Retirement from Service. Upon separation from service for retirement after five (5) continuous years of full-time service, full-time employees shall be paid sixty dollars ($60) per year for each year of continuous service in the Central Columbia School District. To be eligible for this benefit and the health care benefit under IV.I., the employee must give at least four months notice prior to the retirement date.
Retirement from Service. In connection with Executive’s retirement on the Retirement Date and, with respect to any of the following compensation and benefits to which Executive is not currently entitled or that are not required by law, subject to Executive signing and letting become effective a general release of claims in the form attached hereto as Exhibit A (the “Release”) within the period of time specified therein:
(a) On the Retirement Date, the Company shall pay Executive his unpaid base salary through the Retirement Date plus any accrued and unused vacation pay and floating holidays. The Company shall reimburse Executive for his business expenses incurred prior to the Retirement Date in accordance with Company policies.
(b) On the Retirement Date, Executive’s participation in any Company employee benefit plans or programs (including without limitation any matching contributions under the Company’s 401(k) plan, life insurance premium programs and other medical programs and any car allowance or other personal benefits and perquisites) shall cease, except as otherwise expressly provided in this Agreement or in the applicable Company plan. For the avoidance of doubt, Executive shall not be eligible for severance benefits under any Company plan.
(c) Nothing herein shall amend the Pre-2005 Executive Deferral Plan, and any amounts thereunder shall be paid to Executive at the time and on the terms set forth in such plan.
(d) During his lifetime, Executive shall continue to receive employee discount privileges on the terms of the Company’s employee discount policy.
(e) Within 30 days following the Retirement Date, the Company shall pay to Executive a lump sum amount of $175,000, less applicable tax withholding, representing the estimated costs of post-retirement health coverage through December 2012.
(f) The Aircraft Lease Agreement between WHL Management LLC and the Company (the “Aircraft Agreement”) shall, notwithstanding Section 15 thereof, continue through May 16, 2011 (the “Lease Expiration Date”) on its existing monthly terms. Executive shall cause WHL Management LLC to give the Company the option to purchase the Aircraft (as defined in the Aircraft Agreement) on the Lease Expiration Date for $32 million, and the Company (upon approval by the Board) shall give WHL Management LLC written notice of its intent to exercise or not exercise such option prior to December 1, 2010.
(g) Attached hereto as Exhibit B is a list of Executive’s stock options and stock-settled stock apprecia...
Retirement from Service. (a) As of December 4, 2015, or such other date as you and the Company may mutually agree upon (provided that such date shall be no later than December 31, 2015) (the “Retirement Date”), you will resign from your positions as the Executive Vice President and Chief Development Officer of the Company, the Chief Executive Officer of NES, a member of the Board of Directors of NES and any other positions you may have with the Company or its affiliates, and will promptly execute such documents and take such actions as may be necessary or reasonably requested by the Company to effectuate or memorialize your resignation from such positions. The parties agree that your resignation will be treated as a termination of employment by you for Good Reason pursuant to Section 10(c) of the Employment Agreement, and that the Retirement Date shall constitute the Date of Termination for purposes of the Employment Agreement.
(b) Effective as of the Retirement Date, your employment under the Employment Agreement will terminate and you will no longer be employed by the Company, NES or any of their affiliates. From and after the Retirement Date, you agree to provide consulting services to the Company from time to time as reasonably requested by the Chief Executive Officer of the Company in connection with the search for, and the transfer of executive leadership to, a successor Chief Executive Officer of NES, provided that if such successor is an interim appointment, you will provide the same services with respect to any permanent replacement thereto. You will provide up to ten hours per month of such consulting services for a period of 18 months following the Retirement Date (the “Transition Period”).
Retirement from Service. (a) Effective October 15, 2017 (the “Retirement Date”), you hereby resign from your positions as the President of APUS and any other positions you may have with APUS, Parent, or their respective affiliates, and will promptly execute such documents and take such actions as may be necessary or reasonably requested by APUS or Parent to effectuate or memorialize your resignation from such positions. The parties agree that your resignation will be treated as a termination by APUS pursuant to Section 9(b)(iii) of the Employment Agreement, and that the Retirement Date shall constitute the Date of Termination for purposes of the Employment Agreement. You and APUS agree that, because your retirement is being treated as a termination pursuant to Section 9(b)(iii) of the Employment Agreement, you shall receive the benefits pursuant to Section 10(d) of the Employment Agreement, as they are modified pursuant to the terms of this Letter Agreement.
(b) Effective as of the Retirement Date, your employment under the Employment Agreement will end and you will no longer be employed by APUS, Parent or any of their affiliates. From and after the Retirement Date and through June 30, 2018 (the “Term”) you agree to be available and willing to provide consulting services (the “Consulting Services”) to APUS and Parent from time to time as reasonably directed by the President (or Acting President) of APUS or the Chief Executive Officer of APEI, which services shall include transition services to support the transition to an Acting President and then to a new President, continuing to represent APUS in the higher education community as its advocate, continuing your President’s blog (as President Retired), and providing guidance as requested on accreditation related matters.
(c) On the first regular payroll date of the Company following the Retirement, you shall be paid an amount equal to the sum of (i) your Base Salary through the Retirement Date to the extent not theretofore paid, and (ii) any accrued vacation pay, in each case, to the extent not theretofore paid (the “Accrued Benefits”). You acknowledge and agree that upon your acceptance and receipt of the Accrued Benefits APUS and Parent shall have satisfied all obligations pursuant to Section 10(d)(i) of the Employment Agreement. September 28, 2017
Retirement from Service. Employee shall retire his employment with VSEA in all capacities effective December 31, 2004 (the “Retirement Date”). Effective on the Retirement Date, Employee also shall resign from service as a director and officer of the Company.
Retirement from Service. Upon retirement or separation from the City, the City Manager shall not be entitled to cash out any remaining sick leave balance. Upon retirement from the City accumulated sick leave hours may be used to purchase additional CAI-PERS service credit, if permitted by law and PERS.
Retirement from Service. The VP/DSS shall also receive the following, as part of his retirement from employment with the district:
Retirement from Service. The DOS shall also receive the following, as part of her retirement from employment with the district:
Retirement from Service. The SC&I shall also receive the following, as part of her retirement from employment with the district:
Retirement from Service. The DSPS/G shall also receive the following, as part of her retirement from employment with the district:
