Early Retirement Notification Sample Clauses

Early Retirement Notification. To provide for an orderly transition upon the retirement of full-time faculty members, tenured faculty members who provide written notice of their pending retirement by the fifth (5th) instructional day of Fall Quarter of the year prior to the calendar year of their planned retirement will receive a stipend at the time of retirement. To be eligible for a stipend, the faculty member must be at least fifty-five (55) years of age at the time of retirement, and have at least ten (10) years of full-time faculty employment at the College. The stipend will be calculated as follows:
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Early Retirement Notification. To provide for an orderly transition upon the retirement of full-time faculty members, tenured faculty and XXX/OLS Lead faculty members who provide written notice of their pending retirement by April 30 of the academic year prior to the academic year of their planned retirement will receive a stipend or phased retirement agreement as outlined below. To be eligible for a stipend or phased retirement, the faculty member must be at least fifty-five (55) years of age at the time of retirement, and have at least ten (10) academic years of full-time faculty employment at the College. Faculty who provide notice under this section commit to retiring and relinquishing their tenured or XXX/OLS Lead status no later than the date identified in their notice; provided that the College President may permit an extension of the faculty member’s retirement date where such a delay is needed due to serious and unforeseen circumstances.
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Early Retirement Notification. To provide for an effective search for replacement faculty, the College will provide a one-time payment to a faculty member who is placed on the full-time faculty salary schedule who provides a signed declaration of retirement prior to October 1 of their current contract year. A signed, written agreement, upon acceptance by the institution, will verify the faculty member’s current contract. The payment of a stipend in the amount of $2,500.00 will be made to the employee in a lump sum in their final paycheck.
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Early Retirement Notification. To provide for an orderly transition upon the retirement of full-time faculty members, tenured faculty and XXX Lead faculty members who provide written notice of their pending retirement by the fifth (5th) instructional day of Fall Quarter of the year prior to the calendar year of their planned retirement will receive a stipend at the time of retirement. To be eligible for a stipend, the faculty member must be at least fifty-five (55) years of age at the time of retirement, and have at least ten (10) years of full-time faculty employment at the College. Faculty members who provide notice of early retirement but do not retire as scheduled will not be eligible for the stipend at a later date unless their retirement was delayed at the request of the College. The College President may also permit an exception where a faculty member’s retirement is delayed due to serious and unforeseen circumstances. The stipend will be calculated as follows:
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Early Retirement Notification. A one time amount of $2,000 shall be paid upon effective retirement to Association members who submit a letter of resignation for retirement purposes as follows: DESIRED DATE OF RETIREMENT LETTER OF RESIGNATION DATE End of School Year January 15 of that year. End of 1st Semester August 15 of Preceding Year Other Five (5) months prior to date of retirement QUALIFICATIONS/REGULATIONS:
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Early Retirement Notification. 1. Each eligible teacher shall also receive an additional two thousand dollars ($2,000) if he/she submits a letter of resignation for the purpose of retirement more than one hundred twenty (120) calendar days prior to the effective date of his/her retirement.
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Early Retirement Notification. In order to provide for an orderly transition upon the retirement of full-time faculty members, tenured faculty members who provide written notice of their pending retirement by October 15 of the year prior to the calendar year their planned retirement will receive a stipend at the time of retirement. To be eligible for a stipend, the faculty member must be at least 55 years of age at the time of retirement, and have at least 10 years of full-time faculty employment at BCC. The stipend will be calculated as follows:
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Early Retirement Notification. Upon submission to the District of a signed letter of resignation (effective at the end of the school year) by February 1, retiring employees shall be given a one time stipend of $800 upon successful completion of clearing their work station and signed off by Principal or Supervisor.
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Early Retirement Notification. Employees who submit a letter of retirement and is approved by the Board no later than the December school board meeting shall receive a one-time payment of $500.00 on the January payroll for the purposes of closing out their classroom and/or program.
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Related to Early Retirement Notification

  • 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.

  • Early Retirement Benefits If elected in the Adoption Agreement, an Early Retirement benefit may be available to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

  • Early Retirement Incentive The Employer may offer to any faculty member or a faculty member may apply for one of the early retirement incentive alternatives described herein, provided the faculty member meets the following criteria. The Union shall be advised in writing of any offer of early retirement made to a faculty member.

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

  • Normal Retirement Age Normal Retirement Age shall mean the date on which the Executive attains age sixty-five (65).

  • RETIREMENT PICK-UP 257. For the term of this Agreement, the CITY shall pick up the full amount of the employees’ contribution to retirement.

  • Enhanced Early Retirement 26.11.1 Employees engaged prior to 1 May 1994 are eligible if they are within 10 years of the age of eligibility for government superannuation and have a minimum of ten years' total aggregated service with the employer, with one or more other DHBs, and with one or more of the following services:

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