Early Retirement Notice Sample Clauses

Early Retirement Notice. Employees who inform the Board of their June 30th retirement by January 15th of that year shall receive an additional total of $1,000.00 in salary disbursed in installments over each pay during their final five (5) months of service. Employees who inform the Board of their retirement at least six (6) months in advance of a retirement date other than June 30th will have a one-time additional $850.00 in salary added to their last paycheck.
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Early Retirement Notice. Employees providing notice of retirement at least five months in advance of their actual retirement date, but no later than February 1 of the school year, shall be eligible for a $500 bonus payment. Employees submitting notice of retirement to receive this payment understand that District acceptance of their notice is irrevocable. Payment will be made in the employee’s final check.
Sample 1
Early Retirement Notice. At such time as the Bank and its Affiliates have repaid all financial assistance received pursuant to the Act and have determined that all payments provided for in this Agreement may be paid to Xxxxxx-Xxxxx without violating EESA, the Bank shall give notice to Xxxxxx-Xxxxx stating that such restrictions no longer apply and offering Xxxxxx-Xxxxx the opportunity to promptly retire from employment with the Bank (“Early Retirement”). If, within five (5) business days of Xxxxxx-Xxxxx’x receipt of such notice, Xxxxxx-Xxxxx gives the Bank notice stating her decision to take Early Retirement, the Term shall terminate upon the Bank’s receipt of such notice or upon such later date upon which the parties may mutually agree (with such date of Early Retirement being the “Termination Date” for purposes of applying the Employment Agreement). If Xxxxxx-Xxxxx elects Early Retirement in accordance with this Section 2, she will be relieved of the requirement otherwise imposed by Section 7.5 of the Employment Agreement to give ninety (90) days notice of termination. If Xxxxxx-Xxxxx fails to give notice of Early Retirement within the five (5) business day period specified above, she shall thereafter have no further right to elect Early Retirement or to receive any of the benefits of Early Retirement provided by this Agreement, and the provisions of this Agreement shall be deemed null and void. The parties agree that time is of the essence with respect to Xxxxxx-Xxxxx’x right to elect Early Retirement.
Sample 1

Related to Early Retirement Notice

  • Early Retirement Date Early Retirement Date shall mean a retirement from employment which is effective prior to the Normal Retirement Age stated herein, provided the Executive has attained age sixty (60) with thirty (30) years of service with the bank.

  • Early Retirement An employee entitled to twenty-five (25) or more days of annual vacation shall be entitled to defer up to five (5) days per year of vacation into an Early Retirement Bank. An employee entitled to thirty (30) or more days of annual vacation shall be entitled to defer up to ten (10) days per year of vacation into an Early Retirement Bank. Such deferred vacation may only be taken immediately prior to retirement. The Employer may, at its sole discretion, permit an employee to use such banked vacation under other circumstances.

  • Normal Retirement Date The date on which the Executive attains age sixty-five (65).

  • Normal Retirement Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

  • Normal Retirement Benefits A Participant shall be entitled to receive the balance held in his or her account upon attaining his or her Normal Retirement Age or at such earlier dates as the provisions of this Article VI may permit. If a Participant elects to continue working past his or her Normal Retirement Age, he or she will continue as an active Participant. Unless the Employer elects otherwise in the Adoption Agreement, distribution shall be made to such Participant at his or her request prior to his or her actual retirement. Distribution shall be made in the normal form, or if elected, in one of the optional forms of payment provided below.

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