Phased Retirement Period definition

Phased Retirement Period means the period of phased retirement for the Member, which may be 1 year, 2 years, 3 years, 4 years or 5 years immediately prior to the Member’s pension commencement date.
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Phased Retirement Period means the period in respect of which a phased retirement benefit is to be paid;
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Phased Retirement Period means the period during which phased retirement benefits are to be paid to a person who is eligible to receive them;
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Examples of Phased Retirement Period in a sentence

  • For example, a Continuing Adjunct with a 50% FTE, would normally work 150% FTE over three years; under the VPRP, they would have a workload of between 75% to 100% FTE over the three years of the Phased Retirement Period.

  • The Unit Head’s signature on this form indicates approval of any Academic Leave to be taken during the Phased Retirement Period.

  • Life insurance and long-term disability coverage will be based on actual (reduced) salary during the Phased Retirement Period.

  • The College will make normal contributions to its Retirement Plan on behalf of Faculty Member based on the reduced salary the Faculty Member receives during the Phased Retirement Period.

  • Faculty Member agrees to fully retire from the College on or before the end of the Phased Retirement Period.

  • During the Phased Retirement Period, Faculty Member will continue to be eligible to receive fringe benefits coverage to which he/she is entitled as a full-time active employee.

  • A leave for health reasons shall not interrupt a Phased Retirement Period of Employment.

  • My salary throughout the Phased Retirement Period shall be in accordance with the Phased Retirement Policy.

  • I further agree to promptly return any and all property of SHU which I may possess including, but not limited to, keys, credit cards and electronic equipment, within seven (7) days of the conclusion of the Phased Retirement Period, and not maintain any copies or portions thereof as applicable.


More Definitions of Phased Retirement Period

Phased Retirement Period means the period beginning on the date an individual becomes entitled to receive a phased retirement annuity and ending on the date of death or on the date the individual separates from phased employment;
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Related to Phased Retirement Period

  • Postponed Retirement Date means the first day of the month coincident with or next following a Participant’s date of actual retirement which occurs after his Normal Retirement Date.

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Post-Employment Period means the eighteen month period beginning on the date of termination of the Executive's employment with the Employer. If any covenant in this Section 8.2 is held to be unreasonable, arbitrary or against public policy, such covenant shall be considered to be divisible with respect to scope, time, and geographic area, and such lesser scope, time, or geographic area, or all of them as a court of competent jurisdiction may determine to be reasonable, not arbitrary, and not against public policy, shall be effective, binding, and enforceable against the Executive. The period of time applicable to any covenant in this Section 8.2 will be extended by the duration of any violation by the Executive of such covenant. The Executive shall, while the covenant under this Section 8.2 is in effect, give notice to the Employer, within ten days after accepting any other employment, of the identify of the Executive's employer. The Employer may notify such employer that the Executive is bound by this Agreement and, at the Employer's election, furnish such employer with a copy of this Agreement or relevant portions thereof.

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • Earliest Retirement Age means the earliest date on which, under the Plan, the Participant could elect to receive retirement benefits.

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Late Retirement Date means the first day of the month coinciding with or next following a Participant's actual Retirement Date after having reached his Normal Retirement Date.

  • Retirement Date means the date as of which a Participant retires for reasons other than Total and Permanent Disability, whether such retirement occurs on a Participant's Normal Retirement Date or Late Retirement Date (see Section 6.1).

  • Approved Retirement means any voluntary termination of employment that occurs on or after the date on which the sum of your age and years of employment with Deluxe and/or its Affiliates equals at least seventy-five (75) and that is approved by the Compensation Committee of the Board.

  • Date of Termination means the date of receipt of the Notice of Termination or any later date specified therein, as the case may be; provided, however, that (i) if the Executive's employment is terminated by the Company other than for Cause or Disability, the Date of Termination shall be the date on which the Company notifies the Executive of such termination and (ii) if the Executive's employment is terminated by reason of death or Disability, the Date of Termination shall be the date of death of the Executive or the Disability Effective Date, as the case may be.

  • Severance Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the second anniversary of the occurrence of the Change in Control and (ii) the Executive’s death.

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death.

  • Benefit Period means the period of time from the date of the Accident causing the Injury for which benefits are payable, as shown in the Schedule of Benefits, and the date after which no further benefits will be paid.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Severance Date means the date on which an Executive incurs a Severance, which shall be the date of termination as determined under Section 5.2.

  • Accrual Termination Date Not applicable.

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Severance from Service Date means the earlier of:

  • Retention Period means the time period that the Customer Data is stored within the cloud storage, as specified in the product addenda.

  • Agreement Termination Date is defined in Section 7.4.

  • Stated Termination Date means, with respect to the Revolving Credit Facility, March 4, 2027 and, with respect to any Extended Revolving Credit Facility, the maturity date set forth in the Extension Agreement related thereto.

  • Normal Retirement Age means the Executive's 65th birthday.

  • Qualifying Termination of Employment means a Participant’s Termination of Employment (i) by the Company without Cause or (ii) by the Participant with or without Good Reason or by reason of Retirement.