Early Payout. Upon application, certificated employees retiring from the teaching profession shall receive the balance of their salary payments on the June payday during the year in which they leave the District. The District shall deduct from said payment the Association dues that are owed by the employee and forward them to the Association in the prescribed manner. The District shall also continue to deduct insurance and pension contributions due for the months of June, July, and August and shall make its normal contributions for those months in the normal manner. The District may elect to pay off any other employee at the time he/she leaves the District or on the June payday during the year in which he/she leaves. The District shall deduct the Association dues, if any, and any legally required deductions. Dues shall be remitted to the Association.
Early Payout. If the Executive's Termination of Employment occurs prior to Normal retirement Age, he may in a written request to the Company elect to have annual benefit payments commence within 30 days following his Termination of Employment rather than at age 65, provided the election is made 13 months prior to Termination of Employment. If such election occurs the annual benefit amount shall be further reduced per month for each month between Termination of Employment and age 65. Said reduction shall be determined by using the 5-year Treasury Constant Maturity Rate (not to exceed 6% annually) as of the last day of the month prior to Termination of Employment, divided by 12.
Early Payout. In the event the District pays off employees such as retirees who leave the District, the District shall deduct the Association dues that are owed by the employee and forward them to the Association in the prescribed manner.
Early Payout. Upon application, certificated employees retiring from the teaching profession 44 shall receive the balance of their salary payments on the June payday during the year in 45 which they leave. The District may elect to pay off any other certificated employee(s) at the 46 time he/she leaves the District. All deductions due for the remainder of the year for which 47 this salary is paid shall be made at this time and appropriately transmitted by the District, 48 along with fringe benefits due for this time period. At the request of the employee, the 49 District shall continue to deduct insurance contributions due for the months of June, July and 50 August, and shall make its normal contribution for those months in the normal manner.
Early Payout. 13.1 Provided that you are not in default of your obligations under this Agreement you may repay the Purchase Price advanced pursuant to a Supplementary Agreement upon providing 7 days notice to us. At the time of repayment you must also pay all accrued Finance Costs and any other costs and fees payable by you under the Supplementary Agreement (“Repayment Amount”).
