Common use of Withdrawal, Redundancy and Death Clause in Contracts

Withdrawal, Redundancy and Death. 1. A participating Teacher may not withdraw from the Plan on or after March 15th of the year in which his/her leave is to commence. 2. 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 Director of Education, or designate. 3. A participating Teaching who becomes redundant prior to the commencement of leave under this Plan shall be deemed to have withdrawn from the Plan. 4. A participating Teacher who withdraws from the Plan under the circumstances of 2. or 3. above shall receive the sum accumulated in the account including interest within ninety (90) days of withdrawal. 5. 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 Chief Financial Officer. This shall also hold true should a Teacher die after the commencement of the leave.

Withdrawal, Redundancy and Death. 1. A participating Teacher may not withdraw from the Plan on or after March 15th 31st of the year in which his/her leave is to commence. 2. A participating Teacher may withdraw from the Plan at any time prior to March 15th 31st of the year in which the leave is to commence by delivering written notice of withdrawal to the Director of Education, or designate. 3. A participating Teaching Teacher who becomes redundant prior to the commencement of leave under this Plan shall be deemed to have withdrawn from the Plan. 4. A participating Teacher who withdraws from the Plan under the circumstances of 2. or 3. above shall receive the sum accumulated in the account including interest within ninety (90) days of withdrawal. 5. 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 Chief Financial Officer. This shall also hold true should a Teacher die after the commencement of the leave.

Withdrawal, Redundancy and Death. 1. A participating Teacher may not withdraw from the Plan on or after March 15th of the year in which his/her leave is to commence. 2. 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 Director of Education, or designateHuman Resources Manager. 3. A participating Teaching who becomes redundant prior to the commencement of leave under this Plan shall be deemed to have withdrawn from the Plan. 4. A participating Teacher who withdraws from the Plan under the circumstances of 2. or 3. above shall receive the sum accumulated in the account including interest within ninety (90) days of withdrawal. 5. 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 Chief Financial OfficerSuperintendent of Business. This shall also hold true should a Teacher die after the commencement of the leave.