Retirement Service Award Sample Clauses

Retirement Service Award. Employees will receive a cash award at retirement if they are at least age fifty-five (55) and have been continuously employed in a 0.75 FTE position for twelve (12) or more years at retirement. The Retirement Service Award is fifty-five dollars ($55) for every year that employees have worked at KFHPWA.
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Retirement Service Award. Eligible regular employees will receive a Retirement Service Award at retirement if they are at least age fifty-five (55) and have been continuously employed in a 0.75 FTE position for twelve (12) or more years. The Retirement Service Award is fifty-five dollars ($55) for every year of service at Group Health as a regular employee since the employee’s most recent hire date.
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Retirement Service Award. Employees will receive a service award at retirement if they are at least age fifty-five (55) and have been continuously employed in a 0.75 FTE position for twelve (12) or more years at retirement. The Retirement Service Award is fifty-five dollars ($55) for every year that employees have worked at KFHPWA.
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Retirement Service Award. Eligible regular employees will receive a Retirement Service Award at separation if they are at least age fifty-five (55) and have been continuously employed in at least a .75 FTE position for twelve (12) or more years. The Retirement Service Award is fifty-five dollars ($55) for every year of service at the Employer as a regular employee since their most recent hire date.
Sample 1Sample 2
Retirement Service Award. 1. Bargaining unit members employed by Central Michigan University in the bargaining unit who were on the payroll or on leave of absence prior to March 1, 1976, and who retire as specified in Article 38 (Retirement), shall receive a retirement service award of one-and-one-half percent (1½%) of the bargaining unit member's current ten (10) month base salary at the time of retirement multiplied times the number of equivalent full-time years of service at Central Michigan University. 2. For purposes of Paragraph 1, bargaining unit members who retire at age 55-59 with at least fifteen (15) but less than thirty (30) years of service shall receive a retirement service award calculated according to the same method but multiplied by 55/60 if age fifty-five (55), 56/60 if age fifty-six (56), etc. The proration of the award is waived by CMU when an eligible bargaining unit member under age sixty (60) has entered into a retirement incentive agreement with CMU. 3. In case of the death of a bargaining unit member who had been on the payroll or on leave of absence prior to March 1, 1976, the retirement requirements are waived and an amount equal to the retirement service award will be paid to the estate of the bargaining unit member. 4. Additional information regarding details of the retirement service award is available in the Benefits Office, Xxxx Xxxx.
Sample 1
Retirement Service Award. A. In order to be eligible for a retirement service award the following conditions must be met. 1. Retiree must have 10 years of district service. All District service shall count towards meeting this requirement. 2. Retiree must be eligible to collect TRS benefits. 3. The unit member must notify the district at least 5 months prior to intended retirement date. B. The amount of an eligible member’s retirement incentive shall be determined using the following formula: Upon retirement the unit member will receive fifty dollars ($50) per day for accumulated sick days up to a maximum of one hundred (100) days. Additionally, the unit member will receive two hundred and fifty dollars ($250) per year for each year of district service for up to a maximum of twenty (20) years. The maximum amount of a retirement service award for an eligible member is ten thousand dollars ($10,000). The District shall distribute said monies within thirty (30) days of retirement into a non-elective 403(b) employer contribution plan. C. The Employer agrees to make a Non-elective Contribution for eligible unit members in an amount determined above. Such contribution will be made to a 403(b) program able to accept Employer contributions as defined in the Internal Revenue Code. This contribution will be processed within thirty (30) days of retirement. No Cash Option –
Sample 1

Related to Retirement Service Award

  • 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.

  • Service Awards The County shall continue its present policy with respect to service awards including time off; provided, however, that the type of award given shall be at the sole discretion of the County. The following procedures shall apply with respect to service awards:

  • Traditional Individual Retirement Custodial Account The following constitutes an agreement establishing an Individual Retirement Account (under Section 408(a) of the Internal Revenue Code) between the depositor and the Custodian.

  • Stock Plan Administration Service Provider The Company transfers the Optionee's Personal Information to Fidelity Stock Plan Services LLC, an independent service provider based in the United States, which assists the Company with the implementation, administration and management of the Plan (the “Stock Plan Administrator”). In the future, the Company may select a different Stock Plan Administrator and share the Optionee's Personal Information with another company that serves in a similar manner. The Stock Plan Administrator will open an account for the Optionee to receive and trade Shares acquired under the Plan. The Optionee will be asked to agree on separate terms and data processing practices with the Stock Plan Administrator, which is a condition to the Optionee’s ability to participate in the Plan.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Developer Compensation for Emergency Services If, during an Emergency State, the Developer provides services at the request or direction of the NYISO or Connecting Transmission Owner, the Developer will be compensated for such services in accordance with the NYISO Services Tariff.

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

  • Xxxx Individual Retirement Custodial Account The following constitutes an agreement establishing a Xxxx XXX (under Section 408A of the Internal Revenue Code) between the depositor and the Custodian.

  • Public Employees Retirement System “PERS”) Members.

  • Stock Plan Administration Service Providers The Company transfers participant data to Xxxxxx Xxxxxxx, an independent service provider based in the United States, which assists the Company with the implementation, administration and management of the Plan. In the future, the Company may select a different service provider and share the Participant’s data with another company that serves in a similar manner. The Company’s service provider will open an account for the Participant to receive and trade Shares. The Participant will be asked to agree on separate terms and data processing practices with the service provider, which is a condition to the Participant’s ability to participate in the Plan.

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