Retirement Awards Sample Clauses

The Retirement Awards clause establishes the terms under which employees are recognized or compensated upon retirement from an organization. Typically, this clause outlines eligibility criteria, the types of awards or benefits provided—such as monetary bonuses, commemorative gifts, or continued access to certain company resources—and the process for determining and distributing these awards. Its core practical function is to formally acknowledge an employee's service and contributions, thereby promoting goodwill and providing a clear, consistent approach to retirement recognition.
Retirement Awards. (1) Retirement awards for eligible employees who retire from the State Retirement System with substantial service to an agency of the State of Florida, including the badge worn by him or her, the employee’s service revolver or pistol, if one had been issued as part of the employee’s equipment, and an identification card clearly marked “RETIRED” shall be as provided in section 112.193, F.S. (2) The state may grant awards, certificates, and other recognition pursuant to F.S., section 110.1245(3) to retiring employees whose service to the state has been satisfactory, in appreciation and recognition of such service. The cost for such awards shall not exceed $100.00.
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Retirement Awards. As an expression of appreciation and recognition for service as a Law Enforcement Officer of the St. Petersburg Police Department and the City, the City will provide each Officer at the time of normal or service-connected disability retirement with the appropriate plaque, badges, and firearm at no expense to the employee except the firearm may be withheld when the Officer has been relieved of said firearm by the Police Chief prior to retirement and the Officer's right to carry the firearm had not been restored prior to retirement.
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Retirement Awards. (1) Retirement awards for eligible employees who retire from the State Retirement System with substantial service to an agency of the State of Florida, including the badge worn by him or her, the employee’s service revolver or pistol, if one had been issued as part of the employee’s equipment, and an identification card clearly marked “RETIRED” shall be as provided in section 112.193, Florida Statutes. (2) The state may grant awards, certificates and other recognition pursuant to Florida Statutes, section 110.1245(3) to retiring employees whose service to the state has been satisfactory, in appreciation and recognition of such service. The cost for such awards shall not exceed $100.00. 8515 Law Enforcement Officer 8519 Law Enforcement Sergeant 8532 Law Enforcement Airplane Pilot I 8534 Law Enforcement Airplane Pilot II 8540 Law Enforcement Investigator I 8541 Law Enforcement Investigator II Florida Highway Patrol Trooper Florida Highway Patrol Sergeant Florida Highway Patrol Pilot I Florida Highway Patrol Pilot II Florida Highway Patrol Trooper II Florida Highway Patrol Investigator II
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Retirement Awards. (1) Retirement awards for eligible employees who retire from the State Retirement System with substantial service to an agency of the State of Florida, including the badge worn by him or her, the employee’s service revolver or pistol, if one had been issued as part of the employee’s equipment, and an identification card clearly marked “RETIRED” shall be as provided in section 112.193, Florida Statutes. (2) The state may grant awards, certificates and other recognition pursuant to Florida Statutes, section 110.1245(3) to retiring employees whose service to the state has been satisfactory, in appreciation and recognition of such service. The cost for such awards shall not exceed $100.00. 5497 Youth Custody Officer 8515 Law Enforcement Officer 8517 Law Enforcement Corporal 8519 Law Enforcement Sergeant 8528 Law Enforcement Wildlife Inspector 8532 Law Enforcement Airplane Pilot I 8534 Law Enforcement Airplane Pilot II 8540 Law Enforcement Investigator I 8541 Law Enforcement Investigator II 8593 Security Agent – FDLE 8596 Security Agent Supervisor - FDLE
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Retirement Awards. (1) Retirement awards for eligible employees who retire from the State Retirement System with substantial service to an agency of the State of Florida, including the badge worn by him or her, the employee’s service revolver or pistol, if one had been issued as part of the employee’s equipment, and an identification card clearly marked “RETIRED” shall be as provided in section 112.193, Florida Statutes. 8515 Law Enforcement Officer 8519 Law Enforcement Sergeant 8532 Law Enforcement Airplane Pilot I 8534 Law Enforcement Airplane Pilot II 8540 Law Enforcement Investigator I 8541 Law Enforcement Investigator II Florida Highway Patrol Trooper Florida Highway Patrol Sergeant Florida Highway Patrol Pilot I Florida Highway Patrol Pilot II Florida Highway Patrol Trooper II Florida Highway Patrol Investigator II
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Retirement Awards. (1) Retirement awards for eligible employees who retire from the State Retirement System with substantial service to an agency of the State of Florida, including the badge worn by him or her, the employee’s service revolver or pistol, if one had been issued as part of the employee’s equipment, and an identification card clearly marked “RETIRED” shall be as provided in section 112.193, Florida Statutes. (2) The state may grant awards, certificates and other recognition pursuant to Florida Statutes, section 110.1245(3) to retiring employees whose service to the state has been 5497 Youth Custody Officer 8515 Law Enforcement Officer 8517 Law Enforcement Corporal 8519 Law Enforcement Sergeant 8528 Law Enforcement Wildlife Inspector 8532 Law Enforcement Airplane Pilot I 8534 Law Enforcement Airplane Pilot II 8540 Law Enforcement Investigator I 8541 Law Enforcement Investigator II 8593 Security Agent – FDLE 8596 Security Agent Supervisor - FDLE
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Related to Retirement Awards

