Common use of Retirement Notification Benefit Clause in Contracts

Retirement Notification Benefit. If a teacher plans to retire, they must notify the Superintendent in writing of their retirement plan on or before May 1st of the present year of employment to qualify for a one time deposit of $500.00 in their 401(a) retirement account. Teachers that give retirement notification after May 1st will not receive this aforementioned benefit.

Appears in 5 contracts

Samples: Tentative Agreement, Tentative Teacher Agreement, Agreement

AutoNDA by SimpleDocs

Retirement Notification Benefit. If a teacher plans to retire, they must notify the Superintendent in writing of their retirement plan on or before May 1st of the present year of employment to qualify for a one one-time deposit of $500.00 in their 401(a) retirement account. Teachers that give retirement notification after May 1st will not receive this aforementioned benefit.

Appears in 1 contract

Samples: Tentative Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!