Resignation and/or Retirement Clause Samples
The 'Resignation and/or Retirement' clause outlines the procedures and requirements for an individual to voluntarily leave their position, either by resigning or retiring. Typically, this clause specifies the notice period that must be given, any formal steps or documentation required, and the handling of final compensation or benefits. Its core function is to ensure a smooth transition by providing clear expectations for both the departing individual and the organization, thereby minimizing disruption and potential disputes.
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Resignation and/or Retirement. A person about to resign or about to retire under the provisions of the state retirement act or who is to be terminated without fault on their part, and who has earned annual leave may be granted annual leave for the time so earned. The annual leave must be taken prior to the effective date of any such resignation, retirement or termination; or, in lieu of such annual leave, an employee may be granted a lump sum payment for annual leave time accrued, determined by multiplying the unused hours of annual leave time by the current hourly rate of pay.
Resignation and/or Retirement. A person about to resign or about to retire under the provisions of Nevada PERS or who is to be laid off without fault on their part, and who has earned a vacation, may be granted a vacation for the time so earned not to exceed the maximum annual accrual for the employee. Such vacation must be taken prior to the effective date of any such resignation, retirement or layoff; or, at resignation or retirement, the employee will be paid for all remaining Annual Hours accrued.
Resignation and/or Retirement. Employee may resign and/or retire from District service at any time with written notice of the effective date of Employee’s resignation or retirement. Upon notice of resignation or retirement and to the extent permitted by law, Employee shall facilitate the least disruptive transition in order to timely complete District projects currently in progress and assist a new Division Chief in assuming office.
Resignation and/or Retirement. A person about to resign or about to retire under the provisions of Nevada PERS or who is to be laid off without fault on their part, and who has earned annual leave, may be granted annual leave for the time so earned not to exceed the annual maximum for the annual accrual for the employee. Annual leave must be taken prior to the effective date of any such resignation, retirement, or layoff; or, in lieu of such annual leave, an employee may be granted a lump sum payment for annual leave accrued.
Resignation and/or Retirement. A person about to resign or retire under the provisions of PERS or who is to be laid off without fault on employee’s part, and who has earned a vacation, may be granted a vacation for the time so earned not to exceed the annual maximum for employee’s position. Such vacation must be taken prior to the effective date of any such resignation, retirement or lay-off; or, in lieu of such vacation, an employee shall be granted a lump sum payment for vacation time accrued to employee’s credit.
Resignation and/or Retirement. A person who retires under the provisions of the State Retirement Act or who is to be laid off or terminates his employment and who has accumulated annual leave, shall be granted a lump sum payment less appropriate deductions for annual leave for the time so earned not to exceed the maximum accruable for his years of actual service.
Resignation and/or Retirement. A. Any Administrative Assistant who retires or resigns does not forfeit her right to earned vacation time, but loses her seniority rights in the event of re-employment.
B. Upon resignation or retirement, the Board will pay to the Administrative Assistant all unused frozen sick leave days at the rate of 80% of $102.08 per day.
C. Upon the death of an Educational Administrative Assistant, regardless of years of service, 50% of accumulated leave days (at the daily rate of $102.08) shall be paid to the beneficiary as provided to the life insurance policy held with the Board of Education.
Resignation and/or Retirement. 1. A person about to resign or about to retire and under the provisions of the State Retirement Act or who is to be laid off without fault in his part, and who has earned annual leave, may be granted annual leave for the time so earned not to exceed four hundred thirty two hours (432). Such annual leave must be taken prior to the effective date of any such resignation or layoff; or, in lieu of such annual leave an employee may elect to receive a lump sum payment for annual leave time accrued to his credit.
2. An employee nearing retirement will be required to provide the City at least a minimum of six months’ notice in order to allow the City sufficient lead time in hiring a successor. Exceptions may be granted upon written request by the retiring employee through the Fire Chief, or designee, to the City Manager.
Resignation and/or Retirement. A person about to resign or about to retire under the provisions of the state retirement act or who is to be terminated without fault on their part, and who has earned annual leave may be granted annual leave for the time so earned. The annual leave must be taken prior to the effective date of any such resignation, retirement or termination; or, in lieu of such annual leave, an employee may be granted a lump sum payment for annual leave time accrued, determined by multiplying the unused hours of annual leave time, up to the accrued maximum, by the current hourly rate of pay.
Resignation and/or Retirement. A person about to resign or about to retire under the provisions of the State Retirement Act or who is to be laid off without fault on her/his part, and who has earned a vacation, may be granted a vacation for the time so earned not to exceed the maximum annual accrual for her/his classificationthe employee. Such vacation must be taken prior to the effective date of any such resignation, retirement or lay-off; or., in lieu of such vacation, an employee may be granted a lump sum payment for vacation time accrued to her/his credit.. At resignation or retirement, the employee will be paid for all remaining Annual Hours accrued.