Common use of Four Year Plan Clause in Contracts

Four Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to May 1 four (4) years prior to the year of retirement, the employee will be removed from the salary schedule and for the final four (4) years of employment the employee’s TRS creditable earnings shall be increased by six percent (6%) over the employee’s TRS creditable earnings for the prior years of employment respectively.

Appears in 9 contracts

Samples: Collective Bargaining Agreement, Agreement, Collective Bargaining Agreement

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Four Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to May 1 1st four (4) years prior to the year of retirement, the employee will be removed from the salary schedule and for the final four (4) years of employment the employee’s TRS creditable earnings earning shall be increased by six five percent (65%) over the employee’s TRS creditable earnings for the prior years of employment respectively.

Appears in 3 contracts

Samples: Professional Negotiations Agreement, Professional Negotiations Agreement, Professional Negotiations Agreement

Four Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to May 1 July 31, four (4) years prior to the year of retirement, the employee will be removed from the salary schedule and for the final four (4) years of employment the employee’s TRS creditable earnings shall be increased by six percent (6%) over the employee’s TRS creditable earnings for the prior years of employment respectively.

Appears in 2 contracts

Samples: Agreement, Agreement

Four Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to May 1 31 four (4) years prior to the year of retirement, the employee will be removed from the salary schedule and for the final four (4) years of employment the employee’s TRS creditable earnings shall be increased by six percent (6%) over the employee’s TRS creditable earnings for the prior years of employment respectively.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

Four Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to May 1 four January 1, three (43) years prior to the year of retirement, the employee will be removed from the salary schedule schedule, and for the final four (4) years of employment the employee’s TRS creditable earnings shall be increased by six five percent (65%) over the employee’s TRS creditable earnings for the prior years of employment respectively.

Appears in 2 contracts

Samples: Professional Agreement, Professional Agreement

Four Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to May June 1 four (4) years prior to the year of retirement, the employee will be removed from the salary schedule and for the final four (4) years of employment the employee’s nonexempt TRS creditable earnings shall be increased to current law not to exceed by six four percent (6%4) over the employee’s nonexempt TRS creditable earnings for the prior years of employment respectively.

Appears in 1 contract

Samples: Agreement

Four Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to May 1 four (4) years prior to the year of retirement, the employee will be removed from the salary schedule schedule, and for the final four (4) years of employment the employee’s TRS creditable earnings shall be increased by six five and one-quarter percent (65.25%) over the employee’s TRS creditable earnings for the prior years of employment respectively.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Four Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to May March 1 four (4) years prior to the year of retirement, the employee will be removed from the salary schedule schedule, and for the final four (4) years of employment the employee’s TRS creditable earnings shall be increased by six percent (6%) over the employee’s TRS creditable earnings for the prior years of employment respectively.

Appears in 1 contract

Samples: Agreement

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Four Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to May August 1 four (4) years prior to the year of retirement, the employee will be removed from the salary schedule and for the final four (4) years of employment the employee’s TRS creditable earnings shall be increased by six percent (6%) over the employee’s TRS creditable earnings for the prior years of employment respectively.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Four Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to May June 1 four (4) years prior to the year of retirement, the employee will be removed from the salary schedule and for the final four (4) years of employment the employee’s nonexempt TRS creditable earnings shall be increased by six percent (6%) over the employee’s nonexempt TRS creditable earnings for the prior years of employment respectively.

Appears in 1 contract

Samples: Professional Agreement

Four Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to May 1 four (4) years prior to the year of retirement, the employee will be removed from the salary schedule schedule, and for the final four (4) years of employment the employee’s TRS creditable earnings shall be increased by six percent (6%) over the employee’s TRS creditable earnings for the prior years of employment respectively.

Appears in 1 contract

Samples: www.crestwood.k12.il.us

Four Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to May February 1 four (4) years prior to the year of retirement, the employee will be removed from the salary schedule and for the final four (4) years of employment the employee’s TRS creditable earnings shall be increased by six percent (6%) over the employee’s TRS creditable earnings for the prior years of employment respectively.

Appears in 1 contract

Samples: Negotiated Agreement

Four Year Plan. If an eligible employee gives the Board an irrevocable letter of retirement prior to May 1 four (4) years prior to the year of retirement, the employee will be removed from the salary schedule schedule, and for the final four (4) years of employment the employee’s TRS creditable earnings shall be increased by six percent (6%) over the employee’s TRS creditable earnings for the prior years of employment respectively.five and one-half percent

Appears in 1 contract

Samples: Collective Bargaining Agreement

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