Early Retirement Election. Under this Agreement, I am voluntarily electing to end my employment and surrender my appointment rights. I have received the Summary and have reviewed the terms and have made my selection by checking and completing the appropriate section below: Separation/Lump Sum Payment I wish to terminate my employment and appointment rights on / / (no later than December 31, 2012). I understand that my resignation, if accepted, is irrevocable. (Release #1 must be signed and returned with this Agreement and Release #2 must be signed when the employment ends (my “Separation Date”), and the original must be returned to Human Resources within fifteen (15) days after my Separation Date.) I understand that the Vice president of Finance must approve this Agreement and my date of termination, and that the approval process is not complete until it has been signed by the Vice President of Finance. I further understand that the Agreement is not complete until Release #1 is submitted. I will sign the second Release at the conclusion of my employment (last day of work).
Early Retirement Election. Under this Agreement, I am voluntarily electing to end my employment and surrender my tenure or appointment rights (if applicable). I have received the Summary and have reviewed the terms of each option and have made my selection by checking and completing the appropriate section below: Option One: Phased Retirement/Lump Sum (Faculty Only) I wish to commence my phased retirement on / / and to terminate my employment, including my tenure or appointment rights (if applicable), on / / (no later than June 30, 2013). I understand that my resignation, if accepted, is irrevocable. During this period of phased retirement, I understand my appointment will decrease on July 1, 2012 to 50% time and my salary will be reduced to 50% of my current salary. (Release #1 must be signed and returned with this Agreement and Release #2 must be signed at the conclusion of the Phased Retirement period when the employment ends (my “Separation Date”), and the original must be returned to Human Resources within fifteen (15) days after my Separation Date.)
Early Retirement Election. Notwithstanding anything in the Plan to the contrary, a Participant who becomes entitled to a benefit deferred to his Normal Retirement Age under this Article upon a termination of participation may elect to receive an immediate early retirement benefit at any time on and after the date he attains the age required for early retirement as elected in Section 12.02 of the Adoption Agreement and prior to his Normal Retirement Age. A Participant eligible to make an election under this Section may request any optional benefit permitted under Section 12.07. The benefit payable as a result of any election pursuant to this Section will be the benefit which can be provided by the current value of the Participant's Accounts.
