Early Retirement Window Sample Clauses

Early Retirement Window. The University agrees to extend the early retirement window to June 30, 2005. A “bridge benefit” will be payable under the early retirement window equal to:
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Early Retirement Window. The University agrees to extend the early retirement window to June A “bridge benefit” will be payable under the early retirement window equal to: percent of Highest Average Earnings up to average maximum salary Times Pensionable service Reduced by Three (3) percent for each year (prorated for partial years) that the early retirement date the first of the month following age sixty (60). The bridge benefit is payable until the earlier of the first of the month in which the participant reaches age sixty-five (65)or the first month in which the participant dies. Additional Lifetime Pension for Pensioners who Retired to and June For eligible pensioners under the University of Toronto Pension Plan who retired from the University up to and including June pension benefits will be recalculated by using a benefit rate of percent on highest average salary up to the average maximum salary, instead of percent used in the original calculation. For those pensioners with part-time service before July the pension earned for this service, which was calculated under a different formula, will be increased by thirty (30) percent. The additional pension resulting from the recalculation will be payable starting July LETTER OF INTENT: TUITION WAIVER FOR DEPENDENTS REGULAR PART-TIME EMPLOYEES April Xxxx Xxxxxxxxx National Representative Canadian Union of Public Employees, Local Part-Time Bargaining Unit Avenue, Suite Scarborough, Ontario Dear The University agrees that dependents of employees in the bargaining unit shall be entitled to the benefits of the Tuition Waiver for Dependents Policy attached hereto. It is agreed that the University may amend the aforesaid Policy from time to time. Yours truly, Xxxx Xxx Xxxx Director, Labour Relations TUITION WAIVER FOR DEPENDENTS
Sample 1
Early Retirement Window. The Company agrees that the pension plan will be amended effective January 1, 2005 and each subsequent January 1 up to and including January 1, 2007 in order to provide an early retirement window to members with or who will attain thirty (30) or more years of credited service during the calendar year. Such early retirement window will allow members with thirty (30) or more years of credited service to retire with the Temporary Special Allowance regardless of age. Members will have 60 days beginning January 1 of each year to choose whether or not to retire during that year. Members may elect to retire at the end of any month up to and including December 31 of the applicable year.
Sample 1
Early Retirement Window. The Company will offer bargaining unit employees as of the Effective Date of the Labor Dispute Settlement Agreement for the duration of an election period, the following Early Retirement Window benefits in accordance with their length of Seniority (including service with predecessor companies, as of the date of ratification) until a maximum of 200 employees have accepted such offers:
Sample 1
Early Retirement Window. A one time window shall be offered to a maximum of 15 employees, based on seniority, who have attained the age of 55 and have 30 years of service by August 1, 2014. Employees must retire between August 1, 2013 and August 1, 2014. Employees who wish to take advantage of this must elect to do so between August 1, 2013 and October 31, 2013. Employees will receive no early retirement reduction. June 2, 2012 Letter of Understanding The company may implement a Weekend Work Schedule in accordance with the following provisions:
Sample 1

Related to Early Retirement Window

  • Early Retirement Age Early Retirement Age is the later of: (i) the date a Participant attains age ; (ii) the date a Participant reaches the anniversary of the first day of the Plan Year in which the Participant commenced participation in the Plan; or (iii) the date a Participant completes Years of Service. [Note: The Employer should leave blank any of clauses (i), (ii) and (iii) which are not applicable.] If (f)(iii) is selected, “Years of Service” under this Election 34(f)(iii) means (Choose (1) or (2).):

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

  • Early Retirement Benefit If the Executive terminates employment after the Early Retirement Date but before the Normal Retirement Date, and for reasons other than death or Disability, the Bank shall pay to the Executive the benefit described in this Section 2.2.

  • 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.

  • Retirement Date If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the Executive’s sixty-fifth (65th) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extended.

  • 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.

  • Normal Retirement Benefit Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement.

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