Retirement due to Disability Sample Clauses

Retirement due to Disability. A teacher who becomes disabled may qualify for retirement benefits due to a disability. For full information the Human Resources Department should be contacted. If the teacher has used all of the sick days and no longer qualifies for the sick leave bonus as described in Article IX, L, 4, the Human Resources Department may be petitioned for the sick leave bonus.
AutoNDA by SimpleDocs
Retirement due to Disability. An employee who has completed fifteen years of recognized service and who becomes wholly and permanently disabled before his Normal Retirement Date may be granted a disability pension at a reduced rate calculated on an actuarially equivalent basis, if they have not reached 55 years of age. If the employee has completed 15 years of recognized service and has attained the age of 55, the pension will represent full benefits earned to the retirement date with no actuarial reduction. The pension supplement is not payable to employees retiring due to disability unless they have 15 years of service and have reached the age of fifty-five (55) at the time of disability retirement.
Retirement due to Disability. Any employee who is forced to retire before age 55 due to disability and qualifies for a Social Security disability pension shall have their rate of hospitalization premium continue at the same rate being paid by active employees. At age 65 the premium will be adjusted to that of all retirees at that age.

Related to Retirement due to Disability

  • Death or Disability The Executive's employment shall terminate automatically upon the Executive's death during the Employment Period. If the Company determines in good faith that the Disability of the Executive has occurred during the Employment Period (pursuant to the definition of Disability set forth below), it may give to the Executive written notice in accordance with Section 12(b) of this Agreement of its intention to terminate the Executive's employment. In such event, the Executive's employment with the Company shall terminate effective on the 30th day after receipt of such notice by the Executive (the "Disability Effective Date"), provided that, within the 30 days after such receipt, the Executive shall not have returned to full-time performance of the Executive's duties. For purposes of this Agreement, "Disability" shall mean the absence of the Executive from the Executive's duties with the Company on a full-time basis for 180 consecutive business days as a result of incapacity due to mental or physical illness which is determined to be total and permanent by a physician selected by the Company or its insurers and acceptable to the Executive or the Executive's legal representative.

  • Retirement Age It is assumed that an employee terminates employment at the end of the school year in which the employee attains age 58 or at the end of the current year, if the individual is already 58 or older.

  • Termination of Service Termination of Service shall mean the Executive’s voluntary resignation of service by the Executive or the Bank’s discharge of the Executive without cause, prior to the Normal Retirement Age (Subparagraph I [J]).

  • Disability If, as a result of the Executive's incapacity due to physical or mental illness, the Executive shall have been absent from his duties with the Company on a full-time basis for six months and within 30 days after written notice of termination is thereafter given by the Company the Executive shall not have returned to the full-time performance of the Executive's duties, the Company may terminate this Agreement for "Disability."

Time is Money Join Law Insider Premium to draft better contracts faster.