Use by Retirement Date Sample Clauses

Use by Retirement Date. Upon retirement, an employee will lose any holiday credits in excess of eighty (80) hours. An employee who is retiring with holiday credits in excess of eighty (80) hours will be allowed to use up to eighty (80) hours of holiday credits prior to the employee’s retirement date, or the employee’s retirement date will be extended by up to eighty (80) hours, at the Employer’s discretion. The employee is responsible for working with his/her supervisor to ensure that excess holiday credit hours are used prior to the employee’s retirement date. The Association will not support any request(s) for exceptions to this Section.
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Use by Retirement Date. 23 Upon retirement, an employee will lose any holiday credits in excess of 24 eighty (80) hours. An employee who is retiring with holiday credits in 25 excess of eighty (80) hours will be allowed to use up to eighty (80) hours of 26 holiday credits prior to the employee’s retirement date, or the employee’s 27 retirement date will be extended by up to eighty (80) hours, at the 28 Employer’s discretion. The employee is responsible for working with 29 his/her supervisor to ensure that excess holiday credit hours are used prior TENTATIVE AGREEMENT ONLY. This tentative agreement will only become final if it is first determined to be financially feasible by OFM and subsequently funded by the Legislature in the 2025-2027 budget. 1 to the employee’s retirement date. The Association will not support any
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Related to Use by Retirement Date

  • Normal Retirement Date The term “Normal Retirement Date” means “Normal Retirement Date” as defined in the primary qualified defined benefit pension plan applicable to the Executive, or any successor plan, as in effect on the date of the Change in Control of the Company.

  • Early Retirement Date Early Retirement Date shall mean a retirement from employment which is effective prior to the Normal Retirement Age stated herein, provided the Executive has attained age sixty (60) with thirty (30) years of service with the bank.

  • Retirement Date If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the Executive’s sixty-fifth (65th) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extended.

  • 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.

  • Transition to Retirement 24.1 An Employee may advise their Employer in writing of their intention to retire within the next five years and participate in a retirement transition arrangement. 24.2 Transition to retirement arrangements may be proposed and, where agreed, implemented as: (a) a flexible working arrangement (see clause 16 (Flexible Working Arrangements)); (b) in writing between the parties; or (c) any combination of the above. 24.3 A transition to retirement arrangement may include but is not limited to: (a) a reduction in their EFT; (b) a job share arrangement; or (c) working in a position at a lower classification or rate of pay. 24.4 The Employer will consider, and not unreasonably refuse, a request by an Employee who wishes to transition to retirement: (a) to use accrued Long Service Leave (LSL) or Annual Leave for the purpose of reducing the number of days worked per week while retaining their previous employment status; or (b) to be appointed to a role which that has a lower hourly rate of pay or hours (post transition role), in which case: (i) the Employer will preserve the accrual of LSL at the time of reduction in salary or hours; and (ii) where LSL is taken or paid out in lieu on termination, the Employee will be paid LSL hours at the applicable classification and grade, and at the preserved hours, prior to the post transition role until the preserved LSL hours are exhausted.