THREE YEAR NOTICE Sample Clauses

THREE YEAR NOTICE. If the teacher provides three years' notice, the teacher's salary be adjusted so that the teacher shall receive in the following school year and each of the other two remaining years of employment an increase in total TRS creditable earnings up to the total sum shown in the column "Retirement Bonus" from table in paragraph 1a of this agreement, or 6% increase in the teacher's total TRS creditable earnings for each of the three years, compared to the prior year, whichever is less. In addition, the teacher shall receive the additional compensation specified in paragraph 1d if necessary for the teacher to receive a total sum equal to the retirement bonus.
Sample 1Sample 2
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THREE YEAR NOTICE. Teachers who give a three-year notice of intent to 43 Retire by May 15, 2023 will receive a six percent (6%) increase in 44 creditable earnings in the first year and a six percent (6%) increase in 45 creditable earnings the second year and a six percent (6%) increase in 1 Teachers who give a three-year notice of intent to retire during 2 subsequent years commencing in 2024 will receive a five percent 3 (5%) increase in creditable earnings in the first year and a five percent 4 (5%) increase in creditable earnings the second year and a four 5 percent (4%) increase in creditable earnings in the third year. 7 Should a teacher electing this retirement option no longer 8 coach, sponsor, or serve on previously held paid positions after giving 9 notice of their intentions to accept this retirement option, then the 10 appropriate percentage amount in salary will be adjusted accordingly and 11 recalculated to reflect the teacher’s new creditable earnings status.
Sample 1
THREE YEAR NOTICE. The teacher's salary shall be adjusted so that the teacher shall receive in the current school year and each of the other two (2) remaining years of employment an increase of the maximum increase that is allowed by law and TRS regulations (currently six percent (6%) over the total TRS creditable earnings the teacher received in the prior school year.
Sample 1
THREE YEAR NOTICE. If an eligible employee gives the Board an irrevocable letter of retirement prior to May 1 three (3) years prior to the year of retirement, the employee will be removed from the salary schedule and for the final three (3) years of employment the employee’s TRS creditable earnings shall receive a salary increase equivalent to the contract percentage raise over the employee’s TRS creditable earnings for the prior year of employment. In order to be eligible for this retirement incentive, employees must be employed by the District for twenty-five (25) consecutive years that precede the retirement date.
Sample 1

Related to THREE YEAR NOTICE

  • Election Period The period which begins on the first day of the Plan Year in which the Participant attains age thirty-five (35) and ends on the date of the Participant’s death. If a Participant separates from Service prior to the first day of the Plan Year in which age thirty-five (35) is attained, the Election Period shall begin on the date of separation, with respect to the account balance as of the date of separation.

  • CAFA Notice Pursuant to 28 U.S.C. § 1715, not later than ten (10) days after the Agreement is filed with the Court, the Settlement Administrator shall cause to be served upon the Attorneys General of each U.S. State in which Settlement Class members reside, the Attorney General of the United States, and other required government officials, notice of the proposed settlement as required by law, subject to Paragraph 5.1 below.

  • Written Election At the time you make a rollover or conversion to a Xxxx XXX, you must designate in writing to the custodian your election to treat that contribution as a rollover or conversion. Once made, the election is irrevocable.

  • Period of Notice Subject to- (a) the right of an employer or an employee to terminate a contract of employment without notice for any cause recognised by law as sufficient; (b) the provisions of any written agreement between the employer and his employees which provides for a period of notice of equal duration on both sides and for longer than one week or one month, as the case may be; (c) the provisions of subclause (8); an employer and his employee shall, in the case of a weekly paid employee, give not less than one week's notice and in the case of a monthly-paid employee, not less than one month's notice, of his intention to terminate a contract of employment.

  • Borrowing/Election Notice The Borrower shall give the Administrative Agent an irrevocable Borrowing/Election Notice of each conversion of a Floating Rate Loan into a Eurodollar Rate Loan or continuation of a Eurodollar Rate Loan not later than 11:00 a.m. (Chicago time) three (3) Business Days prior to the date of the requested conversion or continuation, specifying: (i) the requested date (which shall be a Business Day) of such conversion or continuation; (ii) the amount and Type of the Loan to be converted or continued; and (iii) the amount of Eurodollar Rate Loan(s) into which such Loan is to be converted or continued, and the duration of the Interest Period applicable thereto.

  • Election to Purchase (To Be Executed Upon Exercise of Warrant)

  • Notice to Employee If an employment agreement entered into after August 1, 1977 contains a provision requiring the employee to assign or offer to assign any of the employee’s rights in any invention to an employer, the employer must also, at the time the agreement is made, provide a written notification to the employee that the agreement does not apply to an invention for which no equipment, supplies, facility or trade secret information of the employer was used and which was developed entirely on the employee’s own time, and (1) which does not relate (a) directly to the business of the employer or (b) to the employer’s actual or demonstrably anticipated research or development, or (2) which does not result from any work performed by the employee for the employer.

  • Notice Periods The notice period (expressed in Working Days) to be given by the Customer in respect of Clause 38.1 shall be the number of whole days that is 20% of the total duration of the final SOW to be executed under this Contract, up to a maximum of 30 Working Days. Partial days shall be discounted in the calculation and the duration of the SOW shall be calculated in Working Days. For example, if the duration of the SOW is 10 Working Days: 20% of the SOW is 2 days. The Notice Period = 2 Working Days; or if the duration of the SOW is 62 Working Days, 20% of the SOW is 12.

  • Notice Period Where this Agreement specifies a minimum period of notice to be given to the Facility Agent, the Facility Agent may, at its discretion, accept a shorter notice period.

  • Initial Election The Director shall make an initial deferral election under this Agreement by filing with the Company a signed Election Form within 30 days after the Effective Date of this Agreement. The Election Form shall set forth the amount of Fees to be deferred and shall be effective to defer only Fees earned after the date the Election Form is received by the Company.

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