Common use of Early Notification Incentive Clause in Contracts

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