TRS Earnings Limitation Sample Clauses

TRS Earnings Limitation. When a teacher is ten (10) or less years from eligibility for a TRS annuity, and regardless of the teacher’s actual age, the teacher’s nonexempt creditable TRS earnings from employment in the District, irrespective of form and no matter how arising, and whether or not arising under this collective bargaining Agreement, shall not exceed the amount specified hereinafter: No teacher’s nonexempt creditable TRS earnings shall increase from one school year to the next by more than six percent (6%) or otherwise increase so as to create liability on the part of the District for any portion of a teacher’s retirement annuity, or result in any District paid penalty or fee to TRS. If legislation is enacted and/or administrative rules are adopted during the life of this agreement that result in a greater cost to the District than the costs generated by this agreement, the provisions relating to such benefits shall be null and void.
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TRS Earnings Limitation. When a teacher is ten (10) or less years from eligibility for a TRS annuity, and regardless of the teacher’ s actual age, the teacher’ s nonexempt creditable TRS earnings from employment in the District, irrespective of form and no matter how arising, and w hether or not arising under this collective bargaining agreement, shall not exceed the amount specified hereinafter: No teacher’ s nonexempt creditable TRS earnings shall increase from one school year to the next by the lesser of five percent (5%) or the maximum retirement incentive permitted by law w ithout the Board incurring a penalty or otherw ise increase so as to create liability on the part of the District for any portion of a teacher’ s retirement annuity, or result in any District paid penalty or fee to TRS.
Sample 1
TRS Earnings Limitation. When a teacher is ten (10) or less years from eligibility for a TRS annuity, and regardless of the teacher’s actual age, the teacher’s nonexempt creditable TRS earnings from employment in the District, irrespective of form and no matter how arising, and whether or not arising under this Agreement, shall not exceed the amount specified hereinafter: No teacher’s nonexempt creditable TRS earnings shall increase from one school year to the next by more than six percent (6%) or otherwise increase so as to create liability on the part of the District for any portion of a teacher’s retirement annuity, or result in any District paid penalty or fee to TRS. If legislation is enacted and/or administrative rules are adopted during the life of this Agreement that result in a greater cost to the District than the costs generated by this Agreement, the provisions relating to such benefits shall be null and void. Upon occurrence of a life-changing event; e.g. death of spouse, divorce, grave illness of a child, etc., the prospective retiree may petition the Board to be released from his or her retirement resignation.
Sample 1

Related to TRS Earnings Limitation

  • Review Process Limitations The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger Event has occurred or whether the required percentage of Noteholders has voted to direct an Asset Representations Review under the Indenture, (ii) to determine which Receivables are subject to an Asset Representations Review, (iii) to obtain or confirm the validity of the Review Materials, (iv) to obtain missing or insufficient Review Materials except as specifically described herein, (v) to take any action or cause any other party to take any action under any of the Transaction Documents to enforce any remedies for breaches of representations or warranties about the Eligible Representations, (vi) to determine the reason for the delinquency of any Review Receivable, the creditworthiness of any Obligor, the overall quality of any Review Receivable or the compliance by the Servicer with its covenants with respect to the servicing of such Review Receivable, or (vii) to establish cause, materiality or recourse for any failed Test as described in Section 3.03.

  • Indemnity Limitation for TIPS Sales Texas and other jurisdictions restrict the ability of governmental entities to indemnify others. Vendor agrees that if any "Indemnity" provision which requires the TIPS Member to indemnify Vendor is included in any TIPS sales agreement/contract between Vendor and a TIPS Member, that clause must either be stricken or qualified by including that such indemnity is only permitted, "to the extent permitted by the laws and constitution of [TIPS Member's State]” unless the TIPS Member expressly agrees otherwise. Any TIPS Sale Supplemental Agreement containing an "Indemnity" clause that conflicts with these terms is rendered void and unenforceable.

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