Early Notification Incentive. 1. An employee may make notice of his resignation or retirement from USD 434 by 14 days after the 3rd Friday in May in compliance with the continuing contract law. If an employee wishes to make notice of his resignation or retirement before the following date, the employee shall be compensated as follows: $1,000 if the employee notifies the Board by October 1st
Early Notification Incentive. Employees who meet eligibility requirements of 16.2 of this Article and who complete, sign and submit a Resignation Notice form to the Director of Human Resources three (3) months prior to retirement will receive a District contribution of $2,500 to the Severance Plan.
Early Notification Incentive. Effective December 1, 2008, employees who meet the eligibility requirements of this section and who complete, sign and submit a Resignation Notice form to the Director of Human Resources stating that they will retire by the date listed below, and who maintain active teaching status until the end of the school year, or resignation date if later, will receive the following early notification incentive to the severance plan: Resignation Form Received by Retirement Date Early Notification Incentive December 1 End of school year or following December $3,500 February 1 End of school year or February to following February $2,500 After February 1 No bonus
Early Notification Incentive. Any teacher eligible to retire and has at least ten (10) years of service with the District shall receive an incentive of One Thousand Dollars ($1,000.00) for providing the District with early notification of retirement. Teachers eligible for retirement on or before June 30 must retire between May 31 and August 1 of that year and must notify the Board in writing of their resignation for retirement purposes by December 1 to qualify for the incentive.
Early Notification Incentive. Any employee eligible to retire and has at least ten (10) years of service with the District shall receive an incentive of One Thousand Dollars ($1,000) for providing the District with early notification of retirement. In order to receive the early notification incentive, the employee must provide written notification to the Board Treasurer at least ninety (90) days prior to separation. The Board will pay out the incentive to qualifying employees in one lump sum at the same time as any severance payment.
Early Notification Incentive. Employees who meet eligibility requirements of Subd. 2 of this Section and who complete, sign and submit a Resignation Notice form to the Director of Human Resources three months prior to retirement will receive a District contribution of $2,500 to the Severance Plan.
Early Notification Incentive. Employees who meet eligibility requirements of Subd. 1 of this Section and who complete, sign and submit a Resignation Notice form to the Director of Human Resources three months in advance of the date of retirement will receive a District contribution of $2,500 to the Severance Plan. Employees who meet eligibility requirements of Subd. 1 of this Section and who complete, sign and submit a Resignation Notice form to the Director of Human Resources six (6) months in advance of the date of retirement will receive a District contribution of $3,500 to the Severance Plan. Exigent Circumstances. Eligible employees are encouraged to notify the Director of Human Resources as soon as possible that they plan to retire. If an employee submits documentation verifying that exigent circumstances exist that made early notification of retirement plans impossible, such as a sudden illness/injury of the employee or immediate family member necessitating immediate retirement, and if the employee meets the eligibility requirements set forth above, the District will review and consider this information and may waive any reduction of severance as provided in 2.1 above
Early Notification Incentive. For the 2016-2017 school year, the Board shall pay an early notification incentive to teachers who send written notification to the Superintendent or Designee of their intention to retire or resign at the end of the 2016-2017 school year. For the 2016-17 school year only, teachers notifying the school district by December 1, 2016 of the intention to retire or resign at the end of the 2016-17 school year will receive a $500.00 stipend payable on the December 20, 2016 payroll. Teachers notifying the school district by February 1, 2017 of the intention to retire or resign at the end of the 2016-17 school year will receive a $300.00 stipend payable the end of the teacher’s current contract. (2016-17)
Early Notification Incentive. Professional Employees who are approved for retirement by the Board of Education prior to October 20th will receive a one-time payment of $500. Professional Employees who are approved for retirement by the Board of Education prior to January 20th will receive a one-time payment of $250. The payment will be made with the first appropriate payroll following the acceptance of the retirement by the Board of Education.
Early Notification Incentive. If a Professional Employee knows he/she will not return in the fall, it would be helpful if he/she would notify the President’s Office as soon as possible, in order to allow time to secure a suitable replacement. If resignation is received by February 1st, an early notice incentive compensation of Two Hundred Fifty Dollars ($250) will be paid at the end of the contract period. Article X
