RETIREMENT/RESIGNATION. Individuals who are identified for layoff who are eligible and choose to retire or take deferred retirement shall not be placed on preferential re- employment lists. Employees who retire or resign will be treated as in normal policies.
RETIREMENT/RESIGNATION. Section 6.1 - Retirement/Severance Pay
A. Upon retirement of a member of the bargaining unit, the Board shall pay a sum equal to the employee's daily rate of pay excluding supplemental salary, times one-fourth (1/4) of the employee's accumulated but unused sick leave to a maximum of fifty-six (56) days beginning with the 2017-2018 school year. Those employees who retire under this section shall be required to serve no less than ten (10) years in the Bowling Green City School District to be eligible for such payment. Further, if a certificated/licensed employee informs the Superintendent in writing of the intent to retire at the end of a school year prior to March 1 of said year, that teacher will be entitled to an additional $1,500 in severance pay.
B. For the purpose of Section A above, retirement shall mean disability or service retirement in the State Retirement Service.
C. Prior to this payment, the Treasurer of the Board of Education must have evidence in his/her possession that the certificated employee is in fact in a status of retirement from the teaching profession in Ohio. This evidence shall be written notification supplied by the State Teacher's Retirement System of Ohio.
D. Only those members of the Bowling Green City School District certificated/licensed staff whose effective date of retirement with the State Teacher's Retirement System of Ohio is no later than ninety (90) calendar days after the last paid day of service with the Bowling Green City Schools, shall be eligible to be paid for such accrued but unused sick leave credit.
E. Payment under Subsection A shall be made only once to any employee and such payment shall be considered to eliminate all sick leave accrued by the employee at the time of payment.
F. All teaching staff resignations or retirements shall have definite effective date of end of service. No last day of school or end of school year term will be accepted.
G. Death of an employee of the Board does not deny said employee of his/her rights to severance benefits.
H. Payment of retirement/severance pay will be made within sixty (60) calendar days of the employer's receipt of notification from STRS as set forth in (C) above.
RETIREMENT/RESIGNATION. 41.1 Employees shall notify the Employer in writing at least ten (10) working days before retiring or resigning.
RETIREMENT/RESIGNATION. Individuals who are identified for layoff who are eligible and choose to retire shall not be placed on layoff lists. Employees who retire or resign will be treated as provided in University policies.
RETIREMENT/RESIGNATION. Upon retirement or resignation with 20 years or more of service, each covered employee may be paid up to a maximum of two hundred eighty (280) hours of earned vacation as determined by the official City records.
RETIREMENT/RESIGNATION. If the employee notifies the district of their intention to resign or retire sixty (60) days prior to said resignation or retirement, the employee shall receive Thirty Five Dollars ($35) for each unused sick leave day. Upon retirement employees shall have the option to continue life insurance benefits at their cost under the group rate.
RETIREMENT/RESIGNATION. 21.1 There shall be no mandatory retirement age for members of the bargaining unit.
RETIREMENT/RESIGNATION. 21.1 There shall be no mandatory retirement age for members of the bargaining unit.
21.2 A bargaining unit member who retires will be entitled for an unlimited period of time, on the same basis as bargaining unit members, to use of the library, Bookstore discount, tickets for University functions, use of Xxxxxxx Center and other recreational facilities. Retired bargaining unit members shall be eligible to purchase a parking permit annually for the annual parking fee established by the University.
21.3 Retirees, their spouses, and children (as defined in Section 27.3) to the end of the academic year in which they reach age twenty-five (25), shall be eligible for remission of all instructional fees (See Article 27).
21.4 Bargaining unit members who retire with ten (10) or more years of University service are eligible for a convertible life insurance policy through the carrier as of the date of their retirement (rounded to the nearest multiple of $1,000) to a maximum of $75,000. Such policy for a retiree will not include accidental death and dismemberment insurance.
21.5 Upon the death of a retired bargaining unit member, their spouse who remains unmarried and children (as defined in Section 27.3) to the end of the academic year in which they reach age twenty-five (25) shall remain entitled to the benefits specified in Sections 21.2 and 21.3. However, a step-child of a retired bargaining unit member that dies is only eligible for the benefits specified in Section 21.3 as long as the surviving spouse of the deceased retiree remains unmarried.
RETIREMENT/RESIGNATION. Teachers who are intending to resign or retire on or before August 31st in any year shall notify the Board in writing not later than April 1st of the year in which the resignation or retirement will be effective
RETIREMENT/RESIGNATION. Effective as of immediately following the execution of the Merger Agreement on the Retirement Date, the Executive hereby retires from employment with the Company and resigns from his position as Chief Executive Officer of the Company and all other positions as an officer, director and/or manager that he holds with the Company or any affiliate of the Company, other than the Executive’s position as a member of the Company’s Board of Directors (the “Board”). The Executive agrees that he shall not resign from the Board prior to the earlier to occur of (a) the closing of the Merger (the “Closing”) and (b) termination of the Merger Agreement in accordance with its terms and shall serve on the Board until such time without the payment of additional compensation.
