Termination and Retirement. All active participants terminate two years after the valuation date, or immediately, if that produces a higher liability. Benefit payments begin at the earliest retirement date following termination.
Termination and Retirement a. At any time during your employment, either the Employer or Employee shall be entitled to terminate the employment subject to the notice period set forth below. The Employee may terminate the employment by giving 60 (Sixty) day’s written notice or 2 (Two) month’s salary which is based on annual fixed compensation, in lieu of notice to the Employer. The Employer may terminate the employment by giving 60 (Sixty) day’s written notice or 2 (Two) month’s salary which is based on annual fixed compensation, in lieu of notice to the Employee, subject to the release date being approved by the Employer. During the notice period, the Employee shall cooperate with the Employer in ensuring smooth transition and handover of responsibilities failing which the Employer shall be authorized to withhold/forfeit your dues.
b. This Agreement will automatically terminate, as a result of retirement, upon the Employee attaining the age of 65 years.
Termination and Retirement. An employee who retires from City service shall receive an additional retirement plan contribution that is equal to fifty percent (50%) of the cash value in wages of all accrued sick leave. An employee shall be considered to have retired from City service only if he or she begins receiving Social Security retirement (not disability) benefits upon termination of City employment, or if he or she has thirty (30) or more years of service with the City.
Termination and Retirement. 14:01 An SSP may terminate employment with the Board at any time. An SSP shall be expected to give ten
Termination and Retirement. Employees terminating with more than twelve (12) months of Hospital service will receive payment for unused accrued Earned Time at their then regular rate of pay, (see Article XXIV, Section 4). Earned Time may not be used to extend the termination date beyond the last actual day of work. The employee’s department may deny payment of Earned Time during the final four (4) weeks of employment. Employees terminated for misconduct will forfeit accrued Earned Time.
Termination and Retirement. (a) If Executive shall die during --------------------------- the Employment Period, this Agreement shall terminate, except that (i) Executive's surviving spouse or, if none, his estate, shall be entitled to receive Executive's compensation (including bonus) to the last day of the third calendar month following the date of his death; and (ii) such termination shall not affect any rights which Executive may have at the time of his death pursuant to any insurance or other death benefit, retirement, stock option or other plans or arrangements of the Company or of any subsidiary or affiliate of the Company, which rights shall continue to be governed by the provisions of such plans and arrangements.
(b) At the sole discretion of the Board of Directors, Executive may be terminated if the Executive is disabled (as defined below) and shall have been absent from his duties with the Company on a full time basis for one hundred and eighty (180) consecutive days, and within thirty (30) days after written notice by the Company to do so, the Executive shall not have returned to the performance of his duties hereunder on a full time basis. In the event of such termination, the Company shall make to Executive the payments specified in Section 4(d). As used herein, the term "disabled" shall (i) mean that Executive -------- is unable, as a result of a medically determinable physical or mental impairment, to perform the duties and services of his position, or (ii) have the meaning specified in any disability insurance policy maintained by the Company, whichever is more favorable to the Executive.
(c) The Company may, by written notice to Executive, terminate Executive's employment hereunder for cause, which termination shall be effective as of the date of receipt of such notice by Executive. In the event of a termination for cause, the Company shall not be required to give any prior notice per Section 2 herein, and Executive shall receive no severance benefits whatsoever. As used herein, "cause" shall mean (i) the conviction of Executive ----- of a felony or conviction of a misdemeanor if such misdemeanor involves moral turpitude; or (ii) Executive's voluntary engagement in conduct constituting larceny, embezzlement, conversion or any other act involving the misappropriation of Company funds in the course of his employment; or (iii) the willful refusal to carry out specific directions of the Board of Directors, which directions shall be consistent with the provisions hereof;...
Termination and Retirement. 21.01 The normal retirement age shall be sixty-five (65). In exceptional circumstances, the Chief Administrative Officer may, in the interest of the City, recommend to the Council for approval, extension of the retirement age provided that not more than one (1) year extension shall be granted at any one time, and that in no case shall any extension be granted beyond the employee's seventieth (70th) birthday.
21.02 All employees shall participate in the OMERS Pension Plan in accordance with the rules of that plan. All costs of the OMERS Pension Plan premiums are to be shared equally on a 50/50 basis.
Termination and Retirement. An employee who dies while in active service and who has accrued, but unused, longevity “days” shall have paid to his/her estate for each unused longevity “day’ his/her prevailing hourly rate (defined in Article VI; Definition of Pay Rates), multiplied by 12 hours and the longevity payment addressed in Article VII of this Agreement. In the year immediately preceding retirement or termination of employment (for any reason), an employee may elect to defer longevity “days” otherwise due to him/her and receive in his/her final paycheck for each unused longevity “day” his/her prevailing current hourly rate, multiplied by 12, in addition to longevity pay due pursuant to Article VII of this Agreement. Employees of the Bargaining Unit who retire before twenty (20) years of service shall receive and be paid an additional twenty-one (21) day of vacation at three (3) weeks of normal pay. Said employees who have completed twenty (20) years employment with the Department shall be entitled to an additional twenty-eight (28) consecutive days of vacation at normal pay upon notifying the Employer thirty (30) days prior to his/her retirement date and during said time the vacation shall be granted. If a member of the Bargaining Unit dies upon completion of their twentieth (20th) year of employment or later, the deceased Firefighter's estate shall be entitled to the additional four (4) weeks of normal pay, notwithstanding the fact that the required notice was not given or actual vacation taken. In the event of termination or retirement, the employee shall be credited with and paid for all unused vacation prorated for each full month worked during the vacation year in which he/she is terminated.
Termination and Retirement. 15.1 This Agreement may be terminated by either party with six (6) months’ written notice. Notice must be given to expire at the end of a month.
15.2 The employment shall terminate without further notice at the end of the month in which the CEO attains the retirement age set out (from time to time) in the Danish Act on Discrimination on the Labour Market (in Danish: forskelsbehandlingsloven), presently seventy (70) years.
Termination and Retirement. 9 - 9.1. Term of Agreement..............................................................................- 9 - 9.2. Extended Term..................................................................................- 9 - 9.3. SCN Events of Default..........................................................................- 9 - 9.4. DDD Events of Default..........................................................................- 9 - 9.5. DDD's Remedies................................................................................- 10 - 9.6. SCN's Remedies................................................................................- 10 -
