Stipend Period Sample Clauses

Stipend Period. All monthly payments under early retirement shall cease upon the occurrence of any of the following: death of the retired employee; the employee attaining age sixty-five (65); or the District having made 84 monthly retirement payments to the employee. It is understood that once the employee has been granted early retirement status, his/her rights hereunder cannot be terminated by the District.
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Stipend Period i. Faculty who meet service and age requirements in Article 25.G.2.a above and who retire on or before June 30, 2015, will be paid a monthly stipend for a maximum of four years up to the age of sixty-two (62). ii. Faculty who meet service and age requirements in Article 25.G.2.a above and who retire between June 1, 2015, and June 30, 2016, will be paid a monthly stipend for a maximum of three years up to the age of sixty-two (62). iii. Faculty who meet service and age requirements in Article 25.G.2.a. above and who retire between July 1, 2016, and June 30, 2017, will be paid a monthly stipend for a maximum of two years up to the age of sixty-two (62). iv. Faculty who meet service and age requirements in Article 25.G.2.a. above and who retire between July 1, 2017, and June 30, 2018, will be paid a monthly stipend for a maximum of one year up to the age of sixty-two (62). v. Notwithstanding Article 25.G.2.a, faculty who retire prior to age fifty-eight (58) will have the option of receiving the same amount of stipend calculated using the Monthly Stipend amount in Article 25.G.2.b. above and the Stipend Period in Article 25.G.2.c.i. through G.2.c.iv above, divided over the months between retirement and age sixty-two (62).
Stipend Period. Faculty who meet service and age requirements in 2a above and who retire on or before June 30, 2015 will be paid a monthly stipend for a maximum of four years up to the age of sixty-two (62).

Related to Stipend Period

  • Payment Period Whenever a payment under this Agreement specifies a payment period with reference to a number of days, the actual date of payment within the specified period shall be within the sole discretion of Company.

  • week period If an employee fails to return at the end of the family care or medical leave, the CSU may require repayment of insurance premiums paid during the unpaid portion of the leave. The CSU shall not require repayment of premiums if the employee's failure to return is due to his/her serious health condition or due to circumstances beyond the employee's control.

  • Probation Period It is understood and agreed that the first ninety days of employment shall constitute a probationary period during which period the Employer may, in its absolute discretion, terminate the Employee's employment, for any reason without notice or cause.

  • Meal Period Employees shall receive a meal period which shall commence no less than two (2) hours nor more than five (5) hours from the beginning of the employee's regular shift or when the employee is called in to work on their regular day off. The meal period shall be no less than one-half (½) hour nor more than one (1) hour in duration and shall be without compensation. Should an employee be required to work in excess of five (5) continuous hours from the commencement of their regular shift without being provided a meal period, the employee shall be compensated two (2) times the employee's straight-time hourly rate of pay for the time worked during their normal meal period and be afforded a meal period at the first available opportunity during working hours without compensation.

  • DATE AND PERIOD OF OPERATION 3.1 This Agreement will operate from the date seven (7) days after it is approved by the FWC and shall have a nominal expiry date of 2 July 2027. By no later than 2 July 2026 the Employer intends to commence discussions concerning a replacement enterprise agreement. This Agreement will continue to operate after its nominal expiry date unless it is replaced by another enterprise agreement or terminated in accordance with the Fair Work Act.

  • Payment for period of leave 30.9.1. Each employee before going on leave shall be paid the amount of wage he/she would have received in respect of the ordinary time which he/she would have worked had he/she not been on leave during the relevant periods. For the purpose of this clause and 29.1 wages shall be at the rate prescribed by the relevant part of Schedule 3 for the classification in which the employee was ordinarily employed immediately prior to the commencement of his/her leave.

  • Benefit Period Following the Qualifying Period you will receive a monthly income until the earlier of: (i) Attainment of age 65 (ii) Cessation of total disability (iii) Attainment of date of retirement

  • Contract Duration and Annual Salary 1. The College hereby employs the Administrator in the capacity of Director - Marketing Services, Associate Professor for one year, commencing on July 1, 2024 and terminating on June 30, 2025. The Administrator accepts such employment on the conditions hereinafter set forth, and any applicable provisions of the Board of Trustees Policy Manual. In the event of conflict between Board Policy and this Contract, the Contract shall govern. 2. For the 2024-2025 contract year, the Administrator shall receive an annual salary of $178,054.00 subject to applicable deductions, to be paid in bi-weekly installments as full compensation for all rights granted and service performed under this Contract.

  • Power to extend periods Notwithstanding any provision of this Agreement the Minister may at the request of the Company from time to time extend or further extend any period or vary or further vary any date referred to in this Agreement or in any approved proposal for such period or to such later date as the Minister thinks fit whether or not the period to be extended has expired or the date to be varied has passed.

  • Extension Period Any extension hereof shall be subject to the provisions of Article III hereof.

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