Retirement Notice Award Sample Clauses

Retirement Notice Award. Regular employees who give between six (6) and nine (9) months’ advance notice of retirement and are at least age fifty-five
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Retirement Notice Award. Eligible regular employees who give between six (6) and nine (9) months’ advance notice of retirement and are at least age fifty-five (55) with at least twelve (12) years of continuous service will be eligible for a Retirement Notice Award. The Award will be pro-rated for FTE at the employee’s regular rate of pay at the time of retirement. The Award will be paid at the end of the employee’s career with Group Health. If an employee previously received a retirement PTO award before January 1, 2014 (whether or not they actually retired), they are not eligible to receive this Retirement Notice Award. Retirement Notice Award Schedule: • 12 through 19 years of service – 80 hours of pay • 20 or more years of service - 120 hours of pay
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Retirement Notice Award. Regular employees who give between six (6) and nine
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Retirement Notice Award. All regular employees who give between six (6) and nine (9) months’ advance notice of separation and are at least age fifty-five (55) with at least twelve (12) years of continuous service will be eligible for a Retirement Notice Award. The Award will be prorated by assigned FTE at the time of the employee’s separation and will be paid at the employee’s regular rate of pay at the time of separation. (Example: A 0.5 FTE employee with fifteen (15) years of service would receive the equivalent of forty (40) hours of pay.) The Award will be paid at the end of the employee’s career with the Employer. If an employee previously received the retirement PTO award in existence before September 1, 2012 (whether or not they actually retired), they are not eligible to receive this Retirement Notice Award. RETIREMENT NOTICE AWARD SCHEDULE Twelve (12) through nineteen (19) years of service – eighty (80) hours of pay. Twenty (20) or more years of service – one hundred twenty (120) hours of pay.
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Retirement Notice Award. Regular employees who give between six (6) and nine (9) months' advance notice of retirement and are at least age fifty-five (55) with at least twelve (12) years of continuous service will be eligible for a Retirement Notice Award. The Award will be pro-rated for FTE at the employee's regular rate of pay at the time of retirement. The Award will be paid at the end of the employee's career with Group Health. Retirement Notice Award Schedule: ● 12 through 19 years of service - 80 hours of pay ● 20 or more years of service - 120 hours of pay
Sample 1
Retirement Notice Award. Beginning September 1, 2012, regular employees who give between six (6) and nine (9) months’ advance notice of retirement and are at least age fifty-five (55) with at least twelve (12) years of continuous service will be eligible for a Retirement Notice Award. The Award will be prorated for FTE at the employee’s regular rate of pay at the time of retirement. The Award will be paid at the end of the employee’s career with Group Health. If an employee previously received the retirement PTO award in existence before September 1, 2012 (whether or not they actually retired), they are not eligible to receive this Retirement Notice Award. Retirement Notice Award Schedule:  12 through 19 years of service – 80 hours of pay  20 or more years of service - 120 hours of pay ARTICLE 13 - PAID TIME OFF (PTO) / EXTENDED ILLNESS BANK (EIB)
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Related to Retirement Notice Award

  • Retirement Options The Xxxxxxx Community College Board of Trustees may at its discretion grant one of the following retirement incentive plans to eligible faculty. The unit member must elect and may participate in only one of the three following retirement plans:

  • Early Retirement Option The District may offer an early retirement incentive for unit members.

  • Service Award Named Plaintiff may apply to the Court for a service award of up to ten thousand dollars ($10,000). Subject to the Court’s approval, the service award shall be paid from the Settlement Fund ten (10) days after the Effective Date.

  • RETIREMENT PICK-UP 257. For the term of this Agreement, the CITY shall pick up the full amount of the employees’ contribution to retirement.

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

  • Period of Continuous Service Period of Notice Up to 1 Year 1 Week More than 1 Year but less than 3 Years 2 Weeks More than 3 Years but less than 5 Years 3 Weeks More than 5 Years 4 Weeks

  • Retirement Bonus 22:01 Employees retiring in accordance with the following:‌

  • EARLY RETIREMENT INCENTIVE PLAN 1. The Board will pay an allowance to continuing contract teachers who retire from teaching in the District under the Teachers' Pension Plan, before reaching age sixty (60), subject to the following conditions: The teacher must:

  • Employment Option If the State determines that it would be in the State’s best interest to hire an employee of the Contractor, the Contractor will release the selected employee from any non-competition agreements that may be in effect. This release will be at no cost to the State or the employee.

  • Early Retirement Incentive The Employer may offer to any faculty member or a faculty member may apply for one of the early retirement incentive alternatives described herein, provided the faculty member meets the following criteria. The Union shall be advised in writing of any offer of early retirement made to a faculty member.

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