Retirement Conversion Leave. In the event of a retirement, the employee may opt to utilize leave to include Annual, Accrued and converted Sick as Retirement Conversion Leave. If this option is chosen, then the employee may choose one of two options:
Retirement Conversion Leave Sample Clauses
Related to Retirement Conversion Leave
Sick Leave Conversion On January 1 of each year, an employee may convert up to a maximum of 30 hours accumulated sick leave at fifty percent (50%) cash value for the sole purpose of reimbursing the employee for medical costs. This conversion is subject to the following:
RETIREMENT PICK-UP 257. For the term of this Agreement, the CITY shall pick up the full amount of the employees’ contribution to retirement.
Parental Leave/Adoption Leave An employee will be granted unpaid parental leave for a period up to and including thirty-five (35) weeks, upon request and verification of:
Normal Retirement Date The date on which the Executive attains age sixty-five (65).
Vacation Leave on Retirement An employee scheduled to retire and to receive pension benefits under the Public Service Pension Plan Rules or who has reached the mandatory retiring age, shall be granted full vacation entitlement for the final calendar year of service.
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.
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.
Retirement Leave (a) Full-time nurses who:
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.
Conversion of Sick Leave 30 A. Based upon accrual as of July 1 each fiscal year, employees shall be allowed 31 to convert sick leave in accordance with the following schedule:
