Retirement Notice and Payments Sample Clauses

Retirement Notice and Payments. For teachers who qualify under this retirement benefits plan and provide five
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Retirement Notice and Payments. For teachers who qualify under this retirement benefits plan and provide four (4) years advance notice, the Board shall grant the teacher increases on the prior year’s base salary of three percent (3%) per year for each of the teacher’s final four school years prior to retirement. The teacher's total annual creditable earnings increase for any school year shall not exceed three percent (3%) (defined as all compensation paid to the teacher, including payment of extracurricular activities, stipends and educational advancement) during their last four years prior to retirement. If a teacher elects to perform additional stipend activities or would otherwise be eligible to receive any compensation over base salary while receiving the retirement longevity payment, the amount received shall be adjusted or not paid, if necessary, so that the teacher's total annual creditable earnings shall not exceed 3%.
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Retirement Notice and Payments. For teachers who qualify under this retirement benefits plan and provide five (5) years advance notice, the Board shall grant the teacher increases on the prior year’s base salary of five percent (5%) per year for each of the teacher’s final five (5) school years prior to retirement. If the teacher provides four (4) years advance notice, the Board shall, for the last four (4) years of service immediately preceding retirement, increase the teacher’s base salary by five percent (5%) per year for each of the teacher’s final four (4) school years prior to retirement. If the teacher provides three (3) years advance notice, the Board shall, for the last three (3) years of service immediately preceding retirement, increase the teacher’s base salary by five percent (5%) per year for each of the teacher’s final three (3) years prior to retirement. If the teacher provides two (2) years advance notice, the Board shall, for the last two (2) years of service immediately preceding retirement, increase the teacher’s base salary by five percent (5%) for the teacher’s final two (2) years prior to retirement. If the teacher provides one (1) year of service immediately preceding retirement, the Board shall increase the teacher’s base salary by five percent (5%) for the teacher’s final one (1) school year prior to retirement. The teacher's total annual creditable earnings increase for any school year shall not exceed six percent (6.0%). If a teacher elects to perform additional stipend activities while receiving the retirement longevity payment, the amount received for the stipend activity shall be adjusted, if necessary, so that the teacher's total annual creditable earnings shall not exceed 6%.
Sample 1

Related to Retirement Notice and Payments

  • Rates and Payments Room and board fees are approved by the Board of Trustees during the spring semester for the following academic year; however, the University reserves the right to make adjustments as deemed necessary and appropriate in the sole discretion of the Vice President for Student Affairs or designee, at any time during the term of this agreement in accordance with Section 11.

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  • Compensation and Payment Terms A. Subject to the satisfactory performance of the services required of Contractor pursuant to this Agreement, and to the terms and conditions set forth in this Agreement, and following Contractor’s submission of an appropriate claim, and such other documentation that the County may require, County shall pay Contractor according to the terms set forth in Exhibit C, Terms of Payment. Contractor agrees to accept the foregoing payments as full and complete payment for all services provided pursuant to this Agreement, irrespective of whether the cost of such services and related administrative expenses exceed such payments.

  • Settlement Funding and Payments (a) Rite Aid agrees to pay up to twenty million and nine-hundred thousand dollars and no cents ($20,900,000), in order to fully and finally resolve the Wage-Hour Lawsuits in their entirety, inclusive of all Attorneys’ Fees and Lawsuit Costs; interest; Administration Costs; liquidated, punitive and multiplier of damages; taxes; payroll taxes, Employer Payroll Taxes, and Incentive Awards, if any. Rite Aid shall not be responsible for any taxes imposed by law on the Settlement Class Members as a result of payments made to the Settlement Classes, or any other sums in excess of the Gross Settlement Amount.

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  • DUES AND PAYROLL DEDUCTIONS 2.4.1 Payroll deductions for membership dues in the Union shall be provided by the District for members who sign and deliver to the Payroll Office the appropriate form authorizing such deductions.

  • PROFESSIONAL DUES AND PAYROLL DEDUCTIONS A. For Dues paying members, The District shall deduct one-twelfth (1/12) of dues and representation fee from the regular salary check of the unit member each month for twelve (12) months. Deductions for unit members who begin paid service after the commencement of the school year shall be prorated based on percentage of employment. Unit members serving one-half time paid service or less shall pay one-half of the dues and representation fee.

  • Billings and Payments Billings and payments shall be sent to the addresses set out in Appendix F.

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