of the Ohio Revised Code. 1.03 She/he will lose all seniority accrued in Wickliffe and elsewhere prior to retirement and will begin seniority at the date of hire/rehire, and will lose any previously accrued seniority. 1.04 If she/he is eligible for hospitalization and major medical insurance provided by an Ohio Public Retirement System, she/he will not be eligible for Board-provided hospitalization and major medical. The same applies for dental, vision, and prescription drug coverage. 1.05 All terms and conditions of employment other than those specifically mentioned herein will be put into effect as if the teacher were new to the district with five (5) years of teaching experience in another Ohio district. 1.06 Subject to these provisions, reemployed teachers who have retired are part of the bargaining unit.
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REEMPLOYMENT AFTER RETIREMENT. A retiree who is rehired by the School City of East Chicago as a teacher under contract must repay all benefits paid under this Article, including the total cost for health insurance premiums paid during retirement by the School City, as well as other retirement payments the teacher may have received. a. A retiree who is rehired by the School City of East Chicago as a teacher under contract shall be considered, for the purpose of seniority, a beginning teacher. b. A teacher who retires under the provisions of the Section C, D, E, F, G, or H may be employed as a substitute teacher by the School City. Pay for such substitute service shall be at substitute daily rate.
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REEMPLOYMENT AFTER RETIREMENT. An individual receiving retirement benefits under the Plan due to his or her service with the Company who is subsequently rehired by the Company shall have all retirement benefits payable from the Plan suspended during any such period of reemployment. During reemployment, such employee may earn Credited Service if otherwise eligible to participate in the Plan. Upon subsequent retirement, the suspended benefits shall recommence subject to the form of payment in effect at the original retirement date, regardless of whether or not the spouse is living if a Spouse Option was originally elected. However, for an individual who originally retired from the service of the Company, the payment will be increased to reflect any difference between any early retirement reduction at original retirement date and a revised early retirement reduction based on age at original retirement date advanced by the period of reemployment. To the recommenced benefits shall be added the benefit attributable to any Credited Service resulting from the period of reemployment. The benefit payment of any individual receiving retirement benefits under the Plan due to service with the Company who is subsequently rehired and then dies during reemployment shall be determined as follows: If a Spouse Option was elected at the date of original retirement, payments shall commence to the named spouse, if then surviving, otherwise no benefits shall become payable as a result of the original period of Credited Service. If the employee is survived by a spouse eligible for a death benefit, such a benefit equal to the present value of the vested Accrued Benefit based upon any Credited Service earned during the period of reemployment shall become payable.
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REEMPLOYMENT AFTER RETIREMENT. X. Xxxxxxxx to state law, former employees who have been retired for one calendar month may be re-employed as emergency temporary instructors (provided they meet the employment criteria) for up to 780 hours during the first 12 calendar months after retirement without suspension of their retirement benefits. Former employees may also be re-employed as hourly teachers on a non-contractual basis after being retired for one calendar month. B. At the end of the 12-calendar-month period, there are no restrictions or limitations on reemployment which affect retirement benefits. C. Nothing in this Section constitutes a guarantee of employment. D. Any teacher receiving retirement pay from a State of Florida retirement program may be rehired for a specific term of employment to fill a full-time position in a critical staff shortage area, as defined in this Contract, or in other instructional areas where the Office of Human Resources has determined that no qualified teachers are available. Approval for such employment will be made on an individual basis by the Chief Personnel Officer for Human Resources (or designee). Such employees shall receive the same pay and benefits as regular full-time teachers for the term of their employment contract.
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REEMPLOYMENT AFTER RETIREMENT. 10.1 A Member who has retired under this Plan for Service or Disability may be
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REEMPLOYMENT AFTER RETIREMENT. This Article governs the terms and conditions of employment of individuals who have retired under STRS rules. A. For initial placement purposes on the salary schedule the employee will receive horizontal and vertical credit in accordance with the normal rules, with the further understanding that in no event will the employee receive more than five (5) years of vertical credit. B. The employee will receive a one (1) year limited contract of employment. If reemployed for the next year, the employee would be awarded successive one (1) year limited contracts. In no event will the employee qualify for a continuing contract or multi-year contract. C. The employee will be automatically non-renewed at the end of each school year. D. Upon employment, the employee will be credited with zero (0) years of seniority and will not thereafter accrue seniority. E. The employee will be entitled to all other benefits provided by the Collective Bargaining Agreement.
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Related to REEMPLOYMENT AFTER RETIREMENT