  • Severance and Retirement Options (i) Where an employee resigns within 30 days after receiving notice of layoff pursuant to article 14.02 (a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks' salary for each year of continuous service to a maximum of sixteen (16) weeks' pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. (ii) Where an employee resigns later than 30 days after receiving notice pursuant to article 14.02(a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of four (4) weeks' salary, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. (b) Prior to issuing notice of layoff pursuant to article 14.02(a)(ii) in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under HOOPP within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff under article 14.02(a)(ii). Within thirty (30) days from the date of notice of layoff, an employee who has received notice of layoff of a permanent or long-term nature may retire provided that the employee is eligible to retire under the terms of the Hospitals of Ontario Pension Plan. An employee who chooses this option forfeits her right to notice and will receive severance pay on the basis of two (2) weeks’ pay for each year of service with the Hospital to a maximum of fifty-two (52) weeks on the basis of the employees normal weekly earnings. In addition, full-time employees will receive a lump sum payment equal to $1,000.00 for every year less than age 65, to a maximum of $5,000.00.

  • Equity Incentive Awards The Executive shall be eligible to receive grants of equity-based long-term incentive awards, which may include options to purchase Company stock, performance or restricted stock units and Company restricted stock contributions to Company’s deferred compensation plan, or other equity-based awards. Such awards shall be determined in the discretion of the Board and the Executive shall be eligible for consideration for such awards in the same manner as other senior executive officers of the Company. In the event of a Change of Control in which the surviving or acquiring corporation does not assume the Executive’s outstanding equity-related awards (including options and equity-based awards granted both before and after the Effective Date) or substitute similar equity-related awards of substantially equivalent value, such equity-related awards shall immediately vest and become exercisable if the Executive’s service with the Company has not terminated before the effective date of the Change of Control; provided, however, that the foregoing provision shall only apply if the Company is not the surviving corporation or if shares of the Company’s common stock are converted into or exchanged for other securities or cash.

  • Incentive Awards a) The Executive shall participate in the Company's annual incentive plan for senior-level executives as in effect from time to time, subject to the performance standards set by the Compensation Committee. Payment of any annual incentive award shall be made at the same time that such awards are paid to other senior-level executives of the Company. The Executive's annual incentive award target shall be set by the Compensation Committee. b) The Executive shall be eligible to receive grants under the Company's long-term incentive plans as in effect from time to time; provided, however, that the size, type and other terms and conditions of any such grant to the Executive shall be determined by the Compensation Committee.

  • Equity Awards You will be eligible to receive awards of stock options or other equity awards pursuant to any plans or arrangements the Company may have in effect from time to time. The Board or Committee, as applicable, will determine in its sole discretion whether you will be granted any such equity awards and the terms of any such award in accordance with the terms of any applicable plan or arrangement that may be in effect from time to time.

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.