Common use of Retirement Incentives Clause in Contracts

Retirement Incentives. Should any sum due to be paid be required to be paid by the district on the teacher’s behalf on account of his/her retirement which, hereafter, may be required by law, the provisions of these incentives shall have no force or effect and Article 35 shall be deemed void by the Board and Union. If any such sum is due and Article 35 is voided as provided herein, the Teacher shall reimburse the district the entire amount. In such an event, the obligation of the Teacher to repay the district shall remain despite Article 35 being voided.

Retirement Incentives. Should any sum due to be paid be required to be paid by the district on the teacherProfessional Educator’s behalf on account of his/her retirement which, hereafter, may be required by law, the provisions of these incentives shall have no force or effect and Article 35 shall be deemed void by the Board and Union. If any such sum is due and Article 35 is voided as provided herein, the Teacher Professional Educator shall reimburse the district the entire amount. In such an event, the obligation of the Teacher Professional Educator to repay the district shall remain despite Article 35 being voided.