Retirement Weapon Sample Clauses

Retirement Weapon. All employees shall be given an opportunity to purchase their service weapon upon their retirement by age and service or disability. The price of such weapon shall be the initial purchase price of the weapon for the first year after its purchase and 20 percent less, for each succeeding year until after five (5) years when the purchase price shall be one dollar ($1.00); unless the retirement is for reasons of psychological disability, whereupon the employee shall receive the dollar value of the service weapon, as based upon the formula above. In a case where a member is killed in the line of duty, the surviving spouse or other immediate family member may purchase the deceased employee’s service weapon, by making a request of the Superintendent. The Superintendent shall have the sole authority in determining if the sale of the service weapon is appropriate. The service weapon will be rendered inoperable prior to the sale.
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Retirement Weapon. All employees shall be given an opportunity to purchase their service weapon upon their retirement by age and service or disability. The price of such weapon shall be the initial purchase price of the weapon for the first year after its purchase and 20 percent less, for each succeeding year until after five (5) years when the purchase price shall be one dollar ($1.00); unless the retirement is for reasons of psychological disability, whereupon the employee shall receive the dollar value of the service weapon, as based upon the formula above.
Retirement Weapon. All employees shall be given an opportunity to purchase their service weapon upon their retirement by age and service or disability; provided however, if the employee or the Employer has received notice that the employee is under investigation for possible disciplinary action, possible criminal misconduct or where an administrative or criminal investigation is actively underway, the employee shall not be given the opportunity to purchase their service weapon. The price of such weapon shall be the initial purchase price of the weapon for the first year after its purchase and 20 percent less, for each succeeding year until after five (5) years when the purchase price shall be one dollar ($1.00); unless the retirement is for reasons of psychological disability, whereupon the employee shall receive the dollar value of the service weapon, as based upon the formula above. In a case where a member is killed in the line of duty, the surviving spouse or other immediate family member may purchase the deceased employee’s service weapon, by making a request of the Superintendent. The Superintendent shall have the sole authority in determining if the sale of the service weapon is appropriate. The service weapon will be rendered inoperable prior to the sale.
Retirement Weapon. Upon the retirement of a regular Police Officer with at least 20 years of service with the City Police Department or upon the retirement of a regular Police Officer due to a line of duty disability not related to emotional instability, said regular Police Officer shall retain the duty weapon that had been issued and assigned to him/her. As used herein, “medical disability” does not include a disability for psychological reasons.

Related to Retirement Weapon

  • RETIREMENT PICK-UP 205. The City shall pick up the full amount of the employee’s contribution to retirement.

  • Retirement Program Any employee employed prior to October 1, 1977, working at least seventy (70) hours per month shall by law be a member of the Washington Public Employees Retirement system (PERS) Plan One. Any employee working at least seventy (70) hours per month, entering employment on or after October 1, 1977, shall by law be a member of the School Employees Retirement System, Plan Two or Three. The District shall provide each new employee information concerning PERS or SERS membership benefits.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.

  • Retirement Programs The Company agrees to provide Employees with the benefits under the Magna Group of Companies Retirement Savings Program as set out in the Employee Retirement Savings Program Booklets.

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Retirement Fund The sum of $ 7.90, May 1, 2019 (May 1, 2020 $8.07; May 1, 2021 $ 8.24) per paid hour; ex- cept that Apprentices starting after April 30, 1997 will have this amount pro-rated in ac- cordance with their term level;

  • Retirement Savings 5.6.1 Principals are eligible to join a KiwiSaver scheme in accordance with the terms of those schemes.

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