Common use of Four Year Plan Clause in Contracts

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

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

Four Year Plan. If an eligible Teacher gives the Board an irrevocable letter of retirement prior to May 1 September 1, 2021, four (4) years prior to the year of retirement, the Teacher will be removed from the salary schedule and for the final four (4) years of employment the Teacher’s nonexempt TRS creditable earnings shall be increased by six percent (6%) over the Teacher nonexempt Teacher’s TRS creditable earnings for the prior years of employment respectively.

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

Four Year Plan. If an eligible Teacher teacher gives the Board an irrevocable letter of retirement prior to May August 1 four (4) years prior to the year of retirement, the Teacher will be removed from the salary schedule and for the final four (4) years of employment the Teacherteacher’s nonexempt TRS creditable earnings shall be increased by six percent (6%) or the maximum amount allowable without the Board incurring a TRS employer contribution, whichever is less, over the Teacher teacher’s nonexempt TRS creditable earnings for the prior years of employment respectively.

Four Year Plan. If an eligible Teacher teacher gives the Board an irrevocable letter of retirement prior to May March 1 four (4) years prior to the year of retirement, the Teacher teacher will be removed from the salary schedule and for the final four (4) years of employment the Teacherteacher’s nonexempt TRS creditable earnings shall be increased by six three percent (63%) over the Teacher nonexempt teacher’s TRS creditable earnings for the prior years of employment respectively.

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