Retiring Staff Members Sample Clauses

Retiring Staff Members. Staff members who resign effective at the termination of their working period or at the end of a school year are provided the option of receiving their total remaining earnings at that time. In that event, the Board shall have no further responsibility for providing any fringe benefits as set forth in this Agreement. In the event a resigning staff member elects to continue his/her normal pay period through to the point when total earnings would have been paid, the Board shall continue to be obligated to provide fringe benefits to the point where total earnings have been paid. Staff members who begin work after January 1 shall be given the option at that time of receiving all monies they will earn during the normal working year with the last check received after completion of services to the Board and termination of fringe benefits at that time. Staff members beginning work after January 1 may choose to receive total earned compensation over the remaining portion of the normal contract year with fringe benefits to continue to the end of that period.
AutoNDA by SimpleDocs

Related to Retiring Staff Members

  • New Members No person may be admitted as a member of the Company without the approval of the Member.

  • Investors of one Contracting Party affected by expropriation shall have a right to prompt review, by a judicial or other independent authority of the other Contracting Party, of their case and of the valuation of their investments in accordance with the principles set out in this Article.

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