Retirement and Resignation. Tenured teachers may resign at any time by obtaining concurrence of the Board or by written notice sent to the Secretary of the Board at least thirty (30) days before the intended date of resignation. The letter shall include a statement of the teacher’s reason for terminating employment. No tenured teacher may resign during the school year in order to accept another teaching position without agreement of the Board. Probationary teachers under contract may terminate their service during the period of the contract only with agreement of the Board. Early Retirement Incentive shall be available to any teacher (i) who has completed 12 or more years of certified teaching service in this District; (ii) whose retirement will not require the District to pay any ERO or other retirement penalty; (iii) who within the current or next year of teaching service is or will become eligible to receive a retirement annuity without discount from the Teachers Retirement System of the State of Illinois (TRS); and (iv) who retires no later than the end of the third year after which he or she first gains eligibility under the terms of this Early Retirement Incentive. To select such Early Retirement Incentive, the teacher must submit to the Board an irrevocable written notice of intent to retire and resignation no later than August 1st, of the second calendar year prior to the designated final year of teaching and provide written proof from the TRS that said retirement will not result in any penalty. During the final teaching year, teachers receiving the Early Retirement Incentive will be paid according to the salary schedule for the current school year. The balance of the Local Early Retirement Incentive will be paid in the last pay period in June, following the school term of the year of retirement. Providing timely notice is given as required in the preceding paragraph, the District will increase the teacher’s salary in each of the final years (one, two, or three years), of service by an aggregate amount of 6% for each said year. Increases shall only be paid for those years remaining on the teachers’ window of eligibility, as specified in the preceding paragraph. A teacher may be eligible and elect either a three, two, or one year Early Retirement Incentive based on the timing of notice and their window of eligibility. The 6% increase shall be in lieu of all other salary increases. If the said total salary for the next-to-last year, prior to receiving this incentive, includes c...
Retirement and Resignation. In addition to the benefits provided in Section 1, Food Service Personnel who have been employed with the School District since on or before July 1, 1994 and who resigns from the School District shall be eligible for resignation pay according to the following provisions:
Retirement and Resignation. Section a. Retirement information can be obtained upon request from the Human Resource Services Center (HRSC). Contact information can be provided from the local servicing human resource office or employer’s intranet. Approximate computations of annuities shall be provided by the HRSC upon request, normally no more frequently than every six (6) months, and only when the employee is nearing retirement eligibility. All requests for retirement information shall be kept confidential if the employee so requests.
Retirement and Resignation. Effective as of March 30, 2007 (the “Separation Date”), Executive hereby retires from the Company and, as a consequence, voluntarily resigns his employment with the Company and all of its affiliates, including without limitation Executive’s position as Executive Vice President of Administration and as a member of the Company’s Board of Directors (the “Board”) and the board of directors of all the Company’s subsidiaries and affiliates.
Retirement and Resignation. Effective as of June 18, 2007 (the “Separation Date”), Executive hereby retires from the Company and, as a consequence, voluntarily resigns his employment and all positions with the Company and all of its affiliates, including without limitation Executive’s position as Senior Vice President, Biomet, Inc., President EBI, L.P., Biomet Spine and Biomet Trauma; provided that Executive shall retain his position as a member of the Company’s Board of Directors (the “Board”).
Retirement and Resignation. Members can elect to retire on January 1 or July 1 (LU incorporated into FCA - various clauses) • The Xxxxxxx may waive or modify the 12-month notice period, on recommendation by the Xxxx and on mutual agreement of the Member and the Xxxx (4.1)
Retirement and Resignation. Section 32.1 A retiring or resigning employee of the Police Department shall notify the Chief of Police, in writing, of the employee’s intention to resign or retire. Notification shall be given at least one month prior to the employee’s last scheduled day of employment. Employees failing to give one month notice will be entitled to all benefits due upon retirement. Notification shall be given in writing and shall include, as a minimum:
Retirement and Resignation. 27.1 A Member may retire or resign, normally effective June 30 or December 31, with at least four (4) months’ written notice to the Xxxx and the Liaison Officer. However, it is understood that the possible resignation or retirement dates of a Member and the provisions for early retirement under the University pension plan are governed by the terms of the plan to which the University belongs. All leaves to which the retiring Member would be entitled must be terminated at the Member’s retirement date.
Retirement and Resignation. Section 1. Two weeks notice shall be required of an employee if the employee wishes to resign in good standing.
Retirement and Resignation. Effective on the date hereof, the Executive’s employment shall terminate, and the Executive shall cease to be an officer and employee of the Company and its subsidiaries and affiliates. In addition, the Executive hereby resigns from his positions as a director of the Company and its subsidiaries and affiliates.
