Retirement Incentive / Recognition of Service Sample Clauses

Retirement Incentive / Recognition of Service a. In addition to any other compensation or severance pay, the Board shall pay an additional sum equal to severance pay to any bargaining unit member who retires in the year he/she first becomes eligible to retire, or upon resignation after having worked for twenty (20) or more years for the Board. Notice shall be in writing to the Board Treasurer no later than May 1 of the year he/she retires/resigns.
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Related to Retirement Incentive / Recognition of Service

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  • 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 Early Retirement Date (Subparagraph I [K]).

  • Termination of Services 6.2. To promote a non-discriminatory work environment based on the principle of equality, employers and the trade union should adopt appropriate measures to ensure that employees with HIV and AIDS are not unfairly discriminated against and are protected from victimisation through positive measures such as:

  • Calculation of Service 25.7 For purposes of calculating continuous service and active service, a year shall be deemed to consist of two hundred and sixty-one (261) working days.

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  • Level of Service 4.1.1 Each Member and New Market Entrant shall:

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