RETIREMENT NOTICE BONUS. The Board shall pay a bonus of $1,000 to any teacher who provides written notice to the Superintendent by not later than 4:00 p.m. on February 1 of the teacher’s retirement at the end of that school year. If school is not in session on February 1, this deadline shall be extended to 4:00 p.m. on the next day when school is in session. This bonus shall be paid when severance is paid.
RETIREMENT NOTICE BONUS. To encourage and reward advance notice of an employee’s intent to retire, the District will pay a $500 Retirement Bonus for employees who give more than six months’ notice of the intended retirement date in writing. For employees who give one full year’s notice in writing, the District will pay a $1,000 bonus. The bonus shall be paid on the employee’s last day worked, provided the actual date is within one month of the date given in the Notice of Intent to Retire.
RETIREMENT NOTICE BONUS. A. The District will pay Educators who provide sufficient advance notice of their retirement a bonus as set forth below. To be eligible for the bonus the Educator must meet the following conditions: • Requisite completed years of continuous permanent full-time service at Greater New Bedford Regional Vocational Technical High School; • Resigning for purposes of retirement through Massachusetts General Laws Chapter 32; and • Provides written notice to the Superintendent twelve (12) months cirmore before the date the Educator intends to retire.
RETIREMENT NOTICE BONUS. The employer agrees to give the employee a 5% Bonus (calculated on base rate x 2080 hrs or 1950 hrs depending on employee’s current schedule) at time of retirement, if the retiring employee gives the employer 1 year prior notice of retirement in writing. April 27, 2000 LETTER OF UNDERSTANDING Bonus Vacation Program New employees hired on or after April 1, 1992 will not be eligible for bonus vacation entitlement. The Plan remains in effect for all regular full-time employees actively employed as of March 31, 1992.
