Xxxxxxx and Eligibility Sample Clauses

Xxxxxxx and Eligibility. Professors hired before January 1, 1996, who are eligible to retire with five (5) years or more of service credit with CalPERS or CalSTRS and their spouses or registered domestic partners of record shall continue to receive fully paid major medical health benefits during their lifetime, as provided by the District, except as noted in 8.E.7. below. Professors hired after December 31, 1995, who have served the District for at least ten (10) years are eligible to receive fully paid major medical health benefits during their lifetime, but their spouse or registered domestic partner is not eligible for benefits.
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Xxxxxxx and Eligibility. Unit members hired before January 1, 1996, who are eligible to retire with five (5) years or more of service credit with CalPERS or CalSTRS and their spouses or registered domestic partners of record shall continue to receive major medical health benefits during their lifetime, as provided by the District, except as noted in 8.E.7. below. Unit members hired after December 31, 1995, who have served the District for at least ten (10) years are eligible for benefits, but their spouse or registered domestic partner is not eligible for benefits.
Xxxxxxx and Eligibility. 1. An employee who has accumulated a minimum of twelve hundred sixty (1,260) qualifying hours or more of accrued and unused sick leave at the time of retirement, or the forty (40) hour equivalent, shall be eligible for payment of an amount of compensation equal to thirty-five percent (35%) of his base hourly rate for all hours in excess of six hundred thirty (630) hours, or the forty (40) hour equivalent. 2. An employee who has accumulated a minimum of eighteen hundred (1,800) qualifying hours or more of accrued and unused sick leave at the time of retirement, or forty (40) hour equivalent, shall be eligible for payment of an amount of compensation equal to sixty percent (60%) of his base hourly rate for all hours in excess of five hundred forty (540) hours, or forty (40) hour equivalent. 3. An employee who has accumulated a minimum of twenty-four hundred (2,400) hours, or the forty (40) hour equivalent, or more of accrued and unused sick leave at the time of retirement shall be eligible for payment of an amount of compensation equal to sixty percent (60%) of his/her base hourly wage for all hours. 4. Effective July 8, 2002 an employee who has accrued twenty-four hundred (2,400) hours, or the forty (40) hour equivalent, or more of accrued and unused sick leave and who has attained a minimum of seventeen (17) years of credited service in PSPRS and 10 years of City of Phoenix service, may elect to have the additional sick leave that he/she earns paid as salary on a monthly basis for the upcoming three (3) consecutive years. The employee may receive a one-time extension for up to three (3) years if approved by the Fire Chief, the Union President and the Labor Relations Administrator. The employee may stop and re-start this benefit one time without further qualification up to a maximum of a total of six (6) years. The intent of Section 3-4, Paragraph B4, of Article 3 is to allow an employee to stop the benefit at any time. If the employee elects to re-start the benefit, the employee may only receive up to three (3) additional consecutive years. The six (6) years maximum benefit only applies if the employee uses the first three (3) consecutive years and then requests an additional three (3) consecutive years.
Xxxxxxx and Eligibility. 1. When employees first become employed by the City of Fitchburg, they are eligible for vacation after six (6) months of employment (or at the end of their probationary period, whichever is longer) on their anniversary date based on the month in which they were hired, as listed below. This includes the assumption that the employee will work through the end of the calendar year. 2. Employees become eligible for the next vacation increment level on the anniversary date of the current year if the hire date falls between January and June of that year. If the hire date falls between July and December, the employee will eligible for the additional week on the January 1 of the following year in which his/her anniversary occurs. January 2 weeks in July February 2 weeks in August March 2 weeks in September April 1 week in October May 1 week in November June 1 week in December July None – 2 weeks in January of following year August None – 2 weeks in February of following year September None – 2 weeks in March of following year October None - 2 weeks in April of following year November None - 2 weeks in May of following year December None - 2 weeks in June of following year 3. The maximum vacation for full time employees is as follows:

Related to Xxxxxxx and Eligibility

  • What Will Happen After We Receive Your Letter When we receive your letter, we must do two things:

  • Xxxxxx, Esq Anyone to whom a notice may be given under this Agreement may designate a new address by notice to that effect given to the other party in accordance with this subsection (b). Each such notice shall be deemed given upon the receipt thereof when delivered in person and on the second business day after the mailing when sent by mail as aforesaid. (c) You understand that, upon exercise of this Option, you may recognize income for tax purposes in an amount equal to the excess of the then fair market value of the Shares purchased over the Option Price for such Shares. Your employer may withhold tax from your current compensation with respect to such income or any other income which it deems you to have received in connection therewith; to the extent that your then current compensation is insufficient to satisfy the withholding tax liability, you will be required to make a cash payment to cover such liability as a condition of exercise of this Option. (d) If this Option shall be mutilated, lost, stolen or destroyed, the Company shall issue in exchange and substitution for and upon cancellation of the mutilated Option, or in lieu of and in substitution for the Option lost, stolen or destroyed, a new Option of like tenor and denomination, but only upon receipt of evidence satisfactory to the Company of such loss, theft or destruction of such Option and such indemnity and, if requested by the Company, such bond, as shall in each case be satisfactory to the Company. You must also comply with such other reasonable requirements and pay such other reasonable charges as the Company may prescribe in connection with such issuance. (e) This Option shall be governed and construed in accordance with the substantive laws of the State of New York applicable to contracts executed, delivered and to be fully performed in the State of New York, without giving effect to contrary provisions regarding conflict of laws. (f) This Agreement shall inure to the benefit of and shall be binding upon your heirs, executors, administrators and legal representatives, and shall inure to the benefit of and be binding upon the Company and its successors and assigns. You may not assign, transfer, pledge, encumber, hypothecate or otherwise dispose of this Agreement, or any of your rights hereunder except if and to the extent expressly permitted by Section 8 of this Agreement, and any such attempted prohibited delegation or disposition shall be null and void and without effect. (g) This Agreement constitutes the complete understanding between the parties with respect to the subject matter hereof, and no statement, representation, warranty or covenant has been made by either party with respect thereto except as expressly set forth herein. This Agreement shall not be altered, modified, amended or terminated except by written instrument signed by each of the parties hereto. (h) This Agreement may be executed in any number of counterparts, each of which shall be deemed an original but all of which shall constitute one and the same instrument. (i) The section headings contained herein are for the purposes of convenience only, are not intended to define or limit the contents of said sections and are not part of this Agreement. (j) By signing below, you hereby accept this Option subject to all of the terms and provisions hereof and acknowledge all of the representations, warranties and agreements set forth above. This Option shall not be effective until you have signed this Option and delivered it to the Company.

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