Withdrawal, Redundancy and Death. (a) A participating teacher may not withdraw from the plan on or after March 15th of the year in which the leave is to commence.
Withdrawal, Redundancy and Death. (a) A participating employee may not withdraw from the plan within six (6) months of the date that the leave is to commence. A participating employee may withdraw from the plan any time prior to six (6) months before the date the leave is to commence by delivering written notice of withdrawal to the Administrator on the Administrating Committee.
Withdrawal, Redundancy and Death. (a) A participating teacher may not withdraw from the plan on or after March 15th of the year in which the leave is to commence.
(b) A participating teacher may withdraw from the plan at any time prior to March 15th of the year in which the leave is to commence by delivering written notice of withdrawal to the Superintendent on the administering committee.
(c) A participating teacher who becomes redundant prior to the commencement of leave under this plan shall be deemed to have withdrawn from the plan.
(d) A participating teacher who withdraws from the plan under the circumstances of (b) or (c) shall receive the sum accumulated in the trust including any interest accrued thereon within ninety (90) days of withdrawal.
(e) The estate of a participating teacher who dies before the commencement of leave under this plan shall receive the sum accumulated in the trust including any interest accrued thereon within ninety (90) days of receipt of a copy of the death certificate by the Superintendent on the administering committee.
(f) A participating teacher who becomes redundant after the commencement of leave under this plan shall receive any amount remaining in the trust including accrued interest. The participating teacher remains obligated to repay any amounts received in excess of the sum accumulated in the trust including any interest thereon.
(g) The estate of a participating teacher who dies after commencement of leave under this plan shall receive any amount remaining in the trust including interest accrued thereon within ninety (90) days of receipt of a copy of the death certificate by the Superintendent on the administering committee.
Withdrawal, Redundancy and Death. A participating Teacher may not withdraw from the Plan on or after March of the year in which leave is to A participating Teacher may withdraw the Plan at any time prior to March of the yeas in which the leave is to commence by delivering written notice of withdrawal to the Human Resources Manager. A participating Teacher who becomes redundant prior to the commencement of leave under this Plan shall be deemed to have withdrawn the Plan. A participating Teacher who withdraws from the Plan under the circumstances of or above shall receive the sum accumulated in the account including interest within ninety (90) days of withdrawal. The estate of a participating Teacher who dies before the commencement of leave under this plan shall receive the sum accumulated in the account including interest accrued thereon within ninety (90) days of receipt of a copy of the death certificate by the Superintendent of Business. This shall also hold true should a Teacher die after the commencement of the leave.
