Special Retirement Allowance Sample Clauses

Special Retirement Allowance. In recognition of dedicated service to the Swedesboro-Woolwich School District the following special retirement allowance shall be implemented:
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Special Retirement Allowance. For those employees retiring between the age of and a special one time retirement allowance will be paid based on the following formula. per year of service up to a maximum of This maximum will decline by per year until at which time This special Retirement Allowance will end with those employees retiring in Employee Retiring per year of Service Between the of and up to a Maximum benefit of The parties agree that joint information sessions on the Supplemental Plan and the Flat Benefit Pension Plan will be arranged as soon as possible following the ratification of the Collective Agreement.
Sample 1
Special Retirement Allowance. Any employee who submits to the Superintendent of Schools before April 1 of any school year a written statement of retirement under the New York State Employees Retirement System to take effect at the end of June of that school year shall be eligible for payment of his/her unused sick leave. This payment shall be included in the last salary voucher. For employees who retire other than at the end of the year, three (3) months’ written notice, in advance, is similarly required. The accumulated sick leave payment shall be at a rate of sixty-five dollars ($65.00) per day to a maximum of eleven thousand hundred dollars ($11,700).
Sample 1
Special Retirement Allowance. For those employees retiring between the age of and a special one time retirement allowance will be paid based on the following formula. per year of service up to a maximum of This maximum will decline by per year until at which time This special Retirement Allowance will end with those employees retiring in Employee Retiring per year of Service Between the of and up to a Maximum benefit of The parties agree that joint information sessions on the Supplemental Plan and the Flat Benefit Pension Plan will be arranged as soon as possible following the ratification of the Collective Agreement. Xxxxxxxx Signed at Ontario this day of April, A. ADDENDUM: TO THE AGREEMENT BETWEEN EDDY FOREST PRODUCTS LTD. (Hereinafter referred to the "Company") AND CANADA (Hereinafter referred to as the "Union") Signed on the day of January, The Company and the Union agree that where it is necessary for the Company to increase its work force of employees listed on the seniority list for the sole purpose of carrying out seasonal work, (reforestation) the Company may hire additional employees to perform seasonal work under the provisions of the collective Agreement and as amended by this Addendum for such seasonal employees.
Sample 1
Special Retirement Allowance. 1/ Effective July 1, 2007, the maximum amount shall be $37,125 based upon a $165.00 per day formula. Effective July 1, 2008 the maximum amount shall be $38,250 based upon a $170.00 per day formula. Effective July 1, 2009 the maximum amount shall be $39,375 based upon a $175.00 per day formula. Effective July 1, 2010 the maximum amount shall be $40,500 based upon a $180.00 per day formula. For this purpose, a maximum of 225 days can be accumulated. 2/ However, in lieu of the above, Association members who have served a minimum of fifteen (15) years in the Massapequa School system and twenty
Sample 1
Special Retirement Allowance. Any employee who submits to the Superintendent of Schools before April 1 of any school year a written statement of retirement under the New York State Teachers Retirement System to take effect at the end of June of that school year shall be eligible for payment of his unused sick leave. This payment shall be included in the last salary voucher. For employees who retire other than at the end of the year, three months written notice in advance is similarly required. The accumulated sick leave payment shall be at the rate of $100 per day to a maximum of $20,000 in each year of this contract. For the purpose of this special retirement allowance and limited only thereto, the 180 day sick leave accumulation limit shall be increased to 200 days. In addition to the above, Association members who have served a minimum of 10 years in the Massapequa School System and 20 years in the New York State Teachers’ Retirement System are eligible for a retirement incentive benefit of $25,000 under the following conditions:
Sample 1

Related to Special Retirement Allowance

  • Retirement Allowance Prior to issuing notice of layoff pursuant to article 9.08(a)(ii) in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under HOOPP within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff under article 9.08(a)(ii). An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two (2) weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of fifty-two (52) weeks' salary.

  • TERMINATION ALLOWANCE In the event of closure of all or part of the Employer’s retail store, which results in the permanent lay-off of any employees, the employer agrees to pay each employee so affected, in accordance with Company policy, the following: • Less than one (1) completed year of service: according to Employment Standards (if any). • A year or more but less than five (5) completed years of service: one (1) week’s pay for each completed year of service. • More than five (5) completed years of service: five (5) weeks for the first five (5) years of service plus one and a half (1.5) weeks per completed year of service for each subsequent year up to a maximum of thirty (30) weeks in total.

  • Vacation Pay on Retirement Termination is as follows:

  • VESTED RETIREMENT GRATUITY VOLUNTARY EARLY PAYOUT a) An Employee eligible for a Sick Leave Credit retirement gratuity as per Appendix A shall have the option of receiving a payout of his/her gratuity on August 31, 2016, or on the employee’s normal retirement date.

  • Vacation Leave on Retirement ‌ An employee scheduled to retire and to receive pension benefits under the Public Service Pension Plan Rules or who has reached the mandatory retiring age, shall be granted full vacation entitlement for the final calendar year of service.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Separation Allowance 13.01 Should it become necessary to close the plant or a portion of the plant and it is not expected that those affected will be re-employed, a separation allowance will be paid to employees subject to the following:

  • Vacation Allowance Employees in permanent positions are entitled to vacation with pay. Accrual is based upon straight time hours of working time per calendar month of service and begins on the date of appointment to a permanent position. Increased accruals begin on the first of the month following the month in which the employee qualifies. Accrual for portions of a month shall be in minimum amounts of one (1) hour calculated on the same basis as for partial month compensation pursuant to Section 5.6 of this MOU. Vacation credits may be taken in one (1) minute increments but may not be taken during the first six (6) months of employment (not necessarily synonymous with probationary status) except where sick leave has been exhausted; and none shall be allowed in excess of actual accrual at the time vacation is taken.

  • Severance and Retirement Options (a) (i) Where an employee resigns within 30 days after receiving notice of layoff pursuant to article 14.02 (a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks' salary for each year of continuous service to a maximum of sixteen (16) weeks' pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars.

  • Parental and Adoption Leave Allowance (a) A Nurse entitled to parental or adoption leave under the provisions of this Agreement, who provides the Employer with proof that she/he has applied for and is eligible to receive employment insurance (E. I.) benefits pursuant to the Employment Insurance Act, 1996, shall be paid an allowance in accordance with the Supplementary Employment Benefit (S.E.B.) Plan.

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