Eligibility for Both Severance and 403 Sample Clauses

Eligibility for Both Severance and 403. (b) Any Education Assistant eligible for severance pay pursuant to Article XIV of this master agreement will continue to be eligible to receive severance pay as set forth therein. Such Education Assistants may also participate in the District’s 403(b) annuity matching program. The District matching contribution to such program shall be in the amount as set forth in Section 2 below, but will not exceed a lifetime contribution cap of $17,000 per Education Assistant. Upon the retirement of an Education Assistant eligible for severance pay, the total amount of the District’s matching contributions to the 403(b) annuity account shall be deducted from any severance pay obligation under Article XIV of the master agreement. However, if the district has met the $17,000 lifetime contribution limit the Education Assistant shall not be entitled to receive any severance pay pursuant to Article XIV. Those employed prior to July 1, 1999 have two options:
Sample 1
AutoNDA by SimpleDocs

Related to Eligibility for Both Severance and 403

  • Eligibility for Benefits A member will not be eligible to receive Long Term Disability benefits until their Income Protection benefits have expired.

  • Eligibility for Overtime Compensation (a) Overtime compensation rates for all hours worked in excess of the workday and workweek identified below shall be as follows:

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Employer Compensation Upon Separation An Employee, upon her separation from employment, shall compensate the Employer for vacation which was taken but to which she was not entitled.

  • Termination and Severance Pay Employees who terminate their employment with the City for any reason shall have their termination pay computed in the following manner.

  • Transition to Retirement 24.1 An Employee may advise their Employer in writing of their intention to retire within the next five years and participate in a retirement transition arrangement.

  • Eligibility for Sick Leave with Pay Employees shall be eligible for sick leave with pay immediately upon accrual.

  • Eligibility for Pay An employee granted military leave for emergency National Guard duty is entitled to receive regular University pay for a period not to exceed thirty (30) calendar days in any one (1) fiscal year. An employee is eligible for pay regardless of the length of University service, and such pay is in addition to any University payment for temporary military leave for active-duty training, extended military leave, and military leave for physical examinations.

  • Eligibility for Payment a) i) Except in the case of a disability arising out of an accident, an employee shall be eligible to receive an amount of disability benefit in accordance with Section 3 hereof, for a period not exceeding 52 weeks for any one illness, beginning after three (3) continuous days from the commencement of the disability, or beginning on the first day of hospital confinement as a bed patient, if earlier.

  • Overtime Eligibility and Compensation Employees are eligible for overtime compensation under the following circumstances:

Time is Money Join Law Insider Premium to draft better contracts faster.