  • 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.

  • Death, Retirement or Disability Executive’s employment shall terminate automatically upon Executive’s death or Retirement during the Employment Period. For purposes of this Agreement, “Retirement” shall mean normal retirement as defined in the Company’s then-current retirement plan, or if there is no such retirement plan, “Retirement” shall mean voluntary termination after age 65 with ten years of service. If the Company determines in good faith that the Disability of Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to Executive written notice of its intention to terminate Executive’s employment. In such event, Executive’s employment with the Company shall terminate effective on the 30th day after receipt of such written notice by Executive (the “Disability Effective Date”), provided that, within the 30 days after such receipt, Executive shall not have returned to full-time performance of Executive’s duties. For purposes of this Agreement, “Disability” shall mean a mental or physical disability as determined by the Board of Directors of the Company in accordance with standards and procedures similar to those under the Company’s employee long-term disability plan, if any. At any time that the Company does not maintain such a long-term disability plan, “Disability” shall mean the inability of Executive, as determined by the Board, to perform the essential functions of his regular duties and responsibilities, with or without reasonable accommodation, due to a medically determinable physical or mental condition which has lasted (or can reasonably be expected to last) for twelve workweeks in any twelve-month period. At the request of Executive or his personal representative, the Board’s determination that the Disability of Executive has occurred shall be certified by two physicians mutually agreed upon by Executive, or his personal representative, and the Company. Failing such independent certification (if so requested by Executive), Executive’s termination shall be deemed a termination by the Company without Cause and not a termination by reason of his Disability.

  • Death, Disability or Retirement Subject to the provisions of Section 1 hereof, this Agreement shall terminate automatically upon the Executive's death, termination due to "Disability" (as defined below) or voluntary retirement under any of the Company's retirement plans as in effect from time to time. For purposes of this Agreement, Disability shall mean the Executive has met the conditions to qualify for long-term disability benefits under the Company's policies, as in effect immediately prior to the Effective Date.

  • Termination Due to Death, Disability or Retirement In the event the Optionee’s employment or other service with the Company and all Subsidiaries is terminated by reason of death, Disability or Retirement, this Option will remain exercisable, to the extent exercisable as of the date of such termination, for a period of one year after such termination (but in no event after the Time of Termination).

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

  • Normal Retirement Normal Retirement Age under the Plan is: (Choose (a) or (b)) [X] (a) 65 [State age, but may not exceed age 65].

  • 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.

  • Termination Due to Retirement Subject to Section 7 below, in the event of Termination due to Retirement, then (regardless of any subsequent death of the Employee) the Option will continue to vest pursuant to Section 3, and the last date on which the Option may be exercised is the day prior to the Expiration Date.

  • Retirement, Death or Disability If the Executive’s employment terminates during the Term of this Agreement due to his death, a disability that results in his collection of any long-term disability benefits, or retirement at or after age 62, the Executive (or the beneficiaries of his estate) shall be entitled to receive the compensation and benefits that the Executive would otherwise have become entitled to receive pursuant to subsection (d) hereof upon a resignation without Good Reason.

  • Normal Retirement Date The term “Normal Retirement Date” means “Normal Retirement Date” as defined in the primary qualified defined benefit pension plan applicable to the Executive, or any successor plan, as in effect on the date of the Change in Control of the Company.

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